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  "pp-value-1-1": {
   "value": "SEGMENT REPORTINGCONCES<span class=\"_ _3\"></span>SIONSThe Concessions segment, unl<span class=\"_ _3\"></span>ike<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>ting se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in an<span class=\"_ _5\"></span>d devel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, por<span class=\"_ _4\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture, g<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>n hydro<span class=\"_ _5\"></span>gen a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial project<span class=\"_ _5\"></span>s. It operates through participations in<span class=\"_ _3\"></span> special purpose companies \u2013 greenfield and<span class=\"_ _8\"></span> brow<span class=\"_ _5\"></span>nfield. Besides creating economi<span class=\"_ _3\"></span>c value on<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts project<span class=\"_ _5\"></span>s and generating<span class=\"_ _8\"></span> equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>s on it<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>ims to secure regular<span class=\"_ _8\"></span> ac<span class=\"_ _5\"></span>tivi<span class=\"_ _5\"></span>ties for the<span class=\"_ _3\"></span> Group contracting ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e EPC p<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>in it<span class=\"_ _5\"></span>s concessions activities<span class=\"_ _5\"></span>, the Group<span class=\"_ _3\"></span> holds also conc<span class=\"_ _3\"></span>essions of s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>eas w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h cont<span class=\"_ _5\"></span>ain p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ym<span class=\"_ _5\"></span>eta<span class=\"_ _5\"></span>llic n<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>les and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>ops a t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y to coll<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss these polymet<span class=\"_ _5\"></span>allic<span class=\"_ _3\"></span> nodules containi<span class=\"_ _3\"></span>ng nick<span class=\"_ _8\"></span>el, cobalt, manga<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d cop<span class=\"_ _5\"></span>per f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eep o<span class=\"_ _5\"></span>cean f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Each of the<span class=\"_ _3\"></span> four above<span class=\"_ _3\"></span>mentioned segments has its own mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>, ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t bas<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l and is m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>ed separately requiring d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ferent strategies. Dredging &amp; Infra activities are complementary as the ma<span class=\"_ _3\"></span>rine inf<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at DEM<span class=\"_ _5\"></span>E Inf<span class=\"_ _5\"></span>ra un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>akes a<span class=\"_ _5\"></span>re of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing or l<span class=\"_ _5\"></span>and re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on sco<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>. The O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d in and ser<span class=\"_ _4\"></span>ves t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y indu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y, bot<span class=\"_ _5\"></span>h rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and oi<span class=\"_ _5\"></span>l &amp; gas s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Envi<span class=\"_ _5\"></span>ronm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent focuses on environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>olutions. The Concessions segment, unlik<span class=\"_ _3\"></span>e the c<span class=\"_ _3\"></span>ontracting segments<span class=\"_ _5\"></span>, invests in and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ure, gre<span class=\"_ _5\"></span>en hydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>n and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r spe<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The segment reporting comprises financial i<span class=\"_ _3\"></span>nformation of these four segments that a<span class=\"_ _3\"></span>re separate operating se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. O<span class=\"_ _5\"></span>n a quar<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s, s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>te op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>epar<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted t<span class=\"_ _5\"></span>o the Ch<span class=\"_ _5\"></span>ief Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n maker, the DEME E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Commi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting, some activit<span class=\"_ _5\"></span>y lines, that<span class=\"_ _3\"></span> are th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>wes<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>vel of r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin DEME<span class=\"_ _5\"></span>,<span class=\"ff6a\"> </span>are a<span class=\"_ _5\"></span>ggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f CTOW (mari<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>ls) and DB<span class=\"_ _5\"></span>M (mari<span class=\"_ _5\"></span>ne aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss) ar<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d by S<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>dis (s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>vag<span class=\"_ _5\"></span>e works) are agg<span class=\"_ _3\"></span>regated in<span class=\"_ _3\"></span> the Of<span class=\"_ _5\"></span>fshore Energy segment.The reporting of the manage<span class=\"_ _3\"></span>ment accou<span class=\"_ _3\"></span>nts (reporting on op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>sult<span class=\"_ _5\"></span>s) is an i<span class=\"_ _5\"></span>nteg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al repor<span class=\"_ _5\"></span>ting. A<span class=\"_ _8\"></span>t any time, the<span class=\"_ _8\"></span> consolidated management rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onci<span class=\"_ _5\"></span>led w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial statements<span class=\"_ _5\"></span>, both resulting i<span class=\"_ _3\"></span>n the same IF<span class=\"_ _3\"></span>RS net res<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year (as su<span class=\"_ _5\"></span>ch on<span class=\"_ _5\"></span>e ver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>uth).DESCRIP<span class=\"_ _5\"></span>TION OF OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSDEME h<span class=\"_ _5\"></span>as evo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d into a g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e solutions provider organ<span class=\"_ _3\"></span>ised around four<span class=\"_ _8\"></span> dis<span class=\"_ _5\"></span>tinct se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. F<span class=\"_ _5\"></span>or man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s orga<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>to fo<span class=\"_ _5\"></span>ur bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss un<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The f<span class=\"_ _5\"></span>our r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re:OFFSHORE<span class=\"_ _3\"></span> ENERGYThis segment pro<span class=\"_ _3\"></span>vides engineering a<span class=\"_ _3\"></span>nd contracting ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces gl<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y in the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore r<span class=\"_ _5\"></span>enew<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oil &amp; ga<span class=\"_ _5\"></span>s indu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y. Thos<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ciali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup is invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e full B<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f Plan<span class=\"_ _5\"></span>t sco<span class=\"_ _5\"></span>pe f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>eer<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>, pr<span class=\"_ _5\"></span>ocu<span class=\"_ _5\"></span>reme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, construc<span class=\"_ _5\"></span>tion and i<span class=\"_ _3\"></span>nstallation of foundations, t<span class=\"_ _3\"></span>urbines, inte<span class=\"_ _5\"></span>r-array c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>. The Group al<span class=\"_ _3\"></span>so of<span class=\"_ _5\"></span>fers operations and mai<span class=\"_ _3\"></span>ntenance,<span class=\"_ _3\"></span> lo<span class=\"_ _5\"></span>gis<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>air an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>commi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ioni<span class=\"_ _5\"></span>ng as w<span class=\"_ _5\"></span>ell as sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e marke<span class=\"_ _5\"></span>t. I<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>il &amp; gas in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rms l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>fall<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, roc<span class=\"_ _5\"></span>k placement, heavy lift<span class=\"_ _5\"></span>, umbili<span class=\"_ _3\"></span>cals, as well<span class=\"_ _3\"></span> as installation and d<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>mmis<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ning s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tion t<span class=\"_ _5\"></span>o the<span class=\"_ _5\"></span>se main ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g ge<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e installation of suction pile<span class=\"_ _3\"></span> anchors and found<span class=\"_ _3\"></span>ations. DREDGING &amp;<span class=\"_ _8\"></span> INFR<span class=\"_ _5\"></span>AIn thi<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rms a w<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y of dredging<span class=\"_ _3\"></span> activi<span class=\"_ _5\"></span>ties worldwide, includi<span class=\"_ _3\"></span>ng capital and maintenance dredging<span class=\"_ _5\"></span>, land reclamation<span class=\"_ _5\"></span>, soil improvement, port construc<span class=\"_ _5\"></span>tion, coastal protection and beach nou<span class=\"_ _3\"></span>rishment works. These ac<span class=\"_ _5\"></span>tivities are execut<span class=\"_ _8\"></span>ed with speci<span class=\"_ _3\"></span>alised<span class=\"_ _8\"></span> dredging<span class=\"_ _8\"></span> vessels and<span class=\"_ _8\"></span> var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ty<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>s of a<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>iliar<span class=\"_ _4\"></span>y ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>mov<span class=\"_ _5\"></span>ing equipment. The Group<span class=\"_ _8\"></span> also provides contracting ser<span class=\"_ _5\"></span>vices for marine<span class=\"_ _3\"></span> infrastruc<span class=\"_ _5\"></span>ture projects<span class=\"_ _5\"></span>. This<span class=\"_ _8\"></span> includes the engi<span class=\"_ _3\"></span>neering, design and construction of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ex mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>res s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s jet<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s, l<span class=\"_ _5\"></span>ock<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd we<span class=\"_ _5\"></span>irs<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tura<span class=\"_ _5\"></span>l wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s such as bored a<span class=\"_ _3\"></span>nd immersed tunnel<span class=\"_ _3\"></span>s, foundation and<span class=\"_ _8\"></span> marine works for bridges or othe<span class=\"_ _3\"></span>r constructions in a mar<span class=\"_ _5\"></span>ine or f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>al env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, a<span class=\"_ _5\"></span>nd ci<span class=\"_ _5\"></span>vil w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or harbour cons<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>on, dams and sea def<span class=\"_ _5\"></span>ences, c<span class=\"_ _5\"></span>anal construc<span class=\"_ _5\"></span>tion, revetment, quay wall<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion and shore protection. In addition, the Grou<span class=\"_ _3\"></span>p is active in<span class=\"_ _3\"></span> the marine aggr<span class=\"_ _5\"></span>egate busine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, which include<span class=\"_ _5\"></span>s dredging<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ng, s<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge and t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tes<span class=\"_ _5\"></span>. Fi<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p prov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>es mar<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.ENVIRONMENT<span class=\"_ _6\"></span>ALThe En<span class=\"_ _3\"></span>vironmental segment focuses on<span class=\"_ _3\"></span> innovative environmental<span class=\"_ _3\"></span> solutions for soil remedi<span class=\"_ _3\"></span>ation and brownfield redevelopment, environmental<span class=\"_ _3\"></span> dredging and sediment trea<span class=\"_ _3\"></span>tment and wat<span class=\"_ _3\"></span>er treatment. It is<span class=\"_ _8\"></span> mainl<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in t<span class=\"_ _5\"></span>he Be<span class=\"_ _5\"></span>nel<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>, Fra<span class=\"_ _5\"></span>nce, a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as in ot<span class=\"_ _5\"></span>her European<span class=\"_ _3\"></span> countries on a<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>- by-project basis. An ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>l par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in t<span class=\"_ _5\"></span>he Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>s a mate<span class=\"_ _5\"></span>rial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>d agg<span class=\"_ _5\"></span>reg<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d leve<span class=\"_ _5\"></span>l of sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies with non-controlling interests of 25.<span class=\"_ _6\"></span>1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s com<span class=\"_ _5\"></span>pany s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e is mo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, bu<span class=\"_ _5\"></span>t not comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tely, buil<span class=\"_ _5\"></span>t aro<span class=\"_ _5\"></span>und t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rent s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>t is po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t a comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ing pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>ging &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra an<span class=\"_ _5\"></span>d Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d als<span class=\"_ _5\"></span>o on<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an tr<span class=\"_ _5\"></span>igg<span class=\"_ _5\"></span>er cos<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me in di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p worldwide. The DEME<span class=\"_ _3\"></span> operational and m<span class=\"_ _3\"></span>anagement st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r is ali<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th the D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal segments as well as<span class=\"_ _3\"></span> the manage<span class=\"_ _3\"></span>ment reporting that is based on a w<span class=\"_ _3\"></span>orldwide uniform analytical accounting sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>naly<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t by co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny<span class=\"_ _3\"></span>, tha<span class=\"_ _5\"></span>t give<span class=\"_ _5\"></span>s a bre<span class=\"_ _5\"></span>akdow<span class=\"_ _5\"></span>n by pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cent<span class=\"_ _5\"></span>er<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>s the b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s for the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n alw<span class=\"_ _5\"></span>ays b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>d with the income<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatement of the c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span>.For p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich t<span class=\"_ _5\"></span>wo s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d (for ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce an o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e), the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>eir ow<span class=\"_ _5\"></span>n sha<span class=\"_ _5\"></span>re in re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e and result. When one<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment is working<span class=\"_ _3\"></span> for another segment as a<span class=\"_ _3\"></span> subcontractor or when a segment<span class=\"_ _3\"></span> hires equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt to us<span class=\"_ _5\"></span>e on p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is de<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ated t<span class=\"_ _5\"></span>o ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this i<span class=\"_ _5\"></span>s remun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s len<span class=\"_ _5\"></span>gth b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>. Inter<span class=\"_ _3\"></span>-se<span class=\"_ _5\"></span>gment revenues<span class=\"ls3 ws3\"> are inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s of </span>the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g the w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>, b<span class=\"_ _5\"></span>ut a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s invoic<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nal cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>omer. Currently int<span class=\"_ _3\"></span>ercompany<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ales for major<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent (dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s; o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s) so t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no inter<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>segment revenue to repor<span class=\"_ _5\"></span>t on separa<span class=\"_ _5\"></span>tely<span class=\"_ _3\"></span>.For each segment<span class=\"_ _8\"></span> the turnover<span class=\"_ _8\"></span>, EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>, depreciation and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd EBI<span class=\"_ _5\"></span>T is re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>ted<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the Concessions segment these measures<span class=\"_ _3\"></span> of perf<span class=\"_ _5\"></span>ormance are only a<span class=\"_ _3\"></span>pplicable to<span class=\"_ _3\"></span> the subsidia<span class=\"_ _3\"></span>ries (fully c<span class=\"_ _3\"></span>onsolidated ent<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>his s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent). A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sof th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent is o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing in a minority stake in participations, the operating result<span class=\"_ _3\"></span> of th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om associates and joint<span class=\"_ _3\"></span> ventures t<span class=\"_ _3\"></span>hat is a<span class=\"_ _3\"></span>lso segmented.The basis for<span class=\"_ _3\"></span> the segment reporting is the m<span class=\"_ _3\"></span>anagement rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o all ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es do<span class=\"_ _5\"></span>ne by o<span class=\"_ _5\"></span>ur subsidiaries, the ma<span class=\"_ _3\"></span>nagement report also includes the<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ted by j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>, sh<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e DEME\u2019s shar<span class=\"_ _5\"></span>e of re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. This propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method whereby the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are in t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e, is no<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d under IFRS for<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Management<span class=\"_ _3\"></span> however h<span class=\"_ _3\"></span>as to mo<span class=\"_ _5\"></span>nito<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s, b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol as in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e. In t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent repor<span class=\"_ _5\"></span>ting the jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures are c<span class=\"_ _3\"></span>onsolidated acc<span class=\"_ _3\"></span>ording to the proportionate consolidation<span class=\"_ _3\"></span> method and the<span class=\"_ _3\"></span> intercompan<span class=\"_ _8\"></span>y transac<span class=\"_ _5\"></span>tions between the joint vent<span class=\"_ _3\"></span>ures and D<span class=\"_ _5\"></span>EME sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of propor<span class=\"_ _5\"></span>tionate c<span class=\"_ _3\"></span>onsolidation. The total<span class=\"_ _3\"></span> of the reported segment amounts is reconc<span class=\"_ _3\"></span>iled with the c<span class=\"_ _3\"></span>orresponding amounts in the<span class=\"_ _3\"></span> DEME con<span class=\"_ _3\"></span>solidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. The S<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up (IFR<span class=\"_ _5\"></span>S ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t) is no<span class=\"_ _5\"></span>t af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation method, on<span class=\"_ _3\"></span>ly the presentation of the result of<span class=\"_ _3\"></span> the year<span class=\"_ _3\"></span> is different.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d associates, the reconciliation<span class=\"_ _3\"></span> column<span class=\"_ _3\"></span> includes the<span class=\"_ _3\"></span> net result and carrying amount of<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures that are consolidat<span class=\"_ _3\"></span>ed according<span class=\"_ _8\"></span> to the equity method in the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s but a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is ma<span class=\"_ _5\"></span>de to n<span class=\"_ _5\"></span>ote (8) for m<span class=\"_ _5\"></span>ore information about joint<span class=\"_ _8\"></span> ventures and associates.DEME\u2019s man<span class=\"_ _5\"></span>agem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fo<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e (fi<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al) p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance a<span class=\"_ _5\"></span>nd on t<span class=\"_ _5\"></span>he curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s depl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of projects<span class=\"_ _5\"></span>. The financing a<span class=\"_ _3\"></span>ctiv<span class=\"_ _5\"></span>ities and monitoring<span class=\"_ _3\"></span> of ou<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>med c<span class=\"_ _5\"></span>entr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y at DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p leve<span class=\"_ _5\"></span>l, an<span class=\"_ _5\"></span>d ther<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore n<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial information is presented<span class=\"_ _3\"></span> for those activi<span class=\"_ _5\"></span>ties.The <span class=\"lse ws12\">s<span class=\"_ _5\"></span>egmentation of DE<span class=\"_ _3\"></span>ME\u2019<span class=\"_ _3\"></span>s fleet<span class=\"ls3 ws3\"> is do<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d </span></span>upo<span class=\"_ _5\"></span>n the na<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t de<span class=\"_ _5\"></span>dica<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et per n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>e is at<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in the a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>eet i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E as i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls are c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>inuo<span class=\"_ _5\"></span>usl<span class=\"_ _5\"></span>y working on different project<span class=\"_ _5\"></span>s around t<span class=\"_ _3\"></span>he world.FINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. SUMM<span class=\"_ _5\"></span>AR<span class=\"_ _8\"></span>Y OF PRI<span class=\"_ _5\"></span>NCIP<span class=\"_ _6\"></span>AL A<span class=\"_ _8\"></span>CC<span class=\"_ _8\"></span>OU<span class=\"_ _5\"></span>NTING POLI<span class=\"_ _8\"></span>CIESThe c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any can b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>d on mo<span class=\"_ _5\"></span>re tha<span class=\"_ _5\"></span>n 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>0 year<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f kn<span class=\"_ _5\"></span>ow-how an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ence an<span class=\"_ _5\"></span>d is a f<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>t run<span class=\"_ _5\"></span>ner in in<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on and<span class=\"_ _5\"></span> new technologies. The sub-holding c<span class=\"_ _3\"></span>ompany DE<span class=\"_ _3\"></span>ME NV ori<span class=\"_ _5\"></span>gina<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n Apr<span class=\"_ _5\"></span>il 5, 19<span class=\"_ _8\"></span>30<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s visio<span class=\"_ _5\"></span>n is to w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span> tow<span class=\"_ _5\"></span>ards a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ture b<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns fo<span class=\"_ _5\"></span>r glob<span class=\"_ _5\"></span>al ch<span class=\"_ _5\"></span>alle<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>s: a r<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ea lev<span class=\"_ _5\"></span>el, a gr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>opul<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on,<span class=\"_ _5\"></span> red<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of CO\u2082 emis<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, pol<span class=\"_ _5\"></span>lute<span class=\"_ _5\"></span>d ri<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, seas an<span class=\"_ _5\"></span>d soi<span class=\"_ _5\"></span>ls and t<span class=\"_ _5\"></span>he sc<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s.The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>egis<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d at the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er of Comm<span class=\"_ _5\"></span>erce in A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp, B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>umbe<span class=\"_ _5\"></span>r BE 078<span class=\"_ _8\"></span>782934<span class=\"_ _8\"></span>7 a<span class=\"_ _5\"></span>nd BE 0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>4<span class=\"_ _8\"></span>73705 resp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>y. The le<span class=\"_ _5\"></span>gal ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ide<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ier (L<span class=\"_ _5\"></span>EI) of DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V at th<span class=\"_ _5\"></span>e Cro<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>roa<span class=\"_ _5\"></span>d Ban<span class=\"_ _5\"></span>k of Ent<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s is 549300FP<span class=\"_ _5\"></span>FPQ<span class=\"_ _5\"></span>PK<span class=\"_ _5\"></span>I3P<span class=\"_ _2\"></span>J<span class=\"_ _5\"></span>V37<span class=\"_ _2\"></span>. DEME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p NV is l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>ince Ju<span class=\"_ _5\"></span>ne 30, 2022, on Eur<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t Br<span class=\"_ _5\"></span>uss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s unde<span class=\"_ _5\"></span>r the s<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>l \u2018D<span class=\"_ _5\"></span>EME\u2019 w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ISIN c<span class=\"_ _5\"></span>ode BE097<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>3453. Fo<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve 200<span class=\"_ _5\"></span>4/1<span class=\"_ _8\"></span>09/EC in res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e har<span class=\"_ _5\"></span>moni<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of transparency requirements relating<span class=\"_ _8\"></span> to information about iss<span class=\"_ _5\"></span>uer<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ecur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>dmit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g on a reg<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d mar<span class=\"_ _5\"></span>ket an<span class=\"_ _5\"></span>d amen<span class=\"_ _5\"></span>ding D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve 2001<span class=\"_ _8\"></span>/34/EC<span class=\"_ _5\"></span>, the H<span class=\"_ _5\"></span>ome M<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er Sta<span class=\"_ _5\"></span>te is B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um. D<span class=\"_ _5\"></span>EME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V shal<span class=\"_ _5\"></span>l not<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>y the B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gian Fin<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces a<span class=\"_ _5\"></span>nd Mar<span class=\"_ _5\"></span>ket Au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty (FSM<span class=\"_ _5\"></span>A), as c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>nt sup<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>arke<span class=\"_ _5\"></span>t aut<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s Hom<span class=\"_ _5\"></span>e Mem<span class=\"_ _5\"></span>ber St<span class=\"_ _5\"></span>ate. DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s s<span class=\"_ _5\"></span>ecur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re on<span class=\"_ _5\"></span>ly ad<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g in<span class=\"_ _5\"></span> Belgium<span class=\"_ _5\"></span>.The w<span class=\"_ _5\"></span>ebs<span class=\"_ _5\"></span>ite o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is <span class=\"lse ws12\">w<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>w.deme-group.com</span>. The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>EME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V for 2022 and 2021 inclu<span class=\"_ _5\"></span>de th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d grou<span class=\"_ _5\"></span>p companies herei<span class=\"_ _3\"></span>nafter referred to jointly as<span class=\"_ _3\"></span> the \u2018Group\u2019 and individua<span class=\"_ _3\"></span>lly as subsid<span class=\"_ _3\"></span>iaries, joint vent<span class=\"_ _3\"></span>ures and associates. The sec<span class=\"_ _5\"></span>tion \u2018principles<span class=\"_ _3\"></span> of consolidation\u2019 ex<span class=\"_ _5\"></span>plai<span class=\"_ _5\"></span>ns ho<span class=\"_ _5\"></span>w grou<span class=\"_ _5\"></span>p comp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s are i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the consolidated financi<span class=\"_ _3\"></span>al statements.The consolidated<span class=\"_ _3\"></span> key<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>igures, consolidated statement of income, consolid<span class=\"_ _3\"></span>ated statement of financi<span class=\"_ _3\"></span>al position and consolidated statement of<span class=\"_ _3\"></span> cash flows together with the management<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting and segment<span class=\"_ _8\"></span> rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ting were<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d to the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f Febr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>, 2023. The full financi<span class=\"_ _3\"></span>al information<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>t includ<span class=\"_ _3\"></span>ing all<span class=\"_ _8\"></span> explanatory notes is presented and authorised for pub<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>n March 27<span class=\"_ _8\"></span>, 2023.GENER<span class=\"_ _4\"></span>A<span class=\"_ _5\"></span>L ST<span class=\"_ _8\"></span>A<span class=\"_ _2\"></span>TEMEN<span class=\"_ _5\"></span>TST<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _5\"></span>EMENT OF C<span class=\"_ _8\"></span>OMPLI<span class=\"_ _5\"></span>ANCEThe consolidated<span class=\"_ _3\"></span> financial statements and the<span class=\"_ _8\"></span> accompanying e<span class=\"_ _5\"></span>xplanator<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>tes have been prepare<span class=\"_ _5\"></span>d in accordance<span class=\"_ _8\"></span> w<span class=\"_ _5\"></span>ith Internationa<span class=\"_ _3\"></span>l Finan<span class=\"_ _3\"></span>cial R<span class=\"_ _3\"></span>epor<span class=\"_ _5\"></span>ting Stand<span class=\"_ _5\"></span>ards (I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S) as a<span class=\"_ _5\"></span>dop<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the Eur<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>an Uni<span class=\"_ _5\"></span>on (EU-I<span class=\"_ _5\"></span>FRS).BASIS OF PRE<span class=\"_ _3\"></span>P<span class=\"_ _8\"></span>AR<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONThe Group has<span class=\"_ _8\"></span> prepared the consolidated financia<span class=\"_ _3\"></span>l statements on the basis that<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>t will<span class=\"_ _3\"></span> continue t<span class=\"_ _3\"></span>o operate as<span class=\"_ _3\"></span> a goin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>n.The consolidated<span class=\"_ _3\"></span> financial statements are presented i<span class=\"_ _3\"></span>n tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ands o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>ey are p<span class=\"_ _5\"></span>rep<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d on t<span class=\"_ _5\"></span>he his<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>al cos<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>asis e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s whi<span class=\"_ _5\"></span>ch are s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d at fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue.The consolidated<span class=\"_ _3\"></span> financial statements are pre<span class=\"_ _3\"></span>pared as of and f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d end<span class=\"_ _5\"></span>ing D<span class=\"_ _5\"></span>ecem<span class=\"_ _5\"></span>ber 31<span class=\"_ _3\"></span>,2022. They a<span class=\"_ _5\"></span>re pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>efo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it appropriation proposed to the<span class=\"_ _3\"></span> Shareholders\u2019 General Meeting.In app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1 firs<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-time adoption<span class=\"_ _3\"></span> of International<span class=\"_ _8\"></span> Financial Repor<span class=\"_ _5\"></span>ting Standards<span class=\"_ _5\"></span>, the Group h<span class=\"_ _3\"></span>as applied consistent accou<span class=\"_ _3\"></span>nting principles, based on IF<span class=\"_ _3\"></span>RS<span class=\"_ _5\"></span>-EU, for<span class=\"_ _3\"></span> all the periods presented in<span class=\"_ _3\"></span> these financial statements excep<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>dop<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of n<span class=\"_ _5\"></span>ew s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>dard<span class=\"_ _5\"></span>s ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ive a<span class=\"_ _5\"></span>s of Januar<span class=\"_ _4\"></span>y 1, 20<span class=\"_ _3\"></span>22. The G<span class=\"_ _5\"></span>roup h<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t ear<span class=\"_ _5\"></span>ly a<span class=\"_ _5\"></span>dop<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ny standard, interpretation or ame<span class=\"_ _3\"></span>ndment that<span class=\"_ _3\"></span> has been iss<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d but i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t yet e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve.Bel<span class=\"_ _5\"></span>ow am<span class=\"_ _5\"></span>endm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ap<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>y for t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t time i<span class=\"_ _5\"></span>n 2022, but do not h<span class=\"_ _5\"></span>ave an imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ated f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al statements of the Group: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IFR<span class=\"_ _5\"></span>S 3 </span></span>business combinati<span class=\"_ _3\"></span>ons, reference to the c<span class=\"_ _3\"></span>onceptual<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>ramework; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 16 </span></span>proper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment, proceeds before intended use; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 37 </span></span>provisions, onerous contracts and co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ulf<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ing a co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 9 </span></span>financial instruments<span class=\"_ _5\"></span>, fe<span class=\"_ _5\"></span>es in th<span class=\"_ _5\"></span>e \u20191<span class=\"_ _8\"></span>0 p<span class=\"_ _5\"></span>er cen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 te<span class=\"_ _5\"></span>st for dere<span class=\"_ _5\"></span>cogniti<span class=\"_ _5\"></span>on of finan<span class=\"_ _5\"></span>cial liabilitie<span class=\"_ _5\"></span>s; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 4<span class=\"_ _8\"></span>1 </span></span>agricul<span class=\"_ _5\"></span>ture, taxation in fair<span class=\"_ _3\"></span> value measure<span class=\"_ _3\"></span>ments; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>6 </span></span>lea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, the amendment<span class=\"_ _8\"></span> to \u201cillustrative example 13<span class=\"_ _4\"></span>\u201d<span class=\"_ _5\"></span>.The s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>rds an<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ret<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>re is<span class=\"_ _5\"></span>sue<span class=\"_ _5\"></span>d, b<span class=\"_ _5\"></span>ut not y<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e, as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022, are d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d below<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 1 </span></span>presentation of financial statements and IFRS practice statement 2: disclo<span class=\"_ _5\"></span>sure of accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies, ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive Jan<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>y 1, 2023; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 8 </span></span>accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies, changes i<span class=\"_ _3\"></span>n accounting<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>stimates and errors: definition of accou<span class=\"_ _3\"></span>nting es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s, e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Janua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 20<span class=\"_ _3\"></span>23;  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>2 </span></span>income taxes: def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fro<span class=\"_ _5\"></span>m a sin<span class=\"_ _5\"></span>gle tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Janu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 202<span class=\"_ _3\"></span>3; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>7 </span></span>insurance<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s, ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive Jan<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>y 1, 2023; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>7 </span></span>insurance<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s: init<span class=\"_ _5\"></span>ial app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of I<span class=\"_ _5\"></span>FRS 1<span class=\"_ _3\"></span>7 and IF<span class=\"_ _5\"></span>RS 9, c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on, e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Janu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 202<span class=\"_ _3\"></span>3; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IFR<span class=\"_ _5\"></span>S 16 </span></span>leases: lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y in a s<span class=\"_ _5\"></span>ale and l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>, e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Janua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 20<span class=\"_ _3\"></span>24 (*); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to IA<span class=\"_ _5\"></span>S 1:</span></span>non-current liabilities with covenants and<span class=\"_ _8\"></span> classi<span class=\"_ _5\"></span>fication of liabil<span class=\"_ _3\"></span>ities as current<span class=\"_ _3\"></span> or non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>rent (de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d), e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Janua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 20<span class=\"_ _3\"></span>24 (*).(*) T<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>ndm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nda<span class=\"_ _5\"></span>rd h<span class=\"_ _5\"></span>ave n<span class=\"_ _5\"></span>ot y<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n en<span class=\"_ _5\"></span>do<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p inte<span class=\"_ _5\"></span>nds to a<span class=\"_ _5\"></span>dop<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>dards a<span class=\"_ _5\"></span>nd interpretations, if applicable, when<span class=\"_ _8\"></span> they become ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>dard<span class=\"_ _5\"></span>s is<span class=\"_ _5\"></span>sue<span class=\"_ _5\"></span>d, b<span class=\"_ _5\"></span>ut no<span class=\"_ _5\"></span>t yet ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>, are e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to have a ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the financial sta<span class=\"_ _5\"></span>tements<span class=\"_ _5\"></span>.SIGNIFIC<span class=\"_ _5\"></span>ANT JUDGMENTS A<span class=\"_ _5\"></span>ND ESTIMA<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>SThe preparation of<span class=\"_ _3\"></span> financial statements under IF<span class=\"_ _3\"></span>RSs req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>s es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>s to be u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>umpt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to be made t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>wn in th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular<span class=\"_ _5\"></span>ly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>gard to t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ollo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g items<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the ass<span class=\"_ _5\"></span>essment of projects revenue acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the </span></span>per<span class=\"_ _5\"></span>cent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on: in a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>danc<span class=\"_ _5\"></span>e wit<span class=\"_ _5\"></span>h the prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _3\"></span>5, th<span class=\"_ _5\"></span>e reven<span class=\"_ _5\"></span>ue of p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is measured accord<span class=\"_ _3\"></span>ing to<span class=\"_ _3\"></span> the estimated reve<span class=\"_ _3\"></span>nue at the<span class=\"_ _8\"></span> completion of the<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t, according to<span class=\"_ _3\"></span> the percentage of completion at<span class=\"_ _8\"></span> the closing date. The<span class=\"_ _3\"></span> identified addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d revenue<span class=\"_ _3\"></span> at completion. On the<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>asis of the<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>tual conditions that<span class=\"_ _3\"></span> are defined for each<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>, any<span class=\"_ _8\"></span> compensation granted or<span class=\"_ _2\"></span>, conversely<span class=\"_ _8\"></span>, penalties charged for d<span class=\"_ _5\"></span>elay<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so in<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue at c<span class=\"_ _5\"></span>ompl<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ion in l<span class=\"_ _5\"></span>ine w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>luat<span class=\"_ _5\"></span>ion r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of the D<span class=\"_ _5\"></span>EME gro<span class=\"_ _5\"></span>up. I<span class=\"_ _5\"></span>n the ev<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>e for<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>how<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>cit<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s on c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d as an ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f lab<span class=\"_ _5\"></span>our o<span class=\"_ _5\"></span>r mate<span class=\"_ _5\"></span>rial/equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e exclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>age o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, an<span class=\"_ _5\"></span>d are dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e for the period; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od ove<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are </span></span>depreciated or<span class=\"_ _3\"></span> amortis<span class=\"_ _5\"></span>ed; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the es<span class=\"_ _5\"></span>timate<span class=\"_ _3\"></span> being the d<span class=\"_ _3\"></span>iscount rate a<span class=\"_ _3\"></span>nd the judg<span class=\"_ _3\"></span>ment </span></span>of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the measurement of provisions<span class=\"_ _8\"></span> and pension obligations;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed in i<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt te<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n </span></span>car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. For a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e the l<span class=\"_ _5\"></span>ower o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e in use o<span class=\"_ _5\"></span>r the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s to s<span class=\"_ _5\"></span>ell w<span class=\"_ _5\"></span>as l<span class=\"_ _5\"></span>ower t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>, im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d. The m<span class=\"_ _5\"></span>ain as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>e des<span class=\"_ _5\"></span>cr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ed in n<span class=\"_ _5\"></span>ote (5); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sme<span class=\"_ _5\"></span>nt of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes </span></span>or u<span class=\"_ _3\"></span>ncertain<span class=\"_ _8\"></span> tax positions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the ass<span class=\"_ _5\"></span>essment of control.</span></span>These estimates assume the operation i<span class=\"_ _3\"></span>s a going<span class=\"_ _8\"></span> concern and ar<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e bas<span class=\"_ _5\"></span>is of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ion av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>t the time.Es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s may be r<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d if t<span class=\"_ _5\"></span>he cir<span class=\"_ _5\"></span>cums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s on wh<span class=\"_ _5\"></span>ich they were<span class=\"_ _3\"></span> based alter or if ne<span class=\"_ _3\"></span>w informationbecom<span class=\"_ _5\"></span>es available. Es<span class=\"_ _5\"></span>timates take into account changes in the m<span class=\"_ _3\"></span>acroeconomic and<span class=\"_ _3\"></span> geopolitical environment. Ac<span class=\"_ _5\"></span>tual re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may be d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.RISKS AND UNCERT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>INTIESRef<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce is ma<span class=\"_ _5\"></span>de to c<span class=\"_ _5\"></span>hapt<span class=\"_ _5\"></span>er \u2018<span class=\"_ _5\"></span>Ris<span class=\"_ _5\"></span>k manag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt &amp; con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol pro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in thi<span class=\"_ _5\"></span>s Ann<span class=\"_ _5\"></span>ual Rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd to no<span class=\"_ _5\"></span>te (23) Provisions and<span class=\"_ _3\"></span> contingent assets and liabi<span class=\"_ _3\"></span>lities.DISCLOSURE<span class=\"_ _5\"></span>S REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED TO 20<span class=\"_ _8\"></span>22 SPECIFIC TOP<span class=\"_ _5\"></span>IC<span class=\"_ _5\"></span>S The construc<span class=\"_ _5\"></span>tion industr<span class=\"_ _5\"></span>y still dealt with the<span class=\"_ _3\"></span> CO<span class=\"_ _3\"></span>VID<span class=\"_ _5\"></span>-crisis and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>ces li<span class=\"_ _5\"></span>ke delay<span class=\"_ _5\"></span>s and pr<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ncau<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by the v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ious p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic hea<span class=\"_ _5\"></span>lth m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd in th<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>th of t<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d res<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, a s<span class=\"_ _5\"></span>urge o<span class=\"_ _5\"></span>f inf<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d supp<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>hain b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ck<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Ru<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>a and Uk<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ine ha<span class=\"_ _5\"></span>s rein<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>ced ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g disr<span class=\"_ _5\"></span>upt<span class=\"_ _5\"></span>ion b<span class=\"_ _5\"></span>ut a<span class=\"_ _5\"></span>lso g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ed a ne<span class=\"_ _5\"></span>w wave o<span class=\"_ _5\"></span>f disruptions such<span class=\"_ _3\"></span> as internation<span class=\"_ _3\"></span>al sanctions against Russia,<span class=\"_ _3\"></span> stringent complianc<span class=\"_ _3\"></span>e issues and i<span class=\"_ _3\"></span>ncreasing ene<span class=\"_ _3\"></span>rgy prices. All t<span class=\"_ _5\"></span>his le<span class=\"_ _5\"></span>d to hi<span class=\"_ _5\"></span>gher co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for D<span class=\"_ _5\"></span>EME as h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ges a<span class=\"_ _5\"></span>nd pa<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n claus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s to cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s do n<span class=\"_ _5\"></span>ot pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>de a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t mat<span class=\"_ _5\"></span>ch and it al<span class=\"_ _5\"></span>so r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lte<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t delay<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>tiou<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The macroeconomic<span class=\"_ _3\"></span> situation howe<span class=\"_ _3\"></span>ver did<span class=\"_ _8\"></span> no<span class=\"_ _5\"></span>t ha<span class=\"_ _3\"></span>ve a major im<span class=\"_ _3\"></span>pact on negotiations of contract terms<span class=\"_ _3\"></span> or investment or financ<span class=\"_ _3\"></span>ing decisions.In ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, DEME r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>rai<span class=\"_ _5\"></span>ned f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>g dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in Rus<span class=\"_ _5\"></span>sia in 2022 and c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly ha<span class=\"_ _5\"></span>s no con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s or contractual obligations<span class=\"_ _8\"></span> related to the performance of wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has no s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re le<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t in Rus<span class=\"_ _5\"></span>sia an<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>itua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n in Ukr<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he con<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>que<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ions t<span class=\"_ _5\"></span>aken to<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>ds Rus<span class=\"_ _5\"></span>sia hav<span class=\"_ _5\"></span>e no mate<span class=\"_ _5\"></span>rial d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ct i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s act<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y or i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s finan<span class=\"_ _5\"></span>cial resul<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.For ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>cs an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r clima<span class=\"_ _5\"></span>te rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d mat<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is m<span class=\"_ _5\"></span>ade t<span class=\"_ _5\"></span>o not<span class=\"_ _5\"></span>e (<span class=\"_ _8\"></span>1) T<span class=\"_ _6\"></span>ur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver<span class=\"_ _8\"></span>, n<span class=\"_ _5\"></span>ote (5) Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>will<span class=\"_ _5\"></span>, not<span class=\"_ _5\"></span>e (6) Prope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, note (8) Inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s and as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>ote (1<span class=\"_ _8\"></span>8) Inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt an<span class=\"_ _5\"></span>d ne<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>ote (21<span class=\"_ _2\"></span>) Retirement benefit obligations.PRINCIPLES OF CONSOLIDA<span class=\"_ _6\"></span>TIONThe consolidated financial sta<span class=\"_ _5\"></span>tements incorpora<span class=\"_ _5\"></span>te the f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any (fu<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>y consolidated entities<span class=\"_ _8\"></span>).Control is<span class=\"_ _3\"></span> achieved when<span class=\"_ _8\"></span> the Company: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">ha<span class=\"_ _5\"></span>s power over the inves<span class=\"_ _5\"></span>tee;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, o<span class=\"_ _5\"></span>r has r<span class=\"_ _5\"></span>ight<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, to v<span class=\"_ _5\"></span>aria<span class=\"_ _5\"></span>ble r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>involvemen<span class=\"_ _5\"></span>t with the inves<span class=\"_ _5\"></span>tee; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">h<span class=\"_ _5\"></span>as th<span class=\"_ _5\"></span>e abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y to us<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ower t<span class=\"_ _5\"></span>o af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>.</span></span>The Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>het<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>r not i<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>ls an inves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e if f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d circu<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ces in<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re chan<span class=\"_ _5\"></span>ges t<span class=\"_ _5\"></span>o one o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e thr<span class=\"_ _5\"></span>ee el<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol liste<span class=\"_ _5\"></span>d above.Consolidation of<span class=\"_ _3\"></span> a subsidia<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>y begins when<span class=\"_ _3\"></span> the Compan<span class=\"_ _3\"></span>y obtains control o<span class=\"_ _3\"></span>ver the<span class=\"_ _3\"></span> subsidiary and ceases whenthe Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l of th<span class=\"_ _5\"></span>e sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y. Spe<span class=\"_ _5\"></span>cif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y, inco<span class=\"_ _5\"></span>me an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idiar<span class=\"_ _4\"></span>y acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d or dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d statement of income<span class=\"_ _3\"></span> and other c<span class=\"_ _3\"></span>omprehensive i<span class=\"_ _3\"></span>ncome fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>ate th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any gai<span class=\"_ _5\"></span>ns con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l unt<span class=\"_ _5\"></span>il the d<span class=\"_ _5\"></span>ate when the Com<span class=\"_ _3\"></span>pany ceases t<span class=\"_ _3\"></span>o control the<span class=\"_ _8\"></span> subsidiar<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>.Profit or loss and each com<span class=\"_ _3\"></span>ponent of other c<span class=\"_ _3\"></span>omprehensive inco<span class=\"_ _5\"></span>me ar<span class=\"_ _5\"></span>e at<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny and to the non-controlling<span class=\"_ _8\"></span> interes<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. T<span class=\"_ _6\"></span>o<span class=\"_ _5\"></span>tal comprehens<span class=\"_ _3\"></span>ive inco<span class=\"_ _5\"></span>me of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s is at<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d to the n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rol<span class=\"_ _5\"></span>ling in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, e<span class=\"_ _5\"></span>ven if t<span class=\"_ _5\"></span>his results in the non-controlling<span class=\"_ _3\"></span> interests having a deficit bal<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>. When n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sar<span class=\"_ _4\"></span>y, adjus<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade to t<span class=\"_ _5\"></span>he financial statements of subsidi<span class=\"_ _3\"></span>aries to bring<span class=\"_ _3\"></span> their accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies in<span class=\"_ _3\"></span> line with the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> accounting<span class=\"_ _8\"></span> polici<span class=\"_ _5\"></span>es.All intragroup<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s and l<span class=\"_ _3\"></span>iabilities, equity<span class=\"_ _8\"></span>, income, ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en memb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>ull in th<span class=\"_ _5\"></span>e consolidated financi<span class=\"_ _3\"></span>al statements.Chan<span class=\"_ _5\"></span>ges in t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>\u2019s own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies that d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult i<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p los<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol ove<span class=\"_ _5\"></span>r the subsidiaries are<span class=\"_ _8\"></span> accounted for as equity transactions. The car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e non-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rolling intere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s are adjus<span class=\"_ _5\"></span>ted to ref<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t the chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n thei<span class=\"_ _5\"></span>r res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iari<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Any di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t by whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e non-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rolling intere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s are adjus<span class=\"_ _5\"></span>ted and the fair val<span class=\"_ _5\"></span>ue of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>side<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d or re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and a<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>but<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. Whe<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p los<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rol o<span class=\"_ _5\"></span>f a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y, a gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in p<span class=\"_ _5\"></span>rof<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s and is c<span class=\"_ _5\"></span>alc<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en (i<span class=\"_ _5\"></span>) the a<span class=\"_ _5\"></span>ggre<span class=\"_ _5\"></span>gate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of the co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of any retained interest and (<span class=\"_ _3\"></span>ii) the<span class=\"_ _8\"></span> previous carr<span class=\"_ _5\"></span>ying amount of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill) an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e subsidiary and any<span class=\"_ _8\"></span> non<span class=\"_ _5\"></span>-controlling int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s. All amounts previously recognised in<span class=\"_ _3\"></span> other comprehen<span class=\"_ _3\"></span>sive income<span class=\"_ _3\"></span> in relation to<span class=\"_ _8\"></span> that subsidiary are accounted<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or as if t<span class=\"_ _3\"></span>he Gro<span class=\"_ _5\"></span>up had d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tly d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s or liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e subs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y (i<span class=\"_ _5\"></span>.e. r<span class=\"_ _5\"></span>ecla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss or tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gor<span class=\"_ _4\"></span>y of e<span class=\"_ _5\"></span>quit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed/permi<span class=\"_ _5\"></span>tte<span class=\"_ _5\"></span>d by applicabl<span class=\"_ _5\"></span>e IFRSs).An inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d is ini<span class=\"_ _5\"></span>tiall<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. This f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>s the i<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>ial ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e date w<span class=\"_ _5\"></span>hen co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol is l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f subsequently accounting<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or the retained<span class=\"_ _3\"></span> interest as an<span class=\"_ _3\"></span> associate, joint ve<span class=\"_ _3\"></span>nture or<span class=\"_ _3\"></span> financial asset.Associated companies <span class=\"ff61 ls3 ws3\">are tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e DEME </span>Group has s<span class=\"_ _3\"></span>ignificant influence. The sig<span class=\"_ _3\"></span>nificant influence is th<span class=\"_ _5\"></span>e pow<span class=\"_ _5\"></span>er to t<span class=\"_ _5\"></span>ake par<span class=\"_ _4\"></span>t in f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial an<span class=\"_ _5\"></span>d op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>icie<span class=\"_ _5\"></span>s of a compan<span class=\"_ _8\"></span>y without having control or<span class=\"_ _8\"></span> joint control over<span class=\"_ _3\"></span> these policies.A <span class=\"ff6a\">jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e </span><span class=\"lse ws12\">is a joi<span class=\"_ _3\"></span>nt arrangement whereb<span class=\"_ _3\"></span>y the parties </span>exerting joint control<span class=\"_ _3\"></span> over the<span class=\"_ _8\"></span> arr<span class=\"_ _5\"></span>angement h<span class=\"_ _3\"></span>ave rights to<span class=\"_ _8\"></span> the net assets of the joint a<span class=\"_ _3\"></span>rrangement. Joint control<span class=\"_ _8\"></span> is the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>lly a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ed sh<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol o<span class=\"_ _5\"></span>f an arrangement, which exists only when decisions about the<span class=\"_ _8\"></span> relevant activities require una<span class=\"_ _3\"></span>nimous c<span class=\"_ _3\"></span>onsent of the par<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s sharing control<span class=\"_ _5\"></span>.A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint ventu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ocia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e equity method in the c<span class=\"_ _3\"></span>onsolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Und<span class=\"_ _5\"></span>er the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, an inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ocia<span class=\"_ _5\"></span>te is f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed at c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d then a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>hare of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t and in t<span class=\"_ _5\"></span>he com<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>hens<span class=\"_ _5\"></span>ive income of<span class=\"_ _3\"></span> the associate or joi<span class=\"_ _3\"></span>nt ventu<span class=\"_ _3\"></span>re. When the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> shar<span class=\"_ _5\"></span>e of lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r a join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds the Group\u2019s<span class=\"_ _8\"></span> interes<span class=\"_ _5\"></span>t in<span class=\"_ _3\"></span> that associate or<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ure (whic<span class=\"_ _5\"></span>h incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s any lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>erm in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t, in s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, for<span class=\"_ _5\"></span>m pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s net i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate or joint<span class=\"_ _3\"></span> venture<span class=\"_ _8\"></span>), the Group d<span class=\"_ _3\"></span>iscontinues recognisi<span class=\"_ _3\"></span>ng its shar<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed onl<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red l<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>l or construc<span class=\"_ _5\"></span>tive obligations<span class=\"_ _8\"></span> or made payments on behalf of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure. T<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d as ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y on t<span class=\"_ _5\"></span>he ba<span class=\"_ _5\"></span>lanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt wi<span class=\"_ _5\"></span>thin n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (note (8)<span class=\"_ _3\"></span>).The proportionate consolidation method whereby<span class=\"_ _8\"></span> the Group accou<span class=\"_ _3\"></span>nts for the assets<span class=\"_ _5\"></span>, liabil<span class=\"_ _3\"></span>ities, revenues and<span class=\"_ _3\"></span> ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s acc<span class=\"_ _5\"></span>ordi<span class=\"_ _5\"></span>ng to i<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, is not a<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S but i<span class=\"_ _5\"></span>s st<span class=\"_ _5\"></span>ill ap<span class=\"_ _5\"></span>plie<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e management<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting which<span class=\"_ _3\"></span> is the basis<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting. Interests in joint<span class=\"_ _3\"></span> ventures<span class=\"_ _3\"></span> or associates are accounted<span class=\"_ _3\"></span> for from the d<span class=\"_ _3\"></span>ate when the<span class=\"_ _8\"></span> entit<span class=\"_ _5\"></span>y becomes a joint vent<span class=\"_ _8\"></span>ure or associate. At<span class=\"_ _8\"></span> the acquisition of the<span class=\"_ _3\"></span> inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, any su<span class=\"_ _5\"></span>rpl<span class=\"_ _5\"></span>us be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt and t<span class=\"_ _5\"></span>he sha<span class=\"_ _5\"></span>re in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>y is rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed as g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of the inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Any s<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>lus b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of n<span class=\"_ _5\"></span>et as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e investment after remeasurement<span class=\"_ _3\"></span> is immedi<span class=\"_ _3\"></span>ately recorded in the i<span class=\"_ _3\"></span>ncome statement du<span class=\"_ _3\"></span>ring the period of a<span class=\"_ _3\"></span>cquisition of the in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tment.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p cont<span class=\"_ _5\"></span>inue<span class=\"_ _5\"></span>s to us<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en an inves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ment i<span class=\"_ _5\"></span>n an as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te be<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>es an i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in a joint vent<span class=\"_ _8\"></span>ure or an in<span class=\"_ _3\"></span>vestment in a j<span class=\"_ _3\"></span>oint vent<span class=\"_ _3\"></span>ure becomes an in<span class=\"_ _3\"></span>vestment in an<span class=\"_ _3\"></span> associate. There is<span class=\"_ _3\"></span> no remeasurement<span class=\"_ _8\"></span> to fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e upo<span class=\"_ _5\"></span>n suc<span class=\"_ _5\"></span>h chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p red<span class=\"_ _5\"></span>uces i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in an as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e or a jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture b<span class=\"_ _5\"></span>ut t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s to us<span class=\"_ _5\"></span>e the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up re<span class=\"_ _5\"></span>clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ies t<span class=\"_ _5\"></span>o pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s the proportion of the gain<span class=\"_ _3\"></span> or loss that h<span class=\"_ _3\"></span>ad previously been recognised in other<span class=\"_ _3\"></span> comprehensive<span class=\"_ _3\"></span> income rel<span class=\"_ _3\"></span>ating to<span class=\"_ _3\"></span> that r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n in ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>f that g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s woul<span class=\"_ _5\"></span>d be r<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>ass<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n the d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the related<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s or lia<span class=\"_ _3\"></span>bilities.Whe<span class=\"_ _5\"></span>n a grou<span class=\"_ _5\"></span>p enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r a join<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e transactions with the associate or joint<span class=\"_ _3\"></span> venture<span class=\"_ _3\"></span> are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>nly t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t of in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e or jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the Group. The gross amou<span class=\"_ _3\"></span>nt on transactions with associates or jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t eli<span class=\"_ _5\"></span>minat<span class=\"_ _5\"></span>ed; o<span class=\"_ _5\"></span>nly a<span class=\"_ _5\"></span>ny gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on thes<span class=\"_ _5\"></span>e trans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tions is eliminated<span class=\"_ _5\"></span>.A <span class=\"ff6a ls33 ws3c\">joint operation </span>is a joint a<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e par<span class=\"_ _5\"></span>ties (<span class=\"_ _4\"></span>joint operators)<span class=\"_ _8\"></span> have direct rights over the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s and di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>blig<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ith r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>\u2019s liabilities. Joint<span class=\"_ _3\"></span> control is<span class=\"_ _3\"></span> the contractually ag<span class=\"_ _3\"></span>reed sharing of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol of a<span class=\"_ _5\"></span>n arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y wh<span class=\"_ _5\"></span>en decisions about the<span class=\"_ _3\"></span> relevant activities require una<span class=\"_ _3\"></span>nimous cons<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l. Wh<span class=\"_ _5\"></span>en a DEM<span class=\"_ _5\"></span>E Group entity star<span class=\"_ _5\"></span>ts ac<span class=\"_ _5\"></span>tivit<span class=\"_ _5\"></span>y in<span class=\"_ _3\"></span> a joint<span class=\"_ _3\"></span> operation, the Group recognises, in relation<span class=\"_ _3\"></span> to its interest in the<span class=\"_ _8\"></span> joint operation: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s shar<span class=\"_ _5\"></span>e of any a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld jo<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f any lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed </span></span>held jointly; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>nue f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are o<span class=\"_ _5\"></span>f the ou<span class=\"_ _5\"></span>tp<span class=\"_ _5\"></span>ut </span></span>arising from the<span class=\"_ _8\"></span> joint operation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enue f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are o<span class=\"_ _5\"></span>f the </span></span>output by the j<span class=\"_ _3\"></span>oint operation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, incl<span class=\"_ _5\"></span>udin<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>re of a<span class=\"_ _5\"></span>ny ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s </span></span>incurre<span class=\"_ _5\"></span>d jointly.The Group ac<span class=\"_ _3\"></span>counts for the assets, liabilities, revenues<span class=\"_ _3\"></span> and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ting t<span class=\"_ _5\"></span>o it<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t in a join<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n in acco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>Ss a<span class=\"_ _5\"></span>ppl<span class=\"_ _5\"></span>icab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.When a g<span class=\"_ _3\"></span>roup entity transact<span class=\"_ _5\"></span>s with a joi<span class=\"_ _3\"></span>nt operation in<span class=\"_ _3\"></span> whi<span class=\"_ _5\"></span>ch a gro<span class=\"_ _5\"></span>up ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y is a j<span class=\"_ _5\"></span>oint o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r (suc<span class=\"_ _5\"></span>h as a s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>r cont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s), the Gr<span class=\"_ _5\"></span>oup i<span class=\"_ _5\"></span>s cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o be conducting the transaction with the other par<span class=\"_ _5\"></span>ties to the joint operation, and<span class=\"_ _3\"></span> gains<span class=\"_ _3\"></span> and losses resulting from the transactions are recognised in the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f oth<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 interests in the joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>eration.When a g<span class=\"_ _3\"></span>roup entity transact<span class=\"_ _5\"></span>s with a joi<span class=\"_ _3\"></span>nt operation in whi<span class=\"_ _5\"></span>ch a gro<span class=\"_ _5\"></span>up ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y is a j<span class=\"_ _5\"></span>oint o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r (suc<span class=\"_ _5\"></span>h as a pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>e of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s), the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p doe<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he gains a<span class=\"_ _5\"></span>nd lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s unti<span class=\"_ _5\"></span>l it re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>lls th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s to a th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y.Wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up the<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct d<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ven construc<span class=\"_ _5\"></span>tion consor<span class=\"_ _5\"></span>tiums that a<span class=\"_ _3\"></span>re not struc<span class=\"_ _5\"></span>tured as a<span class=\"_ _8\"></span> sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate le<span class=\"_ _5\"></span>gal e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. They are di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>tegr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>gure<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>at is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng in th<span class=\"_ _5\"></span>e consor<span class=\"_ _5\"></span>tium. They<span class=\"_ _3\"></span> are considered<span class=\"_ _3\"></span> as joint<span class=\"_ _3\"></span> operations and thus f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow th<span class=\"_ _5\"></span>e acco<span class=\"_ _5\"></span>unti<span class=\"_ _5\"></span>ng me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>bove (integration on<span class=\"_ _8\"></span> a line-by-line basis)<span class=\"_ _8\"></span>.BUSINESS COMBINA<span class=\"_ _6\"></span>TIONS P<span class=\"_ _5\"></span>OLICYAcquisitions<span class=\"_ _3\"></span> of businesses are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the acquisition method. The<span class=\"_ _3\"></span> consideration transferred in a<span class=\"_ _8\"></span> business combination<span class=\"_ _8\"></span> is measured at fair<span class=\"_ _3\"></span> value, which<span class=\"_ _8\"></span> is cal<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ed as t<span class=\"_ _5\"></span>he su<span class=\"_ _5\"></span>m of th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>, liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>ncur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d by the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>rs o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>ree a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup in e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge f<span class=\"_ _5\"></span>or cont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>. Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>rela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are gen<span class=\"_ _5\"></span>eral<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ment a<span class=\"_ _5\"></span>s OP<span class=\"_ _5\"></span>EX expenses as<span class=\"_ _8\"></span> incurred.At<span class=\"_ _8\"></span> the acquisition date,<span class=\"_ _8\"></span> the identif<span class=\"_ _5\"></span>iable assets acquired and t<span class=\"_ _5\"></span>he liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>sume<span class=\"_ _5\"></span>d are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>eir f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e, w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xcept<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s or l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ies </span></span>rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o empl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>e ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d in acc<span class=\"_ _5\"></span>orda<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>th I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>2 income taxes and I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>9 employee b<span class=\"_ _5\"></span>enef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s respectively; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o shar<span class=\"_ _5\"></span>e-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d </span></span>payment arrangements of the<span class=\"_ _3\"></span> acquiree<span class=\"_ _3\"></span> or share-based pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup en<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o to replace sh<span class=\"_ _3\"></span>are-base<span class=\"_ _5\"></span>d payment a<span class=\"_ _3\"></span>rrangements of the acqui<span class=\"_ _5\"></span>ree a<span class=\"_ _5\"></span>re me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed in a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>danc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 2 shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _3\"></span>yment at the acq<span class=\"_ _3\"></span>uisition dat<span class=\"_ _3\"></span>e; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (or dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l grou<span class=\"_ _5\"></span>ps) that a<span class=\"_ _5\"></span>re cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or </span></span>sa<span class=\"_ _5\"></span>le in ac<span class=\"_ _5\"></span>cord<span class=\"_ _5\"></span>ance w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h IFR<span class=\"_ _5\"></span>S 5 non-current asset<span class=\"_ _5\"></span>s held for sale and d<span class=\"_ _3\"></span>iscontinued operations are m<span class=\"_ _5\"></span>easu<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n accordance wit<span class=\"_ _5\"></span>h that standar<span class=\"_ _5\"></span>d.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is ini<span class=\"_ _5\"></span>tiall<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t (b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>xces<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he aggregate of<span class=\"_ _3\"></span> the consideration<span class=\"_ _3\"></span> transferred and the amount recognised for non-controlling i<span class=\"_ _3\"></span>nterests and any previous inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t he<span class=\"_ _5\"></span>ld ove<span class=\"_ _5\"></span>r the n<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d liabilitie<span class=\"_ _5\"></span>s assum<span class=\"_ _5\"></span>ed). Af<span class=\"_ _5\"></span>ter initial reco<span class=\"_ _5\"></span>gnition<span class=\"_ _5\"></span>, goo<span class=\"_ _5\"></span>dwill is measured at c<span class=\"_ _3\"></span>ost less any accu<span class=\"_ _3\"></span>mulated i<span class=\"_ _3\"></span>mpairment losses. For t<span class=\"_ _5\"></span>he pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t tes<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng, g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span> a business combi<span class=\"_ _3\"></span>nation is, from the<span class=\"_ _8\"></span> acquisition date, allocated to eac<span class=\"_ _3\"></span>h of the<span class=\"_ _3\"></span> Group\u2019s cash-generating un<span class=\"_ _3\"></span>its that are expected to benefi<span class=\"_ _5\"></span>t from the<span class=\"_ _3\"></span> combination, i<span class=\"_ _3\"></span>rrespec<span class=\"_ _5\"></span>tive of w<span class=\"_ _5\"></span>het<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>e are<span class=\"_ _5\"></span> as<span class=\"_ _5\"></span>sign<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e uni<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>re go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l has b<span class=\"_ _5\"></span>een a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ed to a cash-generating un<span class=\"_ _3\"></span>it (C<span class=\"_ _8\"></span>GU) and part of the operation wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>hat uni<span class=\"_ _5\"></span>t is di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed of, the g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the disposed operation is i<span class=\"_ _3\"></span>ncluded in<span class=\"_ _3\"></span> the carrying amount of the operation when dete<span class=\"_ _3\"></span>rmining the<span class=\"_ _8\"></span> gain or loss on di<span class=\"_ _3\"></span>sposal. Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>ircum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es is m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d the portion of the cash-generating unit retained.Non-controlling interests that represent ownership interests and entitle their<span class=\"_ _8\"></span> hol<span class=\"_ _5\"></span>ders to a<span class=\"_ _3\"></span> propor<span class=\"_ _5\"></span>tionate sha<span class=\"_ _3\"></span>re of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>\u2019s net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n the ev<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f liqui<span class=\"_ _5\"></span>dati<span class=\"_ _5\"></span>on may b<span class=\"_ _5\"></span>e initially me<span class=\"_ _3\"></span>asured either at<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> or at the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>\u2019 proportionate share of the recognised amounts of the<span class=\"_ _3\"></span> acquiree\u2019<span class=\"_ _3\"></span>s identifiable net asset<span class=\"_ _5\"></span>s. The choice of<span class=\"_ _3\"></span> measurement basis<span class=\"_ _3\"></span> is made transac<span class=\"_ _5\"></span>tion by transaction.When the c<span class=\"_ _3\"></span>onsideration transferred by the<span class=\"_ _3\"></span> Group in a<span class=\"_ _8\"></span> business combination<span class=\"_ _8\"></span> includes asset<span class=\"_ _5\"></span>s or lia<span class=\"_ _3\"></span>bilities resulting from a<span class=\"_ _3\"></span> contingent c<span class=\"_ _3\"></span>onsideration arrangement, the contingent<span class=\"_ _8\"></span> consideration is measured at<span class=\"_ _3\"></span> its acqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s par<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e consideration transferred in a<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>usiness combin<span class=\"_ _3\"></span>ation. Changes in<span class=\"_ _8\"></span> the fair value of<span class=\"_ _3\"></span> the contingent<span class=\"_ _8\"></span> consideration that qua<span class=\"_ _3\"></span>lif<span class=\"_ _5\"></span>y as measu<span class=\"_ _3\"></span>rement period adjustments are adjus<span class=\"_ _5\"></span>ted retro<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>vely, with corre<span class=\"_ _5\"></span>spon<span class=\"_ _5\"></span>ding adjust<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s against goodwill. Measurement<span class=\"_ _3\"></span> period adjustments are adjustments that arise from additiona<span class=\"_ _3\"></span>l information obtained during<span class=\"_ _3\"></span> the \u2018measu<span class=\"_ _3\"></span>rement period\u2019 (which can<span class=\"_ _3\"></span>not exceed one y<span class=\"_ _3\"></span>ear from the<span class=\"_ _8\"></span> acquisition date<span class=\"_ _8\"></span>) about fac<span class=\"_ _5\"></span>ts and ci<span class=\"_ _5\"></span>rcum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate.The subsequent acc<span class=\"_ _3\"></span>ounting for<span class=\"_ _3\"></span> changes in<span class=\"_ _3\"></span> the fair<span class=\"_ _3\"></span> value of the conti<span class=\"_ _3\"></span>ngent consideration<span class=\"_ _3\"></span> that do<span class=\"_ _3\"></span> not qualify as measurement period adj<span class=\"_ _3\"></span>ustments depends on how the<span class=\"_ _8\"></span> contingent c<span class=\"_ _3\"></span>onsideration is c<span class=\"_ _3\"></span>lassifie<span class=\"_ _5\"></span>d. Contingent<span class=\"_ _8\"></span> consideration that<span class=\"_ _8\"></span> is classif<span class=\"_ _5\"></span>ied as an<span class=\"_ _3\"></span> asset or a liabi<span class=\"_ _3\"></span>lity is remeasured at<span class=\"_ _3\"></span> subsequent repor<span class=\"_ _5\"></span>ting dat<span class=\"_ _3\"></span>es in ac<span class=\"_ _3\"></span>cordance<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 9, or I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 37 provisions, contingent<span class=\"_ _3\"></span> liabilities<span class=\"_ _3\"></span> and contingent assets, as appropriat<span class=\"_ _3\"></span>e, with the c<span class=\"_ _3\"></span>orresponding gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.When a busi<span class=\"_ _3\"></span>ness combination<span class=\"_ _3\"></span> is achiev<span class=\"_ _3\"></span>ed in stages, the Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s prev<span class=\"_ _5\"></span>ious<span class=\"_ _5\"></span>ly h<span class=\"_ _5\"></span>eld e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>e is rem<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ured t<span class=\"_ _5\"></span>o it<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quisi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on-<span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>te fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d the res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s, i<span class=\"_ _5\"></span>f any, is reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Amounts arising from int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in t<span class=\"_ _3\"></span>he acqui<span class=\"_ _3\"></span>ree prior to the acqui<span class=\"_ _3\"></span>sition date<span class=\"_ _3\"></span> that ha<span class=\"_ _3\"></span>ve previously been<span class=\"_ _3\"></span> recognised in other c<span class=\"_ _3\"></span>omprehensive i<span class=\"_ _3\"></span>ncome are<span class=\"_ _3\"></span> reclassifie<span class=\"_ _5\"></span>d to<span class=\"_ _3\"></span> profi<span class=\"_ _5\"></span>t or loss where such<span class=\"_ _3\"></span> treatment would<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>e appropriate<span class=\"_ _3\"></span> if that inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t we<span class=\"_ _5\"></span>re dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of.If the initi<span class=\"_ _3\"></span>al accou<span class=\"_ _3\"></span>nting for a<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combin<span class=\"_ _3\"></span>ation is inco<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ete by t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ting p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e combination<span class=\"_ _3\"></span> occurs, the Group reports provisional amounts for the items<span class=\"_ _3\"></span> for which t<span class=\"_ _3\"></span>he accounti<span class=\"_ _3\"></span>ng is i<span class=\"_ _3\"></span>ncomplete. Those provisional amo<span class=\"_ _3\"></span>unts are adjusted retrospectively during the measurement<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>eriod (see above<span class=\"_ _8\"></span>), or additional<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s or liabi<span class=\"_ _3\"></span>lities are recogn<span class=\"_ _3\"></span>ised, to reflec<span class=\"_ _5\"></span>t new i<span class=\"_ _3\"></span>nformation obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s that e<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t the acqui<span class=\"_ _3\"></span>sition date<span class=\"_ _3\"></span> that, if known, would ha<span class=\"_ _8\"></span>ve af<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ted the amounts recognised at th<span class=\"_ _3\"></span>at date.A<span class=\"_ _5\"></span>s curr<span class=\"_ _5\"></span>ent I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>Ss do n<span class=\"_ _5\"></span>ot s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cif<span class=\"_ _4\"></span>y rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d measurement princ<span class=\"_ _3\"></span>iples in respect of business combinations<span class=\"_ _3\"></span> between entities under common<span class=\"_ _3\"></span> control (the<span class=\"_ _5\"></span>se ar<span class=\"_ _5\"></span>e excl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sco<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f IFR<span class=\"_ _5\"></span>S 3 busine<span class=\"_ _5\"></span>ss combinations), the<span class=\"_ _3\"></span> Group applies predecessor accou<span class=\"_ _3\"></span>nting. This m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s that t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ee are in<span class=\"_ _5\"></span>itia<span class=\"_ _5\"></span>lly r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he acquisition/<span class=\"_ _8\"></span>selling price<span class=\"_ _3\"></span> and the carrying amount of<span class=\"_ _3\"></span> the net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed/dispo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of i<span class=\"_ _5\"></span>s acco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y as a com<span class=\"_ _3\"></span>pensation to the sh<span class=\"_ _3\"></span>areholder<span class=\"_ _2\"></span>.FOREIGN C<span class=\"_ _8\"></span>URRENCIESThe Group\u2019s<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidated financ<span class=\"_ _3\"></span>ial statements are pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d in eur<span class=\"_ _5\"></span>o, whi<span class=\"_ _5\"></span>ch is al<span class=\"_ _5\"></span>so t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s fun<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y. For each e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ty, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s the f<span class=\"_ _5\"></span>unc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d ite<span class=\"_ _5\"></span>ms inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in the financial<span class=\"_ _3\"></span> statements of each entity are measu<span class=\"_ _3\"></span>red usin<span class=\"_ _5\"></span>g that f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy. The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t method of consolidation<span class=\"_ _3\"></span> and on d<span class=\"_ _3\"></span>isposal of a foreign<span class=\"_ _3\"></span> ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g this method.Financia<span class=\"_ _3\"></span>l statements of foreign entities<span class=\"_ _3\"></span> with a functional curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y n<span class=\"_ _5\"></span>ot eq<span class=\"_ _5\"></span>ual to t<span class=\"_ _5\"></span>he eur<span class=\"_ _5\"></span>o, are t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>ted as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e year-<span class=\"_ _5\"></span>end r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e aver<span class=\"_ _5\"></span>age </span></span>excha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e year<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ansl<span class=\"_ _5\"></span>ated a<span class=\"_ _5\"></span>t </span></span>histor<span class=\"_ _5\"></span>ical exchange rate<span class=\"_ _5\"></span>s.Exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>f any, are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in other comprehens<span class=\"_ _3\"></span>ive income<span class=\"_ _3\"></span> and accu<span class=\"_ _3\"></span>mulated i<span class=\"_ _3\"></span>n equity (<span class=\"_ _3\"></span>and attributed to non-controlling<span class=\"_ _3\"></span> interests as appropriate<span class=\"_ _8\"></span>).On th<span class=\"_ _5\"></span>e disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (i.<span class=\"_ _5\"></span>e. a dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sal o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up's e<span class=\"_ _5\"></span>ntir<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n a for<span class=\"_ _5\"></span>eign o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, a disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al invol<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l over a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idiar<span class=\"_ _4\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation<span class=\"_ _8\"></span>), all of the<span class=\"_ _3\"></span> exchange<span class=\"_ _3\"></span> dif<span class=\"_ _5\"></span>ferences accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d in e<span class=\"_ _5\"></span>quit<span class=\"_ _5\"></span>y in r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f tha<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mpany a<span class=\"_ _5\"></span>re rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed to p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In ca<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a sub<span class=\"_ _5\"></span>sidia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation th<span class=\"_ _3\"></span>at does not result i<span class=\"_ _3\"></span>n the Group<span class=\"_ _3\"></span> losing control ove<span class=\"_ _3\"></span>r the subsid<span class=\"_ _3\"></span>iary, t<span class=\"_ _3\"></span>he proportionate share of accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d to non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lling i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or all o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als (i<span class=\"_ _5\"></span>.e<span class=\"_ _5\"></span>. par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als of associates or joint<span class=\"_ _8\"></span> ar<span class=\"_ _5\"></span>rangements that do<span class=\"_ _3\"></span> not result in<span class=\"_ _3\"></span> the Group losing<span class=\"_ _8\"></span> signif<span class=\"_ _5\"></span>icant influence or<span class=\"_ _3\"></span> joint control)<span class=\"_ _8\"></span>, the propor<span class=\"_ _5\"></span>tionate sha<span class=\"_ _3\"></span>re of the ac<span class=\"_ _3\"></span>cumul<span class=\"_ _3\"></span>ated excha<span class=\"_ _3\"></span>nge dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ecla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Foreign cu<span class=\"_ _3\"></span>rrency transac<span class=\"_ _5\"></span>tions are ac<span class=\"_ _3\"></span>counted for<span class=\"_ _3\"></span> at exchange<span class=\"_ _3\"></span> rates prevail<span class=\"_ _3\"></span>ing at the<span class=\"_ _8\"></span> date of the transactions. Monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and li<span class=\"_ _3\"></span>abilities denom<span class=\"_ _3\"></span>inated in<span class=\"_ _8\"></span> for<span class=\"_ _5\"></span>eign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t date r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fro<span class=\"_ _5\"></span>m the s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>lem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f for<span class=\"_ _5\"></span>eign currency transac<span class=\"_ _5\"></span>tions and from the transl<span class=\"_ _3\"></span>ation of monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and l<span class=\"_ _3\"></span>iabilities denom<span class=\"_ _3\"></span>inated i<span class=\"_ _3\"></span>n foreign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>- mo<span class=\"_ _5\"></span>net<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red in t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s of his<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>st in a f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y are n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>etr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d.In no<span class=\"_ _5\"></span>te (1<span class=\"_ _2\"></span>9) a ta<span class=\"_ _5\"></span>ble w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y to EU<span class=\"_ _5\"></span>R can b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 a<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.INT<span class=\"_ _6\"></span>ANGIBLE ASSETSAcquired<span class=\"_ _3\"></span> concessions, patents, licences and<span class=\"_ _3\"></span> similar right<span class=\"_ _5\"></span>sThes<span class=\"_ _5\"></span>e intangible<span class=\"_ _5\"></span>s, that are sep<span class=\"_ _5\"></span>arately acquire<span class=\"_ _5\"></span>d and that have a f<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe, a<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losses<span class=\"_ _5\"></span>. Amor<span class=\"_ _5\"></span>tisation is recognised on<span class=\"_ _3\"></span> a straight line<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>asis ove<span class=\"_ _3\"></span>r their es<span class=\"_ _5\"></span>timated us<span class=\"_ _5\"></span>eful li<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. These int<span class=\"_ _5\"></span>angible<span class=\"_ _5\"></span>s mainly relate to the a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span> that i<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d over th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>ic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>time o<span class=\"_ _5\"></span>f 10 years<span class=\"_ _5\"></span>.Cost<span class=\"_ _5\"></span>s for configuring<span class=\"_ _3\"></span> or customising<span class=\"_ _3\"></span> a supplier\u2019s<span class=\"_ _3\"></span> application so<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>e in a S<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>re as a S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice (S<span class=\"_ _5\"></span>aa<span class=\"_ _5\"></span>S) arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is<span class=\"_ _5\"></span> det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as a se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopmentEx<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>n re<span class=\"_ _5\"></span>sea<span class=\"_ _5\"></span>rch ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt as an O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e as in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>.An internal<span class=\"_ _3\"></span>ly-generated intangible asset arising from<span class=\"_ _3\"></span> development (<span class=\"_ _8\"></span>or from the dev<span class=\"_ _3\"></span>elopment phase of<span class=\"_ _3\"></span> an inte<span class=\"_ _5\"></span>rnal p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d if, and onl<span class=\"_ _5\"></span>y if, all of t<span class=\"_ _5\"></span>he follow<span class=\"_ _5\"></span>ing have been demo<span class=\"_ _5\"></span>nstr<span class=\"_ _5\"></span>ated: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e technical fe<span class=\"_ _5\"></span>asibilit<span class=\"_ _5\"></span>y of comple<span class=\"_ _5\"></span>ting the int<span class=\"_ _5\"></span>angible </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t so t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>t will b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilabl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use o<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the intention to<span class=\"_ _3\"></span> complete the<span class=\"_ _3\"></span> intangible asset and u<span class=\"_ _3\"></span>se </span></span>or s<span class=\"_ _5\"></span>ell it<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>r sel<span class=\"_ _5\"></span>l the in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">how the intangible asset will<span class=\"_ _3\"></span> generate probable<span class=\"_ _3\"></span> future </span></span>economic benefit<span class=\"_ _5\"></span>s; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e availabilit<span class=\"_ _5\"></span>y of adequate te<span class=\"_ _5\"></span>chnical, f<span class=\"_ _5\"></span>inancial and </span></span>oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and to use o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to r<span class=\"_ _5\"></span>eliab<span class=\"_ _5\"></span>ly m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture </span></span>at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t duri<span class=\"_ _5\"></span>ng it<span class=\"_ _5\"></span>s development.The amount init<span class=\"_ _5\"></span>ially reco<span class=\"_ _5\"></span>gnised f<span class=\"_ _5\"></span>or internall<span class=\"_ _5\"></span>y-ge<span class=\"_ _5\"></span>nerate<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is t<span class=\"_ _5\"></span>he su<span class=\"_ _5\"></span>m of th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ture in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>hen th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ible a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t me<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e recogni<span class=\"_ _5\"></span>tion cr<span class=\"_ _5\"></span>iteria lis<span class=\"_ _5\"></span>ted above<span class=\"_ _5\"></span>. Where no internall<span class=\"_ _5\"></span>y- gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ca<span class=\"_ _5\"></span>n be re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s in the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod i<span class=\"_ _5\"></span>n whi<span class=\"_ _5\"></span>ch it i<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d.Subs<span class=\"_ _5\"></span>equent to initial re<span class=\"_ _5\"></span>cognit<span class=\"_ _5\"></span>ion, inter<span class=\"_ _5\"></span>nally-<span class=\"_ _5\"></span>gener<span class=\"_ _5\"></span>ated int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed at c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ss a<span class=\"_ _5\"></span>ccumul<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losse<span class=\"_ _5\"></span>s, on the sa<span class=\"_ _5\"></span>me ba<span class=\"_ _5\"></span>sis a<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at are a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed separately.<span class=\"_ _8\"></span> Impairment testing is done d<span class=\"_ _3\"></span>uring the development at<span class=\"_ _8\"></span> each closing period.In the segment<span class=\"_ _3\"></span> Concessions, some development<span class=\"_ _3\"></span> expense<span class=\"_ _5\"></span>s are c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes D<span class=\"_ _5\"></span>EME Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as in t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f that i<span class=\"_ _5\"></span>s ful<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ated<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r each p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, ini<span class=\"_ _5\"></span>tial rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on has t<span class=\"_ _5\"></span>o be ap<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ved by t<span class=\"_ _5\"></span>he Aud<span class=\"_ _5\"></span>it Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tte<span class=\"_ _5\"></span>e and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt tes<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing is d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>uss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in the m<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ting o<span class=\"_ _5\"></span>n a semi-annual b<span class=\"_ _5\"></span>asis.Exploration for and evaluation<span class=\"_ _8\"></span> of mineral resourcesIn th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEME e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incurred for the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xploration and evalu<span class=\"_ _3\"></span>ation of mi<span class=\"_ _3\"></span>neral res<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rces o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d since t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnit<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia are not met.GOODWILLGoodw<span class=\"_ _5\"></span>ill a<span class=\"_ _3\"></span>rising from a<span class=\"_ _3\"></span> business combination<span class=\"_ _8\"></span> is recognised as an asset on the<span class=\"_ _8\"></span> date on which c<span class=\"_ _3\"></span>ontrol was obtained (<span class=\"_ _8\"></span>the acquisition d<span class=\"_ _3\"></span>ate<span class=\"_ _3\"></span>). Goodwill is measu<span class=\"_ _3\"></span>red at cost being<span class=\"_ _3\"></span> the excess of the<span class=\"_ _3\"></span> consideration transferred, the non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e acq<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span> st<span class=\"_ _5\"></span>ake alr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>y ow<span class=\"_ _5\"></span>ned b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny (if an<span class=\"_ _5\"></span>y) over th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d and lia<span class=\"_ _3\"></span>bilities assumed on the<span class=\"_ _8\"></span> acquisition date.Non-controlling interests are initial<span class=\"_ _3\"></span>ly measured either<span class=\"_ _8\"></span> at fair value,<span class=\"_ _3\"></span> or at the<span class=\"_ _8\"></span> non<span class=\"_ _5\"></span>-controlling inte<span class=\"_ _3\"></span>rest<span class=\"_ _5\"></span>s\u2019 share of the<span class=\"_ _3\"></span> acqui<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>\u2019s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d id<span class=\"_ _5\"></span>enti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s of measurement is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>elected transac<span class=\"_ _5\"></span>tion by transaction.If<span class=\"_ _3\"></span>, after reassessment<span class=\"_ _5\"></span>, the net bal<span class=\"_ _3\"></span>ance, at<span class=\"_ _3\"></span> the acqui<span class=\"_ _3\"></span>sition date, of<span class=\"_ _3\"></span> identifiable asset<span class=\"_ _5\"></span>s acquired<span class=\"_ _8\"></span> and liabilities assumed is hig<span class=\"_ _3\"></span>her than<span class=\"_ _3\"></span> the sum<span class=\"_ _3\"></span> of the conside<span class=\"_ _3\"></span>ration transferred, non-<span class=\"_ _5\"></span>controlling i<span class=\"_ _3\"></span>nterests in the acqu<span class=\"_ _3\"></span>iree and the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ake in the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ee p<span class=\"_ _5\"></span>rev<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>sly own<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup (<span class=\"_ _5\"></span>if any), t<span class=\"_ _5\"></span>he sur<span class=\"_ _5\"></span>plu<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely i<span class=\"_ _5\"></span>n the in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ment a<span class=\"_ _5\"></span>s a gain f<span class=\"_ _5\"></span>rom a bargain purchas<span class=\"_ _5\"></span>e.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is no<span class=\"_ _5\"></span>t amor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d but i<span class=\"_ _5\"></span>s subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt tes<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>ce annua<span class=\"_ _5\"></span>lly o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>entl<span class=\"_ _5\"></span>y if t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is an ind<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n that t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ash<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>gene<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing un<span class=\"_ _5\"></span>it to w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h it is allo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>ould h<span class=\"_ _5\"></span>ave su<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>red a l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s of v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ss accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, if a<span class=\"_ _5\"></span>ny. Impair<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of goo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill i<span class=\"_ _5\"></span>s not r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ods<span class=\"_ _5\"></span>.If th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol ove<span class=\"_ _5\"></span>r a sub<span class=\"_ _5\"></span>sidia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, it dere<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>es the relate<span class=\"_ _5\"></span>d asse<span class=\"_ _5\"></span>ts (inclu<span class=\"_ _5\"></span>ding good<span class=\"_ _5\"></span>will), liabili<span class=\"_ _5\"></span>ties<span class=\"_ _5\"></span>, non-controlling<span class=\"_ _3\"></span> interest and other<span class=\"_ _3\"></span> components of equity<span class=\"_ _8\"></span>, while any re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>t gain o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d is re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>.PROPERT<span class=\"_ _5\"></span>Y<span class=\"_ _2\"></span>, PL<span class=\"_ _5\"></span>ANT AND EQUIPMENTProper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> are measured<span class=\"_ _3\"></span> at historical cost<span class=\"_ _5\"></span>, less accu<span class=\"_ _3\"></span>mulated de<span class=\"_ _3\"></span>preciation and<span class=\"_ _3\"></span> impairment los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Hi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>cal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s all di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and al<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ture in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed to b<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t to it<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion an<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell as f<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>nten<span class=\"_ _5\"></span>ded u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. His<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>des t<span class=\"_ _5\"></span>he or<span class=\"_ _5\"></span>igi<span class=\"_ _5\"></span>nal pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se pr<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>, borrowing cost<span class=\"_ _5\"></span>s incu<span class=\"_ _3\"></span>rred during the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion period, and r<span class=\"_ _5\"></span>elate<span class=\"_ _5\"></span>d dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Ma<span class=\"_ _5\"></span>in dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re equipment c<span class=\"_ _3\"></span>onsists of components with dif<span class=\"_ _5\"></span>ferent useful live<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are a<span class=\"_ _5\"></span>ccoun<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>s sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate i<span class=\"_ _5\"></span>tems<span class=\"_ _5\"></span>.Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019s carr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amount or<span class=\"_ _3\"></span> recognised as a<span class=\"_ _3\"></span> separate asset<span class=\"_ _5\"></span>, as appropriat<span class=\"_ _3\"></span>e, onl<span class=\"_ _5\"></span>y whe<span class=\"_ _5\"></span>n it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le tha<span class=\"_ _5\"></span>t fu<span class=\"_ _5\"></span>ture e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>omi<span class=\"_ _5\"></span>c ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he i<span class=\"_ _5\"></span>tem wi<span class=\"_ _5\"></span>ll f<span class=\"_ _5\"></span>low to t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>tem c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y. The car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing amou<span class=\"_ _5\"></span>nt of t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ced p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t is d<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The w<span class=\"_ _5\"></span>ear and te<span class=\"_ _5\"></span>ar of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is high<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>t on project<span class=\"_ _8\"></span>-sp<span class=\"_ _5\"></span>ecific combinations of<span class=\"_ _3\"></span> soil conditions, materia<span class=\"_ _3\"></span>l to be p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e circu<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, an<span class=\"_ _5\"></span>d the intensity of the de<span class=\"_ _3\"></span>ployment of the<span class=\"_ _3\"></span> equipment (<span class=\"_ _8\"></span>fac<span class=\"_ _5\"></span>tors that a<span class=\"_ _5\"></span>re di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>icul<span class=\"_ _5\"></span>t to pr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t). Du<span class=\"_ _5\"></span>e to the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e err<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>c and time-<span class=\"_ _5\"></span>indep<span class=\"_ _5\"></span>endent pa<span class=\"_ _5\"></span>tter<span class=\"_ _5\"></span>ns, the main<span class=\"_ _5\"></span>tenance and repair cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r upkee<span class=\"_ _5\"></span>p of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e vessel a<span class=\"_ _3\"></span>re pr<span class=\"_ _3\"></span>edomin<span class=\"_ _8\"></span>antly expensed.Dr<span class=\"_ _5\"></span>y-docking cost<span class=\"_ _5\"></span>s of main<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>duction equipment (<span class=\"_ _8\"></span>major rep<span class=\"_ _5\"></span>air co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts) are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wh<span class=\"_ _5\"></span>en incu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d depr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>he pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d un<span class=\"_ _5\"></span>til the next dr<span class=\"_ _5\"></span>y-docking.Depreciation is c<span class=\"_ _3\"></span>harged to<span class=\"_ _3\"></span> the income<span class=\"_ _3\"></span> statement on a st<span class=\"_ _5\"></span>rai<span class=\"_ _5\"></span>ght li<span class=\"_ _5\"></span>ne ba<span class=\"_ _5\"></span>sis ov<span class=\"_ _5\"></span>er the u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>l live<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g into a<span class=\"_ _5\"></span>ccoun<span class=\"_ _5\"></span>t an es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sidua<span class=\"_ _5\"></span>l valu<span class=\"_ _5\"></span>e. L<span class=\"_ _5\"></span>and i<span class=\"_ _5\"></span>s not d<span class=\"_ _5\"></span>epr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d as it is de<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>d to have a<span class=\"_ _5\"></span>n inf<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te li<span class=\"_ _5\"></span>fe, e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t for l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ills us<span class=\"_ _5\"></span>ed for sand production that are<span class=\"_ _8\"></span> depreciated according t<span class=\"_ _3\"></span>o the tonn<span class=\"_ _5\"></span>es e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d. Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e depr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d over 25 yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. The depreciation<span class=\"_ _3\"></span> periods of the floating and other<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion m<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>ials r<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 3 yea<span class=\"_ _5\"></span>rs (s<span class=\"_ _5\"></span>uch as f<span class=\"_ _5\"></span>or pip<span class=\"_ _5\"></span>elin<span class=\"_ _5\"></span>es) to 21 years<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>inc<span class=\"_ _5\"></span>ipal c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt of t<span class=\"_ _5\"></span>rail<span class=\"_ _5\"></span>ing suction hopper dredgers and cutter suction dredgers is<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r new ho<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>er dre<span class=\"_ _5\"></span>dger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cu<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>er suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cab<span class=\"_ _5\"></span>le lay ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and DP3 of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e cr<span class=\"_ _5\"></span>ane ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s in pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>ince 201<span class=\"_ _8\"></span>9, t<span class=\"_ _5\"></span>he pri<span class=\"_ _5\"></span>ncip<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>nen<span class=\"_ _5\"></span>t is dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciate<span class=\"_ _5\"></span>d ove<span class=\"_ _5\"></span>r a per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of 20 year<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d a se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent is a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er a pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od of 10 years<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or maj<span class=\"_ _5\"></span>or jac<span class=\"_ _5\"></span>k-up ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls thi<span class=\"_ _5\"></span>s dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on rule was alre<span class=\"_ _3\"></span>ady applicable. The<span class=\"_ _3\"></span> principal com<span class=\"_ _3\"></span>ponent mainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e hull an<span class=\"_ _5\"></span>d mach<span class=\"_ _5\"></span>iner<span class=\"_ _4\"></span>y and t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>nd comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of a v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sel f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he lif<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>an is s<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>ter t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nomi<span class=\"_ _5\"></span>c lif<span class=\"_ _5\"></span>e c<span class=\"_ _5\"></span>ycle o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l. Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>ture an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>epre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 3 an<span class=\"_ _5\"></span>d 1<span class=\"_ _3\"></span>0 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.For al<span class=\"_ _5\"></span>l equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt wi<span class=\"_ _5\"></span>th a r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>, this a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t has be<span class=\"_ _5\"></span>en es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d as 1<span class=\"_ _3\"></span>% of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t valu<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 201<span class=\"_ _8\"></span>9 onwa<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E wil<span class=\"_ _5\"></span>l app<span class=\"_ _5\"></span>ly thi<span class=\"_ _5\"></span>s 1<span class=\"_ _8\"></span>% r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue f<span class=\"_ _5\"></span>or ol<span class=\"_ _5\"></span>der ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls as a<span class=\"_ _5\"></span>n ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ra ye<span class=\"_ _5\"></span>ar of de<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n beyo<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. Me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ds fo<span class=\"_ _5\"></span>r dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, use<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e and r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>re rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of ea<span class=\"_ _5\"></span>ch f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar and a<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ded if nec<span class=\"_ _3\"></span>essar<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>.Proper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> under construction are incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lmen<span class=\"_ _5\"></span>ts p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d and th<span class=\"_ _5\"></span>e capitalised interests during the construction period.Gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>als ar<span class=\"_ _5\"></span>e det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al p<span class=\"_ _5\"></span>roc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ds wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing amount and<span class=\"_ _8\"></span> are recognised within other operating i<span class=\"_ _3\"></span>ncome or other operating<span class=\"_ _3\"></span> expense<span class=\"_ _5\"></span>s.THE GROU<span class=\"_ _5\"></span>P AS L<span class=\"_ _5\"></span>ESSEE, R<span class=\"_ _5\"></span>IGHT<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>OF-<span class=\"_ _5\"></span>USE AS<span class=\"_ _5\"></span>SETS AND LEA<span class=\"_ _5\"></span>SE LIABILITIE<span class=\"_ _5\"></span>SThe Grou<span class=\"_ _3\"></span>p as<span class=\"_ _3\"></span> lesseeThe Group assesses at contract inception whether a<span class=\"_ _8\"></span> contract is, or contains, a le<span class=\"_ _3\"></span>ase. That is, if the<span class=\"_ _3\"></span> contract conve<span class=\"_ _5\"></span>ys th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>ght to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>e of an i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et for a period of ti<span class=\"_ _3\"></span>me in ex<span class=\"_ _8\"></span>change for consideration.The Group appl<span class=\"_ _3\"></span>ies a sing<span class=\"_ _3\"></span>le recognition a<span class=\"_ _3\"></span>nd measurement<span class=\"_ _3\"></span> app<span class=\"_ _5\"></span>roa<span class=\"_ _5\"></span>ch fo<span class=\"_ _5\"></span>r all le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt f<span class=\"_ _5\"></span>or sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es (<span class=\"_ _5\"></span>les<span class=\"_ _5\"></span>s than o<span class=\"_ _5\"></span>ne yea<span class=\"_ _5\"></span>r) and le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-va<span class=\"_ _5\"></span>lue as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _8\"></span>-use assets and lease<span class=\"_ _8\"></span> liabilities A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to us<span class=\"_ _5\"></span>e the un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>ing leased asset<span class=\"_ _5\"></span>, are capitalised as<span class=\"_ _3\"></span> right<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>of-use assets atcost<span class=\"_ _5\"></span>, comprising<span class=\"_ _8\"></span> the amount of the<span class=\"_ _3\"></span> initial measu<span class=\"_ _3\"></span>rement of lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, any leas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts m<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>t or be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e comm<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t date l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s any le<span class=\"_ _5\"></span>ase i<span class=\"_ _5\"></span>ncen<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d, any ini<span class=\"_ _5\"></span>tial d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ct c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he corresponding lease lia<span class=\"_ _3\"></span>bilities, representing the net<span class=\"_ _3\"></span> pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to be m<span class=\"_ _5\"></span>ade ov<span class=\"_ _5\"></span>er the lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>, are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm or c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies d<span class=\"_ _5\"></span>epe<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g on th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e due. The l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are di<span class=\"_ _5\"></span>sco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e les<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>\u2019s incremental borrowing rat<span class=\"_ _3\"></span>e. The lease payments incl<span class=\"_ _3\"></span>ude fi<span class=\"_ _5\"></span>xed p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding in<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed p<span class=\"_ _5\"></span>ayme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s) less any<span class=\"_ _3\"></span> lease incentiv<span class=\"_ _3\"></span>es receivable, va<span class=\"_ _3\"></span>riable leasepay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>hat d<span class=\"_ _5\"></span>epe<span class=\"_ _5\"></span>nd on an i<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>x or a r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, and am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e p<span class=\"_ _5\"></span>aid un<span class=\"_ _5\"></span>der re<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>dual va<span class=\"_ _5\"></span>lue gu<span class=\"_ _5\"></span>aran<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The leas<span class=\"_ _5\"></span>e liabilitie<span class=\"_ _5\"></span>s are included in inter<span class=\"_ _5\"></span>est<span class=\"_ _3\"></span>-bea<span class=\"_ _5\"></span>ring debt<span class=\"_ _5\"></span>. Lea<span class=\"_ _5\"></span>se in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t is cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt as an inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e. L<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d, us<span class=\"_ _5\"></span>ing straight line de<span class=\"_ _3\"></span>preciation ove<span class=\"_ _3\"></span>r the shorter of the<span class=\"_ _3\"></span> lease ter<span class=\"_ _5\"></span>m and th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, incl<span class=\"_ _5\"></span>udin<span class=\"_ _5\"></span>g the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod o<span class=\"_ _5\"></span>f ren<span class=\"_ _5\"></span>ewa<span class=\"_ _5\"></span>ble o<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e it i<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>y cer<span class=\"_ _4\"></span>tain t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he op<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wil<span class=\"_ _5\"></span>l be e<span class=\"_ _5\"></span>xercis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d. When there<span class=\"_ _3\"></span> is reasonable ce<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>tainty that ownership<span class=\"_ _3\"></span> will be ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e ter<span class=\"_ _5\"></span>m, t<span class=\"_ _5\"></span>he depreciation policy for the<span class=\"_ _8\"></span> leas<span class=\"_ _5\"></span>ed asset is consistent<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>th tha<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r depr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d. How<span class=\"_ _5\"></span>ever, when th<span class=\"_ _5\"></span>ere is n<span class=\"_ _5\"></span>o rea<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e cer<span class=\"_ _4\"></span>tain<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y that own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>, the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>s depr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se ter<span class=\"_ _5\"></span>m and i<span class=\"_ _5\"></span>ts e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t.INVENTORIESInven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>t the l<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r of co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t realisable va<span class=\"_ _3\"></span>lue.The w<span class=\"_ _5\"></span>eigh<span class=\"_ _5\"></span>ted ave<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge co<span class=\"_ _5\"></span>st m<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>od i<span class=\"_ _5\"></span>s use<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>alcu<span class=\"_ _5\"></span>late the co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r raw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>as th<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t of consumables i<span class=\"_ _3\"></span>s determined us<span class=\"_ _3\"></span>ing the F<span class=\"_ _3\"></span>IFO method.Ne<span class=\"_ _5\"></span>t real<span class=\"_ _5\"></span>isa<span class=\"_ _5\"></span>ble v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>ell<span class=\"_ _5\"></span>ing pr<span class=\"_ _5\"></span>ice i<span class=\"_ _5\"></span>n the ordi<span class=\"_ _5\"></span>nar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o make the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e.When in<span class=\"_ _3\"></span>ventories are sold, the<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ying amount<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f those inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies s<span class=\"_ _5\"></span>hall b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>n ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>ted r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of any wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>e dow<span class=\"_ _5\"></span>n of inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s to ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d all lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s of inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s shal<span class=\"_ _5\"></span>l be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e in the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d the w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>te do<span class=\"_ _5\"></span>wn or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s oc<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>s.The a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of any r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al of a<span class=\"_ _5\"></span>ny wr<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>own o<span class=\"_ _5\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, ar<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ne<span class=\"_ _5\"></span>t real<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>able valu<span class=\"_ _5\"></span>e, sh<span class=\"_ _5\"></span>all be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion in t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as an e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>ccur<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.CONTR<span class=\"_ _5\"></span>ACT AS<span class=\"_ _5\"></span>SETS A<span class=\"_ _5\"></span>ND CONTR<span class=\"_ _5\"></span>ACT LIABILITIESContract assets<span class=\"ff61 ls3 ws3\"> concer<span class=\"_ _5\"></span>n the gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>unt ye<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e </span>char<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to be r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s for contractual work performed up to the<span class=\"_ _8\"></span> rep<span class=\"_ _5\"></span>orting date (her<span class=\"_ _5\"></span>eina<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>: \u201c<span class=\"_ _5\"></span>wo<span class=\"_ _5\"></span>rk in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u201d) an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>end<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d.Work in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s is v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he sum o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t pr<span class=\"_ _5\"></span>ice o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>ork p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d, pl<span class=\"_ _5\"></span>us a pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s upon completion of<span class=\"_ _3\"></span> the project in proportion to the pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss m<span class=\"_ _5\"></span>ade an<span class=\"_ _5\"></span>d le<span class=\"_ _5\"></span>ss p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss bi<span class=\"_ _5\"></span>lling<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd le<span class=\"_ _5\"></span>ss p<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>enti<span class=\"_ _5\"></span>al provisions for losses. <span class=\"ff6a ls1d ws27\">Provisions</span><span class=\"ls85 ws3\"> are reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d <span class=\"ff6a ls3\">for </span></span>expected losses<span class=\"ff61 ls85 ws3\"> on work i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss a<span class=\"_ _5\"></span>s so<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e </span>anti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d and i<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>, any pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>lrea<span class=\"_ _5\"></span>dy rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d are r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g as th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>s not<span class=\"_ _5\"></span> st<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>umpt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s re e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k are<span class=\"_ _5\"></span> not f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>al ye<span class=\"_ _5\"></span>t (hen<span class=\"_ _5\"></span>ce a lo<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on is dif<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>icul<span class=\"_ _5\"></span>t to me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>e reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y), no lo<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion is a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d for, unles<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>re is a ce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in even<span class=\"_ _5\"></span>t suppor<span class=\"_ _5\"></span>ting the<span class=\"_ _3\"></span> provision. A loss to c<span class=\"_ _3\"></span>ompletion provision i<span class=\"_ _3\"></span>s accounted<span class=\"_ _3\"></span> for <span class=\"ff6a lsf ws3e\">as a c<span class=\"_ _3\"></span>ontrac<span class=\"_ _5\"></span>t liability<span class=\"ff61 ls3 ws13\">.<span class=\"_ _3\"></span> Revenues for </span></span>addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal w<span class=\"_ _5\"></span>ork a<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>aims ar<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e over<span class=\"_ _5\"></span>all contract revenues if the<span class=\"_ _8\"></span> client has formally ac<span class=\"_ _3\"></span>cepted the sum invo<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>ed. T<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t pri<span class=\"_ _5\"></span>ce inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cons<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of p<span class=\"_ _5\"></span>ayro<span class=\"_ _5\"></span>ll co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mat<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>als<span class=\"_ _5\"></span>, cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of<span class=\"_ _5\"></span> subcontr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ted work<span class=\"_ _5\"></span>, rental char<span class=\"_ _5\"></span>ges and maintenance cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l ra<span class=\"_ _5\"></span>tes us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d are b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d aver<span class=\"_ _5\"></span>age ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span> occu<span class=\"_ _5\"></span>pat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n the l<span class=\"_ _5\"></span>ong r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>. The p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gres<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f a proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t is<span class=\"_ _5\"></span> mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he ra<span class=\"_ _5\"></span>tio o<span class=\"_ _5\"></span>f the b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d in re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on to t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>tal e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ce of the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t as a w<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>e. Pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed unl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s a reli<span class=\"_ _5\"></span>able e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t can b<span class=\"_ _5\"></span>e mad<span class=\"_ _5\"></span>e. DEME c<span class=\"_ _5\"></span>onsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at no s<span class=\"_ _5\"></span>uch re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e made as long<span class=\"_ _8\"></span> as the percentage of completion<span class=\"_ _3\"></span> remains bel<span class=\"_ _5\"></span>ow 10% of th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t pr<span class=\"_ _5\"></span>ice o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t or if t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd fa<span class=\"_ _5\"></span>rm foundation projects has not yet<span class=\"_ _3\"></span> been mobilised. The bal<span class=\"_ _5\"></span>ance o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>eter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed p<span class=\"_ _5\"></span>er project<span class=\"_ _5\"></span>. For proj<span class=\"_ _3\"></span>ect<span class=\"_ _5\"></span>s where the progress bil<span class=\"_ _3\"></span>lings a<span class=\"_ _3\"></span>nd adv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of wo<span class=\"_ _5\"></span>rk in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, the b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der <span class=\"ff6a lsf ws3e\">contr<span class=\"_ _5\"></span>act liabilities</span><span class=\"ls7c ws16\"> ins<span class=\"_ _5\"></span>tead </span>of un<span class=\"_ _5\"></span>der co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. <span class=\"ff6a ls37 ws83\">Advances</span><span class=\"ls3 ws13\"> are amounts receive<span class=\"_ _5\"></span>d </span>by the Grou<span class=\"_ _3\"></span>p (<span class=\"_ _3\"></span>no significant financing<span class=\"_ _8\"></span> component) before the related<span class=\"_ _3\"></span> work is performed<span class=\"_ _5\"></span>. The Group<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sents those separately from other contract lia<span class=\"_ _3\"></span>bilities.TR<span class=\"_ _5\"></span>ADE A<span class=\"_ _5\"></span>ND OTHER RECEIV<span class=\"_ _2\"></span>ABLE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>her r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s are s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d init<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tly a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ssaccum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f IFR<span class=\"_ _5\"></span>S 9 and t<span class=\"_ _5\"></span>he app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cre<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del<span class=\"_ _5\"></span>, ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is m<span class=\"_ _5\"></span>ade t<span class=\"_ _5\"></span>o not<span class=\"_ _5\"></span>e (<span class=\"_ _8\"></span>19<span class=\"_ _3\"></span>) of th<span class=\"_ _5\"></span>is rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t wh<span class=\"_ _5\"></span>ere we elab<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t and c<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed cos<span class=\"_ _5\"></span>t is determine<span class=\"_ _5\"></span>d using the ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tive intere<span class=\"_ _5\"></span>st ra<span class=\"_ _5\"></span>te.AS<span class=\"_ _5\"></span>SETS HELD FO<span class=\"_ _5\"></span>R SALE AN<span class=\"_ _5\"></span>D DISCONTINUED<span class=\"_ _3\"></span> OPERA<span class=\"_ _2\"></span>TIONSThe Group cl<span class=\"_ _3\"></span>assif<span class=\"_ _5\"></span>ies non-current asset<span class=\"_ _5\"></span>s and d<span class=\"_ _3\"></span>isposal grou<span class=\"_ _5\"></span>ps as <span class=\"ff6a\">h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e </span>if th<span class=\"_ _5\"></span>eir c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yin<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>ll be rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed pr<span class=\"_ _5\"></span>inc<span class=\"_ _5\"></span>ipal<span class=\"_ _5\"></span>ly th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh a sa<span class=\"_ _5\"></span>le tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion r<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>er than t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh con<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>uing us<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le are m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d at the l<span class=\"_ _5\"></span>ower o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t and f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s to se<span class=\"_ _5\"></span>ll. C<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to se<span class=\"_ _5\"></span>ll are t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ly at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l of an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et (disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup), exclu<span class=\"_ _5\"></span>ding f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nance c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e.The c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>teri<span class=\"_ _5\"></span>a for h<span class=\"_ _5\"></span>eld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale c<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tion i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>gard<span class=\"_ _5\"></span>ed as met o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>ale i<span class=\"_ _5\"></span>s high<span class=\"_ _5\"></span>ly pr<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e, and t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et or disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup is a<span class=\"_ _5\"></span>vaila<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or imm<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>ale in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s present condition. Actions required<span class=\"_ _3\"></span> to complete<span class=\"_ _3\"></span> the sale sho<span class=\"_ _5\"></span>uld in<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ate th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s unlikel<span class=\"_ _5\"></span>y tha<span class=\"_ _5\"></span>t sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es to the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e wil<span class=\"_ _5\"></span>l be ma<span class=\"_ _5\"></span>de or t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>cisi<span class=\"_ _5\"></span>on to s<span class=\"_ _5\"></span>ell w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>thdr<span class=\"_ _5\"></span>awn<span class=\"_ _5\"></span>. Man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t mus<span class=\"_ _5\"></span>t be co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>an to se<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t and th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ale e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to be c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ed within one y<span class=\"_ _3\"></span>ear from the<span class=\"_ _3\"></span> date of<span class=\"_ _3\"></span> the classification.Proper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> and intangi<span class=\"_ _3\"></span>ble asset<span class=\"_ _5\"></span>s are not depreciated or<span class=\"_ _3\"></span> amortis<span class=\"_ _5\"></span>ed once cl<span class=\"_ _3\"></span>assifie<span class=\"_ _5\"></span>d as held<span class=\"_ _3\"></span> for sale.A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ied a<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d for s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e are pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>atel<span class=\"_ _5\"></span>y as cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt i<span class=\"_ _5\"></span>tems in t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f financial p<span class=\"_ _5\"></span>ositio<span class=\"_ _5\"></span>n.Discontinued operations <span class=\"ff61 ls3 ws3\">are exc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f </span>continuing<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations and a<span class=\"_ _3\"></span>re presented as a<span class=\"_ _8\"></span> single amount as<span class=\"_ _3\"></span> profit or loss af<span class=\"_ _5\"></span>ter tax from discontin<span class=\"_ _3\"></span>ued operations in the<span class=\"_ _3\"></span> statement of income.<span class=\"_ _3\"></span> All notes to<span class=\"_ _8\"></span> the financial statements include<span class=\"_ _3\"></span> amounts for contin<span class=\"_ _3\"></span>uing operations, unless indicated otherwise.CA<span class=\"_ _5\"></span>SH A<span class=\"_ _5\"></span>ND CA<span class=\"_ _5\"></span>SH EQUIV<span class=\"_ _8\"></span>ALENT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>nsis<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f cas<span class=\"_ _5\"></span>h in han<span class=\"_ _5\"></span>d and o<span class=\"_ _5\"></span>n ban<span class=\"_ _5\"></span>k acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-te<span class=\"_ _5\"></span>rm inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th an in<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>al ter<span class=\"_ _5\"></span>m of le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>ree m<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>hs<span class=\"_ _5\"></span>. Ca<span class=\"_ _5\"></span>sh, c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s and sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et at nomina<span class=\"_ _3\"></span>l value.IMP<span class=\"_ _8\"></span>AIRMENT T<span class=\"_ _2\"></span>ANGIBL<span class=\"_ _5\"></span>E AND INT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>NGIBLE ASSET<span class=\"_ _5\"></span>S INCL<span class=\"_ _3\"></span>UDING GOODWILLAt the end o<span class=\"_ _5\"></span>f eac<span class=\"_ _5\"></span>h rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up rev<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>ws th<span class=\"_ _5\"></span>e carr<span class=\"_ _5\"></span>ying amounts of its propert<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, plant<span class=\"_ _3\"></span> and equipme<span class=\"_ _3\"></span>nt and right<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>of-use assets and intangible<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s to determi<span class=\"_ _3\"></span>ne whether there is<span class=\"_ _3\"></span> any i<span class=\"_ _3\"></span>ndication of i<span class=\"_ _3\"></span>mpairment. If such indi<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ion e<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r whe<span class=\"_ _5\"></span>n it i<span class=\"_ _5\"></span>s req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019s recoverable amo<span class=\"_ _3\"></span>unt is estimated. For<span class=\"_ _8\"></span> intangible asset<span class=\"_ _5\"></span>s that a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t yet av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>e, an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r goo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span> rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>timat<span class=\"_ _5\"></span>ed at e<span class=\"_ _5\"></span>ach b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>eet<span class=\"_ _5\"></span> date<span class=\"_ _5\"></span>. An imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>eneve<span class=\"_ _5\"></span>r the<span class=\"_ _5\"></span> carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of an asset or its cash-generating unit exce<span class=\"_ _5\"></span>eds i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cover<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>. Reco<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>able a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt is th<span class=\"_ _5\"></span>e high<span class=\"_ _5\"></span>er of f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d val<span class=\"_ _5\"></span>ue in us<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span> as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ing va<span class=\"_ _5\"></span>lue in u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, the e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e discounted to<span class=\"_ _8\"></span> their present value using<span class=\"_ _8\"></span> a pre-ta<span class=\"_ _5\"></span>x discount rat<span class=\"_ _5\"></span>e that r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>rent m<span class=\"_ _5\"></span>arke<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span> valu<span class=\"_ _5\"></span>e of m<span class=\"_ _5\"></span>oney a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic to th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r whic<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>tes o<span class=\"_ _5\"></span>f fu<span class=\"_ _5\"></span>ture c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows h<span class=\"_ _5\"></span>ave no<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>en adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>.If the recove<span class=\"_ _3\"></span>rable amount<span class=\"_ _3\"></span> of an asset (<span class=\"_ _8\"></span>or cash-<span class=\"_ _5\"></span>generating unit<span class=\"_ _5\"></span>) is es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to be l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>he carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of the asset (<span class=\"_ _8\"></span>or cash-<span class=\"_ _5\"></span>generating unit)<span class=\"_ _8\"></span> is red<span class=\"_ _5\"></span>uce<span class=\"_ _5\"></span>d to it<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cov<span class=\"_ _5\"></span>erab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>airm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is recognised immediat<span class=\"_ _3\"></span>ely in the<span class=\"_ _8\"></span> income statement.When there i<span class=\"_ _3\"></span>s an i<span class=\"_ _3\"></span>ndication that<span class=\"_ _3\"></span> prior recognition impairment losses no longer<span class=\"_ _3\"></span> exist<span class=\"_ _5\"></span>, the carrying amount of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et (or a c<span class=\"_ _5\"></span>ash<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>gene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting un<span class=\"_ _5\"></span>it) is i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he rev<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ecov<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t, b<span class=\"_ _5\"></span>ut in s<span class=\"_ _5\"></span>uch a way th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amo<span class=\"_ _5\"></span>unt d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amo<span class=\"_ _5\"></span>unt t<span class=\"_ _5\"></span>hat wo<span class=\"_ _5\"></span>uld hav<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>en de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>mine<span class=\"_ _5\"></span>d had n<span class=\"_ _5\"></span>o impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t (or cas<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng uni<span class=\"_ _5\"></span>t) in pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f an impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed im<span class=\"_ _5\"></span>med<span class=\"_ _5\"></span>iatel<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>airm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill is ne<span class=\"_ _5\"></span>ver reve<span class=\"_ _3\"></span>rsed.PROVISIONSProv<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he Group has a<span class=\"_ _8\"></span> pres<span class=\"_ _5\"></span>ent obligation<span class=\"_ _3\"></span> (legal or<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tive)<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom a p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t eve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>en it i<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le (mor<span class=\"_ _5\"></span>e likely t<span class=\"_ _5\"></span>han n<span class=\"_ _5\"></span>ot) th<span class=\"_ _5\"></span>at an ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>low o<span class=\"_ _5\"></span>f res<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rces e<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>dy<span class=\"_ _5\"></span>ing economic benefit<span class=\"_ _5\"></span>s will<span class=\"_ _3\"></span> be required t<span class=\"_ _3\"></span>o settle the obligation, and a rel<span class=\"_ _3\"></span>iable estimate<span class=\"_ _3\"></span> of the amou<span class=\"_ _3\"></span>nt of the<span class=\"_ _3\"></span> obligation can b<span class=\"_ _5\"></span>e mad<span class=\"_ _5\"></span>e.The a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d as a p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n is th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t es<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of the conside<span class=\"_ _3\"></span>ration required t<span class=\"_ _3\"></span>o settle the present obligation at<span class=\"_ _8\"></span> the end of the reporting period, taking into account<span class=\"_ _3\"></span> the risks and uncertainties surrounding<span class=\"_ _8\"></span> the obligation. When<span class=\"_ _3\"></span> a provision i<span class=\"_ _3\"></span>s measured usi<span class=\"_ _3\"></span>ng the cash<span class=\"_ _3\"></span> flows es<span class=\"_ _5\"></span>timated to<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ettle the present obligation, its car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount i<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>t val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws (when t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e tim<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of m<span class=\"_ _5\"></span>oney i<span class=\"_ _5\"></span>s mate<span class=\"_ _5\"></span>rial<span class=\"_ _5\"></span>).The un<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>f dis<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t on pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a financial e<span class=\"_ _5\"></span>xpens<span class=\"_ _5\"></span>e.Warranty<span class=\"_ _3\"></span> provisionsProvisions for warranties a<span class=\"_ _3\"></span>re recognised based on the<span class=\"_ _3\"></span> be<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h out<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows o<span class=\"_ _5\"></span>r cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>air to s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuall<span class=\"_ _5\"></span>y agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d war<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s dur<span class=\"_ _5\"></span>ing the defect notif<span class=\"_ _5\"></span>ication period for completed<span class=\"_ _3\"></span> project<span class=\"_ _5\"></span>s. The carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of these provisions is<span class=\"_ _3\"></span> estimated based on common ind<span class=\"_ _3\"></span>ustr<span class=\"_ _5\"></span>y practice and the Group\u2019<span class=\"_ _8\"></span>s exp<span class=\"_ _5\"></span>erience wi<span class=\"_ _5\"></span>th wa<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>y clai<span class=\"_ _5\"></span>ms fo<span class=\"_ _5\"></span>r rel<span class=\"_ _5\"></span>evan<span class=\"_ _5\"></span>t pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In<span class=\"_ _5\"></span>itia<span class=\"_ _5\"></span>l recognition of these assurance-type warranties is based on his<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cal e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ienc<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate o<span class=\"_ _5\"></span>f war<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>y-related cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is revised annually.Restructuring provisionsRes<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d (bu<span class=\"_ _5\"></span>t do curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly n<span class=\"_ _5\"></span>ot ap<span class=\"_ _5\"></span>ply) w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup h<span class=\"_ _5\"></span>as a con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e obligation, mean<span class=\"_ _3\"></span>ing when the<span class=\"_ _3\"></span>re is a<span class=\"_ _3\"></span> detailed formal pla<span class=\"_ _3\"></span>n that i<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>tif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>t of t<span class=\"_ _5\"></span>he bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss conc<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, the l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d numb<span class=\"_ _5\"></span>er of e<span class=\"_ _5\"></span>mplo<span class=\"_ _5\"></span>yee<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>tail<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he tim<span class=\"_ _5\"></span>elin<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup mus<span class=\"_ _5\"></span>t al<span class=\"_ _5\"></span>so n<span class=\"_ _5\"></span>oti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>y al<span class=\"_ _5\"></span>l the empl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>es af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t thi<span class=\"_ _5\"></span>s plan<span class=\"_ _5\"></span>\u2019s main fe<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Other provisionsOther provisions, more specifically in the E<span class=\"_ _8\"></span>nvironmental segment, relate to<span class=\"_ _3\"></span> the legal<span class=\"_ _3\"></span> provision for the<span class=\"_ _3\"></span> capping of the la<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ll wh<span class=\"_ _5\"></span>en the d<span class=\"_ _5\"></span>umpin<span class=\"_ _5\"></span>g are<span class=\"_ _5\"></span>as ar<span class=\"_ _5\"></span>e full o<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e provision for end<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f contract reinstatement of a<span class=\"_ _8\"></span> si<span class=\"_ _5\"></span>te. Ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d in not<span class=\"_ _5\"></span>e (23<span class=\"_ _8\"></span>), c<span class=\"_ _5\"></span>an al<span class=\"_ _5\"></span>so be provisions for a<span class=\"_ _8\"></span> legal proceeding.EMPLOYEE B<span class=\"_ _5\"></span>ENEFI<span class=\"_ _5\"></span>T OB<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>ONSDefined contributio<span class=\"_ _3\"></span>n plans<span class=\"_ _8\"></span> without interest gu<span class=\"_ _3\"></span>arantee<span class=\"_ _3\"></span> by th<span class=\"_ _5\"></span>e em<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>oyer Contributions to d<span class=\"_ _3\"></span>efined contribution plans are<span class=\"_ _8\"></span> rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as an e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>hen incu<span class=\"_ _8\"></span>rred.Be<span class=\"_ _5\"></span>lg<span class=\"_ _5\"></span>ian d<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t guarantee by<span class=\"_ _8\"></span> the employerBy la<span class=\"_ _5\"></span>w, def<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pen<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n plan<span class=\"_ _5\"></span>s in Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m are subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to mi<span class=\"_ _5\"></span>nimum gu<span class=\"_ _5\"></span>aran<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>d ra<span class=\"_ _5\"></span>tes o<span class=\"_ _5\"></span>f re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>. Consequently<span class=\"_ _8\"></span>, thes<span class=\"_ _5\"></span>e \u2018<span class=\"_ _3\"></span>defined contribution\u2019 plans classify as \u2018de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it<span class=\"_ _4\"></span>\u2019 plan<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Defined benefit<span class=\"_ _3\"></span> plansFor d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t plan<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of providing benefits is determined using<span class=\"_ _8\"></span> the projec<span class=\"_ _5\"></span>ted unit<span class=\"_ _3\"></span> credit method, with actuarial va<span class=\"_ _3\"></span>luations being<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>arried out at th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f eac<span class=\"_ _5\"></span>h annual r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>. Remeasurement, com<span class=\"_ _3\"></span>prising actuarial<span class=\"_ _3\"></span> gains<span class=\"_ _3\"></span> and losses<span class=\"_ _5\"></span>, the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he cha<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ceili<span class=\"_ _5\"></span>ng (i<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble) an<span class=\"_ _5\"></span>d the r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>n on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (excludi<span class=\"_ _5\"></span>ng ne<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t), i<span class=\"_ _5\"></span>s ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th a cha<span class=\"_ _5\"></span>rge o<span class=\"_ _5\"></span>r cre<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in oth<span class=\"_ _5\"></span>er com<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>sive i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d in wh<span class=\"_ _5\"></span>ich th<span class=\"_ _5\"></span>ey occur<span class=\"_ _2\"></span>. Remeasurement recogni<span class=\"_ _3\"></span>sed in other comp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ensi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>come i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>fl<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>arat<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>ve in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and w<span class=\"_ _5\"></span>ill n<span class=\"_ _5\"></span>ot b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed to p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Pas<span class=\"_ _5\"></span>t ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss in t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>f a plan a<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dmen<span class=\"_ _5\"></span>t. N<span class=\"_ _5\"></span>et in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t is ca<span class=\"_ _5\"></span>lcul<span class=\"_ _5\"></span>ated b<span class=\"_ _5\"></span>y app<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>ing the di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ount r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t the b<span class=\"_ _5\"></span>egi<span class=\"_ _5\"></span>nning o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e net def<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y or as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are categorised as follows: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t (in<span class=\"_ _5\"></span>cludi<span class=\"_ _5\"></span>ng cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce </span></span>cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as ga<span class=\"_ _5\"></span>ins an<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ailme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s and set<span class=\"_ _5\"></span>tlement<span class=\"_ _5\"></span>s); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">net interest exp<span class=\"_ _5\"></span>ense or inc<span class=\"_ _3\"></span>ome;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">remeasurement.</span></span>The Group presents the first two components of defined ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Cur<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>lmen<span class=\"_ _5\"></span>t gains a<span class=\"_ _5\"></span>nd los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r as pa<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The retirement<span class=\"_ _3\"></span> benefi<span class=\"_ _5\"></span>t obligation<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised in the<span class=\"_ _8\"></span> consolidated statement of<span class=\"_ _3\"></span> financial position represents the a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>t or sur<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>us in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s def<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>nef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t plan<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any su<span class=\"_ _5\"></span>rpl<span class=\"_ _5\"></span>us re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ting f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m this c<span class=\"_ _5\"></span>alc<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s limi<span class=\"_ _5\"></span>ted to the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt val<span class=\"_ _5\"></span>ue of a<span class=\"_ _5\"></span>ny eco<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>ic be<span class=\"_ _5\"></span>nef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s avail<span class=\"_ _5\"></span>able i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of re<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>nds f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>ans or r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e contributions to the pla<span class=\"_ _3\"></span>ns.INTERES<span class=\"_ _5\"></span>T<span class=\"_ _2\"></span>-BE<span class=\"_ _5\"></span>ARI<span class=\"_ _5\"></span>NG LOANS AND BORROWINGSInte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ings a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed init<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at f<span class=\"_ _5\"></span>air va<span class=\"_ _5\"></span>lue ad<span class=\"_ _5\"></span>jus<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble transaction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. Subsequent to<span class=\"_ _8\"></span> initial recognition, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ings ar<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>ed at amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th any d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>cee<span class=\"_ _5\"></span>ds (adjus<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>rans<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) and re<span class=\"_ _5\"></span>demp<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on val<span class=\"_ _5\"></span>ue bei<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent ov<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an or b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ings o<span class=\"_ _5\"></span>n an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate basis<span class=\"_ _5\"></span>.The e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod i<span class=\"_ _5\"></span>s a met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d of c<span class=\"_ _5\"></span>alcul<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g the am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and o<span class=\"_ _5\"></span>f all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e ove<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>elev<span class=\"_ _5\"></span>ant p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive interest rate is<span class=\"_ _3\"></span> the rate th<span class=\"_ _3\"></span>at exactly discounts estimated fu<span class=\"_ _5\"></span>ture c<span class=\"_ _5\"></span>ash p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding al<span class=\"_ _5\"></span>l fee<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d poi<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d or rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed tha<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>rm an in<span class=\"_ _5\"></span>teg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve interest rate, transaction costs and other premium<span class=\"_ _3\"></span>sor dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s) thro<span class=\"_ _5\"></span>ugh th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted li<span class=\"_ _5\"></span>fe o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liability<span class=\"_ _8\"></span>, or (where<span class=\"_ _3\"></span> appropriate<span class=\"_ _8\"></span>) a shor<span class=\"_ _5\"></span>ter period, to the<span class=\"_ _8\"></span> amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y.TR<span class=\"_ _5\"></span>ADE A<span class=\"_ _5\"></span>ND OTHER P<span class=\"_ _8\"></span>A<span class=\"_ _6\"></span>Y<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>BLEST<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.INCOME T<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>XE<span class=\"_ _5\"></span>SInco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axes a<span class=\"_ _5\"></span>re cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as ei<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t or de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>. Inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>ax i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt excep<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>t rela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o item<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tly i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty, in whi<span class=\"_ _5\"></span>ch cas<span class=\"_ _5\"></span>e i<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in O<span class=\"_ _5\"></span>CI or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty.Current i<span class=\"_ _3\"></span>ncome tax assets and liabilities<span class=\"_ _3\"></span> are measured<span class=\"_ _3\"></span> at the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>red f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m or pa<span class=\"_ _5\"></span>id to t<span class=\"_ _5\"></span>he ta<span class=\"_ _5\"></span>xat<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>uth<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>tes an<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x law<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed to comp<span class=\"_ _5\"></span>ute t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t are en<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>r substantively enacted at the reporting date i<span class=\"_ _3\"></span>n the countries where the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup operates and<span class=\"_ _8\"></span> generates taxable income.Curr<span class=\"_ _5\"></span>ent in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>harg<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on the ac<span class=\"_ _3\"></span>counting profit for the<span class=\"_ _3\"></span> current yea<span class=\"_ _3\"></span>r and adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o ta<span class=\"_ _5\"></span>x char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s of pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Curr<span class=\"_ _5\"></span>ent in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e tax asset<span class=\"_ _5\"></span>s and lia<span class=\"_ _3\"></span>bilities are<span class=\"_ _3\"></span> measured at the<span class=\"_ _8\"></span> amount ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>red f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m or pa<span class=\"_ _5\"></span>id to th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n aut<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he ta<span class=\"_ _5\"></span>x r<span class=\"_ _5\"></span>ates a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax law<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>ute the amount<span class=\"_ _3\"></span> are those that<span class=\"_ _3\"></span> are enacted or<span class=\"_ _3\"></span> substantively enacted at the reporting date<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> countries where the<span class=\"_ _3\"></span> Group operates and<span class=\"_ _3\"></span> generates taxable income.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes ar<span class=\"_ _5\"></span>e cal<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>, on tem<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s ari<span class=\"_ _5\"></span>sing b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the financial sta<span class=\"_ _5\"></span>tements<span class=\"_ _5\"></span>. The principal temporar<span class=\"_ _5\"></span>y dif<span class=\"_ _5\"></span>ferences arise from depreciation<span class=\"_ _3\"></span> of propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> plant and equipment, prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s for d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t pla<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>ward<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes ar<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x rat<span class=\"_ _5\"></span>es e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to app<span class=\"_ _5\"></span>ly to t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xabl<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me in t<span class=\"_ _5\"></span>he yea<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n whic<span class=\"_ _5\"></span>h tho<span class=\"_ _5\"></span>se temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o be re<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tle<span class=\"_ _5\"></span>d, b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s ena<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted or s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>ly enac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t dat<span class=\"_ _5\"></span>e. A de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t shall b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f the u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>edta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t that i<span class=\"_ _5\"></span>t is probable that<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>uture taxable<span class=\"_ _3\"></span> profit will be ava<span class=\"_ _3\"></span>ilable<span class=\"_ _3\"></span> again<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t whic<span class=\"_ _5\"></span>h the u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s and un<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>axcre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an be u<span class=\"_ _5\"></span>til<span class=\"_ _5\"></span>ized<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed for a<span class=\"_ _5\"></span>ll de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>tib<span class=\"_ _5\"></span>le te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent that i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e that t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xabl<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e avail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e again<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t whic<span class=\"_ _5\"></span>h the d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tibl<span class=\"_ _5\"></span>e temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce ca<span class=\"_ _5\"></span>n be uti<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed unl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e init<span class=\"_ _5\"></span>ial re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tion o<span class=\"_ _5\"></span>f an as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et or l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in a tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion that i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t a busi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>mbina<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and a<span class=\"_ _5\"></span>t the t<span class=\"_ _5\"></span>ime o<span class=\"_ _5\"></span>f the transaction af<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ts neither accounting<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>fit nor taxable pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it (ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s). Def<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed for a<span class=\"_ _5\"></span>ll de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>tib<span class=\"_ _5\"></span>le di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ces a<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in subsidiaries, joint v<span class=\"_ _3\"></span>entures a<span class=\"_ _3\"></span>nd associates to the<span class=\"_ _3\"></span> ex<span class=\"_ _5\"></span>tent that<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t is pr<span class=\"_ _5\"></span>oba<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he tem<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>ll reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ture an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xab<span class=\"_ _5\"></span>le pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it will b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilabl<span class=\"_ _5\"></span>e agai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce can b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. At each b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce she<span class=\"_ _5\"></span>et da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s if a<span class=\"_ _5\"></span>ll the a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e cri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia are m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>.IFRI<span class=\"_ _5\"></span>C 23, wh<span class=\"_ _5\"></span>ich b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ame e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as f<span class=\"_ _5\"></span>rom Ja<span class=\"_ _5\"></span>nuar<span class=\"_ _5\"></span>y 1, 201<span class=\"_ _2\"></span>9 onwa<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>, cla<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ow to ap<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>y the r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and measurement requ<span class=\"_ _3\"></span>irements in IAS 1<span class=\"_ _2\"></span>2 income taxes whe<span class=\"_ _5\"></span>n an unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>y ove<span class=\"_ _5\"></span>r curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>ccep<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of a pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular t<span class=\"_ _5\"></span>ax tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent un<span class=\"_ _5\"></span>der t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>aw may no<span class=\"_ _5\"></span>t be k<span class=\"_ _5\"></span>now<span class=\"_ _5\"></span>n unt<span class=\"_ _5\"></span>il the relevant taxation authority or a c<span class=\"_ _3\"></span>ourt takes a decision<span class=\"_ _8\"></span> in the f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. I<span class=\"_ _5\"></span>n ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ng wh<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her an<span class=\"_ _5\"></span>d how a<span class=\"_ _5\"></span>n uncer<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x treatment affec<span class=\"_ _5\"></span>ts the determination of<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axable results, the Group assumes t<span class=\"_ _3\"></span>hat a taxation a<span class=\"_ _3\"></span>uthorit<span class=\"_ _5\"></span>y will<span class=\"_ _3\"></span> examine amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s it h<span class=\"_ _5\"></span>as a ri<span class=\"_ _5\"></span>ght to e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>ine an<span class=\"_ _5\"></span>d has f<span class=\"_ _5\"></span>ull k<span class=\"_ _5\"></span>now<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>dge of all re<span class=\"_ _3\"></span>lated information<span class=\"_ _3\"></span> when making t<span class=\"_ _3\"></span>hose examinations. If the Grou<span class=\"_ _3\"></span>p concludes<span class=\"_ _3\"></span> it is probable th<span class=\"_ _3\"></span>at the t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>ill a<span class=\"_ _5\"></span>ccep<span class=\"_ _5\"></span>t an unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain ta<span class=\"_ _5\"></span>x treatment, it determines the<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axable result consistently wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d or pla<span class=\"_ _5\"></span>nne<span class=\"_ _5\"></span>d to be u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in it<span class=\"_ _5\"></span>s inco<span class=\"_ _5\"></span>me ta<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ilin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>. If t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup co<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t it is n<span class=\"_ _5\"></span>ot probable that a<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axation authority will accept<span class=\"_ _3\"></span> an uncer<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x tr<span class=\"_ _5\"></span>eatm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f uncer<span class=\"_ _5\"></span>taint<span class=\"_ _5\"></span>y in deter<span class=\"_ _5\"></span>mining it<span class=\"_ _5\"></span>s accounting ta<span class=\"_ _5\"></span>x posi<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>. If the possible outcomes are<span class=\"_ _8\"></span> binar<span class=\"_ _5\"></span>y or concentrat<span class=\"_ _3\"></span>ed to one<span class=\"_ _3\"></span> valu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he mos<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>kely am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>. In c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s a ra<span class=\"_ _5\"></span>nge o<span class=\"_ _5\"></span>f po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e outcomes that<span class=\"_ _3\"></span> are neither bi<span class=\"_ _3\"></span>nary nor concentrated on<span class=\"_ _8\"></span> one valu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e sum o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>eigh<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in a ran<span class=\"_ _5\"></span>ge of possible outcomes might<span class=\"_ _3\"></span> best predict the resolution of the uncer<span class=\"_ _5\"></span>tain<span class=\"_ _5\"></span>ty.INVES<span class=\"_ _5\"></span>TMENT T<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>X CREDITSInve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e excl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sco<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 12<span class=\"_ _5\"></span> income taxes and I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 20 accounting<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or governme<span class=\"_ _3\"></span>nt gran<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f gove<span class=\"_ _5\"></span>rnm<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ce. In acco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 8 accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies, chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n accounting<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>stimates and errors, the Group<span class=\"_ _3\"></span> defined an acco<span class=\"_ _5\"></span>unti<span class=\"_ _5\"></span>ng po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>y in r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s by mak<span class=\"_ _5\"></span>ing an a<span class=\"_ _5\"></span>nalo<span class=\"_ _5\"></span>gy t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>2 income taxes. By ma<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g this anal<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y and w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e cr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>ria to rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>e the cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t (defer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes), and t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion (def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t).RISKS FROM FINANCIA<span class=\"_ _5\"></span>L INSTRUMENTSThe G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>lent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>- bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g loa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>les a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s are us<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>ely a<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ging i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>ts and n<span class=\"_ _5\"></span>ot fo<span class=\"_ _5\"></span>r tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g or ot<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p is ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s fro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s whi<span class=\"_ _5\"></span>ch wil<span class=\"_ _5\"></span>l be f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er el<span class=\"_ _5\"></span>abo<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ed in n<span class=\"_ _5\"></span>ote (1<span class=\"_ _8\"></span>9): <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls16 ws1d\">credit a<span class=\"_ _3\"></span>nd c<span class=\"_ _3\"></span>ount<span class=\"_ _3\"></span>erparty risk;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls18 ws20\">li<span class=\"_ _5\"></span>quidit<span class=\"_ _5\"></span>y risk<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">m<span class=\"_ _5\"></span>arket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k cons<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk </span></span>and p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s.DERIV<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TIVE FINANCIA<span class=\"_ _5\"></span>L INSTRUMENTS AND HEDGINGThe c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any us<span class=\"_ _5\"></span>es de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pri<span class=\"_ _5\"></span>mar<span class=\"_ _5\"></span>ily to r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>ce ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re to ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>s in interest rates, foreign ex<span class=\"_ _3\"></span>change rates, com<span class=\"_ _3\"></span>modity prices and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s alre<span class=\"_ _5\"></span>ady m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed ab<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>, the Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s poli<span class=\"_ _5\"></span>cy p<span class=\"_ _5\"></span>roh<span class=\"_ _5\"></span>ibi<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>he us<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or speculation. The c<span class=\"_ _3\"></span>ompany does not<span class=\"_ _3\"></span> hold or issue derivative financial instruments for trading purposes<span class=\"_ _5\"></span>.How<span class=\"_ _5\"></span>ever, deriv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s whi<span class=\"_ _5\"></span>ch do no<span class=\"_ _5\"></span>t qual<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by IFR<span class=\"_ _5\"></span>S 9 ar<span class=\"_ _5\"></span>e pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d as ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>. Der<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>. Su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ent to ini<span class=\"_ _5\"></span>tial r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d at f<span class=\"_ _5\"></span>air va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>. Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of any r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lti<span class=\"_ _5\"></span>ng unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s dep<span class=\"_ _5\"></span>end<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e natur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve an<span class=\"_ _5\"></span>d the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vene<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>ge. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>aps i<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t that the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve or p<span class=\"_ _5\"></span>ay whe<span class=\"_ _5\"></span>n exer<span class=\"_ _5\"></span>cisi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e swaps at the closing<span class=\"_ _3\"></span> date, taking<span class=\"_ _3\"></span> into acc<span class=\"_ _3\"></span>ount cu<span class=\"_ _3\"></span>rrent inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>wap c<span class=\"_ _5\"></span>ounte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f a for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t is th<span class=\"_ _5\"></span>e quo<span class=\"_ _5\"></span>ted v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>t the c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te, an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e the pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f the qu<span class=\"_ _5\"></span>ote<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>ice.Hed<span class=\"_ _5\"></span>ge ac<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>s app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>able i<span class=\"_ _5\"></span>f all c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia in the I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 9 st<span class=\"_ _5\"></span>andard are fulf<span class=\"_ _5\"></span>illed: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">there is formal designation<span class=\"_ _8\"></span> and documentation for the </span></span>hedging relation<span class=\"_ _3\"></span>ship at<span class=\"_ _3\"></span> the inception<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f this<span class=\"_ _3\"></span> relatio<span class=\"_ _5\"></span>nship; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the economic relationshi<span class=\"_ _3\"></span>p between the hedged item </span></span>and the hedgi<span class=\"_ _3\"></span>ng; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>tial s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f ine<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vene<span class=\"_ _5\"></span>ss </span></span>must be documented; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t </span></span>each closing.Variat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>air val<span class=\"_ _5\"></span>ue b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d dif<span class=\"_ _5\"></span>ferently accordi<span class=\"_ _3\"></span>ng to t<span class=\"_ _3\"></span>he accounti<span class=\"_ _3\"></span>ng classification.Cash flow hedgesWhen a derivative financial<span class=\"_ _3\"></span> instrument hedges variations in ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>ng to a re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, a firm commitment or<span class=\"_ _8\"></span> an exp<span class=\"_ _5\"></span>ected transac<span class=\"_ _5\"></span>tion, the effe<span class=\"_ _5\"></span>ctive par<span class=\"_ _4\"></span>t of any g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ting f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in oth<span class=\"_ _5\"></span>er elements of the com<span class=\"_ _3\"></span>prehensive inc<span class=\"_ _3\"></span>ome and is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented in a se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve i<span class=\"_ _5\"></span>n equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. When th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>rm commitment or<span class=\"_ _8\"></span> the ex<span class=\"_ _5\"></span>pected transac<span class=\"_ _5\"></span>tion results in the rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t or liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty, the cu<span class=\"_ _5\"></span>mulat<span class=\"_ _5\"></span>ive g<span class=\"_ _5\"></span>ain or los<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>emov<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me and i<span class=\"_ _5\"></span>s rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der a s<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>ve in th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. Ot<span class=\"_ _5\"></span>her<span class=\"_ _4\"></span>wis<span class=\"_ _5\"></span>e, t<span class=\"_ _5\"></span>he cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ive ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s is rem<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y and r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in the i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e same time as<span class=\"_ _3\"></span> the hedged transaction. The ineffe<span class=\"_ _5\"></span>ctive par<span class=\"_ _5\"></span>t of any ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent is t<span class=\"_ _5\"></span>aken in<span class=\"_ _5\"></span>to res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>. G<span class=\"_ _5\"></span>ains o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e time v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he income statement i<span class=\"_ _3\"></span>n interest income<span class=\"_ _8\"></span> or interest expens<span class=\"_ _5\"></span>e. When a hedgi<span class=\"_ _3\"></span>ng instrument or<span class=\"_ _3\"></span> hedge relationship<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpires but t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ed tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s st<span class=\"_ _5\"></span>ill e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to occ<span class=\"_ _5\"></span>ur<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he cumula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s (at that p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t) rem<span class=\"_ _5\"></span>ains in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in ac<span class=\"_ _5\"></span>cord<span class=\"_ _5\"></span>ance w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the ab<span class=\"_ _5\"></span>ove po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>y wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e tran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n occ<span class=\"_ _5\"></span>urs<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f the h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ged tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t to occ<span class=\"_ _5\"></span>ur<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he cumu<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>ve unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y is i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>diate<span class=\"_ _5\"></span>ly taken to income.Instrument<span class=\"_ _5\"></span>s related to<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction contract<span class=\"_ _5\"></span>sIf a derivative financial instrument hedges variations i<span class=\"_ _3\"></span>n cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to a re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, a firm commitment or<span class=\"_ _8\"></span> an exp<span class=\"_ _5\"></span>ected transac<span class=\"_ _5\"></span>tion in the<span class=\"_ _3\"></span> framework of a co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t (mainly f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard p<span class=\"_ _5\"></span>urch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f raw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>, or f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s), a documentation of the<span class=\"_ _3\"></span> cash flow hedge relationsh<span class=\"_ _3\"></span>ip as des<span class=\"_ _5\"></span>cr<span class=\"_ _5\"></span>ibe<span class=\"_ _5\"></span>d ab<span class=\"_ _5\"></span>ove w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t be p<span class=\"_ _5\"></span>rep<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>ny gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt is recognised in the<span class=\"_ _3\"></span> income statement. These instruments are<span class=\"_ _5\"></span>, howe<span class=\"_ _5\"></span>ver<span class=\"_ _3\"></span>, subm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to a tes<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cien<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the same methodology as utilised for<span class=\"_ _3\"></span> hedge accounti<span class=\"_ _3\"></span>ng. The e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of an<span class=\"_ _5\"></span>y gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>dere<span class=\"_ _5\"></span>d as co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd is presented as an operationa<span class=\"_ _3\"></span>l result based upon the<span class=\"_ _3\"></span> percentage of com<span class=\"_ _3\"></span>pletion of the c<span class=\"_ _3\"></span>ontract<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f howe<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed for determini<span class=\"_ _3\"></span>ng the percentage<span class=\"_ _3\"></span> of completion ofthe co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d hed<span class=\"_ _5\"></span>ge cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e are not part of contract ass<span class=\"_ _5\"></span>ets or contract liabilities<span class=\"_ _3\"></span> as these are s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t he<span class=\"_ _5\"></span>dge r<span class=\"_ _5\"></span>ate an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t at mar<span class=\"_ _5\"></span>ket ra<span class=\"_ _5\"></span>te. D<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red hed<span class=\"_ _5\"></span>ge ch<span class=\"_ _5\"></span>arge<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e are i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and other<span class=\"_ _3\"></span> current li<span class=\"_ _3\"></span>abilities.Fair<span class=\"_ _8\"></span> value hedgesWhen a derivative financial<span class=\"_ _3\"></span> instrument hedges variations in the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f a re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le or p<span class=\"_ _5\"></span>aya<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>, any gain or<span class=\"_ _8\"></span> lo<span class=\"_ _5\"></span>ss resulting from the<span class=\"_ _8\"></span> remeasurement of the hed<span class=\"_ _5\"></span>ging i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>em is al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t the f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>isk he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed, w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any gain o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss bei<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed it<span class=\"_ _5\"></span>ems<span class=\"_ _5\"></span>, in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>isk h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, is th<span class=\"_ _5\"></span>eir carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> at the bala<span class=\"_ _3\"></span>nce sheet dat<span class=\"_ _3\"></span>e translated<span class=\"_ _3\"></span> into euro a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>hat da<span class=\"_ _5\"></span>te.REVENUEST<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r or r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sAll segments, except for the<span class=\"_ _3\"></span> Concessions segment, which is the Group\u2019<span class=\"_ _8\"></span>s investment and dev<span class=\"_ _3\"></span>elopment vehi<span class=\"_ _3\"></span>cle, are contributing to<span class=\"_ _3\"></span> the Group\u2019s<span class=\"_ _8\"></span> turnover<span class=\"_ _8\"></span>.Consolidated t<span class=\"_ _3\"></span>urnover c<span class=\"_ _3\"></span>omprises the total of the<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>k and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed by D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies pursuing their<span class=\"_ _8\"></span> main activ<span class=\"_ _5\"></span>ity.DEME\u2019<span class=\"_ _8\"></span>s acti<span class=\"_ _5\"></span>vities encompass dredging, l<span class=\"_ _3\"></span>and reclamat<span class=\"_ _3\"></span>ion, hydraul<span class=\"_ _3\"></span>ic engi<span class=\"_ _3\"></span>neering, construc<span class=\"_ _5\"></span>tion and services for the of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore o<span class=\"_ _5\"></span>il &amp; gas a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>new<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ener<span class=\"_ _5\"></span>gy in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il engineering a<span class=\"_ _3\"></span>nd environmental<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>ks<span class=\"_ _5\"></span>. These activi<span class=\"_ _5\"></span>ties bei<span class=\"_ _5\"></span>ng con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n or e<span class=\"_ _5\"></span>xecut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice ar<span class=\"_ _5\"></span>e exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d following a c<span class=\"_ _3\"></span>ontract with the customer<span class=\"_ _8\"></span>.The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in acco<span class=\"_ _5\"></span>rda<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _3\"></span>5. Reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s do no<span class=\"_ _5\"></span>t have any s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt financing component. Most construction and ser<span class=\"_ _5\"></span>vice contract<span class=\"_ _5\"></span>s with the c<span class=\"_ _3\"></span>ustomers involve only<span class=\"_ _3\"></span> one per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tion, which is<span class=\"_ _3\"></span> fulfilled progressively over t<span class=\"_ _5\"></span>im<span class=\"_ _5\"></span>e. <span class=\"ff61\">F<span class=\"_ _5\"></span>or a limi<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d numb<span class=\"_ _5\"></span>er of \u201c<span class=\"_ _5\"></span>EP<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>\u201d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the </span>renewable bus<span class=\"_ _3\"></span>iness (<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>ff<span class=\"_ _5\"></span>shore wind farms<span class=\"_ _8\"></span>), multiple<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tions were ide<span class=\"_ _3\"></span>ntified<span class=\"_ _5\"></span>. In those cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>nop<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>s can b<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d, as w<span class=\"_ _5\"></span>ell as t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>able l<span class=\"_ _5\"></span>ayin<span class=\"_ _5\"></span>g par<span class=\"_ _4\"></span>t and t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns (OS<span class=\"_ _5\"></span>S). Tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t are c<span class=\"_ _5\"></span>apa<span class=\"_ _5\"></span>ble o<span class=\"_ _5\"></span>f bei<span class=\"_ _5\"></span>ng dis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and ar<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the c<span class=\"_ _5\"></span>onte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly ar<span class=\"_ _5\"></span>e considered as<span class=\"_ _3\"></span> separate per<span class=\"_ _5\"></span>formance oblig<span class=\"_ _3\"></span>ations.Whe<span class=\"_ _5\"></span>re a con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce obligations, the Group<span class=\"_ _8\"></span> allocates the overall<span class=\"_ _3\"></span> price of the<span class=\"_ _8\"></span> contract to each performance obligation<span class=\"_ _3\"></span> in acc<span class=\"_ _3\"></span>ordance<span class=\"_ _8\"></span> with IFRS 1<span class=\"_ _2\"></span>5. That price corresponds to<span class=\"_ _3\"></span> the amount<span class=\"_ _3\"></span> of the co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on to w<span class=\"_ _5\"></span>hich i<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e enti<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The most common variable<span class=\"_ _3\"></span> considerations such<span class=\"_ _3\"></span> as the steel<span class=\"_ _3\"></span> price, fuel consu<span class=\"_ _3\"></span>mption or design<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ice modifications shall o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y be in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on pr<span class=\"_ _5\"></span>ice t<span class=\"_ _5\"></span>o the ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s high<span class=\"_ _5\"></span>ly pr<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>able t<span class=\"_ _5\"></span>hat a s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d will n<span class=\"_ _5\"></span>ot o<span class=\"_ _5\"></span>ccur. When the p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a var<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, su<span class=\"_ _5\"></span>ch as a per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce bo<span class=\"_ _5\"></span>nus o<span class=\"_ _5\"></span>r a claim<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>es that consideration<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom the moment<span class=\"_ _8\"></span> that agreement is<span class=\"_ _3\"></span> reached with the cl<span class=\"_ _3\"></span>ient.The<span class=\"_ _5\"></span>re are n<span class=\"_ _5\"></span>o IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>5 s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce-t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>.The Group has<span class=\"_ _8\"></span> concluded that reven<span class=\"_ _3\"></span>ue from construction and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>ould b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed <span class=\"ff6a\">ove<span class=\"_ _5\"></span>r ti<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>. </span>A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tion r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t whi<span class=\"_ _5\"></span>ch our performance obligations a<span class=\"_ _3\"></span>re fulfilledcor<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fer o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>r ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce to our c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. W<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of control throug<span class=\"_ _3\"></span>hout the contract revenu<span class=\"_ _3\"></span>e is stillrec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ated h<span class=\"_ _5\"></span>as no a<span class=\"_ _5\"></span>lter<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>hat an enf<span class=\"_ _5\"></span>orce<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e rig<span class=\"_ _5\"></span>ht to p<span class=\"_ _5\"></span>ayme<span class=\"_ _5\"></span>nt e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>nce complete<span class=\"_ _5\"></span>d to date.Reven<span class=\"_ _5\"></span>ue fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e to the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>age o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he contract activ<span class=\"_ _5\"></span>ity at the end of<span class=\"_ _3\"></span> the reporting period, measured based on the<span class=\"_ _3\"></span> propor<span class=\"_ _5\"></span>tion of contract costs incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>k per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d to da<span class=\"_ _5\"></span>te rel<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve to th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d tot<span class=\"_ _5\"></span>al con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt w<span class=\"_ _5\"></span>here t<span class=\"_ _5\"></span>his wo<span class=\"_ _5\"></span>uld not b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>eti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. A cor<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s made f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f mat<span class=\"_ _5\"></span>eria<span class=\"_ _5\"></span>l (e.g. s<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>el) th<span class=\"_ _5\"></span>at is pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d but n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t manu<span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>d or ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the production process at the reporting date. When<span class=\"_ _3\"></span> the outcome of a<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion contract cannot be estimated<span class=\"_ _3\"></span> reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y, contra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt of pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t will p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch the<span class=\"_ _5\"></span>y are in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>. Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>ulf<span class=\"_ _5\"></span>il a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d in re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of the satisfac<span class=\"_ _5\"></span>tion of the<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obligat<span class=\"_ _3\"></span>ion hav<span class=\"_ _3\"></span>e no mate<span class=\"_ _5\"></span>rial i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d marg<span class=\"_ _5\"></span>in of th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch, t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d are in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the st<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on. W<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e that t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l exce<span class=\"_ _5\"></span>ed to<span class=\"_ _5\"></span>tal c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely.When there a<span class=\"_ _3\"></span>re major<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>traints on transferring cash from the working cou<span class=\"_ _3\"></span>ntry to the head office, the profit on a cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct i<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on a c<span class=\"_ _5\"></span>ash b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>.Other operating incomeOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing in<span class=\"_ _5\"></span>come i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s the ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the g<span class=\"_ _5\"></span>ain on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, nex<span class=\"_ _5\"></span>t to other<span class=\"_ _8\"></span> non recurring income.The la<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>uran<span class=\"_ _5\"></span>ce inc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s to our ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>, a<span class=\"_ _5\"></span>s well as liq<span class=\"_ _5\"></span>uida<span class=\"_ _5\"></span>ted da<span class=\"_ _5\"></span>mage<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of a construc<span class=\"_ _5\"></span>tion contract of new equ<span class=\"_ _3\"></span>ipment only<span class=\"_ _3\"></span> if it comp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>crem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to late delivery of the new equ<span class=\"_ _3\"></span>ipment.OPERA<span class=\"_ _2\"></span>TING E<span class=\"_ _5\"></span>XPENSESRaw<span class=\"_ _8\"></span> materials, consumables, services and subcontracted workThis category in the c<span class=\"_ _3\"></span>onsolidated statement of i<span class=\"_ _3\"></span>ncome is<span class=\"_ _3\"></span> the O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. All o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es (als<span class=\"_ _5\"></span>o S<span class=\"_ _5\"></span>G&amp;<span class=\"_ _4\"></span>A ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh our n<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>al bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>s) are inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>son<span class=\"_ _5\"></span>nel e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s, depreciation, amortisation and impairment<span class=\"_ _3\"></span> cost<span class=\"_ _5\"></span>s and oth<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es tha<span class=\"_ _5\"></span>t are d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in a se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate note.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopment, advertising and<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d IT s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ms d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s Res<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ch, a<span class=\"_ _5\"></span>dve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ing an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>omo<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed in the y<span class=\"_ _5\"></span>ear in w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed. D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and I<span class=\"_ _5\"></span>T sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tems d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the year in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h they a<span class=\"_ _5\"></span>re inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>f they d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t mee<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e cri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia fo<span class=\"_ _5\"></span>r cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s (OPE<span class=\"_ _5\"></span>X) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up.Other operating<span class=\"_ _3\"></span> expensesOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ss on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and equipme<span class=\"_ _3\"></span>nt. The non-cash movements in amou<span class=\"_ _3\"></span>nts wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>les<span class=\"_ _5\"></span>, in retirement benefit obligations a<span class=\"_ _3\"></span>nd in pro<span class=\"_ _3\"></span>visions is also<span class=\"_ _3\"></span> rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed as o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t to ab<span class=\"_ _5\"></span>ove, oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>amp dut<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re als<span class=\"_ _5\"></span>o in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s.FINA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L RES<span class=\"_ _5\"></span>UL<span class=\"_ _6\"></span>TInte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e is acc<span class=\"_ _5\"></span>rue<span class=\"_ _5\"></span>d on a t<span class=\"_ _5\"></span>ime b<span class=\"_ _5\"></span>asis<span class=\"_ _5\"></span>, by r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce to the p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al ou<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rate appl<span class=\"_ _3\"></span>icable.All in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n conn<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on wi<span class=\"_ _5\"></span>th b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s, e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t tho<span class=\"_ _5\"></span>se w<span class=\"_ _5\"></span>hich w<span class=\"_ _5\"></span>ere elig<span class=\"_ _5\"></span>ible t<span class=\"_ _5\"></span>o be c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d, a<span class=\"_ _5\"></span>re ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt us<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e effec<span class=\"_ _5\"></span>tive i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>est rate<span class=\"_ _3\"></span> method.Inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e and in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o incl<span class=\"_ _5\"></span>ude ga<span class=\"_ _5\"></span>ins or los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e tim<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncial d<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve instrument<span class=\"_ _5\"></span>s.Dividend income (<span class=\"_ _8\"></span>f<span class=\"_ _5\"></span>rom non-consolidated participations) is<span class=\"_ _8\"></span> rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lder<span class=\"_ _4\"></span>\u2019s righ<span class=\"_ _5\"></span>t to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t has b<span class=\"_ _5\"></span>een e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>lish<span class=\"_ _5\"></span>ed (<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>at i<span class=\"_ _5\"></span>t ispro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nomi<span class=\"_ _5\"></span>c ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s will f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow to th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup and the a<span class=\"_ _3\"></span>mount of i<span class=\"_ _3\"></span>ncome can be<span class=\"_ _3\"></span> reliably measu<span class=\"_ _3\"></span>red).Ot<span class=\"_ _5\"></span>her f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed for proje<span class=\"_ _5\"></span>ct relate<span class=\"_ _5\"></span>d bank guarantees<span class=\"_ _5\"></span>.Asso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDred<span class=\"_ _5\"></span>ging, Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al &amp; Marine Engine<span class=\"_ _5\"></span>ering NV<span class=\"_ _84\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%</span>Ba<span class=\"_ _5\"></span>gger<span class=\"_ _4\"></span>wer<span class=\"_ _5\"></span>ken D<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>dt en Z<span class=\"_ _5\"></span>oon N<span class=\"_ _5\"></span>V<span class=\"_ _165\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Cat<span class=\"_ _5\"></span>hie A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding C<span class=\"_ _5\"></span>VB<span class=\"_ _5\"></span>A<span class=\"_ _206\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Deepte<span class=\"_ _5\"></span>ch NV<span class=\"_ _207\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls NV<span class=\"_ _208\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Concessions NV<span class=\"_ _209\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Concessions Wind NV<span class=\"_ _44\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Coordination Center NV<span class=\"_ _162\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Dredg<span class=\"_ _3\"></span>ing NV<span class=\"_ _124\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV<span class=\"_ _102\"> </span>Belgium<span class=\"_ _4b\"> </span>100<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s NV<span class=\"_ _20a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ea S<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns NV<span class=\"_ _208\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore B<span class=\"_ _5\"></span>E NV<span class=\"_ _db\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore E<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent S<span class=\"_ _5\"></span>A (for<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y G-t<span class=\"_ _5\"></span>ec O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e SA)<span class=\"_ _1f7\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore H<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>ing NV<span class=\"_ _16e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional NV<span class=\"_ _20b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Ge<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>nd NV<span class=\"_ _20c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Glo<span class=\"_ _5\"></span>bal S<span class=\"_ _5\"></span>ea Mi<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al Re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s NV<span class=\"_ _20d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>A<span class=\"_ _20e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>High W<span class=\"_ _5\"></span>ind NV<span class=\"_ _20f\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Logimar<span class=\"_ _5\"></span>ine NV<span class=\"_ _210\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME Environment<span class=\"_ _5\"></span>al NV<span class=\"_ _211\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ecoterre<span class=\"_ _5\"></span>s SA<span class=\"_ _212\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ekos<span class=\"_ _5\"></span>to N<span class=\"_ _5\"></span>V<span class=\"_ _1b3\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Hy<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>t Oo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>de Hol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V<span class=\"_ _118\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME Bl<span class=\"_ _5\"></span>ue Ene<span class=\"_ _5\"></span>rgy N<span class=\"_ _5\"></span>V<span class=\"_ _103\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls35 ws43\">69.99%<span class=\"_ _cc\"> </span>69.99%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns Wor<span class=\"_ _5\"></span>ldw<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e NV<span class=\"_ _213\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _59\"> </span><span class=\"lsf ws13\">54<span class=\"_ _5\"></span>.38%<span class=\"_ _1d\"> </span>54<span class=\"_ _5\"></span>.38%<span class=\"_ _78\"> </span><span class=\"ls18 ws20\">Dredging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Gro<span class=\"_ _5\"></span>nd Re<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ycla<span class=\"_ _5\"></span>ge Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um NV<span class=\"_ _105\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls3f ws67\">52<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>43%<span class=\"_ _7e\"> </span>52.<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>GRC Zo<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r NV<span class=\"_ _214\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.70<span class=\"_ _4\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Filterre<span class=\"_ _5\"></span>s SA<span class=\"_ _1a3\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _8b\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _168\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>So<span class=\"_ _5\"></span>yo Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gem LDA<span class=\"_ _f5\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragagem Angola Servi\u00e7os Lda<span class=\"_ _215\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Argentina SA<span class=\"_ _4d\"> </span>Argen<span class=\"_ _5\"></span>tina<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal Au<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>lia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _12e\"> </span>Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia<span class=\"_ _59\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ge<span class=\"_ _5\"></span>oSe<span class=\"_ _5\"></span>a Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _216\"> </span>Aust<span class=\"_ _5\"></span>ralia<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>(1)(1)Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Bahrain WL<span class=\"_ _5\"></span>L<span class=\"_ _217\"> </span><span class=\"ls19 ws16\">Bahrain<span class=\"_ _19a\"> </span><span class=\"ls7a ws88\">49%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragabras Ser<span class=\"_ _5\"></span>vi\u00e7os de Dragagem<span class=\"_ _3\"></span> Ltda<span class=\"_ _122\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEC do Br<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>il Eng<span class=\"_ _5\"></span>enhar<span class=\"_ _5\"></span>ia A<span class=\"_ _5\"></span>mbie<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Ltda<span class=\"_ _125\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _218\"> </span><span class=\"lse ws12\">0%<span class=\"_ _167\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span></span></span>Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.Unt<span class=\"_ _5\"></span>il June 2<span class=\"_ _5\"></span>9, 2022, <span class=\"ff6a ls34 ws3e\">Dredging, Environmental &amp; Marine Engineering NV </span>(DEME N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, was t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>. On th<span class=\"_ _5\"></span>at dat<span class=\"_ _5\"></span>e CFE NV t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take in D<span class=\"_ _5\"></span>EME NV t<span class=\"_ _5\"></span>o a new<span class=\"_ _5\"></span>ly cr<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpany, DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV<span class=\"_ _3\"></span>, by mea<span class=\"_ _5\"></span>ns of a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rger a<span class=\"_ _5\"></span>nd as s<span class=\"_ _5\"></span>uch <span class=\"ff6a ls8c ws54\">DEME Group NV</span> beca<span class=\"_ _5\"></span>me th<span class=\"_ _5\"></span>e new p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt com<span class=\"_ _5\"></span>pany. DEME N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, as a s<span class=\"_ _5\"></span>ubh<span class=\"_ _5\"></span>oldi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, is now i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the li<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>s a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o pri<span class=\"_ _5\"></span>or ye<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is ma<span class=\"_ _5\"></span>de to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>6) Shar<span class=\"_ _5\"></span>e cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al, di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es fo<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e information.DEME Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l NV<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, i<span class=\"_ _5\"></span>s own<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or 25.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% by a t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. In the Dre<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t ther<span class=\"_ _5\"></span>e are s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">non-con<span class=\"_ _5\"></span>trolling interest<span class=\"_ _5\"></span>s </span>in the ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te and m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s and in t<span class=\"_ _5\"></span>he dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y som<span class=\"_ _5\"></span>e min<span class=\"_ _5\"></span>or int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e hol<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame ex<span class=\"_ _5\"></span>ternal partner holds int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in two su<span class=\"_ _3\"></span>bsidiaries of the<span class=\"_ _3\"></span> Group. In the<span class=\"_ _3\"></span> Of<span class=\"_ _5\"></span>fshore se<span class=\"_ _5\"></span>gment there<span class=\"_ _8\"></span> are no non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Refe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>rehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e consolidated statement of<span class=\"_ _3\"></span> changes in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity for more information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>.SUBSIDIARIES (FULL<span class=\"_ _6\"></span>Y CONSOLIDA<span class=\"_ _6\"></span>TED<span class=\"_ _3\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>A Ltd<span class=\"_ _d1\"> </span>Canada<span class=\"_ _48\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Management Consulting Shanghai Ltd<span class=\"_ _219\"> </span><span class=\"ls18 ws20\">China<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Hon<span class=\"_ _5\"></span>g Kong S<span class=\"_ _5\"></span>AR Far Eas<span class=\"_ _5\"></span>t Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng Ltd10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>ChinaBellsea Ltd<span class=\"_ _18a\"> </span>Cyp<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Cypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _21a\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional C<span class=\"_ _8\"></span>y<span class=\"_ _5\"></span>prus Ltd<span class=\"_ _1fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _4\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s C<span class=\"_ _8\"></span>ypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _1b8\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Novadeal L<span class=\"_ _3\"></span>td<span class=\"_ _21b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>T<span class=\"_ _8\"></span>.C.<span class=\"_ _5\"></span>M.C. The Channe<span class=\"_ _5\"></span>l Management Comp<span class=\"_ _5\"></span>any Ltd<span class=\"_ _26\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>K SA<span class=\"_ _5\"></span>S<span class=\"_ _fe\"> </span>Denmark<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore F<span class=\"_ _5\"></span>R SA<span class=\"_ _5\"></span>S<span class=\"_ _21c\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>AS<span class=\"_ _21d\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Soci\u00e9<span class=\"_ _5\"></span>t\u00e9 de Dragage Interna<span class=\"_ _5\"></span>tional SA<span class=\"_ _217\"> </span>Fr<span class=\"_ _5\"></span>ance<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra / Nordsee Nassbagger<span class=\"_ _3\"></span>- und<span class=\"_ _3\"></span> Tiefbau GmbH<span class=\"_ _21e\"> </span>Germany<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore EnergyOam-<span class=\"_ _5\"></span>Deme Miner<span class=\"_ _5\"></span>ali\u00ebn GmbH<span class=\"_ _137\"> </span>Germany<span class=\"_ _43\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H<span class=\"_ _f7\"> </span>Germany<span class=\"_ _5d\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls Ltd<span class=\"_ _21f\"> </span><span class=\"ls18 ws20\">United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>New<span class=\"_ _5\"></span>Wave<span class=\"_ _5\"></span>s Sol<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ions Lt<span class=\"_ _5\"></span>d<span class=\"_ _220\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e UK Ltd<span class=\"_ _221\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al India Pv<span class=\"_ _5\"></span>t Ltd<span class=\"_ _217\"> </span>India<span class=\"_ _222\"> </span><span class=\"ls7f ws8d\">9<span class=\"_ _5\"></span>9.<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>%<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>.97<span class=\"_ _5\"></span>%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aInte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>eap<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g P<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>t Ltd<span class=\"_ _f2\"> </span><span class=\"ls18 ws20\">In<span class=\"_ _5\"></span>dia<span class=\"_ _222\"> </span><span class=\"lsd9 wse4\">93.6<span class=\"_ _4\"></span>4%<span class=\"_ _91\"> </span>93<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span>(3)(3)PT Dredging I<span class=\"_ _3\"></span>nternational I<span class=\"_ _3\"></span>ndonesia<span class=\"_ _1d4\"> </span><span class=\"ls3a ws3f\">Indonesia<span class=\"_ _2b\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aSocieta<span class=\"_ _8\"></span> Italian<span class=\"_ _8\"></span>a Dragag<span class=\"_ _3\"></span>gi<span class=\"_ _3\"></span> Spa<span class=\"_ _1f8\"> </span>Italy<span class=\"_ _12a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Japan Ltd<span class=\"_ _6d\"> </span>Japan<span class=\"_ _121\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Apollo Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _223\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Bon<span class=\"_ _5\"></span>ny Ri<span class=\"_ _5\"></span>ver Sh<span class=\"_ _5\"></span>ippin<span class=\"_ _5\"></span>g SA<span class=\"_ _224\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>CRiver Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _225\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Del<span class=\"_ _5\"></span>ta R<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er Ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g SA<span class=\"_ _5f\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SA<span class=\"_ _28\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU P<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Shipp<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>A<span class=\"_ _1b7\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Innovation Sh<span class=\"_ _3\"></span>ipping SA<span class=\"_ _fe\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span>Meuse River Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _220\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Sa<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>indi RE S<span class=\"_ _5\"></span>A<span class=\"_ _226\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Spar<span class=\"_ _5\"></span>tacus Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _227\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A<span class=\"_ _103\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _88\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Sdn B<span class=\"_ _5\"></span>hd<span class=\"_ _db\"> </span>Malay<span class=\"_ _5\"></span>sia<span class=\"_ _29\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>alay<span class=\"_ _5\"></span>sia S<span class=\"_ _5\"></span>dn Bhd<span class=\"_ _21e\"> </span><span class=\"ls19 ws16\">Malaysia <span class=\"_ _38\"> </span>30%</span>30%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aHydrogeo SARL<span class=\"_ _228\"> </span><span class=\"lsf ws13\">Morocco<span class=\"_ _3f\"> </span></span>0%<span class=\"_ _23\"> </span>60%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ico S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _147\"> </span>M<span class=\"_ _5\"></span>exico<span class=\"_ _49\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Log<span class=\"_ _5\"></span>imar<span class=\"_ _5\"></span>ine S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _221\"> </span>Mex<span class=\"_ _5\"></span>ico<span class=\"_ _229\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragamoz Lda<span class=\"_ _214\"> </span>Mozamb<span class=\"_ _5\"></span>ique<span class=\"_ _9d\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Ear<span class=\"_ _5\"></span>th Moving Interna<span class=\"_ _5\"></span>tional Nigeria Ltd<span class=\"_ _11b\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Nov<span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>al EKO FZE<span class=\"_ _1c4\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and En<span class=\"_ _5\"></span>vir<span class=\"_ _5\"></span>onme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _86\"> </span>Nig<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(1)(1)Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s (Nigeria) L<span class=\"_ _8\"></span>t<span class=\"_ _5\"></span>d<span class=\"_ _49\"> </span><span class=\"ls3 ws3\">Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span></span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(2)(2)Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _166\"> </span><span class=\"ls18 ws20\">Nigeria<span class=\"_ _27\"> </span><span class=\"ls7d ws8b\">21.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>%</span></span>21.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDredging Interna<span class=\"_ _5\"></span>tional de Panama SA<span class=\"_ _22a\"> </span>Panama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.(2) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 54<span class=\"_ _5\"></span>.375%<span class=\"_ _5\"></span>.(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCorpo<span class=\"_ _3\"></span>racio<span class=\"_ _3\"></span>n Are<span class=\"_ _8\"></span>nera Ma<span class=\"_ _8\"></span>rina SA<span class=\"_ _131\"> </span>P<span class=\"_ _5\"></span>anama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>co PNG Lt<span class=\"_ _5\"></span>d<span class=\"_ _106\"> </span>Papua<span class=\"_ _8\"></span> New Guinea<span class=\"_ _89\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Berin Engenharia Dra<span class=\"_ _5\"></span>gagens e Ambiente SA<span class=\"_ _190\"> </span>Por<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>gal<span class=\"_ _53\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3)(3)Midd<span class=\"_ _5\"></span>le Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Comp<span class=\"_ _5\"></span>any QS<span class=\"_ _5\"></span>C<span class=\"_ _22b\"> </span><span class=\"ls34 ws3e\">Qatar <span class=\"_ _145\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragmors<span class=\"_ _5\"></span>troy LLC<span class=\"_ _1c5\"> </span>Russia<span class=\"_ _18b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Mordraga LLC<span class=\"_ _3b\"> </span>Russia<span class=\"_ _18b\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onaI S<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>di Ar<span class=\"_ _5\"></span>abia C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _1b8\"> </span>S<span class=\"_ _5\"></span>audi Arabia<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dr<span class=\"_ _5\"></span>agaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>a Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _f3\"> </span>Singapore<span class=\"_ _22\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _18e\"> </span>Singapor<span class=\"_ _5\"></span>e<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th Af<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ca P<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _18b\"> </span>South-A<span class=\"_ _8\"></span>fr<span class=\"_ _5\"></span>ica<span class=\"_ _95\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Espa\u00f1a SA<span class=\"_ _1d2\"> </span><span class=\"ls18 ws20\">Spain<span class=\"_ _1b4\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Navi<span class=\"_ _5\"></span>era L<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ing Sto<span class=\"_ _5\"></span>ne SLU<span class=\"_ _fa\"> </span>Sp<span class=\"_ _5\"></span>ain<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls BV<span class=\"_ _44\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Concessions Netherlands BV<span class=\"_ _22c\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conces<span class=\"_ _5\"></span>sionsDEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore N<span class=\"_ _5\"></span>L BV<span class=\"_ _22e\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Off<span class=\"_ _5\"></span>shore Shippi<span class=\"_ _3\"></span>ng BV<span class=\"_ _208\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Nether<span class=\"_ _5\"></span>lands BV<span class=\"_ _119\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>G-t<span class=\"_ _5\"></span>ec BV<span class=\"_ _1d8\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>SPT Eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt BV<span class=\"_ _22f\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Hol<span class=\"_ _5\"></span>ding BV<span class=\"_ _216\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e BV<span class=\"_ _230\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Aann<span class=\"_ _5\"></span>emin<span class=\"_ _5\"></span>gsma<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap<span class=\"_ _5\"></span>p\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel B<span class=\"_ _5\"></span>V<span class=\"_ _7f\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel B<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>er BV<span class=\"_ _20d\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel Kus<span class=\"_ _5\"></span>t- en Oeve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wer<span class=\"_ _5\"></span>ken BV<span class=\"_ _55\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Zan<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>loi<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>maat<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>pp\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; va<span class=\"_ _5\"></span>n de Wi<span class=\"_ _5\"></span>el BV<span class=\"_ _1dd\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Milie<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>chni<span class=\"_ _5\"></span>ek De Vr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel BV  <span class=\"_ _1d3\"> </span>The Netherlands<span class=\"_ _73\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>enta<span class=\"_ _5\"></span>l</span></span>DEME Co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV<span class=\"_ _1f8\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Seatec Holding<span class=\"_ _3\"></span> BV<span class=\"_ _1c5\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _7c\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _2f\"> </span>The Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Ukraine LLC<span class=\"_ _16d\"> </span>Uk<span class=\"_ _5\"></span>raine<span class=\"_ _19a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; InfraUnit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal R<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K FZ L<span class=\"_ _5\"></span>LC10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Emira<span class=\"_ _5\"></span>tesDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S INC<span class=\"_ _d1\"> </span>USA<span class=\"_ _218\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S LLC<span class=\"_ _fd\"> </span>USA<span class=\"_ _10c\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Mar<span class=\"_ _5\"></span>ine Con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding L<span class=\"_ _5\"></span>LC<span class=\"_ _49\"> </span>USA<span class=\"_ _1d3\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Marine Construc<span class=\"_ _5\"></span>tion &amp; Solutions LLC<span class=\"_ _4c\"> </span>USA<span class=\"_ _125\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cio<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>imo<span class=\"_ _5\"></span>s Ser<span class=\"_ _4\"></span>vim<span class=\"_ _5\"></span>ar SA<span class=\"_ _20d\"> </span>Ve<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>z<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.JOINT V<span class=\"_ _5\"></span>ENTURES (EQUIT<span class=\"_ _5\"></span>Y MET<span class=\"_ _5\"></span>HOD IN FINA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L ST<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TEMENTS BUT PROP<span class=\"_ _5\"></span>ORTI<span class=\"_ _5\"></span>ONA<span class=\"_ _2\"></span>TE MET<span class=\"_ _5\"></span>HOD IN SEGME<span class=\"_ _3\"></span>NT REPORTING)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingSc<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s Sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge &amp; Ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e Cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s NV<span class=\"_ _12e\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _59\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>4.38%<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>4.38%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>S\u00e9<span class=\"_ _5\"></span>dis<span class=\"_ _5\"></span>ol SA<span class=\"_ _231\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Blue S<span class=\"_ _5\"></span>ite S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _3\"></span>.45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>W\u00e9r<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>l S<span class=\"_ _5\"></span>A<span class=\"_ _e5\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Sil<span class=\"_ _5\"></span>vamo N<span class=\"_ _5\"></span>V<span class=\"_ _1f0\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>T<span class=\"_ _2\"></span>op Wallonie NV<span class=\"_ _79\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37.45%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>ransterra<span class=\"_ _8\"></span> NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _23\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>MSB Min<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>a\u00e7\u00f5<span class=\"_ _5\"></span>es Su<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tent<span class=\"_ _5\"></span>\u00e1ve<span class=\"_ _5\"></span>is do B<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>il SA<span class=\"_ _cf\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _232\"> </span><span class=\"lsc1 wscd\">51%<span class=\"_ _233\"> </span>51%<span class=\"_ _91\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>DEME Br<span class=\"_ _5\"></span>azi<span class=\"_ _5\"></span>l Ser<span class=\"_ _4\"></span>vi\u00e7<span class=\"_ _5\"></span>os d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em Ltda<span class=\"_ _147\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _12a\"> </span><span class=\"lse ws12\">0%<span class=\"_ _22\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span></span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>Guangzhou<span class=\"_ _3\"></span> Coscocs DEME New E<span class=\"_ _3\"></span>nergy Engineering<span class=\"_ _8\"></span> Co. Ltd<span class=\"_ _234\"> </span>China<span class=\"_ _18b\"> </span><span class=\"ls35 ws43\">49<span class=\"_ _8\"></span>.9<span class=\"_ _5\"></span>9%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de Cypru<span class=\"_ _5\"></span>s Ltd<span class=\"_ _22b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _11c\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Japan Of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hore Marine Ltd<span class=\"_ _2f\"> </span>Japan<span class=\"_ _1b4\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%<span class=\"_ _31\"> </span>49<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>BNS J<span class=\"_ _5\"></span>V Ltd<span class=\"_ _18a\"> </span><span class=\"ls18 ws20\">United Kingdo<span class=\"_ _5\"></span>m<span class=\"_ _235\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Normalu<span class=\"_ _5\"></span>x Marit<span class=\"_ _5\"></span>ime SA<span class=\"_ _d1\"> </span>Luxembourg<span class=\"_ _163\"> </span><span class=\"ls83 ws91\">3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Combined Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>erminal Op<span class=\"_ _5\"></span>erati<span class=\"_ _5\"></span>ons Maraf<span class=\"_ _5\"></span>i LLC<span class=\"_ _8b\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls83 ws91\">37.<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>7.<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _202\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Gul<span class=\"_ _5\"></span>f Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Q<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ar WLL<span class=\"_ _236\"> </span>Qatar<span class=\"_ _11d\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DIA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _237\"> </span>Thailand<span class=\"_ _179\"> </span><span class=\"ls35 ws43\">48.90%<span class=\"_ _cc\"> </span>48.90%<span class=\"_ _235\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>CS<span class=\"_ _5\"></span>BC DEM<span class=\"_ _5\"></span>E Wind En<span class=\"_ _5\"></span>gine<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ing Co Ltd (CDW<span class=\"_ _5\"></span>E)<span class=\"_ _1b5\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>CDWE Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jade S<span class=\"_ _5\"></span>hip<span class=\"_ _5\"></span>own<span class=\"_ _5\"></span>er Ltd<span class=\"_ _1e1\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DBM-<span class=\"_ _5\"></span>Bon<span class=\"_ _5\"></span>trup BV<span class=\"_ _17b\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>K3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _238\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Deepro<span class=\"_ _5\"></span>ck Beheer BV<span class=\"_ _f5\"> </span><span class=\"lse ws12\">The Netherlands<span class=\"_ _1ee\"> </span></span>50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span>Deeprock<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>V<span class=\"_ _212\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>as Con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g &amp; Char<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es BV<span class=\"_ _39\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Unit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Earth Moving Middle<span class=\"_ _8\"></span> Eas<span class=\"_ _5\"></span>t Contracting DMCEST50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Emira<span class=\"_ _5\"></span>tesThe s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 to the pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er in th<span class=\"_ _5\"></span>e comp<span class=\"_ _5\"></span>any. The s<span class=\"_ _5\"></span>ame ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ed for H<span class=\"_ _5\"></span>ydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>o SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dorm<span class=\"_ _5\"></span>ant co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny in the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s had a very immaterial<span class=\"_ _3\"></span> impact on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.Bu<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss co<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ls i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e  o<span class=\"_ _5\"></span>f 2<span class=\"_ _5\"></span>021There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations, nor disposals <span class=\"ls3 ws3\"> </span>i<span class=\"_ _5\"></span>n 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21.BUSINESS COMBINA<span class=\"_ _6\"></span>TIONS A<span class=\"_ _5\"></span>ND DISPOSAL<span class=\"_ _5\"></span>S IN THE COURSE O<span class=\"_ _5\"></span>F 202<span class=\"_ _8\"></span>2 AN<span class=\"_ _5\"></span>D 202<span class=\"_ _2\"></span>1Business combinations and<span class=\"_ _3\"></span> disposals in th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations in<span class=\"_ _3\"></span> 20<span class=\"_ _3\"></span>22<span class=\"_ _3\"></span>.Within the Off<span class=\"_ _5\"></span>shore Energy segment<span class=\"_ _3\"></span> the compan<span class=\"_ _3\"></span>y Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>ding BV a<span class=\"_ _5\"></span>nd i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tems BV w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d as p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t of a m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt buy<span class=\"_ _5\"></span>out<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is s<span class=\"_ _5\"></span>ale ha<span class=\"_ _5\"></span>s an imma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he financial statements. The manufacturing and<span class=\"_ _3\"></span> trading vehic<span class=\"_ _5\"></span>le S<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ec wa<span class=\"_ _5\"></span>s acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d in 2020 as pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. DEME s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>red e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y on t<span class=\"_ _5\"></span>he suction pump equipme<span class=\"_ _3\"></span>nt manufacturing ex<span class=\"_ _3\"></span>ecuted by Seatec throug<span class=\"_ _3\"></span>h a framework ag<span class=\"_ _3\"></span>reement.ASS<span class=\"_ _5\"></span>OCIA<span class=\"_ _2\"></span>TES (E<span class=\"_ _3\"></span>QUIT<span class=\"_ _5\"></span>Y METHOD<span class=\"_ _8\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t (Om<span class=\"_ _5\"></span>an) NV<span class=\"_ _239\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _61\"> </span><span class=\"lse ws12\">60%<span class=\"_ _166\"> </span>60%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Power@Sea NV<span class=\"_ _23a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _96\"> </span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _95\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Cons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t In<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ial P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t L<span class=\"_ _5\"></span>and N<span class=\"_ _5\"></span>V<span class=\"_ _2e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _61\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Blue O<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>n NV<span class=\"_ _134\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls88 ws96\">49<span class=\"_ _5\"></span>.9<span class=\"_ _5\"></span>4%<span class=\"_ _7e\"> </span>49.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Bluepower NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Bluechem Bui<span class=\"_ _3\"></span>lding NV<span class=\"_ _209\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">25<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Blue G<span class=\"_ _5\"></span>ate A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t NV<span class=\"_ _1d4\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls85 ws93\">25<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _91\"> </span>25.<span class=\"_ _5\"></span>46%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>erranova<span class=\"_ _8\"></span> NV<span class=\"_ _20f\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"lsa wsb\">24.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>24<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Zeeb<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>r\ue716 We<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>diep BV<span class=\"_ _100\"> </span><span class=\"ff65 ls59 ws62\">Belgium<span class=\"_ _61\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _166\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Felu<span class=\"_ _5\"></span>y M2M SA<span class=\"_ _23b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>19<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y B<span class=\"_ _5\"></span>IS NV<span class=\"_ _212\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _3\"></span>8.89%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y R<span class=\"_ _5\"></span>S N<span class=\"_ _5\"></span>V<span class=\"_ _23c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Rentel NV<span class=\"_ _23d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Hy<span class=\"_ _5\"></span>ve B<span class=\"_ _5\"></span>V<span class=\"_ _9c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>67<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ova S<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ar NV<span class=\"_ _12d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"lsc1 wscd\">16<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _7f\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>01%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Nor<span class=\"_ _4\"></span>th S<span class=\"_ _5\"></span>ea Wave N<span class=\"_ _5\"></span>V<span class=\"_ _124\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>SeaMade NV<span class=\"_ _7d\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>La V\u00e9lo<span class=\"_ _5\"></span>rie S<span class=\"_ _5\"></span>A<span class=\"_ _23e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>C<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er Ho<span class=\"_ _5\"></span>ldc<span class=\"_ _5\"></span>o NV<span class=\"_ _225\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span>10<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>C<span class=\"_ _2\"></span>-Power NV<span class=\"_ _1a3\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _40\"> </span><span class=\"ls85 ws93\">6.<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6%<span class=\"_ _9b\"> </span>6<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _ce\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Nou Vela S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Fra<span class=\"_ _5\"></span>nce<span class=\"_ _5d\"> </span><span class=\"ls19 ws16\">46<span class=\"_ _5\"></span>.60%<span class=\"_ _1d\"> </span>4<span class=\"_ _5\"></span>6.60<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Por<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-L<span class=\"_ _5\"></span>a Nouvelle<span class=\"_ _3\"></span> SEMOP<span class=\"_ _220\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _61\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>.77<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>23<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>7%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Thistle Wind Partners Ltd<span class=\"_ _101\"> </span>United Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _e0\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran D<span class=\"_ _5\"></span>eas Ear Ltd<span class=\"_ _1b8\"> </span>United Kin<span class=\"_ _5\"></span>gdom<span class=\"_ _c7\"> </span>42.50<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran E<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>-Thuath Ltd<span class=\"_ _19a\"> </span>Unite<span class=\"_ _5\"></span>d Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _167\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Wes<span class=\"_ _5\"></span>t Isla<span class=\"_ _5\"></span>y Tida<span class=\"_ _5\"></span>l Ener<span class=\"_ _5\"></span>gy Pa<span class=\"_ _5\"></span>rk Ltd<span class=\"_ _23f\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _78\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Rham<span class=\"_ _5\"></span>a Por<span class=\"_ _4\"></span>t Hub SR<span class=\"_ _5\"></span>L<span class=\"_ _221\"> </span>Italy<span class=\"_ _240\"> </span><span class=\"ls36 ws3d\">28%<span class=\"_ _31\"> </span>28%<span class=\"_ _1d\"> </span></span>Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Ceda<span class=\"_ _5\"></span>r Luxe<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>ARL<span class=\"_ _220\"> </span>Luxembourg<span class=\"_ _e0\"> </span>1.<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _92\"> </span><span class=\"lse ws12\">0%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Hypor<span class=\"_ _5\"></span>t Coordination Company LLC<span class=\"_ _241\"> </span>Oman<span class=\"_ _69\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span></span>ConcessionsPor<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm Co<span class=\"_ _5\"></span>mpany S<span class=\"_ _5\"></span>AOC<span class=\"_ _236\"> </span><span class=\"ls19 ws16\">O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span>30%<span class=\"_ _31\"> </span>30%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Duqm Indus<span class=\"_ _5\"></span>trial L<span class=\"_ _5\"></span>and Company LLC<span class=\"_ _16d\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>55%<span class=\"_ _7f\"> </span>27.55%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Duqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s and Inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent C<span class=\"_ _5\"></span>ompa<span class=\"_ _5\"></span>ny LLC<span class=\"_ _e0\"> </span>O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span><span class=\"ls85 ws93\">2<span class=\"_ _5\"></span>6%<span class=\"_ _31\"> </span>26%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DIAP-Daeli<span class=\"_ _3\"></span>m Joi<span class=\"_ _3\"></span>nt V<span class=\"_ _8\"></span>enture Pte L<span class=\"_ _8\"></span>td<span class=\"_ _22c\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>51%<span class=\"_ _7e\"> </span><span class=\"ls3 ws3\">Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra </span></span>DIAP-SHAP<span class=\"_ _3\"></span> Joint<span class=\"_ _3\"></span> V<span class=\"_ _3\"></span>enture<span class=\"_ _8\"></span> P<span class=\"_ _5\"></span>te Lt<span class=\"_ _3\"></span>d<span class=\"_ _242\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>5<span class=\"_ _5\"></span>1%<span class=\"_ _91\"> </span><span class=\"ls3 ws3\">Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a </span></span>BAAK Blankenbu<span class=\"_ _3\"></span>rg-V<span class=\"_ _8\"></span>erbinding BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>%<span class=\"_ _33\"> </span>15<span class=\"_ _5\"></span>%<span class=\"_ _167\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF I<span class=\"_ _5\"></span>NCOME COM<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>E ANA<span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>YSIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)Notes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>REVENUES<span class=\"_ _243\"> </span><span class=\"fc3 ls5c ws65\">2<span class=\"_ _5\"></span>,710<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>73<span class=\"_ _7e\"> </span></span><span class=\"ls38 ws41\">130,0<span class=\"_ _3\"></span>23</span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _244\"> </span>(1)<span class=\"_ _a9\"> </span>2,65<span class=\"_ _5\"></span>4,725<span class=\"_ _7c\"> </span><span class=\"lsc wsd\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>07<span class=\"_ _245\"> </span><span class=\"fc0 ls56 ws5e\">14<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>118</span></span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _17\"> </span>(2)<span class=\"_ _32\"> </span>56<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _9d\"> </span><span class=\"fc0 ls1e ws28\">-14<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5</span></span>OPERA<span class=\"_ _8\"></span>TING E<span class=\"_ _5\"></span>XPENSES<span class=\"_ _f1\"> </span>-2,555,<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>437,492<span class=\"_ _168\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span>Raw materials, consumable<span class=\"_ _5\"></span>s, ser<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ices and subcontr<span class=\"_ _5\"></span>acte<span class=\"_ _5\"></span>d work<span class=\"_ _1e1\"> </span>-1,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _152\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>1,57<span class=\"_ _8\"></span>5,624<span class=\"_ _168\"> </span><span class=\"fc0 ls38 ws41\">-<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>28,994</span></span>Personn<span class=\"_ _3\"></span>el expe<span class=\"_ _3\"></span>nses<span class=\"_ _246\"> </span>(3)<span class=\"_ _96\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>743<span class=\"_ _164\"> </span><span class=\"ls19 ws16\">-4<span class=\"_ _5\"></span>88,8<span class=\"_ _5\"></span>96<span class=\"_ _95\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>7</span></span>Depreciation and amor<span class=\"_ _5\"></span>tisation e<span class=\"_ _5\"></span>xpense<span class=\"_ _5\"></span>s<span class=\"_ _105\"> </span>(4)/(6)/(7)<span class=\"_ _159\"> </span>-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2</span></span>Impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt and r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _111\"> </span>(6)/(<span class=\"_ _5\"></span>7)<span class=\"_ _166\"> </span>-43<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span><span class=\"ls34 ws3e\">-34,<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _c0\"> </span><span class=\"fc0\">34,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>78</span></span>Impairm<span class=\"_ _5\"></span>ent of go<span class=\"_ _5\"></span>odw<span class=\"_ _5\"></span>ill and intangib<span class=\"_ _5\"></span>le ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _23f\"> </span>(4)/(5)<span class=\"_ _229\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls76 ws84\">-3<span class=\"_ _5\"></span>11<span class=\"_ _39\"> </span><span class=\"fc0\">3<span class=\"_ _5\"></span>11</span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _1ce\"> </span>(2)<span class=\"_ _c0\"> </span>-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,52<span class=\"_ _5\"></span>9<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>945<span class=\"_ _c0\"> </span><span class=\"fc0 ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>416</span></span>OPERA<span class=\"_ _8\"></span>TING RESUL<span class=\"_ _8\"></span>T<span class=\"_ _188\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span><span class=\"ls34 ws3e\">143,28<span class=\"_ _8\"></span>1<span class=\"_ _65\"> </span><span class=\"fc0 ls5a ws63\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>5</span></span>FINANCIAL<span class=\"_ _8\"></span> RESUL<span class=\"_ _8\"></span>T<span class=\"_ _1f\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _2e\"> </span><span class=\"ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12<span class=\"_ _96\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>9</span>Interes<span class=\"_ _5\"></span>t income<span class=\"_ _198\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>026<span class=\"_ _166\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _166\"> </span><span class=\"fc0 ls78 ws86\">1,8<span class=\"_ _4\"></span>45</span></span>Interes<span class=\"_ _5\"></span>t exp<span class=\"_ _5\"></span>ense<span class=\"_ _1fe\"> </span>-<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _2e\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _5\"></span>6,920<span class=\"_ _167\"> </span><span class=\"fc0 ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4</span></span>Realised/un<span class=\"_ _3\"></span>realised foreign currency tr<span class=\"_ _5\"></span>anslation ef<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ts<span class=\"_ _247\"> </span><span class=\"ls7e ws8c\">-11<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1d9\"> </span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _9b\"> </span><span class=\"fc0 ls1e ws28\">-17,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>4</span></span>Ot<span class=\"_ _5\"></span>her f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al inco<span class=\"_ _5\"></span>me an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es<span class=\"_ _98\"> </span>-4,289<span class=\"_ _2d\"> </span><span class=\"ls38 ws41\">-8,803<span class=\"_ _86\"> </span><span class=\"fc0 ls56 ws5e\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>514</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1ac\"> </span>130,9<span class=\"_ _8\"></span>25<span class=\"_ _7f\"> </span><span class=\"ls1a4 ws1cb\">13<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _2d\"> </span><span class=\"fc0 ls13 ws9a\">-6,944</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _22f\"> </span>(10)<span class=\"_ _81\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>36<span class=\"_ _5\"></span>1<span class=\"_ _e0\"> </span>-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9<span class=\"_ _22\"> </span><span class=\"fc0 ls88 ws96\">-2<span class=\"_ _5\"></span>82</span></span>RE<span class=\"_ _5\"></span>SU<span class=\"_ _5\"></span>L<span class=\"_ _8\"></span>T AF<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ER T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S<span class=\"_ _64\"> </span>99<span class=\"_ _8\"></span>,564<span class=\"_ _91\"> </span><span class=\"ls31 ws3a\">106,<span class=\"_ _8\"></span>790<span class=\"_ _2e\"> </span><span class=\"fc0 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Shar<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>rof<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t (lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s) of joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _12c\"> </span>(8)<span class=\"_ _88\"> </span>15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>27<span class=\"_ _c0\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _92\"> </span><span class=\"fc0 ls7a ws88\">5,<span class=\"_ _5\"></span>279</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _bd\"> </span>115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _96\"> </span><span class=\"ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _167\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>7</span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _181\"> </span>2,671<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,757<span class=\"_ _29\"> </span><span class=\"fc0 ls1d ws27\">-86</span></span>SHARE OF THE<span class=\"_ _8\"></span> GROUP<span class=\"_ _f1\"> </span><span class=\"ff64 ls10a ws115\">11<span class=\"_ _5\"></span>2<span class=\"_ _7\"> </span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _ae\"> </span>114<span class=\"_ _13\"> </span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"> </span>8<span class=\"_ _4\"></span>1<span class=\"_ _15a\"> </span><span class=\"fc0 ls89 ws97\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Joint vent<span class=\"_ _3\"></span>ures are<span class=\"_ _3\"></span> consolidated proportionally in the manageme<span class=\"_ _3\"></span>nt report f<span class=\"_ _5\"></span>igures, whereas acc<span class=\"_ _3\"></span>ording to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d (shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup) is not affe<span class=\"_ _5\"></span>cted by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _3\"></span> consolidation method, only the presentation is<span class=\"_ _3\"></span> dif<span class=\"_ _5\"></span>ferent.In th<span class=\"_ _5\"></span>e note<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d in this c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t anal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is, t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>igu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r financial sta<span class=\"_ _5\"></span>tements are disclos<span class=\"_ _5\"></span>ed.This p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t h<span class=\"_ _5\"></span>as to b<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>d tog<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he \u2018G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Per<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>ce 2022\u2019 ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in this a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e the majo<span class=\"_ _5\"></span>r cont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s to the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>plai<span class=\"_ _5\"></span>ned<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e \u2018Gr<span class=\"_ _5\"></span>oup P<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance 2022\u2019 w<span class=\"_ _5\"></span>hen e<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>ora<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g on the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mance o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>atel<span class=\"_ _5\"></span>y, as well as i<span class=\"_ _5\"></span>n the segment reporting, management re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t figures are use<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he on<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>ncili<span class=\"_ _5\"></span>ng it<span class=\"_ _5\"></span>em be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>gure<span class=\"_ _5\"></span>s and the f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s as in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s is th<span class=\"_ _5\"></span>e imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of the different consolidation method for jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures.C<span class=\"_ _8\"></span>OMP<span class=\"_ _6\"></span>AR<span class=\"_ _4\"></span>A<span class=\"_ _8c\"></span>TIVE FINANCIAL ST<span class=\"_ _8c\"></span>A<span class=\"_ _8c\"></span>TEMENT ANAL<span class=\"_ _12f\"></span>Y<span class=\"_ _8\"></span>SISThe <span class=\"ff6a ls31 ws3a\">share of profit of<span class=\"_ _8\"></span> joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _8\"></span> associates<span class=\"ff61 ls3 ws3\"> </span></span>incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 5.3 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR mai<span class=\"_ _5\"></span>nly du<span class=\"_ _5\"></span>e to an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The amount attributable to non-controlling<span class=\"_ _8\"></span> interes<span class=\"_ _5\"></span>ts remained s<span class=\"_ _5\"></span>table compar<span class=\"_ _5\"></span>ed to last year<span class=\"_ _8\"></span>.The<span class=\"ff6a ls3 ws3\"> res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d (sha<span class=\"_ _5\"></span>re o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p)</span><span class=\"ls8c ws54\"> dec<span class=\"_ _3\"></span>reased </span>wi<span class=\"_ _5\"></span>th 1.9 millio<span class=\"_ _5\"></span>n EUR com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed to l<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t year a<span class=\"_ _5\"></span>nd amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 1<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>2.<span class=\"_ _3\"></span>7 milli<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>hich i<span class=\"_ _5\"></span>s 4.<span class=\"_ _5\"></span>45 EUR per s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>.The<span class=\"ff6a ls81 ws8f\"> result<span class=\"_ _8\"></span> before tax<span class=\"_ _3\"></span>es<span class=\"ff61 ls3 ws3\"> is 6.9 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR lo<span class=\"_ _5\"></span>wer </span></span>than l<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t year an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ate in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d to 24.0% co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 22.5% las<span class=\"_ _5\"></span>t year.202<span class=\"_ _3\"></span>1 (dif<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e -<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.3 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R). Th<span class=\"_ _5\"></span>is main<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eva<span class=\"_ _5\"></span>luat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the Eg<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>tian P<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d, le<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g to a negative re<span class=\"_ _3\"></span>measurement of<span class=\"_ _3\"></span> the cash and<span class=\"_ _3\"></span> outs<span class=\"_ _5\"></span>tanding rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e Abu Q<span class=\"_ _5\"></span>ir pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in Egy<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>. Fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>mor<span class=\"_ _5\"></span>e, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 8 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, due t<span class=\"_ _5\"></span>o a high<span class=\"_ _5\"></span>er deb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n as a co<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>que<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>ssu<span class=\"_ _5\"></span>ance of ne<span class=\"_ _5\"></span>w ter<span class=\"_ _5\"></span>m loa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of 4<span class=\"_ _5\"></span>40 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR (ref<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)<span class=\"_ _3\"></span>) and le<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es in 2022. Intere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he 'O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on' ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g wer<span class=\"_ _5\"></span>e not longer capitalised as from J<span class=\"_ _3\"></span>une, as a<span class=\"_ _3\"></span>ll activities to prepare the ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel f<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s inten<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d use w<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>hen co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>d.The d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he <span class=\"ff6a ls34 ws3e\">f<span class=\"_ _5\"></span>inancial result </span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _3\"></span>9 milli<span class=\"_ _5\"></span>on EUR is main<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e real<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d/unreal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>slat<span class=\"_ _5\"></span>ion e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of -<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>1.<span class=\"_ _6\"></span>1 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022,in com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>on wi<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f 6 mill<span class=\"_ _5\"></span>ion EUR i<span class=\"_ _5\"></span>n The<span class=\"ff6a ls16 ws1d\"> operating<span class=\"_ _3\"></span> result<span class=\"ff61 ls3 ws3\"> or EBIT in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n </span></span>EUR bu<span class=\"_ _5\"></span>t the EB<span class=\"_ _5\"></span>IT ma<span class=\"_ _5\"></span>rgin r<span class=\"_ _5\"></span>emain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame, d<span class=\"_ _5\"></span>ue to a high<span class=\"_ _5\"></span>er numb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l do<span class=\"_ _5\"></span>cki<span class=\"_ _5\"></span>ngs an<span class=\"_ _5\"></span>d over<span class=\"_ _5\"></span>haul<span class=\"_ _5\"></span>s, inflation, consumables a<span class=\"_ _3\"></span>nd commodity price in<span class=\"_ _3\"></span>creases. The <span class=\"ff6a ls16 ws1d\">depreciation expenses </span>incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to the n<span class=\"_ _5\"></span>ew ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>, \u2018S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 and \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>oen<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>\u2019. On the oth<span class=\"_ _5\"></span>er han<span class=\"_ _5\"></span>d, n<span class=\"_ _5\"></span>o signi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant <span class=\"ff6a ls34 ws3e\">impair<span class=\"_ _5\"></span>ments</span> are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed in 2022 while in 2021<span class=\"_ _8\"></span>, 35 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s were included. <span class=\"ff6a ls16 ws1d\">Other operating<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpenses<span class=\"ff61 ls3 ws3\"> decr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 20 </span></span>million EUR and will be fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her exp<span class=\"_ _5\"></span>lained in the note<span class=\"_ _5\"></span>s.T<span class=\"_ _2\"></span>otal revenues<span class=\"ff61 ls3 ws3\"> in 20<span class=\"_ _3\"></span>22 incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>30 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.  </span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r<span class=\"ff61 ls3 ws3\"> incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>r 6% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d </span>to 2022, whe<span class=\"_ _5\"></span>reas <span class=\"ff6a ls33 ws3c\">o<span class=\"_ _5\"></span>ther operating income<span class=\"_ _8\"></span><span class=\"ff61 ls8c ws54\"> decreased </span></span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng inc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f 2022 includ<span class=\"_ _5\"></span>es liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived as compensation for<span class=\"_ _3\"></span> the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he late deliver<span class=\"_ _5\"></span>y of ins<span class=\"_ _5\"></span>talla<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel \u2018O<span class=\"_ _5\"></span>rion<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>fs<span class=\"_ _5\"></span>hore Energy segment)<span class=\"_ _3\"></span> for 1<span class=\"_ _8\"></span>9 mill<span class=\"_ _3\"></span>ion EUR, whereas<span class=\"_ _3\"></span> the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e of 2021 includ<span class=\"_ _5\"></span>ed 1<span class=\"_ _3\"></span>5 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived relating<span class=\"_ _3\"></span> to cutter suction dre<span class=\"_ _5\"></span>dger \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>tac<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019 (Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t). A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"ff61\"> r<span class=\"_ _5\"></span>emai<span class=\"_ _5\"></span>ned s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e. In 2021 the amo<span class=\"_ _5\"></span>unt </span>was r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on of t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alue of th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el (s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in Ap<span class=\"_ _5\"></span>ril 2022) from p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. In 2<span class=\"_ _5\"></span>022 the amou<span class=\"_ _5\"></span>nt is r<span class=\"_ _5\"></span>elate<span class=\"_ _5\"></span>d to another vessel within the<span class=\"_ _8\"></span> O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy segment.Other current<span class=\"_ _3\"></span> assets<span class=\"ff61 ls3 ws3\"> incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 56 mill<span class=\"_ _5\"></span>ion EUR </span>comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021<span class=\"_ _8\"></span>, mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to a<span class=\"_ _5\"></span>n incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>n the U<span class=\"_ _5\"></span>S proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s V<span class=\"_ _5\"></span>iney<span class=\"_ _5\"></span>ard an<span class=\"_ _5\"></span>d Coas<span class=\"_ _5\"></span>tal Virginia<span class=\"_ _5\"></span>.Inv<span class=\"_ _3\"></span>entories, co<span class=\"_ _3\"></span>ntract assets and<span class=\"_ _3\"></span> trade and<span class=\"_ _8\"></span> other operating rec<span class=\"_ _3\"></span>eivables<span class=\"ff61 ls8c ws54\"> i<span class=\"_ _3\"></span>ncreased<span class=\"_ _8\"></span> with respectively </span>1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>5, 18.<span class=\"_ _2\"></span>1 and 85<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in tr<span class=\"_ _5\"></span>ade and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut ma<span class=\"_ _5\"></span>inly d<span class=\"_ _5\"></span>ue to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of major projects and the ti<span class=\"_ _3\"></span>ming of i<span class=\"_ _3\"></span>nvoici<span class=\"_ _3\"></span>ng as contract as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s up<span class=\"_ _5\"></span>on acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ance by the c<span class=\"_ _5\"></span>lien<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an inc<span class=\"_ _5\"></span>reas<span class=\"_ _5\"></span>e in ov<span class=\"_ _5\"></span>erdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in <span class=\"ff6a ls31 ws3a\">investments<span class=\"_ _3\"></span> in joi<span class=\"_ _3\"></span>nt v<span class=\"_ _3\"></span>entures<span class=\"_ _3\"></span> and<span class=\"ff61 ls3 ws3\"> </span></span>associates<span class=\"_ _8\"></span><span class=\"ff61 ls3 ws3\"> i<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o </span>the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>ompr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome (<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>caus<span class=\"_ _5\"></span>e of the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st-rate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es).Be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e reas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, we al<span class=\"_ _5\"></span>so o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in <span class=\"ff6a ls34 ws3e\">non-<span class=\"_ _5\"></span>current and current fina<span class=\"_ _5\"></span>ncial </span>derivatives<span class=\"ff61 ls3 ws3\"> due to the p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive ev<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e </span>fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in 2022.T<span class=\"_ _2\"></span>otal assets<span class=\"ff61 ls3 ws3\"> of the ye<span class=\"_ _5\"></span>ar inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 4<span class=\"_ _5\"></span>60.<span class=\"_ _5\"></span>2 mil<span class=\"_ _5\"></span>lion </span>EUR<span class=\"_ _5\"></span>, of w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se in <span class=\"ff6a ls33 ws3c\">prop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ty<span class=\"_ _3\"></span>, plant </span>and<span class=\"ff61 ls3 ws3\"> </span><span class=\"ls34 ws3e\">equipment<span class=\"ff61 lse ws12\"> represents the largest increasing<span class=\"_ _3\"></span> </span></span>cat<span class=\"_ _5\"></span>ego<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce she<span class=\"_ _5\"></span>et (+ 1<span class=\"_ _2\"></span>63 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR). Main inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 2022 includ<span class=\"_ _5\"></span>e the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019, DEME\u2019s revolut<span class=\"_ _5\"></span>ionar<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e installa<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel whic<span class=\"_ _5\"></span>h of<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>cially was a<span class=\"_ _5\"></span>dde<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>lee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d quar<span class=\"_ _4\"></span>ter of 2<span class=\"_ _5\"></span>022, the a<span class=\"_ _5\"></span>cquis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion an<span class=\"_ _5\"></span>d conve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f ca<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>-l<span class=\"_ _5\"></span>ayin<span class=\"_ _5\"></span>g ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ikin<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in a n<span class=\"_ _5\"></span>ew ro<span class=\"_ _5\"></span>ck dump<span class=\"_ _5\"></span>ing ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l and t<span class=\"_ _5\"></span>he up<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>de of t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ller<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>. Als<span class=\"_ _5\"></span>o si<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>can<span class=\"_ _5\"></span>t main<span class=\"_ _5\"></span>tenan<span class=\"_ _5\"></span>ce inves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s in D<span class=\"_ _5\"></span>EME\u2019s ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d. ASSE<span class=\"_ _5\"></span>TSNotes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>NON-CURRENT ASSETS<span class=\"_ _51\"> </span>2,<span class=\"_ _5\"></span>969,<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>9<span class=\"_ _152\"> </span><span class=\"ls18 ws20\">2,69<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>235<span class=\"_ _91\"> </span><span class=\"ls79 ws87\">275,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4</span></span>Intan<span class=\"_ _5\"></span>gible ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _9a\"> </span>(4)<span class=\"_ _86\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15<span class=\"_ _2d\"> </span><span class=\"ls8b ws99\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513<span class=\"_ _83\"> </span><span class=\"fc0 ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8</span></span>Goodwil<span class=\"_ _3\"></span>l<span class=\"_ _1ac\"> </span>(5)<span class=\"_ _88\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _2d\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _11c\"> </span><span class=\"fc0 ls3 ws3\">-</span></span>Pro<span class=\"_ _5\"></span>per<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pmen<span class=\"_ _5\"></span>t<span class=\"_ _7b\"> </span>(6)<span class=\"_ _164\"> </span>2,422,048<span class=\"_ _7c\"> </span><span class=\"ls55 ws5d\">2,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>41<span class=\"_ _7f\"> </span><span class=\"fc0\">16<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>07</span></span>Right<span class=\"_ _8\"></span>-of-use asset<span class=\"_ _5\"></span>s<span class=\"_ _248\"> </span><span class=\"ls7b ws89\">(7)<span class=\"_ _8b\"> </span></span>98,994<span class=\"_ _81\"> </span><span class=\"ls59 ws62\">90,620<span class=\"_ _92\"> </span><span class=\"fc0 ls8b ws99\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>74</span></span>Inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1f8\"> </span><span class=\"lsb wsc\">(8)<span class=\"_ _81\"> </span><span class=\"ls8b ws99\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _96\"> </span>13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _c0\"> </span></span><span class=\"fc0\">69,9<span class=\"_ _5\"></span>67</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _1c2\"> </span>(9)<span class=\"_ _32\"> </span>32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _c0\"> </span><span class=\"lsc wsd\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _2b\"> </span><span class=\"fc0 ls76 ws84\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>current f<span class=\"_ _5\"></span>inancial derivat<span class=\"_ _5\"></span>ives<span class=\"_ _225\"> </span>(19)<span class=\"_ _2e\"> </span>39<span class=\"_ _5\"></span>,336<span class=\"_ _39\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _c0\"> </span><span class=\"fc0 ls75 ws82\">3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23</span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _249\"> </span><span class=\"ls1a9 ws1cf\">3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _18e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span></span><span class=\"fc0\">3<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>7</span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _136\"> </span>209<span class=\"_ _184\"> </span><span class=\"ls1ac ws1d2\">6<span class=\"_ _5\"></span>13<span class=\"_ _39\"> </span><span class=\"fc0 ls1ce ws1f8\">-404</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _e5\"> </span>(9)<span class=\"_ _86\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _92\"> </span><span class=\"ls34 ws3e\">4,239<span class=\"_ _92\"> </span><span class=\"fc0 ls147 ws157\">7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3</span></span>Deferred<span class=\"_ _8\"></span> tax assets<span class=\"_ _24a\"> </span>(10)<span class=\"_ _95\"> </span>124<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _163\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>34,949<span class=\"_ _95\"> </span><span class=\"fc0 ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1</span></span>CURRENT ASSETS<span class=\"_ _f0\"> </span>1,540,489<span class=\"_ _77\"> </span><span class=\"ls13 ws9a\">1,3<span class=\"_ _3\"></span>55,36<span class=\"_ _3\"></span>2<span class=\"_ _7f\"> </span><span class=\"fc0 ls8 ws8\">1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7</span></span>Inventories<span class=\"_ _5b\"> </span>(<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>)<span class=\"_ _2e\"> </span>25,696<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _2d\"> </span><span class=\"fc0 ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span></span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _1bd\"> </span>(12<span class=\"_ _5\"></span>)<span class=\"_ _95\"> </span>344,<span class=\"_ _8\"></span>75<span class=\"_ _8\"></span>1<span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">326<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>85<span class=\"_ _84\"> </span><span class=\"fc0 ls56 ws5e\">18<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _247\"> </span>(13<span class=\"_ _5\"></span>)<span class=\"_ _96\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529<span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>022<span class=\"_ _84\"> </span><span class=\"fc0 ls3f ws67\">8<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07</span></span>Current financial der<span class=\"_ _5\"></span>ivati<span class=\"_ _5\"></span>ves<span class=\"_ _24b\"> </span>(19)<span class=\"_ _2e\"> </span>22<span class=\"_ _5\"></span>,022<span class=\"_ _86\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>07<span class=\"_ _c0\"> </span><span class=\"fc0 ls1b ws24\">1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>15</span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _24c\"> </span><span class=\"ls1ad ws1d3\">17,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _18e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span></span><span class=\"fc0\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _24d\"> </span>4,38<span class=\"_ _5\"></span>4<span class=\"_ _26\"> </span><span class=\"ls1ae ws1d4\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>207<span class=\"_ _1bf\"> </span><span class=\"fc0 ls1a9 ws1cf\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _24e\"> </span>(14)<span class=\"_ _20\"> </span>31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _65\"> </span><span class=\"ls7a ws88\">3<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>456<span class=\"_ _22\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>459</span></span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _24f\"> </span>(15<span class=\"_ _5\"></span>)<span class=\"_ _95\"> </span>1<span class=\"_ _8\"></span>24,23<span class=\"_ _8\"></span>3<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c0\"> </span><span class=\"fc0 ls55 ws5d\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>(18)/(19)<span class=\"_ _235\"> </span>5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>61<span class=\"_ _7f\"> </span><span class=\"ls79 ws87\">528,63<span class=\"_ _5\"></span>2<span class=\"_ _35\"> </span><span class=\"fc0 ls1c ws26\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>371</span></span>TOT<span class=\"_ _8\"></span>AL A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S<span class=\"_ _250\"> </span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _1f2\"> </span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>49,597<span class=\"_ _73\"> </span><span class=\"fc0 lsdc wse7\">4<span class=\"_ _13\"> </span>6<span class=\"_ _7\"> </span>0<span class=\"_ _13\"> </span>,1<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>1</span>CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L PO<span class=\"_ _5\"></span>SITI<span class=\"_ _5\"></span>ON CO<span class=\"_ _3\"></span>MP<span class=\"_ _2\"></span>AR<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIVE ANAL<span class=\"_ _0\"></span>Y<span class=\"_ _8\"></span>SIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)GROU<span class=\"_ _5\"></span>P EQUIT<span class=\"_ _5\"></span>Y AND LIA<span class=\"_ _5\"></span>BILITI<span class=\"_ _5\"></span>ESNotes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>SHAREHOLDERS\u2019 EQUITY<span class=\"_ _251\"> </span>(16<span class=\"_ _5\"></span>)<span class=\"_ _7e\"> </span>1,75<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _235\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>,579<span class=\"_ _3\"></span>,543<span class=\"_ _91\"> </span><span class=\"fc0 ls10 ws14\">1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>4,404 </span></span>Issue<span class=\"_ _5\"></span>d capit<span class=\"_ _5\"></span>al<span class=\"_ _252\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _167\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,11<span class=\"_ _4\"></span>0<span class=\"_ _92\"> </span><span class=\"fc0 lsf ws13\">2,084</span></span>Share premium<span class=\"_ _253\"> </span><span class=\"ls59 ws62\">4<span class=\"_ _3\"></span>75,989<span class=\"_ _86\"> </span>5,645<span class=\"_ _91\"> </span><span class=\"fc0 ls75 ws82\">47<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>Ret<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ea<span class=\"_ _5\"></span>rnin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _254\"> </span>1<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>8,272<span class=\"_ _7c\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span><span class=\"fc0 ls79 ws87\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>,552 </span></span>Hedgin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _253\"> </span>70,02<span class=\"_ _5\"></span>0<span class=\"_ _245\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>872<span class=\"_ _65\"> </span><span class=\"fc0 ls1c ws26\">9<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> </span></span>Remeasurement on re<span class=\"_ _5\"></span>tirement obligation<span class=\"_ _5\"></span>s<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _95\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>41,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _86\"> </span><span class=\"fc0 ls7c ws8a\">3,<span class=\"_ _5\"></span>825 </span></span>Cumu<span class=\"_ _3\"></span>lative translati<span class=\"_ _3\"></span>on adjustment<span class=\"_ _46\"> </span>-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>070<span class=\"_ _35\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81<span class=\"_ _166\"> </span><span class=\"fc0 ls76 ws84\">2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11<span class=\"_ _4\"></span> </span></span>NON-CONTROLLING INTERESTS<span class=\"_ _255\"> </span><span class=\"fc3 ls5c ws65\">22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>318<span class=\"_ _65\"> </span>19,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _83\"> </span></span><span class=\"lsf ws13\">2<span class=\"_ _5\"></span>,622 </span>GROUP EQ<span class=\"_ _3\"></span>UITY<span class=\"_ _256\"> </span>1,776<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>26<span class=\"_ _5\"></span>5<span class=\"_ _235\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _3\"></span>,599<span class=\"_ _8\"></span>,239<span class=\"_ _7f\"> </span><span class=\"fc0 ls3 ws3\">1<span class=\"_ _3\"></span>77<span class=\"_ _8\"></span>,026 </span></span>NON-CURRENT LIABILITIES<span class=\"_ _257\"> </span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _7f\"> </span><span class=\"ls5c ws65\">78<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,718<span class=\"_ _7f\"> </span></span><span class=\"ls5a ws63\">22<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span> </span>Retir<span class=\"_ _5\"></span>ement obli<span class=\"_ _5\"></span>gation<span class=\"_ _5\"></span>s<span class=\"_ _1b3\"> </span>(<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1)<span class=\"_ _1d9\"> </span>6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>523<span class=\"_ _65\"> </span><span class=\"lsb wsc\">65<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>67<span class=\"_ _2e\"> </span><span class=\"fc0 ls8b ws99\">-<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Provisions<span class=\"_ _4f\"> </span>(<span class=\"_ _5\"></span>23)<span class=\"_ _1d9\"> </span>42,985<span class=\"_ _65\"> </span><span class=\"ls7f ws8d\">3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>2<span class=\"_ _166\"> </span><span class=\"fc0 ls8b ws99\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _17\"> </span>(18)<span class=\"_ _2e\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls7f ws8d\">57<span class=\"_ _5\"></span>7,970<span class=\"_ _258\"> </span><span class=\"fc0 ls76 ws84\">2<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span> </span></span>Non-<span class=\"_ _5\"></span>current f<span class=\"_ _5\"></span>inancial derivat<span class=\"_ _5\"></span>ives<span class=\"_ _259\"> </span>(19)<span class=\"_ _233\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _84\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _c0\"> </span><span class=\"fc0 ls75 ws82\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _25a\"> </span>-<span class=\"_ _22\"> </span><span class=\"ls1ab ws1d1\">2<span class=\"_ _5\"></span>,608<span class=\"_ _31\"> </span><span class=\"fc0 ls1d3 ws1f9\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8 </span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _25b\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _86\"> </span><span class=\"ls1b0 ws1d6\">2<span class=\"_ _8\"></span>4,260<span class=\"_ _88\"> </span><span class=\"fc0 lsc6 wsd1\">2<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>01<span class=\"_ _5\"></span> </span></span>Ot<span class=\"_ _5\"></span>her non-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>rent f<span class=\"_ _5\"></span>inancial liabili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _25c\"> </span>(8)<span class=\"_ _29\"> </span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>38<span class=\"_ _92\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27<span class=\"_ _20\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span></span>Def<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed ta<span class=\"_ _5\"></span>x liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _25d\"> </span>(10)<span class=\"_ _22\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _35\"> </span><span class=\"ls34 ws3e\">7<span class=\"_ _8\"></span>4,21<span class=\"_ _8\"></span>4<span class=\"_ _167\"> </span><span class=\"fc0 ls49 ws51\">-7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> </span></span>CURRENT LIABILITIES<span class=\"_ _25e\"> </span>1,718<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>53<span class=\"_ _77\"> </span><span class=\"lsf ws13\">1,663,6<span class=\"_ _5\"></span>40<span class=\"_ _84\"> </span></span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _17\"> </span>(18)<span class=\"_ _20\"> </span>252<span class=\"_ _5\"></span>,870<span class=\"_ _7e\"> </span><span class=\"ls34 ws3e\">343,<span class=\"_ _3\"></span>340<span class=\"_ _96\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> </span></span>Current financial der<span class=\"_ _5\"></span>ivati<span class=\"_ _5\"></span>ves<span class=\"_ _228\"> </span>(<span class=\"_ _5\"></span>19)<span class=\"_ _3d\"> </span>31,57<span class=\"_ _5\"></span>9<span class=\"_ _c0\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0 ls76 ws84\">19<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _25a\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls1b1 ws1d7\">1,8<span class=\"_ _5\"></span>92<span class=\"_ _233\"> </span><span class=\"fc0 ls1c1 ws1e9\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _1ae\"> </span>31,<span class=\"_ _5\"></span>579<span class=\"_ _166\"> </span><span class=\"ls1b2 ws1d8\">10,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span><span class=\"fc0 ls1a9 ws1cf\">2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> </span></span>Provisions<span class=\"_ _4f\"> </span>(<span class=\"_ _5\"></span>23)<span class=\"_ _38\"> </span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _92\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _38\"> </span><span class=\"fc0 ls7f ws8d\">976<span class=\"_ _5\"></span> </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _1d7\"> </span>(12<span class=\"_ _5\"></span>)<span class=\"_ _20\"> </span>323,300<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>95<span class=\"_ _7f\"> </span><span class=\"fc0\">14<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>05<span class=\"_ _5\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _1d7\"> </span>(<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>)<span class=\"_ _33\"> </span>72<span class=\"_ _5\"></span>,53<span class=\"_ _5\"></span>9<span class=\"_ _163\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _95\"> </span><span class=\"fc0 ls36 ws3d\">-28,528 </span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables<span class=\"_ _1ae\"> </span>777<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>05<span class=\"_ _7e\"> </span><span class=\"ls37 ws83\">772,905<span class=\"_ _88\"> </span><span class=\"fc0 ls3 ws3\">4,8<span class=\"_ _5\"></span>00 </span></span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _d0\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _65\"> </span><span class=\"ls58 ws61\">94<span class=\"_ _5\"></span>,026<span class=\"_ _166\"> </span></span><span class=\"fc0\">4<span class=\"_ _5\"></span>,767<span class=\"_ _5\"></span> </span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _9c\"> </span><span class=\"ls75 ws82\">(10)<span class=\"_ _33\"> </span><span class=\"ls7f ws8d\">66<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>1<span class=\"_ _c0\"> </span>76,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0<span class=\"_ _2e\"> </span></span><span class=\"fc0\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> </span></span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _e5\"> </span>(22)<span class=\"_ _31\"> </span>89,9<span class=\"_ _5\"></span>82<span class=\"_ _c0\"> </span><span class=\"ls75 ws82\">78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _35\"> </span><span class=\"fc0 ls76 ws84\">11,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span></span>TOT<span class=\"_ _2\"></span>AL LIABILITIE<span class=\"_ _5\"></span>S<span class=\"_ _1cb\"> </span>2<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _1f2\"> </span>2<span class=\"_ _5\"></span>,450,358<span class=\"_ _73\"> </span><span class=\"fc0 lsdc wse7\">2<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span>3<span class=\"_ _13\"> </span>,1<span class=\"_ _4\"></span>5<span class=\"_ _7\"> </span>5<span class=\"_ _7\"> </span> </span>TOT<span class=\"_ _2\"></span>AL GROUP EQUITY AND LIABILITIES<span class=\"_ _b8\"> </span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _1ed\"> </span>4<span class=\"_ _5\"></span>,049,<span class=\"_ _5\"></span>597<span class=\"_ _74\"> </span><span class=\"fc0 lsdc wse7\">4<span class=\"_ _13\"> </span>6<span class=\"_ _13\"> </span>0<span class=\"_ _13\"> </span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"> </span>1<span class=\"_ _7\"> </span> </span>CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH FLOWS C<span class=\"_ _3\"></span>OMP<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VE A<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>YSIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)Notes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>CA<span class=\"_ _5\"></span>SH AND CASH EQUIV<span class=\"_ _8\"></span>ALENTS, OPENING BALANCE<span class=\"_ _224\"> </span>528,6<span class=\"_ _5\"></span>32<span class=\"_ _7e\"> </span><span class=\"ls6b ws78\">62<span class=\"_ _5\"></span>1,937<span class=\"_ _258\"> </span></span><span class=\"fc0\">-93,305</span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W FROM OPERA<span class=\"_ _8\"></span>TING ACTIVITIES BEFORE CHANGES IN 411<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _91\"> </span><span class=\"ls3 ws3\">44<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>356<span class=\"_ _163\"> </span><span class=\"fc0 ls31 ws3a\">-<span class=\"_ _8\"></span>28,880</span></span>WORKING CAPIT<span class=\"_ _8\"></span>ALCHA<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N WOR<span class=\"_ _5\"></span>KI<span class=\"_ _5\"></span>NG C<span class=\"_ _5\"></span>AP<span class=\"_ _5\"></span>ITAL<span class=\"_ _15e\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>893<span class=\"_ _96\"> </span><span class=\"ls5c ws65\">-2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>82<span class=\"_ _84\"> </span><span class=\"fc0 ls79 ws87\">4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,675</span></span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W FROM OPERA<span class=\"_ _8\"></span>TING ACTIVITIES<span class=\"_ _24b\"> </span>436,369<span class=\"_ _7f\"> </span><span class=\"ls5a ws63\">41<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74<span class=\"_ _c0\"> </span></span><span class=\"lsd9 wse4\">16,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span>Inves<span class=\"_ _5\"></span>tmen<span class=\"_ _5\"></span>ts<span class=\"_ _198\"> </span>-51<span class=\"_ _2\"></span>2<span class=\"_ _5\"></span>,855<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span><span class=\"fc0 ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>5</span></span>Divestment<span class=\"_ _5\"></span>s<span class=\"_ _1bb\"> </span><span class=\"lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>01<span class=\"_ _65\"> </span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>247</span></span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W (USED<span class=\"_ _8\"></span> IN) / FROM INVESTING ACTIVITIES<span class=\"_ _2f\"> </span>-4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8,85<span class=\"_ _5\"></span>4<span class=\"_ _14e\"> </span><span class=\"ls6e ws7b\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>12<span class=\"_ _14e\"> </span></span><span class=\"ls84 ws92\">-222,4<span class=\"_ _5\"></span>42</span>New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _20f\"> </span>(18)<span class=\"_ _35\"> </span>465,000<span class=\"_ _84\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _163\"> </span><span class=\"fc0 ls8b ws99\">413<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span></span>Repayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _fe\"> </span>(18)<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _a9\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875<span class=\"_ _cc\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3</span></span>Gro<span class=\"_ _5\"></span>ss d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iden<span class=\"_ _5\"></span>d pai<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>rs<span class=\"_ _150\"> </span>(16)<span class=\"_ _8b\"> </span>-40,84<span class=\"_ _3\"></span>3<span class=\"_ _96\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421<span class=\"_ _95\"> </span><span class=\"fc0\">-20,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>22</span></span>Gro<span class=\"_ _5\"></span>ss d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iden<span class=\"_ _5\"></span>d pai<span class=\"_ _5\"></span>d to no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ollin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls55 ws5d\">(16<span class=\"_ _5\"></span>)<span class=\"_ _43\"> </span></span>-504<span class=\"_ _11c\"> </span>-<span class=\"_ _3d\"> </span><span class=\"fc0\">-50<span class=\"_ _5\"></span>4</span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W (USED<span class=\"_ _8\"></span> IN) / FROM FINANCIAL ACTIVITIES<span class=\"_ _25c\"> </span>43,<span class=\"_ _8\"></span>16<span class=\"_ _3\"></span>5<span class=\"_ _169\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _96\"> </span><span class=\"fc0 ls8 ws8\">2<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>7</span></span>NET INCREASE (DECREASE) IN CASH AND CA<span class=\"_ _5\"></span>SH EQUIV<span class=\"_ _8\"></span>ALENTS<span class=\"_ _139\"> </span>-9,<span class=\"_ _5\"></span>320<span class=\"_ _163\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>0<span class=\"_ _65\"> </span><span class=\"fc0 ls88 ws96\">85<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470</span></span>Impa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>n ca<span class=\"_ _5\"></span>sh and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _44\"> </span>2,9<span class=\"_ _5\"></span>49<span class=\"_ _86\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _86\"> </span><span class=\"fc0\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4</span></span>CA<span class=\"_ _5\"></span>SH AND CASH EQUIV<span class=\"_ _8\"></span>ALENTS, ENDING BALANCE<span class=\"_ _f8\"> </span>52<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>61<span class=\"_ _b1\"> </span><span class=\"ls84 ws92\">528<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>632<span class=\"_ _78\"> </span><span class=\"fc0 ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>71</span></span>The <span class=\"ff6a ls34 ws3e\">contr<span class=\"_ _5\"></span>act liabilities</span><span class=\"ls19 ws16\"> increa<span class=\"_ _5\"></span>sed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _8\"></span>42 million </span>EUR<span class=\"_ _5\"></span>, par<span class=\"_ _4\"></span>tl<span class=\"_ _5\"></span>y due to a<span class=\"_ _5\"></span>n incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut mai<span class=\"_ _5\"></span>nly due to t<span class=\"_ _5\"></span>he tim<span class=\"_ _5\"></span>ing (e.g<span class=\"_ _5\"></span>. new p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>tar<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g up wh<span class=\"_ _5\"></span>ere the inv<span class=\"_ _3\"></span>oicing is<span class=\"_ _8\"></span> ahead of the operational ex<span class=\"_ _3\"></span>ecution of the project for some major<span class=\"_ _8\"></span> US of<span class=\"_ _5\"></span>fshore projec<span class=\"_ _5\"></span>ts).Non-cur<span class=\"_ _5\"></span>rent liabilities<span class=\"ff61 ls19 ws16\"> increas<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th 228.<span class=\"_ _8\"></span>7 million </span>EUR of w<span class=\"_ _5\"></span>hich 21<span class=\"_ _2\"></span>1.9 milli<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt is r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of 4<span class=\"_ _5\"></span>40 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t by rei<span class=\"_ _5\"></span>mbur<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for 246 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-b<span class=\"_ _5\"></span>earin<span class=\"_ _5\"></span>g debt decre<span class=\"_ _5\"></span>ased w<span class=\"_ _5\"></span>ith 90.<span class=\"_ _5\"></span>4 million EUR.Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>ty <span class=\"ff61\">i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>77 millio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d is ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t </span>to the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear o<span class=\"_ _5\"></span>f 1<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>2.7 millio<span class=\"_ _5\"></span>n EUR po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vely impa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er com<span class=\"_ _5\"></span>preh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e (hedging reserve, remeasurement on<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement obligations a<span class=\"_ _3\"></span>nd cumu<span class=\"_ _3\"></span>lative translation<span class=\"_ _8\"></span> adjustment<span class=\"_ _5\"></span>s)<span class=\"_ _3\"></span> for a<span class=\"_ _5\"></span>n amou<span class=\"_ _5\"></span>nt of 102.5 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>mpe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d by the p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f a div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 40<span class=\"_ _5\"></span>.8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR in 2022. No<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t due to t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l deme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, a tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fer f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m ret<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ea<span class=\"_ _5\"></span>rnin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s to share capit<span class=\"_ _5\"></span>al and share premium has been reco<span class=\"_ _5\"></span>rded.T<span class=\"_ _2\"></span>otal liabilitie<span class=\"_ _5\"></span>s<span class=\"ff61 ls19 ws16\"> increase<span class=\"_ _5\"></span>d with 283 million EUR.</span>Ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow (use<span class=\"_ _5\"></span>d in) / f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esCas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m 248.0 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR ne<span class=\"_ _5\"></span>t ca<span class=\"_ _5\"></span>sh-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ut f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w in 202<span class=\"_ _3\"></span>1 to a ne<span class=\"_ _5\"></span>t cas<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>in f<span class=\"_ _5\"></span>low o<span class=\"_ _5\"></span>f 43.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022.The m<span class=\"_ _5\"></span>ain 2022 cash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>late to: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t rai<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in 2022 amoun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to </span></span>465.<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o 5<span class=\"_ _8\"></span>1.3 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _2\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for c<span class=\"_ _5\"></span>a. 41 million EUR i<span class=\"_ _5\"></span>n 2022, </span></span>comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>a. 20 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _2\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">d<span class=\"_ _5\"></span>ebt r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d in 2022 </span></span>amounting t<span class=\"_ _3\"></span>o ca. 380 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR compared to ca<span class=\"_ _5\"></span>. 279 millio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.A<span class=\"_ _5\"></span>s a net r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>bove<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ned c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s, the c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>quiv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>ance d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m 528.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 202<span class=\"_ _3\"></span>1 to 522.3 milli<span class=\"_ _5\"></span>on EUR in 2022.Cash flow<span class=\"_ _3\"></span> from operat<span class=\"_ _3\"></span>ing activitiesCash flow from operating activities increased from 4<span class=\"_ _8\"></span>19.6 million EU<span class=\"_ _5\"></span>R in 2021 to 4<span class=\"_ _3\"></span>36.<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR in 2022. This m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o the hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ty l<span class=\"_ _5\"></span>evel a<span class=\"_ _5\"></span>nd corresponding increase i<span class=\"_ _3\"></span>n the net operating<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>sult from 1<span class=\"_ _8\"></span>43.<span class=\"_ _5\"></span>3 milli<span class=\"_ _5\"></span>on EUR in 2021 to 1<span class=\"_ _8\"></span>55.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022. The aforementioned net<span class=\"_ _3\"></span> operating result incl<span class=\"_ _3\"></span>udes items rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g cas<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow f<span class=\"_ _5\"></span>or an am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f 5.7 milli<span class=\"_ _5\"></span>on EUR in 2022 comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to 16.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.The in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l per D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 is main<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed by a<span class=\"_ _5\"></span>n incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s and cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s par<span class=\"_ _4\"></span>tl<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>y an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in tra<span class=\"_ _5\"></span>de de<span class=\"_ _5\"></span>bto<span class=\"_ _5\"></span>rs a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d he<span class=\"_ _5\"></span>dge ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al on t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w fr<span class=\"_ _5\"></span>om operating activities amounts to 2<span class=\"_ _8\"></span>4.9 million E<span class=\"_ _3\"></span>UR in 2<span class=\"_ _8\"></span>022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 20.<span class=\"_ _5\"></span>8 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _8\"></span>. O<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>l cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in 2022 inclu<span class=\"_ _5\"></span>de an inf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow of c<span class=\"_ _5\"></span>a. 10.<span class=\"_ _3\"></span>7 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ends r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d from participations in joint v<span class=\"_ _3\"></span>entures a<span class=\"_ _3\"></span>nd associates, and an o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w of ca<span class=\"_ _5\"></span>. 43 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f inco<span class=\"_ _5\"></span>me ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>.The materia<span class=\"_ _3\"></span>l non-cash adjustments from ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s in 2022 includ<span class=\"_ _5\"></span>e 31<span class=\"_ _8\"></span>8.<span class=\"_ _5\"></span>2 mill<span class=\"_ _5\"></span>ion EUR of d<span class=\"_ _5\"></span>epr<span class=\"_ _5\"></span>ecia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd ca. 1 mill<span class=\"_ _3\"></span>ion EUR<span class=\"_ _8\"></span> decreas<span class=\"_ _5\"></span>e of provisions.Ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow (use<span class=\"_ _5\"></span>d in) / f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s Cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ing ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed by 83% in 2022, amoun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to 48<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>.9 milli<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2022comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 266<span class=\"_ _5\"></span>.4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.The c<span class=\"_ _5\"></span>onsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h out<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w in 2022 was m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y dri<span class=\"_ _5\"></span>ven by t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g fac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e DEME f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (PP&amp;E<span class=\"_ _5\"></span>), </span></span>rea<span class=\"_ _5\"></span>chin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>. 482 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of c<span class=\"_ _5\"></span>ash sp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t in 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>a. 280 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his is mainl<span class=\"_ _5\"></span>y dr<span class=\"_ _5\"></span>iven b<span class=\"_ _5\"></span>y the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019 wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ame in<span class=\"_ _5\"></span>to th<span class=\"_ _5\"></span>e fl<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in Q2 2022, the acq<span class=\"_ _5\"></span>uisi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and c<span class=\"_ _5\"></span>onver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on of cab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>-lay<span class=\"_ _5\"></span>ing v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Vi<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in a new r<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>k dumpi<span class=\"_ _5\"></span>ng ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el, t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea In<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d maintenance inves<span class=\"_ _5\"></span>tment<span class=\"_ _5\"></span>s in DEME\u2019s exist<span class=\"_ _5\"></span>ing fle<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in j<span class=\"_ _5\"></span>oint ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes (ca. 23 </span></span>million EUR), compare<span class=\"_ _5\"></span>d to ca. 1<span class=\"_ _8\"></span>6 million EUR in 202<span class=\"_ _8\"></span>1; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">di<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 24.0 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in </span></span>2022, which i<span class=\"_ _5\"></span>s a dec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to the c<span class=\"_ _5\"></span>ash infl<span class=\"_ _5\"></span>ow realis<span class=\"_ _5\"></span>ed in 202<span class=\"_ _8\"></span>1 (3<span class=\"_ _3\"></span>2.2 million EUR).NOTE 1 <span class=\"_ _5\"></span>\u2013 TU<span class=\"_ _5\"></span>RNOVER <span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>D OR<span class=\"_ _5\"></span>DERB<span class=\"_ _5\"></span>OO<span class=\"_ _5\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1TURNO<span class=\"_ _8\"></span>VERBe<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t by na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>rap<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>rket c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r by n<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re <span class=\"ff70\">(<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Revenue from contract<span class=\"_ _5\"></span>s with customer<span class=\"_ _5\"></span>s<span class=\"_ _54\"> </span><span class=\"ls34 ws3e\">2,64<span class=\"_ _5\"></span>4,25<span class=\"_ _8\"></span>7 <span class=\"_ _32\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>498<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>6 </span></span>Revenue from anci<span class=\"_ _3\"></span>llary acti<span class=\"_ _5\"></span>vities<span class=\"_ _24c\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>0,468 <span class=\"_ _4b\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>51<span class=\"_ _4\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom contracts with customers <span class=\"ff70 lsb1 wsbe\">mainly<span class=\"_ _3\"></span> comprises the net rev<span class=\"_ _3\"></span>enue from the<span class=\"_ _3\"></span> operational activities of the segments<span class=\"_ _5\"></span>. For most </span>contracting activ<span class=\"_ _5\"></span>ities the contract is based on<span class=\"_ _3\"></span> a fixed/lump<span class=\"_ _8\"></span> sum price. The Group acts as contractor and princi<span class=\"_ _3\"></span>pal of the e<span class=\"_ _3\"></span>ngagement.Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom ancillary activities <span class=\"ff70 ls3 ws3\">is r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n be ve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt or f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. It is t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t </span>fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ed up a<span class=\"_ _5\"></span>s a s<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>em.The Group has<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>termined that<span class=\"_ _8\"></span> the disaggregation of revenue<span class=\"_ _3\"></span> by product line i<span class=\"_ _3\"></span>s best refle<span class=\"_ _5\"></span>cted by the re<span class=\"_ _3\"></span>venue information<span class=\"_ _3\"></span> that is<span class=\"_ _3\"></span> dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or ea<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt un<span class=\"_ _5\"></span>der I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 8, a<span class=\"_ _5\"></span>s this i<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ular<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>iew<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>f dec<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on ma<span class=\"_ _5\"></span>kers (s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>hap<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>n Se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g) an<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>st d<span class=\"_ _5\"></span>epi<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s how t<span class=\"_ _5\"></span>he na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>, ti<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g and un<span class=\"_ _5\"></span>cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>y of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws are affec<span class=\"_ _5\"></span>ted by economic<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>actors<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _260\"> </span><span class=\"ls147 ws157\">9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">916<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _261\"> </span><span class=\"ls55 ws5d\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span> <span class=\"_ _88\"> </span><span class=\"ls75 ws82\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>6 </span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _262\"> </span><span class=\"ls59 ws62\">206,336 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>3 </span></span>Concessions<span class=\"_ _263\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>14 <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er by s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsf ws13\">2,690,676<span class=\"_ _3\"></span> <span class=\"_ _20\"> </span><span class=\"ls16 ws1d\">2,562,290 </span></span>Reconc<span class=\"_ _5\"></span>iliation<span class=\"_ _264\"> </span><span class=\"ls59 ws62\">-3<span class=\"_ _8\"></span>5,951 <span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-5<span class=\"_ _3\"></span>1,683 </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e is th<span class=\"_ _5\"></span>e tur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventures. These are<span class=\"_ _8\"></span> consolidated according<span class=\"_ _8\"></span> to the proportionate method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment reporting but acco<span class=\"_ _3\"></span>rding to<span class=\"_ _8\"></span> the equity consolidation method (<span class=\"_ _8\"></span>application of IAS 28)<span class=\"_ _8\"></span> in the financial statements.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _265\"> </span><span class=\"ls13 ws9a\">354,4<span class=\"_ _8\"></span>39 <span class=\"_ _18\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>79<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>8 </span></span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _266\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>271,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4 <span class=\"_ _55\"> </span><span class=\"ls7f ws8d\">976<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>9 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _267\"> </span><span class=\"ls7f ws8d\">36<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,97<span class=\"_ _5\"></span>5 <span class=\"_ _1bf\"> </span><span class=\"lse ws12\">608,<span class=\"_ _3\"></span>708<span class=\"_ _3\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _268\"> </span><span class=\"ls55 ws5d\">319<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls78 ws86\">49<span class=\"_ _5\"></span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">93<span class=\"_ _5\"></span>,70<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _26a\"> </span><span class=\"ls80 ws8e\">124<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _4b\"> </span><span class=\"ls4b ws53\">42,359<span class=\"_ _5\"></span> </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _26b\"> </span><span class=\"ls78 ws86\">81,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _19a\"> </span><span class=\"ls89 ws97\">17,<span class=\"_ _4\"></span>317<span class=\"_ _4\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls7f ws8d\">5,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span> <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l mar<span class=\"_ _5\"></span>ket is d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as th<span class=\"_ _5\"></span>e ar<span class=\"_ _5\"></span>ea (l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on) wh<span class=\"_ _5\"></span>ere p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n for o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A larg<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts f<span class=\"_ _5\"></span>or a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and geographic<span class=\"_ _5\"></span>al areas.EX<span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>ANA<span class=\"_ _0\"></span>T<span class=\"_ _3\"></span>OR<span class=\"_ _8\"></span>Y NOTES TO THE C<span class=\"_ _3\"></span>ONSOLID<span class=\"_ _8\"></span>A<span class=\"_ _0\"></span>TED FINANCIA<span class=\"_ _5\"></span>L ST<span class=\"_ _8c\"></span>A<span class=\"_ _0\"></span>TEMENTSUnli<span class=\"_ _5\"></span>ke in 2021<span class=\"_ _8\"></span>, no s<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>le cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ted m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e than 10% in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er of 2022. T<span class=\"_ _5\"></span>he Ab<span class=\"_ _5\"></span>u Qi<span class=\"_ _5\"></span>r Por<span class=\"_ _4\"></span>t E<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ion P<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t in Egy<span class=\"_ _5\"></span>pt (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 10% and 15<span class=\"_ _3\"></span>% in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over l<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r and q<span class=\"_ _5\"></span>uali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as su<span class=\"_ _5\"></span>ch as a material c<span class=\"_ _3\"></span>lient<span class=\"ff70 ls3 ws3\"> in rela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n to th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up. </span>How<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f the <span class=\"ff73 ls1d4 ws1fa\">occasional nat<span class=\"_ _3\"></span>ure and<span class=\"_ _8\"></span> spread of the<span class=\"_ _8\"></span> contracts<span class=\"_ _5\"></span><span class=\"ff70 ls3 ws3\">, non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E\u2019s cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ill ev<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y quali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s a </span></span>mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n rela<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on to t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.A<span class=\"_ _5\"></span>s a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">militar<span class=\"_ _5\"></span>y conflict between Russia and Ukraine</span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up re<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>n Rus<span class=\"_ _5\"></span>sia in 202<span class=\"_ _8\"></span>2 and currently has<span class=\"_ _8\"></span> no contrac<span class=\"_ _5\"></span>ts or contractual oblig<span class=\"_ _3\"></span>ations related t<span class=\"_ _3\"></span>o the performance of works in Ru<span class=\"_ _3\"></span>ssia.Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, 29% o<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s <span class=\"ff73 ls1ba ws1df\">taxonomy-eligible turnover<span class=\"_ _2\"></span><span class=\"ff70 ls3 ws3\">. T<span class=\"_ _5\"></span>his p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e is dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y </span></span>related to<span class=\"_ _3\"></span> DEME\u2019<span class=\"_ _8\"></span>s ac<span class=\"_ _5\"></span>tivities making a substantial c<span class=\"_ _3\"></span>ontribution to cli<span class=\"_ _3\"></span>mate cha<span class=\"_ _3\"></span>nge mitigation a<span class=\"_ _3\"></span>nd includes pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for the construc<span class=\"_ _5\"></span>tion and installation<span class=\"_ _3\"></span> of foundations<span class=\"_ _3\"></span> and wind t<span class=\"_ _3\"></span>urbines and thei<span class=\"_ _3\"></span>r shore con<span class=\"_ _3\"></span>nections<span class=\"_ _5\"></span>, as wel<span class=\"_ _3\"></span>l as projects for railway t<span class=\"_ _3\"></span>unnel inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. Fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>n, 26% of t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al DE<span class=\"_ _5\"></span>ME tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o <span class=\"ff73 ls159 ws16f\">aligned</span>.ORDERBOOKThe Group\u2019<span class=\"_ _3\"></span>s <span class=\"ff73 ls15d ws172\">orderbook</span><span class=\"ls3 ws3\"> is the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>gnme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 but th<span class=\"_ _5\"></span>at is n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>s turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r </span>be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e or<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t of a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok un<span class=\"_ _5\"></span>til t<span class=\"_ _5\"></span>he ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s si<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d. A l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>f awa<span class=\"_ _5\"></span>rd is n<span class=\"_ _5\"></span>ot s<span class=\"_ _5\"></span>uf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nt to i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up. A<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in \u2018uncertain\u2019 countries before includi<span class=\"_ _3\"></span>ng them in<span class=\"_ _8\"></span> the orderbo<span class=\"_ _5\"></span>ok.Further on, experience shows that onc<span class=\"_ _3\"></span>e an ag<span class=\"_ _3\"></span>reement has been<span class=\"_ _3\"></span> reached, cancellations<span class=\"_ _3\"></span> or substantial reductions in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>cope or siz<span class=\"_ _8\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are q<span class=\"_ _5\"></span>uite r<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>e, bu<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey do o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y in ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>re un<span class=\"_ _5\"></span>der s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>re pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>re.Orderbook b<span class=\"_ _3\"></span>y segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">3,260,909<span class=\"_ _92\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _26e\"> </span><span class=\"ls59 ws62\">2,61<span class=\"_ _8\"></span>5,7<span class=\"_ _8\"></span>13<span class=\"_ _86\"> </span><span class=\"ls19 ws16\">2,833,296</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _269\"> </span><span class=\"ls1c ws26\">31<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>378<span class=\"_ _39\"> </span><span class=\"ls59 ws62\">255,3<span class=\"_ _3\"></span>30</span></span>Concessions<span class=\"_ _26f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000<span class=\"_ _86\"> </span><span class=\"ls37 ws83\">5,9<span class=\"_ _5\"></span>05,<span class=\"_ _2\"></span>190</span></span>The o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022, i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ord s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g at 6<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 bill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, up 5% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t year (2021<span class=\"_ _8\"></span>: 5<span class=\"_ _5\"></span>.9 b<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>). Pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h a tot<span class=\"_ _5\"></span>al v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of 2.<span class=\"_ _5\"></span>2 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR we<span class=\"_ _5\"></span>re ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022 (202<span class=\"_ _8\"></span>1: 3.<span class=\"_ _8\"></span>1 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR). T<span class=\"_ _5\"></span>he or<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>rb<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ing con<span class=\"_ _5\"></span>tinu<span class=\"_ _5\"></span>ed h<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>thy d<span class=\"_ _5\"></span>eman<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>oni<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d size<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>ns mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>all ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok at y<span class=\"_ _5\"></span>ear-<span class=\"_ _5\"></span>end i<span class=\"_ _5\"></span>s 2.3 t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>s the 2<span class=\"_ _5\"></span>022 turno<span class=\"_ _5\"></span>ver. The inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>st y<span class=\"_ _5\"></span>ear i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly l<span class=\"_ _5\"></span>ed by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g dem<span class=\"_ _5\"></span>and in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e Envi<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore En<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e lat<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of maj<span class=\"_ _5\"></span>or l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th-<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t A<span class=\"_ _5\"></span>sia (amon<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>s in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd Aus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>ia), Uni<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d Stat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d Euro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>.Orderbook b<span class=\"_ _3\"></span>y geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _271\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span> <span class=\"_ _8b\"> </span><span class=\"ls34 ws3e\">2,866,266 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _272\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,747 <span class=\"_ _1bf\"> </span><span class=\"ls56 ws5e\">814<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _273\"> </span><span class=\"ls58 ws61\">30<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>325 <span class=\"_ _1bf\"> </span><span class=\"ls34 ws3e\">41<span class=\"_ _2\"></span>4,346 </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls3 ws3\">752,385 <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">3<span class=\"_ _5\"></span>25<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _19f\"> </span><span class=\"ls7c ws8a\">1<span class=\"_ _3\"></span>,692,695 <span class=\"_ _88\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54,87<span class=\"_ _3\"></span>2 </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _270\"> </span><span class=\"lsb wsc\">6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,033 <span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls12 ws17\">4<span class=\"_ _5\"></span>,521<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _5\"></span>942 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000 <span class=\"_ _32\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _8\"></span>190 </span></span>From a g<span class=\"_ _5\"></span>eo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e the Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e and Af<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>how<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>cli<span class=\"_ _5\"></span>ne in 2022 com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o 2021<span class=\"_ _8\"></span>, la<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g win<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e A<span class=\"_ _5\"></span>sia an<span class=\"_ _5\"></span>d Am<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Euro<span class=\"_ _5\"></span>pe s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han ha<span class=\"_ _5\"></span>lf o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok<span class=\"_ _5\"></span>. Other operating expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ous t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>mp du<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>to th<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt of s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r and h<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>per s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s in Eg<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>ir rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n 20<span class=\"_ _5\"></span>21.For t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> (mainly<span class=\"_ _3\"></span> warranty pro<span class=\"_ _3\"></span>visions<span class=\"_ _3\"></span>) <span class=\"ff70 lsb1 wsbe\">reference<span class=\"_ _3\"></span> is made<span class=\"_ _3\"></span> to note (<span class=\"_ _8\"></span>23<span class=\"_ _3\"></span>) Provisions. More information a<span class=\"_ _3\"></span>bout the </span></span>retirement benefit obligations<span class=\"_ _8\"></span> <span class=\"ff70 ls3 ws3\">c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und in n<span class=\"_ _5\"></span>ote (21<span class=\"_ _8\"></span>).</span>The decrease <span class=\"ff73 ls1d4 ws1fa\">of<span class=\"_ _8\"></span> amounts written off for in<span class=\"_ _3\"></span>ventories<span class=\"_ _8\"></span> and trade rec<span class=\"_ _3\"></span>eivables <span class=\"ff70 ls3 ws3\">is par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l wr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er </span></span>re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bad d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ow re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n of<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>or tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r is b<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e allo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce f<span class=\"_ _5\"></span>or ba<span class=\"_ _5\"></span>d debtors that a<span class=\"_ _3\"></span>re no longe<span class=\"_ _3\"></span>r uncol<span class=\"_ _3\"></span>lectable.Lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pla<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt <span class=\"ff70\">i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>ld cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea </span>I<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>\u2019.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>Other operating income<span class=\"ff70 ls3 ws3\"> in 2022 includ<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>elay da<span class=\"_ _5\"></span>mag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span>Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t) wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he 2021 fig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved d<span class=\"_ _5\"></span>elay d<span class=\"_ _5\"></span>amag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the d<span class=\"_ _5\"></span>eli<span class=\"_ _5\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018S<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt). B<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h del<span class=\"_ _5\"></span>ay dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s comp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>te de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s.Ga<span class=\"_ _5\"></span>in o<span class=\"_ _5\"></span>n di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"ff70\"> in 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le of a<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>res i<span class=\"_ _5\"></span>n Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s to ou<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e </span>comp<span class=\"_ _5\"></span>any. In 2021 the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e gain o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of 1<span class=\"_ _3\"></span>2.5% pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Gm<span class=\"_ _5\"></span>bh<span class=\"_ _5\"></span>, a Ge<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>n win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>m. Al<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e too<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in 2020<span class=\"_ _5\"></span>, an ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>ain o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2.<span class=\"_ _8\"></span>1 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R wa<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 as th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le and final settlement of a<span class=\"_ _3\"></span> contingent consideration<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>eviously account<span class=\"_ _3\"></span>ed for<span class=\"_ _8\"></span>.In 2022 the <span class=\"ff73\">g<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pl<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t </span>is ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f the j<span class=\"_ _5\"></span>ack-up i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>as cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>. S<span class=\"_ _5\"></span>ale t<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in A<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>l 2022. Ot<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>ain was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of ol<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t (Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent)<span class=\"_ _5\"></span>. In 2021 the gai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wa<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dr<span class=\"_ _5\"></span>illin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>m \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>h\u2019)<span class=\"_ _5\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Orderbook 202<span class=\"_ _8\"></span>2 split in<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>ime<span class=\"ls3 ws3\"> </span>2023<span class=\"_ _74\"> </span><span class=\"lsa1 wsb0\">2024<span class=\"_ _111\"> </span><span class=\"ls63 ws6e\">2<span class=\"_ _5\"></span>025</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _17d\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _1e3\"> </span>1,6<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>2,426 <span class=\"_ _1de\"> </span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span> <span class=\"_ _93\"> </span><span class=\"ls88 ws96\">8<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>90,000 </span></span>Orderbook 202<span class=\"_ _8\"></span>1 split<span class=\"_ _3\"></span> in time<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _74\"> </span><span class=\"lsa4 wsb3\">20<span class=\"_ _5\"></span>23<span class=\"_ _111\"> </span><span class=\"lsa1 wsb0\">2024</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">2,021,<span class=\"_ _8\"></span>167 <span class=\"_ _1de\"> </span><span class=\"ls6b ws78\">1,4<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>0 <span class=\"_ _1e3\"> </span></span>1,079,065 <span class=\"_ _b1\"> </span>1,34<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,028 <span class=\"_ _14f\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _2\"></span>190 </span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>at 37<span class=\"_ _8\"></span>.3% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t ye<span class=\"_ _5\"></span>ar (2021<span class=\"_ _8\"></span>: 34<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>%). Actu<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n dep<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ds on s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l factor<span class=\"_ _5\"></span>s, such as<span class=\"_ _3\"></span> weather circu<span class=\"_ _3\"></span>mstances, soil and technical<span class=\"_ _3\"></span> conditions, vessel availabil<span class=\"_ _3\"></span>ity and a lot of<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther factors<span class=\"_ _5\"></span>.Concessions, Other 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _20f\"> </span>4,096<span class=\"_ _1ee\"> </span>4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _21e\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _9d\"> </span><span class=\"ls1c ws26\">37<span class=\"_ _5\"></span>1<span class=\"_ _2b\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>5</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _27e\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _14e\"> </span><span class=\"lsa wsb\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span>1,<span class=\"_ _5\"></span>324</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853<span class=\"_ _2b\"> </span></span>-<span class=\"_ _91\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _257\"> </span>5,<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>34,4<span class=\"_ _5\"></span>08<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">13,588<span class=\"_ _af\"> </span><span class=\"ls57 ws60\">53,<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>6</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _27f\"> </span>4,096<span class=\"_ _27d\"> </span><span class=\"lsc1 wscd\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span></span>9,078<span class=\"_ _1ee\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _1a3\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _14e\"> </span><span class=\"ls57 ws60\">3,056<span class=\"_ _e0\"> </span></span>885<span class=\"_ _213\"> </span><span class=\"ls82 ws90\">3,9<span class=\"_ _5\"></span>42</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _f7\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-15<span class=\"_ _4\"></span>6<span class=\"_ _179\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _27d\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>94<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>9,52<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _1a3\"> </span>-<span class=\"_ _af\"> </span>22<span class=\"_ _5\"></span>,30<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"lsf ws13\">3<span class=\"_ _5\"></span>,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _13c\"> </span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _1ee\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>26<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,644<span class=\"_ _1ee\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SPersonnel expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration<span class=\"_ _27c\"> </span><span class=\"ls79 ws87\">428<span class=\"_ _5\"></span>,95<span class=\"_ _5\"></span>4 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">416<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Soc<span class=\"_ _5\"></span>ial charges<span class=\"_ _1fc\"> </span><span class=\"ls7f ws8d\">61,769 <span class=\"_ _5e\"> </span><span class=\"ls147 ws157\">5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span></span>Pens<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span> expenses<span class=\"_ _260\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _8\"></span>5,020 <span class=\"_ _4b\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>4,275<span class=\"_ _8\"></span> </span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _204\"> </span><span class=\"ls5a ws63\">5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>896 </span></span>In 2021 DEME p<span class=\"_ _5\"></span>aid an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian t<span class=\"_ _5\"></span>ax au<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>ipt o<span class=\"_ _5\"></span>f co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ins w<span class=\"_ _5\"></span>hy th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>el e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s is lo<span class=\"_ _5\"></span>wer t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e headcount.A<span class=\"_ _8\"></span>verage number<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f persons<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>mploy<span class=\"_ _3\"></span>ed during<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>he y<span class=\"_ _8\"></span>ear <span class=\"ff70 ls3 ws3\">(in F<span class=\"_ _5\"></span>TE<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Employees<span class=\"_ _265\"> </span><span class=\"ls3 ws3\">2<span class=\"_ _5\"></span>,985 <span class=\"_ _1b5\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span> </span></span>Wor<span class=\"_ _5\"></span>ke<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s<span class=\"_ _204\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls7b ws89\">2,0<span class=\"_ _5\"></span>83 </span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _27b\"> </span><span class=\"ls8 ws8\">5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _3f\"> </span><span class=\"ls31 ws3a\">4,880 </span></span>The average<span class=\"_ _3\"></span> headcount reported in this<span class=\"_ _8\"></span> no<span class=\"_ _5\"></span>te is<span class=\"_ _3\"></span> based upon the consolidation<span class=\"_ _3\"></span> scope whereby only the<span class=\"_ _8\"></span> average headcount of e<span class=\"_ _3\"></span>ntities controlled by<span class=\"_ _8\"></span> the Group are i<span class=\"_ _3\"></span>ncluded.NOTE 3 <span class=\"_ _5\"></span>\u2013 PER<span class=\"_ _5\"></span>SO<span class=\"_ _5\"></span>NN<span class=\"_ _5\"></span>EL E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>ENS<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>EMPLOYMENTBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1An am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1<span class=\"_ _3\"></span>7 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e 25.<span class=\"_ _5\"></span>5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R tot<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k valu<span class=\"_ _5\"></span>e of i<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>ngi<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he yea<span class=\"_ _5\"></span>r 2021 is rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>urc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (PPA)-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xerc<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e SP<span class=\"_ _5\"></span>T O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re gr<span class=\"_ _5\"></span>oup (at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2020). T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>ver t<span class=\"_ _5\"></span>he eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e of 10 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The <span class=\"ff73 ls116 ws9d\">addition of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> 2021 of 1.9 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R is pr<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ril<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f so<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>cenc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.</span></span>Amor<span class=\"_ _5\"></span>tisation charge of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 lsb1 wsbe\"> is recognised under \u2018depreciation<span class=\"_ _8\"></span> and amor<span class=\"_ _5\"></span>tisation expense<span class=\"_ _5\"></span>s\u2019 in the c<span class=\"_ _3\"></span>onsolidated income<span class=\"_ _3\"></span> statement </span>for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.Concessions,<span class=\"ls3 ws3\"> </span>Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _134\"> </span>4,<span class=\"_ _5\"></span>007<span class=\"_ _27d\"> </span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>57<span class=\"_ _14e\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _1ee\"> </span><span class=\"ls4c ws5f\">6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>527</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _280\"> </span>-<span class=\"_ _14e\"> </span>1,620<span class=\"_ _95\"> </span><span class=\"ls36 ws3d\">288<span class=\"_ _213\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _1c6\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _2d\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _8f\"> </span></span>-1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _7c\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _14e\"> </span><span class=\"ls84 ws92\">4<span class=\"_ _5\"></span>,065<span class=\"_ _213\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _27f\"> </span>4,004<span class=\"_ _af\"> </span>23,625<span class=\"_ _213\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">35,<span class=\"_ _5\"></span>592</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _20c\"> </span>3<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _ce\"> </span><span class=\"ls8b ws99\">474<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>413</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _16e\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>5<span class=\"_ _c0\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _15a\"> </span></span>-1<span class=\"_ _4\"></span>,12<span class=\"_ _7\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _cc\"> </span>-<span class=\"_ _5\"></span>660<span class=\"_ _9d\"> </span><span class=\"ls8b ws99\">674<span class=\"_ _32\"> </span><span class=\"ls56 ws5e\">14</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span><span class=\"ls3 ws3\">9,078<span class=\"_ _93\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _20c\"> </span>3<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>932<span class=\"_ _2b\"> </span></span>-<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>5</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _23d\"> </span>-<span class=\"_ _af\"> </span>22,<span class=\"_ _5\"></span>308<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>An am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 14.4 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR ou<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he 24.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R tot<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>ook v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to the p<span class=\"_ _5\"></span>urc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (PPA)-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xerc<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e SP<span class=\"_ _5\"></span>T O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re gr<span class=\"_ _5\"></span>oup (at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2020). T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>ver t<span class=\"_ _5\"></span>he eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e of 10 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">sales and<span class=\"_ _3\"></span> disposals<span class=\"ff70 ls3 ws3\"> of the ye<span class=\"_ _5\"></span>ar 2022, a f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d lice<span class=\"_ _5\"></span>nce f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>, tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>as di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>f for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"ff70 lsb1 wsbe\"> is<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised under<span class=\"_ _3\"></span> \u2018depreciation a<span class=\"_ _3\"></span>nd amortisation exp<span class=\"_ _5\"></span>enses\u2019 in the consolidated<span class=\"_ _3\"></span> income statement for<span class=\"_ _3\"></span> an </span>amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he ea<span class=\"_ _5\"></span>rli<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t is reached.In th<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">addition of the<span class=\"_ _3\"></span> year<span class=\"ff70 ls3 ws3\"> 20<span class=\"_ _3\"></span>22, an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1.<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns </span></span>segment.The c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, pa<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and li<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ces d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e ind<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ful l<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70 lsb1 wsbe\">also transfers from asset<span class=\"_ _5\"></span>s under<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion originally<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ooked within property, </span></span>plant and<span class=\"_ _8\"></span> equipment are i<span class=\"_ _3\"></span>ncluded.SENSITIVI<span class=\"_ _3\"></span>TY ANAL<span class=\"_ _6\"></span>YSISA sensitivit<span class=\"_ _5\"></span>y analysis<span class=\"_ _3\"></span> has been performe<span class=\"_ _5\"></span>d by<span class=\"_ _3\"></span> adjusting important assumptions used in the<span class=\"_ _3\"></span> calculation of<span class=\"_ _8\"></span> the recoverable amount.Gross marginThe g<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ss ma<span class=\"_ _5\"></span>rgi<span class=\"_ _5\"></span>n use<span class=\"_ _5\"></span>d in t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l is ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd ha<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en ap<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ved b<span class=\"_ _5\"></span>y the Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r a per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>e.Se<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is te<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed by r<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ucin<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d gro<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s mar<span class=\"_ _5\"></span>gins t<span class=\"_ _5\"></span>o 95% of the<span class=\"_ _5\"></span>ir ini<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l val<span class=\"_ _5\"></span>ue. A<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e gro<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s mar<span class=\"_ _5\"></span>gin do<span class=\"_ _5\"></span>wnw<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s did not r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>t in imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r any of t<span class=\"_ _5\"></span>he m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s.Discount rateThe d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te us<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>hte<span class=\"_ _5\"></span>d aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al, c<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Futur<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws w<span class=\"_ _5\"></span>ill n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>y be im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>f the d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NT O<span class=\"_ _5\"></span>F GO<span class=\"_ _5\"></span>ODW<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>LGo<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>ll is al<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ash g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t will b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e kn<span class=\"_ _5\"></span>owl<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed up<span class=\"_ _5\"></span>on t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n. Ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt has identified the <span class=\"ff73 ls1d4 ws1fa\">low<span class=\"_ _3\"></span>est lev<span class=\"_ _3\"></span>el of<span class=\"_ _8\"></span> cash generating un<span class=\"_ _3\"></span>its <span class=\"ff70 ls3 ws3\">bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e mo<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d mo<span class=\"_ _5\"></span>st d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>ed le<span class=\"_ _5\"></span>vel o<span class=\"_ _5\"></span>f inf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ut </span></span>op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>l rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng go<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill of t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p is all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s:Carrying amount of<span class=\"_ _3\"></span> goodwill<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)CGU Infra<span class=\"_ _282\"> </span><span class=\"ls6b ws78\">3,<span class=\"_ _5\"></span>536 <span class=\"_ _1b5\"> </span>3,<span class=\"_ _5\"></span>536 </span>CGU<span class=\"_ _3\"></span> Dredging \u2013<span class=\"_ _3\"></span> Asia Pacific<span class=\"_ _279\"> </span><span class=\"lsa wsb\">3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span> <span class=\"_ _49\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span> </span>CGU En<span class=\"_ _3\"></span>vironment<span class=\"_ _5\"></span>al Ecoterres<span class=\"_ _195\"> </span><span class=\"ls7a ws88\">2,49<span class=\"_ _5\"></span>6 <span class=\"_ _49\"> </span>2<span class=\"_ _5\"></span>,49<span class=\"_ _5\"></span>6 </span>CGU Off<span class=\"_ _5\"></span>shore<span class=\"_ _283\"> </span><span class=\"ls78 ws86\">1,9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3 <span class=\"_ _1b5\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span> </span>CGU Off<span class=\"_ _5\"></span>shore Foundations<span class=\"_ _1fd\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span> <span class=\"_ _49\"> </span>1,<span class=\"_ _4\"></span>25<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> </span>CGU C<span class=\"_ _3\"></span>oncessions<span class=\"_ _1fc\"> </span><span class=\"ls57 ws60\">6<span class=\"_ _5\"></span>05<span class=\"_ _97\"> </span>605</span>CGU Dredging DBM<span class=\"_ _284\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>8<span class=\"_ _c1\"> </span>16<span class=\"_ _4\"></span>8</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _285\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _3\"></span>3,02<span class=\"_ _5\"></span>8 <span class=\"_ _43\"> </span>13,028 </span>The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>on of t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of ea<span class=\"_ _5\"></span>ch me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>ash g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t did n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult in a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ne<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ann<span class=\"_ _5\"></span>ual re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng yea<span class=\"_ _5\"></span>r 2022.The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f ea<span class=\"_ _5\"></span>ch ca<span class=\"_ _5\"></span>sh g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing u<span class=\"_ _5\"></span>nit i<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on a di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l tha<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue min<span class=\"_ _5\"></span>us the c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>e ob<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e bud<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, p<span class=\"_ _5\"></span>rep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed by m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e cas<span class=\"_ _5\"></span>h gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t and a<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>rove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e B<span class=\"_ _5\"></span>oar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e bu<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cove<span class=\"_ _5\"></span>r a thr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>-ye<span class=\"_ _5\"></span>ar p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>. Ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws b<span class=\"_ _5\"></span>eyo<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e thr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>-y<span class=\"_ _5\"></span>ear per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rap<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng a ca<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s gro<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>sco<span class=\"_ _5\"></span>unt r<span class=\"_ _5\"></span>ate u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uals t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>eigh<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al (<span class=\"_ _5\"></span>WA<span class=\"_ _3\"></span>CC) cal<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up f<span class=\"_ _5\"></span>igu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r the t<span class=\"_ _5\"></span>hird q<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er of 2<span class=\"_ _5\"></span>022, amou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng to 5<span class=\"_ _5\"></span>.55% comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he WACC of 6.<span class=\"_ _5\"></span>46% us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in 2021<span class=\"_ _8\"></span>.IM<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>RM<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T TE<span class=\"_ _5\"></span>ST<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G OF G<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>ODWI<span class=\"_ _5\"></span>LLIn ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>danc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th I<span class=\"_ _5\"></span>AS 3<span class=\"_ _5\"></span>6 imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s, go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l was t<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d for i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 and 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1. In 2022 no imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In 2021 impai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of 0<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p, go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is te<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>nual<span class=\"_ _5\"></span>ly. The i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>igu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>sig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he thir<span class=\"_ _5\"></span>d qua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e annua<span class=\"_ _5\"></span>l rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>ere i<span class=\"_ _5\"></span>s an ind<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng un<span class=\"_ _5\"></span>it to w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill i<span class=\"_ _5\"></span>s all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d coul<span class=\"_ _5\"></span>d have s<span class=\"_ _5\"></span>uf<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ed a l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s of v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e, im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent te<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g is do<span class=\"_ _5\"></span>ne m<span class=\"_ _5\"></span>ore f<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>que<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an on<span class=\"_ _5\"></span>ce a yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n 2022, the<span class=\"_ _5\"></span>re we<span class=\"_ _5\"></span>re no s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d no a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n pre<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>.Sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t jud<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent b<span class=\"_ _5\"></span>y mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f mac<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs o<span class=\"_ _5\"></span>n fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws<span class=\"_ _5\"></span>, incl<span class=\"_ _5\"></span>udi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he COVI<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>-<span class=\"_ _8\"></span>19 pande<span class=\"_ _5\"></span>mic<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e war i<span class=\"_ _5\"></span>n Uk<span class=\"_ _5\"></span>rai<span class=\"_ _5\"></span>ne an<span class=\"_ _5\"></span>d clim<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s (mor<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d in se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on \u2018r<span class=\"_ _5\"></span>isk and u<span class=\"_ _5\"></span>ncer<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>\u2019 ab<span class=\"_ _5\"></span>ove). T<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p bel<span class=\"_ _5\"></span>iev<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sum<span class=\"_ _5\"></span>pti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s use<span class=\"_ _5\"></span>d in t<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt te<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g are r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e and are c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t wou<span class=\"_ _5\"></span>ld b<span class=\"_ _5\"></span>e use<span class=\"_ _5\"></span>d by co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ito<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. M<span class=\"_ _5\"></span>ana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t for<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ee a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ely b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by clim<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, le<span class=\"_ _5\"></span>adi<span class=\"_ _5\"></span>ng to an i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, as t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>inu<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s st<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>teg<span class=\"_ _5\"></span>y to pr<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ote t<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n to cle<span class=\"_ _5\"></span>an en<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y wo<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ide t<span class=\"_ _5\"></span>o it<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.NOTE 5 <span class=\"_ _5\"></span>\u2013 G<span class=\"_ _5\"></span>OODWILL(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _1bf\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _278\"> </span><span class=\"ls137 ws144\">13,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _49\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9</span>Acquisitions through business combinations<span class=\"_ _76\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _281\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dispos<span class=\"_ _5\"></span>als<span class=\"_ _1cf\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _281\"> </span>-</span>yearImpairm<span class=\"_ _5\"></span>ent los<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _197\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _218\"> </span><span class=\"ls76 ws84\">-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>11</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1b6\"> </span><span class=\"ls137 ws144\">13,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1b5\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span>The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Chall<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied o<span class=\"_ _5\"></span>ut w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin a Ja<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en DEM<span class=\"_ _5\"></span>E (49%<span class=\"_ _3\"></span>) and p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner P<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>-Oce<span class=\"_ _5\"></span>an Co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any w<span class=\"_ _5\"></span>ill up<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ake po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>ea C<span class=\"_ _5\"></span>hall<span class=\"_ _5\"></span>eng<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2024 and ref<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el to t<span class=\"_ _5\"></span>he At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, <span class=\"ff73 ls116 ws9d\">the net<span class=\"_ _3\"></span> book value of<span class=\"_ _8\"></span> \u2018<span class=\"_ _5\"></span>Floating equipment\u2019 as part of \u2018Floating and other c<span class=\"_ _3\"></span>onstruc<span class=\"_ _5\"></span>tion equipment\u2019 </span>contributes 99% t<span class=\"_ _3\"></span>o the total<span class=\"_ _3\"></span> of this category.<span class=\"_ _8\"></span> O<span class=\"_ _5\"></span>ther construc<span class=\"_ _5\"></span>tion equipment<span class=\"_ _8\"></span> w<span class=\"_ _5\"></span>ithin \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019 consists amongst other of<span class=\"_ _3\"></span> dry ear<span class=\"_ _5\"></span>th moving<span class=\"_ _3\"></span> equipment, pipeli<span class=\"_ _3\"></span>nes and eq<span class=\"_ _3\"></span>uipment of<span class=\"_ _8\"></span> DEME Infra.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st h<span class=\"_ _5\"></span>alf o<span class=\"_ _5\"></span>f 2022 the D<span class=\"_ _5\"></span>P3 of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>\u2019 jo<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t </span>and w<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om \u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>r construc<span class=\"_ _5\"></span>tion\u2019 to \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019.In Jan<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>y 2022, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o an ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he No<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>gia<span class=\"_ _5\"></span>n ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g com<span class=\"_ _5\"></span>pany E<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>vik t<span class=\"_ _5\"></span>o <span class=\"ff73\">acq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>P3 of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span>in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Ne<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">DEME is u<span class=\"_ _5\"></span>pgr<span class=\"_ _5\"></span>adi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el in<span class=\"_ _5\"></span>to a ca<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e layi<span class=\"_ _5\"></span>ng ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el a<span class=\"_ _5\"></span>nd w<span class=\"_ _5\"></span>ill in<span class=\"_ _5\"></span>teg<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l int<span class=\"_ _5\"></span>o the </span>DEME f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st q<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er of 2023.In li<span class=\"_ _5\"></span>ght o<span class=\"_ _5\"></span>f upg<span class=\"_ _5\"></span>rad<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t, D<span class=\"_ _5\"></span>EME a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o <span class=\"ff73\">inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in a n<span class=\"_ _5\"></span>ew DP f<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>lp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el </span>b<span class=\"_ _5\"></span>y pur<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>sing a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nver<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g a bul<span class=\"_ _5\"></span>k car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>er. The ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h a cent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m wi<span class=\"_ _5\"></span>th a la<span class=\"_ _5\"></span>rge i<span class=\"_ _5\"></span>ncli<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e in or<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r to all<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>- and p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-la<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es us<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th lar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>r diam<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>, cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e to s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>ea s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wil<span class=\"_ _5\"></span>l joi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t in the f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t ha<span class=\"_ _5\"></span>lf o<span class=\"_ _5\"></span>f 2024.The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n 2022 in the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n\u2019, \u2018<span class=\"_ _5\"></span>Vik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019 and t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>allp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el (all as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), ar<span class=\"_ _5\"></span>e included in<span class=\"_ _3\"></span> the additions i<span class=\"_ _3\"></span>n \u2018<span class=\"_ _8\"></span>As<span class=\"_ _5\"></span>sets under construc<span class=\"_ _5\"></span>tion\u2019<span class=\"_ _8\"></span>.The DP2<span class=\"_ _8\"></span> jack-up i<span class=\"_ _3\"></span>nstallation vessels <span class=\"ff73 ls1d4 ws1fa\">\u2018Sea Challe<span class=\"_ _3\"></span>nger\u2019 and \u2018Sea Installer\u2019 are<span class=\"_ _3\"></span> currently<span class=\"_ _3\"></span> undergoing<span class=\"_ _3\"></span> an extensive<span class=\"_ _8\"></span> upgrade, <span class=\"ff70 ls170 ws185\">preparing </span></span>the<span class=\"_ _5\"></span>m fo<span class=\"_ _5\"></span>r of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d fa<span class=\"_ _5\"></span>rm pr<span class=\"_ _5\"></span>oj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in Jap<span class=\"_ _5\"></span>an an<span class=\"_ _5\"></span>d US<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r bo<span class=\"_ _5\"></span>th ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>e\u2019s li<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>apa<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>rom 9<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es to 1,60<span class=\"_ _5\"></span>0 tonn<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>am and l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ger l<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>s will e<span class=\"_ _5\"></span>nab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>els t<span class=\"_ _5\"></span>o han<span class=\"_ _5\"></span>dle t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f me<span class=\"_ _5\"></span>ga w<span class=\"_ _5\"></span>ind tu<span class=\"_ _5\"></span>rbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>s. Th<span class=\"_ _5\"></span>e am<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>nt i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>a In<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 <span class=\"ff70 lsb1 wsbe\">is included in the<span class=\"_ _8\"></span> additions in \u2018Floating and other construction equipment\u2019.</span>Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTSe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is te<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed by i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he we<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>age c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al wi<span class=\"_ _5\"></span>th 1%. Adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the w<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>hte<span class=\"_ _5\"></span>d aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al to a high<span class=\"_ _5\"></span>er v<span class=\"_ _5\"></span>alue d<span class=\"_ _5\"></span>id no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in an i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>ny of t<span class=\"_ _5\"></span>he me<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing u<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Growth rateThe D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up as<span class=\"_ _5\"></span>sum<span class=\"_ _5\"></span>es a c<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ul gro<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>% o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s ma<span class=\"_ _5\"></span>rgin i<span class=\"_ _5\"></span>n the y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>. Sho<span class=\"_ _5\"></span>uld t<span class=\"_ _5\"></span>he gr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge b<span class=\"_ _5\"></span>e low<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, the re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>ach c<span class=\"_ _5\"></span>ash g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g uni<span class=\"_ _5\"></span>t wil<span class=\"_ _5\"></span>l drop<span class=\"_ _5\"></span>. Se<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is te<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed by r<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ucin<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e gro<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>ate to 0<span class=\"_ _5\"></span>%<span class=\"_ _5\"></span>. Adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he gr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h ra<span class=\"_ _5\"></span>te did n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult i<span class=\"_ _5\"></span>n an imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r any o<span class=\"_ _5\"></span>f the mentioned cash generating<span class=\"_ _3\"></span> units.Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>52% of DEM<span class=\"_ _5\"></span>E\u2019s CA<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s <span class=\"ff73 ls1ba ws1df\">taxonomy-eligible &amp; aligned<span class=\"_ _3\"></span> CAPE<span class=\"_ _5\"></span>X<span class=\"ff70 ls3 ws3\"> (20<span class=\"_ _3\"></span>21<span class=\"_ _8\"></span>: 32%). This p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge (in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to </span></span>las<span class=\"_ _5\"></span>t ye<span class=\"_ _5\"></span>ar as a r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>iki<span class=\"_ _5\"></span>ng N<span class=\"_ _5\"></span>eptu<span class=\"_ _5\"></span>n\u2019<span class=\"_ _5\"></span>) is dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>EME\u2019s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g on c<span class=\"_ _5\"></span>lima<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>nge m<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n project<span class=\"_ _5\"></span>s such as<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e construction and installation of found<span class=\"_ _3\"></span>ations and wind<span class=\"_ _8\"></span> turbines and their shore<span class=\"_ _8\"></span> connec<span class=\"_ _5\"></span>tions. Further<span class=\"_ _5\"></span>more, at cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t, c<span class=\"_ _5\"></span>lima<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>o not h<span class=\"_ _5\"></span>ave any s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d hal<span class=\"_ _5\"></span>f of 2<span class=\"_ _5\"></span>022, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>s </span><span class=\"ls170 ws185\">was released followi<span class=\"_ _3\"></span>ng the ea<span class=\"_ _3\"></span>rly repayment of<span class=\"_ _3\"></span> the </span>related long<span class=\"_ _5\"></span>-term loan<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, <span class=\"ff73 ls116 ws9d\">the c<span class=\"_ _3\"></span>ommitment made for in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tments <span class=\"ff70 ls3 ws3\">in th<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>ing ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 192.6 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>r the </span></span>upg<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>des f<span class=\"_ _5\"></span>or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ik<span class=\"_ _5\"></span>ing N<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>un\u2019, \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ller<span class=\"_ _4\"></span>\u2019, the new f<span class=\"_ _5\"></span>allp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>me ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal m<span class=\"_ _5\"></span>odi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons t<span class=\"_ _5\"></span>o the \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>n\u2019.The line<span class=\"_ _8\"></span> <span class=\"ff73 ls1d4 ws1fa\">\u2018sales and disposals\u2019 </span><span class=\"lsb1 wsbe\">of<span class=\"_ _3\"></span> \u2018f<span class=\"_ _5\"></span>loating and other<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion equipment\u2019 includes 5<span class=\"_ _8\"></span>2 million E<span class=\"_ _8\"></span>UR (both acquisition cost and </span>cumulative<span class=\"_ _3\"></span> depreciation<span class=\"_ _3\"></span>) of priorly activated and fully depreciat<span class=\"_ _3\"></span>ed dry-<span class=\"_ _5\"></span>docking costs<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er to \u2018o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\u2019 r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r of a ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>or a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han o<span class=\"_ _5\"></span>ne yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. A ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>ith a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, h<span class=\"_ _5\"></span>as b<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d to <span class=\"ff73\">\u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.In 2021 the jac<span class=\"_ _5\"></span>k-up ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _4\"></span>Tho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32.5 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, wa<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o \u2018<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in 2022 (not<span class=\"_ _5\"></span>e (2)<span class=\"_ _8\"></span>).The <span class=\"ff73 ls15d ws172\">depreciation<span class=\"_ _8\"></span> cost <span class=\"ff70 ls3 ws3\">of 2022 in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>es 0<span class=\"_ _5\"></span>.4 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. </span></span>In 2022, 1.5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construc<span class=\"_ _5\"></span>tion were capitalised.</span>Jap<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g. A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re is c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt is n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>\u2019of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E is ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d shar<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In 2020 CDWE<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEME (49.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>ind i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Jad<span class=\"_ _5\"></span>e\u2019 i<span class=\"_ _5\"></span>n T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing h<span class=\"_ _5\"></span>eav<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>dut<span class=\"_ _5\"></span>y cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e and i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>P3 cap<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>ch cra<span class=\"_ _5\"></span>ne w<span class=\"_ _5\"></span>ith a l<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of 4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Sta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng in 2023, t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>hri<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>al of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>s the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture i<span class=\"_ _5\"></span>s inte<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 of the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. D<span class=\"_ _5\"></span>EME h<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>ver inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>rox<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ely 3<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R in CDWE i<span class=\"_ _5\"></span>n 2020 and 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR in 2021 as ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>o add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal w<span class=\"_ _5\"></span>as inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E in 2022. Th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ed a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m ba<span class=\"_ _5\"></span>nk lo<span class=\"_ _5\"></span>an t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dra<span class=\"_ _5\"></span>wn in 2023 fo<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>yme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jad<span class=\"_ _5\"></span>e\u2019.Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r <span class=\"_ _6\"></span> Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _13c\"> </span>90,204<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _af\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _10c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _7e\"> </span><span class=\"ls79 ws87\">8,<span class=\"_ _5\"></span>252<span class=\"_ _8f\"> </span>42<span class=\"_ _5\"></span>,052</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _169\"> </span></span>-3,309<span class=\"_ _213\"> </span><span class=\"ls59 ws62\">-4,30<span class=\"_ _5\"></span>8<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-17,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>8</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _27\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>-39<span class=\"_ _5\"></span>1<span class=\"_ _35\"> </span>385<span class=\"_ _2e\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>4<span class=\"_ _167\"> </span><span class=\"ls76 ws84\">118</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28e\"> </span><span class=\"ls88 ws96\">-22<span class=\"_ _39\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls7b ws89\">-63<span class=\"_ _167\"> </span><span class=\"ls16 ws1d\">-84</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>99,<span class=\"_ _5\"></span>303<span class=\"_ _8f\"> </span>21<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>410<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>8<span class=\"_ _15f\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _28f\"> </span>23,09<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _290\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _cc\"> </span>6,40<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _8f\"> </span><span class=\"ls7c ws8a\">28,<span class=\"_ _5\"></span>582</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _15b\"> </span>-7<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _168\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>16<span class=\"_ _169\"> </span><span class=\"ls75 ws82\">-3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _78\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _32\"> </span>-<span class=\"_ _5\"></span>51<span class=\"_ _27\"> </span></span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _20\"> </span>15<span class=\"_ _5\"></span>3<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _1d9\"> </span><span class=\"ls7b ws89\">63</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _16f\"> </span><span class=\"ls75 ws82\">109<span class=\"_ _27\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _31\"> </span><span class=\"lse ws12\">89</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>29,<span class=\"_ _5\"></span>639<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>,759<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">20,468<span class=\"_ _202\"> </span><span class=\"ls57 ws60\">59,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _19b\"> </span>6<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _91\"> </span>5,008<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span><span class=\"lsf ws13\">90,620</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _6d\"> </span>69,66<span class=\"_ _5\"></span>4<span class=\"_ _8f\"> </span>11,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _15a\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _202\"> </span><span class=\"ls38 ws41\">98,994</span></span>The n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-u<span class=\"_ _5\"></span>se a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 99 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o 90<span class=\"_ _5\"></span>.6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k valu<span class=\"_ _5\"></span>e of \u2018<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>and a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s\u2019 c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e spl<span class=\"_ _5\"></span>it in 52.<span class=\"_ _5\"></span>6 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R land a<span class=\"_ _5\"></span>nd 1<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.The category \u2018Floating and other construction equipment\u2019 includes amongst others support vess<span class=\"_ _5\"></span>els, accommodation<span class=\"_ _3\"></span> vessels and dry ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he maj<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in \u2018<span class=\"_ _5\"></span>Flo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r cons<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>ipm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e hire o<span class=\"_ _5\"></span>f ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s.Lea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ond w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _3\"></span>-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in no<span class=\"_ _5\"></span>te (20).NOTE 7 <span class=\"_ _5\"></span>\u2013 RI<span class=\"_ _5\"></span>GH<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>OF<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>USE <span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>SET<span class=\"_ _5\"></span>SAt Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, an amoun<span class=\"_ _5\"></span>t of 18.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">m<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls </span>is o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is a d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 37<span class=\"_ _2\"></span>.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to 55<span class=\"_ _5\"></span>.<span class=\"_ _3\"></span>7 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2020<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, <span class=\"ff73 ls116 ws9d\">the<span class=\"_ _8\"></span> commitmen<span class=\"_ _5\"></span>t made<span class=\"_ _3\"></span> for inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s <span class=\"ff70 ls3 ws3\">in the co<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g year<span class=\"_ _5\"></span>s am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 251<span class=\"_ _8\"></span>.7 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y for t<span class=\"_ _5\"></span>he </span></span>\u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 and t<span class=\"_ _5\"></span>he up<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els \u2018<span class=\"_ _4\"></span>Vik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019<span class=\"ff70\">,</span> <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d.</span></span>In 2021 the of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re <span class=\"ff73\">ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>h\u2019) a<span class=\"_ _5\"></span>nd \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>liu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 we<span class=\"_ _5\"></span>re s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>. </span>No ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e \u2018O<span class=\"_ _5\"></span>mali<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019. See note (<span class=\"_ _8\"></span>2) Other operating income.The D<span class=\"_ _5\"></span>P2 of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k val<span class=\"_ _5\"></span>ue of 32.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, has b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to <span class=\"ff73\">\u2018As<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.The depreciat<span class=\"_ _3\"></span>ion cost<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">of 2021 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s 34<span class=\"_ _5\"></span>.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of wh<span class=\"_ _5\"></span>ich 25<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes to t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e </span>cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>rs \u2018Al Maha<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018<span class=\"_ _3\"></span>Al Ja<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>af<span class=\"_ _4\"></span>\u2019. This imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal an<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om a s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>c reb<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g of o<span class=\"_ _5\"></span>ur fleet upon the delivery of the cutter section dredger \u2018Spart<span class=\"_ _5\"></span>acus\u2019<span class=\"_ _3\"></span>.In 2021<span class=\"_ _8\"></span>, 4<span class=\"_ _5\"></span>.4 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construction were capitalised.</span>In 20<span class=\"_ _8\"></span>21 the<span class=\"_ _8\"></span> cu<span class=\"_ _5\"></span>tter suction dredger <span class=\"ff73 ls116 ws9d\">\u2018Spartacus<span class=\"_ _5\"></span>\u2019 and the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>erv<span class=\"_ _5\"></span>ice operation v<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>ssel \u2018Groenewind\u2019 joined the fleet <span class=\"ff70 ls3 ws3\">and we<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d </span></span>from \u2018<span class=\"_ _8\"></span>As<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s under<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion\u2019 to \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019.End o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>, <span class=\"ff73\">t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he \u2018<span class=\"_ _5\"></span>Fl<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng e<span class=\"_ _5\"></span>q<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 </span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 97% of the to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of 1,887 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR f<span class=\"_ _5\"></span>or the \u2018Floating and other<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion equipment\u2019<span class=\"_ _8\"></span>. Other constr<span class=\"_ _5\"></span>uction equipment within<span class=\"_ _3\"></span> \u2018Floating and other construction equipment\u2019 consists amongst other of<span class=\"_ _3\"></span> dry ear<span class=\"_ _5\"></span>th moving<span class=\"_ _3\"></span> equipment, pipeli<span class=\"_ _3\"></span>nes and eq<span class=\"_ _3\"></span>uipment of<span class=\"_ _8\"></span> DEME Infra.The n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-u<span class=\"_ _5\"></span>se a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 90<span class=\"_ _5\"></span>.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>, co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 75.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2020.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f \u2018<span class=\"_ _5\"></span>La<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d bui<span class=\"_ _5\"></span>ldin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>\u2019 ca<span class=\"_ _5\"></span>n be s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t in 52.0 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR la<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d 1<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs (2020: 37<span class=\"_ _2\"></span>.<span class=\"_ _5\"></span>9 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R lan<span class=\"_ _5\"></span>d and 18.<span class=\"_ _5\"></span>5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R buil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs). A maj<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in lan<span class=\"_ _5\"></span>d in 2021 is rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm h<span class=\"_ _5\"></span>ire (ti<span class=\"_ _5\"></span>ll 20<span class=\"_ _5\"></span>40) of a y<span class=\"_ _5\"></span>ard in V<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>n (T<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds).Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd and other<span class=\"ls3 ws3\"> </span>Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _13c\"> </span>7<span class=\"_ _3\"></span>4,909<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>2<span class=\"_ _202\"> </span><span class=\"ls36 ws3d\">24,96<span class=\"_ _5\"></span>9<span class=\"_ _15f\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>10,830</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _291\"> </span>25,97<span class=\"_ _2\"></span>4<span class=\"_ _91\"> </span>3,428<span class=\"_ _213\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _213\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>332<span class=\"_ _164\"> </span>-2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span></span>-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>3</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _13c\"> </span>1<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _20\"> </span>295<span class=\"_ _2e\"> </span><span class=\"ls75 ws82\">101<span class=\"_ _7f\"> </span><span class=\"ls78 ws86\">1,52<span class=\"_ _5\"></span>2</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>90<span class=\"_ _3\"></span>,204<span class=\"_ _202\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _27d\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _21e\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>75<span class=\"_ _1d\"> </span>5,9<span class=\"_ _5\"></span>80<span class=\"_ _202\"> </span><span class=\"ls3f ws67\">10,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>58<span class=\"_ _7a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>13</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _102\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>43<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">3,364<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _213\"> </span></span></span>2<span class=\"_ _5\"></span>1,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _109\"> </span>-6<span class=\"_ _5\"></span>,386<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>2<span class=\"_ _14e\"> </span>-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _a9\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _88\"> </span><span class=\"lsc wsd\">-51<span class=\"_ _1e7\"> </span></span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _226\"> </span><span class=\"ls7a ws88\">458<span class=\"_ _20\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span></span>49<span class=\"_ _35\"> </span><span class=\"ls57 ws60\">622</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>23,090<span class=\"_ _cc\"> </span>5,<span class=\"_ _5\"></span>367<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _ba\"> </span>56,434<span class=\"_ _1e\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>972<span class=\"_ _8f\"> </span><span class=\"ls5a ws63\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>11<span class=\"_ _15a\"> </span><span class=\"ls79 ws87\">75,<span class=\"_ _5\"></span>917</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _7b\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span>5,0<span class=\"_ _5\"></span>09<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>97<span class=\"_ _202\"> </span><span class=\"lsf ws13\">9<span class=\"_ _5\"></span>0,620</span></span>The<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>e DEME h<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te. T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r wh<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve, ar<span class=\"_ _5\"></span>e all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e suc<span class=\"_ _5\"></span>h as sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns on e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is al<span class=\"_ _5\"></span>loc<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he li<span class=\"_ _5\"></span>ne <span class=\"ff73 ls15d ws172\">'other mov<span class=\"_ _8\"></span>ement<span class=\"_ _5\"></span>s'<span class=\"ff70 ls3 ws3\">. The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve or n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er fr<span class=\"_ _5\"></span>om r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in </span></span>joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>n. I<span class=\"_ _5\"></span>f af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on the n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a negative inv<span class=\"_ _3\"></span>estment within non-current asset<span class=\"_ _5\"></span>s.Additions of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>n 2022 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s for 3<span class=\"_ _5\"></span>.9 </span>milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s are ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d mor<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in Thi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tle W<span class=\"_ _5\"></span>ind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of 2022 thi<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m had b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n awa<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d 2GW w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h of op<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>eas i<span class=\"_ _5\"></span>n Sc<span class=\"_ _5\"></span>otl<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>\u2019s hi<span class=\"_ _5\"></span>ghl<span class=\"_ _5\"></span>y comp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Sc<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to a ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in S<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>s NV, withi<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. In 2021 an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wa<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEM<span class=\"_ _5\"></span>E (4<span class=\"_ _3\"></span>9.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Ja<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>\u2019 in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture is co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>his n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 bu<span class=\"_ _5\"></span>t DEM<span class=\"_ _5\"></span>E\u2019s fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g in th<span class=\"_ _5\"></span>e new v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms o<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>nd the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e ho<span class=\"_ _5\"></span>ld in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (IR<span class=\"_ _5\"></span>S)<span class=\"_ _5\"></span>. Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the <span class=\"ff73 ls15d ws172\">other comprehensiv<span class=\"_ _8\"></span>e income (<span class=\"_ _8\"></span>OCI)<span class=\"ff70 ls3 ws3\"> of the cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span></span>incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es a p<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 28<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to a n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f -22.2 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2021 (<span class=\"_ _8\"></span>+50.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EUR mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear). T<span class=\"_ _5\"></span>his r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEM<span class=\"_ _5\"></span>E\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux SA<span class=\"_ _5\"></span>, BA<span class=\"_ _4\"></span>AK B<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>kenbu<span class=\"_ _5\"></span>rg-Verb<span class=\"_ _5\"></span>indi<span class=\"_ _5\"></span>ng BV an<span class=\"_ _5\"></span>d Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMO<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>, ne<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A mi<span class=\"_ _5\"></span>nor a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of -<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>02 milli<span class=\"_ _5\"></span>on EUR re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>es to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e (DEME s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e) is in<span class=\"_ _5\"></span>dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. The m<span class=\"_ _5\"></span>ajor p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e of jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ 50.<span class=\"_ _5\"></span>5 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R) is r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the g<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in mark<span class=\"_ _8\"></span>et interest ra<span class=\"_ _3\"></span>tes c<span class=\"_ _3\"></span>ompared<span class=\"_ _8\"></span> to the h<span class=\"_ _3\"></span>edged i<span class=\"_ _3\"></span>nterest<span class=\"_ _3\"></span> rates.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he <span class=\"ff73 ls116 ws9d\">divide<span class=\"_ _5\"></span>nds distributed by<span class=\"_ _3\"></span> the participations<span class=\"ff70 lsb1 wsbe\"> in 20<span class=\"_ _8\"></span>22, the a<span class=\"_ _3\"></span>mount received from<span class=\"_ _3\"></span> associates comes from the participations </span></span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d C<span class=\"_ _3\"></span>-P<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r NV, where<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y com<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>a NV.Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e <span class=\"ff73\">re<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es</span><span class=\"lsb1 wsbe\"> (9.3 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR) is related to<span class=\"_ _8\"></span> the Concessions segment and its participations in </span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V and S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e NV th<span class=\"_ _5\"></span>at op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s to it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g BV an<span class=\"_ _5\"></span>d in Por<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm C<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any SAO<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or 5.<span class=\"_ _5\"></span>6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R to th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>will i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s is 0.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>o cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>unt in 2<span class=\"_ _5\"></span>022 nor in 2021<span class=\"_ _3\"></span>. The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>ll inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d. O<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the segment reporting<span class=\"_ _5\"></span>, a separate<span class=\"_ _3\"></span> chapter i<span class=\"_ _3\"></span>n this re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t, joint ventu<span class=\"_ _3\"></span>res are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the proportionate consolidation method.The <span class=\"ff73 ls3 ws3\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>es ov<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span>are explained below<span class=\"_ _8\"></span>.The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESSummarised financial<span class=\"ls3 ws3\"> </span> information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>30,61<span class=\"_ _8\"></span>0<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,826,690</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>53,<span class=\"_ _5\"></span>552<span class=\"_ _8f\"> </span>43,96<span class=\"_ _8\"></span>7<span class=\"_ _b2\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>472<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _246\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>06<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _293\"> </span>9,38<span class=\"_ _5\"></span>8<span class=\"_ _31\"> </span>90<span class=\"_ _15a\"> </span>21,016<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _b2\"> </span><span class=\"ff72 ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _23a\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>4<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>37,337<span class=\"_ _15d\"> </span><span class=\"ls57 ws60\">38<span class=\"_ _5\"></span>9,282<span class=\"_ _af\"> </span><span class=\"ff72 ls6b ws78\">471,93<span class=\"_ _5\"></span>7</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _294\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1e7\"> </span>-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _169\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">2<span class=\"_ _5\"></span>,604<span class=\"_ _5\"></span>,622<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">2,<span class=\"_ _5\"></span>619<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>857</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _213\"> </span>47,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _15a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ls58 ws61\">698,<span class=\"_ _5\"></span>325<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">76<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>18</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _2e\"> </span>3<span class=\"_ _5\"></span>19<span class=\"_ _91\"> </span>3<span class=\"_ _5\"></span>,625<span class=\"_ _8f\"> </span><span class=\"ls8b ws99\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>213<span class=\"_ _15a\"> </span><span class=\"ff72 ls69 ws75\">61<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>51</span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>und i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt) o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>m are m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re w<span class=\"_ _5\"></span>ind f<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms C-Pow<span class=\"_ _5\"></span>er, Rentel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as to b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ay an<span class=\"_ _5\"></span>d tunne<span class=\"_ _5\"></span>l of Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds (BA<span class=\"_ _4\"></span>AK<span class=\"_ _5\"></span>).Summarised financial <span class=\"ls3 ws3\"> </span>Concessionsinformation of main associates<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) C-Power NV<span class=\"_ _159\"> </span><span class=\"ls3 ws3\">Re<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _1de\"> </span><span class=\"lsa2 wsb1\">Seamade NV</span></span>Blankenburg- Verbinding BV(<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _259\"> </span>5<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>762<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span>1,062,5<span class=\"_ _8\"></span>73<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls16 ws1d\">2,41<span class=\"_ _8\"></span>9,407</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _23a\"> </span>112<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _93\"> </span>119<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _93\"> </span>1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>10<span class=\"_ _1e4\"> </span><span class=\"ff72 ls6b ws78\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>62<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>0<span class=\"_ _27d\"> </span>15<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>76<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span>1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _af\"> </span><span class=\"ff72 ls5c ws65\">6<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _297\"> </span>35<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>47<span class=\"_ _93\"> </span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>925<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>233<span class=\"_ _af\"> </span><span class=\"lsb wsc\">7<span class=\"_ _5\"></span>70,671<span class=\"_ _1e4\"> </span><span class=\"ff72 ls3 ws3\">2,6<span class=\"_ _5\"></span>95,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>72,<span class=\"_ _5\"></span>395<span class=\"_ _14e\"> </span>7<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _152\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _15a\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _3\"></span>08<span class=\"_ _159\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>99,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>89</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _1e1\"> </span>318<span class=\"_ _5\"></span>,371<span class=\"_ _27d\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>35<span class=\"_ _af\"> </span>924<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _15d\"> </span><span class=\"lsd wsf\">738<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>86<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,605,696</span></span>Income statementRevenues<span class=\"_ _e5\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _93\"> </span>12<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _af\"> </span>14<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _af\"> </span><span class=\"ls55 ws5d\">26<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>41<span class=\"_ _15d\"> </span><span class=\"ff72 ls88 ws96\">6<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _22f\"> </span>5,7<span class=\"_ _5\"></span>87<span class=\"_ _8f\"> </span>21,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _213\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _8f\"> </span><span class=\"ff72 ls69 ws75\">51,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _35\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>031,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>,17<span class=\"_ _4\"></span>8</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _cc\"> </span>2,938<span class=\"_ _15f\"> </span><span class=\"lsf ws13\">1<span class=\"_ _8\"></span>62,679<span class=\"_ _93\"> </span><span class=\"ls8 ws8\">17<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _4\"></span>5</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _2d\"> </span>19<span class=\"_ _5\"></span>8<span class=\"_ _93\"> </span><span class=\"ls7b ws89\">-6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,423<span class=\"_ _af\"> </span><span class=\"ff72 ls84 ws92\">-<span class=\"_ _5\"></span>64<span class=\"_ _5\"></span>,22<span class=\"_ _5\"></span>5</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsf ws13\">98<span class=\"_ _5\"></span>,256<span class=\"_ _da\"> </span><span class=\"ls31 ws3a\">106,889</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _f6\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _91\"> </span><span class=\"ls75 ws82\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _8f\"> </span></span></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _169\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _14e\"> </span>254,829<span class=\"_ _8\"></span> <span class=\"_ _7c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span>8,<span class=\"_ _5\"></span>352 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>82,<span class=\"_ _5\"></span>877<span class=\"_ _5\"></span> </span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 12<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,9<span class=\"_ _5\"></span>01 <span class=\"_ _1e\"> </span></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _af\"> </span>135,<span class=\"_ _2\"></span>14<span class=\"_ _5\"></span>8 </span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _221\"> </span>-<span class=\"_ _5\"></span>41,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _5\"></span>8 <span class=\"_ _84\"> </span><span class=\"ls1c ws26\">92<span class=\"_ _5\"></span>5 <span class=\"_ _55\"> </span></span>-<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">-4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,528<span class=\"_ _5\"></span> </span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 80,628 <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>939 <span class=\"_ _168\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _1bf\"> </span></span>-<span class=\"_ _202\"> </span></span>94,620 associates book<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>d as<span class=\"_ _3\"></span> a non-current<span class=\"_ _3\"></span> assetSummarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _f5\"> </span>25<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _91\"> </span>2,5<span class=\"_ _5\"></span>42<span class=\"_ _91\"> </span>5,<span class=\"_ _5\"></span>070<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls57 ws60\">259,8<span class=\"_ _5\"></span>59</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _228\"> </span><span class=\"ls34 ws3e\">104,25<span class=\"_ _3\"></span>8<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span></span></span></span><span class=\"ff72\">14<span class=\"_ _8\"></span>1,296</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _19c\"> </span>2<span class=\"_ _3\"></span>54,829<span class=\"_ _7a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span>8,<span class=\"_ _5\"></span>352<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls7b ws89\">282,<span class=\"_ _5\"></span>877</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _d8\"> </span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _163\"> </span>1,78<span class=\"_ _5\"></span>3<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls38 ws41\">70,985</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _106\"> </span>34,6<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _91\"> </span>8,826<span class=\"_ _91\"> </span>3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span><span class=\"ff72 ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _131\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>17<span class=\"_ _1e7\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>33<span class=\"_ _39\"> </span></span>-<span class=\"_ _7c\"> </span><span class=\"ff72 ls2c ws38\">22,<span class=\"_ _8\"></span>444</span>Income statementRevenues<span class=\"_ _1b3\"> </span>110<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _213\"> </span>16,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,13<span class=\"_ _4\"></span>2<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls16 ws1d\">1<span class=\"_ _8\"></span>34,451</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _298\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _a9\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">2,<span class=\"_ _5\"></span>353<span class=\"_ _39\"> </span></span>-<span class=\"_ _8f\"> </span><span class=\"ff72 ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>10</span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd D<span class=\"_ _5\"></span>eep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV<span class=\"_ _5\"></span>) an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>age w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (Sc<span class=\"_ _5\"></span>ald<span class=\"_ _5\"></span>is N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, a 5<span class=\"_ _5\"></span>0% joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th DEM<span class=\"_ _5\"></span>E Bui<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng Ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials B<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e was n<span class=\"_ _5\"></span>o ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in Ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ia (Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga L<span class=\"_ _5\"></span>LC) any<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>re in 2022.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3f\"> </span>-<span class=\"_ _91\"> </span>9,<span class=\"_ _5\"></span>955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">91,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"ls16 ws1d\">99,49<span class=\"_ _3\"></span>3</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _35\"> </span>197<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-6<span class=\"_ _5\"></span>0,300<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">-<span class=\"_\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"lse ws12\">39,390</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _29d\"> </span>-<span class=\"_ _91\"> </span>5,020<span class=\"_ _1d\"> </span>2<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>05<span class=\"_ _7a\"> </span><span class=\"ls34 ws3e\">34,39<span class=\"_ _8\"></span>2<span class=\"_ _7a\"> </span><span class=\"ff72 ls33 ws3c\">42,21<span class=\"_ _8\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _32\"> </span>-37<span class=\"_ _169\"> </span><span class=\"ls37 ws83\">-2,<span class=\"_ _3\"></span>790<span class=\"_ _15a\"> </span><span class=\"ff72 ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7</span></span>Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _fc\"> </span>15<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>76<span class=\"_ _15a\"> </span>19<span class=\"_ _8\"></span>,266<span class=\"_ _cc\"> </span>5,266<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">181,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>91,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _14e\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _29b\"> </span><span class=\"ff72 lse ws12\">1<span class=\"_ _8\"></span>36<span class=\"_ _5\"></span>,398</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _f9\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _91\"> </span>5,4<span class=\"_ _5\"></span>66<span class=\"_ _7f\"> </span>2<span class=\"_ _7\"></span>,13<span class=\"_ _7\"></span>6<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls4c ws5f\">65<span class=\"_ _5\"></span>,523</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>34,69<span class=\"_ _8\"></span>7<span class=\"_ _7a\"> </span>2<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _7f\"> </span>3,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ff72 ls38 ws41\">60,<span class=\"_ _5\"></span>346</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _109\"> </span>27,497<span class=\"_ _168\"> </span>-1,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>27<span class=\"_ _39\"> </span></span>-<span class=\"_ _202\"> </span><span class=\"ff72 ls18 ws20\">23,305</span>Income statementRevenues<span class=\"_ _29c\"> </span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span>14<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2<span class=\"_ _7e\"> </span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls33 ws3c\">242,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>32</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>4<span class=\"_ _5\"></span>,79<span class=\"_ _4\"></span>0<span class=\"_ _14e\"> </span>-<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>958<span class=\"_ _20\"> </span><span class=\"ls89 ws97\">817<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"ff72 ls19 ws16\">6<span class=\"_ _5\"></span>49</span>Summarised financial <span class=\"ls3 ws3\"> </span>information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _2e\"> </span>12<span class=\"_ _5\"></span>5<span class=\"_ _202\"> </span>34,88<span class=\"_ _5\"></span>4<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>0<span class=\"_ _b2\"> </span><span class=\"ff72 ls33 ws3c\">2,952,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>49</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _205\"> </span>-<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>47<span class=\"_ _15a\"> </span>42,363<span class=\"_ _15f\"> </span><span class=\"ls19 ws16\">966,044<span class=\"_ _1e4\"> </span></span><span class=\"ff72\">1,045,9<span class=\"_ _8\"></span>54</span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _34\"> </span>-<span class=\"_ _91\"> </span>9,955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _299\"> </span>-<span class=\"_ _7f\"> </span>1,<span class=\"_ _5\"></span>715<span class=\"_ _15a\"> </span>23<span class=\"_ _5\"></span>,059<span class=\"_ _b1\"> </span><span class=\"ls13 ws9a\">2<span class=\"_ _3\"></span>,887<span class=\"_ _2\"></span>,89<span class=\"_ _3\"></span>2<span class=\"_ _1e4\"> </span><span class=\"ff72 ls33 ws3c\">2,91<span class=\"_ _2\"></span>2,666</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _29a\"> </span>-<span class=\"_ _202\"> </span>26,002<span class=\"_ _7a\"> </span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>19<span class=\"_ _15f\"> </span><span class=\"ls34 ws3e\">344,405<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _f6\"> </span>-<span class=\"_ _168\"> </span>-7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14e\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsf ws13\">2,508,01<span class=\"_ _8\"></span>1<span class=\"_ _89\"> </span><span class=\"ff72 ls33 ws3c\">2,5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>2,595</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _8f\"> </span>43<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _8f\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9<span class=\"_ _af\"> </span><span class=\"lsb wsc\">673,<span class=\"_ _5\"></span>026<span class=\"_ _af\"> </span><span class=\"ff72 ls8 ws8\">7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _1bf\"> </span>2<span class=\"_ _163\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1<span class=\"_ _14e\"> </span><span class=\"ls147 ws157\">6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _7a\"> </span><span class=\"ff72 ls38 ws41\">70,250</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSReconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _169\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span></span>-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _7a\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _1d\"> </span>2,434<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7a\"> </span><span class=\"ls8 ws8\">9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _95\"> </span><span class=\"ls84 ws92\">-4<span class=\"_ _5\"></span>65<span class=\"_ _35\"> </span><span class=\"ls1c ws26\">925<span class=\"_ _27\"> </span></span></span>-<span class=\"_ _c0\"> </span><span class=\"ff72 ls10 ws14\">460</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _15a\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>,15<span class=\"_ _5\"></span>3<span class=\"_ _7e\"> </span>3,<span class=\"_ _5\"></span>359<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ls16 ws1d\">90,564</span></span>associatesCUR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S RECO<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>NI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ED I<span class=\"_ _5\"></span>N COM<span class=\"_ _5\"></span>PR<span class=\"_ _5\"></span>EH<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>E IN<span class=\"_ _5\"></span>CO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Curr<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e<span class=\"_ _2a8\"> </span><span class=\"ls79 ws87\">36<span class=\"_ _5\"></span>,55<span class=\"_ _5\"></span>8<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">45,9<span class=\"_ _3\"></span>79</span></span>Rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>gar<span class=\"_ _5\"></span>ding p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>-<span class=\"_ _1e6\"> </span>-Adjus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x of p<span class=\"_ _5\"></span>rev<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s year<span class=\"_ _5\"></span>s<span class=\"_ _7d\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3<span class=\"_ _229\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e / (i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me)<span class=\"_ _ef\"> </span><span class=\"ls34 ws3e\">43,91<span class=\"_ _8\"></span>1<span class=\"_ _5e\"> </span><span class=\"ls18 ws20\">44<span class=\"_ _5\"></span>,698</span></span>Rela<span class=\"_ _5\"></span>ting t<span class=\"_ _5\"></span>o or<span class=\"_ _5\"></span>igina<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces<span class=\"_ _212\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _5e\"> </span>-11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>d<span class=\"_ _255\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _3f\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>49</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e / (in<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>me)<span class=\"_ _2a9\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _43\"> </span>-1<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9</span>Cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _247\"> </span><span class=\"ls6b ws78\">31,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61<span class=\"_ _19a\"> </span>31,<span class=\"_ _5\"></span>079</span>- Empl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>e ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts<span class=\"_ _18d\"> </span><span class=\"ls78 ws86\">1,2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _69\"> </span><span class=\"ls88 ws96\">-259</span></span>- Finan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _2aa\"> </span><span class=\"ls7e ws8c\">15<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>2<span class=\"_ _17c\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>82<span class=\"_ _5\"></span>6</span></span>Cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r el<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ve 16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _18b\"> </span><span class=\"ls6b ws78\">1,5<span class=\"_ _5\"></span>67</span>income (<span class=\"_ _8\"></span>+ is liability)Cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e<span class=\"_ _224\"> </span><span class=\"ls7b ws89\">47<span class=\"_ _8\"></span>,777<span class=\"_ _4b\"> </span><span class=\"ls84 ws92\">32<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>46</span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed to b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om or p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n aut<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x rat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x law<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to com<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt ar<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t are e<span class=\"_ _5\"></span>nac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d or s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>nac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d at t<span class=\"_ _5\"></span>he repor<span class=\"_ _5\"></span>ting date<span class=\"_ _8\"></span> in the countries where the<span class=\"_ _3\"></span> Group operates and<span class=\"_ _3\"></span> generates taxable income.Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to it<span class=\"_ _5\"></span>ems r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n OCI a<span class=\"_ _5\"></span>nd no<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of income.Management periodically e<span class=\"_ _3\"></span>valuates positions tak<span class=\"_ _3\"></span>en in<span class=\"_ _3\"></span> the tax returns with respect to situ<span class=\"_ _3\"></span>ations in whi<span class=\"_ _3\"></span>ch applicable<span class=\"_ _3\"></span> tax regulations are subject to<span class=\"_ _8\"></span> interpretation and establishes provisions<span class=\"_ _3\"></span> where appropriate.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x is p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>n temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>eir carr<span class=\"_ _5\"></span>ying amounts for financia<span class=\"_ _3\"></span>l reporting purpos<span class=\"_ _5\"></span>es at the<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting date.The o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup a<span class=\"_ _5\"></span>re su<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>egi<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s ra<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om 0% t<span class=\"_ _5\"></span>o 4<span class=\"_ _8\"></span>1.5%<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1OTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _2a3\"> </span><span class=\"ls18 ws20\">4,23<span class=\"_ _5\"></span>9<span class=\"_ _186\"> </span><span class=\"ls67 ws72\">3,<span class=\"_ _5\"></span>221</span></span>Additions<span class=\"_ _2a4\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _11c\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>018</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a5\"> </span><span class=\"ls75 ws82\">-310<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _df\"> </span>-<span class=\"_ _120\"> </span>-yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _2a6\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a7\"> </span><span class=\"ls5a ws63\">11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _186\"> </span><span class=\"ls18 ws20\">4<span class=\"_ _5\"></span>,239</span></span>Ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s <span class=\"ff70 ls170 ws185\">are non-current operating<span class=\"_ _3\"></span> receivables and loans.</span>The <span class=\"ff73 ls116 ws9d\">addition</span><span class=\"ls3 ws3\"> of 7<span class=\"_ _8\"></span>.9 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng te<span class=\"_ _5\"></span>rm p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the 10 milli<span class=\"_ _5\"></span>on l<span class=\"_ _5\"></span>oan g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the b<span class=\"_ _5\"></span>uy<span class=\"_ _5\"></span>er of t<span class=\"_ _5\"></span>he \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>.</span>DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES S<span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>IT BY O<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>NThe c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s spl<span class=\"_ _5\"></span>it by t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ir or<span class=\"_ _5\"></span>igin i<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low.De<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>s (bo<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s) rel<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"ff70\"> ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y. Thes<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o </span>bo<span class=\"_ _5\"></span>th te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>y c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e DEME g<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n policy and impairment<span class=\"_ _3\"></span> corrections on fixed asset<span class=\"_ _5\"></span>s.Deferred taxes<span class=\"_ _3\"></span> regarding emplo<span class=\"_ _8\"></span>yee benefit<span class=\"_ _5\"></span>s<span class=\"ff70 ls3 ws3\"> (<span class=\"_ _3\"></span>onl<span class=\"_ _5\"></span>y de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s) are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>oked f<span class=\"_ _5\"></span>or em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts </span>acco<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its<span class=\"_ _5\"></span>.The colum<span class=\"_ _3\"></span>n <span class=\"ff73 ls15d ws172\">rev<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>sal statutory provision<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>or re<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>r and m<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>enan<span class=\"_ _5\"></span>ce </span></span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t allo<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IFR<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes o<span class=\"_ _5\"></span>n <span class=\"ff73 ls116 ws9d\">other timing differences</span><span class=\"lsb1 wsbe\"> mainly relat<span class=\"_ _3\"></span>e to c<span class=\"_ _3\"></span>onsolidation adjustments on runni<span class=\"_ _3\"></span>ng projects<span class=\"_ _5\"></span>.</span>Management periodically e<span class=\"_ _3\"></span>valuates positions tak<span class=\"_ _3\"></span>en in<span class=\"_ _3\"></span> the tax returns with respect to situ<span class=\"_ _3\"></span>ations in whi<span class=\"_ _3\"></span>ch applicable<span class=\"_ _3\"></span> tax regulations are subject to<span class=\"_ _8\"></span> interpretation and establishes provisions<span class=\"_ _3\"></span> where appropriate.<span class=\"_ _8\"></span> Thes<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> for uncertain tax<span class=\"_ _3\"></span> positions (<span class=\"_ _8\"></span>UTP)<span class=\"ff70 ls3 ws3\"> are </span></span>bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. In thi<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>, man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s UT<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>\u2019s indi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual<span class=\"_ _5\"></span>ly, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n an ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h whi<span class=\"_ _5\"></span>ch pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. For 2022 (and 2021<span class=\"_ _2\"></span>) e<span class=\"_ _5\"></span>ach U<span class=\"_ _5\"></span>TP ha<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng the most lik<span class=\"_ _3\"></span>ely single a<span class=\"_ _3\"></span>mount. Currently<span class=\"_ _8\"></span>, the major<span class=\"_ _3\"></span> UTP\u2019s relate t<span class=\"_ _3\"></span>o ongoing tax l<span class=\"_ _3\"></span>itigations in<span class=\"_ _3\"></span> the Phili<span class=\"_ _3\"></span>ppines, India, and N<span class=\"_ _3\"></span>igeria.RECO<span class=\"_ _5\"></span>NC<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>ON O<span class=\"_ _5\"></span>F TH<span class=\"_ _5\"></span>E EF<span class=\"_ _5\"></span>FEC<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>VE T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>X R<span class=\"_ _5\"></span>A<span class=\"_ _8\"></span>TEBe<span class=\"_ _5\"></span>low a r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>liat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>cab<span class=\"_ _5\"></span>le in B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Resu<span class=\"_ _3\"></span>lt befo<span class=\"_ _3\"></span>re tax<span class=\"_ _8\"></span>es<span class=\"_ _29e\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _8\"></span>30,925<span class=\"_ _38\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>9</span></span>T<span class=\"_ _8\"></span>ax e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e at n<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l ta<span class=\"_ _5\"></span>x r<span class=\"_ _5\"></span>ate i<span class=\"_ _5\"></span>n Be<span class=\"_ _5\"></span>lgi<span class=\"_ _5\"></span>um w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is 25% i<span class=\"_ _5\"></span>n 2022 an<span class=\"_ _5\"></span>d 2021<span class=\"_ _2ab\"> </span><span class=\"ls5c ws65\">32<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5e\"> </span><span class=\"ls16 ws1d\">34,467</span></span>Incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e (de<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e) in ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om:T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>x eff<span class=\"_ _5\"></span>ect of non-deduc<span class=\"_ _5\"></span>tible expenses<span class=\"_ _3a\"> </span><span class=\"ls55 ws5d\">2,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>16<span class=\"_ _18b\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,03<span class=\"_ _5\"></span>9</span></span>1T<span class=\"_ _8\"></span>ax e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f non<span class=\"_ _5\"></span>-ta<span class=\"_ _5\"></span>xa<span class=\"_ _5\"></span>ble r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue ()<span class=\"_ _2ac\"> </span><span class=\"ls76 ws84\">-3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _3f\"> </span><span class=\"ls79 ws87\">-9,52<span class=\"_ _5\"></span>5</span></span>T<span class=\"_ _8\"></span>ax c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d impa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of n<span class=\"_ _5\"></span>oti<span class=\"_ _5\"></span>onal i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _194\"> </span>-<span class=\"_ _120\"> </span>-Ef<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s appl<span class=\"_ _5\"></span>icab<span class=\"_ _5\"></span>le to s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g in ot<span class=\"_ _5\"></span>her ju<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s or -4,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>34<span class=\"_ _3f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3</span>2inco<span class=\"_ _5\"></span>me ta<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>able u<span class=\"_ _5\"></span>nder s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x reg<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h as ton<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ()T<span class=\"_ _8\"></span>ax im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f (de)re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns fo<span class=\"_ _5\"></span>r unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _d2\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _5\"></span>6,6<span class=\"_ _5\"></span>48<span class=\"_ _41\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9</span></span>T<span class=\"_ _8\"></span>ax im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to p<span class=\"_ _5\"></span>rev<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds<span class=\"_ _2ad\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _49\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1</span></span>3T<span class=\"_ _8\"></span>ax im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed ()<span class=\"_ _28\"> </span><span class=\"ls13 ws9a\">2,854<span class=\"_ _19a\"> </span><span class=\"ls7b ws89\">23,631</span></span>T<span class=\"_ _2\"></span>ax exp<span class=\"_ _5\"></span>ense<span class=\"_ _1c0\"> </span><span class=\"ls6b ws78\">31,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61<span class=\"_ _19a\"> </span>31,<span class=\"_ _5\"></span>079</span>Ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d<span class=\"_ _1ad\"> </span><span class=\"ls57 ws60\">23<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>95%<span class=\"_ _1b7\"> </span><span class=\"lsd wsf\">22<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>54%</span></span>(1<span class=\"_ _8\"></span>)\u2002\ue603<span class=\"_ _6\"></span>Th<span class=\"_ _5\"></span>e\ue603ma<span class=\"_ _5\"></span>in\ue603co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts\ue603o<span class=\"_ _5\"></span>f\ue603th<span class=\"_ _5\"></span>e\ue603ta<span class=\"_ _5\"></span>x\ue603e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t\ue603on\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le\ue603re<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nue\ue603a<span class=\"_ _5\"></span>re\ue603t<span class=\"_ _5\"></span>ax-<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e\ue603lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s\ue603on\ue603c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al\ue603i<span class=\"_ _5\"></span>n\ue6032022\ue603an<span class=\"_ _5\"></span>d\ue603ta<span class=\"_ _5\"></span>x-<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>le\ue603l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es\ue603o<span class=\"_ _5\"></span>n\ue603re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>es\ue603a<span class=\"_ _5\"></span>nd\ue603r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>do<span class=\"_ _5\"></span>m\ue603depreciations in<span class=\"_ _8\"></span> 2021<span class=\"_ _8\"></span>.(2)\u2002\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>\ue603ta<span class=\"_ _5\"></span>x\ue603ra<span class=\"_ _5\"></span>te\ue603(2022<span class=\"_ _5\"></span>:\ue60323.<span class=\"_ _5\"></span>95%)\ue603is\ue603lo<span class=\"_ _5\"></span>wer\ue603t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n\ue603the\ue603n<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l\ue603ta<span class=\"_ _5\"></span>x\ue603r<span class=\"_ _5\"></span>ate\ue603i<span class=\"_ _5\"></span>n\ue603Be<span class=\"_ _5\"></span>lg<span class=\"_ _5\"></span>ium\ue603(25%),\ue603b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se\ue603i<span class=\"_ _5\"></span>n\ue603se<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>ral\ue603c<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es\ue603w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>re\ue603we\ue603o<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d\ue603in\ue6032022\ue603t<span class=\"_ _5\"></span>he\ue603n<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l\ue603ta<span class=\"_ _5\"></span>x\ue603ra<span class=\"_ _5\"></span>te is r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>ly l<span class=\"_ _5\"></span>ow a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ap<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f to<span class=\"_ _5\"></span>nna<span class=\"_ _5\"></span>ge t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>me ap<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r 2021 (ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te o<span class=\"_ _5\"></span>f 22.<span class=\"_ _5\"></span>54%).(3)\u2002\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ce\ue603b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en\ue6032<span class=\"_ _5\"></span>022\ue603an<span class=\"_ _5\"></span>d\ue6032021\ue603is\ue603ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed\ue603b<span class=\"_ _5\"></span>y\ue603on\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ne\ue603ha<span class=\"_ _5\"></span>nd\ue603t<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t\ue603o<span class=\"_ _5\"></span>f\ue603re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x\ue603as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g\ue603to\ue603t<span class=\"_ _5\"></span>ax\ue603l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es\ue603c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d\ue603fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd\ue603in 2021 (i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e) and o<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f unr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s in 2022 (f<span class=\"_ _5\"></span>or a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>ax e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f 6.<span class=\"_ _5\"></span>4 mil<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R), de<span class=\"_ _5\"></span>cr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>.CUR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>X R<span class=\"_ _5\"></span>ECE<span class=\"_ _5\"></span>IV<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D P<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>Y<span class=\"_ _2\"></span>AB<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s deb<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls78 ws86\">2<span class=\"_ _5\"></span>1,5<span class=\"_ _5\"></span>93<span class=\"_ _5d\"> </span><span class=\"lsb wsc\">32,<span class=\"_ _5\"></span>303</span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es (+ is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _2a9\"> </span><span class=\"ls7f ws8d\">66<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _61\"> </span>76<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l position.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or al<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>y fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd of u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed <span class=\"ff73 ls1df ws15f\">tax credits</span> and any unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d tax losses<span class=\"ff70 ls3 ws3\">. Def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the </span>ded<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly. For a b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>kdow<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he (un)re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n this note.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>gar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g <span class=\"ff73 ls116 ws9d\">financial derivatives</span><span class=\"lsb1 wsbe\"> only conc<span class=\"_ _3\"></span>ern fully consolidated<span class=\"_ _3\"></span> companies, see also the section </span>regarding<span class=\"_ _3\"></span> other compre<span class=\"_ _3\"></span>hensive inc<span class=\"_ _3\"></span>ome.2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovision differences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _168\"> </span>-<span class=\"_ _27d\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1dc\"> </span>29,627<span class=\"_ _28d\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14b\"> </span><span class=\"ls79 ws87\">-26<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _1bf\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _289\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span>0<span class=\"_ _ac\"> </span><span class=\"ls7e ws8c\">-7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span><span class=\"ls7a ws88\">-5,5<span class=\"_ _5\"></span>49<span class=\"_ _ad\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _a9\"> </span></span></span>-<span class=\"_ _1f7\"> </span><span class=\"ff72 ls5b ws64\">-<span class=\"_ _8\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>3</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _168\"> </span></span>-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls7f ws8d\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _202\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _120\"> </span><span class=\"ls16 ws1d\">34,242<span class=\"_ _164\"> </span></span>-<span class=\"_ _1f9\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>15<span class=\"_ _73\"> </span>464<span class=\"_ _143\"> </span>24,078<span class=\"_ _14c\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_\"> </span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _28d\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _165\"> </span>26,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _1f9\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,2<span class=\"_ _5\"></span>93<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>3<span class=\"_ _1e5\"> </span><span class=\"ls1a4 ws1cb\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _14c\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-26,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _41\"> </span>-3<span class=\"_ _5\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _159\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _ad\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _1df\"> </span><span class=\"ls7a ws88\">-45<span class=\"_ _5\"></span>0<span class=\"_ _1ef\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ad\"> </span><span class=\"ff72 ls6b ws78\">-<span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>593</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _149\"> </span>-1,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls7e ws8c\">-15<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>2<span class=\"_ _1e7\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _157\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _8\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _111\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _168\"> </span></span>-<span class=\"_ _28a\"> </span><span class=\"ff72 ls79 ws87\">-20</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e0\"> </span><span class=\"ls59 ws62\">2,30<span class=\"_ _5\"></span>6<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f7\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _168\"> </span></span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span>22,495<span class=\"_ _289\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _ae\"> </span>364<span class=\"_ _1f2\"> </span>50,320<span class=\"_ _1e0\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _157\"> </span></span>38<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>6<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ls10 ws14\">1<span class=\"_ _2\"></span>24,388</span></span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES R<span class=\"_ _5\"></span>ECOR<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>ED I<span class=\"_ _5\"></span>N OTH<span class=\"_ _5\"></span>ER CO<span class=\"_ _5\"></span>MP<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>VE I<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>EThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he it<span class=\"_ _5\"></span>ems t<span class=\"_ _5\"></span>hey r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to, w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er comprehensive inc<span class=\"_ _3\"></span>ome:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>60<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>577<span class=\"_ _202\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _213\"> </span><span class=\"ls7a ws88\">45,455</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _101\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">3,953</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _27c\"> </span>65,<span class=\"_ _5\"></span>824<span class=\"_ _152\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _202\"> </span><span class=\"ls3 ws3\">49,4<span class=\"_ _5\"></span>08</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _212\"> </span>6<span class=\"_ _5\"></span>,408<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _7e\"> </span><span class=\"ls7c ws8a\">4,<span class=\"_ _5\"></span>582</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _10b\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _20\"> </span><span class=\"ls4b ws53\">259<span class=\"_ _95\"> </span><span class=\"ls16 ws1d\">-846</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _1b2\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>03<span class=\"_ _164\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _7e\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovisiondifferences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>676<span class=\"_ _169\"> </span>-<span class=\"_ _15c\"> </span>364<span class=\"_ _ae\"> </span>570<span class=\"_ _1f9\"> </span><span class=\"ls5a ws63\">3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span></span>6,<span class=\"_ _5\"></span>676<span class=\"_ _157\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _29\"> </span>-<span class=\"_ _5\"></span>6,460<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>9<span class=\"_ _b0\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _1e0\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _2b0\"> </span><span class=\"ls3f ws67\">2,<span class=\"_ _5\"></span>073<span class=\"_ _168\"> </span></span></span></span></span>-<span class=\"_ _234\"> </span><span class=\"ff72 ls5c ws65\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls1c ws26\">377<span class=\"_ _168\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ff72 ls4c ws5f\">37<span class=\"_ _5\"></span>7</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span><span class=\"lsd9 wse4\">54<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>216<span class=\"_ _168\"> </span></span>-<span class=\"_ _af\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span>29,628<span class=\"_ _b0\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _280\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _1f9\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _2b1\"> </span><span class=\"lsd wsf\">3,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _1ed\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23<span class=\"_ _1f9\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>31<span class=\"_ _1f9\"> </span></span></span></span></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _2b2\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>418</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _43\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _1dd\"> </span>375<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>2,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>49<span class=\"_ _ac\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _b0\"> </span>6<span class=\"_ _4\"></span>,70<span class=\"_ _5\"></span>7<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ff72 lsf ws13\">8,<span class=\"_ _5\"></span>820</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _ae\"> </span>259<span class=\"_ _149\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _a9\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _f2\"> </span>26,<span class=\"_ _2\"></span>180<span class=\"_ _1ed\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>293<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>72<span class=\"_ _289\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _1ef\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>134<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9</span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.NOTE 1<span class=\"_ _8\"></span>2 \u2013 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>ACT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETS <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>CONTR<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Contract assets <span class=\"ff70 ls3 ws3\">an<span class=\"_ _5\"></span>d </span>contract liabilities <span class=\"ff70 ls3 ws3\">rela<span class=\"_ _5\"></span>te in co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IF<span class=\"_ _5\"></span>RS 15 </span>revenue from<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s with customers to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k in pro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s ren<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Work in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>ws t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue recognised on those contracts <span class=\"ls170 ws185\">less progress billings, advanc<span class=\"_ _3\"></span>e payments and<span class=\"_ _3\"></span> potential pro<span class=\"_ _3\"></span>visions for losses. <span class=\"ff73 ls3 ws3\">Adv<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d <span class=\"ff70\">ar<span class=\"_ _5\"></span>e </span></span></span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ou<span class=\"_ _5\"></span>t a dive<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, al<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng e.<span class=\"_ _5\"></span>g. na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>, ty<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns an<span class=\"_ _5\"></span>d geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>ginni<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by mi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>one p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.NOTE 1<span class=\"_ _2\"></span>1 \u2013 I<span class=\"_ _5\"></span>NV<span class=\"_ _5\"></span>ENTORI<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Raw materials<span class=\"_ _2b9\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls7b ws89\">2<span class=\"_ _5\"></span>,683 </span></span>Consumables<span class=\"_ _283\"> </span><span class=\"ls89 ws97\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>485 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal inventories<span class=\"_ _267\"> </span><span class=\"lsf ws13\">25,696 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> </span></span>Mov<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed in s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e<span class=\"_ _19c\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _2ba\"> </span><span class=\"ls6e ws7b\">1,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span> </span></span>Inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>n be s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t int<span class=\"_ _5\"></span>o \u2018R<span class=\"_ _5\"></span>aw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018C<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>. <span class=\"ff73\">Raw m<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>ls </span>ar<span class=\"_ _5\"></span>e mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>t &amp; dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ged m<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>l and sa<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e ag<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>gate b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent \u201c<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>\u201d. <span class=\"ff73 ls116 ws9d\">Consumables<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t out o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>, au<span class=\"_ _5\"></span>xili<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y </span></span>materials and spare par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s.The m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>.4 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR) is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>el us<span class=\"_ _5\"></span>age u<span class=\"_ _5\"></span>p till c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date<span class=\"_ _5\"></span>. Al<span class=\"_ _5\"></span>so t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>up o<span class=\"_ _5\"></span>f so<span class=\"_ _5\"></span>me ma<span class=\"_ _5\"></span>jor p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>lain t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>.No inve<span class=\"_ _3\"></span>ntories are pledged as<span class=\"_ _3\"></span> securit<span class=\"_ _5\"></span>y for li<span class=\"_ _3\"></span>abilities.IN<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X LOS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>S C<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D FOR<span class=\"_ _5\"></span>W<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RDIn 2022, inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f <span class=\"ff73 ls13 ws9a\">subsidiari<span class=\"_ _5\"></span>es</span> amou<span class=\"_ _5\"></span>nt to 4<span class=\"_ _5\"></span>60 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or 20<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s a br<span class=\"_ _5\"></span>eakdo<span class=\"_ _5\"></span>wn b<span class=\"_ _5\"></span>y matu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts (s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup) re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 26<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>ax lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In 2021<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to 24<span class=\"_ _8\"></span>1 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin 1 yea<span class=\"_ _5\"></span>r<span class=\"_ _2b3\"> </span>-Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 1 y<span class=\"_ _5\"></span>ear bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t lat<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 5 year<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls8b ws99\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>13</span>Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 5 y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t an e<span class=\"_ _5\"></span>xpi<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n date<span class=\"_ _1cb\"> </span><span class=\"ls147 ws157\">16<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>om su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ls5c ws65\">19<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>70</span>Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es (s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up)<span class=\"_ _1c7\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>0</span>T<span class=\"_ _2\"></span>otal rec<span class=\"_ _3\"></span>ognise<span class=\"_ _3\"></span>d tax<span class=\"_ _8\"></span> losses<span class=\"_ _2b6\"> </span><span class=\"ls3a ws3f\">200,06<span class=\"_ _5\"></span>0</span>Unre<span class=\"_ _3\"></span>cogn<span class=\"_ _8\"></span>ised tax losses<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> subsi<span class=\"_ _3\"></span>dia<span class=\"_ _8\"></span>ries<span class=\"_ _262\"> </span><span class=\"ls5c ws65\">260<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>91</span>Unre<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup)<span class=\"_ _98\"> </span><span class=\"ls19 ws16\">39<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>196</span>T<span class=\"_ _2\"></span>otal un<span class=\"_ _3\"></span>recog<span class=\"_ _3\"></span>nised<span class=\"_ _8\"></span> tax losses<span class=\"_ _2b7\"> </span><span class=\"ls16 ws1d\">299,487</span>T<span class=\"_ _2\"></span>otal tax<span class=\"_ _3\"></span> losses<span class=\"_ _2b8\"> </span><span class=\"ls16 ws1d\">499,5<span class=\"_ _3\"></span>47</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls34 ws3e\">344,7<span class=\"_ _8\"></span>51<span class=\"_ _8\"></span> <span class=\"_ _18\"> </span><span class=\"ls3 ws3\">326<span class=\"_ _5\"></span>,685 </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">-3<span class=\"_ _8\"></span>23,300 <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _2bb\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span> </span></span>Net balance<span class=\"_ _1a9\"> </span><span class=\"ls69 ws75\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8 <span class=\"_ _41\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>523 </span></span>Contract assets <span class=\"ff70 lsb1 wsbe\">are the Group\u2019s<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>ight to<span class=\"_ _3\"></span> consideration in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _3\"></span> for goods or services that the entity has<span class=\"_ _3\"></span> transferred to a customer </span>when that right<span class=\"_ _8\"></span> is conditioned on something other tha<span class=\"_ _3\"></span>n the passage of time.<span class=\"_ _3\"></span> A contract asset arises when the Group performed work<span class=\"_ _5\"></span>s for a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e to dat<span class=\"_ _5\"></span>e but a<span class=\"_ _5\"></span>re n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>d or p<span class=\"_ _5\"></span>aid<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the rat<span class=\"_ _5\"></span>e at w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>lf<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>d or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice to t<span class=\"_ _5\"></span>he customers<span class=\"_ _5\"></span>. When the<span class=\"_ _3\"></span>re is no<span class=\"_ _8\"></span> tr<span class=\"_ _5\"></span>ansfer of control throug<span class=\"_ _3\"></span>hout the contract, revenue is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>till recognised <span class=\"ls194 ws1ac\">over time<span class=\"ls3 ws3\">, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat </span></span>the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d has n<span class=\"_ _5\"></span>o alt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s an en<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>ceab<span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ance comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to dat<span class=\"_ _5\"></span>e. Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tur<span class=\"_ _5\"></span>n in<span class=\"_ _5\"></span>to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.Contract liabilities <span class=\"ff70 ls3 ws3\">are th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s obl<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r fo<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ha<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved </span>consideration from the<span class=\"_ _3\"></span> customer<span class=\"_ _8\"></span>. A contract liabil<span class=\"_ _3\"></span>ity arises when the Group has<span class=\"_ _8\"></span> invoiced the customer or<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>ceived payment<span class=\"_ _3\"></span> from them whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k wa<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t don<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>oice<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d/or paym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed to d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>vis<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed for e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k in pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s as s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey a<span class=\"_ _5\"></span>re fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>en an<span class=\"_ _5\"></span>d if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, any pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it al<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>dy r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d is r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e are a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 24.<span class=\"_ _5\"></span>8 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed to 8<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>.The d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t (or lo<span class=\"_ _5\"></span>ss) is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>or pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le project<span class=\"_ _5\"></span>s only<span class=\"_ _8\"></span>, in propor<span class=\"_ _5\"></span>tion to<span class=\"_ _3\"></span> the stage of completion. These estimates and<span class=\"_ _3\"></span> judgments may<span class=\"_ _3\"></span> contain some unc<span class=\"_ _3\"></span>ert<span class=\"_ _5\"></span>ainties.2022 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>AC<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CON<span class=\"_ _5\"></span>TR<span class=\"_ _4\"></span>ACT LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES BY S<span class=\"_ _5\"></span>EG<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>NT(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1da\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _233\"> </span>34,38<span class=\"_ _3\"></span>7<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _20\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>61</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _18a\"> </span>23<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>379<span class=\"_ _86\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>97</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _19c\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _23\"> </span>20<span class=\"_ _5\"></span>,761<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsd9 wse4\">39<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _257\"> </span>32<span class=\"_ _5\"></span>6,6<span class=\"_ _5\"></span>85<span class=\"_ _31\"> </span>18,<span class=\"_ _3\"></span>066<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,751</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-51<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>5<span class=\"_ _c0\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>31,7<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2bc\"> </span>-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _2b\"> </span>41<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _291\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>67</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-5,327<span class=\"_ _26\"> </span>-2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _81\"> </span>-<span class=\"_ _2\"></span>142,205<span class=\"_ _c1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _e0\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>0</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1b3\"> </span>-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _233\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>392<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">-53,098</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2be\"> </span>-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _38\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>6<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls1e ws28\">-18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _87\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>13<span class=\"_ _48\"> </span>640<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">-<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-<span class=\"_ _8\"></span>101,0<span class=\"_ _5\"></span>67<span class=\"_ _31\"> </span>28,528<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls1a3 ws153\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9</span></span>2022<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _2be\"> </span>-<span class=\"_ _4\"></span>62<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>391<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _84\"> </span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1c9\"> </span>94,<span class=\"_ _5\"></span>222<span class=\"_ _55\"> </span>5,54<span class=\"_ _5\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _4\"></span>9,7<span class=\"_ _5\"></span>62</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1c6\"> </span>12,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _3d\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">31,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>8</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523<span class=\"_ _88\"> </span>-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>611<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls69 ws75\">-51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>\u2018B<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>-r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e cat<span class=\"_ _5\"></span>ch up a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m a cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n the m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, a chan<span class=\"_ _5\"></span>ge in an<span class=\"_ _3\"></span> estimate of the transaction price (i<span class=\"_ _3\"></span>ncluding a<span class=\"_ _3\"></span>ny cha<span class=\"_ _3\"></span>nges in the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sessment of whether an estimate of<span class=\"_ _3\"></span> variable consideration<span class=\"_ _3\"></span> is constrained) or a c<span class=\"_ _3\"></span>ontract modif<span class=\"_ _5\"></span>ication.The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022, is mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e US of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot y<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y operational at the<span class=\"_ _8\"></span> end of 202<span class=\"_ _8\"></span>2, but for which a<span class=\"_ _3\"></span> consideration was a<span class=\"_ _3\"></span>lready received.Due t<span class=\"_ _5\"></span>o the h<span class=\"_ _5\"></span>igh n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of i<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (wi<span class=\"_ _5\"></span>th a<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g nat<span class=\"_ _5\"></span>ure, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt conditions)<span class=\"_ _8\"></span> a more detailed description of changes in<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and contract lia<span class=\"_ _3\"></span>bilities compared to<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ior year<span class=\"_ _8\"></span> is not deemed relevant.Ar<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d 55% of the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, me<span class=\"_ _5\"></span>anin<span class=\"_ _5\"></span>g the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>o be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e up<span class=\"_ _5\"></span>comi<span class=\"_ _5\"></span>ng ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt ongoing construction contract<span class=\"_ _5\"></span>s for which c<span class=\"_ _3\"></span>ontract asse<span class=\"_ _5\"></span>ts and contract liabil<span class=\"_ _3\"></span>ities are booked, is<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpec<span class=\"_ _5\"></span>ted to be<span class=\"_ _3\"></span> fulfilled by the Group<span class=\"_ _3\"></span> ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by 20<span class=\"_ _5\"></span>% in 2024, 1<span class=\"_ _8\"></span>5% in 2025 and 10% b<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022 are e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o fol<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar tim<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f.2021 CONTR<span class=\"_ _4\"></span>ACT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS A<span class=\"_ _5\"></span>ND CO<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S BY SEG<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit )2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _18a\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>331<span class=\"_ _92\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _29a\"> </span>13<span class=\"_ _3\"></span>5,31<span class=\"_ _8\"></span>0<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls1c ws26\">2<span class=\"_ _5\"></span>39<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _2bf\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _23\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _66\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>7<span class=\"_ _33\"> </span>74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d\"> </span><span class=\"ls84 ws92\">326,6<span class=\"_ _5\"></span>85</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _17\"> </span>-7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _88\"> </span>-43,296<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _83\"> </span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>75</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1a3\"> </span>-<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4,269<span class=\"_ _33\"> </span>19,<span class=\"_ _5\"></span>576<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51<span class=\"_ _4b\"> </span>-<span class=\"_ _5\"></span>576<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _26\"> </span><span class=\"ls59 ws62\">-5,32<span class=\"_ _3\"></span>7</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _32\"> </span><span class=\"ls34 ws3e\">-24,296<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span></span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>5</span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _88\"> </span>-4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>279<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>41<span class=\"_ _38\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>477<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1be\"> </span>-<span class=\"_ _4\"></span>430<span class=\"_ _43\"> </span>-6<span class=\"_ _5\"></span>83<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1bf\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c0\"> </span>-6<span class=\"_ _5\"></span>0,582<span class=\"_ _20\"> </span>-4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>485<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _81\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>101,067</span></span>No<span class=\"_ _5\"></span>te (26) Relate<span class=\"_ _5\"></span>d p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e sum<span class=\"_ _5\"></span>mar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es all r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Other operating rec<span class=\"_ _8\"></span>eivables <span class=\"ff70 ls3 ws3\">mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s due f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s and </span>per<span class=\"_ _5\"></span>sonnel ad<span class=\"_ _5\"></span>vances<span class=\"_ _5\"></span>.Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>0) f<span class=\"_ _5\"></span>or <span class=\"ff73 ls15d ws172\">current income<span class=\"_ _8\"></span> ta<span class=\"_ _5\"></span>x rec<span class=\"_ _3\"></span>eivables.</span>The a<span class=\"_ _5\"></span>gei<span class=\"_ _5\"></span>ng b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n not<span class=\"_ _5\"></span>e (1<span class=\"_ _8\"></span>9). The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>ut a <span class=\"ff73\">d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, </span>a<span class=\"_ _5\"></span>ll wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>egar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g e.g<span class=\"_ _5\"></span>. na<span class=\"_ _5\"></span>ture a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>nd geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. A la<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh pub<span class=\"_ _5\"></span>lic o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>mi-<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor cu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he leve<span class=\"_ _5\"></span>l of c<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k is al<span class=\"_ _5\"></span>so li<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>rge n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ced<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s to mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h to lim<span class=\"_ _5\"></span>it t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>dual r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed u<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th hi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l and c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>ak<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nto a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt ma<span class=\"_ _5\"></span>cro<span class=\"_ _5\"></span>-eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic de<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y ri<span class=\"_ _5\"></span>sk fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p rem<span class=\"_ _5\"></span>ain in<span class=\"_ _5\"></span>sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables gross amou<span class=\"_ _3\"></span>nt<span class=\"_ _1ae\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>476<span class=\"_ _5\"></span> <span class=\"_ _39\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> </span></span>Amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten of<span class=\"_ _4\"></span>f<span class=\"_ _2a8\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _27\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>nt<span class=\"_ _25\"> </span><span class=\"ls5a ws63\">4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _1bf\"> </span></span>295,752 Corporat<span class=\"_ _5\"></span>ion taxes<span class=\"_ _272\"> </span><span class=\"ls78 ws86\">21,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93 <span class=\"_ _4b\"> </span><span class=\"ls58 ws61\">32,3<span class=\"_ _5\"></span>02 </span></span>Value ad<span class=\"_ _5\"></span>ded t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x (VA<span class=\"_ _8\"></span>T)<span class=\"_ _2c1\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _5e\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>35<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Other operating receivables<span class=\"_ _1b6\"> </span><span class=\"ls7b ws89\">8,<span class=\"_ _5\"></span>836 <span class=\"_ _5e\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _2\"></span>otal trade and<span class=\"_ _3\"></span> other operatin<span class=\"_ _3\"></span>g receiva<span class=\"_ _3\"></span>bles<span class=\"_ _4f\"> </span><span class=\"ls3 ws3\">46<span class=\"_ _5\"></span>9,529 <span class=\"_ _179\"> </span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,022 </span>The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s of 1<span class=\"_ _8\"></span>15.<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f 2022 is par<span class=\"_ _4\"></span>tia<span class=\"_ _5\"></span>lly c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y a dec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n all o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 30.<span class=\"_ _5\"></span>2 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of maj<span class=\"_ _5\"></span>or p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g of in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s upo<span class=\"_ _5\"></span>n acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce by th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d by an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ove<span class=\"_ _5\"></span>rdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>3 \u2013 TR<span class=\"_ _4\"></span>AD<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TIN<span class=\"_ _5\"></span>G RECEI<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>AB<span class=\"_ _5\"></span>LESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>12<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _25d\"> </span>6<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _2d\"> </span>-12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-3<span class=\"_ _8\"></span>5,9<span class=\"_ _5\"></span>00<span class=\"_ _32\"> </span>1<span class=\"_ _3\"></span>30,<span class=\"_ _2\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"ls57 ws60\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>222</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _d7\"> </span>2<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span>9,76<span class=\"_ _5\"></span>7<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>92</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>34,366<span class=\"_ _3d\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523</span></span>NOTE 1<span class=\"_ _8\"></span>5 \u2013 <span class=\"_ _5\"></span>OTHER <span class=\"_ _5\"></span>CURRE<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ccr<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me<span class=\"_ _200\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,710<span class=\"_ _5\"></span> </span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al lan<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ill v<span class=\"_ _5\"></span>olum<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>va<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n fee<span class=\"_ _60\"> </span><span class=\"ls59 ws62\">8,320 <span class=\"_ _2ba\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span></span>Adv<span class=\"_ _5\"></span>ance p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>n purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial r<span class=\"_ _5\"></span>egar<span class=\"_ _5\"></span>ding c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s  14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls79 ws87\">14,952<span class=\"_ _5\"></span> </span>for c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dOt<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _1a1\"> </span><span class=\"ls6e ws7b\">124<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> </span></span>Deferred charges and accrued i<span class=\"_ _3\"></span>ncome include<span class=\"_ _8\"></span> amongs<span class=\"_ _5\"></span>t others deferred hedge charges for<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion contracts<span class=\"_ _5\"></span>, only for<span class=\"_ _3\"></span> their percentage not completed. The<span class=\"_ _8\"></span> he<span class=\"_ _5\"></span>dge charges<span class=\"_ _3\"></span> of construction contrac<span class=\"_ _5\"></span>ts are recorded as c<span class=\"_ _3\"></span>onstruc<span class=\"_ _5\"></span>tion cost for the percentage<span class=\"_ _3\"></span> comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the n<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>gy co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he US.In Aug<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>t 2021<span class=\"_ _8\"></span>, a M<span class=\"_ _5\"></span>emo<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>dum o<span class=\"_ _5\"></span>f Agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the j<span class=\"_ _5\"></span>ack-up v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019, ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el be<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>old t<span class=\"_ _5\"></span>o a Du<span class=\"_ _5\"></span>tch t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>ye<span class=\"_ _5\"></span>r obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>y fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g fo<span class=\"_ _5\"></span>r the ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wa<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber, 202<span class=\"_ _8\"></span>1. On A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 21<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>ing ga<span class=\"_ _5\"></span>in on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al is i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inco<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>\u2019.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _26e\"> </span><span class=\"ls85 ws93\">31,9<span class=\"_ _5\"></span>97 <span class=\"_ _41\"> </span><span class=\"ls84 ws92\">32<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>56</span></span>Acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 5 non-current asse<span class=\"_ _5\"></span>ts held for sale and<span class=\"_ _8\"></span> discontinued operations the f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e met f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t (or \u2018disp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l grou<span class=\"_ _5\"></span>p\u2019<span class=\"_ _5\"></span>) to b<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as h<span class=\"_ _5\"></span>eld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>manag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is c<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a pla<span class=\"_ _5\"></span>n to s<span class=\"_ _5\"></span>ell;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et is av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>an ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>am to l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate a b<span class=\"_ _5\"></span>uy<span class=\"_ _5\"></span>er is in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d;- <span class=\"_ _172\"> </span> <span class=\"_ _0\"></span>the sale is highly probable,<span class=\"_ _3\"></span> within 1<span class=\"_ _2\"></span>2 months of classification as held for<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ale;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>the as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>ly ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale a<span class=\"_ _5\"></span>t a s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>ice r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e in re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fa<span class=\"_ _5\"></span>ir va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>act<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>n indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s unli<span class=\"_ _5\"></span>kely t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>an wi<span class=\"_ _5\"></span>ll be s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ged o<span class=\"_ _5\"></span>r wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>wn<span class=\"_ _5\"></span>.Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, DEME m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e opi<span class=\"_ _5\"></span>nio<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t all o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n ful<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d a s<span class=\"_ _5\"></span>ale w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t 1<span class=\"_ _8\"></span>2 mon<span class=\"_ _5\"></span>ths i<span class=\"_ _5\"></span>s hig<span class=\"_ _5\"></span>hly p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>or a ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore En<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is the l<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r of t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yin<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>t cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te.NOTE 1<span class=\"_ _8\"></span>4 \u2013 A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S HE<span class=\"_ _5\"></span>LD FOR <span class=\"_ _5\"></span>SALEBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1X<span class=\"_ _5\"></span>BR<span class=\"_ _5\"></span>U BE0<span class=\"_ _5\"></span>97<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>41<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>453Vinci Construction SAS<span class=\"_ _214\"> </span>12<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>%<span class=\"_ _257\"> </span><span class=\"ff75 ls158 ws16e\">E<span class=\"_ _3\"></span>URONEXT BRUSSELS</span><span class=\"lscd wsd8\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>.77<span class=\"_ _5\"></span>%</span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%DE<span class=\"_ _5\"></span>ME N<span class=\"_ _5\"></span>V62.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>2%PRO<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>OS<span class=\"_ _5\"></span>ED A<span class=\"_ _5\"></span>ND D<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>ST<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>BU<span class=\"_ _5\"></span>TE<span class=\"_ _5\"></span>D DI<span class=\"_ _5\"></span>VI<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>DSFor t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020 a div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 20,<span class=\"_ _5\"></span>421<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>450 EUR w<span class=\"_ _5\"></span>as p<span class=\"_ _5\"></span>aid to C<span class=\"_ _5\"></span>FE NV o<span class=\"_ _5\"></span>n May 14, 202<span class=\"_ _3\"></span>1, corre<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o 4.<span class=\"_ _5\"></span>5 EUR gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. An i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d, p<span class=\"_ _5\"></span>aid o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ccum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ed r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020, wa<span class=\"_ _5\"></span>s app<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ved by DEM<span class=\"_ _5\"></span>E NV<span class=\"_ _5\"></span>\u2019s sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>der f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>42,9<span class=\"_ _5\"></span>00 EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>ing to 9 EU<span class=\"_ _5\"></span>R gro<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s di<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>d was p<span class=\"_ _5\"></span>aid to CFE N<span class=\"_ _5\"></span>V on M<span class=\"_ _5\"></span>arch 25<span class=\"_ _5\"></span>, 2022. No ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d wa<span class=\"_ _5\"></span>s dec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on by D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r on th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at th<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>d of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al y<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l pro<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e Gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sem<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>y, on May 1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>, 2023, to d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te a gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 1.5 eur<span class=\"_ _5\"></span>o per s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e. Su<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>mbl<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d dat<span class=\"_ _5\"></span>e is pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be s<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t Jul<span class=\"_ _5\"></span>y 4, 2023<span class=\"_ _5\"></span>.The shareholde<span class=\"_ _3\"></span>rs holding 5<span class=\"_ _8\"></span>% or more of<span class=\"_ _8\"></span> tot<span class=\"_ _5\"></span>al voti<span class=\"_ _3\"></span>ng rights for the<span class=\"_ _8\"></span> shares they hold a<span class=\"_ _3\"></span>re: Ack<span class=\"_ _3\"></span>ermans &amp; van<span class=\"_ _8\"></span> Haaren NV <span class=\"_ _2c2\"> </span>VINCI Construction SAS1<span class=\"_ _8\"></span>5,725,68<span class=\"_ _5\"></span>4 sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s (or 62.<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>2%) <span class=\"_ _7b\"> </span>3,<span class=\"_ _5\"></span>06<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 sha<span class=\"_ _5\"></span>res (or 1<span class=\"_ _3\"></span>2.<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>1%<span class=\"_ _8\"></span>)Be<span class=\"_ _5\"></span>g\ue716n<span class=\"_ _5\"></span>enve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t,\ue6031<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>3\ue603<span class=\"_ _9a\"> </span>5,\ue603co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>s\ue603Fer<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>-L<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>psB-20<span class=\"_ _5\"></span>00 A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) <span class=\"_ _7d\"> </span>F<span class=\"_ _5\"></span>-9285<span class=\"_ _8\"></span>1 Ru<span class=\"_ _5\"></span>eil<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>Malm<span class=\"_ _5\"></span>ais<span class=\"_ _5\"></span>on Ce<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>x (Fra<span class=\"_ _5\"></span>nce)SHAREHOLDE<span class=\"_ _3\"></span>R S<span class=\"_ _3\"></span>TRUCTUR<span class=\"_ _3\"></span>E AND<span class=\"_ _8\"></span> SHARE CAPIT<span class=\"_ _6\"></span>ALUnt<span class=\"_ _5\"></span>il Jun<span class=\"_ _5\"></span>e 29, 2022, <span class=\"ff75\">DE<span class=\"_ _5\"></span>ME N<span class=\"_ _5\"></span>V</span> wa<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up and D<span class=\"_ _5\"></span>EME\u2019s 100% s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r wa<span class=\"_ _5\"></span>s the B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s-<span class=\"_ _5\"></span>bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d civ<span class=\"_ _5\"></span>il e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor C<span class=\"_ _5\"></span>FE NV, which i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent g<span class=\"_ _5\"></span>roup A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV. Both C<span class=\"_ _5\"></span>FE NV an<span class=\"_ _5\"></span>d Acker<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>ns &amp; va<span class=\"_ _5\"></span>n Haar<span class=\"_ _5\"></span>en N<span class=\"_ _5\"></span>V are p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>y lis<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>n Euro<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t Br<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E NV a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to 31<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>10,01<span class=\"_ _8\"></span>0 EUR a<span class=\"_ _5\"></span>nd is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by 4,<span class=\"_ _5\"></span>538,<span class=\"_ _8\"></span>100 ordi<span class=\"_ _5\"></span>nar<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>l val<span class=\"_ _5\"></span>ue.On Ju<span class=\"_ _5\"></span>ne 29, 2022, CF<span class=\"_ _5\"></span>E NV, trans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take i<span class=\"_ _5\"></span>n DEME N<span class=\"_ _5\"></span>V to a n<span class=\"_ _5\"></span>ew co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny, DEME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>y mea<span class=\"_ _5\"></span>ns of a p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>me li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st da<span class=\"_ _5\"></span>y of tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s wa<span class=\"_ _5\"></span>s Jun<span class=\"_ _5\"></span>e 30, 2022. DE<span class=\"_ _5\"></span>ME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V shar<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on Eu<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ymb<span class=\"_ _5\"></span>ol \u201c<span class=\"_ _5\"></span>DE<span class=\"_ _5\"></span>ME\u201d w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ISI<span class=\"_ _5\"></span>N cod<span class=\"_ _5\"></span>e BE0<span class=\"_ _5\"></span>97<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>41<span class=\"_ _2\"></span>3453. DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V is no<span class=\"_ _5\"></span>w 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f DEME N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e dat<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dem<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ger t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V wa<span class=\"_ _5\"></span>s the o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d agai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y.Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the s<span class=\"_ _5\"></span>hare c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al of <span class=\"ff75\">D<span class=\"_ _5\"></span>EM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p NV</span> a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 33,<span class=\"_ _8\"></span>19<span class=\"_ _8\"></span>3,<span class=\"_ _5\"></span>861 EUR an<span class=\"_ _5\"></span>d is re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>d by 25,<span class=\"_ _5\"></span>31<span class=\"_ _8\"></span>4,<span class=\"_ _5\"></span>482 o<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y shar<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut no<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>wn<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>s have t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d all s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame c<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tle<span class=\"_ _5\"></span>d to on<span class=\"_ _5\"></span>e vo<span class=\"_ _5\"></span>te pe<span class=\"_ _5\"></span>r shar<span class=\"_ _5\"></span>e in Sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 G<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ral M<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V is as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s:NOTE 1<span class=\"_ _8\"></span>6 <span class=\"_ _5\"></span>\u2013 SH<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>E C<span class=\"_ _5\"></span>API<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AL<span class=\"_ _4\"></span>, D<span class=\"_ _5\"></span>IVI<span class=\"_ _5\"></span>DEN<span class=\"_ _5\"></span>DS A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>RES<span class=\"_ _5\"></span>ERVESNOTE 1<span class=\"_ _2\"></span>7 <span class=\"_ _5\"></span>\u2013 E<span class=\"_ _5\"></span>ARN<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>GS <span class=\"_ _5\"></span>PER S<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>REBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>12<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span> <span class=\"_ _12f\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)20222<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21pr<span class=\"_ _5\"></span>o f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span> (*)Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nuing o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s - Shar<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _17c\"> </span><span class=\"ls76 ws84\">112<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _179\"> </span>114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1</span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d - Sha<span class=\"_ _5\"></span>re o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>roup<span class=\"_ _6d\"> </span><span class=\"ls76 ws84\">112<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _179\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1</span>Comprehensive i<span class=\"_ _3\"></span>ncome -<span class=\"_ _3\"></span> Share of the<span class=\"_ _3\"></span> Group<span class=\"_ _12d\"> </span>215<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>47<span class=\"_ _179\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _179\"> </span>132<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>2</span>Numb<span class=\"_ _5\"></span>er of o<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>s at b<span class=\"_ _5\"></span>alanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et da<span class=\"_ _5\"></span>te<span class=\"_ _f3\"> </span><span class=\"ls59 ws62\">25,314,482<span class=\"_ _245\"> </span>25,31<span class=\"_ _3\"></span>4,4<span class=\"_ _5\"></span>82<span class=\"_ _167\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0</span></span>Ea<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nar<span class=\"_ _4\"></span>y sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd of t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d (bo<span class=\"_ _5\"></span>th b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ic a<span class=\"_ _5\"></span>nd di<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>) in EU<span class=\"_ _5\"></span>R:Earnings<span class=\"_ _3\"></span> per sha<span class=\"_ _3\"></span>re from<span class=\"_ _3\"></span> continuin<span class=\"_ _3\"></span>g operations<span class=\"_ _8\"></span> (Share of<span class=\"_ _8\"></span> the Group<span class=\"_ _8\"></span>)<span class=\"_ _cf\"> </span>4.45<span class=\"_ _17c\"> </span><span class=\"ls57 ws60\">4.<span class=\"_ _5\"></span>53<span class=\"_ _53\"> </span><span class=\"lsf ws13\">25.25</span></span>Ea<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r sha<span class=\"_ _5\"></span>re (S<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up)<span class=\"_ _212\"> </span>4.<span class=\"_ _5\"></span>45<span class=\"_ _145\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>53<span class=\"_ _61\"> </span><span class=\"lsf ws13\">25<span class=\"_ _5\"></span>.25</span></span>Com<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me (S<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up) pe<span class=\"_ _5\"></span>r sha<span class=\"_ _5\"></span>re<span class=\"_ _201\"> </span>8.50<span class=\"_ _17c\"> </span><span class=\"ls18 ws20\">5.<span class=\"_ _5\"></span>23<span class=\"_ _48\"> </span><span class=\"ls68 ws73\">2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>9</span></span>(*) P<span class=\"_ _5\"></span>ro f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ma a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>umi<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 2021 as f<span class=\"_ _5\"></span>or 2022 (25<span class=\"_ _5\"></span>,314,4<span class=\"_ _5\"></span>82 sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2022).Ba<span class=\"_ _5\"></span>sic e<span class=\"_ _5\"></span>arn<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s per s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e is ca<span class=\"_ _5\"></span>lcu<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d by di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d \u2013 Sha<span class=\"_ _5\"></span>re o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019 at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>o ord<span class=\"_ _5\"></span>inar<span class=\"_ _4\"></span>y equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ent b<span class=\"_ _5\"></span>y the w<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>hte<span class=\"_ _5\"></span>d aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e numb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f ord<span class=\"_ _5\"></span>inar<span class=\"_ _4\"></span>y shar<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng dur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g the y<span class=\"_ _5\"></span>ear.RE<span class=\"_ _5\"></span>T<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>ED E<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RN<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND OT<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>R RE<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>RV<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low, we f<span class=\"_ _5\"></span>ur<span class=\"_ _4\"></span>the<span class=\"_ _5\"></span>r de<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>l the m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od in <span class=\"ff73 ls1ba ws1df\">re<span class=\"_ _5\"></span>tained earnings and other reserves<span class=\"_ _5\"></span>.</span>Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Revaluation Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and surplusreservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111<span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span>3<span class=\"_ _5\"></span>,270<span class=\"_ _b2\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _ad\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>316<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,6<span class=\"_ _3\"></span>18,824</span></span>Par<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t 2021<span class=\"_ _249\"> </span>7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _1df\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>17<span class=\"_ _1d9\"> </span></span><span class=\"ff72\">-</span>Dividends paid<span class=\"_ _2c3\"> </span><span class=\"ls81 ws8f\">-40,84<span class=\"_ _8\"></span>3<span class=\"_ _147\"> </span><span class=\"ff72 ls38 ws41\">-<span class=\"_ _5\"></span>40,84<span class=\"_ _5\"></span>3</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _1a4\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _b1\"> </span><span class=\"ff72 ls5a ws63\">112<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0</span></span>Oth<span class=\"_ _5\"></span>er<span class=\"_ _15b\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _91\"> </span><span class=\"ls59 ws62\">20<span class=\"_ _5\"></span>8<span class=\"_ _73\"> </span></span>-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1ee\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14f\"> </span>-24<span class=\"_ _5\"></span>9,7<span class=\"_ _5\"></span>76<span class=\"_ _2b0\"> </span><span class=\"ls78 ws86\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span><span class=\"ff72 ls33 ws3c\">-47<span class=\"_ _8\"></span>2,429</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2022<span class=\"_ _c8\"> </span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>319<span class=\"_ _7c\"> </span>1,716<span class=\"_ _235\"> </span>1,<span class=\"_ _4\"></span>914<span class=\"_ _b9\"> </span>55,625<span class=\"_ _1e3\"> </span><span class=\"ls28 ws35\">668,298<span class=\"_ _1f1\"> </span><span class=\"ls67 ws72\">1,218<span class=\"_ _5\"></span>,272</span></span>The l<span class=\"_ _5\"></span>ine \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t sin<span class=\"_ _5\"></span>ce Jun<span class=\"_ _5\"></span>e 29, 2022, th<span class=\"_ _5\"></span>ere i<span class=\"_ _5\"></span>s a new p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V on t<span class=\"_ _5\"></span>op of D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V tha<span class=\"_ _5\"></span>t was t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny at t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aine<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2022 are th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he new parent<span class=\"_ _3\"></span> company<span class=\"_ _3\"></span> DEME Group<span class=\"_ _8\"></span> NV<span class=\"_ _3\"></span>.Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and reservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111 <span class=\"_ _ae\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>,270<span class=\"_ _89\"> </span></span>225,4<span class=\"_ _5\"></span>35<span class=\"_ _1f1\"> </span><span class=\"ls59 ws62\">1,263,926<span class=\"_ _1e9\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Paren<span class=\"_ _5\"></span>t company r<span class=\"_ _5\"></span>esul<span class=\"_ _5\"></span>t 2020<span class=\"_ _2a1\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _73\"> </span>-<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _31\"> </span><span class=\"ff72 ls3 ws3\">-</span></span>Dividends paid<span class=\"_ _2c4\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421<span class=\"_ _f2\"> </span><span class=\"ff72 ls79 ws87\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _2c5\"> </span><span class=\"ls76 ws84\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ff72 ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021<span class=\"_ _4c\"> </span>3<span class=\"_ _5\"></span>,111<span class=\"_ _5\"></span> <span class=\"_ _ae\"> </span>28<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span>3,<span class=\"_ _5\"></span>270<span class=\"_ _c8\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _28d\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,61<span class=\"_ _8\"></span>8,<span class=\"_ _5\"></span>824</span></span>T<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure (ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s (e.g<span class=\"_ _5\"></span>. by DEM<span class=\"_ _5\"></span>E Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s) and a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s as we<span class=\"_ _5\"></span>ll as through asset<span class=\"_ _8\"></span>-base<span class=\"_ _5\"></span>d loans.The t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al su<span class=\"_ _5\"></span>bor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an is co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y CTOW (an<span class=\"_ _5\"></span>d inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any). A<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dali<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es no f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>x ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e due<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as l<span class=\"_ _5\"></span>ong t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar before maturity date.Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly, DEM<span class=\"_ _5\"></span>E Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV, which s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es as i<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>use b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME-<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, h<span class=\"_ _5\"></span>as te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th ele<span class=\"_ _5\"></span>ven di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l ban<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s. S<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e doc<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>lly (no c<span class=\"_ _5\"></span>lub d<span class=\"_ _5\"></span>eal)<span class=\"_ _5\"></span>, catering for optima<span class=\"_ _3\"></span>l financing c<span class=\"_ _3\"></span>onditions and maximum<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>lexibilit<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>. The term loan facility documentation i<span class=\"_ _3\"></span>s identical for<span class=\"_ _3\"></span> all banks, apart from the amount, tenor a<span class=\"_ _3\"></span>nd commerci<span class=\"_ _3\"></span>al conditions.On May 2<span class=\"_ _5\"></span>0t<span class=\"_ _5\"></span>h, 2022, D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Cen<span class=\"_ _5\"></span>ter N<span class=\"_ _5\"></span>V ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y int<span class=\"_ _5\"></span>o bil<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>al te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es wer<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly dr<span class=\"_ _5\"></span>aw<span class=\"_ _5\"></span>n on Jun<span class=\"_ _5\"></span>e 1<span class=\"_ _8\"></span>5th<span class=\"_ _5\"></span>, 2022. The f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ing to 4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, is am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er ei<span class=\"_ _5\"></span>ght ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s (1<span class=\"_ _8\"></span>6 equ<span class=\"_ _5\"></span>al half<span class=\"_ _8\"></span>-yearly capital instalments) and is<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on the loan<span class=\"_ _3\"></span> documentation that was<span class=\"_ _8\"></span> us<span class=\"_ _5\"></span>ed for previous transactions, updated to<span class=\"_ _3\"></span> the new L<span class=\"_ _5\"></span>MA-<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndar<span class=\"_ _5\"></span>d, i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y KP<span class=\"_ _5\"></span>I\u2019s th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ced i<span class=\"_ _5\"></span>n all te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in F<span class=\"_ _5\"></span>ebr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 2022. The financial cov<span class=\"_ _3\"></span>enants applying to<span class=\"_ _3\"></span> the new credit<span class=\"_ _3\"></span> facilities are the<span class=\"_ _3\"></span> same as in<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>evious transactions.NE<span class=\"_ _5\"></span>T FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CIA<span class=\"_ _5\"></span>L D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>S DE<span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D BY THE G<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>P2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR / (-) is de<span class=\"_ _5\"></span>bit b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Subor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _fe\"> </span><span class=\"lsb wsc\">677<span class=\"_ _166\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>677<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">542<span class=\"_ _7e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>5<span class=\"_ _7e\"> </span></span></span>677</span>Lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (20))<span class=\"_ _139\"> </span>76<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _b9\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span>101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _159\"> </span>72,<span class=\"_ _5\"></span>275<span class=\"_ _15f\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _da\"> </span><span class=\"lsd9 wse4\">92<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>93</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _ff\"> </span>7<span class=\"_ _4\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _c8\"> </span><span class=\"ls7a ws88\">503<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>49<span class=\"_ _74\"> </span></span></span>2<span class=\"_ _5\"></span>17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls78 ws86\">721,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 1<span class=\"_ _15b\"> </span>6,<span class=\"_ _5\"></span>286<span class=\"_ _77\"> </span>31,315<span class=\"_ _152\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _235\"> </span>37,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _77\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _152\"> </span><span class=\"ls1ae ws1d4\">95<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>43</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 2<span class=\"_ _23f\"> </span><span class=\"ls1bf ws1e6\">19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _93\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _27d\"> </span><span class=\"ls1cd ws213\">50,<span class=\"_ _5\"></span>884<span class=\"_ _1ee\"> </span><span class=\"lsc9 wsd4\">50,<span class=\"_ _5\"></span>883<span class=\"_ _152\"> </span></span></span></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>07<span class=\"_ _93\"> </span><span class=\"ls1c7 ws1ef\">92,290</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 3<span class=\"_ _10a\"> </span>10<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>5<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span><span class=\"ls1eb ws214\">140,625<span class=\"_ _1dd\"> </span>140,625<span class=\"_ _93\"> </span></span>31,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _28a\"> </span><span class=\"lsbf wscb\">171,875</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 4<span class=\"_ _2c6\"> </span>15<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _77\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1b1 ws1d7\">2<span class=\"_ _5\"></span>01,<span class=\"_ _4\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _c7\"> </span>20<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>50<span class=\"_ _77\"> </span></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1ec ws215\">245<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 5<span class=\"_ _10a\"> </span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _93\"> </span>55,<span class=\"_ _3\"></span>000<span class=\"_ _1dd\"> </span>412<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 1 (*)<span class=\"_ _227\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _e0\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _164\"> </span><span class=\"lscb wsd6\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>573<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>673</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 2<span class=\"_ _297\"> </span>100<span class=\"_ _14e\"> </span>2,344<span class=\"_ _213\"> </span>2<span class=\"_ _3\"></span>,444<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>43<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4,6<span class=\"_ _5\"></span>87<span class=\"_ _1e7\"> </span><span class=\"ls1a9 ws1cf\">7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 3<span class=\"_ _297\"> </span>100<span class=\"_ _169\"> </span><span class=\"ls1ac ws1d2\">3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _169\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _a9\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 4<span class=\"_ _fa\"> </span><span class=\"ls1b0 ws1d6\">3,666<span class=\"_ _15a\"> </span></span><span class=\"ls3\">3,56<span class=\"_ _5\"></span>6<span class=\"_ _164\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _168\"> </span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _164\"> </span></span>3,566<span class=\"_ _152\"> </span><span class=\"ls1b2 ws1d8\">10,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 5<span class=\"_ _fa\"> </span>5,4<span class=\"_ _5\"></span>23<span class=\"_ _168\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1ef ws218\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _168\"> </span>9,<span class=\"_ _4\"></span>615<span class=\"_ _a9\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span><span class=\"ls1ac ws1d2\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 6<span class=\"_ _150\"> </span><span class=\"ls1ab ws1d1\">25,220<span class=\"_ _93\"> </span><span class=\"ls1ed ws216\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _152\"> </span></span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span></span>50,3<span class=\"_ _5\"></span>40</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 7<span class=\"_ _10b\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _14e\"> </span>6,<span class=\"_ _5\"></span>225<span class=\"_ _27d\"> </span><span class=\"ls1c4 ws1ec\">25,000<span class=\"_ _26\"> </span></span><span class=\"ls3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-</span>O<span class=\"_ _5\"></span>ther l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m b<span class=\"_ _5\"></span>ank lo<span class=\"_ _5\"></span>ans<span class=\"_ _242\"> </span>8,466<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _152\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07<span class=\"_ _152\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _169\"> </span><span class=\"ls1f1 ws21a\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">21,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _208\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _77\"> </span></span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _235\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _235\"> </span></span>1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4</span>Shor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _201\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _b2\"> </span><span class=\"ls75 ws82\">105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _b2\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t-term bank loans<span class=\"_ _5f\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _1df\"> </span><span class=\"ls1b2 ws1d8\">10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span>10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term commercial paper<span class=\"_ _2c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _12c\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span><span class=\"ls4c ws5f\">252,870<span class=\"_ _ad\"> </span></span>1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _89\"> </span><span class=\"ls34 ws3e\">343,340<span class=\"_ _89\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term deposi<span class=\"_ _5\"></span>ts<span class=\"_ _f4\"> </span>-<span class=\"_ _73\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _73\"> </span>-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _1df\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span>Cas<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>ank and i<span class=\"_ _5\"></span>n hand<span class=\"_ _f6\"> </span>-<span class=\"_ _110\"> </span><span class=\"ls1b ws24\">-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1de\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _31\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"ls56 ws5e\">-<span class=\"_ _5\"></span>514<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1de\"> </span>-514<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _242\"> </span>-<span class=\"_ _ac\"> </span><span class=\"lsb wsc\">-5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>61<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _166\"> </span></span>-<span class=\"_ _ac\"> </span><span class=\"ls4c ws5f\">-52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632<span class=\"_ _ac\"> </span>-528<span class=\"_ _5\"></span>,632</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal net financial debt<span class=\"_ _13a\"> </span>789,90<span class=\"_ _5\"></span>4<span class=\"_ _ac\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>91<span class=\"_ _89\"> </span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _b2\"> </span><span class=\"ls1a4 ws1cb\">5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _1de\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c8\"> </span></span></span></span>392<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>678</span>(*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1BA<span class=\"_ _5\"></span>NK D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T SECU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ITI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Guarante<span class=\"_ _5\"></span>ed deb<span class=\"_ _5\"></span>t<span class=\"_ _10b\"> </span><span class=\"ls76 ws84\">7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>515<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span></span></span></span>311<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span>8<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> </span>Secured<span class=\"_ _3\"></span> debt<span class=\"_ _1eb\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _1ee\"> </span></span>6,<span class=\"_ _5\"></span>250 <span class=\"_ _93\"> </span><span class=\"ls1c ws26\">9,<span class=\"_ _5\"></span>375<span class=\"_ _5\"></span> </span></span>Unguarante<span class=\"_ _5\"></span>ed-<span class=\"_ _5\"></span>unse<span class=\"_ _5\"></span>cured deb<span class=\"_ _5\"></span>t<span class=\"_ _119\"> </span>78<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>63 <span class=\"_ _1df\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls75 ws82\">103<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _1dd\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>741<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span></span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _122\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _1e3\"> </span><span class=\"ls4c ws5f\">252,8<span class=\"_ _5\"></span>70 <span class=\"_ _289\"> </span></span>1,<span class=\"_ _3\"></span>042,7<span class=\"_ _8\"></span>7<span class=\"_ _3\"></span>4 <span class=\"_ _14f\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1de\"> </span><span class=\"ls34 ws3e\">343,340 <span class=\"_ _14f\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310 </span></span>Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y to t<span class=\"_ _5\"></span>he wa<span class=\"_ _5\"></span>y DEME f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e 201<span class=\"_ _8\"></span>5, w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>eby f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME l<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r a ban<span class=\"_ _5\"></span>k (or a few b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s) and p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed ha<span class=\"_ _5\"></span>rd s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s (su<span class=\"_ _5\"></span>ch as m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s), no s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (oth<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e DEME N<span class=\"_ _5\"></span>V pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e) are p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>is of<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>rs ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum fl<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h can b<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d intr<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p and c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>.DE<span class=\"_ _5\"></span>BT M<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>Y S<span class=\"_ _5\"></span>CH<span class=\"_ _5\"></span>ED<span class=\"_ _5\"></span>UL<span class=\"_ _5\"></span>E OF T<span class=\"_ _5\"></span>OT<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>L LON<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>-<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>M FIN<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NC<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>L LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESMo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n on<span class=\"_ _5\"></span>e (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearSubor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"lsb wsc\">677<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"lsb wsc\">677</span></span>Leas<span class=\"_ _5\"></span>e liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _dd\"> </span>35,31<span class=\"_ _2\"></span>5 <span class=\"_ _202\"> </span>41,0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _257\"> </span>140<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>570<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _da\"> </span><span class=\"lsc wsd\">93<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>351</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span></span>-<span class=\"_ _cc\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal long-term financia<span class=\"_ _5\"></span>l liabilities<span class=\"_ _ba\"> </span>1<span class=\"_ _8\"></span>75,809<span class=\"_ _8\"></span> <span class=\"_ _159\"> </span>61<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>95 <span class=\"_ _b9\"> </span><span class=\"ls4c ws5f\">252<span class=\"_ _5\"></span>,870<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4 </span></span>The i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n EURI<span class=\"_ _5\"></span>BO<span class=\"_ _5\"></span>R pl<span class=\"_ _5\"></span>us a mar<span class=\"_ _5\"></span>gin w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is up<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ea<span class=\"_ _5\"></span>ch s<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ter f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng DE<span class=\"_ _5\"></span>ME\u2019s leve<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>his f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oat<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e, i<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s (note (1<span class=\"_ _8\"></span>9)<span class=\"_ _3\"></span>). Th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s is f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se liabilities a<span class=\"_ _3\"></span>nd other long-te<span class=\"_ _3\"></span>rm loans.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Initial amount<span class=\"_ _14f\"> </span><span class=\"ls1b7 ws1dc\">Dating from<span class=\"_ _1e3\"> </span><span class=\"ls1b6 ws1db\">Ma<span class=\"_ _5\"></span>turity till</span></span>Long-term<span class=\"_ _3\"></span> loan facilitiesLon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 1<span class=\"_ _2c8\"> </span>4<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>,000 <span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">2015-2<span class=\"_ _5\"></span>017<span class=\"_ _258\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 2<span class=\"_ _2c8\"> </span>2<span class=\"_ _8\"></span>40,000 <span class=\"_ _7e\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>018<span class=\"_ _245\"> </span><span class=\"ls58 ws61\">2025</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 3<span class=\"_ _2c9\"> </span>250<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 4<span class=\"_ _2c9\"> </span>350<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 5<span class=\"_ _2ca\"> </span>440,000 <span class=\"_ _91\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022<span class=\"_ _258\"> </span><span class=\"lsb wsc\">203<span class=\"_ _5\"></span>0</span></span>1<span class=\"_ _3\"></span>,<span class=\"_ _8\"></span>71<span class=\"_ _8\"></span>5,000<span class=\"_ _3\"></span> Asset-based loansA<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 1 (*)<span class=\"_ _1c8\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span>20<span class=\"_ _5\"></span>18<span class=\"_ _96\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 2<span class=\"_ _252\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span><span class=\"ls55 ws5d\">20<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 3<span class=\"_ _136\"> </span>1<span class=\"_ _8\"></span>5,352 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _245\"> </span><span class=\"ls7a ws88\">2027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 4<span class=\"_ _252\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 5<span class=\"_ _252\"> </span>1<span class=\"_ _8\"></span>8,000 <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 6<span class=\"_ _252\"> </span>50,340 <span class=\"_ _7f\"> </span><span class=\"ls12 ws17\">2021<span class=\"_ _258\"> </span><span class=\"ls58 ws61\">202<span class=\"_ _5\"></span>9</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 7<span class=\"_ _252\"> </span>25<span class=\"_ _8\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">2022<span class=\"_ _96\"> </span><span class=\"lsb wsc\">2030</span></span>1<span class=\"_ _3\"></span>60,296 (*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.In lin<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>EME\u2019s su<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y go<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s into s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y-l<span class=\"_ _5\"></span>inked l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tot<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ing 8<span class=\"_ _5\"></span>43 milli<span class=\"_ _5\"></span>on EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2022. Th<span class=\"_ _5\"></span>is maj<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>ighl<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ts D<span class=\"_ _5\"></span>EME\u2019s v<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on to r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>wo m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cs r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by the l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de L<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>FR an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>ow c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>bon f<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>ne me<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t and o<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w, the im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or 2022 is n<span class=\"_ _5\"></span>eut<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l.FINANCIAL<span class=\"_ _8\"></span> CO<span class=\"_ _8\"></span>VENANTSThe s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es is a<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e for t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 as wel<span class=\"_ _5\"></span>l as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up <span class=\"ff73 ls116 ws9d\">complies</span> wit<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _8\"></span>25%<span class=\"_ _3\"></span>), th<span class=\"_ _5\"></span>e deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EBIT<span class=\"_ _5\"></span>DA ra<span class=\"_ _5\"></span>tio (&lt;<span class=\"_ _8\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), tha<span class=\"_ _5\"></span>t wer<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d upo<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>.The <span class=\"ff73 ls3 ws3\">sol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">th<span class=\"_ _5\"></span>at sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d be h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 25% is comp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s\u2019 e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y le<span class=\"_ _5\"></span>ss in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ded b<span class=\"_ _5\"></span>y </span></span>the b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 38.<span class=\"_ _8\"></span>1% (id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to 2021<span class=\"_ _8\"></span>: 38<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>%).The <span class=\"ff75 ls3 ws3\">deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d as to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t (wit<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut s<span class=\"_ _5\"></span>ubo<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s) div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d by EB<span class=\"_ _5\"></span>ITDA<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>ld b<span class=\"_ _5\"></span>e </span></span>low<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an 3. T<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>/EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 1.09 (2021<span class=\"_ _8\"></span>: 0.<span class=\"_ _5\"></span>83).The <span class=\"ff73 ls15d ws172\">interest c<span class=\"_ _8\"></span>over ratio<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>put<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s EBIT<span class=\"_ _5\"></span>DA div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es (in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me), sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d </span></span>be hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n 3. Th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r rat<span class=\"_ _5\"></span>io a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22 was 53.<span class=\"_ _5\"></span>3 (202<span class=\"_ _3\"></span>1: 1<span class=\"_ _2\"></span>71<span class=\"_ _3\"></span>.3).CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T FA<span class=\"_ _8\"></span>C<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D BA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>K TER<span class=\"_ _5\"></span>M LOAN<span class=\"_ _5\"></span>SAt Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bu<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>raw<span class=\"_ _5\"></span>n ba<span class=\"_ _5\"></span>nk cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>or am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>p to 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H A<span class=\"_ _5\"></span>ND C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H EQU<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late t<span class=\"_ _5\"></span>o cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at DEM<span class=\"_ _5\"></span>E\u2019s inte<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV, but also at operational<span class=\"_ _3\"></span> subsidiaries and<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Therefore, a portion of the consolidated cash<span class=\"_ _3\"></span> and cash equ<span class=\"_ _3\"></span>ivalents is not always immediately a<span class=\"_ _8\"></span>v<span class=\"_ _5\"></span>ailable<span class=\"_ _3\"></span> as a result<span class=\"_ _3\"></span> of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>stric<span class=\"_ _5\"></span>tions.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ash av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 388<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f 522.3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR cas<span class=\"_ _5\"></span>h &amp; ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 134.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot imm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>ly av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e. At the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021 the cas<span class=\"_ _5\"></span>h tha<span class=\"_ _5\"></span>t is imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 405 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f 528.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h not i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>23.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndCRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.SUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.F<span class=\"_ _2\"></span>AIR V<span class=\"_ _6\"></span>ALUES<span class=\"_ _8\"></span> &amp; HIER<span class=\"_ _5\"></span>ARCHYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e lev<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion h<span class=\"_ _5\"></span>ier<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>hy of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>3, d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>endi<span class=\"_ _5\"></span>ng on t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f inpu<span class=\"_ _5\"></span>t us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he valuation of<span class=\"_ _3\"></span> financial instruments.- <span class=\"_ _a7\"> </span>Level 1 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are un<span class=\"_ _5\"></span>adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted q<span class=\"_ _5\"></span>uo<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces in a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. No v<span class=\"_ _5\"></span>alua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>del i<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In le<span class=\"_ _5\"></span>vel 1, we f<span class=\"_ _5\"></span>ind al<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts (v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e) wi<span class=\"_ _5\"></span>th a pu<span class=\"_ _5\"></span>blic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g in an a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>Level 2 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces q<span class=\"_ _5\"></span>uot<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or si<span class=\"_ _5\"></span>milar a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>n ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, or d<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>a bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on or s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by obser<span class=\"_ _5\"></span>vable market<span class=\"_ _3\"></span> data. A valuation<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on observ<span class=\"_ _5\"></span>able parameters such<span class=\"_ _3\"></span> as discounted<span class=\"_ _3\"></span> cashflow model, the comparison with another simi<span class=\"_ _3\"></span>lar instrument, the determination<span class=\"_ _8\"></span> of prices by third parties;- <span class=\"_ _a7\"> </span>Level 3 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vab<span class=\"_ _5\"></span>le da<span class=\"_ _5\"></span>ta f<span class=\"_ _5\"></span>or d<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rmi<span class=\"_ _5\"></span>ning t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, e.g. s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or whi<span class=\"_ _5\"></span>ch no p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic lis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>s avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e, l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es to c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, val<span class=\"_ _5\"></span>ued a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>tc<span class=\"_ _5\"></span>.Se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low i<span class=\"_ _5\"></span>s an ove<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>wn in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. All f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to L<span class=\"_ _5\"></span>evel 2<span class=\"_ _5\"></span>. Dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e wer<span class=\"_ _5\"></span>e no t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Le<span class=\"_ _5\"></span>vel 1 and L<span class=\"_ _5\"></span>evel 2 f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>o tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s into a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f Leve<span class=\"_ _5\"></span>l 3 fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _12d\"> </span>39,336<span class=\"_ _7c\"> </span>44<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>32<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _158\"> </span><span class=\"ls79 ws87\">8<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>92 </span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _202\"> </span>32,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>32,5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">33,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>02 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls4b ws53\">39,33<span class=\"_ _5\"></span>6 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _15a\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> </span></span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _8d\"> </span>22,<span class=\"_ _5\"></span>022 <span class=\"_ _1e4\"> </span>1,<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>,023 <span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _159\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span><span class=\"lsb wsc\">4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>677 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls57 ws60\">22,022 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>22,022 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>22<span class=\"_ _5\"></span>,022 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls7f ws8d\">5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,233 <span class=\"_ _da\"> </span>1<span class=\"_ _2\"></span>24,23<span class=\"_ _8\"></span>3 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _3\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _28\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61 <span class=\"_ _29b\"> </span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls31 ws3a\">84<span class=\"_ _5\"></span>4,803<span class=\"_ _3\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls3 ws3\">798<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>95 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15f\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _b9\"> </span>78<span class=\"_ _5\"></span>9,9<span class=\"_ _5\"></span>04 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"ls19 ws16\">74<span class=\"_ _8\"></span>3,396 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls7f ws8d\">53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8 <span class=\"_ _1e\"> </span>1,2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>1,<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _17b\"> </span>3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls3 ws3\">1,358<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 <span class=\"_ _1de\"> </span></span>1,390,039<span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15d\"> </span>252<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>870 <span class=\"_ _159\"> </span>2<span class=\"_ _5\"></span>52,<span class=\"_ _5\"></span>870 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _29b\"> </span><span class=\"ls4c ws5f\">262<span class=\"_ _5\"></span>,980<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _12d\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">7<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span>72,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _27d\"> </span><span class=\"lsd wsf\">777<span class=\"_ _8\"></span>,705 <span class=\"_ _15f\"> </span>777<span class=\"_ _8\"></span>,705 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _27d\"> </span></span>777<span class=\"_ _8\"></span>,705 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>3 <span class=\"_ _7c\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls57 ws60\">89,<span class=\"_ _5\"></span>982 <span class=\"_ _78\"> </span>89,<span class=\"_ _5\"></span>982 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>89,<span class=\"_ _5\"></span>982 </span>Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _228\"> </span>613<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7a\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 <span class=\"_ _158\"> </span>3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 </span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _8f\"> </span><span class=\"lsc wsd\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>33<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _2d9\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span></span>6<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _35\"> </span></span>6<span class=\"_ _5\"></span>13</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls34 ws3e\">4,239 <span class=\"_ _168\"> </span>4,239 <span class=\"_ _235\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>4,239 </span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _212\"> </span>3<span class=\"_ _5\"></span>,207<span class=\"_ _5\"></span> <span class=\"_ _c7\"> </span>980,84<span class=\"_ _5\"></span>6 <span class=\"_ _28a\"> </span><span class=\"ls57 ws60\">98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _2d8\"> </span>98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _159\"> </span>38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>2 </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _ba\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">528<span class=\"_ _5\"></span>,632<span class=\"_ _5\"></span> <span class=\"_ _159\"> </span>528<span class=\"_ _5\"></span>,632 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632 </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _202\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _213\"> </span></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _fb\"> </span>2<span class=\"_ _3\"></span>6,868 <span class=\"_ _b9\"> </span>58<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>7 <span class=\"_ _159\"> </span><span class=\"ls1a4 ws1cb\">6<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _4c\"> </span><span class=\"lsf ws13\">62<span class=\"_ _5\"></span>0,631 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _27d\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"lsd9 wse4\">5<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _274\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7c\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27 <span class=\"_ _1e7\"> </span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _19b\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls16 ws1d\">1,466,439<span class=\"_ _8\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls3 ws3\">1,478,807 <span class=\"_ _288\"> </span></span>1,487<span class=\"_ _2\"></span>,090 </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _29b\"> </span>343,340 <span class=\"_ _b9\"> </span>34<span class=\"_ _8\"></span>3,340 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span><span class=\"lsc wsd\">351<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Le<span class=\"_ _5\"></span>vel 2<span class=\"_ _7a\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _29b\"> </span>101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>101,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls37 ws83\">772,90<span class=\"_ _8\"></span>5 <span class=\"_ _159\"> </span>772,90<span class=\"_ _3\"></span>5 <span class=\"_ _78\"> </span>Level 2<span class=\"_ _15d\"> </span>772,<span class=\"_ _3\"></span>905 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls58 ws61\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>026 <span class=\"_ _78\"> </span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls7f ws8d\">76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>1 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> </span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ere u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ues<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span>Cash an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d, r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axe<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>oxim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>heir car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>y have a sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>The fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue o<span class=\"_ _5\"></span>f inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t on s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar ter<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk an<span class=\"_ _5\"></span>d rem<span class=\"_ _5\"></span>aini<span class=\"_ _5\"></span>ng ma<span class=\"_ _5\"></span>turi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>; wh<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te is v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e (f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng), the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. A simi<span class=\"_ _5\"></span>lar ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h is us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>;- <span class=\"_ _172\"> </span>The Group enters into<span class=\"_ _3\"></span> financial derivative instruments with various count<span class=\"_ _3\"></span>erpar<span class=\"_ _5\"></span>ties, principally financial<span class=\"_ _3\"></span> institutions with inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gr<span class=\"_ _5\"></span>ade c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s val<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d usin<span class=\"_ _5\"></span>g val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>ech<span class=\"_ _5\"></span>niq<span class=\"_ _5\"></span>ues w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h mar<span class=\"_ _5\"></span>ket o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e inp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e main<span class=\"_ _5\"></span>ly interest rate swaps, fuel hedges and foreign<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>orward contrac<span class=\"_ _5\"></span>ts. The models incorporate various in<span class=\"_ _3\"></span>puts including for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>ot an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate cu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The statement of<span class=\"_ _3\"></span> income i<span class=\"_ _3\"></span>ncludes the<span class=\"_ _3\"></span> following amou<span class=\"_ _3\"></span>nts relating t<span class=\"_ _3\"></span>o leases:(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls8b ws99\">13,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _2a1\"> </span><span class=\"lsb wsc\">6,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _cc\"> </span><span class=\"ls82 ws90\">3,36<span class=\"_ _5\"></span>4</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _1a9\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _ea\"> </span><span class=\"lsf ws13\">28<span class=\"_ _5\"></span>,582<span class=\"_ _7a\"> </span><span class=\"ls5c ws65\">2<span class=\"_ _5\"></span>1,73<span class=\"_ _5\"></span>8</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se (i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t)<span class=\"_ _2dd\"> </span><span class=\"ls78 ws86\">1,6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _7e\"> </span>1,<span class=\"_ _4\"></span>257</span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es<span class=\"_ _197\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _8\"></span>1<span class=\"_ _cc\"> </span><span class=\"ls7c ws8a\">2<span class=\"_ _5\"></span>,694</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _8e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ls7f ws8d\">76</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _2de\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _8f\"> </span>25<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span>2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 1 <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _9b\"> </span>To<span class=\"_\"> </span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearGross lease payments<span class=\"_ _f5\"> </span>51<span class=\"_ _8\"></span>,234<span class=\"_ _8f\"> </span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>10<span class=\"_ _213\"> </span>25,<span class=\"_ _8\"></span>162<span class=\"_ _1ee\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _1ee\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0</span></span>Interes<span class=\"_ _5\"></span>t payment<span class=\"_ _5\"></span>s<span class=\"_ _8a\"> </span>-<span class=\"_ _2\"></span>15,9<span class=\"_ _8\"></span>19<span class=\"_ _164\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _9b\"> </span><span class=\"ls88 ws96\">-202<span class=\"_ _202\"> </span></span>-17,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _202\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7</span></span>Lease liabilities present value<span class=\"_ _2da\"> </span>35<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>315<span class=\"_ _7a\"> </span>41,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span>24,<span class=\"_ _3\"></span>960<span class=\"_ _29b\"> </span><span class=\"ls3f ws67\">101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">92<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>93</span></span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls75 ws82\">71,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"ls89 ws97\">6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>17</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _56\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _7f\"> </span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _2dc\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _15a\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>8,802</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">92<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>93</span>plant and equipmentThe<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g date t<span class=\"_ _5\"></span>hat d<span class=\"_ _5\"></span>id no<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>mmen<span class=\"_ _5\"></span>ce as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f ren<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>al options and termi<span class=\"_ _3\"></span>nation options not<span class=\"_ _3\"></span> reflec<span class=\"_ _5\"></span>ted in the lease<span class=\"_ _3\"></span> liabilities is<span class=\"_ _8\"></span> immaterial.NOTE 20 <span class=\"_ _5\"></span>\u2013 LE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SE L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BIL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 21 \u2013 RETI<span class=\"_ _5\"></span>REM<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>BEN<span class=\"_ _5\"></span>EFIT <span class=\"_ _5\"></span>OBL<span class=\"_ _5\"></span>IG<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIO<span class=\"_ _5\"></span>NSThe D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s to pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>y ret<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pla<span class=\"_ _5\"></span>ns in s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>ral o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich i<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce w<span class=\"_ _5\"></span>ith I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its.Ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t 80% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it ob<span class=\"_ _5\"></span>lig<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>ral occupational pension<span class=\"_ _3\"></span> plans in<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>avour<span class=\"_ _3\"></span> of these employees:- <span class=\"_ _a7\"> </span>The pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e <span class=\"ff73 lse1 ws44\">\u201cdefined<span class=\"_ _8\"></span> benef<span class=\"_ _5\"></span>it\u201d <span class=\"ff70 ls3 ws3\">are f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh a </span><span class=\"ls13 ws9a\">group insurance <span class=\"ff70 ls3 ws3\">br<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>h 21 eith<span class=\"_ _5\"></span>er thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a </span></span></span>comp<span class=\"_ _5\"></span>any p<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fun<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the <span class=\"ff73 ls1d4 ws1fa\">pension fund </span>\u201cKB<span class=\"_ _5\"></span>C Pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on Fun<span class=\"_ _5\"></span>d S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice d<span class=\"_ _5\"></span>eel<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u201d hav<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>en es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed st<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket va<span class=\"_ _5\"></span>lue a<span class=\"_ _5\"></span>s at No<span class=\"_ _5\"></span>vemb<span class=\"_ _5\"></span>er 3<span class=\"_ _5\"></span>0, 2022, re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>ak<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nto a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>nne<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g a 0% f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l re<span class=\"_ _5\"></span>turn f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>h of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 2022. As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nsu<span class=\"_ _5\"></span>red pla<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e cal<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>er p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>mum o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue a<span class=\"_ _5\"></span>t the d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he acc<span class=\"_ _5\"></span>rue<span class=\"_ _5\"></span>d b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 para<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph 1<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5, wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>n the d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te on t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ent v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t exce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>s the m<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, to ta<span class=\"_ _5\"></span>ke into a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ult r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any. T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>The DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">\u201cdefined contributions<span class=\"_ _5\"></span>\u201d </span><span class=\"ls74 ws81\">for Belgian employe<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span></span><span class=\"ff73\">, </span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ly emp<span class=\"_ _5\"></span>loye<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a <span class=\"ff73 ls13 ws9a\">group insurance </span>bra<span class=\"_ _5\"></span>nch 21. In accor<span class=\"_ _5\"></span>dan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gian s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cial l<span class=\"_ _5\"></span>egi<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, t<span class=\"_ _5\"></span>he em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yer ha<span class=\"_ _5\"></span>s to guarantee a<span class=\"_ _3\"></span>n interest rate on<span class=\"_ _8\"></span> the employer contributions paid<span class=\"_ _3\"></span> in defined contributions plans<span class=\"_ _8\"></span> of 3.25% for<span class=\"_ _3\"></span> contributions paid unt<span class=\"_ _5\"></span>il Oc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>obe<span class=\"_ _5\"></span>r 1, 20<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d as f<span class=\"_ _5\"></span>rom 2016 the Bel<span class=\"_ _5\"></span>gia<span class=\"_ _5\"></span>n leg<span class=\"_ _5\"></span>isl<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded t<span class=\"_ _5\"></span>o us<span class=\"_ _5\"></span>e a year<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>y var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on a B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te b<span class=\"_ _5\"></span>ond o<span class=\"_ _5\"></span>f 10 year<span class=\"_ _3\"></span>, wi<span class=\"_ _5\"></span>th an ab<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>te mi<span class=\"_ _5\"></span>nimum r<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>urn o<span class=\"_ _5\"></span>f 1.<span class=\"_ _8\"></span>75% and an a<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>te ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum r<span class=\"_ _5\"></span>etu<span class=\"_ _5\"></span>rn o<span class=\"_ _5\"></span>f 3.75<span class=\"_ _8\"></span>% (0%<span class=\"_ _3\"></span> as from the t<span class=\"_ _3\"></span>ermination d<span class=\"_ _3\"></span>ate of the<span class=\"_ _3\"></span> labour contract).<span class=\"_ _3\"></span> All contributions paid<span class=\"_ _3\"></span> before a change<span class=\"_ _3\"></span> in return rate<span class=\"_ _8\"></span> will be held at the o<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>gina<span class=\"_ _5\"></span>l inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e in the f<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>ture (<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>gal ho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>zon<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e). Thi<span class=\"_ _5\"></span>s hor<span class=\"_ _5\"></span>izo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>tee i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t ful<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s provided by the<span class=\"_ _3\"></span> insurance c<span class=\"_ _3\"></span>ompanies towards<span class=\"_ _3\"></span> the employers<span class=\"_ _3\"></span> regarding the<span class=\"_ _3\"></span> ef<span class=\"_ _5\"></span>fectuation of the grou<span class=\"_ _3\"></span>p insurance<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. The emp<span class=\"_ _5\"></span>loye<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>his le<span class=\"_ _5\"></span>gal g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e, w<span class=\"_ _5\"></span>ere v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e pas<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ming t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te w<span class=\"_ _5\"></span>ith r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e le<span class=\"_ _5\"></span>gal min<span class=\"_ _5\"></span>imum g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 1.7<span class=\"_ _8\"></span>5% to 2.<span class=\"_ _5\"></span>50% f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are c<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>er p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n as th<span class=\"_ _5\"></span>e ma<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>mum of t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t va<span class=\"_ _5\"></span>lue at th<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ccr<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 para<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ph 1<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5, wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt v<span class=\"_ _5\"></span>alue t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>xce<span class=\"_ _5\"></span>eds t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>o ta<span class=\"_ _5\"></span>ke into a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nsu<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>en inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g fun<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>.DEME<span class=\"_ _5\"></span>\u2019s subs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate a n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n sc<span class=\"_ _5\"></span>hem<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t exce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>uth<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y in the N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rla<span class=\"_ _5\"></span>nds a<span class=\"_ _5\"></span>nd ar<span class=\"_ _5\"></span>e clo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r ne<span class=\"_ _5\"></span>w ent<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>rua<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he schemes arise from the oblig<span class=\"_ _3\"></span>ation for the<span class=\"_ _3\"></span> entities to index ac<span class=\"_ _3\"></span>crued pension benefit<span class=\"_ _5\"></span>s and benefits in payment and<span class=\"_ _3\"></span>/<span class=\"_ _8\"></span>or the obligation to<span class=\"_ _8\"></span> pay guarantee cost<span class=\"_ _5\"></span>s to the insurance company.Employ<span class=\"_ _8\"></span>ee benefit obligations<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Retirement oblig<span class=\"_ _3\"></span>ations in Belg<span class=\"_ _3\"></span>ium and<span class=\"_ _8\"></span> The Netherlands<span class=\"_ _2df\"> </span><span class=\"ls58 ws61\">56<span class=\"_ _5\"></span>,902<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other retirement obligations<span class=\"_ _1ff\"> </span><span class=\"ls12 ws17\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>621 <span class=\"_ _49\"> </span><span class=\"ls57 ws60\">3,<span class=\"_ _5\"></span>054 </span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2e0\"> </span><span class=\"ls4c ws5f\">60<span class=\"_ _5\"></span>,52<span class=\"_ _5\"></span>3 <span class=\"_ _43\"> </span><span class=\"lsd wsf\">65,2<span class=\"_ _5\"></span>67 </span></span>The decrease in<span class=\"_ _3\"></span> retirement obligations<span class=\"_ _3\"></span> in Belgium<span class=\"_ _8\"></span> and The Netherlands is relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _8\"></span> evolution in the macro-economic environment and m<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>lly t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>vol<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the i<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, th<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed to<span class=\"_ _5\"></span> 3.4<span class=\"_ _5\"></span>6% com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o 0.9<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. Th<span class=\"_ _5\"></span>is re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in a ver<span class=\"_ _4\"></span>y ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>etu<span class=\"_ _5\"></span>rn o<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e one h<span class=\"_ _5\"></span>and a<span class=\"_ _5\"></span>nd in a s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant g<span class=\"_ _5\"></span>ain in the re<span class=\"_ _3\"></span>measurement of retireme<span class=\"_ _3\"></span>nt benefit plan obligations<span class=\"_ _3\"></span> due to<span class=\"_ _3\"></span> change in<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial assumptions<span class=\"_ _3\"></span> on the other<span class=\"_ _8\"></span> hand. The net positive ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t w<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly s<span class=\"_ _5\"></span>ligh<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>duce<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ra<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>rom 1.90<span class=\"_ _5\"></span>% to 2.<span class=\"_ _8\"></span>16<span class=\"_ _3\"></span>%<span class=\"_ _5\"></span>.Retirement benefit obligations<span class=\"_ _3\"></span> in Belgium<span class=\"_ _3\"></span> and The<span class=\"_ _8\"></span> Net<span class=\"_ _5\"></span>herlands<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>olly o<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tia<span class=\"_ _5\"></span>lly f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>ed ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _24a\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _1bf\"> </span></span>246,<span class=\"_ _5\"></span>857 Fair valu<span class=\"_ _5\"></span>e of pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s <span class=\"_ _2e1\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _3d\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> </span>Impac<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ceiling<span class=\"_ _2bb\"> </span><span class=\"ls6b ws78\">353<span class=\"_ _5\"></span> <span class=\"_ _240\"> </span><span class=\"ls3 ws3\">42 </span></span>Ne<span class=\"_ _5\"></span>t fu<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t obl<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31<span class=\"_ _206\"> </span>5<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>02 <span class=\"_ _43\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span>MOVEMENT<span class=\"_ _3\"></span> OF RETIREMENT BENE<span class=\"_ _3\"></span>FIT PLAN OBLIGA<span class=\"_ _8\"></span>TIONSBalance at January 1<span class=\"_ _2e2\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _19a\"> </span><span class=\"ls3 ws3\">60,02<span class=\"_ _5\"></span>6</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in inc<span class=\"_ _5\"></span>ome (1<span class=\"_ _3\"></span>)<span class=\"_ _5a\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>53<span class=\"_ _53\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>4,24<span class=\"_ _8\"></span>3</span></span>Charges reco<span class=\"_ _5\"></span>gnised in other comprehen<span class=\"_ _5\"></span>sive income (2<span class=\"_ _3\"></span>)<span class=\"_ _2e3\"> </span><span class=\"lsa wsb\">-5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>8<span class=\"_ _17c\"> </span><span class=\"ls78 ws86\">1,0<span class=\"_ _5\"></span>73</span></span>Con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>but<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om emp<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>er <span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-14<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _184\"> </span><span class=\"ls8b ws99\">-13<span class=\"_ _5\"></span>,13<span class=\"_ _5\"></span>6</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2e4\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e5\"> </span>7</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2e0\"> </span>56,<span class=\"_ _5\"></span>902<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13</span>(1<span class=\"_ _8\"></span>) Ch<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eCurrent ser<span class=\"_ _5\"></span>vice co<span class=\"_ _5\"></span>st<span class=\"_ _1cf\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>51<span class=\"_ _48\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>16</span>Pas<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t &amp; ot<span class=\"_ _5\"></span>her<span class=\"_ _2a3\"> </span><span class=\"ls75 ws82\">102<span class=\"_ _192\"> </span><span class=\"ls1d ws27\">86</span></span>Interes<span class=\"_ _5\"></span>t cost<span class=\"_ _2e6\"> </span><span class=\"ls57 ws60\">2,<span class=\"_ _5\"></span>225<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>23</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (-)<span class=\"_ _2e7\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _69\"> </span><span class=\"ls7c ws8a\">-982</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me<span class=\"_ _2ac\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>53<span class=\"_ _19a\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span>NO<span class=\"_ _5\"></span>TE 21 - co<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nu<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(2) Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eActuar<span class=\"_ _5\"></span>ial (gains)/loss<span class=\"_ _5\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls147 ws157\">-<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _127\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>45</span></span>Ret<span class=\"_ _5\"></span>urn on p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (-) (exclu<span class=\"_ _5\"></span>ding in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>ome)<span class=\"_ _46\"> </span><span class=\"ls7a ws88\">49,<span class=\"_ _5\"></span>249<span class=\"_ _145\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>976</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _269\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8<span class=\"_ _18b\"> </span><span class=\"ls82 ws90\">3,042</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me<span class=\"_ _16a\"> </span><span class=\"ls36 ws3d\">-5,24<span class=\"_ _5\"></span>8<span class=\"_ _18b\"> </span><span class=\"ls6b ws78\">1,073</span></span>MOVEMENT<span class=\"_ _3\"></span> IN RETIREMENT BENE<span class=\"_ _3\"></span>FIT PLAN OBLIGA<span class=\"_ _8\"></span>TIONS AND ASSET<span class=\"_ _5\"></span>SRet<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan o<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1<span class=\"_ _2bc\"> </span><span class=\"ls31 ws3a\">246,85<span class=\"_ _3\"></span>7<span class=\"_ _38\"> </span><span class=\"ls38 ws41\">250,<span class=\"_ _2\"></span>100</span></span>Current ser<span class=\"_ _5\"></span>vice co<span class=\"_ _5\"></span>st<span class=\"_ _1cf\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>51<span class=\"_ _48\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>16</span>Interes<span class=\"_ _5\"></span>t cost<span class=\"_ _2e6\"> </span><span class=\"ls57 ws60\">2,<span class=\"_ _5\"></span>225<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>23</span></span>Contributions from employee<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls80 ws8e\">123<span class=\"_ _218\"> </span><span class=\"ls8b ws99\">137</span></span>Benefits pa<span class=\"_ _3\"></span>id t<span class=\"_ _8\"></span>o benefici<span class=\"_ _3\"></span>aries<span class=\"_ _189\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0</span></span>Remeas<span class=\"_ _5\"></span>urement o<span class=\"_ _5\"></span>f liabiliti<span class=\"_ _5\"></span>es res<span class=\"_ _5\"></span>ulting in ac<span class=\"_ _5\"></span>tuar<span class=\"_ _5\"></span>ial (gains)/los<span class=\"_ _5\"></span>ses<span class=\"_ _7b\"> </span><span class=\"ls13 ws9a\">-54,809<span class=\"_ _3f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5</span></span>due to<span class=\"_ _3\"></span> changes in<span class=\"_ _3\"></span> demographic assumptions<span class=\"_ _2e8\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _232\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0</span></span>due to c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es in f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _2c9\"> </span><span class=\"ls1f6 ws220\">-7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _186\"> </span><span class=\"ls1b2 ws1d8\">-10,74<span class=\"_ _5\"></span>0</span></span>due to e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>nce ad<span class=\"_ _5\"></span>jus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2e9\"> </span><span class=\"ls1bf ws1e6\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>33<span class=\"_ _18e\"> </span><span class=\"ls1b1 ws1d7\">1,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>5</span></span>Pas<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _265\"> </span>-<span class=\"_ _2d1\"> </span>-Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _180\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _229\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4</span>Retirement benefit plan oblig<span class=\"_ _3\"></span>ations balance<span class=\"_ _8\"></span> at December 3<span class=\"_ _3\"></span>1<span class=\"_ _c3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _38\"> </span><span class=\"ls31 ws3a\">246,85<span class=\"_ _8\"></span>7</span></span>Ret<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1<span class=\"_ _24f\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _39\"> </span><span class=\"ls5a ws63\">19<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>74</span></span>Ret<span class=\"_ _5\"></span>urn on p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (+<span class=\"_ _8\"></span>) (exc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me)<span class=\"_ _98\"> </span><span class=\"ls7a ws88\">-49,<span class=\"_ _5\"></span>249<span class=\"_ _127\"> </span><span class=\"ls7f ws8d\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>976</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>)<span class=\"_ _24d\"> </span><span class=\"ls75 ws82\">1,7<span class=\"_ _5\"></span>25<span class=\"_ _c1\"> </span><span class=\"ls7c ws8a\">982</span></span>Contribu<span class=\"_ _5\"></span>tions from employer/<span class=\"_ _8\"></span>emplo<span class=\"_ _5\"></span>yees (*)<span class=\"_ _1ac\"> </span><span class=\"ls55 ws5d\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _61\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>3</span></span>Benefits pa<span class=\"_ _3\"></span>id t<span class=\"_ _8\"></span>o benefici<span class=\"_ _3\"></span>aries<span class=\"_ _189\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _180\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>1,773<span class=\"_ _3f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7</span></span>Ret<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _1c9\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _3\"></span>42,560<span class=\"_ _1bf\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>MAIN ACTUARIAL ASSUMPTIONS A<span class=\"_ _8\"></span>T THE END OF<span class=\"_ _8\"></span> THE PERIODDis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _17a\"> </span><span class=\"ls85 ws93\">3.4<span class=\"_ _5\"></span>6%<span class=\"_ _3f\"> </span><span class=\"ls37 ws83\">0.90%</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d ra<span class=\"_ _5\"></span>te of s<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>fl<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d)<span class=\"_ _9a\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _3f\"> </span><span class=\"ls37 ws83\">3.40<span class=\"_ _5\"></span>%</span></span>Lon<span class=\"_ _5\"></span>g ter<span class=\"_ _5\"></span>m inf<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _260\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _1b5\"> </span><span class=\"ls7d ws8b\">1.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span></span>Mor<span class=\"_ _5\"></span>tality tables BE-plans<span class=\"_ _198\"> </span><span class=\"ls3 ws3\">MR<span class=\"_ _5\"></span>/FR-5 y<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s<span class=\"_ _96\"> </span>MR<span class=\"_ _5\"></span>/FR-5 y<span class=\"_ _5\"></span>rs</span>Mor<span class=\"_ _5\"></span>tality tables NL<span class=\"_ _6\"></span>-plans<span class=\"_ _2ea\"> </span><span class=\"ls57 ws60\">AG2022 E<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>-P2<span class=\"_ _5\"></span>A<span class=\"_ _b9\"> </span><span class=\"ls16 ws1d\">AG20<span class=\"_ _8\"></span>21<span class=\"_ _3\"></span> ES-P2A</span></span>OTHER INFORMA<span class=\"_ _2\"></span>TIONAvera<span class=\"_ _5\"></span>ge dur<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t pl<span class=\"_ _5\"></span>an obli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s<span class=\"_ _76\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _17c\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7</span></span>Avera<span class=\"_ _5\"></span>ge ac<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>l re<span class=\"_ _5\"></span>turn o<span class=\"_ _5\"></span>n plan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _68\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>5.<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6%<span class=\"_ _61\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>%</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tion i<span class=\"_ _5\"></span>n ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar<span class=\"_ _ca\"> </span><span class=\"ls34 ws3e\">14,28<span class=\"_ _8\"></span>7 <span class=\"_ _4b\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span> </span></span>PRO<span class=\"_ _8\"></span>VISIONS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Warranties<span class=\"_ _1b7\"> </span><span class=\"ls1d5 ws1fc\">Other</span>2022<span class=\"_ _245\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _299\"> </span>37<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>378 <span class=\"_ _179\"> </span>5<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>2 <span class=\"_ _92\"> </span><span class=\"ls34 ws3e\">43,31<span class=\"_ _8\"></span>0 <span class=\"_ _86\"> </span><span class=\"ls38 ws41\">30,297<span class=\"_ _3\"></span> </span></span>Ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g dur<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _37\"> </span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _19a\"> </span>895 <span class=\"_ _2b\"> </span><span class=\"lsf ws13\">6,0<span class=\"_ _5\"></span>48<span class=\"_ _3d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed dur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g the ye<span class=\"_ _5\"></span>ar<span class=\"_ _2f2\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span></span>-<span class=\"_ _2b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _4b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0</span></span>Unus<span class=\"_ _5\"></span>ed am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>ers<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _124\"> </span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,872<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span>6,827<span class=\"_ _8\"></span> <span class=\"_ _166\"> </span><span class=\"ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _86\"> </span><span class=\"ls34 ws3e\">43,310<span class=\"_ _3\"></span> </span></span>Current<span class=\"_ _2bd\"> </span><span class=\"ls56 ws5e\">4<span class=\"_ _4\"></span>,714<span class=\"_ _5\"></span> <span class=\"_ _97\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _38\"> </span></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"ls75 ws82\">3,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span></span>Non-current<span class=\"_ _2bf\"> </span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span> <span class=\"_ _179\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827 <span class=\"_ _92\"> </span><span class=\"ls3 ws3\">42,<span class=\"_ _5\"></span>985 <span class=\"_ _166\"> </span><span class=\"ls7f ws8d\">39<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>2 </span></span>NOTE 23 \u2013 P<span class=\"_ _5\"></span>ROVISI<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CONT<span class=\"_ _5\"></span>ING<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SNOTE 22 \u2013 OTH<span class=\"_ _5\"></span>ER CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T LI<span class=\"_ _5\"></span>AB<span class=\"_ _5\"></span>ILITI<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes an<span class=\"_ _5\"></span>d val<span class=\"_ _5\"></span>ue ad<span class=\"_ _5\"></span>ded t<span class=\"_ _5\"></span>ax (<span class=\"_ _5\"></span>VA<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls55 ws5d\">35<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>716<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span> </span></span>Other amounts payable<span class=\"_ _2f0\"> </span><span class=\"ls7a ws88\">45,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls34 ws3e\">34,<span class=\"_ _8\"></span>770 </span></span>Accruals and de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>red income<span class=\"_ _2f1\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,72<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls12 ws17\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>01 </span></span>Other cur<span class=\"_ _5\"></span>rent liabilities<span class=\"_ _2de\"> </span><span class=\"ls3 ws3\">89,9<span class=\"_ _5\"></span>82 <span class=\"_ _4b\"> </span>78,731 </span>Other amounts p<span class=\"_ _3\"></span>ayable<span class=\"_ _8\"></span> <span class=\"ff70 ls3 ws3\">r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd to a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s due t<span class=\"_ _5\"></span>o joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e lat<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r are a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in t<span class=\"_ _5\"></span>he </span>amo<span class=\"_ _5\"></span>unt di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in no<span class=\"_ _5\"></span>te (26) Rela<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s.NO<span class=\"_ _5\"></span>TE 21 - co<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nu<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>SENSITIVITY ANA<span class=\"_ _5\"></span>L<span class=\"_ _2\"></span>YSIS (impac<span class=\"_ _5\"></span>t on amount of<span class=\"_ _3\"></span> obligations)Discount r<span class=\"_ _5\"></span>ate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _1a5\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _5\"></span>4.25<span class=\"_ _8\"></span>%<span class=\"_ _5e\"> </span><span class=\"ls3 ws3\">-5<span class=\"_ _5\"></span>.00<span class=\"_ _5\"></span>%</span></span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _1a9\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>%<span class=\"_ _2ba\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>.78<span class=\"_ _4\"></span>%</span></span>Salar<span class=\"_ _5\"></span>y grow<span class=\"_ _5\"></span>th rate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _2eb\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.76%<span class=\"_ _2ba\"> </span>0<span class=\"_ _5\"></span>.76<span class=\"_ _5\"></span>%</span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _2ec\"> </span><span class=\"ls88 ws96\">-2.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>%<span class=\"_ _48\"> </span><span class=\"ls77 ws85\">-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>%</span></span>Life expectationincr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e by 1 y<span class=\"_ _5\"></span>ear<span class=\"_ _2ed\"> </span>-0.39%<span class=\"_ _61\"> </span><span class=\"ls77 ws85\">-<span class=\"_ _7\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>%</span>Inflation rate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _283\"> </span><span class=\"ls19 ws16\">0.39%<span class=\"_ _1b8\"> </span><span class=\"ls1f7 ws221\">N.A.</span></span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _2ec\"> </span><span class=\"ls88 ws96\">-2.<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>%<span class=\"_ _1b8\"> </span><span class=\"ls1f7 ws221\">N.A.</span></span>ASSET<span class=\"_ _5\"></span>S ALLOCA<span class=\"_ _8\"></span>TIONCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2ee\"> </span><span class=\"ls77 ws85\">0<span class=\"_ _4\"></span>.12<span class=\"_ _7\"></span>%<span class=\"_ _49\"> </span><span class=\"ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>07%</span></span>Equit<span class=\"_ _5\"></span>y ins<span class=\"_ _5\"></span>trum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2ef\"> </span><span class=\"lsc1 wscd\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1%<span class=\"_ _49\"> </span><span class=\"lsd9 wse4\">0<span class=\"_ _5\"></span>.93<span class=\"_ _5\"></span>%</span></span>Debt ins<span class=\"_ _5\"></span>trument<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls85 ws93\">0.<span class=\"_ _5\"></span>96%<span class=\"_ _3f\"> </span><span class=\"ls7c ws8a\">0<span class=\"_ _5\"></span>.82%</span></span>Insurance c<span class=\"_ _3\"></span>ontrac<span class=\"_ _5\"></span>ts<span class=\"_ _261\"> </span><span class=\"ls35 ws43\">97<span class=\"_ _2\"></span>.99%<span class=\"_ _4b\"> </span><span class=\"ls77 ws85\">9<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>%</span></span>(*) I<span class=\"_ _5\"></span>n 2022 an a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 10.9 m<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>an de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s (2021: 9.8 m<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ion E<span class=\"_ _5\"></span>UR)<span class=\"_ _5\"></span>. T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion pla<span class=\"_ _5\"></span>ns) e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al ye<span class=\"_ _5\"></span>ar is 14.<span class=\"_ _5\"></span>3 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.Ne<span class=\"_ _5\"></span>t wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al (N<span class=\"_ _5\"></span>WC) <span class=\"ff70 ls74 ws81\">is curre<span class=\"_ _5\"></span>nt ass<span class=\"_ _5\"></span>ets le<span class=\"_ _5\"></span>ss curr<span class=\"_ _5\"></span>ent liabilitie<span class=\"_ _5\"></span>s.</span>Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al (OWC) <span class=\"ff70\">is n<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal (cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s le<span class=\"_ _5\"></span>ss c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s), </span>excluding inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rat<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s and including other non-current assets and non-cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (i<span class=\"_ _5\"></span>f any) as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s (ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es), e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r tho<span class=\"_ _5\"></span>se r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rat<span class=\"_ _5\"></span>e swap<span class=\"_ _5\"></span>s.In 20<span class=\"_ _8\"></span>22 management<span class=\"_ _8\"></span> changed the definition of operating working capital to<span class=\"_ _8\"></span> exc<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>de the i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o net f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd no<span class=\"_ _5\"></span>t to w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, and t<span class=\"_ _5\"></span>o include all the<span class=\"_ _3\"></span> non-current financial derivatives of forex/fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al as r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d la<span class=\"_ _5\"></span>st y<span class=\"_ _5\"></span>ear am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o -4<span class=\"_ _5\"></span>88<span class=\"_ _5\"></span>.7 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. Acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021 amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to -51<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>cus o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p is to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>ne ha<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d the n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h bei<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n ca<span class=\"_ _5\"></span>sh an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh eq<span class=\"_ _5\"></span>uiv<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d. In t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>t to mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or as e<span class=\"_ _5\"></span>ach p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>s dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t, n<span class=\"_ _5\"></span>ot o<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n size a<span class=\"_ _5\"></span>nd ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal n<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ds b<span class=\"_ _5\"></span>ut al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>nd mo<span class=\"_ _5\"></span>re s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>ly in t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>ay the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is p<span class=\"_ _5\"></span>aid b<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>s cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>egin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y mile<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ton<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cli<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t.Whe<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en it h<span class=\"_ _5\"></span>as to b<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up can e<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>row i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s or re<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ce it<span class=\"_ _5\"></span>s lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an n<span class=\"_ _5\"></span>ego<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>te sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er mil<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>s and p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>ms wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s or ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>te lo<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt ter<span class=\"_ _5\"></span>ms with the suppliers, however<span class=\"_ _8\"></span> w<span class=\"_ _5\"></span>ithout putting a strain on the<span class=\"_ _8\"></span> relationships with them. The Group can<span class=\"_ _8\"></span> limit the non-project<span class=\"_ _3\"></span>-related ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and r<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ew an<span class=\"_ _5\"></span>d lim<span class=\"_ _5\"></span>it th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ll exc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s equ<span class=\"_ _5\"></span>ipm<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nver<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>m into w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>.NOTE 24 \u2013 <span class=\"_ _5\"></span>WORKI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>CA<span class=\"_ _5\"></span>PIT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>LBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1CON<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESBa<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on at t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te on w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, we ar<span class=\"_ _5\"></span>e not aware of a<span class=\"_ _3\"></span>ny other<span class=\"_ _3\"></span> contingent assets or liabil<span class=\"_ _3\"></span>ities than the<span class=\"_ _3\"></span> one described below:-\ue603<span class=\"_ _a7\"> </span>Since\ue603201<span class=\"_ _3\"></span>8,\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>roup\ue603h<span class=\"_ _5\"></span>as\ue603b<span class=\"_ _5\"></span>een\ue603i<span class=\"_ _5\"></span>nvol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d\ue603in\ue603dis<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s\ue603wi<span class=\"_ _5\"></span>th\ue603R\ue716<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>sw<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aat\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds\ue603re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on\ue603by\ue603one o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the J<span class=\"_ _5\"></span>ulia<span class=\"_ _5\"></span>na Ca<span class=\"_ _5\"></span>nal w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>ning p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E can<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>t make a re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le asses<span class=\"_ _5\"></span>sment of the<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial c<span class=\"_ _3\"></span>onsequences of these discussions. Despite various settlement discussions with the cl<span class=\"_ _3\"></span>ient R\ue716k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>at\ue603hav<span class=\"_ _5\"></span>ing\ue603t<span class=\"_ _5\"></span>aken\ue603p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e,\ue603th<span class=\"_ _5\"></span>e\ue603is<span class=\"_ _5\"></span>sue\ue603h<span class=\"_ _5\"></span>as\ue603no<span class=\"_ _5\"></span>t\ue603be<span class=\"_ _5\"></span>en\ue603s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>led\ue603y<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>One of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p Comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in l<span class=\"_ _5\"></span>egal p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>edin<span class=\"_ _5\"></span>gs in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Du<span class=\"_ _5\"></span>tch Wat<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ard (<span class=\"_ _5\"></span>het Wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap Vall<span class=\"_ _5\"></span>ei en Veluwe) ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>ich s<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny is a m<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, due t<span class=\"_ _5\"></span>o alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>dl<span class=\"_ _5\"></span>y unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>zed a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t Eemd<span class=\"_ _5\"></span>\ue716k<span class=\"_ _5\"></span>.\ue603Th<span class=\"_ _5\"></span>e\ue603alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d\ue603unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ize<span class=\"_ _5\"></span>d\ue603ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es\ue603we<span class=\"_ _5\"></span>re\ue603f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y\ue603and\ue603s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y\ue603exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed\ue603by\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\ue603Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer\ue603p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m, a<span class=\"_ _5\"></span>s the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>thd<span class=\"_ _5\"></span>rew f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>ven b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ual e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>ny wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny wa<span class=\"_ _5\"></span>s how<span class=\"_ _5\"></span>ever n<span class=\"_ _5\"></span>ot a<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>lly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hdr<span class=\"_ _5\"></span>aw f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Me<span class=\"_ _5\"></span>anw<span class=\"_ _5\"></span>hil<span class=\"_ _5\"></span>e, s<span class=\"_ _5\"></span>aid f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner h<span class=\"_ _5\"></span>as fi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d for b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>upt<span class=\"_ _5\"></span>cy. Th<span class=\"_ _5\"></span>e ou<span class=\"_ _5\"></span>tcom<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>his cl<span class=\"_ _5\"></span>aim is s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill un<span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>. Ho<span class=\"_ _5\"></span>wev<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt cir<span class=\"_ _5\"></span>cum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e afo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d pen<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g le<span class=\"_ _5\"></span>gal pr<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to hav<span class=\"_ _5\"></span>e a mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>'s f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>In Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 2022, th<span class=\"_ _5\"></span>e Cham<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r of In<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e Cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of A<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>eal o<span class=\"_ _5\"></span>f Gh<span class=\"_ _5\"></span>ent d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup to c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>his de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s a ju<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ial inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>hich a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t was awar<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d by ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>dure t<span class=\"_ _5\"></span>o Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>, a fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>er Rus<span class=\"_ _5\"></span>sia<span class=\"_ _5\"></span>n joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pany o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p, fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of S<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>a (Rus<span class=\"_ _5\"></span>sia) in A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 201<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e summ<span class=\"_ _5\"></span>er mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>hs of 2<span class=\"_ _5\"></span>01<span class=\"_ _8\"></span>4 and 20<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5. The in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tigation was lau<span class=\"_ _3\"></span>nched following a<span class=\"_ _3\"></span> complaint<span class=\"_ _8\"></span> l<span class=\"_ _5\"></span>odged by a<span class=\"_ _3\"></span> competitor<span class=\"_ _8\"></span>, to whom said contract was not<span class=\"_ _3\"></span> granted by negotiated procedure,<span class=\"_ _8\"></span> and is based solely on selecti<span class=\"_ _5\"></span>ve information<span class=\"_ _3\"></span> provided by this<span class=\"_ _8\"></span> competi<span class=\"_ _5\"></span>tor<span class=\"_ _8\"></span>. DEME em<span class=\"_ _3\"></span>phasizes that<span class=\"_ _8\"></span> the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f Ind<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded o<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l to cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at no<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d have y<span class=\"_ _5\"></span>et had the<span class=\"_ _3\"></span> oppor<span class=\"_ _5\"></span>tunity to<span class=\"_ _3\"></span> submit substantive a<span class=\"_ _3\"></span>rguments regardi<span class=\"_ _3\"></span>ng the ch<span class=\"_ _3\"></span>arges brought<span class=\"_ _8\"></span> by the Public<span class=\"_ _3\"></span> Prosecutor<span class=\"_ _8\"></span>. In the cu<span class=\"_ _3\"></span>rrent circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it i<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ure to s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ta<span class=\"_ _5\"></span>kes c<span class=\"_ _5\"></span>are t<span class=\"_ _5\"></span>hat al<span class=\"_ _5\"></span>l it<span class=\"_ _5\"></span>s en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e law<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d reg<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>orc<span class=\"_ _5\"></span>e, inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e rul<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Reference is<span class=\"_ _3\"></span> made to<span class=\"_ _3\"></span> the summa<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>y of principal<span class=\"_ _8\"></span> accounting policies for information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the provisions.The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>l pla<span class=\"_ _5\"></span>n for r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>uri<span class=\"_ _5\"></span>ng. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>smi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>al p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s in the n<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod are im<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d are b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>ked as r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.The o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>re all r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the E<span class=\"_ _5\"></span>nvir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (all as<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e war<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>es) ar<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to the Of<span class=\"_ _5\"></span>fshore Energy segment.The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ca<span class=\"_ _5\"></span>n be f<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d bel<span class=\"_ _5\"></span>ow.RECONCILIA<span class=\"_ _6\"></span>TION OPERA<span class=\"_ _2\"></span>TING WORKING<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>APIT<span class=\"_ _2\"></span>AL MOV<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>T WI<span class=\"_ _5\"></span>TH C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH F<span class=\"_ _5\"></span>LOW F<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N 2022<span class=\"_ _245\"> </span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"> </span>E<span class=\"_ _12\"> </span>LTA</span>WORKING<span class=\"_ _3\"></span> CAPIT<span class=\"_ _2\"></span>AL<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)OPERA<span class=\"_ _8\"></span>TING WORKING CAPIT<span class=\"_ _3\"></span>AL<span class=\"_ _87\"> </span>-<span class=\"_ _8\"></span>506,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>53<span class=\"_ _9d\"> </span><span class=\"ls5a ws63\">-<span class=\"_ _4\"></span>511<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _59\"> </span><span class=\"fc0 ls6b ws78\">4,<span class=\"_ _5\"></span>933</span></span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW CO<span class=\"_ _5\"></span>RR<span class=\"_ _5\"></span>ECT<span class=\"_ _5\"></span>IO<span class=\"_ _5\"></span>NS ON WO<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G CA<span class=\"_ _5\"></span>PI<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>L MOV<span class=\"_ _5\"></span>EMEN<span class=\"_ _5\"></span>TS  OF TH<span class=\"_ _5\"></span>E YE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RAddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sal<span class=\"_ _5\"></span>e<span class=\"_ _2f8\"> </span><span class=\"fc0 ls87 ws95\">-31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97</span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _e7\"> </span><span class=\"fc0\">-5<span class=\"_ _5\"></span>,428</span>Impact financial derivatives included<span class=\"_ _3\"></span> in working capital<span class=\"_ _1ff\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>2</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _273\"> </span><span class=\"fc0 ls89 ws97\">171</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent <span class=\"_ _182\"> </span><span class=\"fc0 ls7e ws8c\">4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3</span>Oth<span class=\"_ _5\"></span>er correc<span class=\"_ _5\"></span>tions<span class=\"_ _2f9\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03</span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW F<span class=\"_ _5\"></span>ROM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N WOR<span class=\"_ _5\"></span>KIN<span class=\"_ _5\"></span>G C<span class=\"_ _5\"></span>AP<span class=\"_ _5\"></span>IT<span class=\"_ _3\"></span>AL<span class=\"_ _195\"> </span><span class=\"fc0 ls6b ws78\">-2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>893</span>For t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _5\"></span>m fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh revo<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e comm<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>am a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>022, that w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d, am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>25 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d is ac<span class=\"_ _5\"></span>comm<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d by 3 ag<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ks) th<span class=\"_ _5\"></span>at p<span class=\"_ _5\"></span>lace D<span class=\"_ _5\"></span>EME d<span class=\"_ _5\"></span>ebt w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>anch<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t size<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>eno<span class=\"_ _5\"></span>rs ran<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om a fe<span class=\"_ _5\"></span>w we<span class=\"_ _5\"></span>ek<span class=\"_ _5\"></span>s up to m<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>imum 1 y<span class=\"_ _5\"></span>ear. The rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 5 dif<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comm<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ial b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, all b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ship b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or D<span class=\"_ _5\"></span>EME<span class=\"_ _5\"></span>. In to<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>, 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR o<span class=\"_ _5\"></span>f unus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cre<span class=\"_ _5\"></span>dit f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le at th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f 2022, fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al cor<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ora<span class=\"_ _5\"></span>te pu<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng al<span class=\"_ _5\"></span>so l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>n be co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o fun<span class=\"_ _5\"></span>d raisi<span class=\"_ _3\"></span>ng worki<span class=\"_ _3\"></span>ng cap<span class=\"_ _3\"></span>ital need<span class=\"_ _3\"></span>s.WORKING<span class=\"_ _3\"></span> CAPIT<span class=\"_ _2\"></span>AL<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _245\"> </span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"> </span>E<span class=\"_ _12\"> </span>LTA</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)NON-CURRENT ASSETS<span class=\"_ _51\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _59\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>52<span class=\"_ _59\"> </span><span class=\"fc0 ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>Non-current financial derivatives (forex/fuel hedges)<span class=\"_ _237\"> </span>209<span class=\"_ _48\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _5\"></span>13<span class=\"_ _43\"> </span><span class=\"fc0 ls16 ws1d\">-404</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _51\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _38\"> </span><span class=\"ls34 ws3e\">4,239<span class=\"_ _59\"> </span><span class=\"fc0 ls147 ws157\">7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>3</span></span>CURRENT ASSETS<span class=\"_ _1ac\"> </span>1,000,590<span class=\"_ _2d\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>26<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _35\"> </span><span class=\"fc0 lsc1 wscd\">17<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Inventories<span class=\"_ _24d\"> </span>25,696<span class=\"_ _23\"> </span><span class=\"ls7e ws8c\">12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _23\"> </span><span class=\"fc0 ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span></span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _2f3\"> </span>344,7<span class=\"_ _8\"></span>51<span class=\"_ _35\"> </span><span class=\"ls58 ws61\">326,<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span><span class=\"fc0 ls56 ws5e\">18<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _1d0\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529<span class=\"_ _2e\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,022<span class=\"_ _33\"> </span><span class=\"fc0 ls3f ws67\">8<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>507</span></span>Curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s (fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>x/<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es)<span class=\"_ _ba\"> </span>4,384<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07<span class=\"_ _27\"> </span><span class=\"fc0 ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _2f4\"> </span>31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _33\"> </span><span class=\"ls7a ws88\">32<span class=\"_ _5\"></span>,45<span class=\"_ _5\"></span>6<span class=\"_ _43\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>459</span></span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _e7\"> </span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _233\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _233\"> </span><span class=\"fc0 ls55 ws5d\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>41</span></span>TOT<span class=\"_ _8\"></span>AL A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S<span class=\"_ _2f5\"> </span>1,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _2e\"> </span><span class=\"ls6b ws78\">8<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>2<span class=\"_ _167\"> </span><span class=\"fc0 ls8 ws8\">1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_\"> </span>9</span></span>NON-CURRENT LIABILITIES<span class=\"_ _2bd\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _31\"> </span><span class=\"ls10 ws14\">24,2<span class=\"_ _3\"></span>60<span class=\"_ _166\"> </span><span class=\"fc0 lsd wsf\">2<span class=\"_ _5\"></span>9,4<span class=\"_ _5\"></span>01</span></span>Non-current financial derivatives (forex/fuel hedges)<span class=\"_ _126\"> </span>5<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _33\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _1d9\"> </span><span class=\"fc0 ls12 ws17\">29,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>01</span></span>CURRENT LIABILITIES<span class=\"_ _e8\"> </span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _7e\"> </span><span class=\"ls5c ws65\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"fc0 ls5b ws64\">14<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>75</span></span>Curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s (fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>x/<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es)<span class=\"_ _12d\"> </span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _3d\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _4\"></span>476<span class=\"_ _22\"> </span><span class=\"fc0 ls7e ws8c\">2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Provisions<span class=\"_ _2f6\"> </span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _127\"> </span><span class=\"fc0 ls7f ws8d\">976</span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _36\"> </span>323,300<span class=\"_ _20\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>95<span class=\"_ _167\"> </span><span class=\"fc0\">142<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5</span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _4e\"> </span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539<span class=\"_ _167\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _83\"> </span><span class=\"fc0 ls36 ws3d\">-28,528</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables<span class=\"_ _2ac\"> </span>777<span class=\"_ _8\"></span>,705<span class=\"_ _2e\"> </span><span class=\"ls37 ws83\">772,<span class=\"_ _3\"></span>905<span class=\"_ _1bf\"> </span><span class=\"fc0 ls38 ws41\">4,800</span></span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _2bd\"> </span><span class=\"ls75 ws82\">98<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _33\"> </span><span class=\"ls58 ws61\">94<span class=\"_ _5\"></span>,026<span class=\"_ _39\"> </span></span><span class=\"fc0\">4,7<span class=\"_ _5\"></span>67</span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _2f7\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>1<span class=\"_ _233\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _26\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _ca\"> </span>8<span class=\"_ _5\"></span>9,982<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _23\"> </span><span class=\"fc0 ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1</span></span>TOT<span class=\"_ _2\"></span>AL LIABILITIE<span class=\"_ _5\"></span>S<span class=\"_ _57\"> </span>1,518<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls33 ws3c\">1,342,<span class=\"_ _3\"></span>668<span class=\"_ _8b\"> </span><span class=\"fc0 lsc1 wscd\">17<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,176</span></span>OPERA<span class=\"_ _8\"></span>TING WORKING CAPIT<span class=\"_ _3\"></span>AL<span class=\"_ _87\"> </span>-<span class=\"_ _8\"></span>506,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>53<span class=\"_ _9d\"> </span><span class=\"ls5a ws63\">-<span class=\"_ _4\"></span>511<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _59\"> </span><span class=\"fc0 ls6b ws78\">4,<span class=\"_ _5\"></span>933</span></span>SHAREHOLDERSCFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>EME\u2019s pr<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ous s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c lis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d to b<span class=\"_ _5\"></span>e a fe<span class=\"_ _5\"></span>llow s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om Jun<span class=\"_ _5\"></span>e 29, 2022, da<span class=\"_ _5\"></span>te of the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CF<span class=\"_ _5\"></span>E NV. CFE NV and D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV h<span class=\"_ _5\"></span>ave bo<span class=\"_ _5\"></span>th Ac<span class=\"_ _5\"></span>kerm<span class=\"_ _5\"></span>ans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>aren N<span class=\"_ _5\"></span>V as t<span class=\"_ _5\"></span>hei<span class=\"_ _5\"></span>r main s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Sin<span class=\"_ _5\"></span>ce 2001, DEME ha<span class=\"_ _5\"></span>s an id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt w<span class=\"_ _5\"></span>ith A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>mans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV an<span class=\"_ _5\"></span>d CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ad<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice de<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>vere<span class=\"_ _5\"></span>d by b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h Acker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van H<span class=\"_ _5\"></span>aar<span class=\"_ _5\"></span>en NV a<span class=\"_ _5\"></span>nd CF<span class=\"_ _5\"></span>E NV<span class=\"_ _3\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed for C<span class=\"_ _5\"></span>FE NV a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>ger, is subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to i<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>exa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on a y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on du<span class=\"_ _5\"></span>e by DE<span class=\"_ _5\"></span>ME in 2022 tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es u<span class=\"_ _5\"></span>pon t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 1,985 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR (<span class=\"_ _5\"></span>AvH:1,323 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR an<span class=\"_ _5\"></span>d CFE<span class=\"_ _5\"></span>: 662 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>; in co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1,235 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach i<span class=\"_ _5\"></span>n 2021<span class=\"_ _2\"></span>).Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, DEM<span class=\"_ _5\"></span>E rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>t IP<span class=\"_ _5\"></span>O fr<span class=\"_ _5\"></span>om CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1,<span class=\"_ _2\"></span>106 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. On t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d, DEME i<span class=\"_ _5\"></span>nvoi<span class=\"_ _5\"></span>ced a<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>nd 164 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R to i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d fel<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to I<span class=\"_ _5\"></span>T lice<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces (2021<span class=\"_ _8\"></span>: 877 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 25 \u2013 <span class=\"_ _5\"></span>RIG<span class=\"_ _5\"></span>HTS <span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>D COMM<span class=\"_ _5\"></span>ITM<span class=\"_ _5\"></span>ENTS <span class=\"_ _5\"></span>NOT R<span class=\"_ _5\"></span>EFLECTED IN T<span class=\"_ _5\"></span>HE BA<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CE S<span class=\"_ _5\"></span>HEE<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>COMMITMENTS GIVENAmo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f re<span class=\"_ _5\"></span>al guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s, gi<span class=\"_ _5\"></span>ven o<span class=\"_ _5\"></span>r irr<span class=\"_ _5\"></span>evo<span class=\"_ _5\"></span>cab<span class=\"_ _5\"></span>ly p<span class=\"_ _5\"></span>romi<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>ir ow<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f ent<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s -<span class=\"_ _19a\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>81<span class=\"_ _5\"></span> </span>included in<span class=\"_ _3\"></span> the consolidation.Ban<span class=\"_ _5\"></span>k and in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>ance gu<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on.<span class=\"_ _1b7\"> </span><span class=\"ls8b ws99\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _166\"> </span><span class=\"ls78 ws86\">1,411,27<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>COMMITMENTS RE<span class=\"_ _3\"></span>CEIVEDBan<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>uri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y for c<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s to e<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the 12<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span> </span>consolidation.FUTURE OPERA<span class=\"_ _8\"></span>TION<span class=\"_ _5\"></span>AL OBLIGA<span class=\"_ _8\"></span>TIONS ENTERED INTO<span class=\"_ _8\"></span> WITH SUPPLIERSIn the e<span class=\"_ _5\"></span>nvir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent DEM<span class=\"_ _5\"></span>E has t<span class=\"_ _5\"></span>he ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n to pay a f<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>ndf<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>l volum<span class=\"_ _5\"></span>e  <span class=\"_ _0\"></span>r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>ver th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t 8 ye<span class=\"_ _5\"></span>ars f<span class=\"_ _5\"></span>or an e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d amou<span class=\"_ _5\"></span>nt of 9.<span class=\"_ _8\"></span>1 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR.NOTE 27 \u2013 AUDITOR <span class=\"_ _5\"></span>REM<span class=\"_ _5\"></span>UN<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _5\"></span>IONBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>aid to t<span class=\"_ _5\"></span>he au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s by D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p NV an<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed su<span class=\"_ _5\"></span>bsi<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bel<span class=\"_ _5\"></span>ow. A dis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on (b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h in ab<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>igur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd in p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e) is mad<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n fe<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>aid by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to th<span class=\"_ _5\"></span>e <span class=\"ff73 ls184 ws19b\">st<span class=\"_ _5\"></span>atutor<span class=\"_ _5\"></span>y</span> au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V and f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s pa<span class=\"_ _5\"></span>id to <span class=\"ff73 ls116 ws9d\">other</span> au<span class=\"_ _5\"></span>dit f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. For t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2021<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te a<span class=\"_ _5\"></span>nd E<span class=\"_ _5\"></span>Y wer<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y ap<span class=\"_ _5\"></span>poi<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E NV (<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the pub<span class=\"_ _5\"></span>lic li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ting o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup). Fo<span class=\"_ _5\"></span>r the f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ye<span class=\"_ _5\"></span>ar 2022, E<span class=\"_ _5\"></span>Y be<span class=\"_ _5\"></span>cam<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>le s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>udi<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>.EY<span class=\"_ _f2\"> </span><span class=\"ls1d5 ws1fc\">O<span class=\"_ _5\"></span>thers<span class=\"_ _179\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Amount<span class=\"_ _27d\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%</span>Audit<span class=\"_ _8\"></span> fees<span class=\"_ _2fd\"> </span>999 <span class=\"_ _14f\"> </span><span class=\"ls37 ws83\">40.0%<span class=\"_ _ae\"> </span><span class=\"ls78 ws86\">1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e4\"> </span></span>60.0%<span class=\"_ _73\"> </span><span class=\"ff72 ls16 ws1d\">2,499<span class=\"_ _3\"></span> </span></span>T<span class=\"_ _2\"></span>ax advi<span class=\"_ _8\"></span>sor<span class=\"_ _5\"></span>y se<span class=\"_ _3\"></span>rvices<span class=\"_ _300\"> </span>368<span class=\"_ _b1\"> </span>23<span class=\"_ _5\"></span>.5%<span class=\"_ _c7\"> </span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span> <span class=\"_ _89\"> </span><span class=\"ls7f ws8d\">76.<span class=\"_ _5\"></span>5%<span class=\"_ _ae\"> </span><span class=\"ff72 ls6b ws78\">1,5<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> </span></span>Other non-audit ser<span class=\"_ _5\"></span>vices<span class=\"_ _1d7\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _da\"> </span>2<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>4%<span class=\"_ _1df\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>15<span class=\"_ _5\"></span> <span class=\"_ _c8\"> </span><span class=\"ls83 ws91\">9<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _28a\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>1,4<span class=\"_ _4\"></span>67 <span class=\"_ _89\"> </span>17.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>%<span class=\"_ _1df\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>714<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls68 ws73\">8<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>%<span class=\"_ _c7\"> </span><span class=\"ls8 ws8\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span> </span></span>The amount<span class=\"_ _8\"></span> of additional (<span class=\"_ _3\"></span>non-)<span class=\"_ _8\"></span> audit ser<span class=\"_ _5\"></span>vices provided by<span class=\"_ _3\"></span> the <span class=\"lsb1 wsbe\">statutory<span class=\"ls3 ws3\"> au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or an<span class=\"_ _5\"></span>d pe<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>ofe<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to h<span class=\"_ _5\"></span>im are i<span class=\"_ _5\"></span>n line </span></span>wi<span class=\"_ _5\"></span>th ar<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>le 3:<span class=\"_ _5\"></span>64 an<span class=\"_ _5\"></span>d 65 of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>de o<span class=\"_ _5\"></span>f Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s and ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Audi<span class=\"_ _5\"></span>t Com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e in a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>ey mai<span class=\"_ _5\"></span>nly relate to<span class=\"_ _8\"></span> rendere<span class=\"_ _5\"></span>d tax services<span class=\"_ _5\"></span>, ad-hoc attest<span class=\"_ _5\"></span>ations and add<span class=\"_ _3\"></span>itional audit w<span class=\"_ _3\"></span>orks per<span class=\"_ _5\"></span>forme<span class=\"_ _5\"></span>d relating<span class=\"_ _8\"></span> to the IPO.The o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>aud<span class=\"_ _5\"></span>it s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed by o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t bei<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>uto<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or o<span class=\"_ _5\"></span>f DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV, mainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>te to consulting services regarding<span class=\"_ _8\"></span> the procurement transformation project (i<span class=\"_ _3\"></span>ncluding<span class=\"_ _3\"></span> a compl<span class=\"_ _3\"></span>iance<span class=\"_ _3\"></span> component)<span class=\"_ _3\"></span> star<span class=\"_ _5\"></span>ted in 2<span class=\"_ _3\"></span>02<span class=\"_ _8\"></span>1.<span class=\"_ _8\"></span> KEY MANA<span class=\"_ _8\"></span>GEMENT PE<span class=\"_ _3\"></span>RSONNELDEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V has a \u201con<span class=\"_ _5\"></span>e ti<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u201d g<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ce s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f a Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s (as coll<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>iate b<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>y). Th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s is ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the p<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>er to p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m all ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt for those actions that are<span class=\"_ _3\"></span> specif<span class=\"_ _5\"></span>ically reserved by law for<span class=\"_ _8\"></span> the Shareholders<span class=\"_ _5\"></span>\u2019 Meeting.On Ju<span class=\"_ _5\"></span>ne 29, 2022, t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>oar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s ha<span class=\"_ _5\"></span>s del<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d the <span class=\"ff73 ls15d ws172\">daily management</span> of the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee to t<span class=\"_ _5\"></span>he CEO. Th<span class=\"_ _5\"></span>e CEO is s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f his m<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>te by t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">advisory committee</span> (se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s). The E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ive C<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e, cha<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e CEO, i<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt of the Group.For h<span class=\"_ _5\"></span>is ro<span class=\"_ _5\"></span>le as E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, L<span class=\"_ _5\"></span>uc Vand<span class=\"_ _5\"></span>enb<span class=\"_ _5\"></span>ulc<span class=\"_ _5\"></span>ke rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le re<span class=\"_ _5\"></span>mun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of 1,8<span class=\"_ _5\"></span>62 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R in 2022 (202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>: 1,5<span class=\"_ _3\"></span>76 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>. Repr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ho ar<span class=\"_ _5\"></span>e mem<span class=\"_ _5\"></span>ber<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s, Au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t Comm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e and R<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee are o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d sin<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e pub<span class=\"_ _5\"></span>lic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration of the<span class=\"_ _3\"></span> directors<span class=\"_ _1bc\"> </span><span class=\"lse ws12\">360<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f DEME Gr<span class=\"_ _5\"></span>oup<span class=\"_ _2fd\"> </span><span class=\"ls82 ws90\">360<span class=\"_ _2d1\"> </span></span>-Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e CEO<span class=\"_ _2e0\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _145\"> </span><span class=\"ls88 ws96\">1,<span class=\"_ _5\"></span>576</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>43<span class=\"_ _97\"> </span><span class=\"ls4b ws53\">33<span class=\"_ _5\"></span>0</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1ae\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">1,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>4</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _2fe\"> </span><span class=\"ls84 ws92\">62<span class=\"_ _153\"> </span><span class=\"ls35 ws43\">50</span></span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _282\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _2e5\"> </span>3</span>Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e me<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Com<span class=\"_ _5\"></span>mi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee (e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng CEO)<span class=\"_ _f3\"> </span><span class=\"ls3f ws67\">5,<span class=\"_ _5\"></span>676<span class=\"_ _186\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>81</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _29f\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _121\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1c8\"> </span><span class=\"lsd9 wse4\">3,937<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">2,984</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _1ac\"> </span><span class=\"ls7b ws89\">463<span class=\"_ _97\"> </span>383</span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _2ff\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _192\"> </span><span class=\"ls56 ws5e\">18</span></span>Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly D<span class=\"_ _5\"></span>EME i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g a new o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ice b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g. E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>one b<span class=\"_ _5\"></span>y a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>22<span class=\"_ _3\"></span>1 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R ar<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>.NOTE 28 <span class=\"_ _5\"></span>\u2013 EV<span class=\"_ _5\"></span>ENT<span class=\"_ _5\"></span>S AF<span class=\"_ _5\"></span>TE<span class=\"_ _5\"></span>R TH<span class=\"_ _5\"></span>E REP<span class=\"_ _5\"></span>OR<span class=\"_ _5\"></span>TIN<span class=\"_ _5\"></span>G PER<span class=\"_ _5\"></span>IODWithin the C<span class=\"_ _3\"></span>oncessions segment, the Group contin<span class=\"_ _3\"></span>ues to work<span class=\"_ _3\"></span> on the Global Sea<span class=\"_ _3\"></span> Mineral Resources<span class=\"_ _3\"></span> (GSR)<span class=\"_ _8\"></span> initiative, which is hel<span class=\"_ _3\"></span>ping to ta<span class=\"_ _5\"></span>ck<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e sc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>cit<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f our p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>\u2019s re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d is co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nuin<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>earc<span class=\"_ _5\"></span>h int<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of c<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng me<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l-<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ch, p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>met<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ic no<span class=\"_ _5\"></span>dule<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>ep o<span class=\"_ _5\"></span>cea<span class=\"_ _5\"></span>n fl<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n Feb<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 2023, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup a<span class=\"_ _5\"></span>nno<span class=\"_ _5\"></span>unce<span class=\"_ _5\"></span>d a s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gic co<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cea<span class=\"_ _5\"></span>n Ltd. (N<span class=\"_ _5\"></span>YSE<span class=\"_ _5\"></span>: RI<span class=\"_ _5\"></span>G) wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>by T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an ul<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>epw<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>er dr<span class=\"_ _5\"></span>illin<span class=\"_ _5\"></span>g ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el an<span class=\"_ _5\"></span>d a ca<span class=\"_ _5\"></span>sh inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.The<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s to be r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l and c<span class=\"_ _5\"></span>omm<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ial si<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022.Deloitte<span class=\"_ _27f\"> </span>EY<span class=\"_ _f2\"> </span><span class=\"ls1d5 ws1fc\">O<span class=\"_ _5\"></span>thers<span class=\"_ _179\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _4\"></span>l</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Amount<span class=\"_ _27d\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%</span>Audit<span class=\"_ _8\"></span> fees<span class=\"_ _fb\"> </span>1,<span class=\"_ _5\"></span>05<span class=\"_ _5\"></span>9 <span class=\"_ _111\"> </span>4<span class=\"_ _5\"></span>7.1<span class=\"_ _5\"></span>%<span class=\"_ _78\"> </span>35<span class=\"_ _5\"></span>8<span class=\"_ _b1\"> </span>1<span class=\"_ _3\"></span>5.9%<span class=\"_ _77\"> </span>8<span class=\"_ _5\"></span>33<span class=\"_ _111\"> </span><span class=\"ls83 ws91\">3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _15c\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>,25<span class=\"_ _5\"></span>0 </span></span>T<span class=\"_ _2\"></span>ax advi<span class=\"_ _8\"></span>sor<span class=\"_ _5\"></span>y se<span class=\"_ _3\"></span>rvices<span class=\"_ _131\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _15f\"> </span>9<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>%<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>57<span class=\"_ _b1\"> </span>26.9%<span class=\"_ _77\"> </span>839<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">63.<span class=\"_ _5\"></span>4%<span class=\"_ _ae\"> </span><span class=\"ff72 ls6b ws78\">1,3<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span> </span></span>Other non-audit ser<span class=\"_ _5\"></span>vices<span class=\"_ _1d2\"> </span>78<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">1<span class=\"_ _5\"></span>.7%<span class=\"_ _1e7\"> </span><span class=\"ls79 ws87\">72<span class=\"_ _da\"> </span><span class=\"ls7d ws8b\">1.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _15c\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>,394 <span class=\"_ _89\"> </span></span></span></span>96<span class=\"_ _4\"></span>.7<span class=\"_ _5\"></span>%<span class=\"_ _74\"> </span><span class=\"ff72 ls3 ws3\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>4 </span></span>1,2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6 <span class=\"_ _1e4\"> </span>15<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _235\"> </span>787<span class=\"_ _159\"> </span>9.7<span class=\"_ _5\"></span>%<span class=\"_ _73\"> </span>6,066 <span class=\"_ _14f\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>%<span class=\"_ _c7\"> </span><span class=\"ls8 ws8\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span></span>In 2021<span class=\"_ _8\"></span>, a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly t<span class=\"_ _5\"></span>o the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>ut a s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>e for guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n a new t<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>sur<span class=\"_ _4\"></span>y s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>tem f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-2": {
   "value": "SEGMENT REPORTINGCONCES<span class=\"_ _3\"></span>SIONSThe Concessions segment, unl<span class=\"_ _3\"></span>ike<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>ting se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in an<span class=\"_ _5\"></span>d devel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, por<span class=\"_ _4\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture, g<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>n hydro<span class=\"_ _5\"></span>gen a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial project<span class=\"_ _5\"></span>s. It operates through participations in<span class=\"_ _3\"></span> special purpose companies \u2013 greenfield and<span class=\"_ _8\"></span> brow<span class=\"_ _5\"></span>nfield. Besides creating economi<span class=\"_ _3\"></span>c value on<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts project<span class=\"_ _5\"></span>s and generating<span class=\"_ _8\"></span> equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>s on it<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>ims to secure regular<span class=\"_ _8\"></span> ac<span class=\"_ _5\"></span>tivi<span class=\"_ _5\"></span>ties for the<span class=\"_ _3\"></span> Group contracting ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e EPC p<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>in it<span class=\"_ _5\"></span>s concessions activities<span class=\"_ _5\"></span>, the Group<span class=\"_ _3\"></span> holds also conc<span class=\"_ _3\"></span>essions of s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>eas w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h cont<span class=\"_ _5\"></span>ain p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ym<span class=\"_ _5\"></span>eta<span class=\"_ _5\"></span>llic n<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>les and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>ops a t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y to coll<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss these polymet<span class=\"_ _5\"></span>allic<span class=\"_ _3\"></span> nodules containi<span class=\"_ _3\"></span>ng nick<span class=\"_ _8\"></span>el, cobalt, manga<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d cop<span class=\"_ _5\"></span>per f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eep o<span class=\"_ _5\"></span>cean f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Each of the<span class=\"_ _3\"></span> four above<span class=\"_ _3\"></span>mentioned segments has its own mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>, ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t bas<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l and is m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>ed separately requiring d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ferent strategies. Dredging &amp; Infra activities are complementary as the ma<span class=\"_ _3\"></span>rine inf<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at DEM<span class=\"_ _5\"></span>E Inf<span class=\"_ _5\"></span>ra un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>akes a<span class=\"_ _5\"></span>re of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing or l<span class=\"_ _5\"></span>and re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on sco<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>. The O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d in and ser<span class=\"_ _4\"></span>ves t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y indu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y, bot<span class=\"_ _5\"></span>h rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and oi<span class=\"_ _5\"></span>l &amp; gas s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Envi<span class=\"_ _5\"></span>ronm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent focuses on environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>olutions. The Concessions segment, unlik<span class=\"_ _3\"></span>e the c<span class=\"_ _3\"></span>ontracting segments<span class=\"_ _5\"></span>, invests in and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ure, gre<span class=\"_ _5\"></span>en hydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>n and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r spe<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The segment reporting comprises financial i<span class=\"_ _3\"></span>nformation of these four segments that a<span class=\"_ _3\"></span>re separate operating se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. O<span class=\"_ _5\"></span>n a quar<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s, s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>te op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>epar<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted t<span class=\"_ _5\"></span>o the Ch<span class=\"_ _5\"></span>ief Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n maker, the DEME E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Commi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting, some activit<span class=\"_ _5\"></span>y lines, that<span class=\"_ _3\"></span> are th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>wes<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>vel of r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin DEME<span class=\"_ _5\"></span>,<span class=\"ff6a\"> </span>are a<span class=\"_ _5\"></span>ggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f CTOW (mari<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>ls) and DB<span class=\"_ _5\"></span>M (mari<span class=\"_ _5\"></span>ne aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss) ar<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d by S<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>dis (s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>vag<span class=\"_ _5\"></span>e works) are agg<span class=\"_ _3\"></span>regated in<span class=\"_ _3\"></span> the Of<span class=\"_ _5\"></span>fshore Energy segment.The reporting of the manage<span class=\"_ _3\"></span>ment accou<span class=\"_ _3\"></span>nts (reporting on op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>sult<span class=\"_ _5\"></span>s) is an i<span class=\"_ _5\"></span>nteg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al repor<span class=\"_ _5\"></span>ting. A<span class=\"_ _8\"></span>t any time, the<span class=\"_ _8\"></span> consolidated management rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onci<span class=\"_ _5\"></span>led w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial statements<span class=\"_ _5\"></span>, both resulting i<span class=\"_ _3\"></span>n the same IF<span class=\"_ _3\"></span>RS net res<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year (as su<span class=\"_ _5\"></span>ch on<span class=\"_ _5\"></span>e ver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>uth).DESCRIP<span class=\"_ _5\"></span>TION OF OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSDEME h<span class=\"_ _5\"></span>as evo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d into a g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e solutions provider organ<span class=\"_ _3\"></span>ised around four<span class=\"_ _8\"></span> dis<span class=\"_ _5\"></span>tinct se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. F<span class=\"_ _5\"></span>or man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s orga<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>to fo<span class=\"_ _5\"></span>ur bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss un<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The f<span class=\"_ _5\"></span>our r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re:OFFSHORE<span class=\"_ _3\"></span> ENERGYThis segment pro<span class=\"_ _3\"></span>vides engineering a<span class=\"_ _3\"></span>nd contracting ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces gl<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y in the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore r<span class=\"_ _5\"></span>enew<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oil &amp; ga<span class=\"_ _5\"></span>s indu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y. Thos<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ciali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup is invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e full B<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f Plan<span class=\"_ _5\"></span>t sco<span class=\"_ _5\"></span>pe f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>eer<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>, pr<span class=\"_ _5\"></span>ocu<span class=\"_ _5\"></span>reme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, construc<span class=\"_ _5\"></span>tion and i<span class=\"_ _3\"></span>nstallation of foundations, t<span class=\"_ _3\"></span>urbines, inte<span class=\"_ _5\"></span>r-array c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>. The Group al<span class=\"_ _3\"></span>so of<span class=\"_ _5\"></span>fers operations and mai<span class=\"_ _3\"></span>ntenance,<span class=\"_ _3\"></span> lo<span class=\"_ _5\"></span>gis<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>air an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>commi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ioni<span class=\"_ _5\"></span>ng as w<span class=\"_ _5\"></span>ell as sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e marke<span class=\"_ _5\"></span>t. I<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>il &amp; gas in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rms l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>fall<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, roc<span class=\"_ _5\"></span>k placement, heavy lift<span class=\"_ _5\"></span>, umbili<span class=\"_ _3\"></span>cals, as well<span class=\"_ _3\"></span> as installation and d<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>mmis<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ning s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tion t<span class=\"_ _5\"></span>o the<span class=\"_ _5\"></span>se main ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g ge<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e installation of suction pile<span class=\"_ _3\"></span> anchors and found<span class=\"_ _3\"></span>ations. DREDGING &amp;<span class=\"_ _8\"></span> INFR<span class=\"_ _5\"></span>AIn thi<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rms a w<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y of dredging<span class=\"_ _3\"></span> activi<span class=\"_ _5\"></span>ties worldwide, includi<span class=\"_ _3\"></span>ng capital and maintenance dredging<span class=\"_ _5\"></span>, land reclamation<span class=\"_ _5\"></span>, soil improvement, port construc<span class=\"_ _5\"></span>tion, coastal protection and beach nou<span class=\"_ _3\"></span>rishment works. These ac<span class=\"_ _5\"></span>tivities are execut<span class=\"_ _8\"></span>ed with speci<span class=\"_ _3\"></span>alised<span class=\"_ _8\"></span> dredging<span class=\"_ _8\"></span> vessels and<span class=\"_ _8\"></span> var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ty<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>s of a<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>iliar<span class=\"_ _4\"></span>y ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>mov<span class=\"_ _5\"></span>ing equipment. The Group<span class=\"_ _8\"></span> also provides contracting ser<span class=\"_ _5\"></span>vices for marine<span class=\"_ _3\"></span> infrastruc<span class=\"_ _5\"></span>ture projects<span class=\"_ _5\"></span>. This<span class=\"_ _8\"></span> includes the engi<span class=\"_ _3\"></span>neering, design and construction of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ex mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>res s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s jet<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s, l<span class=\"_ _5\"></span>ock<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd we<span class=\"_ _5\"></span>irs<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tura<span class=\"_ _5\"></span>l wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s such as bored a<span class=\"_ _3\"></span>nd immersed tunnel<span class=\"_ _3\"></span>s, foundation and<span class=\"_ _8\"></span> marine works for bridges or othe<span class=\"_ _3\"></span>r constructions in a mar<span class=\"_ _5\"></span>ine or f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>al env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, a<span class=\"_ _5\"></span>nd ci<span class=\"_ _5\"></span>vil w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or harbour cons<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>on, dams and sea def<span class=\"_ _5\"></span>ences, c<span class=\"_ _5\"></span>anal construc<span class=\"_ _5\"></span>tion, revetment, quay wall<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion and shore protection. In addition, the Grou<span class=\"_ _3\"></span>p is active in<span class=\"_ _3\"></span> the marine aggr<span class=\"_ _5\"></span>egate busine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, which include<span class=\"_ _5\"></span>s dredging<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ng, s<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge and t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tes<span class=\"_ _5\"></span>. Fi<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p prov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>es mar<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.ENVIRONMENT<span class=\"_ _6\"></span>ALThe En<span class=\"_ _3\"></span>vironmental segment focuses on<span class=\"_ _3\"></span> innovative environmental<span class=\"_ _3\"></span> solutions for soil remedi<span class=\"_ _3\"></span>ation and brownfield redevelopment, environmental<span class=\"_ _3\"></span> dredging and sediment trea<span class=\"_ _3\"></span>tment and wat<span class=\"_ _3\"></span>er treatment. It is<span class=\"_ _8\"></span> mainl<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in t<span class=\"_ _5\"></span>he Be<span class=\"_ _5\"></span>nel<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>, Fra<span class=\"_ _5\"></span>nce, a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as in ot<span class=\"_ _5\"></span>her European<span class=\"_ _3\"></span> countries on a<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>- by-project basis. An ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>l par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in t<span class=\"_ _5\"></span>he Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>s a mate<span class=\"_ _5\"></span>rial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>d agg<span class=\"_ _5\"></span>reg<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d leve<span class=\"_ _5\"></span>l of sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies with non-controlling interests of 25.<span class=\"_ _6\"></span>1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s com<span class=\"_ _5\"></span>pany s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e is mo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, bu<span class=\"_ _5\"></span>t not comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tely, buil<span class=\"_ _5\"></span>t aro<span class=\"_ _5\"></span>und t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rent s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>t is po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t a comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ing pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>ging &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra an<span class=\"_ _5\"></span>d Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d als<span class=\"_ _5\"></span>o on<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an tr<span class=\"_ _5\"></span>igg<span class=\"_ _5\"></span>er cos<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me in di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p worldwide. The DEME<span class=\"_ _3\"></span> operational and m<span class=\"_ _3\"></span>anagement st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r is ali<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th the D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal segments as well as<span class=\"_ _3\"></span> the manage<span class=\"_ _3\"></span>ment reporting that is based on a w<span class=\"_ _3\"></span>orldwide uniform analytical accounting sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>naly<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t by co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny<span class=\"_ _3\"></span>, tha<span class=\"_ _5\"></span>t give<span class=\"_ _5\"></span>s a bre<span class=\"_ _5\"></span>akdow<span class=\"_ _5\"></span>n by pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cent<span class=\"_ _5\"></span>er<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>s the b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s for the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n alw<span class=\"_ _5\"></span>ays b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>d with the income<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatement of the c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span>.For p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich t<span class=\"_ _5\"></span>wo s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d (for ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce an o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e), the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>eir ow<span class=\"_ _5\"></span>n sha<span class=\"_ _5\"></span>re in re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e and result. When one<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment is working<span class=\"_ _3\"></span> for another segment as a<span class=\"_ _3\"></span> subcontractor or when a segment<span class=\"_ _3\"></span> hires equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt to us<span class=\"_ _5\"></span>e on p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is de<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ated t<span class=\"_ _5\"></span>o ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this i<span class=\"_ _5\"></span>s remun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s len<span class=\"_ _5\"></span>gth b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>. Inter<span class=\"_ _3\"></span>-se<span class=\"_ _5\"></span>gment revenues<span class=\"ls3 ws3\"> are inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s of </span>the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g the w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>, b<span class=\"_ _5\"></span>ut a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s invoic<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nal cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>omer. Currently int<span class=\"_ _3\"></span>ercompany<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ales for major<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent (dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s; o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s) so t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no inter<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>segment revenue to repor<span class=\"_ _5\"></span>t on separa<span class=\"_ _5\"></span>tely<span class=\"_ _3\"></span>.For each segment<span class=\"_ _8\"></span> the turnover<span class=\"_ _8\"></span>, EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>, depreciation and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd EBI<span class=\"_ _5\"></span>T is re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>ted<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the Concessions segment these measures<span class=\"_ _3\"></span> of perf<span class=\"_ _5\"></span>ormance are only a<span class=\"_ _3\"></span>pplicable to<span class=\"_ _3\"></span> the subsidia<span class=\"_ _3\"></span>ries (fully c<span class=\"_ _3\"></span>onsolidated ent<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>his s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent). A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sof th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent is o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing in a minority stake in participations, the operating result<span class=\"_ _3\"></span> of th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om associates and joint<span class=\"_ _3\"></span> ventures t<span class=\"_ _3\"></span>hat is a<span class=\"_ _3\"></span>lso segmented.The basis for<span class=\"_ _3\"></span> the segment reporting is the m<span class=\"_ _3\"></span>anagement rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o all ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es do<span class=\"_ _5\"></span>ne by o<span class=\"_ _5\"></span>ur subsidiaries, the ma<span class=\"_ _3\"></span>nagement report also includes the<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ted by j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>, sh<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e DEME\u2019s shar<span class=\"_ _5\"></span>e of re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. This propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method whereby the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are in t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e, is no<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d under IFRS for<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Management<span class=\"_ _3\"></span> however h<span class=\"_ _3\"></span>as to mo<span class=\"_ _5\"></span>nito<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s, b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol as in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e. In t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent repor<span class=\"_ _5\"></span>ting the jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures are c<span class=\"_ _3\"></span>onsolidated acc<span class=\"_ _3\"></span>ording to the proportionate consolidation<span class=\"_ _3\"></span> method and the<span class=\"_ _3\"></span> intercompan<span class=\"_ _8\"></span>y transac<span class=\"_ _5\"></span>tions between the joint vent<span class=\"_ _3\"></span>ures and D<span class=\"_ _5\"></span>EME sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of propor<span class=\"_ _5\"></span>tionate c<span class=\"_ _3\"></span>onsolidation. The total<span class=\"_ _3\"></span> of the reported segment amounts is reconc<span class=\"_ _3\"></span>iled with the c<span class=\"_ _3\"></span>orresponding amounts in the<span class=\"_ _3\"></span> DEME con<span class=\"_ _3\"></span>solidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. The S<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up (IFR<span class=\"_ _5\"></span>S ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t) is no<span class=\"_ _5\"></span>t af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation method, on<span class=\"_ _3\"></span>ly the presentation of the result of<span class=\"_ _3\"></span> the year<span class=\"_ _3\"></span> is different.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d associates, the reconciliation<span class=\"_ _3\"></span> column<span class=\"_ _3\"></span> includes the<span class=\"_ _3\"></span> net result and carrying amount of<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures that are consolidat<span class=\"_ _3\"></span>ed according<span class=\"_ _8\"></span> to the equity method in the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s but a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is ma<span class=\"_ _5\"></span>de to n<span class=\"_ _5\"></span>ote (8) for m<span class=\"_ _5\"></span>ore information about joint<span class=\"_ _8\"></span> ventures and associates.DEME\u2019s man<span class=\"_ _5\"></span>agem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fo<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e (fi<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al) p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance a<span class=\"_ _5\"></span>nd on t<span class=\"_ _5\"></span>he curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s depl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of projects<span class=\"_ _5\"></span>. The financing a<span class=\"_ _3\"></span>ctiv<span class=\"_ _5\"></span>ities and monitoring<span class=\"_ _3\"></span> of ou<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>med c<span class=\"_ _5\"></span>entr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y at DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p leve<span class=\"_ _5\"></span>l, an<span class=\"_ _5\"></span>d ther<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore n<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial information is presented<span class=\"_ _3\"></span> for those activi<span class=\"_ _5\"></span>ties.The <span class=\"lse ws12\">s<span class=\"_ _5\"></span>egmentation of DE<span class=\"_ _3\"></span>ME\u2019<span class=\"_ _3\"></span>s fleet<span class=\"ls3 ws3\"> is do<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d </span></span>upo<span class=\"_ _5\"></span>n the na<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t de<span class=\"_ _5\"></span>dica<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et per n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>e is at<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in the a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>eet i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E as i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls are c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>inuo<span class=\"_ _5\"></span>usl<span class=\"_ _5\"></span>y working on different project<span class=\"_ _5\"></span>s around t<span class=\"_ _3\"></span>he world.FINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-3": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. The<span class=\"ff6a ls16 ws1d\"> operating<span class=\"_ _3\"></span> result<span class=\"ff61 ls3 ws3\"> or EBIT in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n </span></span>EUR bu<span class=\"_ _5\"></span>t the EB<span class=\"_ _5\"></span>IT ma<span class=\"_ _5\"></span>rgin r<span class=\"_ _5\"></span>emain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame, d<span class=\"_ _5\"></span>ue to a high<span class=\"_ _5\"></span>er numb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l do<span class=\"_ _5\"></span>cki<span class=\"_ _5\"></span>ngs an<span class=\"_ _5\"></span>d over<span class=\"_ _5\"></span>haul<span class=\"_ _5\"></span>s, inflation, consumables a<span class=\"_ _3\"></span>nd commodity price in<span class=\"_ _3\"></span>creases. The <span class=\"ff6a ls16 ws1d\">depreciation expenses </span>incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to the n<span class=\"_ _5\"></span>ew ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>, \u2018S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 and \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>oen<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>\u2019. On the oth<span class=\"_ _5\"></span>er han<span class=\"_ _5\"></span>d, n<span class=\"_ _5\"></span>o signi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant <span class=\"ff6a ls34 ws3e\">impair<span class=\"_ _5\"></span>ments</span> are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed in 2022 while in 2021<span class=\"_ _8\"></span>, 35 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s were included. <span class=\"ff6a ls16 ws1d\">Other operating<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpenses<span class=\"ff61 ls3 ws3\"> decr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 20 </span></span>million EUR and will be fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her exp<span class=\"_ _5\"></span>lained in the note<span class=\"_ _5\"></span>s.Concessions, Other 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _20f\"> </span>4,096<span class=\"_ _1ee\"> </span>4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _21e\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _9d\"> </span><span class=\"ls1c ws26\">37<span class=\"_ _5\"></span>1<span class=\"_ _2b\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>5</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _27e\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _14e\"> </span><span class=\"lsa wsb\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span>1,<span class=\"_ _5\"></span>324</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853<span class=\"_ _2b\"> </span></span>-<span class=\"_ _91\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _257\"> </span>5,<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>34,4<span class=\"_ _5\"></span>08<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">13,588<span class=\"_ _af\"> </span><span class=\"ls57 ws60\">53,<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>6</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _27f\"> </span>4,096<span class=\"_ _27d\"> </span><span class=\"lsc1 wscd\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span></span>9,078<span class=\"_ _1ee\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _1a3\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _14e\"> </span><span class=\"ls57 ws60\">3,056<span class=\"_ _e0\"> </span></span>885<span class=\"_ _213\"> </span><span class=\"ls82 ws90\">3,9<span class=\"_ _5\"></span>42</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _f7\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-15<span class=\"_ _4\"></span>6<span class=\"_ _179\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _27d\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>94<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>9,52<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _1a3\"> </span>-<span class=\"_ _af\"> </span>22<span class=\"_ _5\"></span>,30<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"lsf ws13\">3<span class=\"_ _5\"></span>,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _13c\"> </span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _1ee\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>26<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,644<span class=\"_ _1ee\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SAmor<span class=\"_ _5\"></span>tisation charge of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 lsb1 wsbe\"> is recognised under \u2018depreciation<span class=\"_ _8\"></span> and amor<span class=\"_ _5\"></span>tisation expense<span class=\"_ _5\"></span>s\u2019 in the c<span class=\"_ _3\"></span>onsolidated income<span class=\"_ _3\"></span> statement </span>for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.Concessions,<span class=\"ls3 ws3\"> </span>Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _134\"> </span>4,<span class=\"_ _5\"></span>007<span class=\"_ _27d\"> </span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>57<span class=\"_ _14e\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _1ee\"> </span><span class=\"ls4c ws5f\">6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>527</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _280\"> </span>-<span class=\"_ _14e\"> </span>1,620<span class=\"_ _95\"> </span><span class=\"ls36 ws3d\">288<span class=\"_ _213\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _1c6\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _2d\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _8f\"> </span></span>-1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _7c\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _14e\"> </span><span class=\"ls84 ws92\">4<span class=\"_ _5\"></span>,065<span class=\"_ _213\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _27f\"> </span>4,004<span class=\"_ _af\"> </span>23,625<span class=\"_ _213\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">35,<span class=\"_ _5\"></span>592</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _20c\"> </span>3<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _ce\"> </span><span class=\"ls8b ws99\">474<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>413</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _16e\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>5<span class=\"_ _c0\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _15a\"> </span></span>-1<span class=\"_ _4\"></span>,12<span class=\"_ _7\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _cc\"> </span>-<span class=\"_ _5\"></span>660<span class=\"_ _9d\"> </span><span class=\"ls8b ws99\">674<span class=\"_ _32\"> </span><span class=\"ls56 ws5e\">14</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span><span class=\"ls3 ws3\">9,078<span class=\"_ _93\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _20c\"> </span>3<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>932<span class=\"_ _2b\"> </span></span>-<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>5</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _23d\"> </span>-<span class=\"_ _af\"> </span>22,<span class=\"_ _5\"></span>308<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"ff70 lsb1 wsbe\"> is<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised under<span class=\"_ _3\"></span> \u2018depreciation a<span class=\"_ _3\"></span>nd amortisation exp<span class=\"_ _5\"></span>enses\u2019 in the consolidated<span class=\"_ _3\"></span> income statement for<span class=\"_ _3\"></span> an </span>amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he ea<span class=\"_ _5\"></span>rli<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t is reached.Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>The <span class=\"ff73 ls15d ws172\">depreciation<span class=\"_ _8\"></span> cost <span class=\"ff70 ls3 ws3\">of 2022 in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>es 0<span class=\"_ _5\"></span>.4 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. </span></span>Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r <span class=\"_ _6\"></span> Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _13c\"> </span>90,204<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _af\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _10c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _7e\"> </span><span class=\"ls79 ws87\">8,<span class=\"_ _5\"></span>252<span class=\"_ _8f\"> </span>42<span class=\"_ _5\"></span>,052</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _169\"> </span></span>-3,309<span class=\"_ _213\"> </span><span class=\"ls59 ws62\">-4,30<span class=\"_ _5\"></span>8<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-17,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>8</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _27\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>-39<span class=\"_ _5\"></span>1<span class=\"_ _35\"> </span>385<span class=\"_ _2e\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>4<span class=\"_ _167\"> </span><span class=\"ls76 ws84\">118</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28e\"> </span><span class=\"ls88 ws96\">-22<span class=\"_ _39\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls7b ws89\">-63<span class=\"_ _167\"> </span><span class=\"ls16 ws1d\">-84</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>99,<span class=\"_ _5\"></span>303<span class=\"_ _8f\"> </span>21<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>410<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>8<span class=\"_ _15f\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _28f\"> </span>23,09<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _290\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _cc\"> </span>6,40<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _8f\"> </span><span class=\"ls7c ws8a\">28,<span class=\"_ _5\"></span>582</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _15b\"> </span>-7<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _168\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>16<span class=\"_ _169\"> </span><span class=\"ls75 ws82\">-3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _78\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _32\"> </span>-<span class=\"_ _5\"></span>51<span class=\"_ _27\"> </span></span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _20\"> </span>15<span class=\"_ _5\"></span>3<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _1d9\"> </span><span class=\"ls7b ws89\">63</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _16f\"> </span><span class=\"ls75 ws82\">109<span class=\"_ _27\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _31\"> </span><span class=\"lse ws12\">89</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>29,<span class=\"_ _5\"></span>639<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>,759<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">20,468<span class=\"_ _202\"> </span><span class=\"ls57 ws60\">59,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _19b\"> </span>6<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _91\"> </span>5,008<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span><span class=\"lsf ws13\">90,620</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _6d\"> </span>69,66<span class=\"_ _5\"></span>4<span class=\"_ _8f\"> </span>11,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _15a\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _202\"> </span><span class=\"ls38 ws41\">98,994</span></span>NOTE 7 <span class=\"_ _5\"></span>\u2013 RI<span class=\"_ _5\"></span>GH<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>OF<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>USE <span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>SET<span class=\"_ _5\"></span>SThe depreciat<span class=\"_ _3\"></span>ion cost<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">of 2021 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s 34<span class=\"_ _5\"></span>.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of wh<span class=\"_ _5\"></span>ich 25<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes to t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e </span>cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>rs \u2018Al Maha<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018<span class=\"_ _3\"></span>Al Ja<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>af<span class=\"_ _4\"></span>\u2019. This imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal an<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om a s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>c reb<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g of o<span class=\"_ _5\"></span>ur fleet upon the delivery of the cutter section dredger \u2018Spart<span class=\"_ _5\"></span>acus\u2019<span class=\"_ _3\"></span>.Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd and other<span class=\"ls3 ws3\"> </span>Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _13c\"> </span>7<span class=\"_ _3\"></span>4,909<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>2<span class=\"_ _202\"> </span><span class=\"ls36 ws3d\">24,96<span class=\"_ _5\"></span>9<span class=\"_ _15f\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>10,830</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _291\"> </span>25,97<span class=\"_ _2\"></span>4<span class=\"_ _91\"> </span>3,428<span class=\"_ _213\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _213\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>332<span class=\"_ _164\"> </span>-2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span></span>-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>3</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _13c\"> </span>1<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _20\"> </span>295<span class=\"_ _2e\"> </span><span class=\"ls75 ws82\">101<span class=\"_ _7f\"> </span><span class=\"ls78 ws86\">1,52<span class=\"_ _5\"></span>2</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>90<span class=\"_ _3\"></span>,204<span class=\"_ _202\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _27d\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _21e\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>75<span class=\"_ _1d\"> </span>5,9<span class=\"_ _5\"></span>80<span class=\"_ _202\"> </span><span class=\"ls3f ws67\">10,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>58<span class=\"_ _7a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>13</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _102\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>43<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">3,364<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _213\"> </span></span></span>2<span class=\"_ _5\"></span>1,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _109\"> </span>-6<span class=\"_ _5\"></span>,386<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>2<span class=\"_ _14e\"> </span>-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _a9\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _88\"> </span><span class=\"lsc wsd\">-51<span class=\"_ _1e7\"> </span></span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _226\"> </span><span class=\"ls7a ws88\">458<span class=\"_ _20\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span></span>49<span class=\"_ _35\"> </span><span class=\"ls57 ws60\">622</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>23,090<span class=\"_ _cc\"> </span>5,<span class=\"_ _5\"></span>367<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _ba\"> </span>56,434<span class=\"_ _1e\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>972<span class=\"_ _8f\"> </span><span class=\"ls5a ws63\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>11<span class=\"_ _15a\"> </span><span class=\"ls79 ws87\">75,<span class=\"_ _5\"></span>917</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _7b\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span>5,0<span class=\"_ _5\"></span>09<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>97<span class=\"_ _202\"> </span><span class=\"lsf ws13\">9<span class=\"_ _5\"></span>0,620</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-4": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. T<span class=\"_ _2\"></span>otal revenues<span class=\"ff61 ls3 ws3\"> in 20<span class=\"_ _3\"></span>22 incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>30 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.  </span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r<span class=\"ff61 ls3 ws3\"> incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>r 6% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d </span>to 2022, whe<span class=\"_ _5\"></span>reas <span class=\"ff6a ls33 ws3c\">o<span class=\"_ _5\"></span>ther operating income<span class=\"_ _8\"></span><span class=\"ff61 ls8c ws54\"> decreased </span></span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng inc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f 2022 includ<span class=\"_ _5\"></span>es liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived as compensation for<span class=\"_ _3\"></span> the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he late deliver<span class=\"_ _5\"></span>y of ins<span class=\"_ _5\"></span>talla<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel \u2018O<span class=\"_ _5\"></span>rion<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>fs<span class=\"_ _5\"></span>hore Energy segment)<span class=\"_ _3\"></span> for 1<span class=\"_ _8\"></span>9 mill<span class=\"_ _3\"></span>ion EUR, whereas<span class=\"_ _3\"></span> the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e of 2021 includ<span class=\"_ _5\"></span>ed 1<span class=\"_ _3\"></span>5 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived relating<span class=\"_ _3\"></span> to cutter suction dre<span class=\"_ _5\"></span>dger \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>tac<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019 (Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t). NOTE 1 <span class=\"_ _5\"></span>\u2013 TU<span class=\"_ _5\"></span>RNOVER <span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>D OR<span class=\"_ _5\"></span>DERB<span class=\"_ _5\"></span>OO<span class=\"_ _5\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1TURNO<span class=\"_ _8\"></span>VERBe<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t by na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>rap<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>rket c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r by n<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re <span class=\"ff70\">(<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Revenue from contract<span class=\"_ _5\"></span>s with customer<span class=\"_ _5\"></span>s<span class=\"_ _54\"> </span><span class=\"ls34 ws3e\">2,64<span class=\"_ _5\"></span>4,25<span class=\"_ _8\"></span>7 <span class=\"_ _32\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>498<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>6 </span></span>Revenue from anci<span class=\"_ _3\"></span>llary acti<span class=\"_ _5\"></span>vities<span class=\"_ _24c\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>0,468 <span class=\"_ _4b\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>51<span class=\"_ _4\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom contracts with customers <span class=\"ff70 lsb1 wsbe\">mainly<span class=\"_ _3\"></span> comprises the net rev<span class=\"_ _3\"></span>enue from the<span class=\"_ _3\"></span> operational activities of the segments<span class=\"_ _5\"></span>. For most </span>contracting activ<span class=\"_ _5\"></span>ities the contract is based on<span class=\"_ _3\"></span> a fixed/lump<span class=\"_ _8\"></span> sum price. The Group acts as contractor and princi<span class=\"_ _3\"></span>pal of the e<span class=\"_ _3\"></span>ngagement.Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom ancillary activities <span class=\"ff70 ls3 ws3\">is r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n be ve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt or f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. It is t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t </span>fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ed up a<span class=\"_ _5\"></span>s a s<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>em.The Group has<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>termined that<span class=\"_ _8\"></span> the disaggregation of revenue<span class=\"_ _3\"></span> by product line i<span class=\"_ _3\"></span>s best refle<span class=\"_ _5\"></span>cted by the re<span class=\"_ _3\"></span>venue information<span class=\"_ _3\"></span> that is<span class=\"_ _3\"></span> dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or ea<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt un<span class=\"_ _5\"></span>der I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 8, a<span class=\"_ _5\"></span>s this i<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ular<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>iew<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>f dec<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on ma<span class=\"_ _5\"></span>kers (s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>hap<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>n Se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g) an<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>st d<span class=\"_ _5\"></span>epi<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s how t<span class=\"_ _5\"></span>he na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>, ti<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g and un<span class=\"_ _5\"></span>cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>y of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws are affec<span class=\"_ _5\"></span>ted by economic<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>actors<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _260\"> </span><span class=\"ls147 ws157\">9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">916<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _261\"> </span><span class=\"ls55 ws5d\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span> <span class=\"_ _88\"> </span><span class=\"ls75 ws82\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>6 </span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _262\"> </span><span class=\"ls59 ws62\">206,336 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>3 </span></span>Concessions<span class=\"_ _263\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>14 <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er by s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsf ws13\">2,690,676<span class=\"_ _3\"></span> <span class=\"_ _20\"> </span><span class=\"ls16 ws1d\">2,562,290 </span></span>Reconc<span class=\"_ _5\"></span>iliation<span class=\"_ _264\"> </span><span class=\"ls59 ws62\">-3<span class=\"_ _8\"></span>5,951 <span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-5<span class=\"_ _3\"></span>1,683 </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e is th<span class=\"_ _5\"></span>e tur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventures. These are<span class=\"_ _8\"></span> consolidated according<span class=\"_ _8\"></span> to the proportionate method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment reporting but acco<span class=\"_ _3\"></span>rding to<span class=\"_ _8\"></span> the equity consolidation method (<span class=\"_ _8\"></span>application of IAS 28)<span class=\"_ _8\"></span> in the financial statements.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _265\"> </span><span class=\"ls13 ws9a\">354,4<span class=\"_ _8\"></span>39 <span class=\"_ _18\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>79<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>8 </span></span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _266\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>271,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4 <span class=\"_ _55\"> </span><span class=\"ls7f ws8d\">976<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>9 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _267\"> </span><span class=\"ls7f ws8d\">36<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,97<span class=\"_ _5\"></span>5 <span class=\"_ _1bf\"> </span><span class=\"lse ws12\">608,<span class=\"_ _3\"></span>708<span class=\"_ _3\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _268\"> </span><span class=\"ls55 ws5d\">319<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls78 ws86\">49<span class=\"_ _5\"></span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">93<span class=\"_ _5\"></span>,70<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _26a\"> </span><span class=\"ls80 ws8e\">124<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _4b\"> </span><span class=\"ls4b ws53\">42,359<span class=\"_ _5\"></span> </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _26b\"> </span><span class=\"ls78 ws86\">81,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _19a\"> </span><span class=\"ls89 ws97\">17,<span class=\"_ _4\"></span>317<span class=\"_ _4\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls7f ws8d\">5,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span> <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l mar<span class=\"_ _5\"></span>ket is d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as th<span class=\"_ _5\"></span>e ar<span class=\"_ _5\"></span>ea (l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on) wh<span class=\"_ _5\"></span>ere p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n for o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A larg<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts f<span class=\"_ _5\"></span>or a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and geographic<span class=\"_ _5\"></span>al areas.Unli<span class=\"_ _5\"></span>ke in 2021<span class=\"_ _8\"></span>, no s<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>le cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ted m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e than 10% in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er of 2022. T<span class=\"_ _5\"></span>he Ab<span class=\"_ _5\"></span>u Qi<span class=\"_ _5\"></span>r Por<span class=\"_ _4\"></span>t E<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ion P<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t in Egy<span class=\"_ _5\"></span>pt (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 10% and 15<span class=\"_ _3\"></span>% in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over l<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r and q<span class=\"_ _5\"></span>uali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as su<span class=\"_ _5\"></span>ch as a material c<span class=\"_ _3\"></span>lient<span class=\"ff70 ls3 ws3\"> in rela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n to th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up. </span>How<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f the <span class=\"ff73 ls1d4 ws1fa\">occasional nat<span class=\"_ _3\"></span>ure and<span class=\"_ _8\"></span> spread of the<span class=\"_ _8\"></span> contracts<span class=\"_ _5\"></span><span class=\"ff70 ls3 ws3\">, non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E\u2019s cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ill ev<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y quali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s a </span></span>mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n rela<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on to t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.A<span class=\"_ _5\"></span>s a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">militar<span class=\"_ _5\"></span>y conflict between Russia and Ukraine</span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up re<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>n Rus<span class=\"_ _5\"></span>sia in 202<span class=\"_ _8\"></span>2 and currently has<span class=\"_ _8\"></span> no contrac<span class=\"_ _5\"></span>ts or contractual oblig<span class=\"_ _3\"></span>ations related t<span class=\"_ _3\"></span>o the performance of works in Ru<span class=\"_ _3\"></span>ssia.Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, 29% o<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s <span class=\"ff73 ls1ba ws1df\">taxonomy-eligible turnover<span class=\"_ _2\"></span><span class=\"ff70 ls3 ws3\">. T<span class=\"_ _5\"></span>his p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e is dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y </span></span>related to<span class=\"_ _3\"></span> DEME\u2019<span class=\"_ _8\"></span>s ac<span class=\"_ _5\"></span>tivities making a substantial c<span class=\"_ _3\"></span>ontribution to cli<span class=\"_ _3\"></span>mate cha<span class=\"_ _3\"></span>nge mitigation a<span class=\"_ _3\"></span>nd includes pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for the construc<span class=\"_ _5\"></span>tion and installation<span class=\"_ _3\"></span> of foundations<span class=\"_ _3\"></span> and wind t<span class=\"_ _3\"></span>urbines and thei<span class=\"_ _3\"></span>r shore con<span class=\"_ _3\"></span>nections<span class=\"_ _5\"></span>, as wel<span class=\"_ _3\"></span>l as projects for railway t<span class=\"_ _3\"></span>unnel inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. Fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>n, 26% of t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al DE<span class=\"_ _5\"></span>ME tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o <span class=\"ff73 ls159 ws16f\">aligned</span>.ORDERBOOKThe Group\u2019<span class=\"_ _3\"></span>s <span class=\"ff73 ls15d ws172\">orderbook</span><span class=\"ls3 ws3\"> is the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>gnme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 but th<span class=\"_ _5\"></span>at is n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>s turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r </span>be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e or<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t of a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok un<span class=\"_ _5\"></span>til t<span class=\"_ _5\"></span>he ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s si<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d. A l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>f awa<span class=\"_ _5\"></span>rd is n<span class=\"_ _5\"></span>ot s<span class=\"_ _5\"></span>uf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nt to i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up. A<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in \u2018uncertain\u2019 countries before includi<span class=\"_ _3\"></span>ng them in<span class=\"_ _8\"></span> the orderbo<span class=\"_ _5\"></span>ok.Further on, experience shows that onc<span class=\"_ _3\"></span>e an ag<span class=\"_ _3\"></span>reement has been<span class=\"_ _3\"></span> reached, cancellations<span class=\"_ _3\"></span> or substantial reductions in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>cope or siz<span class=\"_ _8\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are q<span class=\"_ _5\"></span>uite r<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>e, bu<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey do o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y in ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>re un<span class=\"_ _5\"></span>der s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>re pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>re.Orderbook b<span class=\"_ _3\"></span>y segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">3,260,909<span class=\"_ _92\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _26e\"> </span><span class=\"ls59 ws62\">2,61<span class=\"_ _8\"></span>5,7<span class=\"_ _8\"></span>13<span class=\"_ _86\"> </span><span class=\"ls19 ws16\">2,833,296</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _269\"> </span><span class=\"ls1c ws26\">31<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>378<span class=\"_ _39\"> </span><span class=\"ls59 ws62\">255,3<span class=\"_ _3\"></span>30</span></span>Concessions<span class=\"_ _26f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000<span class=\"_ _86\"> </span><span class=\"ls37 ws83\">5,9<span class=\"_ _5\"></span>05,<span class=\"_ _2\"></span>190</span></span>The o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022, i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ord s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g at 6<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 bill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, up 5% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t year (2021<span class=\"_ _8\"></span>: 5<span class=\"_ _5\"></span>.9 b<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>). Pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h a tot<span class=\"_ _5\"></span>al v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of 2.<span class=\"_ _5\"></span>2 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR we<span class=\"_ _5\"></span>re ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022 (202<span class=\"_ _8\"></span>1: 3.<span class=\"_ _8\"></span>1 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR). T<span class=\"_ _5\"></span>he or<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>rb<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ing con<span class=\"_ _5\"></span>tinu<span class=\"_ _5\"></span>ed h<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>thy d<span class=\"_ _5\"></span>eman<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>oni<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d size<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>ns mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>all ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok at y<span class=\"_ _5\"></span>ear-<span class=\"_ _5\"></span>end i<span class=\"_ _5\"></span>s 2.3 t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>s the 2<span class=\"_ _5\"></span>022 turno<span class=\"_ _5\"></span>ver. The inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>st y<span class=\"_ _5\"></span>ear i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly l<span class=\"_ _5\"></span>ed by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g dem<span class=\"_ _5\"></span>and in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e Envi<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore En<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e lat<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of maj<span class=\"_ _5\"></span>or l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th-<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t A<span class=\"_ _5\"></span>sia (amon<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>s in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd Aus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>ia), Uni<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d Stat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d Euro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>.Orderbook b<span class=\"_ _3\"></span>y geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _271\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span> <span class=\"_ _8b\"> </span><span class=\"ls34 ws3e\">2,866,266 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _272\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,747 <span class=\"_ _1bf\"> </span><span class=\"ls56 ws5e\">814<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _273\"> </span><span class=\"ls58 ws61\">30<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>325 <span class=\"_ _1bf\"> </span><span class=\"ls34 ws3e\">41<span class=\"_ _2\"></span>4,346 </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls3 ws3\">752,385 <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">3<span class=\"_ _5\"></span>25<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _19f\"> </span><span class=\"ls7c ws8a\">1<span class=\"_ _3\"></span>,692,695 <span class=\"_ _88\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54,87<span class=\"_ _3\"></span>2 </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _270\"> </span><span class=\"lsb wsc\">6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,033 <span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls12 ws17\">4<span class=\"_ _5\"></span>,521<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _5\"></span>942 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000 <span class=\"_ _32\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _8\"></span>190 </span></span>From a g<span class=\"_ _5\"></span>eo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e the Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e and Af<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>how<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>cli<span class=\"_ _5\"></span>ne in 2022 com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o 2021<span class=\"_ _8\"></span>, la<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g win<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e A<span class=\"_ _5\"></span>sia an<span class=\"_ _5\"></span>d Am<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Euro<span class=\"_ _5\"></span>pe s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han ha<span class=\"_ _5\"></span>lf o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok<span class=\"_ _5\"></span>. Orderbook 202<span class=\"_ _8\"></span>2 split in<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>ime<span class=\"ls3 ws3\"> </span>2023<span class=\"_ _74\"> </span><span class=\"lsa1 wsb0\">2024<span class=\"_ _111\"> </span><span class=\"ls63 ws6e\">2<span class=\"_ _5\"></span>025</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _17d\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _1e3\"> </span>1,6<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>2,426 <span class=\"_ _1de\"> </span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span> <span class=\"_ _93\"> </span><span class=\"ls88 ws96\">8<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>90,000 </span></span>Orderbook 202<span class=\"_ _8\"></span>1 split<span class=\"_ _3\"></span> in time<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _74\"> </span><span class=\"lsa4 wsb3\">20<span class=\"_ _5\"></span>23<span class=\"_ _111\"> </span><span class=\"lsa1 wsb0\">2024</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">2,021,<span class=\"_ _8\"></span>167 <span class=\"_ _1de\"> </span><span class=\"ls6b ws78\">1,4<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>0 <span class=\"_ _1e3\"> </span></span>1,079,065 <span class=\"_ _b1\"> </span>1,34<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,028 <span class=\"_ _14f\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _2\"></span>190 </span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>at 37<span class=\"_ _8\"></span>.3% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t ye<span class=\"_ _5\"></span>ar (2021<span class=\"_ _8\"></span>: 34<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>%). Actu<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n dep<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ds on s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l factor<span class=\"_ _5\"></span>s, such as<span class=\"_ _3\"></span> weather circu<span class=\"_ _3\"></span>mstances, soil and technical<span class=\"_ _3\"></span> conditions, vessel availabil<span class=\"_ _3\"></span>ity and a lot of<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther factors<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>2 \u2013 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>ACT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETS <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>CONTR<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Contract assets <span class=\"ff70 ls3 ws3\">an<span class=\"_ _5\"></span>d </span>contract liabilities <span class=\"ff70 ls3 ws3\">rela<span class=\"_ _5\"></span>te in co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IF<span class=\"_ _5\"></span>RS 15 </span>revenue from<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s with customers to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k in pro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s ren<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Work in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>ws t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue recognised on those contracts <span class=\"ls170 ws185\">less progress billings, advanc<span class=\"_ _3\"></span>e payments and<span class=\"_ _3\"></span> potential pro<span class=\"_ _3\"></span>visions for losses. <span class=\"ff73 ls3 ws3\">Adv<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d <span class=\"ff70\">ar<span class=\"_ _5\"></span>e </span></span></span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ou<span class=\"_ _5\"></span>t a dive<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, al<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng e.<span class=\"_ _5\"></span>g. na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>, ty<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns an<span class=\"_ _5\"></span>d geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>ginni<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by mi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>one p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls34 ws3e\">344,7<span class=\"_ _8\"></span>51<span class=\"_ _8\"></span> <span class=\"_ _18\"> </span><span class=\"ls3 ws3\">326<span class=\"_ _5\"></span>,685 </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">-3<span class=\"_ _8\"></span>23,300 <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _2bb\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span> </span></span>Net balance<span class=\"_ _1a9\"> </span><span class=\"ls69 ws75\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8 <span class=\"_ _41\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>523 </span></span>Contract assets <span class=\"ff70 lsb1 wsbe\">are the Group\u2019s<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>ight to<span class=\"_ _3\"></span> consideration in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _3\"></span> for goods or services that the entity has<span class=\"_ _3\"></span> transferred to a customer </span>when that right<span class=\"_ _8\"></span> is conditioned on something other tha<span class=\"_ _3\"></span>n the passage of time.<span class=\"_ _3\"></span> A contract asset arises when the Group performed work<span class=\"_ _5\"></span>s for a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e to dat<span class=\"_ _5\"></span>e but a<span class=\"_ _5\"></span>re n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>d or p<span class=\"_ _5\"></span>aid<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the rat<span class=\"_ _5\"></span>e at w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>lf<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>d or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice to t<span class=\"_ _5\"></span>he customers<span class=\"_ _5\"></span>. When the<span class=\"_ _3\"></span>re is no<span class=\"_ _8\"></span> tr<span class=\"_ _5\"></span>ansfer of control throug<span class=\"_ _3\"></span>hout the contract, revenue is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>till recognised <span class=\"ls194 ws1ac\">over time<span class=\"ls3 ws3\">, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat </span></span>the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d has n<span class=\"_ _5\"></span>o alt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s an en<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>ceab<span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ance comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to dat<span class=\"_ _5\"></span>e. Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tur<span class=\"_ _5\"></span>n in<span class=\"_ _5\"></span>to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.Contract liabilities <span class=\"ff70 ls3 ws3\">are th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s obl<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r fo<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ha<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved </span>consideration from the<span class=\"_ _3\"></span> customer<span class=\"_ _8\"></span>. A contract liabil<span class=\"_ _3\"></span>ity arises when the Group has<span class=\"_ _8\"></span> invoiced the customer or<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>ceived payment<span class=\"_ _3\"></span> from them whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k wa<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t don<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>oice<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d/or paym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed to d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>vis<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed for e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k in pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s as s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey a<span class=\"_ _5\"></span>re fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>en an<span class=\"_ _5\"></span>d if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, any pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it al<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>dy r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d is r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e are a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 24.<span class=\"_ _5\"></span>8 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed to 8<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>.The d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t (or lo<span class=\"_ _5\"></span>ss) is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>or pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le project<span class=\"_ _5\"></span>s only<span class=\"_ _8\"></span>, in propor<span class=\"_ _5\"></span>tion to<span class=\"_ _3\"></span> the stage of completion. These estimates and<span class=\"_ _3\"></span> judgments may<span class=\"_ _3\"></span> contain some unc<span class=\"_ _3\"></span>ert<span class=\"_ _5\"></span>ainties.2022 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>AC<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CON<span class=\"_ _5\"></span>TR<span class=\"_ _4\"></span>ACT LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES BY S<span class=\"_ _5\"></span>EG<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>NT(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1da\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _233\"> </span>34,38<span class=\"_ _3\"></span>7<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _20\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>61</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _18a\"> </span>23<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>379<span class=\"_ _86\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>97</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _19c\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _23\"> </span>20<span class=\"_ _5\"></span>,761<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsd9 wse4\">39<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _257\"> </span>32<span class=\"_ _5\"></span>6,6<span class=\"_ _5\"></span>85<span class=\"_ _31\"> </span>18,<span class=\"_ _3\"></span>066<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,751</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-51<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>5<span class=\"_ _c0\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>31,7<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2bc\"> </span>-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _2b\"> </span>41<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _291\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>67</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-5,327<span class=\"_ _26\"> </span>-2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _81\"> </span>-<span class=\"_ _2\"></span>142,205<span class=\"_ _c1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _e0\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>0</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1b3\"> </span>-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _233\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>392<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">-53,098</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2be\"> </span>-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _38\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>6<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls1e ws28\">-18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _87\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>13<span class=\"_ _48\"> </span>640<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">-<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-<span class=\"_ _8\"></span>101,0<span class=\"_ _5\"></span>67<span class=\"_ _31\"> </span>28,528<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls1a3 ws153\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9</span></span>2022<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _2be\"> </span>-<span class=\"_ _4\"></span>62<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>391<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _84\"> </span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1c9\"> </span>94,<span class=\"_ _5\"></span>222<span class=\"_ _55\"> </span>5,54<span class=\"_ _5\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _4\"></span>9,7<span class=\"_ _5\"></span>62</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1c6\"> </span>12,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _3d\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">31,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>8</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523<span class=\"_ _88\"> </span>-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>611<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls69 ws75\">-51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>\u2018B<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>-r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e cat<span class=\"_ _5\"></span>ch up a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m a cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n the m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, a chan<span class=\"_ _5\"></span>ge in an<span class=\"_ _3\"></span> estimate of the transaction price (i<span class=\"_ _3\"></span>ncluding a<span class=\"_ _3\"></span>ny cha<span class=\"_ _3\"></span>nges in the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sessment of whether an estimate of<span class=\"_ _3\"></span> variable consideration<span class=\"_ _3\"></span> is constrained) or a c<span class=\"_ _3\"></span>ontract modif<span class=\"_ _5\"></span>ication.The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022, is mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e US of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot y<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y operational at the<span class=\"_ _8\"></span> end of 202<span class=\"_ _8\"></span>2, but for which a<span class=\"_ _3\"></span> consideration was a<span class=\"_ _3\"></span>lready received.Due t<span class=\"_ _5\"></span>o the h<span class=\"_ _5\"></span>igh n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of i<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (wi<span class=\"_ _5\"></span>th a<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g nat<span class=\"_ _5\"></span>ure, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt conditions)<span class=\"_ _8\"></span> a more detailed description of changes in<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and contract lia<span class=\"_ _3\"></span>bilities compared to<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ior year<span class=\"_ _8\"></span> is not deemed relevant.Ar<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d 55% of the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, me<span class=\"_ _5\"></span>anin<span class=\"_ _5\"></span>g the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>o be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e up<span class=\"_ _5\"></span>comi<span class=\"_ _5\"></span>ng ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt ongoing construction contract<span class=\"_ _5\"></span>s for which c<span class=\"_ _3\"></span>ontract asse<span class=\"_ _5\"></span>ts and contract liabil<span class=\"_ _3\"></span>ities are booked, is<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpec<span class=\"_ _5\"></span>ted to be<span class=\"_ _3\"></span> fulfilled by the Group<span class=\"_ _3\"></span> ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by 20<span class=\"_ _5\"></span>% in 2024, 1<span class=\"_ _8\"></span>5% in 2025 and 10% b<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022 are e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o fol<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar tim<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f.2021 CONTR<span class=\"_ _4\"></span>ACT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS A<span class=\"_ _5\"></span>ND CO<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S BY SEG<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit )2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _18a\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>331<span class=\"_ _92\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _29a\"> </span>13<span class=\"_ _3\"></span>5,31<span class=\"_ _8\"></span>0<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls1c ws26\">2<span class=\"_ _5\"></span>39<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _2bf\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _23\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _66\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>7<span class=\"_ _33\"> </span>74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d\"> </span><span class=\"ls84 ws92\">326,6<span class=\"_ _5\"></span>85</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _17\"> </span>-7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _88\"> </span>-43,296<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _83\"> </span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>75</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1a3\"> </span>-<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4,269<span class=\"_ _33\"> </span>19,<span class=\"_ _5\"></span>576<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51<span class=\"_ _4b\"> </span>-<span class=\"_ _5\"></span>576<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _26\"> </span><span class=\"ls59 ws62\">-5,32<span class=\"_ _3\"></span>7</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _32\"> </span><span class=\"ls34 ws3e\">-24,296<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span></span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>5</span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _88\"> </span>-4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>279<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>41<span class=\"_ _38\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>477<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1be\"> </span>-<span class=\"_ _4\"></span>430<span class=\"_ _43\"> </span>-6<span class=\"_ _5\"></span>83<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1bf\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c0\"> </span>-6<span class=\"_ _5\"></span>0,582<span class=\"_ _20\"> </span>-4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>485<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _81\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>101,067</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _25d\"> </span>6<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _2d\"> </span>-12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-3<span class=\"_ _8\"></span>5,9<span class=\"_ _5\"></span>00<span class=\"_ _32\"> </span>1<span class=\"_ _3\"></span>30,<span class=\"_ _2\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"ls57 ws60\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>222</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _d7\"> </span>2<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span>9,76<span class=\"_ _5\"></span>7<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>92</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>34,366<span class=\"_ _3d\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523</span></span>SHAREHOLDERSCFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>EME\u2019s pr<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ous s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c lis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d to b<span class=\"_ _5\"></span>e a fe<span class=\"_ _5\"></span>llow s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om Jun<span class=\"_ _5\"></span>e 29, 2022, da<span class=\"_ _5\"></span>te of the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CF<span class=\"_ _5\"></span>E NV. CFE NV and D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV h<span class=\"_ _5\"></span>ave bo<span class=\"_ _5\"></span>th Ac<span class=\"_ _5\"></span>kerm<span class=\"_ _5\"></span>ans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>aren N<span class=\"_ _5\"></span>V as t<span class=\"_ _5\"></span>hei<span class=\"_ _5\"></span>r main s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Sin<span class=\"_ _5\"></span>ce 2001, DEME ha<span class=\"_ _5\"></span>s an id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt w<span class=\"_ _5\"></span>ith A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>mans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV an<span class=\"_ _5\"></span>d CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ad<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice de<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>vere<span class=\"_ _5\"></span>d by b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h Acker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van H<span class=\"_ _5\"></span>aar<span class=\"_ _5\"></span>en NV a<span class=\"_ _5\"></span>nd CF<span class=\"_ _5\"></span>E NV<span class=\"_ _3\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed for C<span class=\"_ _5\"></span>FE NV a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>ger, is subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to i<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>exa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on a y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on du<span class=\"_ _5\"></span>e by DE<span class=\"_ _5\"></span>ME in 2022 tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es u<span class=\"_ _5\"></span>pon t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 1,985 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR (<span class=\"_ _5\"></span>AvH:1,323 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR an<span class=\"_ _5\"></span>d CFE<span class=\"_ _5\"></span>: 662 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>; in co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1,235 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach i<span class=\"_ _5\"></span>n 2021<span class=\"_ _2\"></span>).Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, DEM<span class=\"_ _5\"></span>E rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>t IP<span class=\"_ _5\"></span>O fr<span class=\"_ _5\"></span>om CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1,<span class=\"_ _2\"></span>106 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. On t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d, DEME i<span class=\"_ _5\"></span>nvoi<span class=\"_ _5\"></span>ced a<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>nd 164 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R to i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d fel<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to I<span class=\"_ _5\"></span>T lice<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces (2021<span class=\"_ _8\"></span>: 877 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly D<span class=\"_ _5\"></span>EME i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g a new o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ice b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g. E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>one b<span class=\"_ _5\"></span>y a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>22<span class=\"_ _3\"></span>1 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R ar<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-5": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. Other operating expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ous t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>mp du<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>to th<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt of s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r and h<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>per s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s in Eg<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>ir rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n 20<span class=\"_ _5\"></span>21.For t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> (mainly<span class=\"_ _3\"></span> warranty pro<span class=\"_ _3\"></span>visions<span class=\"_ _3\"></span>) <span class=\"ff70 lsb1 wsbe\">reference<span class=\"_ _3\"></span> is made<span class=\"_ _3\"></span> to note (<span class=\"_ _8\"></span>23<span class=\"_ _3\"></span>) Provisions. More information a<span class=\"_ _3\"></span>bout the </span></span>retirement benefit obligations<span class=\"_ _8\"></span> <span class=\"ff70 ls3 ws3\">c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und in n<span class=\"_ _5\"></span>ote (21<span class=\"_ _8\"></span>).</span>The decrease <span class=\"ff73 ls1d4 ws1fa\">of<span class=\"_ _8\"></span> amounts written off for in<span class=\"_ _3\"></span>ventories<span class=\"_ _8\"></span> and trade rec<span class=\"_ _3\"></span>eivables <span class=\"ff70 ls3 ws3\">is par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l wr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er </span></span>re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bad d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ow re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n of<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>or tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r is b<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e allo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce f<span class=\"_ _5\"></span>or ba<span class=\"_ _5\"></span>d debtors that a<span class=\"_ _3\"></span>re no longe<span class=\"_ _3\"></span>r uncol<span class=\"_ _3\"></span>lectable.Lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pla<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt <span class=\"ff70\">i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>ld cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea </span>I<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>\u2019.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Personnel expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration<span class=\"_ _27c\"> </span><span class=\"ls79 ws87\">428<span class=\"_ _5\"></span>,95<span class=\"_ _5\"></span>4 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">416<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Soc<span class=\"_ _5\"></span>ial charges<span class=\"_ _1fc\"> </span><span class=\"ls7f ws8d\">61,769 <span class=\"_ _5e\"> </span><span class=\"ls147 ws157\">5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span></span>Pens<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span> expenses<span class=\"_ _260\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _8\"></span>5,020 <span class=\"_ _4b\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>4,275<span class=\"_ _8\"></span> </span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _204\"> </span><span class=\"ls5a ws63\">5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>896 </span></span>In 2021 DEME p<span class=\"_ _5\"></span>aid an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian t<span class=\"_ _5\"></span>ax au<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>ipt o<span class=\"_ _5\"></span>f co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ins w<span class=\"_ _5\"></span>hy th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>el e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s is lo<span class=\"_ _5\"></span>wer t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e headcount.NOTE 3 <span class=\"_ _5\"></span>\u2013 PER<span class=\"_ _5\"></span>SO<span class=\"_ _5\"></span>NN<span class=\"_ _5\"></span>EL E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>ENS<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>EMPLOYMENTBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 1<span class=\"_ _2\"></span>1 \u2013 I<span class=\"_ _5\"></span>NV<span class=\"_ _5\"></span>ENTORI<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Raw materials<span class=\"_ _2b9\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls7b ws89\">2<span class=\"_ _5\"></span>,683 </span></span>Consumables<span class=\"_ _283\"> </span><span class=\"ls89 ws97\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>485 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal inventories<span class=\"_ _267\"> </span><span class=\"lsf ws13\">25,696 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> </span></span>Mov<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed in s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e<span class=\"_ _19c\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _2ba\"> </span><span class=\"ls6e ws7b\">1,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span> </span></span>Inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>n be s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t int<span class=\"_ _5\"></span>o \u2018R<span class=\"_ _5\"></span>aw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018C<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>. <span class=\"ff73\">Raw m<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>ls </span>ar<span class=\"_ _5\"></span>e mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>t &amp; dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ged m<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>l and sa<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e ag<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>gate b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent \u201c<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>\u201d. <span class=\"ff73 ls116 ws9d\">Consumables<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t out o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>, au<span class=\"_ _5\"></span>xili<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y </span></span>materials and spare par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s.The m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>.4 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR) is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>el us<span class=\"_ _5\"></span>age u<span class=\"_ _5\"></span>p till c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date<span class=\"_ _5\"></span>. Al<span class=\"_ _5\"></span>so t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>up o<span class=\"_ _5\"></span>f so<span class=\"_ _5\"></span>me ma<span class=\"_ _5\"></span>jor p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>lain t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>.No inve<span class=\"_ _3\"></span>ntories are pledged as<span class=\"_ _3\"></span> securit<span class=\"_ _5\"></span>y for li<span class=\"_ _3\"></span>abilities.The statement of<span class=\"_ _3\"></span> income i<span class=\"_ _3\"></span>ncludes the<span class=\"_ _3\"></span> following amou<span class=\"_ _3\"></span>nts relating t<span class=\"_ _3\"></span>o leases:(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls8b ws99\">13,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _2a1\"> </span><span class=\"lsb wsc\">6,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _cc\"> </span><span class=\"ls82 ws90\">3,36<span class=\"_ _5\"></span>4</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _1a9\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _ea\"> </span><span class=\"lsf ws13\">28<span class=\"_ _5\"></span>,582<span class=\"_ _7a\"> </span><span class=\"ls5c ws65\">2<span class=\"_ _5\"></span>1,73<span class=\"_ _5\"></span>8</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se (i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t)<span class=\"_ _2dd\"> </span><span class=\"ls78 ws86\">1,6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _7e\"> </span>1,<span class=\"_ _4\"></span>257</span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es<span class=\"_ _197\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _8\"></span>1<span class=\"_ _cc\"> </span><span class=\"ls7c ws8a\">2<span class=\"_ _5\"></span>,694</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _8e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ls7f ws8d\">76</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _2de\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _8f\"> </span>25<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span>NOTE 20 <span class=\"_ _5\"></span>\u2013 LE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SE L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BIL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1SHAREHOLDERSCFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>EME\u2019s pr<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ous s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c lis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d to b<span class=\"_ _5\"></span>e a fe<span class=\"_ _5\"></span>llow s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om Jun<span class=\"_ _5\"></span>e 29, 2022, da<span class=\"_ _5\"></span>te of the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CF<span class=\"_ _5\"></span>E NV. CFE NV and D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV h<span class=\"_ _5\"></span>ave bo<span class=\"_ _5\"></span>th Ac<span class=\"_ _5\"></span>kerm<span class=\"_ _5\"></span>ans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>aren N<span class=\"_ _5\"></span>V as t<span class=\"_ _5\"></span>hei<span class=\"_ _5\"></span>r main s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Sin<span class=\"_ _5\"></span>ce 2001, DEME ha<span class=\"_ _5\"></span>s an id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt w<span class=\"_ _5\"></span>ith A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>mans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV an<span class=\"_ _5\"></span>d CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ad<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice de<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>vere<span class=\"_ _5\"></span>d by b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h Acker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van H<span class=\"_ _5\"></span>aar<span class=\"_ _5\"></span>en NV a<span class=\"_ _5\"></span>nd CF<span class=\"_ _5\"></span>E NV<span class=\"_ _3\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed for C<span class=\"_ _5\"></span>FE NV a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>ger, is subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to i<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>exa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on a y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on du<span class=\"_ _5\"></span>e by DE<span class=\"_ _5\"></span>ME in 2022 tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es u<span class=\"_ _5\"></span>pon t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 1,985 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR (<span class=\"_ _5\"></span>AvH:1,323 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR an<span class=\"_ _5\"></span>d CFE<span class=\"_ _5\"></span>: 662 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>; in co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1,235 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach i<span class=\"_ _5\"></span>n 2021<span class=\"_ _2\"></span>).Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, DEM<span class=\"_ _5\"></span>E rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>t IP<span class=\"_ _5\"></span>O fr<span class=\"_ _5\"></span>om CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1,<span class=\"_ _2\"></span>106 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. On t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d, DEME i<span class=\"_ _5\"></span>nvoi<span class=\"_ _5\"></span>ced a<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>nd 164 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R to i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d fel<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to I<span class=\"_ _5\"></span>T lice<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces (2021<span class=\"_ _8\"></span>: 877 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 27 \u2013 AUDITOR <span class=\"_ _5\"></span>REM<span class=\"_ _5\"></span>UN<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _5\"></span>IONBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>aid to t<span class=\"_ _5\"></span>he au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s by D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p NV an<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed su<span class=\"_ _5\"></span>bsi<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bel<span class=\"_ _5\"></span>ow. A dis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on (b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h in ab<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>igur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd in p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e) is mad<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n fe<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>aid by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to th<span class=\"_ _5\"></span>e <span class=\"ff73 ls184 ws19b\">st<span class=\"_ _5\"></span>atutor<span class=\"_ _5\"></span>y</span> au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V and f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s pa<span class=\"_ _5\"></span>id to <span class=\"ff73 ls116 ws9d\">other</span> au<span class=\"_ _5\"></span>dit f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. For t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2021<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te a<span class=\"_ _5\"></span>nd E<span class=\"_ _5\"></span>Y wer<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y ap<span class=\"_ _5\"></span>poi<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E NV (<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the pub<span class=\"_ _5\"></span>lic li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ting o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup). Fo<span class=\"_ _5\"></span>r the f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ye<span class=\"_ _5\"></span>ar 2022, E<span class=\"_ _5\"></span>Y be<span class=\"_ _5\"></span>cam<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>le s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>udi<span class=\"_ _5\"></span>tor o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>.EY<span class=\"_ _f2\"> </span><span class=\"ls1d5 ws1fc\">O<span class=\"_ _5\"></span>thers<span class=\"_ _179\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Amount<span class=\"_ _27d\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%</span>Audit<span class=\"_ _8\"></span> fees<span class=\"_ _2fd\"> </span>999 <span class=\"_ _14f\"> </span><span class=\"ls37 ws83\">40.0%<span class=\"_ _ae\"> </span><span class=\"ls78 ws86\">1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e4\"> </span></span>60.0%<span class=\"_ _73\"> </span><span class=\"ff72 ls16 ws1d\">2,499<span class=\"_ _3\"></span> </span></span>T<span class=\"_ _2\"></span>ax advi<span class=\"_ _8\"></span>sor<span class=\"_ _5\"></span>y se<span class=\"_ _3\"></span>rvices<span class=\"_ _300\"> </span>368<span class=\"_ _b1\"> </span>23<span class=\"_ _5\"></span>.5%<span class=\"_ _c7\"> </span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span> <span class=\"_ _89\"> </span><span class=\"ls7f ws8d\">76.<span class=\"_ _5\"></span>5%<span class=\"_ _ae\"> </span><span class=\"ff72 ls6b ws78\">1,5<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> </span></span>Other non-audit ser<span class=\"_ _5\"></span>vices<span class=\"_ _1d7\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _da\"> </span>2<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>4%<span class=\"_ _1df\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>15<span class=\"_ _5\"></span> <span class=\"_ _c8\"> </span><span class=\"ls83 ws91\">9<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _28a\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>1,4<span class=\"_ _4\"></span>67 <span class=\"_ _89\"> </span>17.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>%<span class=\"_ _1df\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>714<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls68 ws73\">8<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>%<span class=\"_ _c7\"> </span><span class=\"ls8 ws8\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span> </span></span>The amount<span class=\"_ _8\"></span> of additional (<span class=\"_ _3\"></span>non-)<span class=\"_ _8\"></span> audit ser<span class=\"_ _5\"></span>vices provided by<span class=\"_ _3\"></span> the <span class=\"lsb1 wsbe\">statutory<span class=\"ls3 ws3\"> au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or an<span class=\"_ _5\"></span>d pe<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>ofe<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to h<span class=\"_ _5\"></span>im are i<span class=\"_ _5\"></span>n line </span></span>wi<span class=\"_ _5\"></span>th ar<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>le 3:<span class=\"_ _5\"></span>64 an<span class=\"_ _5\"></span>d 65 of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>de o<span class=\"_ _5\"></span>f Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s and ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Audi<span class=\"_ _5\"></span>t Com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e in a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>ey mai<span class=\"_ _5\"></span>nly relate to<span class=\"_ _8\"></span> rendere<span class=\"_ _5\"></span>d tax services<span class=\"_ _5\"></span>, ad-hoc attest<span class=\"_ _5\"></span>ations and add<span class=\"_ _3\"></span>itional audit w<span class=\"_ _3\"></span>orks per<span class=\"_ _5\"></span>forme<span class=\"_ _5\"></span>d relating<span class=\"_ _8\"></span> to the IPO.The o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>aud<span class=\"_ _5\"></span>it s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed by o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t bei<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>uto<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y au<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>or o<span class=\"_ _5\"></span>f DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV, mainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>te to consulting services regarding<span class=\"_ _8\"></span> the procurement transformation project (i<span class=\"_ _3\"></span>ncluding<span class=\"_ _3\"></span> a compl<span class=\"_ _3\"></span>iance<span class=\"_ _3\"></span> component)<span class=\"_ _3\"></span> star<span class=\"_ _5\"></span>ted in 2<span class=\"_ _3\"></span>02<span class=\"_ _8\"></span>1.<span class=\"_ _8\"></span> KEY MANA<span class=\"_ _8\"></span>GEMENT PE<span class=\"_ _3\"></span>RSONNELDEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V has a \u201con<span class=\"_ _5\"></span>e ti<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u201d g<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ce s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f a Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s (as coll<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>iate b<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>y). Th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s is ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the p<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>er to p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m all ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt for those actions that are<span class=\"_ _3\"></span> specif<span class=\"_ _5\"></span>ically reserved by law for<span class=\"_ _8\"></span> the Shareholders<span class=\"_ _5\"></span>\u2019 Meeting.On Ju<span class=\"_ _5\"></span>ne 29, 2022, t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>oar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s ha<span class=\"_ _5\"></span>s del<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d the <span class=\"ff73 ls15d ws172\">daily management</span> of the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee to t<span class=\"_ _5\"></span>he CEO. Th<span class=\"_ _5\"></span>e CEO is s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f his m<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>te by t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">advisory committee</span> (se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s). The E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ive C<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e, cha<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e CEO, i<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt of the Group.For h<span class=\"_ _5\"></span>is ro<span class=\"_ _5\"></span>le as E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, L<span class=\"_ _5\"></span>uc Vand<span class=\"_ _5\"></span>enb<span class=\"_ _5\"></span>ulc<span class=\"_ _5\"></span>ke rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le re<span class=\"_ _5\"></span>mun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of 1,8<span class=\"_ _5\"></span>62 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R in 2022 (202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>: 1,5<span class=\"_ _3\"></span>76 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>. Repr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ho ar<span class=\"_ _5\"></span>e mem<span class=\"_ _5\"></span>ber<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s, Au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t Comm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e and R<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee are o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d sin<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e pub<span class=\"_ _5\"></span>lic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration of the<span class=\"_ _3\"></span> directors<span class=\"_ _1bc\"> </span><span class=\"lse ws12\">360<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f DEME Gr<span class=\"_ _5\"></span>oup<span class=\"_ _2fd\"> </span><span class=\"ls82 ws90\">360<span class=\"_ _2d1\"> </span></span>-Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e CEO<span class=\"_ _2e0\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _145\"> </span><span class=\"ls88 ws96\">1,<span class=\"_ _5\"></span>576</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>43<span class=\"_ _97\"> </span><span class=\"ls4b ws53\">33<span class=\"_ _5\"></span>0</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1ae\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">1,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>4</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _2fe\"> </span><span class=\"ls84 ws92\">62<span class=\"_ _153\"> </span><span class=\"ls35 ws43\">50</span></span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _282\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _2e5\"> </span>3</span>Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e me<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Com<span class=\"_ _5\"></span>mi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee (e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng CEO)<span class=\"_ _f3\"> </span><span class=\"ls3f ws67\">5,<span class=\"_ _5\"></span>676<span class=\"_ _186\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>81</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _29f\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _121\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1c8\"> </span><span class=\"lsd9 wse4\">3,937<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">2,984</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _1ac\"> </span><span class=\"ls7b ws89\">463<span class=\"_ _97\"> </span>383</span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _2ff\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _192\"> </span><span class=\"ls56 ws5e\">18</span></span>Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly D<span class=\"_ _5\"></span>EME i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g a new o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ice b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g. E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>one b<span class=\"_ _5\"></span>y a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>22<span class=\"_ _3\"></span>1 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R ar<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>.Deloitte<span class=\"_ _27f\"> </span>EY<span class=\"_ _f2\"> </span><span class=\"ls1d5 ws1fc\">O<span class=\"_ _5\"></span>thers<span class=\"_ _179\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _4\"></span>l</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Amount<span class=\"_ _27d\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%<span class=\"_ _1ee\"> </span></span>Amount<span class=\"_ _1ee\"> </span><span class=\"ls3 ws3\">%</span>Audit<span class=\"_ _8\"></span> fees<span class=\"_ _fb\"> </span>1,<span class=\"_ _5\"></span>05<span class=\"_ _5\"></span>9 <span class=\"_ _111\"> </span>4<span class=\"_ _5\"></span>7.1<span class=\"_ _5\"></span>%<span class=\"_ _78\"> </span>35<span class=\"_ _5\"></span>8<span class=\"_ _b1\"> </span>1<span class=\"_ _3\"></span>5.9%<span class=\"_ _77\"> </span>8<span class=\"_ _5\"></span>33<span class=\"_ _111\"> </span><span class=\"ls83 ws91\">3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _15c\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>,25<span class=\"_ _5\"></span>0 </span></span>T<span class=\"_ _2\"></span>ax advi<span class=\"_ _8\"></span>sor<span class=\"_ _5\"></span>y se<span class=\"_ _3\"></span>rvices<span class=\"_ _131\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _15f\"> </span>9<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>%<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>57<span class=\"_ _b1\"> </span>26.9%<span class=\"_ _77\"> </span>839<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">63.<span class=\"_ _5\"></span>4%<span class=\"_ _ae\"> </span><span class=\"ff72 ls6b ws78\">1,3<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span> </span></span>Other non-audit ser<span class=\"_ _5\"></span>vices<span class=\"_ _1d2\"> </span>78<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">1<span class=\"_ _5\"></span>.7%<span class=\"_ _1e7\"> </span><span class=\"ls79 ws87\">72<span class=\"_ _da\"> </span><span class=\"ls7d ws8b\">1.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _15c\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>,394 <span class=\"_ _89\"> </span></span></span></span>96<span class=\"_ _4\"></span>.7<span class=\"_ _5\"></span>%<span class=\"_ _74\"> </span><span class=\"ff72 ls3 ws3\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>4 </span></span>1,2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6 <span class=\"_ _1e4\"> </span>15<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _235\"> </span>787<span class=\"_ _159\"> </span>9.7<span class=\"_ _5\"></span>%<span class=\"_ _73\"> </span>6,066 <span class=\"_ _14f\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>%<span class=\"_ _c7\"> </span><span class=\"ls8 ws8\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span></span>In 2021<span class=\"_ _8\"></span>, a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly t<span class=\"_ _5\"></span>o the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>ut a s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>e for guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n a new t<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>sur<span class=\"_ _4\"></span>y s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>tem f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-6": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. The<span class=\"ff6a ls16 ws1d\"> operating<span class=\"_ _3\"></span> result<span class=\"ff61 ls3 ws3\"> or EBIT in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n </span></span>EUR bu<span class=\"_ _5\"></span>t the EB<span class=\"_ _5\"></span>IT ma<span class=\"_ _5\"></span>rgin r<span class=\"_ _5\"></span>emain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame, d<span class=\"_ _5\"></span>ue to a high<span class=\"_ _5\"></span>er numb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l do<span class=\"_ _5\"></span>cki<span class=\"_ _5\"></span>ngs an<span class=\"_ _5\"></span>d over<span class=\"_ _5\"></span>haul<span class=\"_ _5\"></span>s, inflation, consumables a<span class=\"_ _3\"></span>nd commodity price in<span class=\"_ _3\"></span>creases. The <span class=\"ff6a ls16 ws1d\">depreciation expenses </span>incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to the n<span class=\"_ _5\"></span>ew ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>, \u2018S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 and \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>oen<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>\u2019. On the oth<span class=\"_ _5\"></span>er han<span class=\"_ _5\"></span>d, n<span class=\"_ _5\"></span>o signi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant <span class=\"ff6a ls34 ws3e\">impair<span class=\"_ _5\"></span>ments</span> are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed in 2022 while in 2021<span class=\"_ _8\"></span>, 35 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s were included. <span class=\"ff6a ls16 ws1d\">Other operating<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpenses<span class=\"ff61 ls3 ws3\"> decr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 20 </span></span>million EUR and will be fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her exp<span class=\"_ _5\"></span>lained in the note<span class=\"_ _5\"></span>s.Other operating expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ous t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>mp du<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>to th<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt of s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r and h<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>per s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s in Eg<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>ir rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n 20<span class=\"_ _5\"></span>21.For t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> (mainly<span class=\"_ _3\"></span> warranty pro<span class=\"_ _3\"></span>visions<span class=\"_ _3\"></span>) <span class=\"ff70 lsb1 wsbe\">reference<span class=\"_ _3\"></span> is made<span class=\"_ _3\"></span> to note (<span class=\"_ _8\"></span>23<span class=\"_ _3\"></span>) Provisions. More information a<span class=\"_ _3\"></span>bout the </span></span>retirement benefit obligations<span class=\"_ _8\"></span> <span class=\"ff70 ls3 ws3\">c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und in n<span class=\"_ _5\"></span>ote (21<span class=\"_ _8\"></span>).</span>The decrease <span class=\"ff73 ls1d4 ws1fa\">of<span class=\"_ _8\"></span> amounts written off for in<span class=\"_ _3\"></span>ventories<span class=\"_ _8\"></span> and trade rec<span class=\"_ _3\"></span>eivables <span class=\"ff70 ls3 ws3\">is par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l wr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er </span></span>re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bad d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ow re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n of<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>or tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r is b<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e allo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce f<span class=\"_ _5\"></span>or ba<span class=\"_ _5\"></span>d debtors that a<span class=\"_ _3\"></span>re no longe<span class=\"_ _3\"></span>r uncol<span class=\"_ _3\"></span>lectable.Lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pla<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt <span class=\"ff70\">i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>ld cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea </span>I<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>\u2019.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>Other operating income<span class=\"ff70 ls3 ws3\"> in 2022 includ<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>elay da<span class=\"_ _5\"></span>mag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span>Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t) wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he 2021 fig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved d<span class=\"_ _5\"></span>elay d<span class=\"_ _5\"></span>amag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the d<span class=\"_ _5\"></span>eli<span class=\"_ _5\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018S<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt). B<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h del<span class=\"_ _5\"></span>ay dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s comp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>te de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s.Ga<span class=\"_ _5\"></span>in o<span class=\"_ _5\"></span>n di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"ff70\"> in 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le of a<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>res i<span class=\"_ _5\"></span>n Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s to ou<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e </span>comp<span class=\"_ _5\"></span>any. In 2021 the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e gain o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of 1<span class=\"_ _3\"></span>2.5% pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Gm<span class=\"_ _5\"></span>bh<span class=\"_ _5\"></span>, a Ge<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>n win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>m. Al<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e too<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in 2020<span class=\"_ _5\"></span>, an ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>ain o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2.<span class=\"_ _8\"></span>1 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R wa<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 as th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le and final settlement of a<span class=\"_ _3\"></span> contingent consideration<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>eviously account<span class=\"_ _3\"></span>ed for<span class=\"_ _8\"></span>.In 2022 the <span class=\"ff73\">g<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pl<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t </span>is ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f the j<span class=\"_ _5\"></span>ack-up i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>as cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>. S<span class=\"_ _5\"></span>ale t<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in A<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>l 2022. Ot<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>ain was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of ol<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t (Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent)<span class=\"_ _5\"></span>. In 2021 the gai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wa<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dr<span class=\"_ _5\"></span>illin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>m \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>h\u2019)<span class=\"_ _5\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The statement of<span class=\"_ _3\"></span> income i<span class=\"_ _3\"></span>ncludes the<span class=\"_ _3\"></span> following amou<span class=\"_ _3\"></span>nts relating t<span class=\"_ _3\"></span>o leases:(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls8b ws99\">13,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _2a1\"> </span><span class=\"lsb wsc\">6,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _cc\"> </span><span class=\"ls82 ws90\">3,36<span class=\"_ _5\"></span>4</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _1a9\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _ea\"> </span><span class=\"lsf ws13\">28<span class=\"_ _5\"></span>,582<span class=\"_ _7a\"> </span><span class=\"ls5c ws65\">2<span class=\"_ _5\"></span>1,73<span class=\"_ _5\"></span>8</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se (i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t)<span class=\"_ _2dd\"> </span><span class=\"ls78 ws86\">1,6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _7e\"> </span>1,<span class=\"_ _4\"></span>257</span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es<span class=\"_ _197\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _8\"></span>1<span class=\"_ _cc\"> </span><span class=\"ls7c ws8a\">2<span class=\"_ _5\"></span>,694</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _8e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ls7f ws8d\">76</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _2de\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _8f\"> </span>25<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span>NOTE 20 <span class=\"_ _5\"></span>\u2013 LE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SE L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BIL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-7": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. The<span class=\"ff6a ls16 ws1d\"> operating<span class=\"_ _3\"></span> result<span class=\"ff61 ls3 ws3\"> or EBIT in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n </span></span>EUR bu<span class=\"_ _5\"></span>t the EB<span class=\"_ _5\"></span>IT ma<span class=\"_ _5\"></span>rgin r<span class=\"_ _5\"></span>emain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame, d<span class=\"_ _5\"></span>ue to a high<span class=\"_ _5\"></span>er numb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l do<span class=\"_ _5\"></span>cki<span class=\"_ _5\"></span>ngs an<span class=\"_ _5\"></span>d over<span class=\"_ _5\"></span>haul<span class=\"_ _5\"></span>s, inflation, consumables a<span class=\"_ _3\"></span>nd commodity price in<span class=\"_ _3\"></span>creases. The <span class=\"ff6a ls16 ws1d\">depreciation expenses </span>incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to the n<span class=\"_ _5\"></span>ew ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>, \u2018S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 and \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>oen<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>\u2019. On the oth<span class=\"_ _5\"></span>er han<span class=\"_ _5\"></span>d, n<span class=\"_ _5\"></span>o signi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant <span class=\"ff6a ls34 ws3e\">impair<span class=\"_ _5\"></span>ments</span> are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed in 2022 while in 2021<span class=\"_ _8\"></span>, 35 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s were included. <span class=\"ff6a ls16 ws1d\">Other operating<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpenses<span class=\"ff61 ls3 ws3\"> decr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 20 </span></span>million EUR and will be fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her exp<span class=\"_ _5\"></span>lained in the note<span class=\"_ _5\"></span>s.Concessions, Other 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _20f\"> </span>4,096<span class=\"_ _1ee\"> </span>4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _21e\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _9d\"> </span><span class=\"ls1c ws26\">37<span class=\"_ _5\"></span>1<span class=\"_ _2b\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>5</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _27e\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _14e\"> </span><span class=\"lsa wsb\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span>1,<span class=\"_ _5\"></span>324</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853<span class=\"_ _2b\"> </span></span>-<span class=\"_ _91\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _257\"> </span>5,<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>34,4<span class=\"_ _5\"></span>08<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">13,588<span class=\"_ _af\"> </span><span class=\"ls57 ws60\">53,<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>6</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _27f\"> </span>4,096<span class=\"_ _27d\"> </span><span class=\"lsc1 wscd\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span></span>9,078<span class=\"_ _1ee\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _1a3\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _14e\"> </span><span class=\"ls57 ws60\">3,056<span class=\"_ _e0\"> </span></span>885<span class=\"_ _213\"> </span><span class=\"ls82 ws90\">3,9<span class=\"_ _5\"></span>42</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _f7\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-15<span class=\"_ _4\"></span>6<span class=\"_ _179\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _27d\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>94<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>9,52<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _1a3\"> </span>-<span class=\"_ _af\"> </span>22<span class=\"_ _5\"></span>,30<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"lsf ws13\">3<span class=\"_ _5\"></span>,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _13c\"> </span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _1ee\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>26<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,644<span class=\"_ _1ee\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SAmor<span class=\"_ _5\"></span>tisation charge of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 lsb1 wsbe\"> is recognised under \u2018depreciation<span class=\"_ _8\"></span> and amor<span class=\"_ _5\"></span>tisation expense<span class=\"_ _5\"></span>s\u2019 in the c<span class=\"_ _3\"></span>onsolidated income<span class=\"_ _3\"></span> statement </span>for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.Concessions,<span class=\"ls3 ws3\"> </span>Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _134\"> </span>4,<span class=\"_ _5\"></span>007<span class=\"_ _27d\"> </span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>57<span class=\"_ _14e\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _1ee\"> </span><span class=\"ls4c ws5f\">6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>527</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _280\"> </span>-<span class=\"_ _14e\"> </span>1,620<span class=\"_ _95\"> </span><span class=\"ls36 ws3d\">288<span class=\"_ _213\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _1c6\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _2d\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _8f\"> </span></span>-1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _7c\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _14e\"> </span><span class=\"ls84 ws92\">4<span class=\"_ _5\"></span>,065<span class=\"_ _213\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _27f\"> </span>4,004<span class=\"_ _af\"> </span>23,625<span class=\"_ _213\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">35,<span class=\"_ _5\"></span>592</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _20c\"> </span>3<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _ce\"> </span><span class=\"ls8b ws99\">474<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>413</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _16e\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>5<span class=\"_ _c0\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _15a\"> </span></span>-1<span class=\"_ _4\"></span>,12<span class=\"_ _7\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _cc\"> </span>-<span class=\"_ _5\"></span>660<span class=\"_ _9d\"> </span><span class=\"ls8b ws99\">674<span class=\"_ _32\"> </span><span class=\"ls56 ws5e\">14</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span><span class=\"ls3 ws3\">9,078<span class=\"_ _93\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _20c\"> </span>3<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>932<span class=\"_ _2b\"> </span></span>-<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>5</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _23d\"> </span>-<span class=\"_ _af\"> </span>22,<span class=\"_ _5\"></span>308<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"ff70 lsb1 wsbe\"> is<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised under<span class=\"_ _3\"></span> \u2018depreciation a<span class=\"_ _3\"></span>nd amortisation exp<span class=\"_ _5\"></span>enses\u2019 in the consolidated<span class=\"_ _3\"></span> income statement for<span class=\"_ _3\"></span> an </span>amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he ea<span class=\"_ _5\"></span>rli<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t is reached.Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>The <span class=\"ff73 ls15d ws172\">depreciation<span class=\"_ _8\"></span> cost <span class=\"ff70 ls3 ws3\">of 2022 in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>es 0<span class=\"_ _5\"></span>.4 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. </span></span>Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r <span class=\"_ _6\"></span> Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _13c\"> </span>90,204<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _af\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _10c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _7e\"> </span><span class=\"ls79 ws87\">8,<span class=\"_ _5\"></span>252<span class=\"_ _8f\"> </span>42<span class=\"_ _5\"></span>,052</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _169\"> </span></span>-3,309<span class=\"_ _213\"> </span><span class=\"ls59 ws62\">-4,30<span class=\"_ _5\"></span>8<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-17,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>8</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _27\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>-39<span class=\"_ _5\"></span>1<span class=\"_ _35\"> </span>385<span class=\"_ _2e\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>4<span class=\"_ _167\"> </span><span class=\"ls76 ws84\">118</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28e\"> </span><span class=\"ls88 ws96\">-22<span class=\"_ _39\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls7b ws89\">-63<span class=\"_ _167\"> </span><span class=\"ls16 ws1d\">-84</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>99,<span class=\"_ _5\"></span>303<span class=\"_ _8f\"> </span>21<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>410<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>8<span class=\"_ _15f\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _28f\"> </span>23,09<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _290\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _cc\"> </span>6,40<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _8f\"> </span><span class=\"ls7c ws8a\">28,<span class=\"_ _5\"></span>582</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _15b\"> </span>-7<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _168\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>16<span class=\"_ _169\"> </span><span class=\"ls75 ws82\">-3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _78\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _32\"> </span>-<span class=\"_ _5\"></span>51<span class=\"_ _27\"> </span></span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _20\"> </span>15<span class=\"_ _5\"></span>3<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _1d9\"> </span><span class=\"ls7b ws89\">63</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _16f\"> </span><span class=\"ls75 ws82\">109<span class=\"_ _27\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _31\"> </span><span class=\"lse ws12\">89</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>29,<span class=\"_ _5\"></span>639<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>,759<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">20,468<span class=\"_ _202\"> </span><span class=\"ls57 ws60\">59,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _19b\"> </span>6<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _91\"> </span>5,008<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span><span class=\"lsf ws13\">90,620</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _6d\"> </span>69,66<span class=\"_ _5\"></span>4<span class=\"_ _8f\"> </span>11,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _15a\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _202\"> </span><span class=\"ls38 ws41\">98,994</span></span>NOTE 7 <span class=\"_ _5\"></span>\u2013 RI<span class=\"_ _5\"></span>GH<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>OF<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>USE <span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>SET<span class=\"_ _5\"></span>SThe depreciat<span class=\"_ _3\"></span>ion cost<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">of 2021 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s 34<span class=\"_ _5\"></span>.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of wh<span class=\"_ _5\"></span>ich 25<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes to t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e </span>cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>rs \u2018Al Maha<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018<span class=\"_ _3\"></span>Al Ja<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>af<span class=\"_ _4\"></span>\u2019. This imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal an<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om a s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>c reb<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g of o<span class=\"_ _5\"></span>ur fleet upon the delivery of the cutter section dredger \u2018Spart<span class=\"_ _5\"></span>acus\u2019<span class=\"_ _3\"></span>.Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd and other<span class=\"ls3 ws3\"> </span>Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _13c\"> </span>7<span class=\"_ _3\"></span>4,909<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>2<span class=\"_ _202\"> </span><span class=\"ls36 ws3d\">24,96<span class=\"_ _5\"></span>9<span class=\"_ _15f\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>10,830</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _291\"> </span>25,97<span class=\"_ _2\"></span>4<span class=\"_ _91\"> </span>3,428<span class=\"_ _213\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _213\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>332<span class=\"_ _164\"> </span>-2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span></span>-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>3</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _13c\"> </span>1<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _20\"> </span>295<span class=\"_ _2e\"> </span><span class=\"ls75 ws82\">101<span class=\"_ _7f\"> </span><span class=\"ls78 ws86\">1,52<span class=\"_ _5\"></span>2</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>90<span class=\"_ _3\"></span>,204<span class=\"_ _202\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _27d\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _21e\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>75<span class=\"_ _1d\"> </span>5,9<span class=\"_ _5\"></span>80<span class=\"_ _202\"> </span><span class=\"ls3f ws67\">10,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>58<span class=\"_ _7a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>13</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _102\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>43<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">3,364<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _213\"> </span></span></span>2<span class=\"_ _5\"></span>1,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _109\"> </span>-6<span class=\"_ _5\"></span>,386<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>2<span class=\"_ _14e\"> </span>-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _a9\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _88\"> </span><span class=\"lsc wsd\">-51<span class=\"_ _1e7\"> </span></span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _226\"> </span><span class=\"ls7a ws88\">458<span class=\"_ _20\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span></span>49<span class=\"_ _35\"> </span><span class=\"ls57 ws60\">622</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>23,090<span class=\"_ _cc\"> </span>5,<span class=\"_ _5\"></span>367<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _ba\"> </span>56,434<span class=\"_ _1e\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>972<span class=\"_ _8f\"> </span><span class=\"ls5a ws63\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>11<span class=\"_ _15a\"> </span><span class=\"ls79 ws87\">75,<span class=\"_ _5\"></span>917</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _7b\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span>5,0<span class=\"_ _5\"></span>09<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>97<span class=\"_ _202\"> </span><span class=\"lsf ws13\">9<span class=\"_ _5\"></span>0,620</span></span>The statement of<span class=\"_ _3\"></span> income i<span class=\"_ _3\"></span>ncludes the<span class=\"_ _3\"></span> following amou<span class=\"_ _3\"></span>nts relating t<span class=\"_ _3\"></span>o leases:(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls8b ws99\">13,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _2a1\"> </span><span class=\"lsb wsc\">6,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _cc\"> </span><span class=\"ls82 ws90\">3,36<span class=\"_ _5\"></span>4</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _1a9\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _ea\"> </span><span class=\"lsf ws13\">28<span class=\"_ _5\"></span>,582<span class=\"_ _7a\"> </span><span class=\"ls5c ws65\">2<span class=\"_ _5\"></span>1,73<span class=\"_ _5\"></span>8</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se (i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t)<span class=\"_ _2dd\"> </span><span class=\"ls78 ws86\">1,6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _7e\"> </span>1,<span class=\"_ _4\"></span>257</span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es<span class=\"_ _197\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _8\"></span>1<span class=\"_ _cc\"> </span><span class=\"ls7c ws8a\">2<span class=\"_ _5\"></span>,694</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _8e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ls7f ws8d\">76</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _2de\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _8f\"> </span>25<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span>NOTE 20 <span class=\"_ _5\"></span>\u2013 LE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SE L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BIL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-8": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. The in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in <span class=\"ff6a ls31 ws3a\">investments<span class=\"_ _3\"></span> in joi<span class=\"_ _3\"></span>nt v<span class=\"_ _3\"></span>entures<span class=\"_ _3\"></span> and<span class=\"ff61 ls3 ws3\"> </span></span>associates<span class=\"_ _8\"></span><span class=\"ff61 ls3 ws3\"> i<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o </span>the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>ompr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome (<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>caus<span class=\"_ _5\"></span>e of the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st-rate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es).Be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e reas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, we al<span class=\"_ _5\"></span>so o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in <span class=\"ff6a ls34 ws3e\">non-<span class=\"_ _5\"></span>current and current fina<span class=\"_ _5\"></span>ncial </span>derivatives<span class=\"ff61 ls3 ws3\"> due to the p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive ev<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e </span>fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in 2022.The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Chall<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied o<span class=\"_ _5\"></span>ut w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin a Ja<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en DEM<span class=\"_ _5\"></span>E (49%<span class=\"_ _3\"></span>) and p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner P<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>-Oce<span class=\"_ _5\"></span>an Co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any w<span class=\"_ _5\"></span>ill up<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ake po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>ea C<span class=\"_ _5\"></span>hall<span class=\"_ _5\"></span>eng<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2024 and ref<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el to t<span class=\"_ _5\"></span>he NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTJap<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g. A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re is c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt is n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>\u2019of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E is ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d shar<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In 2020 CDWE<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEME (49.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>ind i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Jad<span class=\"_ _5\"></span>e\u2019 i<span class=\"_ _5\"></span>n T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing h<span class=\"_ _5\"></span>eav<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>dut<span class=\"_ _5\"></span>y cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e and i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>P3 cap<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>ch cra<span class=\"_ _5\"></span>ne w<span class=\"_ _5\"></span>ith a l<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of 4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Sta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng in 2023, t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>hri<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>al of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>s the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture i<span class=\"_ _5\"></span>s inte<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 of the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. D<span class=\"_ _5\"></span>EME h<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>ver inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>rox<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ely 3<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R in CDWE i<span class=\"_ _5\"></span>n 2020 and 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR in 2021 as ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>o add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal w<span class=\"_ _5\"></span>as inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E in 2022. Th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ed a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m ba<span class=\"_ _5\"></span>nk lo<span class=\"_ _5\"></span>an t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dra<span class=\"_ _5\"></span>wn in 2023 fo<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>yme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jad<span class=\"_ _5\"></span>e\u2019.The<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>e DEME h<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te. T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r wh<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve, ar<span class=\"_ _5\"></span>e all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e suc<span class=\"_ _5\"></span>h as sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns on e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is al<span class=\"_ _5\"></span>loc<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he li<span class=\"_ _5\"></span>ne <span class=\"ff73 ls15d ws172\">'other mov<span class=\"_ _8\"></span>ement<span class=\"_ _5\"></span>s'<span class=\"ff70 ls3 ws3\">. The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve or n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er fr<span class=\"_ _5\"></span>om r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in </span></span>joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>n. I<span class=\"_ _5\"></span>f af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on the n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a negative inv<span class=\"_ _3\"></span>estment within non-current asset<span class=\"_ _5\"></span>s.Additions of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>n 2022 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s for 3<span class=\"_ _5\"></span>.9 </span>milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s are ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d mor<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in Thi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tle W<span class=\"_ _5\"></span>ind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of 2022 thi<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m had b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n awa<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d 2GW w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h of op<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>eas i<span class=\"_ _5\"></span>n Sc<span class=\"_ _5\"></span>otl<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>\u2019s hi<span class=\"_ _5\"></span>ghl<span class=\"_ _5\"></span>y comp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Sc<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to a ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in S<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>s NV, withi<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. In 2021 an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wa<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEM<span class=\"_ _5\"></span>E (4<span class=\"_ _3\"></span>9.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Ja<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>\u2019 in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture is co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>his n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 bu<span class=\"_ _5\"></span>t DEM<span class=\"_ _5\"></span>E\u2019s fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g in th<span class=\"_ _5\"></span>e new v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms o<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>nd the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e ho<span class=\"_ _5\"></span>ld in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (IR<span class=\"_ _5\"></span>S)<span class=\"_ _5\"></span>. Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the <span class=\"ff73 ls15d ws172\">other comprehensiv<span class=\"_ _8\"></span>e income (<span class=\"_ _8\"></span>OCI)<span class=\"ff70 ls3 ws3\"> of the cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span></span>incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es a p<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 28<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to a n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f -22.2 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2021 (<span class=\"_ _8\"></span>+50.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EUR mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear). T<span class=\"_ _5\"></span>his r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEM<span class=\"_ _5\"></span>E\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux SA<span class=\"_ _5\"></span>, BA<span class=\"_ _4\"></span>AK B<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>kenbu<span class=\"_ _5\"></span>rg-Verb<span class=\"_ _5\"></span>indi<span class=\"_ _5\"></span>ng BV an<span class=\"_ _5\"></span>d Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMO<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>, ne<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A mi<span class=\"_ _5\"></span>nor a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of -<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>02 milli<span class=\"_ _5\"></span>on EUR re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>es to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e (DEME s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e) is in<span class=\"_ _5\"></span>dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. The m<span class=\"_ _5\"></span>ajor p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e of jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ 50.<span class=\"_ _5\"></span>5 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R) is r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the g<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in mark<span class=\"_ _8\"></span>et interest ra<span class=\"_ _3\"></span>tes c<span class=\"_ _3\"></span>ompared<span class=\"_ _8\"></span> to the h<span class=\"_ _3\"></span>edged i<span class=\"_ _3\"></span>nterest<span class=\"_ _3\"></span> rates.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he <span class=\"ff73 ls116 ws9d\">divide<span class=\"_ _5\"></span>nds distributed by<span class=\"_ _3\"></span> the participations<span class=\"ff70 lsb1 wsbe\"> in 20<span class=\"_ _8\"></span>22, the a<span class=\"_ _3\"></span>mount received from<span class=\"_ _3\"></span> associates comes from the participations </span></span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d C<span class=\"_ _3\"></span>-P<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r NV, where<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y com<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>a NV.Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e <span class=\"ff73\">re<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es</span><span class=\"lsb1 wsbe\"> (9.3 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR) is related to<span class=\"_ _8\"></span> the Concessions segment and its participations in </span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V and S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e NV th<span class=\"_ _5\"></span>at op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s to it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g BV an<span class=\"_ _5\"></span>d in Por<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm C<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any SAO<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or 5.<span class=\"_ _5\"></span>6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R to th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>will i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s is 0.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>o cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>unt in 2<span class=\"_ _5\"></span>022 nor in 2021<span class=\"_ _3\"></span>. The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>ll inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d. O<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the segment reporting<span class=\"_ _5\"></span>, a separate<span class=\"_ _3\"></span> chapter i<span class=\"_ _3\"></span>n this re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t, joint ventu<span class=\"_ _3\"></span>res are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the proportionate consolidation method.The <span class=\"ff73 ls3 ws3\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>es ov<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span>are explained below<span class=\"_ _8\"></span>.The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESSummarised financial<span class=\"ls3 ws3\"> </span> information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>30,61<span class=\"_ _8\"></span>0<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,826,690</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>53,<span class=\"_ _5\"></span>552<span class=\"_ _8f\"> </span>43,96<span class=\"_ _8\"></span>7<span class=\"_ _b2\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>472<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _246\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>06<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _293\"> </span>9,38<span class=\"_ _5\"></span>8<span class=\"_ _31\"> </span>90<span class=\"_ _15a\"> </span>21,016<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _b2\"> </span><span class=\"ff72 ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _23a\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>4<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>37,337<span class=\"_ _15d\"> </span><span class=\"ls57 ws60\">38<span class=\"_ _5\"></span>9,282<span class=\"_ _af\"> </span><span class=\"ff72 ls6b ws78\">471,93<span class=\"_ _5\"></span>7</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _294\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1e7\"> </span>-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _169\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">2<span class=\"_ _5\"></span>,604<span class=\"_ _5\"></span>,622<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">2,<span class=\"_ _5\"></span>619<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>857</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _213\"> </span>47,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _15a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ls58 ws61\">698,<span class=\"_ _5\"></span>325<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">76<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>18</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _2e\"> </span>3<span class=\"_ _5\"></span>19<span class=\"_ _91\"> </span>3<span class=\"_ _5\"></span>,625<span class=\"_ _8f\"> </span><span class=\"ls8b ws99\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>213<span class=\"_ _15a\"> </span><span class=\"ff72 ls69 ws75\">61<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>51</span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>und i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt) o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>m are m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re w<span class=\"_ _5\"></span>ind f<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms C-Pow<span class=\"_ _5\"></span>er, Rentel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as to b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ay an<span class=\"_ _5\"></span>d tunne<span class=\"_ _5\"></span>l of Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds (BA<span class=\"_ _4\"></span>AK<span class=\"_ _5\"></span>).Summarised financial <span class=\"ls3 ws3\"> </span>Concessionsinformation of main associates<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) C-Power NV<span class=\"_ _159\"> </span><span class=\"ls3 ws3\">Re<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _1de\"> </span><span class=\"lsa2 wsb1\">Seamade NV</span></span>Blankenburg- Verbinding BV(<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _259\"> </span>5<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>762<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span>1,062,5<span class=\"_ _8\"></span>73<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls16 ws1d\">2,41<span class=\"_ _8\"></span>9,407</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _23a\"> </span>112<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _93\"> </span>119<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _93\"> </span>1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>10<span class=\"_ _1e4\"> </span><span class=\"ff72 ls6b ws78\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>62<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>0<span class=\"_ _27d\"> </span>15<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>76<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span>1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _af\"> </span><span class=\"ff72 ls5c ws65\">6<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _297\"> </span>35<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>47<span class=\"_ _93\"> </span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>925<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>233<span class=\"_ _af\"> </span><span class=\"lsb wsc\">7<span class=\"_ _5\"></span>70,671<span class=\"_ _1e4\"> </span><span class=\"ff72 ls3 ws3\">2,6<span class=\"_ _5\"></span>95,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>72,<span class=\"_ _5\"></span>395<span class=\"_ _14e\"> </span>7<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _152\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _15a\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _3\"></span>08<span class=\"_ _159\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>99,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>89</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _1e1\"> </span>318<span class=\"_ _5\"></span>,371<span class=\"_ _27d\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>35<span class=\"_ _af\"> </span>924<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _15d\"> </span><span class=\"lsd wsf\">738<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>86<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,605,696</span></span>Income statementRevenues<span class=\"_ _e5\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _93\"> </span>12<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _af\"> </span>14<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _af\"> </span><span class=\"ls55 ws5d\">26<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>41<span class=\"_ _15d\"> </span><span class=\"ff72 ls88 ws96\">6<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _22f\"> </span>5,7<span class=\"_ _5\"></span>87<span class=\"_ _8f\"> </span>21,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _213\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _8f\"> </span><span class=\"ff72 ls69 ws75\">51,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _35\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>031,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>,17<span class=\"_ _4\"></span>8</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _cc\"> </span>2,938<span class=\"_ _15f\"> </span><span class=\"lsf ws13\">1<span class=\"_ _8\"></span>62,679<span class=\"_ _93\"> </span><span class=\"ls8 ws8\">17<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _4\"></span>5</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _2d\"> </span>19<span class=\"_ _5\"></span>8<span class=\"_ _93\"> </span><span class=\"ls7b ws89\">-6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,423<span class=\"_ _af\"> </span><span class=\"ff72 ls84 ws92\">-<span class=\"_ _5\"></span>64<span class=\"_ _5\"></span>,22<span class=\"_ _5\"></span>5</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsf ws13\">98<span class=\"_ _5\"></span>,256<span class=\"_ _da\"> </span><span class=\"ls31 ws3a\">106,889</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _f6\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _91\"> </span><span class=\"ls75 ws82\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _8f\"> </span></span></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _169\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _14e\"> </span>254,829<span class=\"_ _8\"></span> <span class=\"_ _7c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span>8,<span class=\"_ _5\"></span>352 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>82,<span class=\"_ _5\"></span>877<span class=\"_ _5\"></span> </span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 12<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,9<span class=\"_ _5\"></span>01 <span class=\"_ _1e\"> </span></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _af\"> </span>135,<span class=\"_ _2\"></span>14<span class=\"_ _5\"></span>8 </span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _221\"> </span>-<span class=\"_ _5\"></span>41,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _5\"></span>8 <span class=\"_ _84\"> </span><span class=\"ls1c ws26\">92<span class=\"_ _5\"></span>5 <span class=\"_ _55\"> </span></span>-<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">-4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,528<span class=\"_ _5\"></span> </span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 80,628 <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>939 <span class=\"_ _168\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _1bf\"> </span></span>-<span class=\"_ _202\"> </span></span>94,620 associates book<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>d as<span class=\"_ _3\"></span> a non-current<span class=\"_ _3\"></span> assetSummarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _f5\"> </span>25<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _91\"> </span>2,5<span class=\"_ _5\"></span>42<span class=\"_ _91\"> </span>5,<span class=\"_ _5\"></span>070<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls57 ws60\">259,8<span class=\"_ _5\"></span>59</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _228\"> </span><span class=\"ls34 ws3e\">104,25<span class=\"_ _3\"></span>8<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span></span></span></span><span class=\"ff72\">14<span class=\"_ _8\"></span>1,296</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _19c\"> </span>2<span class=\"_ _3\"></span>54,829<span class=\"_ _7a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span>8,<span class=\"_ _5\"></span>352<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls7b ws89\">282,<span class=\"_ _5\"></span>877</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _d8\"> </span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _163\"> </span>1,78<span class=\"_ _5\"></span>3<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls38 ws41\">70,985</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _106\"> </span>34,6<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _91\"> </span>8,826<span class=\"_ _91\"> </span>3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span><span class=\"ff72 ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _131\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>17<span class=\"_ _1e7\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>33<span class=\"_ _39\"> </span></span>-<span class=\"_ _7c\"> </span><span class=\"ff72 ls2c ws38\">22,<span class=\"_ _8\"></span>444</span>Income statementRevenues<span class=\"_ _1b3\"> </span>110<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _213\"> </span>16,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,13<span class=\"_ _4\"></span>2<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls16 ws1d\">1<span class=\"_ _8\"></span>34,451</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _298\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _a9\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">2,<span class=\"_ _5\"></span>353<span class=\"_ _39\"> </span></span>-<span class=\"_ _8f\"> </span><span class=\"ff72 ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>10</span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd D<span class=\"_ _5\"></span>eep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV<span class=\"_ _5\"></span>) an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>age w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (Sc<span class=\"_ _5\"></span>ald<span class=\"_ _5\"></span>is N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, a 5<span class=\"_ _5\"></span>0% joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th DEM<span class=\"_ _5\"></span>E Bui<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng Ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials B<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e was n<span class=\"_ _5\"></span>o ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in Ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ia (Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga L<span class=\"_ _5\"></span>LC) any<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>re in 2022.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3f\"> </span>-<span class=\"_ _91\"> </span>9,<span class=\"_ _5\"></span>955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">91,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"ls16 ws1d\">99,49<span class=\"_ _3\"></span>3</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _35\"> </span>197<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-6<span class=\"_ _5\"></span>0,300<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">-<span class=\"_\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"lse ws12\">39,390</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _29d\"> </span>-<span class=\"_ _91\"> </span>5,020<span class=\"_ _1d\"> </span>2<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>05<span class=\"_ _7a\"> </span><span class=\"ls34 ws3e\">34,39<span class=\"_ _8\"></span>2<span class=\"_ _7a\"> </span><span class=\"ff72 ls33 ws3c\">42,21<span class=\"_ _8\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _32\"> </span>-37<span class=\"_ _169\"> </span><span class=\"ls37 ws83\">-2,<span class=\"_ _3\"></span>790<span class=\"_ _15a\"> </span><span class=\"ff72 ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7</span></span>Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _fc\"> </span>15<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>76<span class=\"_ _15a\"> </span>19<span class=\"_ _8\"></span>,266<span class=\"_ _cc\"> </span>5,266<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">181,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>91,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _14e\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _29b\"> </span><span class=\"ff72 lse ws12\">1<span class=\"_ _8\"></span>36<span class=\"_ _5\"></span>,398</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _f9\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _91\"> </span>5,4<span class=\"_ _5\"></span>66<span class=\"_ _7f\"> </span>2<span class=\"_ _7\"></span>,13<span class=\"_ _7\"></span>6<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls4c ws5f\">65<span class=\"_ _5\"></span>,523</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>34,69<span class=\"_ _8\"></span>7<span class=\"_ _7a\"> </span>2<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _7f\"> </span>3,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ff72 ls38 ws41\">60,<span class=\"_ _5\"></span>346</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _109\"> </span>27,497<span class=\"_ _168\"> </span>-1,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>27<span class=\"_ _39\"> </span></span>-<span class=\"_ _202\"> </span><span class=\"ff72 ls18 ws20\">23,305</span>Income statementRevenues<span class=\"_ _29c\"> </span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span>14<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2<span class=\"_ _7e\"> </span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls33 ws3c\">242,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>32</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>4<span class=\"_ _5\"></span>,79<span class=\"_ _4\"></span>0<span class=\"_ _14e\"> </span>-<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>958<span class=\"_ _20\"> </span><span class=\"ls89 ws97\">817<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"ff72 ls19 ws16\">6<span class=\"_ _5\"></span>49</span>Summarised financial <span class=\"ls3 ws3\"> </span>information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _2e\"> </span>12<span class=\"_ _5\"></span>5<span class=\"_ _202\"> </span>34,88<span class=\"_ _5\"></span>4<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>0<span class=\"_ _b2\"> </span><span class=\"ff72 ls33 ws3c\">2,952,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>49</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _205\"> </span>-<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>47<span class=\"_ _15a\"> </span>42,363<span class=\"_ _15f\"> </span><span class=\"ls19 ws16\">966,044<span class=\"_ _1e4\"> </span></span><span class=\"ff72\">1,045,9<span class=\"_ _8\"></span>54</span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _34\"> </span>-<span class=\"_ _91\"> </span>9,955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _299\"> </span>-<span class=\"_ _7f\"> </span>1,<span class=\"_ _5\"></span>715<span class=\"_ _15a\"> </span>23<span class=\"_ _5\"></span>,059<span class=\"_ _b1\"> </span><span class=\"ls13 ws9a\">2<span class=\"_ _3\"></span>,887<span class=\"_ _2\"></span>,89<span class=\"_ _3\"></span>2<span class=\"_ _1e4\"> </span><span class=\"ff72 ls33 ws3c\">2,91<span class=\"_ _2\"></span>2,666</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _29a\"> </span>-<span class=\"_ _202\"> </span>26,002<span class=\"_ _7a\"> </span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>19<span class=\"_ _15f\"> </span><span class=\"ls34 ws3e\">344,405<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _f6\"> </span>-<span class=\"_ _168\"> </span>-7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14e\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsf ws13\">2,508,01<span class=\"_ _8\"></span>1<span class=\"_ _89\"> </span><span class=\"ff72 ls33 ws3c\">2,5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>2,595</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _8f\"> </span>43<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _8f\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9<span class=\"_ _af\"> </span><span class=\"lsb wsc\">673,<span class=\"_ _5\"></span>026<span class=\"_ _af\"> </span><span class=\"ff72 ls8 ws8\">7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _1bf\"> </span>2<span class=\"_ _163\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1<span class=\"_ _14e\"> </span><span class=\"ls147 ws157\">6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _7a\"> </span><span class=\"ff72 ls38 ws41\">70,250</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSReconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _169\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span></span>-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _7a\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _1d\"> </span>2,434<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7a\"> </span><span class=\"ls8 ws8\">9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _95\"> </span><span class=\"ls84 ws92\">-4<span class=\"_ _5\"></span>65<span class=\"_ _35\"> </span><span class=\"ls1c ws26\">925<span class=\"_ _27\"> </span></span></span>-<span class=\"_ _c0\"> </span><span class=\"ff72 ls10 ws14\">460</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _15a\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>,15<span class=\"_ _5\"></span>3<span class=\"_ _7e\"> </span>3,<span class=\"_ _5\"></span>359<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ls16 ws1d\">90,564</span></span>associates",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-9": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. Concessions, Other 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _20f\"> </span>4,096<span class=\"_ _1ee\"> </span>4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _21e\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _9d\"> </span><span class=\"ls1c ws26\">37<span class=\"_ _5\"></span>1<span class=\"_ _2b\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>5</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _27e\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _14e\"> </span><span class=\"lsa wsb\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span>1,<span class=\"_ _5\"></span>324</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853<span class=\"_ _2b\"> </span></span>-<span class=\"_ _91\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _257\"> </span>5,<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>34,4<span class=\"_ _5\"></span>08<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">13,588<span class=\"_ _af\"> </span><span class=\"ls57 ws60\">53,<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>6</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _27f\"> </span>4,096<span class=\"_ _27d\"> </span><span class=\"lsc1 wscd\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span></span>9,078<span class=\"_ _1ee\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _1a3\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _14e\"> </span><span class=\"ls57 ws60\">3,056<span class=\"_ _e0\"> </span></span>885<span class=\"_ _213\"> </span><span class=\"ls82 ws90\">3,9<span class=\"_ _5\"></span>42</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _f7\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-15<span class=\"_ _4\"></span>6<span class=\"_ _179\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _27d\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>94<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>9,52<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _1a3\"> </span>-<span class=\"_ _af\"> </span>22<span class=\"_ _5\"></span>,30<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"lsf ws13\">3<span class=\"_ _5\"></span>,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _13c\"> </span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _1ee\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>26<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,644<span class=\"_ _1ee\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SAn am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1<span class=\"_ _3\"></span>7 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e 25.<span class=\"_ _5\"></span>5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R tot<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k valu<span class=\"_ _5\"></span>e of i<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>ngi<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he yea<span class=\"_ _5\"></span>r 2021 is rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>urc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (PPA)-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xerc<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e SP<span class=\"_ _5\"></span>T O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re gr<span class=\"_ _5\"></span>oup (at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2020). T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>ver t<span class=\"_ _5\"></span>he eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e of 10 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The <span class=\"ff73 ls116 ws9d\">addition of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> 2021 of 1.9 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R is pr<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ril<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f so<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>cenc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.</span></span>Amor<span class=\"_ _5\"></span>tisation charge of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 lsb1 wsbe\"> is recognised under \u2018depreciation<span class=\"_ _8\"></span> and amor<span class=\"_ _5\"></span>tisation expense<span class=\"_ _5\"></span>s\u2019 in the c<span class=\"_ _3\"></span>onsolidated income<span class=\"_ _3\"></span> statement </span>for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.Concessions,<span class=\"ls3 ws3\"> </span>Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _134\"> </span>4,<span class=\"_ _5\"></span>007<span class=\"_ _27d\"> </span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>57<span class=\"_ _14e\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _1ee\"> </span><span class=\"ls4c ws5f\">6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>527</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _280\"> </span>-<span class=\"_ _14e\"> </span>1,620<span class=\"_ _95\"> </span><span class=\"ls36 ws3d\">288<span class=\"_ _213\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _1c6\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _2d\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _8f\"> </span></span>-1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _7c\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _14e\"> </span><span class=\"ls84 ws92\">4<span class=\"_ _5\"></span>,065<span class=\"_ _213\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _27f\"> </span>4,004<span class=\"_ _af\"> </span>23,625<span class=\"_ _213\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">35,<span class=\"_ _5\"></span>592</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _20c\"> </span>3<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _ce\"> </span><span class=\"ls8b ws99\">474<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>413</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _16e\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>5<span class=\"_ _c0\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _15a\"> </span></span>-1<span class=\"_ _4\"></span>,12<span class=\"_ _7\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _cc\"> </span>-<span class=\"_ _5\"></span>660<span class=\"_ _9d\"> </span><span class=\"ls8b ws99\">674<span class=\"_ _32\"> </span><span class=\"ls56 ws5e\">14</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span><span class=\"ls3 ws3\">9,078<span class=\"_ _93\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _20c\"> </span>3<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>932<span class=\"_ _2b\"> </span></span>-<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>5</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _23d\"> </span>-<span class=\"_ _af\"> </span>22,<span class=\"_ _5\"></span>308<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>An am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 14.4 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR ou<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he 24.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R tot<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>ook v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to the p<span class=\"_ _5\"></span>urc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (PPA)-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xerc<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e SP<span class=\"_ _5\"></span>T O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re gr<span class=\"_ _5\"></span>oup (at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2020). T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>ver t<span class=\"_ _5\"></span>he eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e of 10 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">sales and<span class=\"_ _3\"></span> disposals<span class=\"ff70 ls3 ws3\"> of the ye<span class=\"_ _5\"></span>ar 2022, a f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d lice<span class=\"_ _5\"></span>nce f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>, tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>as di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>f for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"ff70 lsb1 wsbe\"> is<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised under<span class=\"_ _3\"></span> \u2018depreciation a<span class=\"_ _3\"></span>nd amortisation exp<span class=\"_ _5\"></span>enses\u2019 in the consolidated<span class=\"_ _3\"></span> income statement for<span class=\"_ _3\"></span> an </span>amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 3.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he ea<span class=\"_ _5\"></span>rli<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t is reached.In th<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">addition of the<span class=\"_ _3\"></span> year<span class=\"ff70 ls3 ws3\"> 20<span class=\"_ _3\"></span>22, an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1.<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns </span></span>segment.The c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, pa<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and li<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ces d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e ind<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ful l<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70 lsb1 wsbe\">also transfers from asset<span class=\"_ _5\"></span>s under<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion originally<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ooked within property, </span></span>plant and<span class=\"_ _8\"></span> equipment are i<span class=\"_ _3\"></span>ncluded.NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTIn th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er to \u2018o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\u2019 r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r of a ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>or a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han o<span class=\"_ _5\"></span>ne yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019<span class=\"ff70\">,</span> <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-10": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. T<span class=\"_ _2\"></span>otal assets<span class=\"ff61 ls3 ws3\"> of the ye<span class=\"_ _5\"></span>ar inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th 4<span class=\"_ _5\"></span>60.<span class=\"_ _5\"></span>2 mil<span class=\"_ _5\"></span>lion </span>EUR<span class=\"_ _5\"></span>, of w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se in <span class=\"ff6a ls33 ws3c\">prop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ty<span class=\"_ _3\"></span>, plant </span>and<span class=\"ff61 ls3 ws3\"> </span><span class=\"ls34 ws3e\">equipment<span class=\"ff61 lse ws12\"> represents the largest increasing<span class=\"_ _3\"></span> </span></span>cat<span class=\"_ _5\"></span>ego<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce she<span class=\"_ _5\"></span>et (+ 1<span class=\"_ _2\"></span>63 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR). Main inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 2022 includ<span class=\"_ _5\"></span>e the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019, DEME\u2019s revolut<span class=\"_ _5\"></span>ionar<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e installa<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel whic<span class=\"_ _5\"></span>h of<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>cially was a<span class=\"_ _5\"></span>dde<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>lee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d quar<span class=\"_ _4\"></span>ter of 2<span class=\"_ _5\"></span>022, the a<span class=\"_ _5\"></span>cquis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion an<span class=\"_ _5\"></span>d conve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f ca<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>-l<span class=\"_ _5\"></span>ayin<span class=\"_ _5\"></span>g ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ikin<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in a n<span class=\"_ _5\"></span>ew ro<span class=\"_ _5\"></span>ck dump<span class=\"_ _5\"></span>ing ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l and t<span class=\"_ _5\"></span>he up<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>de of t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ller<span class=\"_ _4\"></span>\u2019<span class=\"_ _3\"></span>. Als<span class=\"_ _5\"></span>o si<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>can<span class=\"_ _5\"></span>t main<span class=\"_ _5\"></span>tenan<span class=\"_ _5\"></span>ce inves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s in D<span class=\"_ _5\"></span>EME\u2019s ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d. Lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pla<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt <span class=\"ff70\">i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>ld cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea </span>I<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>\u2019.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>In 2022 the <span class=\"ff73\">g<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pl<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t </span>is ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f the j<span class=\"_ _5\"></span>ack-up i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>as cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>. S<span class=\"_ _5\"></span>ale t<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in A<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>l 2022. Ot<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>ain was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of ol<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t (Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent)<span class=\"_ _5\"></span>. In 2021 the gai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wa<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dr<span class=\"_ _5\"></span>illin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>m \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>h\u2019)<span class=\"_ _5\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SThe c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, pa<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and li<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ces d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e ind<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ful l<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70 lsb1 wsbe\">also transfers from asset<span class=\"_ _5\"></span>s under<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion originally<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ooked within property, </span></span>plant and<span class=\"_ _8\"></span> equipment are i<span class=\"_ _3\"></span>ncluded.The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Chall<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied o<span class=\"_ _5\"></span>ut w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin a Ja<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en DEM<span class=\"_ _5\"></span>E (49%<span class=\"_ _3\"></span>) and p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner P<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>-Oce<span class=\"_ _5\"></span>an Co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any w<span class=\"_ _5\"></span>ill up<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ake po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>ea C<span class=\"_ _5\"></span>hall<span class=\"_ _5\"></span>eng<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2024 and ref<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el to t<span class=\"_ _5\"></span>he At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, <span class=\"ff73 ls116 ws9d\">the net<span class=\"_ _3\"></span> book value of<span class=\"_ _8\"></span> \u2018<span class=\"_ _5\"></span>Floating equipment\u2019 as part of \u2018Floating and other c<span class=\"_ _3\"></span>onstruc<span class=\"_ _5\"></span>tion equipment\u2019 </span>contributes 99% t<span class=\"_ _3\"></span>o the total<span class=\"_ _3\"></span> of this category.<span class=\"_ _8\"></span> O<span class=\"_ _5\"></span>ther construc<span class=\"_ _5\"></span>tion equipment<span class=\"_ _8\"></span> w<span class=\"_ _5\"></span>ithin \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019 consists amongst other of<span class=\"_ _3\"></span> dry ear<span class=\"_ _5\"></span>th moving<span class=\"_ _3\"></span> equipment, pipeli<span class=\"_ _3\"></span>nes and eq<span class=\"_ _3\"></span>uipment of<span class=\"_ _8\"></span> DEME Infra.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st h<span class=\"_ _5\"></span>alf o<span class=\"_ _5\"></span>f 2022 the D<span class=\"_ _5\"></span>P3 of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>\u2019 jo<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t </span>and w<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om \u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>r construc<span class=\"_ _5\"></span>tion\u2019 to \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019.In Jan<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>y 2022, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o an ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he No<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>gia<span class=\"_ _5\"></span>n ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g com<span class=\"_ _5\"></span>pany E<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>vik t<span class=\"_ _5\"></span>o <span class=\"ff73\">acq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>P3 of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span>in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Ne<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">DEME is u<span class=\"_ _5\"></span>pgr<span class=\"_ _5\"></span>adi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el in<span class=\"_ _5\"></span>to a ca<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e layi<span class=\"_ _5\"></span>ng ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el a<span class=\"_ _5\"></span>nd w<span class=\"_ _5\"></span>ill in<span class=\"_ _5\"></span>teg<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l int<span class=\"_ _5\"></span>o the </span>DEME f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st q<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er of 2023.In li<span class=\"_ _5\"></span>ght o<span class=\"_ _5\"></span>f upg<span class=\"_ _5\"></span>rad<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t, D<span class=\"_ _5\"></span>EME a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o <span class=\"ff73\">inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in a n<span class=\"_ _5\"></span>ew DP f<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>lp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el </span>b<span class=\"_ _5\"></span>y pur<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>sing a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nver<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g a bul<span class=\"_ _5\"></span>k car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>er. The ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h a cent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m wi<span class=\"_ _5\"></span>th a la<span class=\"_ _5\"></span>rge i<span class=\"_ _5\"></span>ncli<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d fal<span class=\"_ _5\"></span>lpip<span class=\"_ _5\"></span>e in or<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r to all<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>- and p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-la<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es us<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th lar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>r diam<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>, cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e to s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>ea s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wil<span class=\"_ _5\"></span>l joi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t in the f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t ha<span class=\"_ _5\"></span>lf o<span class=\"_ _5\"></span>f 2024.The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n 2022 in the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n\u2019, \u2018<span class=\"_ _5\"></span>Vik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019 and t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>allp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el (all as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), ar<span class=\"_ _5\"></span>e included in<span class=\"_ _3\"></span> the additions i<span class=\"_ _3\"></span>n \u2018<span class=\"_ _8\"></span>As<span class=\"_ _5\"></span>sets under construc<span class=\"_ _5\"></span>tion\u2019<span class=\"_ _8\"></span>.The DP2<span class=\"_ _8\"></span> jack-up i<span class=\"_ _3\"></span>nstallation vessels <span class=\"ff73 ls1d4 ws1fa\">\u2018Sea Challe<span class=\"_ _3\"></span>nger\u2019 and \u2018Sea Installer\u2019 are<span class=\"_ _3\"></span> currently<span class=\"_ _3\"></span> undergoing<span class=\"_ _3\"></span> an extensive<span class=\"_ _8\"></span> upgrade, <span class=\"ff70 ls170 ws185\">preparing </span></span>the<span class=\"_ _5\"></span>m fo<span class=\"_ _5\"></span>r of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d fa<span class=\"_ _5\"></span>rm pr<span class=\"_ _5\"></span>oj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in Jap<span class=\"_ _5\"></span>an an<span class=\"_ _5\"></span>d US<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r bo<span class=\"_ _5\"></span>th ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>e\u2019s li<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>apa<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>rom 9<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es to 1,60<span class=\"_ _5\"></span>0 tonn<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>am and l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ger l<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>s will e<span class=\"_ _5\"></span>nab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>els t<span class=\"_ _5\"></span>o han<span class=\"_ _5\"></span>dle t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f me<span class=\"_ _5\"></span>ga w<span class=\"_ _5\"></span>ind tu<span class=\"_ _5\"></span>rbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>s. Th<span class=\"_ _5\"></span>e am<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>nt i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>a In<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 <span class=\"ff70 lsb1 wsbe\">is included in the<span class=\"_ _8\"></span> additions in \u2018Floating and other construction equipment\u2019.</span>Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>52% of DEM<span class=\"_ _5\"></span>E\u2019s CA<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s <span class=\"ff73 ls1ba ws1df\">taxonomy-eligible &amp; aligned<span class=\"_ _3\"></span> CAPE<span class=\"_ _5\"></span>X<span class=\"ff70 ls3 ws3\"> (20<span class=\"_ _3\"></span>21<span class=\"_ _8\"></span>: 32%). This p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge (in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to </span></span>las<span class=\"_ _5\"></span>t ye<span class=\"_ _5\"></span>ar as a r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>iki<span class=\"_ _5\"></span>ng N<span class=\"_ _5\"></span>eptu<span class=\"_ _5\"></span>n\u2019<span class=\"_ _5\"></span>) is dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>EME\u2019s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g on c<span class=\"_ _5\"></span>lima<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>nge m<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n project<span class=\"_ _5\"></span>s such as<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e construction and installation of found<span class=\"_ _3\"></span>ations and wind<span class=\"_ _8\"></span> turbines and their shore<span class=\"_ _8\"></span> connec<span class=\"_ _5\"></span>tions. Further<span class=\"_ _5\"></span>more, at cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t, c<span class=\"_ _5\"></span>lima<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>o not h<span class=\"_ _5\"></span>ave any s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d hal<span class=\"_ _5\"></span>f of 2<span class=\"_ _5\"></span>022, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>s </span><span class=\"ls170 ws185\">was released followi<span class=\"_ _3\"></span>ng the ea<span class=\"_ _3\"></span>rly repayment of<span class=\"_ _3\"></span> the </span>related long<span class=\"_ _5\"></span>-term loan<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, <span class=\"ff73 ls116 ws9d\">the c<span class=\"_ _3\"></span>ommitment made for in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tments <span class=\"ff70 ls3 ws3\">in th<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>ing ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 192.6 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>r the </span></span>upg<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>des f<span class=\"_ _5\"></span>or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ik<span class=\"_ _5\"></span>ing N<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>un\u2019, \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ller<span class=\"_ _4\"></span>\u2019, the new f<span class=\"_ _5\"></span>allp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>me ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal m<span class=\"_ _5\"></span>odi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons t<span class=\"_ _5\"></span>o the \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>n\u2019.The line<span class=\"_ _8\"></span> <span class=\"ff73 ls1d4 ws1fa\">\u2018sales and disposals\u2019 </span><span class=\"lsb1 wsbe\">of<span class=\"_ _3\"></span> \u2018f<span class=\"_ _5\"></span>loating and other<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion equipment\u2019 includes 5<span class=\"_ _8\"></span>2 million E<span class=\"_ _8\"></span>UR (both acquisition cost and </span>cumulative<span class=\"_ _3\"></span> depreciation<span class=\"_ _3\"></span>) of priorly activated and fully depreciat<span class=\"_ _3\"></span>ed dry-<span class=\"_ _5\"></span>docking costs<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er to \u2018o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\u2019 r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r of a ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>or a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han o<span class=\"_ _5\"></span>ne yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. A ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>ith a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, h<span class=\"_ _5\"></span>as b<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d to <span class=\"ff73\">\u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.In 2021 the jac<span class=\"_ _5\"></span>k-up ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _4\"></span>Tho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32.5 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, wa<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o \u2018<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in 2022 (not<span class=\"_ _5\"></span>e (2)<span class=\"_ _8\"></span>).The <span class=\"ff73 ls15d ws172\">depreciation<span class=\"_ _8\"></span> cost <span class=\"ff70 ls3 ws3\">of 2022 in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>es 0<span class=\"_ _5\"></span>.4 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. </span></span>In 2022, 1.5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construc<span class=\"_ _5\"></span>tion were capitalised.</span>Jap<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g. A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re is c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt is n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>\u2019of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E is ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d shar<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In 2020 CDWE<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEME (49.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>ind i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Jad<span class=\"_ _5\"></span>e\u2019 i<span class=\"_ _5\"></span>n T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing h<span class=\"_ _5\"></span>eav<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>dut<span class=\"_ _5\"></span>y cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e and i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>P3 cap<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>ch cra<span class=\"_ _5\"></span>ne w<span class=\"_ _5\"></span>ith a l<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of 4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Sta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng in 2023, t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>hri<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>al of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>s the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture i<span class=\"_ _5\"></span>s inte<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 of the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. D<span class=\"_ _5\"></span>EME h<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>ver inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>rox<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ely 3<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R in CDWE i<span class=\"_ _5\"></span>n 2020 and 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR in 2021 as ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>o add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal w<span class=\"_ _5\"></span>as inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E in 2022. Th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ed a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m ba<span class=\"_ _5\"></span>nk lo<span class=\"_ _5\"></span>an t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dra<span class=\"_ _5\"></span>wn in 2023 fo<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>yme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jad<span class=\"_ _5\"></span>e\u2019.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, an amoun<span class=\"_ _5\"></span>t of 18.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">m<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls </span>is o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is a d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 37<span class=\"_ _2\"></span>.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to 55<span class=\"_ _5\"></span>.<span class=\"_ _3\"></span>7 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2020<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, <span class=\"ff73 ls116 ws9d\">the<span class=\"_ _8\"></span> commitmen<span class=\"_ _5\"></span>t made<span class=\"_ _3\"></span> for inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s <span class=\"ff70 ls3 ws3\">in the co<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g year<span class=\"_ _5\"></span>s am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 251<span class=\"_ _8\"></span>.7 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y for t<span class=\"_ _5\"></span>he </span></span>\u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 and t<span class=\"_ _5\"></span>he up<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els \u2018<span class=\"_ _4\"></span>Vik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019.In th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019<span class=\"ff70\">,</span> <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d.</span></span>In 2021 the of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re <span class=\"ff73\">ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>h\u2019) a<span class=\"_ _5\"></span>nd \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>liu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 we<span class=\"_ _5\"></span>re s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>. </span>No ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e \u2018O<span class=\"_ _5\"></span>mali<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019. See note (<span class=\"_ _8\"></span>2) Other operating income.The D<span class=\"_ _5\"></span>P2 of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k val<span class=\"_ _5\"></span>ue of 32.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, has b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to <span class=\"ff73\">\u2018As<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.The depreciat<span class=\"_ _3\"></span>ion cost<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">of 2021 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s 34<span class=\"_ _5\"></span>.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of wh<span class=\"_ _5\"></span>ich 25<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tes to t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e </span>cut<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>rs \u2018Al Maha<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018<span class=\"_ _3\"></span>Al Ja<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>af<span class=\"_ _4\"></span>\u2019. This imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal an<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om a s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>c reb<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g of o<span class=\"_ _5\"></span>ur fleet upon the delivery of the cutter section dredger \u2018Spart<span class=\"_ _5\"></span>acus\u2019<span class=\"_ _3\"></span>.In 2021<span class=\"_ _8\"></span>, 4<span class=\"_ _5\"></span>.4 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construction were capitalised.</span>In 20<span class=\"_ _8\"></span>21 the<span class=\"_ _8\"></span> cu<span class=\"_ _5\"></span>tter suction dredger <span class=\"ff73 ls116 ws9d\">\u2018Spartacus<span class=\"_ _5\"></span>\u2019 and the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>erv<span class=\"_ _5\"></span>ice operation v<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>ssel \u2018Groenewind\u2019 joined the fleet <span class=\"ff70 ls3 ws3\">and we<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d </span></span>from \u2018<span class=\"_ _8\"></span>As<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s under<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion\u2019 to \u2018Floating and<span class=\"_ _3\"></span> other construction equipment\u2019.End o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>, <span class=\"ff73\">t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he \u2018<span class=\"_ _5\"></span>Fl<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng e<span class=\"_ _5\"></span>q<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 </span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 97% of the to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of 1,887 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR f<span class=\"_ _5\"></span>or the \u2018Floating and other<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion equipment\u2019<span class=\"_ _8\"></span>. Other constr<span class=\"_ _5\"></span>uction equipment within<span class=\"_ _3\"></span> \u2018Floating and other construction equipment\u2019 consists amongst other of<span class=\"_ _3\"></span> dry ear<span class=\"_ _5\"></span>th moving<span class=\"_ _3\"></span> equipment, pipeli<span class=\"_ _3\"></span>nes and eq<span class=\"_ _3\"></span>uipment of<span class=\"_ _8\"></span> DEME Infra.NOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES S<span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>IT BY O<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>NThe c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s spl<span class=\"_ _5\"></span>it by t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ir or<span class=\"_ _5\"></span>igin i<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low.De<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>s (bo<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s) rel<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"ff70\"> ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y. Thes<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o </span>bo<span class=\"_ _5\"></span>th te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>y c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e DEME g<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n policy and impairment<span class=\"_ _3\"></span> corrections on fixed asset<span class=\"_ _5\"></span>s.Deferred taxes<span class=\"_ _3\"></span> regarding emplo<span class=\"_ _8\"></span>yee benefit<span class=\"_ _5\"></span>s<span class=\"ff70 ls3 ws3\"> (<span class=\"_ _3\"></span>onl<span class=\"_ _5\"></span>y de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s) are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>oked f<span class=\"_ _5\"></span>or em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts </span>acco<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its<span class=\"_ _5\"></span>.The colum<span class=\"_ _3\"></span>n <span class=\"ff73 ls15d ws172\">rev<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>sal statutory provision<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>or re<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>r and m<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>enan<span class=\"_ _5\"></span>ce </span></span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t allo<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IFR<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes o<span class=\"_ _5\"></span>n <span class=\"ff73 ls116 ws9d\">other timing differences</span><span class=\"lsb1 wsbe\"> mainly relat<span class=\"_ _3\"></span>e to c<span class=\"_ _3\"></span>onsolidation adjustments on runni<span class=\"_ _3\"></span>ng projects<span class=\"_ _5\"></span>.</span>Management periodically e<span class=\"_ _3\"></span>valuates positions tak<span class=\"_ _3\"></span>en in<span class=\"_ _3\"></span> the tax returns with respect to situ<span class=\"_ _3\"></span>ations in whi<span class=\"_ _3\"></span>ch applicable<span class=\"_ _3\"></span> tax regulations are subject to<span class=\"_ _8\"></span> interpretation and establishes provisions<span class=\"_ _3\"></span> where appropriate.<span class=\"_ _8\"></span> Thes<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> for uncertain tax<span class=\"_ _3\"></span> positions (<span class=\"_ _8\"></span>UTP)<span class=\"ff70 ls3 ws3\"> are </span></span>bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. In thi<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>, man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s UT<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>\u2019s indi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual<span class=\"_ _5\"></span>ly, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n an ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h whi<span class=\"_ _5\"></span>ch pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. For 2022 (and 2021<span class=\"_ _2\"></span>) e<span class=\"_ _5\"></span>ach U<span class=\"_ _5\"></span>TP ha<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng the most lik<span class=\"_ _3\"></span>ely single a<span class=\"_ _3\"></span>mount. Currently<span class=\"_ _8\"></span>, the major<span class=\"_ _3\"></span> UTP\u2019s relate t<span class=\"_ _3\"></span>o ongoing tax l<span class=\"_ _3\"></span>itigations in<span class=\"_ _3\"></span> the Phili<span class=\"_ _3\"></span>ppines, India, and N<span class=\"_ _3\"></span>igeria.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or al<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>y fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd of u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed <span class=\"ff73 ls1df ws15f\">tax credits</span> and any unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d tax losses<span class=\"ff70 ls3 ws3\">. Def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the </span>ded<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly. For a b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>kdow<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he (un)re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n this note.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>gar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g <span class=\"ff73 ls116 ws9d\">financial derivatives</span><span class=\"lsb1 wsbe\"> only conc<span class=\"_ _3\"></span>ern fully consolidated<span class=\"_ _3\"></span> companies, see also the section </span>regarding<span class=\"_ _3\"></span> other compre<span class=\"_ _3\"></span>hensive inc<span class=\"_ _3\"></span>ome.2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovision differences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _168\"> </span>-<span class=\"_ _27d\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1dc\"> </span>29,627<span class=\"_ _28d\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14b\"> </span><span class=\"ls79 ws87\">-26<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _1bf\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _289\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span>0<span class=\"_ _ac\"> </span><span class=\"ls7e ws8c\">-7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span><span class=\"ls7a ws88\">-5,5<span class=\"_ _5\"></span>49<span class=\"_ _ad\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _a9\"> </span></span></span>-<span class=\"_ _1f7\"> </span><span class=\"ff72 ls5b ws64\">-<span class=\"_ _8\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>3</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _168\"> </span></span>-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls7f ws8d\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _202\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _120\"> </span><span class=\"ls16 ws1d\">34,242<span class=\"_ _164\"> </span></span>-<span class=\"_ _1f9\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>15<span class=\"_ _73\"> </span>464<span class=\"_ _143\"> </span>24,078<span class=\"_ _14c\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_\"> </span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _28d\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _165\"> </span>26,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _1f9\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,2<span class=\"_ _5\"></span>93<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>3<span class=\"_ _1e5\"> </span><span class=\"ls1a4 ws1cb\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _14c\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-26,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _41\"> </span>-3<span class=\"_ _5\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _159\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _ad\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _1df\"> </span><span class=\"ls7a ws88\">-45<span class=\"_ _5\"></span>0<span class=\"_ _1ef\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ad\"> </span><span class=\"ff72 ls6b ws78\">-<span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>593</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _149\"> </span>-1,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls7e ws8c\">-15<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>2<span class=\"_ _1e7\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _157\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _8\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _111\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _168\"> </span></span>-<span class=\"_ _28a\"> </span><span class=\"ff72 ls79 ws87\">-20</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e0\"> </span><span class=\"ls59 ws62\">2,30<span class=\"_ _5\"></span>6<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f7\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _168\"> </span></span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span>22,495<span class=\"_ _289\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _ae\"> </span>364<span class=\"_ _1f2\"> </span>50,320<span class=\"_ _1e0\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _157\"> </span></span>38<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>6<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ls10 ws14\">1<span class=\"_ _2\"></span>24,388</span></span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovisiondifferences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>676<span class=\"_ _169\"> </span>-<span class=\"_ _15c\"> </span>364<span class=\"_ _ae\"> </span>570<span class=\"_ _1f9\"> </span><span class=\"ls5a ws63\">3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span></span>6,<span class=\"_ _5\"></span>676<span class=\"_ _157\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _29\"> </span>-<span class=\"_ _5\"></span>6,460<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>9<span class=\"_ _b0\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _1e0\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _2b0\"> </span><span class=\"ls3f ws67\">2,<span class=\"_ _5\"></span>073<span class=\"_ _168\"> </span></span></span></span></span>-<span class=\"_ _234\"> </span><span class=\"ff72 ls5c ws65\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls1c ws26\">377<span class=\"_ _168\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ff72 ls4c ws5f\">37<span class=\"_ _5\"></span>7</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span><span class=\"lsd9 wse4\">54<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>216<span class=\"_ _168\"> </span></span>-<span class=\"_ _af\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span>29,628<span class=\"_ _b0\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _280\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _1f9\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _2b1\"> </span><span class=\"lsd wsf\">3,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _1ed\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23<span class=\"_ _1f9\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>31<span class=\"_ _1f9\"> </span></span></span></span></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _2b2\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>418</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _43\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _1dd\"> </span>375<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>2,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>49<span class=\"_ _ac\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _b0\"> </span>6<span class=\"_ _4\"></span>,70<span class=\"_ _5\"></span>7<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ff72 lsf ws13\">8,<span class=\"_ _5\"></span>820</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _ae\"> </span>259<span class=\"_ _149\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _a9\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _f2\"> </span>26,<span class=\"_ _2\"></span>180<span class=\"_ _1ed\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>293<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>72<span class=\"_ _289\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _1ef\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>134<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9</span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.SHAREHOLDERSCFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>EME\u2019s pr<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ous s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c lis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d to b<span class=\"_ _5\"></span>e a fe<span class=\"_ _5\"></span>llow s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om Jun<span class=\"_ _5\"></span>e 29, 2022, da<span class=\"_ _5\"></span>te of the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CF<span class=\"_ _5\"></span>E NV. CFE NV and D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV h<span class=\"_ _5\"></span>ave bo<span class=\"_ _5\"></span>th Ac<span class=\"_ _5\"></span>kerm<span class=\"_ _5\"></span>ans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>aren N<span class=\"_ _5\"></span>V as t<span class=\"_ _5\"></span>hei<span class=\"_ _5\"></span>r main s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Sin<span class=\"_ _5\"></span>ce 2001, DEME ha<span class=\"_ _5\"></span>s an id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt w<span class=\"_ _5\"></span>ith A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>mans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV an<span class=\"_ _5\"></span>d CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ad<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice de<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>vere<span class=\"_ _5\"></span>d by b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h Acker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van H<span class=\"_ _5\"></span>aar<span class=\"_ _5\"></span>en NV a<span class=\"_ _5\"></span>nd CF<span class=\"_ _5\"></span>E NV<span class=\"_ _3\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed for C<span class=\"_ _5\"></span>FE NV a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>ger, is subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to i<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>exa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on a y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on du<span class=\"_ _5\"></span>e by DE<span class=\"_ _5\"></span>ME in 2022 tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es u<span class=\"_ _5\"></span>pon t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 1,985 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR (<span class=\"_ _5\"></span>AvH:1,323 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR an<span class=\"_ _5\"></span>d CFE<span class=\"_ _5\"></span>: 662 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>; in co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1,235 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach i<span class=\"_ _5\"></span>n 2021<span class=\"_ _2\"></span>).Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, DEM<span class=\"_ _5\"></span>E rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>t IP<span class=\"_ _5\"></span>O fr<span class=\"_ _5\"></span>om CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1,<span class=\"_ _2\"></span>106 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. On t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d, DEME i<span class=\"_ _5\"></span>nvoi<span class=\"_ _5\"></span>ced a<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>nd 164 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R to i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d fel<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to I<span class=\"_ _5\"></span>T lice<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces (2021<span class=\"_ _8\"></span>: 877 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly D<span class=\"_ _5\"></span>EME i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g a new o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ice b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g. E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>one b<span class=\"_ _5\"></span>y a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>22<span class=\"_ _3\"></span>1 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R ar<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-11": {
   "value": "SEGMENT REPORTINGFINANCI<span class=\"_ _5\"></span>AL INFOR<span class=\"_ _5\"></span>MA<span class=\"_ _2\"></span>TION O<span class=\"_ _5\"></span>F OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSGr<span class=\"_ _5\"></span>oup 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _79\"> </span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _1e8\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _1e2\"> </span><span class=\"ls59 ws62\">206,336<span class=\"_ _89\"> </span><span class=\"ls56 ws5e\">2,<span class=\"_ _4\"></span>214<span class=\"_ _142\"> </span><span class=\"ff63 lsf ws13\">2<span class=\"_ _5\"></span>,690,676<span class=\"_ _1e9\"> </span></span></span>-3<span class=\"_ _8\"></span>5,951<span class=\"_ _1ea\"> </span><span class=\"ff63 lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1eb\"> </span>221,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>67<span class=\"_ _1ec\"> </span>254,889<span class=\"_ _1e5\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>974<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _1ed\"> </span><span class=\"ff63 ls8 ws8\">4<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>5<span class=\"_ _149\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _1ec\"> </span><span class=\"ff63 ls88 ws96\">473<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span></span>Depre<span class=\"_ _5\"></span>ciatio<span class=\"_ _5\"></span>n and&amp; Impairme<span class=\"_ _5\"></span>nt<span class=\"_ _116\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _14c\"> </span>-<span class=\"_ _5\"></span>210<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>502<span class=\"_ _1ee\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>61<span class=\"_ _bb\"> </span><span class=\"ff63\">-32<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _c8\"> </span></span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _1ef\"> </span></span><span class=\"ff63\">-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span>0</span></span>EBIT<span class=\"_ _1f0\"> </span>117,116<span class=\"_ _143\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>87<span class=\"_ _1e5\"> </span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _1ed\"> </span><span class=\"ff63 lsd9 wse4\">165,<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span>9<span class=\"_ _1f1\"> </span></span>-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1f2\"> </span><span class=\"ff63 lsa wsb\">155<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1aa\"> </span><span class=\"ff63 ls16 ws1d\">-2<span class=\"_ _8\"></span>5,490<span class=\"_ _b2\"> </span><span class=\"ff65 ls7e ws8c\">1<span class=\"_ _4\"></span>,17<span class=\"_ _7\"></span>9<span class=\"_ _1e9\"> </span></span><span class=\"ls5a ws63\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1f3\"> </span>14<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5\"></span>9,324<span class=\"_ _1ec\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>30,925</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1f4\"> </span><span class=\"ff63 ls16 ws1d\">-<span class=\"_ _8\"></span>34<span class=\"_ _5\"></span>,498<span class=\"_ _c8\"> </span><span class=\"ff65 ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span></span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _41\"> </span>26<span class=\"_ _15f\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _15f\"> </span>5<span class=\"_ _5\"></span>47<span class=\"_ _89\"> </span>9,<span class=\"_ _5\"></span>255<span class=\"_ _1e4\"> </span><span class=\"ff63 ls6b ws78\">9<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span></span><span class=\"ls5c ws65\">5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _143\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>27</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _187\"> </span><span class=\"fc3 ls5a ws63\">115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">-296<span class=\"_ _1ec\"> </span></span>115<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1</span>Attributable to non- <span class=\"_ _0\"></span>controlling interests<span class=\"_ _2c\"> </span><span class=\"ff63 lsd wsf\">2<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>67<span class=\"_ _ae\"> </span></span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>96<span class=\"_ _89\"> </span><span class=\"ff63 lsd wsf\">2,671</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _ef\"> </span><span class=\"ls5a ws63\">112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1f2\"> </span></span>112<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _1f5\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>12<span class=\"_ _91\"> </span></span>1<span class=\"_ _c8\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _143\"> </span><span class=\"ff63 ls13 ws9a\">24,345<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-30<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  1<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>68,802<span class=\"_ _1f6\"> </span>1,3<span class=\"_ _8\"></span>75,57<span class=\"_ _8\"></span>4<span class=\"_ _143\"> </span>55,306<span class=\"_ _15f\"> </span>15<span class=\"_ _5\"></span>9<span class=\"_ _142\"> </span><span class=\"ff63 ls16 ws1d\">2,599<span class=\"_ _3\"></span>,84<span class=\"_ _3\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _142\"> </span></span><span class=\"ls33 ws3c\">2,521<span class=\"_ _8\"></span>,042</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _84\"> </span>27<span class=\"_ _c8\"> </span>5,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _1e5\"> </span>98,258<span class=\"_ _1f7\"> </span><span class=\"ff63 ls31 ws3a\">1<span class=\"_ _3\"></span>06,891<span class=\"_ _143\"> </span><span class=\"ff65 ls55 ws5d\">9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _1e2\"> </span></span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>01,<span class=\"_ _5\"></span>510</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _1f8\"> </span><span class=\"ls1bd ws1e3\">27<span class=\"_ _15c\"> </span></span><span class=\"ls3\">5</span>,471<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">3</span>,13<span class=\"_ _5\"></span>5<span class=\"_ _1de\"> </span><span class=\"ls1aa ws1e4\">99</span>,496<span class=\"_ _ad\"> </span><span class=\"ff63 ls1ae ws1d4\">10<span class=\"_ _5\"></span>8</span>,12<span class=\"_ _5\"></span>9<span class=\"_ _1e3\"> </span><span class=\"ff65 lsbe wsca\">94</span>,619<span class=\"_ _1f1\"> </span><span class=\"ff63 ls1bc ws1e7\">202</span>,74<span class=\"_ _4\"></span>8Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span><span class=\"ls3\">-<span class=\"_ _ce\"> </span>-<span class=\"_ _9d\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls1c1 ws1e9\">-1</span></span>,238<span class=\"_ _1e4\"> </span><span class=\"ff63 ls1c2 ws1ea\">-1</span>,238<span class=\"_ _ce\"> </span><span class=\"ff65\">-<span class=\"_ _14f\"> </span></span><span class=\"ls1c2 ws1ea\">-1</span>,238Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 351,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _1ed\"> </span>17<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e5\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _7a\"> </span>87<span class=\"_ _157\"> </span><span class=\"ff63 ls33 ws3c\">542,095<span class=\"_ _1e9\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _1ec\"> </span><span class=\"ff63 ls4c ws5f\">52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>033</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _7f\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _1dc\"> </span><span class=\"ff63 ls5c ws65\">18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>71<span class=\"_ _89\"> </span></span><span class=\"lsd9 wse4\">3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _143\"> </span><span class=\"ff63 ls84 ws92\">22,66<span class=\"_ _5\"></span>4</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>.to the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, as this tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot el<span class=\"_ _5\"></span>imina<span class=\"_ _5\"></span>ted any l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>hen jo<span class=\"_ _5\"></span>int ventures<span class=\"_ _3\"></span> are consolidated<span class=\"_ _8\"></span> according to the<span class=\"_ _3\"></span> equity method. Therefore the ratio between EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>/EBIT and<span class=\"_ _3\"></span> turn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n\u2019 co<span class=\"_ _5\"></span>lumn is n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf. A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s are consolidated acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method in both the segment reporting and the Group financ<span class=\"_ _3\"></span>ial statements. The li<span class=\"_ _5\"></span>nes r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o \u2018N<span class=\"_ _5\"></span>et r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>es and associates\u2019 or \u2018Capital inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s in jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\u2019 i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing on<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ures a<span class=\"_ _5\"></span>re ad<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>iliat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (8) for more information a<span class=\"_ _3\"></span>bout joint vent<span class=\"_ _3\"></span>ures and<span class=\"_ _3\"></span> associates<span class=\"_ _5\"></span>.The financial<span class=\"_ _3\"></span> information disclosed in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment repor<span class=\"_ _5\"></span>ting (<span class=\"_ _8\"></span>using the proportionate consolidation met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d for j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventur<span class=\"_ _5\"></span>es) is re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial information as reported in the<span class=\"_ _3\"></span> consolidated statement of financial<span class=\"_ _3\"></span> position and the consolid<span class=\"_ _3\"></span>ated statement of income<span class=\"_ _3\"></span> (<span class=\"_ _3\"></span>using the<span class=\"_ _3\"></span> equity consolidation method as<span class=\"_ _3\"></span> req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IA<span class=\"_ _5\"></span>S 28) abo<span class=\"_ _5\"></span>ve. T<span class=\"_ _5\"></span>he imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t consolidation method for<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures is included in<span class=\"_ _8\"></span> the \u2018Reconciliation\u2019 <span class=\"ff61 lse ws12\">column. The proportionate (line-by-line<span class=\"_ _8\"></span>) </span>inte<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>nture<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>nd rep<span class=\"_ _5\"></span>lace<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s share in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on, tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver of f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>ted entities towards jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures (t<span class=\"_ _3\"></span>hat is proportionally elimi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing), i<span class=\"_ _5\"></span>s add<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>gain Gr<span class=\"_ _5\"></span>oup 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g <span class=\"_ _2\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al<span class=\"_ _5\"></span> Environment<span class=\"_ _5\"></span>al<span class=\"_ _14c\"> </span><span class=\"ls1b6 ws1db\">Concessions</span>Recon ciliationFinancial Energy&amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>aSegmen<span class=\"_ _5\"></span>ts(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR<span class=\"_ _5\"></span>)Statement<span class=\"_ _5\"></span>sT<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _6d\"> </span>916<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _1f6\"> </span><span class=\"ls75 ws82\">1,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1f9\"> </span></span>16<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,163<span class=\"_ _89\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>67<span class=\"_ _1ea\"> </span><span class=\"ff63 ls16 ws1d\">2,562,290<span class=\"_ _1f9\"> </span></span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>83<span class=\"_ _aa\"> </span><span class=\"ff63 ls69 ws75\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>07</span></span>EBIT<span class=\"_ _5\"></span>DA<span class=\"_ _1fa\"> </span>1<span class=\"_ _8\"></span>70<span class=\"_ _3\"></span>,888<span class=\"_ _1f7\"> </span>305,8<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _143\"> </span>16<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _1e2\"> </span><span class=\"ff63 ls69 ws75\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _149\"> </span></span>-11,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _1f7\"> </span><span class=\"ff63 ls3 ws3\">4<span class=\"_ _5\"></span>69,3<span class=\"_ _5\"></span>08</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion &amp; I<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt<span class=\"_ _1fb\"> </span>-9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,27<span class=\"_ _5\"></span>7<span class=\"_ _1ef\"> </span>-23<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b0\"> </span>-8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>037<span class=\"_ _1ee\"> </span>-89<span class=\"_ _ab\"> </span><span class=\"ff63 ls7f ws8d\">-33<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span></span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ff63 ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>7</span></span>EBIT<span class=\"_ _e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>11<span class=\"_ _1e5\"> </span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _b2\"> </span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>97<span class=\"_ _ad\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _7\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _1ec\"> </span><span class=\"ff63 ls5b ws64\">14<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>83<span class=\"_ _5\"></span>2<span class=\"_ _1de\"> </span></span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _1e2\"> </span><span class=\"ff63 ls34 ws3e\">1<span class=\"_ _3\"></span>43,281</span></span>Financial res<span class=\"_ _5\"></span>ult<span class=\"_ _1fc\"> </span><span class=\"ff63 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _c8\"> </span></span><span class=\"lsb wsc\">2,<span class=\"_ _5\"></span>035 <span class=\"_ _1dc\"> </span><span class=\"ff63 ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1fd\"> </span><span class=\"fc3 ls1a4 ws1cb\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4 <span class=\"_ _157\"> </span></span>13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _1fe\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>37<span class=\"_ _15f\"> </span></span><span class=\"ls79 ws87\">558<span class=\"_ _1e9\"> </span><span class=\"ff63 ls7f ws8d\">-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _186\"> </span>-<span class=\"_ _1e\"> </span>1<span class=\"_ _15f\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _1e5\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ff63 ls6b ws78\">11,693<span class=\"_ _1e3\"> </span></span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _143\"> </span><span class=\"ff63 ls3f ws67\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8 </span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _1ff\"> </span><span class=\"fc3 ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _15c\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _1f9\"> </span></span>11<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _52\"> </span><span class=\"ff63 ls33 ws3c\">2,860<span class=\"_ _1dd\"> </span></span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _c8\"> </span><span class=\"ff63 ls5c ws65\">2<span class=\"_ _5\"></span>,757</span></span>NET RESUL<span class=\"_ _2\"></span>T SHARE OF THE<span class=\"_ _3\"></span> GROUP<span class=\"_ _200\"> </span><span class=\"ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ff65 ls3 ws3\">-<span class=\"_ _1ec\"> </span></span>11<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue int<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _122\"> </span>17,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _89\"> </span><span class=\"ls84 ws92\">8,4<span class=\"_ _5\"></span>62<span class=\"_ _1d\"> </span></span>2<span class=\"_ _7f\"> </span>-<span class=\"_ _149\"> </span><span class=\"ff63 lsf ws13\">25,54<span class=\"_ _5\"></span>8<span class=\"_ _1ee\"> </span></span><span class=\"ls87 ws95\">-35<span class=\"_ _1e5\"> </span><span class=\"ff63 ls137 ws144\">25<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok val<span class=\"_ _5\"></span>ue pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  722<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _1f6\"> </span>1,6<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _1dc\"> </span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>83<span class=\"_ _af\"> </span>132<span class=\"_ _142\"> </span><span class=\"ff63 ls33 ws3c\">2,429,24<span class=\"_ _8\"></span>1<span class=\"_ _1e9\"> </span><span class=\"ff65 ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _142\"> </span></span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>49,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61</span></span>plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and r<span class=\"_ _5\"></span>ight-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tsCar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1d9\"> </span>-<span class=\"_ _1e4\"> </span>5,020<span class=\"_ _89\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _1e5\"> </span>31,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ff63 lse ws12\">39<span class=\"_ _3\"></span>,390<span class=\"_ _143\"> </span><span class=\"ff65 ls18 ws20\">90,564<span class=\"_ _1f7\"> </span></span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _201\"> </span>-<span class=\"_ _73\"> </span>5,020<span class=\"_ _74\"> </span>2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>05<span class=\"_ _110\"> </span>34,39<span class=\"_ _8\"></span>2<span class=\"_ _110\"> </span><span class=\"ff63 ls1c4 ws1ec\">42,21<span class=\"_ _2\"></span>7<span class=\"_ _110\"> </span><span class=\"ff65 ls3 ws3\">90,564<span class=\"_ _1f1\"> </span></span><span class=\"ls1c5 ws1ed\">13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y (- is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)<span class=\"_ _35\"> </span>-<span class=\"_ _ce\"> </span>-<span class=\"_ _202\"> </span>-37<span class=\"_ _89\"> </span>-2,<span class=\"_ _8\"></span>790<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7<span class=\"_ _ce\"> </span></span><span class=\"ls3 ws3\">-<span class=\"_ _1e3\"> </span><span class=\"ff63 ls1c8 ws1f0\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827</span></span>Acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt 12<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _1f2\"> </span>18<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _1e5\"> </span>1<span class=\"_ _8\"></span>4,226<span class=\"_ _7c\"> </span>37<span class=\"_ _1e2\"> </span><span class=\"ff63 ls6e ws7b\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _ad\"> </span></span><span class=\"ls75 ws82\">-10,7<span class=\"_ _5\"></span>74<span class=\"_ _1f7\"> </span><span class=\"ff63 ls6b ws78\">3<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8</span></span>and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (*)Cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd -<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">70<span class=\"_ _7f\"> </span></span>-<span class=\"_ _15f\"> </span>347<span class=\"_ _af\"> </span><span class=\"ff63 lsc1 wscd\">417<span class=\"_ _1e0\"> </span></span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _1dc\"> </span><span class=\"ff63 lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span></span>ass<span class=\"_ _5\"></span>ociate<span class=\"_ _5\"></span>s(*) <span class=\"_ _a7\"> </span>Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (ro<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial R<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>021, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 62,<span class=\"_ _5\"></span>291 t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>and E<span class=\"_ _5\"></span>UR is t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra t<span class=\"_ _5\"></span>o O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re E<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y. NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r <span class=\"_ _6\"></span> Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _13c\"> </span>90,204<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _af\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _10c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _7e\"> </span><span class=\"ls79 ws87\">8,<span class=\"_ _5\"></span>252<span class=\"_ _8f\"> </span>42<span class=\"_ _5\"></span>,052</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _169\"> </span></span>-3,309<span class=\"_ _213\"> </span><span class=\"ls59 ws62\">-4,30<span class=\"_ _5\"></span>8<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-17,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>8</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _27\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>-39<span class=\"_ _5\"></span>1<span class=\"_ _35\"> </span>385<span class=\"_ _2e\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>4<span class=\"_ _167\"> </span><span class=\"ls76 ws84\">118</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28e\"> </span><span class=\"ls88 ws96\">-22<span class=\"_ _39\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls7b ws89\">-63<span class=\"_ _167\"> </span><span class=\"ls16 ws1d\">-84</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>99,<span class=\"_ _5\"></span>303<span class=\"_ _8f\"> </span>21<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>410<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>8<span class=\"_ _15f\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _28f\"> </span>23,09<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _290\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _cc\"> </span>6,40<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _8f\"> </span><span class=\"ls7c ws8a\">28,<span class=\"_ _5\"></span>582</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _15b\"> </span>-7<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _168\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>16<span class=\"_ _169\"> </span><span class=\"ls75 ws82\">-3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _78\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _32\"> </span>-<span class=\"_ _5\"></span>51<span class=\"_ _27\"> </span></span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _20\"> </span>15<span class=\"_ _5\"></span>3<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _1d9\"> </span><span class=\"ls7b ws89\">63</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _16f\"> </span><span class=\"ls75 ws82\">109<span class=\"_ _27\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _31\"> </span><span class=\"lse ws12\">89</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>29,<span class=\"_ _5\"></span>639<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>,759<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">20,468<span class=\"_ _202\"> </span><span class=\"ls57 ws60\">59,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _19b\"> </span>6<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _91\"> </span>5,008<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span><span class=\"lsf ws13\">90,620</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _6d\"> </span>69,66<span class=\"_ _5\"></span>4<span class=\"_ _8f\"> </span>11,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _15a\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _202\"> </span><span class=\"ls38 ws41\">98,994</span></span>The n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-u<span class=\"_ _5\"></span>se a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 99 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o 90<span class=\"_ _5\"></span>.6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the ne<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k valu<span class=\"_ _5\"></span>e of \u2018<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>and a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s\u2019 c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e spl<span class=\"_ _5\"></span>it in 52.<span class=\"_ _5\"></span>6 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R land a<span class=\"_ _5\"></span>nd 1<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.The category \u2018Floating and other construction equipment\u2019 includes amongst others support vess<span class=\"_ _5\"></span>els, accommodation<span class=\"_ _3\"></span> vessels and dry ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he maj<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in \u2018<span class=\"_ _5\"></span>Flo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r cons<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>ipm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e hire o<span class=\"_ _5\"></span>f ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s.Lea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ond w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _3\"></span>-o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in no<span class=\"_ _5\"></span>te (20).NOTE 7 <span class=\"_ _5\"></span>\u2013 RI<span class=\"_ _5\"></span>GH<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>OF<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>USE <span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>SET<span class=\"_ _5\"></span>SIn th<span class=\"_ _5\"></span>e lin<span class=\"_ _5\"></span>e <span class=\"ff73\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m on<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019<span class=\"ff70\">,</span> <span class=\"ff70\">als<span class=\"_ _5\"></span>o tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>f-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d.</span></span>The n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-u<span class=\"_ _5\"></span>se a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 90<span class=\"_ _5\"></span>.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>, co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 75.9 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2020.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f \u2018<span class=\"_ _5\"></span>La<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d bui<span class=\"_ _5\"></span>ldin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>\u2019 ca<span class=\"_ _5\"></span>n be s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t in 52.0 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR la<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d 1<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs (2020: 37<span class=\"_ _2\"></span>.<span class=\"_ _5\"></span>9 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R lan<span class=\"_ _5\"></span>d and 18.<span class=\"_ _5\"></span>5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R buil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gs). A maj<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in lan<span class=\"_ _5\"></span>d in 2021 is rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm h<span class=\"_ _5\"></span>ire (ti<span class=\"_ _5\"></span>ll 20<span class=\"_ _5\"></span>40) of a y<span class=\"_ _5\"></span>ard in V<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>n (T<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds).Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd and other<span class=\"ls3 ws3\"> </span>Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _13c\"> </span>7<span class=\"_ _3\"></span>4,909<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>2<span class=\"_ _202\"> </span><span class=\"ls36 ws3d\">24,96<span class=\"_ _5\"></span>9<span class=\"_ _15f\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>10,830</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _291\"> </span>25,97<span class=\"_ _2\"></span>4<span class=\"_ _91\"> </span>3,428<span class=\"_ _213\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _213\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>332<span class=\"_ _164\"> </span>-2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span></span>-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>3</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _13c\"> </span>1<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _20\"> </span>295<span class=\"_ _2e\"> </span><span class=\"ls75 ws82\">101<span class=\"_ _7f\"> </span><span class=\"ls78 ws86\">1,52<span class=\"_ _5\"></span>2</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>90<span class=\"_ _3\"></span>,204<span class=\"_ _202\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _27d\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _21e\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>75<span class=\"_ _1d\"> </span>5,9<span class=\"_ _5\"></span>80<span class=\"_ _202\"> </span><span class=\"ls3f ws67\">10,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>58<span class=\"_ _7a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>13</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _102\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>43<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">3,364<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _213\"> </span></span></span>2<span class=\"_ _5\"></span>1,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _109\"> </span>-6<span class=\"_ _5\"></span>,386<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>2<span class=\"_ _14e\"> </span>-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _a9\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _88\"> </span><span class=\"lsc wsd\">-51<span class=\"_ _1e7\"> </span></span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _226\"> </span><span class=\"ls7a ws88\">458<span class=\"_ _20\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span></span>49<span class=\"_ _35\"> </span><span class=\"ls57 ws60\">622</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>23,090<span class=\"_ _cc\"> </span>5,<span class=\"_ _5\"></span>367<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _ba\"> </span>56,434<span class=\"_ _1e\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>972<span class=\"_ _8f\"> </span><span class=\"ls5a ws63\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>11<span class=\"_ _15a\"> </span><span class=\"ls79 ws87\">75,<span class=\"_ _5\"></span>917</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _7b\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span>5,0<span class=\"_ _5\"></span>09<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>97<span class=\"_ _202\"> </span><span class=\"lsf ws13\">9<span class=\"_ _5\"></span>0,620</span></span>NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>The statement of<span class=\"_ _3\"></span> income i<span class=\"_ _3\"></span>ncludes the<span class=\"_ _3\"></span> following amou<span class=\"_ _3\"></span>nts relating t<span class=\"_ _3\"></span>o leases:(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls8b ws99\">13,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _2a1\"> </span><span class=\"lsb wsc\">6,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _cc\"> </span><span class=\"ls82 ws90\">3,36<span class=\"_ _5\"></span>4</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _1a9\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>1</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge o<span class=\"_ _5\"></span>f r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _ea\"> </span><span class=\"lsf ws13\">28<span class=\"_ _5\"></span>,582<span class=\"_ _7a\"> </span><span class=\"ls5c ws65\">2<span class=\"_ _5\"></span>1,73<span class=\"_ _5\"></span>8</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se (i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t)<span class=\"_ _2dd\"> </span><span class=\"ls78 ws86\">1,6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _7e\"> </span>1,<span class=\"_ _4\"></span>257</span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es<span class=\"_ _197\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _8\"></span>1<span class=\"_ _cc\"> </span><span class=\"ls7c ws8a\">2<span class=\"_ _5\"></span>,694</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _8e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>1<span class=\"_ _1d9\"> </span><span class=\"ls7f ws8d\">76</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _2de\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _8f\"> </span>25<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span>2022<span class=\"_ _73\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 1 <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _9b\"> </span>To<span class=\"_\"> </span>t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearGross lease payments<span class=\"_ _f5\"> </span>51<span class=\"_ _8\"></span>,234<span class=\"_ _8f\"> </span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>10<span class=\"_ _213\"> </span>25,<span class=\"_ _8\"></span>162<span class=\"_ _1ee\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _1ee\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0</span></span>Interes<span class=\"_ _5\"></span>t payment<span class=\"_ _5\"></span>s<span class=\"_ _8a\"> </span>-<span class=\"_ _2\"></span>15,9<span class=\"_ _8\"></span>19<span class=\"_ _164\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _9b\"> </span><span class=\"ls88 ws96\">-202<span class=\"_ _202\"> </span></span>-17,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _202\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7</span></span>Lease liabilities present value<span class=\"_ _2da\"> </span>35<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>315<span class=\"_ _7a\"> </span>41,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span>24,<span class=\"_ _3\"></span>960<span class=\"_ _29b\"> </span><span class=\"ls3f ws67\">101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">92<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>93</span></span>Land and b<span class=\"_ _5\"></span>uildings<span class=\"_ _2db\"> </span><span class=\"ls75 ws82\">71,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"ls89 ws97\">6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>17</span></span>Floating and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther construction equipment<span class=\"_ _56\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _7f\"> </span><span class=\"ls8b ws99\">4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74</span></span>Furniture and vehic<span class=\"_ _5\"></span>les<span class=\"_ _2dc\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _15a\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>8,802</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y,  101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">92<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>93</span>plant and equipmentThe<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g date t<span class=\"_ _5\"></span>hat d<span class=\"_ _5\"></span>id no<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>mmen<span class=\"_ _5\"></span>ce as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f ren<span class=\"_ _5\"></span>ew<span class=\"_ _5\"></span>al options and termi<span class=\"_ _3\"></span>nation options not<span class=\"_ _3\"></span> reflec<span class=\"_ _5\"></span>ted in the lease<span class=\"_ _3\"></span> liabilities is<span class=\"_ _8\"></span> immaterial.NOTE 20 <span class=\"_ _5\"></span>\u2013 LE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SE L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BIL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-12": {
   "value": "SEGMENT REPORTINGENVIRONMENT<span class=\"_ _6\"></span>ALThe En<span class=\"_ _3\"></span>vironmental segment focuses on<span class=\"_ _3\"></span> innovative environmental<span class=\"_ _3\"></span> solutions for soil remedi<span class=\"_ _3\"></span>ation and brownfield redevelopment, environmental<span class=\"_ _3\"></span> dredging and sediment trea<span class=\"_ _3\"></span>tment and wat<span class=\"_ _3\"></span>er treatment. It is<span class=\"_ _8\"></span> mainl<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in t<span class=\"_ _5\"></span>he Be<span class=\"_ _5\"></span>nel<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>, Fra<span class=\"_ _5\"></span>nce, a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as in ot<span class=\"_ _5\"></span>her European<span class=\"_ _3\"></span> countries on a<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>- by-project basis. An ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>l par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in t<span class=\"_ _5\"></span>he Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>s a mate<span class=\"_ _5\"></span>rial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>d agg<span class=\"_ _5\"></span>reg<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d leve<span class=\"_ _5\"></span>l of sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies with non-controlling interests of 25.<span class=\"_ _6\"></span>1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>.GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODDEME Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l NV<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, i<span class=\"_ _5\"></span>s own<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or 25.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% by a t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. In the Dre<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t ther<span class=\"_ _5\"></span>e are s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">non-con<span class=\"_ _5\"></span>trolling interest<span class=\"_ _5\"></span>s </span>in the ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te and m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s and in t<span class=\"_ _5\"></span>he dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y som<span class=\"_ _5\"></span>e min<span class=\"_ _5\"></span>or int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e hol<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame ex<span class=\"_ _5\"></span>ternal partner holds int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in two su<span class=\"_ _3\"></span>bsidiaries of the<span class=\"_ _3\"></span> Group. In the<span class=\"_ _3\"></span> Of<span class=\"_ _5\"></span>fshore se<span class=\"_ _5\"></span>gment there<span class=\"_ _8\"></span> are no non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Refe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>rehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e consolidated statement of<span class=\"_ _3\"></span> changes in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity for more information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>.SUBSIDIARIES (FULL<span class=\"_ _6\"></span>Y CONSOLIDA<span class=\"_ _6\"></span>TED<span class=\"_ _3\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-13": {
   "value": "SEGMENT REPORTINGCONCES<span class=\"_ _3\"></span>SIONSThe Concessions segment, unl<span class=\"_ _3\"></span>ike<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>ting se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in an<span class=\"_ _5\"></span>d devel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, por<span class=\"_ _4\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture, g<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>n hydro<span class=\"_ _5\"></span>gen a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial project<span class=\"_ _5\"></span>s. It operates through participations in<span class=\"_ _3\"></span> special purpose companies \u2013 greenfield and<span class=\"_ _8\"></span> brow<span class=\"_ _5\"></span>nfield. Besides creating economi<span class=\"_ _3\"></span>c value on<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts project<span class=\"_ _5\"></span>s and generating<span class=\"_ _8\"></span> equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>s on it<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>ims to secure regular<span class=\"_ _8\"></span> ac<span class=\"_ _5\"></span>tivi<span class=\"_ _5\"></span>ties for the<span class=\"_ _3\"></span> Group contracting ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e EPC p<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>in it<span class=\"_ _5\"></span>s concessions activities<span class=\"_ _5\"></span>, the Group<span class=\"_ _3\"></span> holds also conc<span class=\"_ _3\"></span>essions of s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>eas w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h cont<span class=\"_ _5\"></span>ain p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ym<span class=\"_ _5\"></span>eta<span class=\"_ _5\"></span>llic n<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>les and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>ops a t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y to coll<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss these polymet<span class=\"_ _5\"></span>allic<span class=\"_ _3\"></span> nodules containi<span class=\"_ _3\"></span>ng nick<span class=\"_ _8\"></span>el, cobalt, manga<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d cop<span class=\"_ _5\"></span>per f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eep o<span class=\"_ _5\"></span>cean f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Each of the<span class=\"_ _3\"></span> four above<span class=\"_ _3\"></span>mentioned segments has its own mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>, ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t bas<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l and is m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>ed separately requiring d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ferent strategies. Dredging &amp; Infra activities are complementary as the ma<span class=\"_ _3\"></span>rine inf<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at DEM<span class=\"_ _5\"></span>E Inf<span class=\"_ _5\"></span>ra un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>akes a<span class=\"_ _5\"></span>re of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing or l<span class=\"_ _5\"></span>and re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on sco<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>. The O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d in and ser<span class=\"_ _4\"></span>ves t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y indu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y, bot<span class=\"_ _5\"></span>h rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and oi<span class=\"_ _5\"></span>l &amp; gas s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Envi<span class=\"_ _5\"></span>ronm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent focuses on environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>olutions. The Concessions segment, unlik<span class=\"_ _3\"></span>e the c<span class=\"_ _3\"></span>ontracting segments<span class=\"_ _5\"></span>, invests in and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ure, gre<span class=\"_ _5\"></span>en hydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>n and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r spe<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The segment reporting comprises financial i<span class=\"_ _3\"></span>nformation of these four segments that a<span class=\"_ _3\"></span>re separate operating se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. O<span class=\"_ _5\"></span>n a quar<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s, s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>te op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>epar<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted t<span class=\"_ _5\"></span>o the Ch<span class=\"_ _5\"></span>ief Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n maker, the DEME E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Commi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting, some activit<span class=\"_ _5\"></span>y lines, that<span class=\"_ _3\"></span> are th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>wes<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>vel of r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin DEME<span class=\"_ _5\"></span>,<span class=\"ff6a\"> </span>are a<span class=\"_ _5\"></span>ggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f CTOW (mari<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>ls) and DB<span class=\"_ _5\"></span>M (mari<span class=\"_ _5\"></span>ne aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss) ar<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d by S<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>dis (s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>vag<span class=\"_ _5\"></span>e works) are agg<span class=\"_ _3\"></span>regated in<span class=\"_ _3\"></span> the Of<span class=\"_ _5\"></span>fshore Energy segment.The reporting of the manage<span class=\"_ _3\"></span>ment accou<span class=\"_ _3\"></span>nts (reporting on op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>sult<span class=\"_ _5\"></span>s) is an i<span class=\"_ _5\"></span>nteg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al repor<span class=\"_ _5\"></span>ting. A<span class=\"_ _8\"></span>t any time, the<span class=\"_ _8\"></span> consolidated management rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onci<span class=\"_ _5\"></span>led w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial statements<span class=\"_ _5\"></span>, both resulting i<span class=\"_ _3\"></span>n the same IF<span class=\"_ _3\"></span>RS net res<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year (as su<span class=\"_ _5\"></span>ch on<span class=\"_ _5\"></span>e ver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>uth).DESCRIP<span class=\"_ _5\"></span>TION OF OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSDEME h<span class=\"_ _5\"></span>as evo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d into a g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e solutions provider organ<span class=\"_ _3\"></span>ised around four<span class=\"_ _8\"></span> dis<span class=\"_ _5\"></span>tinct se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. F<span class=\"_ _5\"></span>or man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s orga<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>to fo<span class=\"_ _5\"></span>ur bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss un<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The f<span class=\"_ _5\"></span>our r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re:OFFSHORE<span class=\"_ _3\"></span> ENERGYThis segment pro<span class=\"_ _3\"></span>vides engineering a<span class=\"_ _3\"></span>nd contracting ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces gl<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y in the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore r<span class=\"_ _5\"></span>enew<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oil &amp; ga<span class=\"_ _5\"></span>s indu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y. Thos<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ciali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup is invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e full B<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f Plan<span class=\"_ _5\"></span>t sco<span class=\"_ _5\"></span>pe f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>eer<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>, pr<span class=\"_ _5\"></span>ocu<span class=\"_ _5\"></span>reme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, construc<span class=\"_ _5\"></span>tion and i<span class=\"_ _3\"></span>nstallation of foundations, t<span class=\"_ _3\"></span>urbines, inte<span class=\"_ _5\"></span>r-array c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>. The Group al<span class=\"_ _3\"></span>so of<span class=\"_ _5\"></span>fers operations and mai<span class=\"_ _3\"></span>ntenance,<span class=\"_ _3\"></span> lo<span class=\"_ _5\"></span>gis<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>air an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>commi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ioni<span class=\"_ _5\"></span>ng as w<span class=\"_ _5\"></span>ell as sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e marke<span class=\"_ _5\"></span>t. I<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>il &amp; gas in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rms l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>fall<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, roc<span class=\"_ _5\"></span>k placement, heavy lift<span class=\"_ _5\"></span>, umbili<span class=\"_ _3\"></span>cals, as well<span class=\"_ _3\"></span> as installation and d<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>mmis<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ning s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tion t<span class=\"_ _5\"></span>o the<span class=\"_ _5\"></span>se main ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g ge<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e installation of suction pile<span class=\"_ _3\"></span> anchors and found<span class=\"_ _3\"></span>ations. DREDGING &amp;<span class=\"_ _8\"></span> INFR<span class=\"_ _5\"></span>AIn thi<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rms a w<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y of dredging<span class=\"_ _3\"></span> activi<span class=\"_ _5\"></span>ties worldwide, includi<span class=\"_ _3\"></span>ng capital and maintenance dredging<span class=\"_ _5\"></span>, land reclamation<span class=\"_ _5\"></span>, soil improvement, port construc<span class=\"_ _5\"></span>tion, coastal protection and beach nou<span class=\"_ _3\"></span>rishment works. These ac<span class=\"_ _5\"></span>tivities are execut<span class=\"_ _8\"></span>ed with speci<span class=\"_ _3\"></span>alised<span class=\"_ _8\"></span> dredging<span class=\"_ _8\"></span> vessels and<span class=\"_ _8\"></span> var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ty<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>s of a<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>iliar<span class=\"_ _4\"></span>y ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>mov<span class=\"_ _5\"></span>ing equipment. The Group<span class=\"_ _8\"></span> also provides contracting ser<span class=\"_ _5\"></span>vices for marine<span class=\"_ _3\"></span> infrastruc<span class=\"_ _5\"></span>ture projects<span class=\"_ _5\"></span>. This<span class=\"_ _8\"></span> includes the engi<span class=\"_ _3\"></span>neering, design and construction of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ex mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>res s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s jet<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s, l<span class=\"_ _5\"></span>ock<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd we<span class=\"_ _5\"></span>irs<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tura<span class=\"_ _5\"></span>l wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s such as bored a<span class=\"_ _3\"></span>nd immersed tunnel<span class=\"_ _3\"></span>s, foundation and<span class=\"_ _8\"></span> marine works for bridges or othe<span class=\"_ _3\"></span>r constructions in a mar<span class=\"_ _5\"></span>ine or f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>al env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, a<span class=\"_ _5\"></span>nd ci<span class=\"_ _5\"></span>vil w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or harbour cons<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>on, dams and sea def<span class=\"_ _5\"></span>ences, c<span class=\"_ _5\"></span>anal construc<span class=\"_ _5\"></span>tion, revetment, quay wall<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion and shore protection. In addition, the Grou<span class=\"_ _3\"></span>p is active in<span class=\"_ _3\"></span> the marine aggr<span class=\"_ _5\"></span>egate busine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, which include<span class=\"_ _5\"></span>s dredging<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ng, s<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge and t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tes<span class=\"_ _5\"></span>. Fi<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p prov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>es mar<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.ENVIRONMENT<span class=\"_ _6\"></span>ALThe En<span class=\"_ _3\"></span>vironmental segment focuses on<span class=\"_ _3\"></span> innovative environmental<span class=\"_ _3\"></span> solutions for soil remedi<span class=\"_ _3\"></span>ation and brownfield redevelopment, environmental<span class=\"_ _3\"></span> dredging and sediment trea<span class=\"_ _3\"></span>tment and wat<span class=\"_ _3\"></span>er treatment. It is<span class=\"_ _8\"></span> mainl<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in t<span class=\"_ _5\"></span>he Be<span class=\"_ _5\"></span>nel<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>, Fra<span class=\"_ _5\"></span>nce, a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as in ot<span class=\"_ _5\"></span>her European<span class=\"_ _3\"></span> countries on a<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>- by-project basis. An ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>l par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in t<span class=\"_ _5\"></span>he Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>s a mate<span class=\"_ _5\"></span>rial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>d agg<span class=\"_ _5\"></span>reg<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d leve<span class=\"_ _5\"></span>l of sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies with non-controlling interests of 25.<span class=\"_ _6\"></span>1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s com<span class=\"_ _5\"></span>pany s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e is mo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, bu<span class=\"_ _5\"></span>t not comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tely, buil<span class=\"_ _5\"></span>t aro<span class=\"_ _5\"></span>und t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rent s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>t is po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t a comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ing pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>ging &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra an<span class=\"_ _5\"></span>d Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d als<span class=\"_ _5\"></span>o on<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an tr<span class=\"_ _5\"></span>igg<span class=\"_ _5\"></span>er cos<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me in di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p worldwide. The DEME<span class=\"_ _3\"></span> operational and m<span class=\"_ _3\"></span>anagement st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r is ali<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th the D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal segments as well as<span class=\"_ _3\"></span> the manage<span class=\"_ _3\"></span>ment reporting that is based on a w<span class=\"_ _3\"></span>orldwide uniform analytical accounting sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>naly<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t by co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny<span class=\"_ _3\"></span>, tha<span class=\"_ _5\"></span>t give<span class=\"_ _5\"></span>s a bre<span class=\"_ _5\"></span>akdow<span class=\"_ _5\"></span>n by pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cent<span class=\"_ _5\"></span>er<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>s the b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s for the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n alw<span class=\"_ _5\"></span>ays b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>d with the income<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatement of the c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span>.For p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich t<span class=\"_ _5\"></span>wo s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d (for ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce an o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e), the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>eir ow<span class=\"_ _5\"></span>n sha<span class=\"_ _5\"></span>re in re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e and result. When one<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment is working<span class=\"_ _3\"></span> for another segment as a<span class=\"_ _3\"></span> subcontractor or when a segment<span class=\"_ _3\"></span> hires equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt to us<span class=\"_ _5\"></span>e on p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is de<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ated t<span class=\"_ _5\"></span>o ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this i<span class=\"_ _5\"></span>s remun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s len<span class=\"_ _5\"></span>gth b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>. Inter<span class=\"_ _3\"></span>-se<span class=\"_ _5\"></span>gment revenues<span class=\"ls3 ws3\"> are inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s of </span>the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g the w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>, b<span class=\"_ _5\"></span>ut a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s invoic<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nal cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>omer. Currently int<span class=\"_ _3\"></span>ercompany<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ales for major<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent (dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s; o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s) so t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no inter<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>segment revenue to repor<span class=\"_ _5\"></span>t on separa<span class=\"_ _5\"></span>tely<span class=\"_ _3\"></span>.For each segment<span class=\"_ _8\"></span> the turnover<span class=\"_ _8\"></span>, EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>, depreciation and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd EBI<span class=\"_ _5\"></span>T is re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>ted<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the Concessions segment these measures<span class=\"_ _3\"></span> of perf<span class=\"_ _5\"></span>ormance are only a<span class=\"_ _3\"></span>pplicable to<span class=\"_ _3\"></span> the subsidia<span class=\"_ _3\"></span>ries (fully c<span class=\"_ _3\"></span>onsolidated ent<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>his s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent). A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sof th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent is o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing in a minority stake in participations, the operating result<span class=\"_ _3\"></span> of th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om associates and joint<span class=\"_ _3\"></span> ventures t<span class=\"_ _3\"></span>hat is a<span class=\"_ _3\"></span>lso segmented.The basis for<span class=\"_ _3\"></span> the segment reporting is the m<span class=\"_ _3\"></span>anagement rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o all ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es do<span class=\"_ _5\"></span>ne by o<span class=\"_ _5\"></span>ur subsidiaries, the ma<span class=\"_ _3\"></span>nagement report also includes the<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ted by j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>, sh<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e DEME\u2019s shar<span class=\"_ _5\"></span>e of re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. This propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method whereby the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are in t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e, is no<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d under IFRS for<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Management<span class=\"_ _3\"></span> however h<span class=\"_ _3\"></span>as to mo<span class=\"_ _5\"></span>nito<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s, b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol as in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e. In t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent repor<span class=\"_ _5\"></span>ting the jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures are c<span class=\"_ _3\"></span>onsolidated acc<span class=\"_ _3\"></span>ording to the proportionate consolidation<span class=\"_ _3\"></span> method and the<span class=\"_ _3\"></span> intercompan<span class=\"_ _8\"></span>y transac<span class=\"_ _5\"></span>tions between the joint vent<span class=\"_ _3\"></span>ures and D<span class=\"_ _5\"></span>EME sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of propor<span class=\"_ _5\"></span>tionate c<span class=\"_ _3\"></span>onsolidation. The total<span class=\"_ _3\"></span> of the reported segment amounts is reconc<span class=\"_ _3\"></span>iled with the c<span class=\"_ _3\"></span>orresponding amounts in the<span class=\"_ _3\"></span> DEME con<span class=\"_ _3\"></span>solidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. The S<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up (IFR<span class=\"_ _5\"></span>S ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t) is no<span class=\"_ _5\"></span>t af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation method, on<span class=\"_ _3\"></span>ly the presentation of the result of<span class=\"_ _3\"></span> the year<span class=\"_ _3\"></span> is different.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d associates, the reconciliation<span class=\"_ _3\"></span> column<span class=\"_ _3\"></span> includes the<span class=\"_ _3\"></span> net result and carrying amount of<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures that are consolidat<span class=\"_ _3\"></span>ed according<span class=\"_ _8\"></span> to the equity method in the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s but a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is ma<span class=\"_ _5\"></span>de to n<span class=\"_ _5\"></span>ote (8) for m<span class=\"_ _5\"></span>ore information about joint<span class=\"_ _8\"></span> ventures and associates.DEME\u2019s man<span class=\"_ _5\"></span>agem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fo<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e (fi<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al) p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance a<span class=\"_ _5\"></span>nd on t<span class=\"_ _5\"></span>he curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s depl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of projects<span class=\"_ _5\"></span>. The financing a<span class=\"_ _3\"></span>ctiv<span class=\"_ _5\"></span>ities and monitoring<span class=\"_ _3\"></span> of ou<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>med c<span class=\"_ _5\"></span>entr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y at DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p leve<span class=\"_ _5\"></span>l, an<span class=\"_ _5\"></span>d ther<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore n<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial information is presented<span class=\"_ _3\"></span> for those activi<span class=\"_ _5\"></span>ties.The <span class=\"lse ws12\">s<span class=\"_ _5\"></span>egmentation of DE<span class=\"_ _3\"></span>ME\u2019<span class=\"_ _3\"></span>s fleet<span class=\"ls3 ws3\"> is do<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d </span></span>upo<span class=\"_ _5\"></span>n the na<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t de<span class=\"_ _5\"></span>dica<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et per n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>e is at<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in the a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>eet i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E as i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls are c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>inuo<span class=\"_ _5\"></span>usl<span class=\"_ _5\"></span>y working on different project<span class=\"_ _5\"></span>s around t<span class=\"_ _3\"></span>he world.SUMM<span class=\"_ _5\"></span>AR<span class=\"_ _8\"></span>Y OF PRI<span class=\"_ _5\"></span>NCIP<span class=\"_ _6\"></span>AL A<span class=\"_ _8\"></span>CC<span class=\"_ _8\"></span>OU<span class=\"_ _5\"></span>NTING POLI<span class=\"_ _8\"></span>CIESPRINCIPLES OF CONSOLIDA<span class=\"_ _6\"></span>TIONThe consolidated financial sta<span class=\"_ _5\"></span>tements incorpora<span class=\"_ _5\"></span>te the f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any (fu<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>y consolidated entities<span class=\"_ _8\"></span>).Control is<span class=\"_ _3\"></span> achieved when<span class=\"_ _8\"></span> the Company: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">ha<span class=\"_ _5\"></span>s power over the inves<span class=\"_ _5\"></span>tee;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, o<span class=\"_ _5\"></span>r has r<span class=\"_ _5\"></span>ight<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, to v<span class=\"_ _5\"></span>aria<span class=\"_ _5\"></span>ble r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>involvemen<span class=\"_ _5\"></span>t with the inves<span class=\"_ _5\"></span>tee; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">h<span class=\"_ _5\"></span>as th<span class=\"_ _5\"></span>e abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y to us<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ower t<span class=\"_ _5\"></span>o af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>.</span></span>The Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>het<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>r not i<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>ls an inves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e if f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d circu<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ces in<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re chan<span class=\"_ _5\"></span>ges t<span class=\"_ _5\"></span>o one o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e thr<span class=\"_ _5\"></span>ee el<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol liste<span class=\"_ _5\"></span>d above.Consolidation of<span class=\"_ _3\"></span> a subsidia<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>y begins when<span class=\"_ _3\"></span> the Compan<span class=\"_ _3\"></span>y obtains control o<span class=\"_ _3\"></span>ver the<span class=\"_ _3\"></span> subsidiary and ceases whenthe Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l of th<span class=\"_ _5\"></span>e sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y. Spe<span class=\"_ _5\"></span>cif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y, inco<span class=\"_ _5\"></span>me an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idiar<span class=\"_ _4\"></span>y acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d or dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar are in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d statement of income<span class=\"_ _3\"></span> and other c<span class=\"_ _3\"></span>omprehensive i<span class=\"_ _3\"></span>ncome fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>ate th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any gai<span class=\"_ _5\"></span>ns con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l unt<span class=\"_ _5\"></span>il the d<span class=\"_ _5\"></span>ate when the Com<span class=\"_ _3\"></span>pany ceases t<span class=\"_ _3\"></span>o control the<span class=\"_ _8\"></span> subsidiar<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>.Profit or loss and each com<span class=\"_ _3\"></span>ponent of other c<span class=\"_ _3\"></span>omprehensive inco<span class=\"_ _5\"></span>me ar<span class=\"_ _5\"></span>e at<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny and to the non-controlling<span class=\"_ _8\"></span> interes<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. T<span class=\"_ _6\"></span>o<span class=\"_ _5\"></span>tal comprehens<span class=\"_ _3\"></span>ive inco<span class=\"_ _5\"></span>me of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s is at<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d to the n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rol<span class=\"_ _5\"></span>ling in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, e<span class=\"_ _5\"></span>ven if t<span class=\"_ _5\"></span>his results in the non-controlling<span class=\"_ _3\"></span> interests having a deficit bal<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>. When n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sar<span class=\"_ _4\"></span>y, adjus<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade to t<span class=\"_ _5\"></span>he financial statements of subsidi<span class=\"_ _3\"></span>aries to bring<span class=\"_ _3\"></span> their accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies in<span class=\"_ _3\"></span> line with the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> accounting<span class=\"_ _8\"></span> polici<span class=\"_ _5\"></span>es.All intragroup<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s and l<span class=\"_ _3\"></span>iabilities, equity<span class=\"_ _8\"></span>, income, ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en memb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>ull in th<span class=\"_ _5\"></span>e consolidated financi<span class=\"_ _3\"></span>al statements.Chan<span class=\"_ _5\"></span>ges in t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>\u2019s own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies that d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t res<span class=\"_ _5\"></span>ult i<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p los<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol ove<span class=\"_ _5\"></span>r the subsidiaries are<span class=\"_ _8\"></span> accounted for as equity transactions. The car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e non-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rolling intere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s are adjus<span class=\"_ _5\"></span>ted to ref<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t the chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n thei<span class=\"_ _5\"></span>r res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iari<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Any di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t by whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e non-<span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>rolling intere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s are adjus<span class=\"_ _5\"></span>ted and the fair val<span class=\"_ _5\"></span>ue of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>side<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d or re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and a<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>but<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. Whe<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p los<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rol o<span class=\"_ _5\"></span>f a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y, a gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in p<span class=\"_ _5\"></span>rof<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s and is c<span class=\"_ _5\"></span>alc<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en (i<span class=\"_ _5\"></span>) the a<span class=\"_ _5\"></span>ggre<span class=\"_ _5\"></span>gate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of the co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of any retained interest and (<span class=\"_ _3\"></span>ii) the<span class=\"_ _8\"></span> previous carr<span class=\"_ _5\"></span>ying amount of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill) an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e subsidiary and any<span class=\"_ _8\"></span> non<span class=\"_ _5\"></span>-controlling int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s. All amounts previously recognised in<span class=\"_ _3\"></span> other comprehen<span class=\"_ _3\"></span>sive income<span class=\"_ _3\"></span> in relation to<span class=\"_ _8\"></span> that subsidiary are accounted<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or as if t<span class=\"_ _3\"></span>he Gro<span class=\"_ _5\"></span>up had d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tly d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s or liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e subs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y (i<span class=\"_ _5\"></span>.e. r<span class=\"_ _5\"></span>ecla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss or tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to an<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>gor<span class=\"_ _4\"></span>y of e<span class=\"_ _5\"></span>quit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed/permi<span class=\"_ _5\"></span>tte<span class=\"_ _5\"></span>d by applicabl<span class=\"_ _5\"></span>e IFRSs).An inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d is ini<span class=\"_ _5\"></span>tiall<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. This f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>s the i<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>ial ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e date w<span class=\"_ _5\"></span>hen co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol is l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f subsequently accounting<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or the retained<span class=\"_ _3\"></span> interest as an<span class=\"_ _3\"></span> associate, joint ve<span class=\"_ _3\"></span>nture or<span class=\"_ _3\"></span> financial asset.Associated companies <span class=\"ff61 ls3 ws3\">are tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e DEME </span>Group has s<span class=\"_ _3\"></span>ignificant influence. The sig<span class=\"_ _3\"></span>nificant influence is th<span class=\"_ _5\"></span>e pow<span class=\"_ _5\"></span>er to t<span class=\"_ _5\"></span>ake par<span class=\"_ _4\"></span>t in f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial an<span class=\"_ _5\"></span>d op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>icie<span class=\"_ _5\"></span>s of a compan<span class=\"_ _8\"></span>y without having control or<span class=\"_ _8\"></span> joint control over<span class=\"_ _3\"></span> these policies.A <span class=\"ff6a\">jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e </span><span class=\"lse ws12\">is a joi<span class=\"_ _3\"></span>nt arrangement whereb<span class=\"_ _3\"></span>y the parties </span>exerting joint control<span class=\"_ _3\"></span> over the<span class=\"_ _8\"></span> arr<span class=\"_ _5\"></span>angement h<span class=\"_ _3\"></span>ave rights to<span class=\"_ _8\"></span> the net assets of the joint a<span class=\"_ _3\"></span>rrangement. Joint control<span class=\"_ _8\"></span> is the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>lly a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ed sh<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol o<span class=\"_ _5\"></span>f an arrangement, which exists only when decisions about the<span class=\"_ _8\"></span> relevant activities require una<span class=\"_ _3\"></span>nimous c<span class=\"_ _3\"></span>onsent of the par<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s sharing control<span class=\"_ _5\"></span>.A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint ventu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ocia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e equity method in the c<span class=\"_ _3\"></span>onsolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Und<span class=\"_ _5\"></span>er the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, an inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ocia<span class=\"_ _5\"></span>te is f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed at c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d then a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>hare of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t and in t<span class=\"_ _5\"></span>he com<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>hens<span class=\"_ _5\"></span>ive income of<span class=\"_ _3\"></span> the associate or joi<span class=\"_ _3\"></span>nt ventu<span class=\"_ _3\"></span>re. When the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> shar<span class=\"_ _5\"></span>e of lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r a join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds the Group\u2019s<span class=\"_ _8\"></span> interes<span class=\"_ _5\"></span>t in<span class=\"_ _3\"></span> that associate or<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ure (whic<span class=\"_ _5\"></span>h incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s any lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>erm in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t, in s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, for<span class=\"_ _5\"></span>m pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s net i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate or joint<span class=\"_ _3\"></span> venture<span class=\"_ _8\"></span>), the Group d<span class=\"_ _3\"></span>iscontinues recognisi<span class=\"_ _3\"></span>ng its shar<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed onl<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red l<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>l or construc<span class=\"_ _5\"></span>tive obligations<span class=\"_ _8\"></span> or made payments on behalf of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure. T<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d as ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y on t<span class=\"_ _5\"></span>he ba<span class=\"_ _5\"></span>lanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt wi<span class=\"_ _5\"></span>thin n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (note (8)<span class=\"_ _3\"></span>).The proportionate consolidation method whereby<span class=\"_ _8\"></span> the Group accou<span class=\"_ _3\"></span>nts for the assets<span class=\"_ _5\"></span>, liabil<span class=\"_ _3\"></span>ities, revenues and<span class=\"_ _3\"></span> ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s acc<span class=\"_ _5\"></span>ordi<span class=\"_ _5\"></span>ng to i<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, is not a<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S but i<span class=\"_ _5\"></span>s st<span class=\"_ _5\"></span>ill ap<span class=\"_ _5\"></span>plie<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e management<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting which<span class=\"_ _3\"></span> is the basis<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting. Interests in joint<span class=\"_ _3\"></span> ventures<span class=\"_ _3\"></span> or associates are accounted<span class=\"_ _3\"></span> for from the d<span class=\"_ _3\"></span>ate when the<span class=\"_ _8\"></span> entit<span class=\"_ _5\"></span>y becomes a joint vent<span class=\"_ _8\"></span>ure or associate. At<span class=\"_ _8\"></span> the acquisition of the<span class=\"_ _3\"></span> inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, any su<span class=\"_ _5\"></span>rpl<span class=\"_ _5\"></span>us be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt and t<span class=\"_ _5\"></span>he sha<span class=\"_ _5\"></span>re in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>y is rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed as g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of the inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Any s<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>lus b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e of n<span class=\"_ _5\"></span>et as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e investment after remeasurement<span class=\"_ _3\"></span> is immedi<span class=\"_ _3\"></span>ately recorded in the i<span class=\"_ _3\"></span>ncome statement du<span class=\"_ _3\"></span>ring the period of a<span class=\"_ _3\"></span>cquisition of the in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tment.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p cont<span class=\"_ _5\"></span>inue<span class=\"_ _5\"></span>s to us<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en an inves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ment i<span class=\"_ _5\"></span>n an as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te be<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>es an i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in a joint vent<span class=\"_ _8\"></span>ure or an in<span class=\"_ _3\"></span>vestment in a j<span class=\"_ _3\"></span>oint vent<span class=\"_ _3\"></span>ure becomes an in<span class=\"_ _3\"></span>vestment in an<span class=\"_ _3\"></span> associate. There is<span class=\"_ _3\"></span> no remeasurement<span class=\"_ _8\"></span> to fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e upo<span class=\"_ _5\"></span>n suc<span class=\"_ _5\"></span>h chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p red<span class=\"_ _5\"></span>uces i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in an as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e or a jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture b<span class=\"_ _5\"></span>ut t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s to us<span class=\"_ _5\"></span>e the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up re<span class=\"_ _5\"></span>clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ies t<span class=\"_ _5\"></span>o pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s the proportion of the gain<span class=\"_ _3\"></span> or loss that h<span class=\"_ _3\"></span>ad previously been recognised in other<span class=\"_ _3\"></span> comprehensive<span class=\"_ _3\"></span> income rel<span class=\"_ _3\"></span>ating to<span class=\"_ _3\"></span> that r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n in ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>f that g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s woul<span class=\"_ _5\"></span>d be r<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>ass<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>n the d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the related<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s or lia<span class=\"_ _3\"></span>bilities.Whe<span class=\"_ _5\"></span>n a grou<span class=\"_ _5\"></span>p enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate o<span class=\"_ _5\"></span>r a join<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e transactions with the associate or joint<span class=\"_ _3\"></span> venture<span class=\"_ _3\"></span> are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>nly t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t of in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>e or jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the Group. The gross amou<span class=\"_ _3\"></span>nt on transactions with associates or jo<span class=\"_ _5\"></span>int ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t eli<span class=\"_ _5\"></span>minat<span class=\"_ _5\"></span>ed; o<span class=\"_ _5\"></span>nly a<span class=\"_ _5\"></span>ny gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on thes<span class=\"_ _5\"></span>e trans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tions is eliminated<span class=\"_ _5\"></span>.A <span class=\"ff6a ls33 ws3c\">joint operation </span>is a joint a<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e par<span class=\"_ _5\"></span>ties (<span class=\"_ _4\"></span>joint operators)<span class=\"_ _8\"></span> have direct rights over the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>set<span class=\"_ _5\"></span>s and di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>blig<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ith r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>\u2019s liabilities. Joint<span class=\"_ _3\"></span> control is<span class=\"_ _3\"></span> the contractually ag<span class=\"_ _3\"></span>reed sharing of co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol of a<span class=\"_ _5\"></span>n arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y wh<span class=\"_ _5\"></span>en decisions about the<span class=\"_ _3\"></span> relevant activities require una<span class=\"_ _3\"></span>nimous cons<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l. Wh<span class=\"_ _5\"></span>en a DEM<span class=\"_ _5\"></span>E Group entity star<span class=\"_ _5\"></span>ts ac<span class=\"_ _5\"></span>tivit<span class=\"_ _5\"></span>y in<span class=\"_ _3\"></span> a joint<span class=\"_ _3\"></span> operation, the Group recognises, in relation<span class=\"_ _3\"></span> to its interest in the<span class=\"_ _8\"></span> joint operation: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s shar<span class=\"_ _5\"></span>e of any a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld jo<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f any lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed </span></span>held jointly; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>nue f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are o<span class=\"_ _5\"></span>f the ou<span class=\"_ _5\"></span>tp<span class=\"_ _5\"></span>ut </span></span>arising from the<span class=\"_ _8\"></span> joint operation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enue f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are o<span class=\"_ _5\"></span>f the </span></span>output by the j<span class=\"_ _3\"></span>oint operation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, incl<span class=\"_ _5\"></span>udin<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>re of a<span class=\"_ _5\"></span>ny ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s </span></span>incurre<span class=\"_ _5\"></span>d jointly.The Group ac<span class=\"_ _3\"></span>counts for the assets, liabilities, revenues<span class=\"_ _3\"></span> and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ting t<span class=\"_ _5\"></span>o it<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t in a join<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n in acco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>Ss a<span class=\"_ _5\"></span>ppl<span class=\"_ _5\"></span>icab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.When a g<span class=\"_ _3\"></span>roup entity transact<span class=\"_ _5\"></span>s with a joi<span class=\"_ _3\"></span>nt operation in<span class=\"_ _3\"></span> whi<span class=\"_ _5\"></span>ch a gro<span class=\"_ _5\"></span>up ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y is a j<span class=\"_ _5\"></span>oint o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r (suc<span class=\"_ _5\"></span>h as a s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>r cont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s), the Gr<span class=\"_ _5\"></span>oup i<span class=\"_ _5\"></span>s cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o be conducting the transaction with the other par<span class=\"_ _5\"></span>ties to the joint operation, and<span class=\"_ _3\"></span> gains<span class=\"_ _3\"></span> and losses resulting from the transactions are recognised in the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f oth<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 interests in the joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>eration.When a g<span class=\"_ _3\"></span>roup entity transact<span class=\"_ _5\"></span>s with a joi<span class=\"_ _3\"></span>nt operation in whi<span class=\"_ _5\"></span>ch a gro<span class=\"_ _5\"></span>up ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y is a j<span class=\"_ _5\"></span>oint o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r (suc<span class=\"_ _5\"></span>h as a pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>e of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s), the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p doe<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he gains a<span class=\"_ _5\"></span>nd lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s unti<span class=\"_ _5\"></span>l it re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>lls th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s to a th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y.Wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up the<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct d<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ven construc<span class=\"_ _5\"></span>tion consor<span class=\"_ _5\"></span>tiums that a<span class=\"_ _3\"></span>re not struc<span class=\"_ _5\"></span>tured as a<span class=\"_ _8\"></span> sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate le<span class=\"_ _5\"></span>gal e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. They are di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly in<span class=\"_ _5\"></span>tegr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>gure<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>at is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng in th<span class=\"_ _5\"></span>e consor<span class=\"_ _5\"></span>tium. They<span class=\"_ _3\"></span> are considered<span class=\"_ _3\"></span> as joint<span class=\"_ _3\"></span> operations and thus f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow th<span class=\"_ _5\"></span>e acco<span class=\"_ _5\"></span>unti<span class=\"_ _5\"></span>ng me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>bove (integration on<span class=\"_ _8\"></span> a line-by-line basis)<span class=\"_ _8\"></span>.BUSINESS COMBINA<span class=\"_ _6\"></span>TIONS P<span class=\"_ _5\"></span>OLICYAcquisitions<span class=\"_ _3\"></span> of businesses are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the acquisition method. The<span class=\"_ _3\"></span> consideration transferred in a<span class=\"_ _8\"></span> business combination<span class=\"_ _8\"></span> is measured at fair<span class=\"_ _3\"></span> value, which<span class=\"_ _8\"></span> is cal<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ed as t<span class=\"_ _5\"></span>he su<span class=\"_ _5\"></span>m of th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>, liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>ncur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d by the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>rs o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>ree a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup in e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge f<span class=\"_ _5\"></span>or cont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>. Acqu<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>rela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are gen<span class=\"_ _5\"></span>eral<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ment a<span class=\"_ _5\"></span>s OP<span class=\"_ _5\"></span>EX expenses as<span class=\"_ _8\"></span> incurred.At<span class=\"_ _8\"></span> the acquisition date,<span class=\"_ _8\"></span> the identif<span class=\"_ _5\"></span>iable assets acquired and t<span class=\"_ _5\"></span>he liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>sume<span class=\"_ _5\"></span>d are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>eir f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e, w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xcept<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s or l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ies </span></span>rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o empl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>e ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d in acc<span class=\"_ _5\"></span>orda<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>th I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>2 income taxes and I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>9 employee b<span class=\"_ _5\"></span>enef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s respectively; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o shar<span class=\"_ _5\"></span>e-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d </span></span>payment arrangements of the<span class=\"_ _3\"></span> acquiree<span class=\"_ _3\"></span> or share-based pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup en<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o to replace sh<span class=\"_ _3\"></span>are-base<span class=\"_ _5\"></span>d payment a<span class=\"_ _3\"></span>rrangements of the acqui<span class=\"_ _5\"></span>ree a<span class=\"_ _5\"></span>re me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed in a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>danc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 2 shar<span class=\"_ _3\"></span>e-based pa<span class=\"_ _3\"></span>yment at the acq<span class=\"_ _3\"></span>uisition dat<span class=\"_ _3\"></span>e; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (or dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l grou<span class=\"_ _5\"></span>ps) that a<span class=\"_ _5\"></span>re cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or </span></span>sa<span class=\"_ _5\"></span>le in ac<span class=\"_ _5\"></span>cord<span class=\"_ _5\"></span>ance w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h IFR<span class=\"_ _5\"></span>S 5 non-current asset<span class=\"_ _5\"></span>s held for sale and d<span class=\"_ _3\"></span>iscontinued operations are m<span class=\"_ _5\"></span>easu<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n accordance wit<span class=\"_ _5\"></span>h that standar<span class=\"_ _5\"></span>d.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is ini<span class=\"_ _5\"></span>tiall<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t (b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>xces<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he aggregate of<span class=\"_ _3\"></span> the consideration<span class=\"_ _3\"></span> transferred and the amount recognised for non-controlling i<span class=\"_ _3\"></span>nterests and any previous inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t he<span class=\"_ _5\"></span>ld ove<span class=\"_ _5\"></span>r the n<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d liabilitie<span class=\"_ _5\"></span>s assum<span class=\"_ _5\"></span>ed). Af<span class=\"_ _5\"></span>ter initial reco<span class=\"_ _5\"></span>gnition<span class=\"_ _5\"></span>, goo<span class=\"_ _5\"></span>dwill is measured at c<span class=\"_ _3\"></span>ost less any accu<span class=\"_ _3\"></span>mulated i<span class=\"_ _3\"></span>mpairment losses. For t<span class=\"_ _5\"></span>he pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t tes<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng, g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span> a business combi<span class=\"_ _3\"></span>nation is, from the<span class=\"_ _8\"></span> acquisition date, allocated to eac<span class=\"_ _3\"></span>h of the<span class=\"_ _3\"></span> Group\u2019s cash-generating un<span class=\"_ _3\"></span>its that are expected to benefi<span class=\"_ _5\"></span>t from the<span class=\"_ _3\"></span> combination, i<span class=\"_ _3\"></span>rrespec<span class=\"_ _5\"></span>tive of w<span class=\"_ _5\"></span>het<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>e are<span class=\"_ _5\"></span> as<span class=\"_ _5\"></span>sign<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e uni<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>re go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l has b<span class=\"_ _5\"></span>een a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ed to a cash-generating un<span class=\"_ _3\"></span>it (C<span class=\"_ _8\"></span>GU) and part of the operation wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>hat uni<span class=\"_ _5\"></span>t is di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed of, the g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the disposed operation is i<span class=\"_ _3\"></span>ncluded in<span class=\"_ _3\"></span> the carrying amount of the operation when dete<span class=\"_ _3\"></span>rmining the<span class=\"_ _8\"></span> gain or loss on di<span class=\"_ _3\"></span>sposal. Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>ircum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es is m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d the portion of the cash-generating unit retained.Non-controlling interests that represent ownership interests and entitle their<span class=\"_ _8\"></span> hol<span class=\"_ _5\"></span>ders to a<span class=\"_ _3\"></span> propor<span class=\"_ _5\"></span>tionate sha<span class=\"_ _3\"></span>re of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>\u2019s net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n the ev<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f liqui<span class=\"_ _5\"></span>dati<span class=\"_ _5\"></span>on may b<span class=\"_ _5\"></span>e initially me<span class=\"_ _3\"></span>asured either at<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> or at the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>\u2019 proportionate share of the recognised amounts of the<span class=\"_ _3\"></span> acquiree\u2019<span class=\"_ _3\"></span>s identifiable net asset<span class=\"_ _5\"></span>s. The choice of<span class=\"_ _3\"></span> measurement basis<span class=\"_ _3\"></span> is made transac<span class=\"_ _5\"></span>tion by transaction.When the c<span class=\"_ _3\"></span>onsideration transferred by the<span class=\"_ _3\"></span> Group in a<span class=\"_ _8\"></span> business combination<span class=\"_ _8\"></span> includes asset<span class=\"_ _5\"></span>s or lia<span class=\"_ _3\"></span>bilities resulting from a<span class=\"_ _3\"></span> contingent c<span class=\"_ _3\"></span>onsideration arrangement, the contingent<span class=\"_ _8\"></span> consideration is measured at<span class=\"_ _3\"></span> its acqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s par<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e consideration transferred in a<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>usiness combin<span class=\"_ _3\"></span>ation. Changes in<span class=\"_ _8\"></span> the fair value of<span class=\"_ _3\"></span> the contingent<span class=\"_ _8\"></span> consideration that qua<span class=\"_ _3\"></span>lif<span class=\"_ _5\"></span>y as measu<span class=\"_ _3\"></span>rement period adjustments are adjus<span class=\"_ _5\"></span>ted retro<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>vely, with corre<span class=\"_ _5\"></span>spon<span class=\"_ _5\"></span>ding adjust<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s against goodwill. Measurement<span class=\"_ _3\"></span> period adjustments are adjustments that arise from additiona<span class=\"_ _3\"></span>l information obtained during<span class=\"_ _3\"></span> the \u2018measu<span class=\"_ _3\"></span>rement period\u2019 (which can<span class=\"_ _3\"></span>not exceed one y<span class=\"_ _3\"></span>ear from the<span class=\"_ _8\"></span> acquisition date<span class=\"_ _8\"></span>) about fac<span class=\"_ _5\"></span>ts and ci<span class=\"_ _5\"></span>rcum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e acqui<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate.The subsequent acc<span class=\"_ _3\"></span>ounting for<span class=\"_ _3\"></span> changes in<span class=\"_ _3\"></span> the fair<span class=\"_ _3\"></span> value of the conti<span class=\"_ _3\"></span>ngent consideration<span class=\"_ _3\"></span> that do<span class=\"_ _3\"></span> not qualify as measurement period adj<span class=\"_ _3\"></span>ustments depends on how the<span class=\"_ _8\"></span> contingent c<span class=\"_ _3\"></span>onsideration is c<span class=\"_ _3\"></span>lassifie<span class=\"_ _5\"></span>d. Contingent<span class=\"_ _8\"></span> consideration that<span class=\"_ _8\"></span> is classif<span class=\"_ _5\"></span>ied as an<span class=\"_ _3\"></span> asset or a liabi<span class=\"_ _3\"></span>lity is remeasured at<span class=\"_ _3\"></span> subsequent repor<span class=\"_ _5\"></span>ting dat<span class=\"_ _3\"></span>es in ac<span class=\"_ _3\"></span>cordance<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 9, or I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 37 provisions, contingent<span class=\"_ _3\"></span> liabilities<span class=\"_ _3\"></span> and contingent assets, as appropriat<span class=\"_ _3\"></span>e, with the c<span class=\"_ _3\"></span>orresponding gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.When a busi<span class=\"_ _3\"></span>ness combination<span class=\"_ _3\"></span> is achiev<span class=\"_ _3\"></span>ed in stages, the Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s prev<span class=\"_ _5\"></span>ious<span class=\"_ _5\"></span>ly h<span class=\"_ _5\"></span>eld e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>e is rem<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ured t<span class=\"_ _5\"></span>o it<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quisi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on-<span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>te fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d the res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s, i<span class=\"_ _5\"></span>f any, is reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Amounts arising from int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in t<span class=\"_ _3\"></span>he acqui<span class=\"_ _3\"></span>ree prior to the acqui<span class=\"_ _3\"></span>sition date<span class=\"_ _3\"></span> that ha<span class=\"_ _3\"></span>ve previously been<span class=\"_ _3\"></span> recognised in other c<span class=\"_ _3\"></span>omprehensive i<span class=\"_ _3\"></span>ncome are<span class=\"_ _3\"></span> reclassifie<span class=\"_ _5\"></span>d to<span class=\"_ _3\"></span> profi<span class=\"_ _5\"></span>t or loss where such<span class=\"_ _3\"></span> treatment would<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>e appropriate<span class=\"_ _3\"></span> if that inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t we<span class=\"_ _5\"></span>re dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of.If the initi<span class=\"_ _3\"></span>al accou<span class=\"_ _3\"></span>nting for a<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combin<span class=\"_ _3\"></span>ation is inco<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ete by t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ting p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e combination<span class=\"_ _3\"></span> occurs, the Group reports provisional amounts for the items<span class=\"_ _3\"></span> for which t<span class=\"_ _3\"></span>he accounti<span class=\"_ _3\"></span>ng is i<span class=\"_ _3\"></span>ncomplete. Those provisional amo<span class=\"_ _3\"></span>unts are adjusted retrospectively during the measurement<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>eriod (see above<span class=\"_ _8\"></span>), or additional<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s or liabi<span class=\"_ _3\"></span>lities are recogn<span class=\"_ _3\"></span>ised, to reflec<span class=\"_ _5\"></span>t new i<span class=\"_ _3\"></span>nformation obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s that e<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t the acqui<span class=\"_ _3\"></span>sition date<span class=\"_ _3\"></span> that, if known, would ha<span class=\"_ _8\"></span>ve af<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ted the amounts recognised at th<span class=\"_ _3\"></span>at date.A<span class=\"_ _5\"></span>s curr<span class=\"_ _5\"></span>ent I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>Ss do n<span class=\"_ _5\"></span>ot s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cif<span class=\"_ _4\"></span>y rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d measurement princ<span class=\"_ _3\"></span>iples in respect of business combinations<span class=\"_ _3\"></span> between entities under common<span class=\"_ _3\"></span> control (the<span class=\"_ _5\"></span>se ar<span class=\"_ _5\"></span>e excl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sco<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f IFR<span class=\"_ _5\"></span>S 3 busine<span class=\"_ _5\"></span>ss combinations), the<span class=\"_ _3\"></span> Group applies predecessor accou<span class=\"_ _3\"></span>nting. This m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s that t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ee are in<span class=\"_ _5\"></span>itia<span class=\"_ _5\"></span>lly r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he acquisition/<span class=\"_ _8\"></span>selling price<span class=\"_ _3\"></span> and the carrying amount of<span class=\"_ _3\"></span> the net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed/dispo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of i<span class=\"_ _5\"></span>s acco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y as a com<span class=\"_ _3\"></span>pensation to the sh<span class=\"_ _3\"></span>areholder<span class=\"_ _2\"></span>.FOREIGN C<span class=\"_ _8\"></span>URRENCIESThe Group\u2019s<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidated financ<span class=\"_ _3\"></span>ial statements are pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d in eur<span class=\"_ _5\"></span>o, whi<span class=\"_ _5\"></span>ch is al<span class=\"_ _5\"></span>so t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s fun<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y. For each e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ty, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s the f<span class=\"_ _5\"></span>unc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d ite<span class=\"_ _5\"></span>ms inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in the financial<span class=\"_ _3\"></span> statements of each entity are measu<span class=\"_ _3\"></span>red usin<span class=\"_ _5\"></span>g that f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy. The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t method of consolidation<span class=\"_ _3\"></span> and on d<span class=\"_ _3\"></span>isposal of a foreign<span class=\"_ _3\"></span> ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g this method.Financia<span class=\"_ _3\"></span>l statements of foreign entities<span class=\"_ _3\"></span> with a functional curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y n<span class=\"_ _5\"></span>ot eq<span class=\"_ _5\"></span>ual to t<span class=\"_ _5\"></span>he eur<span class=\"_ _5\"></span>o, are t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>ted as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e year-<span class=\"_ _5\"></span>end r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e aver<span class=\"_ _5\"></span>age </span></span>excha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e year<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ansl<span class=\"_ _5\"></span>ated a<span class=\"_ _5\"></span>t </span></span>histor<span class=\"_ _5\"></span>ical exchange rate<span class=\"_ _5\"></span>s.Exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>f any, are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in other comprehens<span class=\"_ _3\"></span>ive income<span class=\"_ _3\"></span> and accu<span class=\"_ _3\"></span>mulated i<span class=\"_ _3\"></span>n equity (<span class=\"_ _3\"></span>and attributed to non-controlling<span class=\"_ _3\"></span> interests as appropriate<span class=\"_ _8\"></span>).On th<span class=\"_ _5\"></span>e disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (i.<span class=\"_ _5\"></span>e. a dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sal o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up's e<span class=\"_ _5\"></span>ntir<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n a for<span class=\"_ _5\"></span>eign o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, a disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al invol<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l over a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idiar<span class=\"_ _4\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation<span class=\"_ _8\"></span>), all of the<span class=\"_ _3\"></span> exchange<span class=\"_ _3\"></span> dif<span class=\"_ _5\"></span>ferences accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d in e<span class=\"_ _5\"></span>quit<span class=\"_ _5\"></span>y in r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f tha<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mpany a<span class=\"_ _5\"></span>re rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed to p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In ca<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a sub<span class=\"_ _5\"></span>sidia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation th<span class=\"_ _3\"></span>at does not result i<span class=\"_ _3\"></span>n the Group<span class=\"_ _3\"></span> losing control ove<span class=\"_ _3\"></span>r the subsid<span class=\"_ _3\"></span>iary, t<span class=\"_ _3\"></span>he proportionate share of accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d to non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lling i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or all o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als (i<span class=\"_ _5\"></span>.e<span class=\"_ _5\"></span>. par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als of associates or joint<span class=\"_ _8\"></span> ar<span class=\"_ _5\"></span>rangements that do<span class=\"_ _3\"></span> not result in<span class=\"_ _3\"></span> the Group losing<span class=\"_ _8\"></span> signif<span class=\"_ _5\"></span>icant influence or<span class=\"_ _3\"></span> joint control)<span class=\"_ _8\"></span>, the propor<span class=\"_ _5\"></span>tionate sha<span class=\"_ _3\"></span>re of the ac<span class=\"_ _3\"></span>cumul<span class=\"_ _3\"></span>ated excha<span class=\"_ _3\"></span>nge dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ecla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Foreign cu<span class=\"_ _3\"></span>rrency transac<span class=\"_ _5\"></span>tions are ac<span class=\"_ _3\"></span>counted for<span class=\"_ _3\"></span> at exchange<span class=\"_ _3\"></span> rates prevail<span class=\"_ _3\"></span>ing at the<span class=\"_ _8\"></span> date of the transactions. Monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and li<span class=\"_ _3\"></span>abilities denom<span class=\"_ _3\"></span>inated in<span class=\"_ _8\"></span> for<span class=\"_ _5\"></span>eign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t date r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fro<span class=\"_ _5\"></span>m the s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>lem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f for<span class=\"_ _5\"></span>eign currency transac<span class=\"_ _5\"></span>tions and from the transl<span class=\"_ _3\"></span>ation of monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and l<span class=\"_ _3\"></span>iabilities denom<span class=\"_ _3\"></span>inated i<span class=\"_ _3\"></span>n foreign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>- mo<span class=\"_ _5\"></span>net<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red in t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s of his<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>st in a f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y are n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>etr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d.In no<span class=\"_ _5\"></span>te (1<span class=\"_ _2\"></span>9) a ta<span class=\"_ _5\"></span>ble w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y to EU<span class=\"_ _5\"></span>R can b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 a<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.INT<span class=\"_ _6\"></span>ANGIBLE ASSETSAcquired<span class=\"_ _3\"></span> concessions, patents, licences and<span class=\"_ _3\"></span> similar right<span class=\"_ _5\"></span>sThes<span class=\"_ _5\"></span>e intangible<span class=\"_ _5\"></span>s, that are sep<span class=\"_ _5\"></span>arately acquire<span class=\"_ _5\"></span>d and that have a f<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe, a<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losses<span class=\"_ _5\"></span>. Amor<span class=\"_ _5\"></span>tisation is recognised on<span class=\"_ _3\"></span> a straight line<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>asis ove<span class=\"_ _3\"></span>r their es<span class=\"_ _5\"></span>timated us<span class=\"_ _5\"></span>eful li<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. These int<span class=\"_ _5\"></span>angible<span class=\"_ _5\"></span>s mainly relate to the a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span> that i<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d over th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>ic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>time o<span class=\"_ _5\"></span>f 10 years<span class=\"_ _5\"></span>.Cost<span class=\"_ _5\"></span>s for configuring<span class=\"_ _3\"></span> or customising<span class=\"_ _3\"></span> a supplier\u2019s<span class=\"_ _3\"></span> application so<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>e in a S<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>re as a S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice (S<span class=\"_ _5\"></span>aa<span class=\"_ _5\"></span>S) arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is<span class=\"_ _5\"></span> det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as a se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopmentEx<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>n re<span class=\"_ _5\"></span>sea<span class=\"_ _5\"></span>rch ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt as an O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e as in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>.An internal<span class=\"_ _3\"></span>ly-generated intangible asset arising from<span class=\"_ _3\"></span> development (<span class=\"_ _8\"></span>or from the dev<span class=\"_ _3\"></span>elopment phase of<span class=\"_ _3\"></span> an inte<span class=\"_ _5\"></span>rnal p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d if, and onl<span class=\"_ _5\"></span>y if, all of t<span class=\"_ _5\"></span>he follow<span class=\"_ _5\"></span>ing have been demo<span class=\"_ _5\"></span>nstr<span class=\"_ _5\"></span>ated: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e technical fe<span class=\"_ _5\"></span>asibilit<span class=\"_ _5\"></span>y of comple<span class=\"_ _5\"></span>ting the int<span class=\"_ _5\"></span>angible </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t so t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>t will b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilabl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use o<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the intention to<span class=\"_ _3\"></span> complete the<span class=\"_ _3\"></span> intangible asset and u<span class=\"_ _3\"></span>se </span></span>or s<span class=\"_ _5\"></span>ell it<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>r sel<span class=\"_ _5\"></span>l the in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">how the intangible asset will<span class=\"_ _3\"></span> generate probable<span class=\"_ _3\"></span> future </span></span>economic benefit<span class=\"_ _5\"></span>s; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e availabilit<span class=\"_ _5\"></span>y of adequate te<span class=\"_ _5\"></span>chnical, f<span class=\"_ _5\"></span>inancial and </span></span>oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and to use o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to r<span class=\"_ _5\"></span>eliab<span class=\"_ _5\"></span>ly m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture </span></span>at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t duri<span class=\"_ _5\"></span>ng it<span class=\"_ _5\"></span>s development.The amount init<span class=\"_ _5\"></span>ially reco<span class=\"_ _5\"></span>gnised f<span class=\"_ _5\"></span>or internall<span class=\"_ _5\"></span>y-ge<span class=\"_ _5\"></span>nerate<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is t<span class=\"_ _5\"></span>he su<span class=\"_ _5\"></span>m of th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ture in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>hen th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ible a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t me<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e recogni<span class=\"_ _5\"></span>tion cr<span class=\"_ _5\"></span>iteria lis<span class=\"_ _5\"></span>ted above<span class=\"_ _5\"></span>. Where no internall<span class=\"_ _5\"></span>y- gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ca<span class=\"_ _5\"></span>n be re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s in the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod i<span class=\"_ _5\"></span>n whi<span class=\"_ _5\"></span>ch it i<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d.Subs<span class=\"_ _5\"></span>equent to initial re<span class=\"_ _5\"></span>cognit<span class=\"_ _5\"></span>ion, inter<span class=\"_ _5\"></span>nally-<span class=\"_ _5\"></span>gener<span class=\"_ _5\"></span>ated int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed at c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ss a<span class=\"_ _5\"></span>ccumul<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losse<span class=\"_ _5\"></span>s, on the sa<span class=\"_ _5\"></span>me ba<span class=\"_ _5\"></span>sis a<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at are a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed separately.<span class=\"_ _8\"></span> Impairment testing is done d<span class=\"_ _3\"></span>uring the development at<span class=\"_ _8\"></span> each closing period.In the segment<span class=\"_ _3\"></span> Concessions, some development<span class=\"_ _3\"></span> expense<span class=\"_ _5\"></span>s are c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes D<span class=\"_ _5\"></span>EME Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as in t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f that i<span class=\"_ _5\"></span>s ful<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ated<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r each p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, ini<span class=\"_ _5\"></span>tial rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on has t<span class=\"_ _5\"></span>o be ap<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ved by t<span class=\"_ _5\"></span>he Aud<span class=\"_ _5\"></span>it Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tte<span class=\"_ _5\"></span>e and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt tes<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing is d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>uss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in the m<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ting o<span class=\"_ _5\"></span>n a semi-annual b<span class=\"_ _5\"></span>asis.Exploration for and evaluation<span class=\"_ _8\"></span> of mineral resourcesIn th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEME e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incurred for the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xploration and evalu<span class=\"_ _3\"></span>ation of mi<span class=\"_ _3\"></span>neral res<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rces o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d since t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnit<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia are not met.GOODWILLGoodw<span class=\"_ _5\"></span>ill a<span class=\"_ _3\"></span>rising from a<span class=\"_ _3\"></span> business combination<span class=\"_ _8\"></span> is recognised as an asset on the<span class=\"_ _8\"></span> date on which c<span class=\"_ _3\"></span>ontrol was obtained (<span class=\"_ _8\"></span>the acquisition d<span class=\"_ _3\"></span>ate<span class=\"_ _3\"></span>). Goodwill is measu<span class=\"_ _3\"></span>red at cost being<span class=\"_ _3\"></span> the excess of the<span class=\"_ _3\"></span> consideration transferred, the non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e acq<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span> st<span class=\"_ _5\"></span>ake alr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>y ow<span class=\"_ _5\"></span>ned b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny (if an<span class=\"_ _5\"></span>y) over th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quire<span class=\"_ _5\"></span>d and lia<span class=\"_ _3\"></span>bilities assumed on the<span class=\"_ _8\"></span> acquisition date.Non-controlling interests are initial<span class=\"_ _3\"></span>ly measured either<span class=\"_ _8\"></span> at fair value,<span class=\"_ _3\"></span> or at the<span class=\"_ _8\"></span> non<span class=\"_ _5\"></span>-controlling inte<span class=\"_ _3\"></span>rest<span class=\"_ _5\"></span>s\u2019 share of the<span class=\"_ _3\"></span> acqui<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>\u2019s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d id<span class=\"_ _5\"></span>enti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s of measurement is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>elected transac<span class=\"_ _5\"></span>tion by transaction.If<span class=\"_ _3\"></span>, after reassessment<span class=\"_ _5\"></span>, the net bal<span class=\"_ _3\"></span>ance, at<span class=\"_ _3\"></span> the acqui<span class=\"_ _3\"></span>sition date, of<span class=\"_ _3\"></span> identifiable asset<span class=\"_ _5\"></span>s acquired<span class=\"_ _8\"></span> and liabilities assumed is hig<span class=\"_ _3\"></span>her than<span class=\"_ _3\"></span> the sum<span class=\"_ _3\"></span> of the conside<span class=\"_ _3\"></span>ration transferred, non-<span class=\"_ _5\"></span>controlling i<span class=\"_ _3\"></span>nterests in the acqu<span class=\"_ _3\"></span>iree and the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ake in the a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ee p<span class=\"_ _5\"></span>rev<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>sly own<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup (<span class=\"_ _5\"></span>if any), t<span class=\"_ _5\"></span>he sur<span class=\"_ _5\"></span>plu<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely i<span class=\"_ _5\"></span>n the in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ment a<span class=\"_ _5\"></span>s a gain f<span class=\"_ _5\"></span>rom a bargain purchas<span class=\"_ _5\"></span>e.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is no<span class=\"_ _5\"></span>t amor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d but i<span class=\"_ _5\"></span>s subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt tes<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>ce annua<span class=\"_ _5\"></span>lly o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>entl<span class=\"_ _5\"></span>y if t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is an ind<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n that t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ash<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>gene<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing un<span class=\"_ _5\"></span>it to w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h it is allo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>ould h<span class=\"_ _5\"></span>ave su<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>red a l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s of v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>.Go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l is s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ss accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, if a<span class=\"_ _5\"></span>ny. Impair<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of goo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill i<span class=\"_ _5\"></span>s not r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ods<span class=\"_ _5\"></span>.If th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol ove<span class=\"_ _5\"></span>r a sub<span class=\"_ _5\"></span>sidia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, it dere<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>es the relate<span class=\"_ _5\"></span>d asse<span class=\"_ _5\"></span>ts (inclu<span class=\"_ _5\"></span>ding good<span class=\"_ _5\"></span>will), liabili<span class=\"_ _5\"></span>ties<span class=\"_ _5\"></span>, non-controlling<span class=\"_ _3\"></span> interest and other<span class=\"_ _3\"></span> components of equity<span class=\"_ _8\"></span>, while any re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>t gain o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d is re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>.PROPERT<span class=\"_ _5\"></span>Y<span class=\"_ _2\"></span>, PL<span class=\"_ _5\"></span>ANT AND EQUIPMENTProper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> are measured<span class=\"_ _3\"></span> at historical cost<span class=\"_ _5\"></span>, less accu<span class=\"_ _3\"></span>mulated de<span class=\"_ _3\"></span>preciation and<span class=\"_ _3\"></span> impairment los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Hi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>cal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s all di<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and al<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ture in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed to b<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t to it<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion an<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell as f<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>nten<span class=\"_ _5\"></span>ded u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. His<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>des t<span class=\"_ _5\"></span>he or<span class=\"_ _5\"></span>igi<span class=\"_ _5\"></span>nal pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se pr<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>, borrowing cost<span class=\"_ _5\"></span>s incu<span class=\"_ _3\"></span>rred during the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion period, and r<span class=\"_ _5\"></span>elate<span class=\"_ _5\"></span>d dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Ma<span class=\"_ _5\"></span>in dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re equipment c<span class=\"_ _3\"></span>onsists of components with dif<span class=\"_ _5\"></span>ferent useful live<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are a<span class=\"_ _5\"></span>ccoun<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>s sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate i<span class=\"_ _5\"></span>tems<span class=\"_ _5\"></span>.Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019s carr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amount or<span class=\"_ _3\"></span> recognised as a<span class=\"_ _3\"></span> separate asset<span class=\"_ _5\"></span>, as appropriat<span class=\"_ _3\"></span>e, onl<span class=\"_ _5\"></span>y whe<span class=\"_ _5\"></span>n it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le tha<span class=\"_ _5\"></span>t fu<span class=\"_ _5\"></span>ture e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>omi<span class=\"_ _5\"></span>c ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he i<span class=\"_ _5\"></span>tem wi<span class=\"_ _5\"></span>ll f<span class=\"_ _5\"></span>low to t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>tem c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y. The car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing amou<span class=\"_ _5\"></span>nt of t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ced p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t is d<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The w<span class=\"_ _5\"></span>ear and te<span class=\"_ _5\"></span>ar of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is high<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>t on project<span class=\"_ _8\"></span>-sp<span class=\"_ _5\"></span>ecific combinations of<span class=\"_ _3\"></span> soil conditions, materia<span class=\"_ _3\"></span>l to be p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e circu<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, an<span class=\"_ _5\"></span>d the intensity of the de<span class=\"_ _3\"></span>ployment of the<span class=\"_ _3\"></span> equipment (<span class=\"_ _8\"></span>fac<span class=\"_ _5\"></span>tors that a<span class=\"_ _5\"></span>re di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>icul<span class=\"_ _5\"></span>t to pr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t). Du<span class=\"_ _5\"></span>e to the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e err<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>c and time-<span class=\"_ _5\"></span>indep<span class=\"_ _5\"></span>endent pa<span class=\"_ _5\"></span>tter<span class=\"_ _5\"></span>ns, the main<span class=\"_ _5\"></span>tenance and repair cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r upkee<span class=\"_ _5\"></span>p of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e vessel a<span class=\"_ _3\"></span>re pr<span class=\"_ _3\"></span>edomin<span class=\"_ _8\"></span>antly expensed.Dr<span class=\"_ _5\"></span>y-docking cost<span class=\"_ _5\"></span>s of main<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>duction equipment (<span class=\"_ _8\"></span>major rep<span class=\"_ _5\"></span>air co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts) are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wh<span class=\"_ _5\"></span>en incu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d depr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>he pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d un<span class=\"_ _5\"></span>til the next dr<span class=\"_ _5\"></span>y-docking.Depreciation is c<span class=\"_ _3\"></span>harged to<span class=\"_ _3\"></span> the income<span class=\"_ _3\"></span> statement on a st<span class=\"_ _5\"></span>rai<span class=\"_ _5\"></span>ght li<span class=\"_ _5\"></span>ne ba<span class=\"_ _5\"></span>sis ov<span class=\"_ _5\"></span>er the u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>l live<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g into a<span class=\"_ _5\"></span>ccoun<span class=\"_ _5\"></span>t an es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sidua<span class=\"_ _5\"></span>l valu<span class=\"_ _5\"></span>e. L<span class=\"_ _5\"></span>and i<span class=\"_ _5\"></span>s not d<span class=\"_ _5\"></span>epr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d as it is de<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>d to have a<span class=\"_ _5\"></span>n inf<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te li<span class=\"_ _5\"></span>fe, e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t for l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ills us<span class=\"_ _5\"></span>ed for sand production that are<span class=\"_ _8\"></span> depreciated according t<span class=\"_ _3\"></span>o the tonn<span class=\"_ _5\"></span>es e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d. Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e depr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d over 25 yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. The depreciation<span class=\"_ _3\"></span> periods of the floating and other<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion m<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>ials r<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 3 yea<span class=\"_ _5\"></span>rs (s<span class=\"_ _5\"></span>uch as f<span class=\"_ _5\"></span>or pip<span class=\"_ _5\"></span>elin<span class=\"_ _5\"></span>es) to 21 years<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>inc<span class=\"_ _5\"></span>ipal c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt of t<span class=\"_ _5\"></span>rail<span class=\"_ _5\"></span>ing suction hopper dredgers and cutter suction dredgers is<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r new ho<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>er dre<span class=\"_ _5\"></span>dger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cu<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>er suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cab<span class=\"_ _5\"></span>le lay ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and DP3 of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e cr<span class=\"_ _5\"></span>ane ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s in pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>ince 201<span class=\"_ _8\"></span>9, t<span class=\"_ _5\"></span>he pri<span class=\"_ _5\"></span>ncip<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>nen<span class=\"_ _5\"></span>t is dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciate<span class=\"_ _5\"></span>d ove<span class=\"_ _5\"></span>r a per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of 20 year<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d a se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent is a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er a pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od of 10 years<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or maj<span class=\"_ _5\"></span>or jac<span class=\"_ _5\"></span>k-up ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls thi<span class=\"_ _5\"></span>s dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on rule was alre<span class=\"_ _3\"></span>ady applicable. The<span class=\"_ _3\"></span> principal com<span class=\"_ _3\"></span>ponent mainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e hull an<span class=\"_ _5\"></span>d mach<span class=\"_ _5\"></span>iner<span class=\"_ _4\"></span>y and t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>nd comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of a v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sel f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he lif<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>an is s<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>ter t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nomi<span class=\"_ _5\"></span>c lif<span class=\"_ _5\"></span>e c<span class=\"_ _5\"></span>ycle o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l. Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>ture an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>epre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 3 an<span class=\"_ _5\"></span>d 1<span class=\"_ _3\"></span>0 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.For al<span class=\"_ _5\"></span>l equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt wi<span class=\"_ _5\"></span>th a r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>, this a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t has be<span class=\"_ _5\"></span>en es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d as 1<span class=\"_ _3\"></span>% of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t valu<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 201<span class=\"_ _8\"></span>9 onwa<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E wil<span class=\"_ _5\"></span>l app<span class=\"_ _5\"></span>ly thi<span class=\"_ _5\"></span>s 1<span class=\"_ _8\"></span>% r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue f<span class=\"_ _5\"></span>or ol<span class=\"_ _5\"></span>der ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls as a<span class=\"_ _5\"></span>n ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ra ye<span class=\"_ _5\"></span>ar of de<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n beyo<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. Me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ds fo<span class=\"_ _5\"></span>r dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, use<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e and r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>re rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of ea<span class=\"_ _5\"></span>ch f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar and a<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ded if nec<span class=\"_ _3\"></span>essar<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>.Proper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> under construction are incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lmen<span class=\"_ _5\"></span>ts p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d and th<span class=\"_ _5\"></span>e capitalised interests during the construction period.Gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>als ar<span class=\"_ _5\"></span>e det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al p<span class=\"_ _5\"></span>roc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ds wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing amount and<span class=\"_ _8\"></span> are recognised within other operating i<span class=\"_ _3\"></span>ncome or other operating<span class=\"_ _3\"></span> expense<span class=\"_ _5\"></span>s.THE GROU<span class=\"_ _5\"></span>P AS L<span class=\"_ _5\"></span>ESSEE, R<span class=\"_ _5\"></span>IGHT<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>OF-<span class=\"_ _5\"></span>USE AS<span class=\"_ _5\"></span>SETS AND LEA<span class=\"_ _5\"></span>SE LIABILITIE<span class=\"_ _5\"></span>SThe Grou<span class=\"_ _3\"></span>p as<span class=\"_ _3\"></span> lesseeThe Group assesses at contract inception whether a<span class=\"_ _8\"></span> contract is, or contains, a le<span class=\"_ _3\"></span>ase. That is, if the<span class=\"_ _3\"></span> contract conve<span class=\"_ _5\"></span>ys th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>ght to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>e of an i<span class=\"_ _5\"></span>dent<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et for a period of ti<span class=\"_ _3\"></span>me in ex<span class=\"_ _8\"></span>change for consideration.The Group appl<span class=\"_ _3\"></span>ies a sing<span class=\"_ _3\"></span>le recognition a<span class=\"_ _3\"></span>nd measurement<span class=\"_ _3\"></span> app<span class=\"_ _5\"></span>roa<span class=\"_ _5\"></span>ch fo<span class=\"_ _5\"></span>r all le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt f<span class=\"_ _5\"></span>or sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>es (<span class=\"_ _5\"></span>les<span class=\"_ _5\"></span>s than o<span class=\"_ _5\"></span>ne yea<span class=\"_ _5\"></span>r) and le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f low<span class=\"_ _5\"></span>-va<span class=\"_ _5\"></span>lue as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _8\"></span>-use assets and lease<span class=\"_ _8\"></span> liabilities A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to us<span class=\"_ _5\"></span>e the un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>ing leased asset<span class=\"_ _5\"></span>, are capitalised as<span class=\"_ _3\"></span> right<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>of-use assets atcost<span class=\"_ _5\"></span>, comprising<span class=\"_ _8\"></span> the amount of the<span class=\"_ _3\"></span> initial measu<span class=\"_ _3\"></span>rement of lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, any leas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts m<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>t or be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e comm<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t date l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s any le<span class=\"_ _5\"></span>ase i<span class=\"_ _5\"></span>ncen<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d, any ini<span class=\"_ _5\"></span>tial d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ct c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he corresponding lease lia<span class=\"_ _3\"></span>bilities, representing the net<span class=\"_ _3\"></span> pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to be m<span class=\"_ _5\"></span>ade ov<span class=\"_ _5\"></span>er the lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>, are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm or c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies d<span class=\"_ _5\"></span>epe<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g on th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e due. The l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are di<span class=\"_ _5\"></span>sco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e les<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>\u2019s incremental borrowing rat<span class=\"_ _3\"></span>e. The lease payments incl<span class=\"_ _3\"></span>ude fi<span class=\"_ _5\"></span>xed p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding in<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed p<span class=\"_ _5\"></span>ayme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s) less any<span class=\"_ _3\"></span> lease incentiv<span class=\"_ _3\"></span>es receivable, va<span class=\"_ _3\"></span>riable leasepay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>hat d<span class=\"_ _5\"></span>epe<span class=\"_ _5\"></span>nd on an i<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>x or a r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, and am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e p<span class=\"_ _5\"></span>aid un<span class=\"_ _5\"></span>der re<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>dual va<span class=\"_ _5\"></span>lue gu<span class=\"_ _5\"></span>aran<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The leas<span class=\"_ _5\"></span>e liabilitie<span class=\"_ _5\"></span>s are included in inter<span class=\"_ _5\"></span>est<span class=\"_ _3\"></span>-bea<span class=\"_ _5\"></span>ring debt<span class=\"_ _5\"></span>. Lea<span class=\"_ _5\"></span>se in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t is cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt as an inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e. L<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d, us<span class=\"_ _5\"></span>ing straight line de<span class=\"_ _3\"></span>preciation ove<span class=\"_ _3\"></span>r the shorter of the<span class=\"_ _3\"></span> lease ter<span class=\"_ _5\"></span>m and th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, incl<span class=\"_ _5\"></span>udin<span class=\"_ _5\"></span>g the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod o<span class=\"_ _5\"></span>f ren<span class=\"_ _5\"></span>ewa<span class=\"_ _5\"></span>ble o<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e it i<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>y cer<span class=\"_ _4\"></span>tain t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he op<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wil<span class=\"_ _5\"></span>l be e<span class=\"_ _5\"></span>xercis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d. When there<span class=\"_ _3\"></span> is reasonable ce<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>tainty that ownership<span class=\"_ _3\"></span> will be ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e ter<span class=\"_ _5\"></span>m, t<span class=\"_ _5\"></span>he depreciation policy for the<span class=\"_ _8\"></span> leas<span class=\"_ _5\"></span>ed asset is consistent<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>th tha<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r depr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d. How<span class=\"_ _5\"></span>ever, when th<span class=\"_ _5\"></span>ere is n<span class=\"_ _5\"></span>o rea<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e cer<span class=\"_ _4\"></span>tain<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y that own<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ship w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>, the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>s depr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se ter<span class=\"_ _5\"></span>m and i<span class=\"_ _5\"></span>ts e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t.INVENTORIESInven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>t the l<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r of co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t realisable va<span class=\"_ _3\"></span>lue.The w<span class=\"_ _5\"></span>eigh<span class=\"_ _5\"></span>ted ave<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge co<span class=\"_ _5\"></span>st m<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>od i<span class=\"_ _5\"></span>s use<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>alcu<span class=\"_ _5\"></span>late the co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r raw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>as th<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t of consumables i<span class=\"_ _3\"></span>s determined us<span class=\"_ _3\"></span>ing the F<span class=\"_ _3\"></span>IFO method.Ne<span class=\"_ _5\"></span>t real<span class=\"_ _5\"></span>isa<span class=\"_ _5\"></span>ble v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>ell<span class=\"_ _5\"></span>ing pr<span class=\"_ _5\"></span>ice i<span class=\"_ _5\"></span>n the ordi<span class=\"_ _5\"></span>nar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o make the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e.When in<span class=\"_ _3\"></span>ventories are sold, the<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ying amount<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f those inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies s<span class=\"_ _5\"></span>hall b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>n ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od in whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>ted r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of any wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>e dow<span class=\"_ _5\"></span>n of inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s to ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d all lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s of inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s shal<span class=\"_ _5\"></span>l be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e in the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d the w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>te do<span class=\"_ _5\"></span>wn or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s oc<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>s.The a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of any r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al of a<span class=\"_ _5\"></span>ny wr<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>own o<span class=\"_ _5\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, ar<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ng fr<span class=\"_ _5\"></span>om an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ne<span class=\"_ _5\"></span>t real<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>able valu<span class=\"_ _5\"></span>e, sh<span class=\"_ _5\"></span>all be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion in t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ies r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as an e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>ccur<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.CONTR<span class=\"_ _5\"></span>ACT AS<span class=\"_ _5\"></span>SETS A<span class=\"_ _5\"></span>ND CONTR<span class=\"_ _5\"></span>ACT LIABILITIESContract assets<span class=\"ff61 ls3 ws3\"> concer<span class=\"_ _5\"></span>n the gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>unt ye<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e </span>char<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to be r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s for contractual work performed up to the<span class=\"_ _8\"></span> rep<span class=\"_ _5\"></span>orting date (her<span class=\"_ _5\"></span>eina<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>: \u201c<span class=\"_ _5\"></span>wo<span class=\"_ _5\"></span>rk in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u201d) an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>end<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d.Work in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s is v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he sum o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t pr<span class=\"_ _5\"></span>ice o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>ork p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d, pl<span class=\"_ _5\"></span>us a pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s upon completion of<span class=\"_ _3\"></span> the project in proportion to the pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss m<span class=\"_ _5\"></span>ade an<span class=\"_ _5\"></span>d le<span class=\"_ _5\"></span>ss p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss bi<span class=\"_ _5\"></span>lling<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd le<span class=\"_ _5\"></span>ss p<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>enti<span class=\"_ _5\"></span>al provisions for losses. <span class=\"ff6a ls1d ws27\">Provisions</span><span class=\"ls85 ws3\"> are reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d <span class=\"ff6a ls3\">for </span></span>expected losses<span class=\"ff61 ls85 ws3\"> on work i<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss a<span class=\"_ _5\"></span>s so<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e </span>anti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d and i<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>, any pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>lrea<span class=\"_ _5\"></span>dy rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d are r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g as th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>s not<span class=\"_ _5\"></span> st<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>umpt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s re e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k are<span class=\"_ _5\"></span> not f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>al ye<span class=\"_ _5\"></span>t (hen<span class=\"_ _5\"></span>ce a lo<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on is dif<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>icul<span class=\"_ _5\"></span>t to me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>e reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y), no lo<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion is a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d for, unles<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>re is a ce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in even<span class=\"_ _5\"></span>t suppor<span class=\"_ _5\"></span>ting the<span class=\"_ _3\"></span> provision. A loss to c<span class=\"_ _3\"></span>ompletion provision i<span class=\"_ _3\"></span>s accounted<span class=\"_ _3\"></span> for <span class=\"ff6a lsf ws3e\">as a c<span class=\"_ _3\"></span>ontrac<span class=\"_ _5\"></span>t liability<span class=\"ff61 ls3 ws13\">.<span class=\"_ _3\"></span> Revenues for </span></span>addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal w<span class=\"_ _5\"></span>ork a<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>aims ar<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e over<span class=\"_ _5\"></span>all contract revenues if the<span class=\"_ _8\"></span> client has formally ac<span class=\"_ _3\"></span>cepted the sum invo<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>ed. T<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t pri<span class=\"_ _5\"></span>ce inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cons<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of p<span class=\"_ _5\"></span>ayro<span class=\"_ _5\"></span>ll co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mat<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>als<span class=\"_ _5\"></span>, cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of<span class=\"_ _5\"></span> subcontr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ted work<span class=\"_ _5\"></span>, rental char<span class=\"_ _5\"></span>ges and maintenance cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l ra<span class=\"_ _5\"></span>tes us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d are b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d aver<span class=\"_ _5\"></span>age ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span> occu<span class=\"_ _5\"></span>pat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n the l<span class=\"_ _5\"></span>ong r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>. The p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gres<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f a proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t is<span class=\"_ _5\"></span> mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d as t<span class=\"_ _5\"></span>he ra<span class=\"_ _5\"></span>tio o<span class=\"_ _5\"></span>f the b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d in re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on to t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>tal e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ce of the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t as a w<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>e. Pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed unl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s a reli<span class=\"_ _5\"></span>able e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t can b<span class=\"_ _5\"></span>e mad<span class=\"_ _5\"></span>e. DEME c<span class=\"_ _5\"></span>onsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at no s<span class=\"_ _5\"></span>uch re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e made as long<span class=\"_ _8\"></span> as the percentage of completion<span class=\"_ _3\"></span> remains bel<span class=\"_ _5\"></span>ow 10% of th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t pr<span class=\"_ _5\"></span>ice o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t or if t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd fa<span class=\"_ _5\"></span>rm foundation projects has not yet<span class=\"_ _3\"></span> been mobilised. The bal<span class=\"_ _5\"></span>ance o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k in p<span class=\"_ _5\"></span>rog<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>eter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed p<span class=\"_ _5\"></span>er project<span class=\"_ _5\"></span>. For proj<span class=\"_ _3\"></span>ect<span class=\"_ _5\"></span>s where the progress bil<span class=\"_ _3\"></span>lings a<span class=\"_ _3\"></span>nd adv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of wo<span class=\"_ _5\"></span>rk in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, the b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der <span class=\"ff6a lsf ws3e\">contr<span class=\"_ _5\"></span>act liabilities</span><span class=\"ls7c ws16\"> ins<span class=\"_ _5\"></span>tead </span>of un<span class=\"_ _5\"></span>der co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. <span class=\"ff6a ls37 ws83\">Advances</span><span class=\"ls3 ws13\"> are amounts receive<span class=\"_ _5\"></span>d </span>by the Grou<span class=\"_ _3\"></span>p (<span class=\"_ _3\"></span>no significant financing<span class=\"_ _8\"></span> component) before the related<span class=\"_ _3\"></span> work is performed<span class=\"_ _5\"></span>. The Group<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sents those separately from other contract lia<span class=\"_ _3\"></span>bilities.TR<span class=\"_ _5\"></span>ADE A<span class=\"_ _5\"></span>ND OTHER RECEIV<span class=\"_ _2\"></span>ABLE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>her r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s are s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d init<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tly a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ssaccum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f IFR<span class=\"_ _5\"></span>S 9 and t<span class=\"_ _5\"></span>he app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cre<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del<span class=\"_ _5\"></span>, ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is m<span class=\"_ _5\"></span>ade t<span class=\"_ _5\"></span>o not<span class=\"_ _5\"></span>e (<span class=\"_ _8\"></span>19<span class=\"_ _3\"></span>) of th<span class=\"_ _5\"></span>is rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t wh<span class=\"_ _5\"></span>ere we elab<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t and c<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed cos<span class=\"_ _5\"></span>t is determine<span class=\"_ _5\"></span>d using the ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tive intere<span class=\"_ _5\"></span>st ra<span class=\"_ _5\"></span>te.AS<span class=\"_ _5\"></span>SETS HELD FO<span class=\"_ _5\"></span>R SALE AN<span class=\"_ _5\"></span>D DISCONTINUED<span class=\"_ _3\"></span> OPERA<span class=\"_ _2\"></span>TIONSThe Group cl<span class=\"_ _3\"></span>assif<span class=\"_ _5\"></span>ies non-current asset<span class=\"_ _5\"></span>s and d<span class=\"_ _3\"></span>isposal grou<span class=\"_ _5\"></span>ps as <span class=\"ff6a\">h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e </span>if th<span class=\"_ _5\"></span>eir c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yin<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>ll be rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed pr<span class=\"_ _5\"></span>inc<span class=\"_ _5\"></span>ipal<span class=\"_ _5\"></span>ly th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh a sa<span class=\"_ _5\"></span>le tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion r<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>er than t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh con<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>uing us<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le are m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d at the l<span class=\"_ _5\"></span>ower o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t and f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s to se<span class=\"_ _5\"></span>ll. C<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to se<span class=\"_ _5\"></span>ll are t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts d<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ly at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l of an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et (disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup), exclu<span class=\"_ _5\"></span>ding f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nance c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e.The c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>teri<span class=\"_ _5\"></span>a for h<span class=\"_ _5\"></span>eld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale c<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tion i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>gard<span class=\"_ _5\"></span>ed as met o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>ale i<span class=\"_ _5\"></span>s high<span class=\"_ _5\"></span>ly pr<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e, and t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et or disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al gr<span class=\"_ _5\"></span>oup is a<span class=\"_ _5\"></span>vaila<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or imm<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>ale in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s present condition. Actions required<span class=\"_ _3\"></span> to complete<span class=\"_ _3\"></span> the sale sho<span class=\"_ _5\"></span>uld in<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ate th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s unlikel<span class=\"_ _5\"></span>y tha<span class=\"_ _5\"></span>t sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es to the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e wil<span class=\"_ _5\"></span>l be ma<span class=\"_ _5\"></span>de or t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>cisi<span class=\"_ _5\"></span>on to s<span class=\"_ _5\"></span>ell w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>thdr<span class=\"_ _5\"></span>awn<span class=\"_ _5\"></span>. Man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t mus<span class=\"_ _5\"></span>t be co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>an to se<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t and th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ale e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to be c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ed within one y<span class=\"_ _3\"></span>ear from the<span class=\"_ _3\"></span> date of<span class=\"_ _3\"></span> the classification.Proper<span class=\"_ _5\"></span>ty,<span class=\"_ _3\"></span> plant and<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quipment<span class=\"_ _3\"></span> and intangi<span class=\"_ _3\"></span>ble asset<span class=\"_ _5\"></span>s are not depreciated or<span class=\"_ _3\"></span> amortis<span class=\"_ _5\"></span>ed once cl<span class=\"_ _3\"></span>assifie<span class=\"_ _5\"></span>d as held<span class=\"_ _3\"></span> for sale.A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ied a<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d for s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e are pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>atel<span class=\"_ _5\"></span>y as cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt i<span class=\"_ _5\"></span>tems in t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f financial p<span class=\"_ _5\"></span>ositio<span class=\"_ _5\"></span>n.Discontinued operations <span class=\"ff61 ls3 ws3\">are exc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f </span>continuing<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations and a<span class=\"_ _3\"></span>re presented as a<span class=\"_ _8\"></span> single amount as<span class=\"_ _3\"></span> profit or loss af<span class=\"_ _5\"></span>ter tax from discontin<span class=\"_ _3\"></span>ued operations in the<span class=\"_ _3\"></span> statement of income.<span class=\"_ _3\"></span> All notes to<span class=\"_ _8\"></span> the financial statements include<span class=\"_ _3\"></span> amounts for contin<span class=\"_ _3\"></span>uing operations, unless indicated otherwise.CA<span class=\"_ _5\"></span>SH A<span class=\"_ _5\"></span>ND CA<span class=\"_ _5\"></span>SH EQUIV<span class=\"_ _8\"></span>ALENT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>nsis<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f cas<span class=\"_ _5\"></span>h in han<span class=\"_ _5\"></span>d and o<span class=\"_ _5\"></span>n ban<span class=\"_ _5\"></span>k acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-te<span class=\"_ _5\"></span>rm inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th an in<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>al ter<span class=\"_ _5\"></span>m of le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>ree m<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>hs<span class=\"_ _5\"></span>. Ca<span class=\"_ _5\"></span>sh, c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s and sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et at nomina<span class=\"_ _3\"></span>l value.IMP<span class=\"_ _8\"></span>AIRMENT T<span class=\"_ _2\"></span>ANGIBL<span class=\"_ _5\"></span>E AND INT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>NGIBLE ASSET<span class=\"_ _5\"></span>S INCL<span class=\"_ _3\"></span>UDING GOODWILLAt the end o<span class=\"_ _5\"></span>f eac<span class=\"_ _5\"></span>h rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up rev<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>ws th<span class=\"_ _5\"></span>e carr<span class=\"_ _5\"></span>ying amounts of its propert<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, plant<span class=\"_ _3\"></span> and equipme<span class=\"_ _3\"></span>nt and right<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>of-use assets and intangible<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s to determi<span class=\"_ _3\"></span>ne whether there is<span class=\"_ _3\"></span> any i<span class=\"_ _3\"></span>ndication of i<span class=\"_ _3\"></span>mpairment. If such indi<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>ion e<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r whe<span class=\"_ _5\"></span>n it i<span class=\"_ _5\"></span>s req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019s recoverable amo<span class=\"_ _3\"></span>unt is estimated. For<span class=\"_ _8\"></span> intangible asset<span class=\"_ _5\"></span>s that a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t yet av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>e, an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r goo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span> rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>timat<span class=\"_ _5\"></span>ed at e<span class=\"_ _5\"></span>ach b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>eet<span class=\"_ _5\"></span> date<span class=\"_ _5\"></span>. An imp<span class=\"_ _5\"></span>air<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>eneve<span class=\"_ _5\"></span>r the<span class=\"_ _5\"></span> carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of an asset or its cash-generating unit exce<span class=\"_ _5\"></span>eds i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cover<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>. Reco<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>able a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt is th<span class=\"_ _5\"></span>e high<span class=\"_ _5\"></span>er of f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d val<span class=\"_ _5\"></span>ue in us<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span> as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ing va<span class=\"_ _5\"></span>lue in u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, the e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e discounted to<span class=\"_ _8\"></span> their present value using<span class=\"_ _8\"></span> a pre-ta<span class=\"_ _5\"></span>x discount rat<span class=\"_ _5\"></span>e that r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>rent m<span class=\"_ _5\"></span>arke<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span> valu<span class=\"_ _5\"></span>e of m<span class=\"_ _5\"></span>oney a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic to th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r whic<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>tes o<span class=\"_ _5\"></span>f fu<span class=\"_ _5\"></span>ture c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows h<span class=\"_ _5\"></span>ave no<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>en adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>.If the recove<span class=\"_ _3\"></span>rable amount<span class=\"_ _3\"></span> of an asset (<span class=\"_ _8\"></span>or cash-<span class=\"_ _5\"></span>generating unit<span class=\"_ _5\"></span>) is es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to be l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>he carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of the asset (<span class=\"_ _8\"></span>or cash-<span class=\"_ _5\"></span>generating unit)<span class=\"_ _8\"></span> is red<span class=\"_ _5\"></span>uce<span class=\"_ _5\"></span>d to it<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cov<span class=\"_ _5\"></span>erab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>airm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is recognised immediat<span class=\"_ _3\"></span>ely in the<span class=\"_ _8\"></span> income statement.When there i<span class=\"_ _3\"></span>s an i<span class=\"_ _3\"></span>ndication that<span class=\"_ _3\"></span> prior recognition impairment losses no longer<span class=\"_ _3\"></span> exist<span class=\"_ _5\"></span>, the carrying amount of the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et (or a c<span class=\"_ _5\"></span>ash<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>gene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting un<span class=\"_ _5\"></span>it) is i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he rev<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ecov<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t, b<span class=\"_ _5\"></span>ut in s<span class=\"_ _5\"></span>uch a way th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amo<span class=\"_ _5\"></span>unt d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng amo<span class=\"_ _5\"></span>unt t<span class=\"_ _5\"></span>hat wo<span class=\"_ _5\"></span>uld hav<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>en de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>mine<span class=\"_ _5\"></span>d had n<span class=\"_ _5\"></span>o impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t (or cas<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng uni<span class=\"_ _5\"></span>t) in pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f an impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed im<span class=\"_ _5\"></span>med<span class=\"_ _5\"></span>iatel<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>airm<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ill is ne<span class=\"_ _5\"></span>ver reve<span class=\"_ _3\"></span>rsed.PROVISIONSProv<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alanc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he Group has a<span class=\"_ _8\"></span> pres<span class=\"_ _5\"></span>ent obligation<span class=\"_ _3\"></span> (legal or<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tive)<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom a p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t eve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>en it i<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le (mor<span class=\"_ _5\"></span>e likely t<span class=\"_ _5\"></span>han n<span class=\"_ _5\"></span>ot) th<span class=\"_ _5\"></span>at an ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>low o<span class=\"_ _5\"></span>f res<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rces e<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>dy<span class=\"_ _5\"></span>ing economic benefit<span class=\"_ _5\"></span>s will<span class=\"_ _3\"></span> be required t<span class=\"_ _3\"></span>o settle the obligation, and a rel<span class=\"_ _3\"></span>iable estimate<span class=\"_ _3\"></span> of the amou<span class=\"_ _3\"></span>nt of the<span class=\"_ _3\"></span> obligation can b<span class=\"_ _5\"></span>e mad<span class=\"_ _5\"></span>e.The a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d as a p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n is th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t es<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of the conside<span class=\"_ _3\"></span>ration required t<span class=\"_ _3\"></span>o settle the present obligation at<span class=\"_ _8\"></span> the end of the reporting period, taking into account<span class=\"_ _3\"></span> the risks and uncertainties surrounding<span class=\"_ _8\"></span> the obligation. When<span class=\"_ _3\"></span> a provision i<span class=\"_ _3\"></span>s measured usi<span class=\"_ _3\"></span>ng the cash<span class=\"_ _3\"></span> flows es<span class=\"_ _5\"></span>timated to<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ettle the present obligation, its car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount i<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sen<span class=\"_ _5\"></span>t val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws (when t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e tim<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of m<span class=\"_ _5\"></span>oney i<span class=\"_ _5\"></span>s mate<span class=\"_ _5\"></span>rial<span class=\"_ _5\"></span>).The un<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>f dis<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t on pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a financial e<span class=\"_ _5\"></span>xpens<span class=\"_ _5\"></span>e.Warranty<span class=\"_ _3\"></span> provisionsProvisions for warranties a<span class=\"_ _3\"></span>re recognised based on the<span class=\"_ _3\"></span> be<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h out<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows o<span class=\"_ _5\"></span>r cos<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>air to s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuall<span class=\"_ _5\"></span>y agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d war<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s dur<span class=\"_ _5\"></span>ing the defect notif<span class=\"_ _5\"></span>ication period for completed<span class=\"_ _3\"></span> project<span class=\"_ _5\"></span>s. The carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> of these provisions is<span class=\"_ _3\"></span> estimated based on common ind<span class=\"_ _3\"></span>ustr<span class=\"_ _5\"></span>y practice and the Group\u2019<span class=\"_ _8\"></span>s exp<span class=\"_ _5\"></span>erience wi<span class=\"_ _5\"></span>th wa<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>y clai<span class=\"_ _5\"></span>ms fo<span class=\"_ _5\"></span>r rel<span class=\"_ _5\"></span>evan<span class=\"_ _5\"></span>t pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In<span class=\"_ _5\"></span>itia<span class=\"_ _5\"></span>l recognition of these assurance-type warranties is based on his<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cal e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ienc<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate o<span class=\"_ _5\"></span>f war<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>y-related cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is revised annually.Restructuring provisionsRes<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d (bu<span class=\"_ _5\"></span>t do curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly n<span class=\"_ _5\"></span>ot ap<span class=\"_ _5\"></span>ply) w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup h<span class=\"_ _5\"></span>as a con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e obligation, mean<span class=\"_ _3\"></span>ing when the<span class=\"_ _3\"></span>re is a<span class=\"_ _3\"></span> detailed formal pla<span class=\"_ _3\"></span>n that i<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>tif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>t of t<span class=\"_ _5\"></span>he bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss conc<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, the l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d numb<span class=\"_ _5\"></span>er of e<span class=\"_ _5\"></span>mplo<span class=\"_ _5\"></span>yee<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>tail<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he tim<span class=\"_ _5\"></span>elin<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup mus<span class=\"_ _5\"></span>t al<span class=\"_ _5\"></span>so n<span class=\"_ _5\"></span>oti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>y al<span class=\"_ _5\"></span>l the empl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>es af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t thi<span class=\"_ _5\"></span>s plan<span class=\"_ _5\"></span>\u2019s main fe<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Other provisionsOther provisions, more specifically in the E<span class=\"_ _8\"></span>nvironmental segment, relate to<span class=\"_ _3\"></span> the legal<span class=\"_ _3\"></span> provision for the<span class=\"_ _3\"></span> capping of the la<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ll wh<span class=\"_ _5\"></span>en the d<span class=\"_ _5\"></span>umpin<span class=\"_ _5\"></span>g are<span class=\"_ _5\"></span>as ar<span class=\"_ _5\"></span>e full o<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e provision for end<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f contract reinstatement of a<span class=\"_ _8\"></span> si<span class=\"_ _5\"></span>te. Ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d in not<span class=\"_ _5\"></span>e (23<span class=\"_ _8\"></span>), c<span class=\"_ _5\"></span>an al<span class=\"_ _5\"></span>so be provisions for a<span class=\"_ _8\"></span> legal proceeding.EMPLOYEE B<span class=\"_ _5\"></span>ENEFI<span class=\"_ _5\"></span>T OB<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>ONSDefined contributio<span class=\"_ _3\"></span>n plans<span class=\"_ _8\"></span> without interest gu<span class=\"_ _3\"></span>arantee<span class=\"_ _3\"></span> by th<span class=\"_ _5\"></span>e em<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>oyer Contributions to d<span class=\"_ _3\"></span>efined contribution plans are<span class=\"_ _8\"></span> rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d as an e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>hen incu<span class=\"_ _8\"></span>rred.Be<span class=\"_ _5\"></span>lg<span class=\"_ _5\"></span>ian d<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t guarantee by<span class=\"_ _8\"></span> the employerBy la<span class=\"_ _5\"></span>w, def<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pen<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n plan<span class=\"_ _5\"></span>s in Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m are subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to mi<span class=\"_ _5\"></span>nimum gu<span class=\"_ _5\"></span>aran<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>d ra<span class=\"_ _5\"></span>tes o<span class=\"_ _5\"></span>f re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>. Consequently<span class=\"_ _8\"></span>, thes<span class=\"_ _5\"></span>e \u2018<span class=\"_ _3\"></span>defined contribution\u2019 plans classify as \u2018de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it<span class=\"_ _4\"></span>\u2019 plan<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Defined benefit<span class=\"_ _3\"></span> plansFor d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t plan<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of providing benefits is determined using<span class=\"_ _8\"></span> the projec<span class=\"_ _5\"></span>ted unit<span class=\"_ _3\"></span> credit method, with actuarial va<span class=\"_ _3\"></span>luations being<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>arried out at th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f eac<span class=\"_ _5\"></span>h annual r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>. Remeasurement, com<span class=\"_ _3\"></span>prising actuarial<span class=\"_ _3\"></span> gains<span class=\"_ _3\"></span> and losses<span class=\"_ _5\"></span>, the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he cha<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ceili<span class=\"_ _5\"></span>ng (i<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble) an<span class=\"_ _5\"></span>d the r<span class=\"_ _5\"></span>etur<span class=\"_ _5\"></span>n on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (excludi<span class=\"_ _5\"></span>ng ne<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t), i<span class=\"_ _5\"></span>s ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely i<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th a cha<span class=\"_ _5\"></span>rge o<span class=\"_ _5\"></span>r cre<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in oth<span class=\"_ _5\"></span>er com<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>sive i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d in wh<span class=\"_ _5\"></span>ich th<span class=\"_ _5\"></span>ey occur<span class=\"_ _2\"></span>. Remeasurement recogni<span class=\"_ _3\"></span>sed in other comp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ensi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>come i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>fl<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>arat<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>ve in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and w<span class=\"_ _5\"></span>ill n<span class=\"_ _5\"></span>ot b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed to p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Pas<span class=\"_ _5\"></span>t ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss in t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>f a plan a<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>dmen<span class=\"_ _5\"></span>t. N<span class=\"_ _5\"></span>et in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t is ca<span class=\"_ _5\"></span>lcul<span class=\"_ _5\"></span>ated b<span class=\"_ _5\"></span>y app<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>ing the di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ount r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t the b<span class=\"_ _5\"></span>egi<span class=\"_ _5\"></span>nning o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e net def<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y or as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are categorised as follows: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t (in<span class=\"_ _5\"></span>cludi<span class=\"_ _5\"></span>ng cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce </span></span>cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as ga<span class=\"_ _5\"></span>ins an<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ailme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s and set<span class=\"_ _5\"></span>tlement<span class=\"_ _5\"></span>s); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">net interest exp<span class=\"_ _5\"></span>ense or inc<span class=\"_ _3\"></span>ome;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">remeasurement.</span></span>The Group presents the first two components of defined ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Cur<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>lmen<span class=\"_ _5\"></span>t gains a<span class=\"_ _5\"></span>nd los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r as pa<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The retirement<span class=\"_ _3\"></span> benefi<span class=\"_ _5\"></span>t obligation<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>cognised in the<span class=\"_ _8\"></span> consolidated statement of<span class=\"_ _3\"></span> financial position represents the a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>t or sur<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>us in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s def<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>nef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t plan<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any su<span class=\"_ _5\"></span>rpl<span class=\"_ _5\"></span>us re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ting f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m this c<span class=\"_ _5\"></span>alc<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s limi<span class=\"_ _5\"></span>ted to the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt val<span class=\"_ _5\"></span>ue of a<span class=\"_ _5\"></span>ny eco<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>ic be<span class=\"_ _5\"></span>nef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s avail<span class=\"_ _5\"></span>able i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of re<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>nds f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>ans or r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e contributions to the pla<span class=\"_ _3\"></span>ns.INTERES<span class=\"_ _5\"></span>T<span class=\"_ _2\"></span>-BE<span class=\"_ _5\"></span>ARI<span class=\"_ _5\"></span>NG LOANS AND BORROWINGSInte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ings a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed init<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at f<span class=\"_ _5\"></span>air va<span class=\"_ _5\"></span>lue ad<span class=\"_ _5\"></span>jus<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble transaction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. Subsequent to<span class=\"_ _8\"></span> initial recognition, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ings ar<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>ed at amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th any d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>cee<span class=\"_ _5\"></span>ds (adjus<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>rans<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s) and re<span class=\"_ _5\"></span>demp<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on val<span class=\"_ _5\"></span>ue bei<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent ov<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an or b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ings o<span class=\"_ _5\"></span>n an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate basis<span class=\"_ _5\"></span>.The e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod i<span class=\"_ _5\"></span>s a met<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d of c<span class=\"_ _5\"></span>alcul<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g the am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and o<span class=\"_ _5\"></span>f all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e ove<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>elev<span class=\"_ _5\"></span>ant p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive interest rate is<span class=\"_ _3\"></span> the rate th<span class=\"_ _3\"></span>at exactly discounts estimated fu<span class=\"_ _5\"></span>ture c<span class=\"_ _5\"></span>ash p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding al<span class=\"_ _5\"></span>l fee<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d poi<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d or rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed tha<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>rm an in<span class=\"_ _5\"></span>teg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve interest rate, transaction costs and other premium<span class=\"_ _3\"></span>sor dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s) thro<span class=\"_ _5\"></span>ugh th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted li<span class=\"_ _5\"></span>fe o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liability<span class=\"_ _8\"></span>, or (where<span class=\"_ _3\"></span> appropriate<span class=\"_ _8\"></span>) a shor<span class=\"_ _5\"></span>ter period, to the<span class=\"_ _8\"></span> amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y.TR<span class=\"_ _5\"></span>ADE A<span class=\"_ _5\"></span>ND OTHER P<span class=\"_ _8\"></span>A<span class=\"_ _6\"></span>Y<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>BLEST<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.INCOME T<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>XE<span class=\"_ _5\"></span>SInco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axes a<span class=\"_ _5\"></span>re cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as ei<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t or de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>. Inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>ax i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt excep<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>t rela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o item<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tly i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty, in whi<span class=\"_ _5\"></span>ch cas<span class=\"_ _5\"></span>e i<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in O<span class=\"_ _5\"></span>CI or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty.Current i<span class=\"_ _3\"></span>ncome tax assets and liabilities<span class=\"_ _3\"></span> are measured<span class=\"_ _3\"></span> at the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>red f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m or pa<span class=\"_ _5\"></span>id to t<span class=\"_ _5\"></span>he ta<span class=\"_ _5\"></span>xat<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>uth<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ra<span class=\"_ _5\"></span>tes an<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x law<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed to comp<span class=\"_ _5\"></span>ute t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>ount a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t are en<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>r substantively enacted at the reporting date i<span class=\"_ _3\"></span>n the countries where the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup operates and<span class=\"_ _8\"></span> generates taxable income.Curr<span class=\"_ _5\"></span>ent in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>harg<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on the ac<span class=\"_ _3\"></span>counting profit for the<span class=\"_ _3\"></span> current yea<span class=\"_ _3\"></span>r and adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o ta<span class=\"_ _5\"></span>x char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s of pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Curr<span class=\"_ _5\"></span>ent in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e tax asset<span class=\"_ _5\"></span>s and lia<span class=\"_ _3\"></span>bilities are<span class=\"_ _3\"></span> measured at the<span class=\"_ _8\"></span> amount ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted to b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cove<span class=\"_ _5\"></span>red f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m or pa<span class=\"_ _5\"></span>id to th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n aut<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he ta<span class=\"_ _5\"></span>x r<span class=\"_ _5\"></span>ates a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax law<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>ute the amount<span class=\"_ _3\"></span> are those that<span class=\"_ _3\"></span> are enacted or<span class=\"_ _3\"></span> substantively enacted at the reporting date<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> countries where the<span class=\"_ _3\"></span> Group operates and<span class=\"_ _3\"></span> generates taxable income.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes ar<span class=\"_ _5\"></span>e cal<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>, on tem<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s ari<span class=\"_ _5\"></span>sing b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>eir ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the financial sta<span class=\"_ _5\"></span>tements<span class=\"_ _5\"></span>. The principal temporar<span class=\"_ _5\"></span>y dif<span class=\"_ _5\"></span>ferences arise from depreciation<span class=\"_ _3\"></span> of propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> plant and equipment, prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s for d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t pla<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>ward<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes ar<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x rat<span class=\"_ _5\"></span>es e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to app<span class=\"_ _5\"></span>ly to t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xabl<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me in t<span class=\"_ _5\"></span>he yea<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n whic<span class=\"_ _5\"></span>h tho<span class=\"_ _5\"></span>se temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o be re<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tle<span class=\"_ _5\"></span>d, b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>ax r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s ena<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted or s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>ly enac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t dat<span class=\"_ _5\"></span>e. A de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t shall b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f the u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>edta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t that i<span class=\"_ _5\"></span>t is probable that<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>uture taxable<span class=\"_ _3\"></span> profit will be ava<span class=\"_ _3\"></span>ilable<span class=\"_ _3\"></span> again<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t whic<span class=\"_ _5\"></span>h the u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s and un<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>axcre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an be u<span class=\"_ _5\"></span>til<span class=\"_ _5\"></span>ized<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed for a<span class=\"_ _5\"></span>ll de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>tib<span class=\"_ _5\"></span>le te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent that i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e that t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>xabl<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e avail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e again<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t whic<span class=\"_ _5\"></span>h the d<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tibl<span class=\"_ _5\"></span>e temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce ca<span class=\"_ _5\"></span>n be uti<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed unl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e init<span class=\"_ _5\"></span>ial re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tion o<span class=\"_ _5\"></span>f an as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et or l<span class=\"_ _5\"></span>iabil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in a tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion that i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t a busi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>mbina<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and a<span class=\"_ _5\"></span>t the t<span class=\"_ _5\"></span>ime o<span class=\"_ _5\"></span>f the transaction af<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ts neither accounting<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>fit nor taxable pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it (ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s). Def<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed for a<span class=\"_ _5\"></span>ll de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>tib<span class=\"_ _5\"></span>le di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ces a<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in subsidiaries, joint v<span class=\"_ _3\"></span>entures a<span class=\"_ _3\"></span>nd associates to the<span class=\"_ _3\"></span> ex<span class=\"_ _5\"></span>tent that<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t is pr<span class=\"_ _5\"></span>oba<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he tem<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>ll reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ture an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xab<span class=\"_ _5\"></span>le pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>it will b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilabl<span class=\"_ _5\"></span>e agai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e temp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce can b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. At each b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce she<span class=\"_ _5\"></span>et da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s if a<span class=\"_ _5\"></span>ll the a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e cri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia are m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>.IFRI<span class=\"_ _5\"></span>C 23, wh<span class=\"_ _5\"></span>ich b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ame e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as f<span class=\"_ _5\"></span>rom Ja<span class=\"_ _5\"></span>nuar<span class=\"_ _5\"></span>y 1, 201<span class=\"_ _2\"></span>9 onwa<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>, cla<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ow to ap<span class=\"_ _5\"></span>pl<span class=\"_ _5\"></span>y the r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and measurement requ<span class=\"_ _3\"></span>irements in IAS 1<span class=\"_ _2\"></span>2 income taxes whe<span class=\"_ _5\"></span>n an unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>y ove<span class=\"_ _5\"></span>r curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>ccep<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of a pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular t<span class=\"_ _5\"></span>ax tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent un<span class=\"_ _5\"></span>der t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>aw may no<span class=\"_ _5\"></span>t be k<span class=\"_ _5\"></span>now<span class=\"_ _5\"></span>n unt<span class=\"_ _5\"></span>il the relevant taxation authority or a c<span class=\"_ _3\"></span>ourt takes a decision<span class=\"_ _8\"></span> in the f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. I<span class=\"_ _5\"></span>n ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ng wh<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her an<span class=\"_ _5\"></span>d how a<span class=\"_ _5\"></span>n uncer<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x treatment affec<span class=\"_ _5\"></span>ts the determination of<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axable results, the Group assumes t<span class=\"_ _3\"></span>hat a taxation a<span class=\"_ _3\"></span>uthorit<span class=\"_ _5\"></span>y will<span class=\"_ _3\"></span> examine amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s it h<span class=\"_ _5\"></span>as a ri<span class=\"_ _5\"></span>ght to e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>ine an<span class=\"_ _5\"></span>d has f<span class=\"_ _5\"></span>ull k<span class=\"_ _5\"></span>now<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>dge of all re<span class=\"_ _3\"></span>lated information<span class=\"_ _3\"></span> when making t<span class=\"_ _3\"></span>hose examinations. If the Grou<span class=\"_ _3\"></span>p concludes<span class=\"_ _3\"></span> it is probable th<span class=\"_ _3\"></span>at the t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>ill a<span class=\"_ _5\"></span>ccep<span class=\"_ _5\"></span>t an unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain ta<span class=\"_ _5\"></span>x treatment, it determines the<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axable result consistently wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>ent us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d or pla<span class=\"_ _5\"></span>nne<span class=\"_ _5\"></span>d to be u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in it<span class=\"_ _5\"></span>s inco<span class=\"_ _5\"></span>me ta<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ilin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>. If t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup co<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t it is n<span class=\"_ _5\"></span>ot probable that a<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>axation authority will accept<span class=\"_ _3\"></span> an uncer<span class=\"_ _4\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x tr<span class=\"_ _5\"></span>eatm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f uncer<span class=\"_ _5\"></span>taint<span class=\"_ _5\"></span>y in deter<span class=\"_ _5\"></span>mining it<span class=\"_ _5\"></span>s accounting ta<span class=\"_ _5\"></span>x posi<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>. If the possible outcomes are<span class=\"_ _8\"></span> binar<span class=\"_ _5\"></span>y or concentrat<span class=\"_ _3\"></span>ed to one<span class=\"_ _3\"></span> valu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ta<span class=\"_ _5\"></span>x po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is me<span class=\"_ _5\"></span>asur<span class=\"_ _5\"></span>ed us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he mos<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>kely am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>. In c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s a ra<span class=\"_ _5\"></span>nge o<span class=\"_ _5\"></span>f po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e outcomes that<span class=\"_ _3\"></span> are neither bi<span class=\"_ _3\"></span>nary nor concentrated on<span class=\"_ _8\"></span> one valu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e sum o<span class=\"_ _5\"></span>f the w<span class=\"_ _5\"></span>eigh<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in a ran<span class=\"_ _5\"></span>ge of possible outcomes might<span class=\"_ _3\"></span> best predict the resolution of the uncer<span class=\"_ _5\"></span>tain<span class=\"_ _5\"></span>ty.INVES<span class=\"_ _5\"></span>TMENT T<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>X CREDITSInve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e excl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sco<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 12<span class=\"_ _5\"></span> income taxes and I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 20 accounting<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>or governme<span class=\"_ _3\"></span>nt gran<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f gove<span class=\"_ _5\"></span>rnm<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>ce. In acco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 8 accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies, chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n accounting<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>stimates and errors, the Group<span class=\"_ _3\"></span> defined an acco<span class=\"_ _5\"></span>unti<span class=\"_ _5\"></span>ng po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>y in r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ta<span class=\"_ _5\"></span>x cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>s by mak<span class=\"_ _5\"></span>ing an a<span class=\"_ _5\"></span>nalo<span class=\"_ _5\"></span>gy t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>2 income taxes. By ma<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g this anal<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y and w<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e cr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>ria to rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>e the cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t (defer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes), and t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion (def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t).RISKS FROM FINANCIA<span class=\"_ _5\"></span>L INSTRUMENTSThe G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>sh an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>lent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>- bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g loa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>les a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s are us<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>ely a<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ging i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>ts and n<span class=\"_ _5\"></span>ot fo<span class=\"_ _5\"></span>r tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g or ot<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>culat<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p is ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s fro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s whi<span class=\"_ _5\"></span>ch wil<span class=\"_ _5\"></span>l be f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er el<span class=\"_ _5\"></span>abo<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ed in n<span class=\"_ _5\"></span>ote (1<span class=\"_ _8\"></span>9): <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls16 ws1d\">credit a<span class=\"_ _3\"></span>nd c<span class=\"_ _3\"></span>ount<span class=\"_ _3\"></span>erparty risk;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls18 ws20\">li<span class=\"_ _5\"></span>quidit<span class=\"_ _5\"></span>y risk<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">m<span class=\"_ _5\"></span>arket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k cons<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk </span></span>and p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s.DERIV<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TIVE FINANCIA<span class=\"_ _5\"></span>L INSTRUMENTS AND HEDGINGThe c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any us<span class=\"_ _5\"></span>es de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pri<span class=\"_ _5\"></span>mar<span class=\"_ _5\"></span>ily to r<span class=\"_ _5\"></span>edu<span class=\"_ _5\"></span>ce ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re to ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>s in interest rates, foreign ex<span class=\"_ _3\"></span>change rates, com<span class=\"_ _3\"></span>modity prices and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s alre<span class=\"_ _5\"></span>ady m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed ab<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>, the Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s poli<span class=\"_ _5\"></span>cy p<span class=\"_ _5\"></span>roh<span class=\"_ _5\"></span>ibi<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>he us<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or speculation. The c<span class=\"_ _3\"></span>ompany does not<span class=\"_ _3\"></span> hold or issue derivative financial instruments for trading purposes<span class=\"_ _5\"></span>.How<span class=\"_ _5\"></span>ever, deriv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s whi<span class=\"_ _5\"></span>ch do no<span class=\"_ _5\"></span>t qual<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d by IFR<span class=\"_ _5\"></span>S 9 ar<span class=\"_ _5\"></span>e pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d as ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>. Der<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y at co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>. Su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ent to ini<span class=\"_ _5\"></span>tial r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are mea<span class=\"_ _5\"></span>sure<span class=\"_ _5\"></span>d at f<span class=\"_ _5\"></span>air va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>. Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of any r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lti<span class=\"_ _5\"></span>ng unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s dep<span class=\"_ _5\"></span>end<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e natur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve an<span class=\"_ _5\"></span>d the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vene<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>ge. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>aps i<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t that the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve or p<span class=\"_ _5\"></span>ay whe<span class=\"_ _5\"></span>n exer<span class=\"_ _5\"></span>cisi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e swaps at the closing<span class=\"_ _3\"></span> date, taking<span class=\"_ _3\"></span> into acc<span class=\"_ _3\"></span>ount cu<span class=\"_ _3\"></span>rrent inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>wap c<span class=\"_ _5\"></span>ounte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f a for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d-<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t is th<span class=\"_ _5\"></span>e quo<span class=\"_ _5\"></span>ted v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>t the c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te, an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e the pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f the qu<span class=\"_ _5\"></span>ote<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>ice.Hed<span class=\"_ _5\"></span>ge ac<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>s app<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>able i<span class=\"_ _5\"></span>f all c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia in the I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 9 st<span class=\"_ _5\"></span>andard are fulf<span class=\"_ _5\"></span>illed: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">there is formal designation<span class=\"_ _8\"></span> and documentation for the </span></span>hedging relation<span class=\"_ _3\"></span>ship at<span class=\"_ _3\"></span> the inception<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>f this<span class=\"_ _3\"></span> relatio<span class=\"_ _5\"></span>nship; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the economic relationshi<span class=\"_ _3\"></span>p between the hedged item </span></span>and the hedgi<span class=\"_ _3\"></span>ng; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>tial s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f ine<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vene<span class=\"_ _5\"></span>ss </span></span>must be documented; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>t </span></span>each closing.Variat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>air val<span class=\"_ _5\"></span>ue b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d dif<span class=\"_ _5\"></span>ferently accordi<span class=\"_ _3\"></span>ng to t<span class=\"_ _3\"></span>he accounti<span class=\"_ _3\"></span>ng classification.Cash flow hedgesWhen a derivative financial<span class=\"_ _3\"></span> instrument hedges variations in ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>ng to a re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, a firm commitment or<span class=\"_ _8\"></span> an exp<span class=\"_ _5\"></span>ected transac<span class=\"_ _5\"></span>tion, the effe<span class=\"_ _5\"></span>ctive par<span class=\"_ _4\"></span>t of any g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ting f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in oth<span class=\"_ _5\"></span>er elements of the com<span class=\"_ _3\"></span>prehensive inc<span class=\"_ _3\"></span>ome and is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented in a se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve i<span class=\"_ _5\"></span>n equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. When th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>rm commitment or<span class=\"_ _8\"></span> the ex<span class=\"_ _5\"></span>pected transac<span class=\"_ _5\"></span>tion results in the rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t or liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty, the cu<span class=\"_ _5\"></span>mulat<span class=\"_ _5\"></span>ive g<span class=\"_ _5\"></span>ain or los<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>emov<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpre<span class=\"_ _5\"></span>hen<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me and i<span class=\"_ _5\"></span>s rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der a s<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>ve in th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. Ot<span class=\"_ _5\"></span>her<span class=\"_ _4\"></span>wis<span class=\"_ _5\"></span>e, t<span class=\"_ _5\"></span>he cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ive ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s is rem<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y and r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in the i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e same time as<span class=\"_ _3\"></span> the hedged transaction. The ineffe<span class=\"_ _5\"></span>ctive par<span class=\"_ _5\"></span>t of any ga<span class=\"_ _5\"></span>in or lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent is t<span class=\"_ _5\"></span>aken in<span class=\"_ _5\"></span>to res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>. G<span class=\"_ _5\"></span>ains o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e time v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he income statement i<span class=\"_ _3\"></span>n interest income<span class=\"_ _8\"></span> or interest expens<span class=\"_ _5\"></span>e. When a hedgi<span class=\"_ _3\"></span>ng instrument or<span class=\"_ _3\"></span> hedge relationship<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpires but t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ed tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s st<span class=\"_ _5\"></span>ill e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to occ<span class=\"_ _5\"></span>ur<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he cumula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed g<span class=\"_ _5\"></span>ain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s (at that p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t) rem<span class=\"_ _5\"></span>ains in equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y and i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in ac<span class=\"_ _5\"></span>cord<span class=\"_ _5\"></span>ance w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the ab<span class=\"_ _5\"></span>ove po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>y wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e tran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n occ<span class=\"_ _5\"></span>urs<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f the h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ged tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t to occ<span class=\"_ _5\"></span>ur<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he cumu<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>ve unre<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y is i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>diate<span class=\"_ _5\"></span>ly taken to income.Instrument<span class=\"_ _5\"></span>s related to<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction contract<span class=\"_ _5\"></span>sIf a derivative financial instrument hedges variations i<span class=\"_ _3\"></span>n cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g to a re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, a firm commitment or<span class=\"_ _8\"></span> an exp<span class=\"_ _5\"></span>ected transac<span class=\"_ _5\"></span>tion in the<span class=\"_ _3\"></span> framework of a co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t (mainly f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard p<span class=\"_ _5\"></span>urch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f raw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>, or f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s), a documentation of the<span class=\"_ _3\"></span> cash flow hedge relationsh<span class=\"_ _3\"></span>ip as des<span class=\"_ _5\"></span>cr<span class=\"_ _5\"></span>ibe<span class=\"_ _5\"></span>d ab<span class=\"_ _5\"></span>ove w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t be p<span class=\"_ _5\"></span>rep<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>ny gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt is recognised in the<span class=\"_ _3\"></span> income statement. These instruments are<span class=\"_ _5\"></span>, howe<span class=\"_ _5\"></span>ver<span class=\"_ _3\"></span>, subm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to a tes<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cien<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the same methodology as utilised for<span class=\"_ _3\"></span> hedge accounti<span class=\"_ _3\"></span>ng. The e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of an<span class=\"_ _5\"></span>y gain or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>dere<span class=\"_ _5\"></span>d as co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd is presented as an operationa<span class=\"_ _3\"></span>l result based upon the<span class=\"_ _3\"></span> percentage of com<span class=\"_ _3\"></span>pletion of the c<span class=\"_ _3\"></span>ontract<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f howe<span class=\"_ _5\"></span>ver is n<span class=\"_ _5\"></span>ot co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed for determini<span class=\"_ _3\"></span>ng the percentage<span class=\"_ _3\"></span> of completion ofthe co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d hed<span class=\"_ _5\"></span>ge cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e are not part of contract ass<span class=\"_ _5\"></span>ets or contract liabilities<span class=\"_ _3\"></span> as these are s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t he<span class=\"_ _5\"></span>dge r<span class=\"_ _5\"></span>ate an<span class=\"_ _5\"></span>d no<span class=\"_ _5\"></span>t at mar<span class=\"_ _5\"></span>ket ra<span class=\"_ _5\"></span>te. D<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red hed<span class=\"_ _5\"></span>ge ch<span class=\"_ _5\"></span>arge<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e are i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and other<span class=\"_ _3\"></span> current li<span class=\"_ _3\"></span>abilities.Fair<span class=\"_ _8\"></span> value hedgesWhen a derivative financial<span class=\"_ _3\"></span> instrument hedges variations in the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f a re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le or p<span class=\"_ _5\"></span>aya<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>, any gain or<span class=\"_ _8\"></span> lo<span class=\"_ _5\"></span>ss resulting from the<span class=\"_ _8\"></span> remeasurement of the hed<span class=\"_ _5\"></span>ging i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>umen<span class=\"_ _5\"></span>t is re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>em is al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>t the f<span class=\"_ _5\"></span>air valu<span class=\"_ _5\"></span>e at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>isk he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed, w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any gain o<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ss bei<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed it<span class=\"_ _5\"></span>ems<span class=\"_ _5\"></span>, in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>isk h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, is th<span class=\"_ _5\"></span>eir carr<span class=\"_ _5\"></span>ying amount<span class=\"_ _3\"></span> at the bala<span class=\"_ _3\"></span>nce sheet dat<span class=\"_ _3\"></span>e translated<span class=\"_ _3\"></span> into euro a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>hat da<span class=\"_ _5\"></span>te.REVENUEST<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r or r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sAll segments, except for the<span class=\"_ _3\"></span> Concessions segment, which is the Group\u2019<span class=\"_ _8\"></span>s investment and dev<span class=\"_ _3\"></span>elopment vehi<span class=\"_ _3\"></span>cle, are contributing to<span class=\"_ _3\"></span> the Group\u2019s<span class=\"_ _8\"></span> turnover<span class=\"_ _8\"></span>.Consolidated t<span class=\"_ _3\"></span>urnover c<span class=\"_ _3\"></span>omprises the total of the<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>k and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed by D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies pursuing their<span class=\"_ _8\"></span> main activ<span class=\"_ _5\"></span>ity.DEME\u2019<span class=\"_ _8\"></span>s acti<span class=\"_ _5\"></span>vities encompass dredging, l<span class=\"_ _3\"></span>and reclamat<span class=\"_ _3\"></span>ion, hydraul<span class=\"_ _3\"></span>ic engi<span class=\"_ _3\"></span>neering, construc<span class=\"_ _5\"></span>tion and services for the of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore o<span class=\"_ _5\"></span>il &amp; gas a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>new<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ener<span class=\"_ _5\"></span>gy in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il engineering a<span class=\"_ _3\"></span>nd environmental<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>ks<span class=\"_ _5\"></span>. These activi<span class=\"_ _5\"></span>ties bei<span class=\"_ _5\"></span>ng con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n or e<span class=\"_ _5\"></span>xecut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice ar<span class=\"_ _5\"></span>e exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d following a c<span class=\"_ _3\"></span>ontract with the customer<span class=\"_ _8\"></span>.The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in acco<span class=\"_ _5\"></span>rda<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _3\"></span>5. Reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s do no<span class=\"_ _5\"></span>t have any s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt financing component. Most construction and ser<span class=\"_ _5\"></span>vice contract<span class=\"_ _5\"></span>s with the c<span class=\"_ _3\"></span>ustomers involve only<span class=\"_ _3\"></span> one per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tion, which is<span class=\"_ _3\"></span> fulfilled progressively over t<span class=\"_ _5\"></span>im<span class=\"_ _5\"></span>e. <span class=\"ff61\">F<span class=\"_ _5\"></span>or a limi<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d numb<span class=\"_ _5\"></span>er of \u201c<span class=\"_ _5\"></span>EP<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>\u201d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the </span>renewable bus<span class=\"_ _3\"></span>iness (<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>ff<span class=\"_ _5\"></span>shore wind farms<span class=\"_ _8\"></span>), multiple<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tions were ide<span class=\"_ _3\"></span>ntified<span class=\"_ _5\"></span>. In those cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>nop<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>s can b<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d, as w<span class=\"_ _5\"></span>ell as t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>able l<span class=\"_ _5\"></span>ayin<span class=\"_ _5\"></span>g par<span class=\"_ _4\"></span>t and t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns (OS<span class=\"_ _5\"></span>S). Tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t are c<span class=\"_ _5\"></span>apa<span class=\"_ _5\"></span>ble o<span class=\"_ _5\"></span>f bei<span class=\"_ _5\"></span>ng dis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and ar<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the c<span class=\"_ _5\"></span>onte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly ar<span class=\"_ _5\"></span>e considered as<span class=\"_ _3\"></span> separate per<span class=\"_ _5\"></span>formance oblig<span class=\"_ _3\"></span>ations.Whe<span class=\"_ _5\"></span>re a con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce obligations, the Group<span class=\"_ _8\"></span> allocates the overall<span class=\"_ _3\"></span> price of the<span class=\"_ _8\"></span> contract to each performance obligation<span class=\"_ _3\"></span> in acc<span class=\"_ _3\"></span>ordance<span class=\"_ _8\"></span> with IFRS 1<span class=\"_ _2\"></span>5. That price corresponds to<span class=\"_ _3\"></span> the amount<span class=\"_ _3\"></span> of the co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on to w<span class=\"_ _5\"></span>hich i<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e enti<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The most common variable<span class=\"_ _3\"></span> considerations such<span class=\"_ _3\"></span> as the steel<span class=\"_ _3\"></span> price, fuel consu<span class=\"_ _3\"></span>mption or design<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ice modifications shall o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y be in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on pr<span class=\"_ _5\"></span>ice t<span class=\"_ _5\"></span>o the ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s high<span class=\"_ _5\"></span>ly pr<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>able t<span class=\"_ _5\"></span>hat a s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d will n<span class=\"_ _5\"></span>ot o<span class=\"_ _5\"></span>ccur. When the p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a var<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, su<span class=\"_ _5\"></span>ch as a per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce bo<span class=\"_ _5\"></span>nus o<span class=\"_ _5\"></span>r a claim<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>es that consideration<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom the moment<span class=\"_ _8\"></span> that agreement is<span class=\"_ _3\"></span> reached with the cl<span class=\"_ _3\"></span>ient.The<span class=\"_ _5\"></span>re are n<span class=\"_ _5\"></span>o IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>5 s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce-t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>.The Group has<span class=\"_ _8\"></span> concluded that reven<span class=\"_ _3\"></span>ue from construction and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>ould b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed <span class=\"ff6a\">ove<span class=\"_ _5\"></span>r ti<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>. </span>A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tion r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t whi<span class=\"_ _5\"></span>ch our performance obligations a<span class=\"_ _3\"></span>re fulfilledcor<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fer o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>r ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce to our c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. W<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of control throug<span class=\"_ _3\"></span>hout the contract revenu<span class=\"_ _3\"></span>e is stillrec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ated h<span class=\"_ _5\"></span>as no a<span class=\"_ _5\"></span>lter<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>hat an enf<span class=\"_ _5\"></span>orce<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e rig<span class=\"_ _5\"></span>ht to p<span class=\"_ _5\"></span>ayme<span class=\"_ _5\"></span>nt e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>nce complete<span class=\"_ _5\"></span>d to date.Reven<span class=\"_ _5\"></span>ue fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e to the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>age o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he contract activ<span class=\"_ _5\"></span>ity at the end of<span class=\"_ _3\"></span> the reporting period, measured based on the<span class=\"_ _3\"></span> propor<span class=\"_ _5\"></span>tion of contract costs incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>k per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d to da<span class=\"_ _5\"></span>te rel<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve to th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d tot<span class=\"_ _5\"></span>al con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt w<span class=\"_ _5\"></span>here t<span class=\"_ _5\"></span>his wo<span class=\"_ _5\"></span>uld not b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>eti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. A cor<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s made f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f mat<span class=\"_ _5\"></span>eria<span class=\"_ _5\"></span>l (e.g. s<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>el) th<span class=\"_ _5\"></span>at is pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d but n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t manu<span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>d or ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the production process at the reporting date. When<span class=\"_ _3\"></span> the outcome of a<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion contract cannot be estimated<span class=\"_ _3\"></span> reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y, contra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt of pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t will p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch the<span class=\"_ _5\"></span>y are in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>. Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>ulf<span class=\"_ _5\"></span>il a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d in re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of the satisfac<span class=\"_ _5\"></span>tion of the<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obligat<span class=\"_ _3\"></span>ion hav<span class=\"_ _3\"></span>e no mate<span class=\"_ _5\"></span>rial i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d marg<span class=\"_ _5\"></span>in of th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch, t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d are in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the st<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on. W<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e that t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l exce<span class=\"_ _5\"></span>ed to<span class=\"_ _5\"></span>tal c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely.When there a<span class=\"_ _3\"></span>re major<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>traints on transferring cash from the working cou<span class=\"_ _3\"></span>ntry to the head office, the profit on a cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct i<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on a c<span class=\"_ _5\"></span>ash b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>.Other operating incomeOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing in<span class=\"_ _5\"></span>come i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s the ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the g<span class=\"_ _5\"></span>ain on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, nex<span class=\"_ _5\"></span>t to other<span class=\"_ _8\"></span> non recurring income.The la<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>uran<span class=\"_ _5\"></span>ce inc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s to our ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>, a<span class=\"_ _5\"></span>s well as liq<span class=\"_ _5\"></span>uida<span class=\"_ _5\"></span>ted da<span class=\"_ _5\"></span>mage<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of a construc<span class=\"_ _5\"></span>tion contract of new equ<span class=\"_ _3\"></span>ipment only<span class=\"_ _3\"></span> if it comp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>crem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to late delivery of the new equ<span class=\"_ _3\"></span>ipment.OPERA<span class=\"_ _2\"></span>TING E<span class=\"_ _5\"></span>XPENSESRaw<span class=\"_ _8\"></span> materials, consumables, services and subcontracted workThis category in the c<span class=\"_ _3\"></span>onsolidated statement of i<span class=\"_ _3\"></span>ncome is<span class=\"_ _3\"></span> the O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. All o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es (als<span class=\"_ _5\"></span>o S<span class=\"_ _5\"></span>G&amp;<span class=\"_ _4\"></span>A ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh our n<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>al bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>s) are inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>son<span class=\"_ _5\"></span>nel e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s, depreciation, amortisation and impairment<span class=\"_ _3\"></span> cost<span class=\"_ _5\"></span>s and oth<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es tha<span class=\"_ _5\"></span>t are d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in a se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate note.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopment, advertising and<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d IT s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ms d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s Res<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ch, a<span class=\"_ _5\"></span>dve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ing an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>omo<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed in the y<span class=\"_ _5\"></span>ear in w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed. D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and I<span class=\"_ _5\"></span>T sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tems d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the year in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h they a<span class=\"_ _5\"></span>re inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>f they d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t mee<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e cri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia fo<span class=\"_ _5\"></span>r cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s (OPE<span class=\"_ _5\"></span>X) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up.Other operating<span class=\"_ _3\"></span> expensesOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ss on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and equipme<span class=\"_ _3\"></span>nt. The non-cash movements in amou<span class=\"_ _3\"></span>nts wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>les<span class=\"_ _5\"></span>, in retirement benefit obligations a<span class=\"_ _3\"></span>nd in pro<span class=\"_ _3\"></span>visions is also<span class=\"_ _3\"></span> rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed as o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t to ab<span class=\"_ _5\"></span>ove, oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>amp dut<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re als<span class=\"_ _5\"></span>o in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s.FINA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L RES<span class=\"_ _5\"></span>UL<span class=\"_ _6\"></span>TInte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e is acc<span class=\"_ _5\"></span>rue<span class=\"_ _5\"></span>d on a t<span class=\"_ _5\"></span>ime b<span class=\"_ _5\"></span>asis<span class=\"_ _5\"></span>, by r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>ce to the p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al ou<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rate appl<span class=\"_ _3\"></span>icable.All in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>n conn<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on wi<span class=\"_ _5\"></span>th b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>s, e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t tho<span class=\"_ _5\"></span>se w<span class=\"_ _5\"></span>hich w<span class=\"_ _5\"></span>ere elig<span class=\"_ _5\"></span>ible t<span class=\"_ _5\"></span>o be c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d, a<span class=\"_ _5\"></span>re ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt us<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e effec<span class=\"_ _5\"></span>tive i<span class=\"_ _3\"></span>nter<span class=\"_ _3\"></span>est rate<span class=\"_ _3\"></span> method.Inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e and in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o incl<span class=\"_ _5\"></span>ude ga<span class=\"_ _5\"></span>ins or los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e tim<span class=\"_ _5\"></span>e valu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncial d<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve instrument<span class=\"_ _5\"></span>s.Dividend income (<span class=\"_ _8\"></span>f<span class=\"_ _5\"></span>rom non-consolidated participations) is<span class=\"_ _8\"></span> rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lder<span class=\"_ _4\"></span>\u2019s righ<span class=\"_ _5\"></span>t to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t has b<span class=\"_ _5\"></span>een e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>lish<span class=\"_ _5\"></span>ed (<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>at i<span class=\"_ _5\"></span>t ispro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nomi<span class=\"_ _5\"></span>c ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s will f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow to th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup and the a<span class=\"_ _3\"></span>mount of i<span class=\"_ _3\"></span>ncome can be<span class=\"_ _3\"></span> reliably measu<span class=\"_ _3\"></span>red).Ot<span class=\"_ _5\"></span>her f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed for proje<span class=\"_ _5\"></span>ct relate<span class=\"_ _5\"></span>d bank guarantees<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-14": {
   "value": "SEGMENT REPORTINGCONCES<span class=\"_ _3\"></span>SIONSThe Concessions segment, unl<span class=\"_ _3\"></span>ike<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>ting se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in an<span class=\"_ _5\"></span>d devel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, por<span class=\"_ _4\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture, g<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>n hydro<span class=\"_ _5\"></span>gen a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ther s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial project<span class=\"_ _5\"></span>s. It operates through participations in<span class=\"_ _3\"></span> special purpose companies \u2013 greenfield and<span class=\"_ _8\"></span> brow<span class=\"_ _5\"></span>nfield. Besides creating economi<span class=\"_ _3\"></span>c value on<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts project<span class=\"_ _5\"></span>s and generating<span class=\"_ _8\"></span> equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>turn<span class=\"_ _5\"></span>s on it<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>ims to secure regular<span class=\"_ _8\"></span> ac<span class=\"_ _5\"></span>tivi<span class=\"_ _5\"></span>ties for the<span class=\"_ _3\"></span> Group contracting ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e EPC p<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>in it<span class=\"_ _5\"></span>s concessions activities<span class=\"_ _5\"></span>, the Group<span class=\"_ _3\"></span> holds also conc<span class=\"_ _3\"></span>essions of s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>eas w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h cont<span class=\"_ _5\"></span>ain p<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ym<span class=\"_ _5\"></span>eta<span class=\"_ _5\"></span>llic n<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>les and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>ops a t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y to coll<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss these polymet<span class=\"_ _5\"></span>allic<span class=\"_ _3\"></span> nodules containi<span class=\"_ _3\"></span>ng nick<span class=\"_ _8\"></span>el, cobalt, manga<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d cop<span class=\"_ _5\"></span>per f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eep o<span class=\"_ _5\"></span>cean f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Each of the<span class=\"_ _3\"></span> four above<span class=\"_ _3\"></span>mentioned segments has its own mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>, ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t bas<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue mo<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l and is m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>ed separately requiring d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ferent strategies. Dredging &amp; Infra activities are complementary as the ma<span class=\"_ _3\"></span>rine inf<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at DEM<span class=\"_ _5\"></span>E Inf<span class=\"_ _5\"></span>ra un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>akes a<span class=\"_ _5\"></span>re of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing or l<span class=\"_ _5\"></span>and re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on sco<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>. The O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d in and ser<span class=\"_ _4\"></span>ves t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y indu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y, bot<span class=\"_ _5\"></span>h rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and oi<span class=\"_ _5\"></span>l &amp; gas s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Envi<span class=\"_ _5\"></span>ronm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent focuses on environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>olutions. The Concessions segment, unlik<span class=\"_ _3\"></span>e the c<span class=\"_ _3\"></span>ontracting segments<span class=\"_ _5\"></span>, invests in and d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>s proj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>ind<span class=\"_ _5\"></span>, po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ure, gre<span class=\"_ _5\"></span>en hydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>n and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r spe<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The segment reporting comprises financial i<span class=\"_ _3\"></span>nformation of these four segments that a<span class=\"_ _3\"></span>re separate operating se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. O<span class=\"_ _5\"></span>n a quar<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s, s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>te op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>epar<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted t<span class=\"_ _5\"></span>o the Ch<span class=\"_ _5\"></span>ief Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>isio<span class=\"_ _5\"></span>n maker, the DEME E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Commi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For the segment<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting, some activit<span class=\"_ _5\"></span>y lines, that<span class=\"_ _3\"></span> are th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>wes<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>vel of r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin DEME<span class=\"_ _5\"></span>,<span class=\"ff6a\"> </span>are a<span class=\"_ _5\"></span>ggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f CTOW (mari<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>ls) and DB<span class=\"_ _5\"></span>M (mari<span class=\"_ _5\"></span>ne aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss) ar<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d by S<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>dis (s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>vag<span class=\"_ _5\"></span>e works) are agg<span class=\"_ _3\"></span>regated in<span class=\"_ _3\"></span> the Of<span class=\"_ _5\"></span>fshore Energy segment.The reporting of the manage<span class=\"_ _3\"></span>ment accou<span class=\"_ _3\"></span>nts (reporting on op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>sult<span class=\"_ _5\"></span>s) is an i<span class=\"_ _5\"></span>nteg<span class=\"_ _5\"></span>ral p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al repor<span class=\"_ _5\"></span>ting. A<span class=\"_ _8\"></span>t any time, the<span class=\"_ _8\"></span> consolidated management rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onci<span class=\"_ _5\"></span>led w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial statements<span class=\"_ _5\"></span>, both resulting i<span class=\"_ _3\"></span>n the same IF<span class=\"_ _3\"></span>RS net res<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year (as su<span class=\"_ _5\"></span>ch on<span class=\"_ _5\"></span>e ver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>uth).DESCRIP<span class=\"_ _5\"></span>TION OF OPER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TING SEGMENTSDEME h<span class=\"_ _5\"></span>as evo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d into a g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e solutions provider organ<span class=\"_ _3\"></span>ised around four<span class=\"_ _8\"></span> dis<span class=\"_ _5\"></span>tinct se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. F<span class=\"_ _5\"></span>or man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pur<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s orga<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>to fo<span class=\"_ _5\"></span>ur bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss un<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The f<span class=\"_ _5\"></span>our r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ble s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re:OFFSHORE<span class=\"_ _3\"></span> ENERGYThis segment pro<span class=\"_ _3\"></span>vides engineering a<span class=\"_ _3\"></span>nd contracting ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces gl<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y in the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore r<span class=\"_ _5\"></span>enew<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d oil &amp; ga<span class=\"_ _5\"></span>s indu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y. Thos<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ciali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e rene<span class=\"_ _5\"></span>wab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup is invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e full B<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f Plan<span class=\"_ _5\"></span>t sco<span class=\"_ _5\"></span>pe f<span class=\"_ _5\"></span>or of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>eer<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>, pr<span class=\"_ _5\"></span>ocu<span class=\"_ _5\"></span>reme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>, construc<span class=\"_ _5\"></span>tion and i<span class=\"_ _3\"></span>nstallation of foundations, t<span class=\"_ _3\"></span>urbines, inte<span class=\"_ _5\"></span>r-array c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>. The Group al<span class=\"_ _3\"></span>so of<span class=\"_ _5\"></span>fers operations and mai<span class=\"_ _3\"></span>ntenance,<span class=\"_ _3\"></span> lo<span class=\"_ _5\"></span>gis<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, rep<span class=\"_ _5\"></span>air an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>commi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ioni<span class=\"_ _5\"></span>ng as w<span class=\"_ _5\"></span>ell as sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e marke<span class=\"_ _5\"></span>t. I<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>il &amp; gas in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rms l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>fall<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, roc<span class=\"_ _5\"></span>k placement, heavy lift<span class=\"_ _5\"></span>, umbili<span class=\"_ _3\"></span>cals, as well<span class=\"_ _3\"></span> as installation and d<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>mmis<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ning s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tion t<span class=\"_ _5\"></span>o the<span class=\"_ _5\"></span>se main ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s spe<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g ge<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s and th<span class=\"_ _5\"></span>e installation of suction pile<span class=\"_ _3\"></span> anchors and found<span class=\"_ _3\"></span>ations. DREDGING &amp;<span class=\"_ _8\"></span> INFR<span class=\"_ _5\"></span>AIn thi<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rms a w<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y of dredging<span class=\"_ _3\"></span> activi<span class=\"_ _5\"></span>ties worldwide, includi<span class=\"_ _3\"></span>ng capital and maintenance dredging<span class=\"_ _5\"></span>, land reclamation<span class=\"_ _5\"></span>, soil improvement, port construc<span class=\"_ _5\"></span>tion, coastal protection and beach nou<span class=\"_ _3\"></span>rishment works. These ac<span class=\"_ _5\"></span>tivities are execut<span class=\"_ _8\"></span>ed with speci<span class=\"_ _3\"></span>alised<span class=\"_ _8\"></span> dredging<span class=\"_ _8\"></span> vessels and<span class=\"_ _8\"></span> var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ty<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>s of a<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>iliar<span class=\"_ _4\"></span>y ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>mov<span class=\"_ _5\"></span>ing equipment. The Group<span class=\"_ _8\"></span> also provides contracting ser<span class=\"_ _5\"></span>vices for marine<span class=\"_ _3\"></span> infrastruc<span class=\"_ _5\"></span>ture projects<span class=\"_ _5\"></span>. This<span class=\"_ _8\"></span> includes the engi<span class=\"_ _3\"></span>neering, design and construction of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ex mar<span class=\"_ _5\"></span>ine s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>res s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s jet<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s, l<span class=\"_ _5\"></span>ock<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd we<span class=\"_ _5\"></span>irs<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tura<span class=\"_ _5\"></span>l wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s such as bored a<span class=\"_ _3\"></span>nd immersed tunnel<span class=\"_ _3\"></span>s, foundation and<span class=\"_ _8\"></span> marine works for bridges or othe<span class=\"_ _3\"></span>r constructions in a mar<span class=\"_ _5\"></span>ine or f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>al env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, a<span class=\"_ _5\"></span>nd ci<span class=\"_ _5\"></span>vil w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or harbour cons<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>cti<span class=\"_ _5\"></span>on, dams and sea def<span class=\"_ _5\"></span>ences, c<span class=\"_ _5\"></span>anal construc<span class=\"_ _5\"></span>tion, revetment, quay wall<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion and shore protection. In addition, the Grou<span class=\"_ _3\"></span>p is active in<span class=\"_ _3\"></span> the marine aggr<span class=\"_ _5\"></span>egate busine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>, which include<span class=\"_ _5\"></span>s dredging<span class=\"_ _5\"></span>, pro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ng, s<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge and t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tes<span class=\"_ _5\"></span>. Fi<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p prov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>es mar<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>time s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>minal<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.ENVIRONMENT<span class=\"_ _6\"></span>ALThe En<span class=\"_ _3\"></span>vironmental segment focuses on<span class=\"_ _3\"></span> innovative environmental<span class=\"_ _3\"></span> solutions for soil remedi<span class=\"_ _3\"></span>ation and brownfield redevelopment, environmental<span class=\"_ _3\"></span> dredging and sediment trea<span class=\"_ _3\"></span>tment and wat<span class=\"_ _3\"></span>er treatment. It is<span class=\"_ _8\"></span> mainl<span class=\"_ _5\"></span>y ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in t<span class=\"_ _5\"></span>he Be<span class=\"_ _5\"></span>nel<span class=\"_ _5\"></span>ux<span class=\"_ _5\"></span>, Fra<span class=\"_ _5\"></span>nce, a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as in ot<span class=\"_ _5\"></span>her European<span class=\"_ _3\"></span> countries on a<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>- by-project basis. An ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>l par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in t<span class=\"_ _5\"></span>he Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>red a<span class=\"_ _5\"></span>s a mate<span class=\"_ _5\"></span>rial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>d agg<span class=\"_ _5\"></span>reg<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d leve<span class=\"_ _5\"></span>l of sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies with non-controlling interests of 25.<span class=\"_ _6\"></span>1<span class=\"_ _8\"></span>%<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s com<span class=\"_ _5\"></span>pany s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e is mo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>, bu<span class=\"_ _5\"></span>t not comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tely, buil<span class=\"_ _5\"></span>t aro<span class=\"_ _5\"></span>und t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rent s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>t is po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t a comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup i<span class=\"_ _5\"></span>s exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ing pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>ging &amp; I<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>ra an<span class=\"_ _5\"></span>d Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d als<span class=\"_ _5\"></span>o on<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>an tr<span class=\"_ _5\"></span>igg<span class=\"_ _5\"></span>er cos<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me in di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p worldwide. The DEME<span class=\"_ _3\"></span> operational and m<span class=\"_ _3\"></span>anagement st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r is ali<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th the D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal segments as well as<span class=\"_ _3\"></span> the manage<span class=\"_ _3\"></span>ment reporting that is based on a w<span class=\"_ _3\"></span>orldwide uniform analytical accounting sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>naly<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t by co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny<span class=\"_ _3\"></span>, tha<span class=\"_ _5\"></span>t give<span class=\"_ _5\"></span>s a bre<span class=\"_ _5\"></span>akdow<span class=\"_ _5\"></span>n by pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cent<span class=\"_ _5\"></span>er<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>s the b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s for the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n alw<span class=\"_ _5\"></span>ays b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>d with the income<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatement of the c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span>.For p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich t<span class=\"_ _5\"></span>wo s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e invol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d (for ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce an o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e), the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>eir ow<span class=\"_ _5\"></span>n sha<span class=\"_ _5\"></span>re in re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e and result. When one<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment is working<span class=\"_ _3\"></span> for another segment as a<span class=\"_ _3\"></span> subcontractor or when a segment<span class=\"_ _3\"></span> hires equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt to us<span class=\"_ _5\"></span>e on p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t is de<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ated t<span class=\"_ _5\"></span>o ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, this i<span class=\"_ _5\"></span>s remun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s len<span class=\"_ _5\"></span>gth b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>. Inter<span class=\"_ _3\"></span>-se<span class=\"_ _5\"></span>gment revenues<span class=\"ls3 ws3\"> are inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s of </span>the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g the w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>, b<span class=\"_ _5\"></span>ut a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d in the s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ment t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s invoic<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nal cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>omer. Currently int<span class=\"_ _3\"></span>ercompany<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ales for major<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are<span class=\"_ _3\"></span> wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent (dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and in<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s; o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s) so t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no inter<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>segment revenue to repor<span class=\"_ _5\"></span>t on separa<span class=\"_ _5\"></span>tely<span class=\"_ _3\"></span>.For each segment<span class=\"_ _8\"></span> the turnover<span class=\"_ _8\"></span>, EBITD<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>, depreciation and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd EBI<span class=\"_ _5\"></span>T is re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>ted<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r the Concessions segment these measures<span class=\"_ _3\"></span> of perf<span class=\"_ _5\"></span>ormance are only a<span class=\"_ _3\"></span>pplicable to<span class=\"_ _3\"></span> the subsidia<span class=\"_ _3\"></span>ries (fully c<span class=\"_ _3\"></span>onsolidated ent<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>his s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent). A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sof th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent is o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n res<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ing in a minority stake in participations, the operating result<span class=\"_ _3\"></span> of th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om associates and joint<span class=\"_ _3\"></span> ventures t<span class=\"_ _3\"></span>hat is a<span class=\"_ _3\"></span>lso segmented.The basis for<span class=\"_ _3\"></span> the segment reporting is the m<span class=\"_ _3\"></span>anagement rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>m. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o all ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es do<span class=\"_ _5\"></span>ne by o<span class=\"_ _5\"></span>ur subsidiaries, the ma<span class=\"_ _3\"></span>nagement report also includes the<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ted by j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>, sh<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e DEME\u2019s shar<span class=\"_ _5\"></span>e of re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. This propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method whereby the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s, r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to it<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>are in t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e, is no<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d under IFRS for<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Management<span class=\"_ _3\"></span> however h<span class=\"_ _3\"></span>as to mo<span class=\"_ _5\"></span>nito<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s, b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ol as in a j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entur<span class=\"_ _5\"></span>e. In t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent repor<span class=\"_ _5\"></span>ting the jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures are c<span class=\"_ _3\"></span>onsolidated acc<span class=\"_ _3\"></span>ording to the proportionate consolidation<span class=\"_ _3\"></span> method and the<span class=\"_ _3\"></span> intercompan<span class=\"_ _8\"></span>y transac<span class=\"_ _5\"></span>tions between the joint vent<span class=\"_ _3\"></span>ures and D<span class=\"_ _5\"></span>EME sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re elim<span class=\"_ _5\"></span>inate<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of propor<span class=\"_ _5\"></span>tionate c<span class=\"_ _3\"></span>onsolidation. The total<span class=\"_ _3\"></span> of the reported segment amounts is reconc<span class=\"_ _3\"></span>iled with the c<span class=\"_ _3\"></span>orresponding amounts in the<span class=\"_ _3\"></span> DEME con<span class=\"_ _3\"></span>solidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. The S<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up (IFR<span class=\"_ _5\"></span>S ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t) is no<span class=\"_ _5\"></span>t af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation method, on<span class=\"_ _3\"></span>ly the presentation of the result of<span class=\"_ _3\"></span> the year<span class=\"_ _3\"></span> is different.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t fr<span class=\"_ _5\"></span>om joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d associates, the reconciliation<span class=\"_ _3\"></span> column<span class=\"_ _3\"></span> includes the<span class=\"_ _3\"></span> net result and carrying amount of<span class=\"_ _3\"></span> joint vent<span class=\"_ _8\"></span>ures that are consolidat<span class=\"_ _3\"></span>ed according<span class=\"_ _8\"></span> to the equity method in the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s but a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the propor<span class=\"_ _5\"></span>tionate consolidati<span class=\"_ _3\"></span>on method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is ma<span class=\"_ _5\"></span>de to n<span class=\"_ _5\"></span>ote (8) for m<span class=\"_ _5\"></span>ore information about joint<span class=\"_ _8\"></span> ventures and associates.DEME\u2019s man<span class=\"_ _5\"></span>agem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng fo<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e (fi<span class=\"_ _5\"></span>nanci<span class=\"_ _5\"></span>al) p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance a<span class=\"_ _5\"></span>nd on t<span class=\"_ _5\"></span>he curr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>utur<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s depl<span class=\"_ _5\"></span>oye<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of projects<span class=\"_ _5\"></span>. The financing a<span class=\"_ _3\"></span>ctiv<span class=\"_ _5\"></span>ities and monitoring<span class=\"_ _3\"></span> of ou<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>med c<span class=\"_ _5\"></span>entr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y at DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p leve<span class=\"_ _5\"></span>l, an<span class=\"_ _5\"></span>d ther<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore n<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial information is presented<span class=\"_ _3\"></span> for those activi<span class=\"_ _5\"></span>ties.The <span class=\"lse ws12\">s<span class=\"_ _5\"></span>egmentation of DE<span class=\"_ _3\"></span>ME\u2019<span class=\"_ _3\"></span>s fleet<span class=\"ls3 ws3\"> is do<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>ase<span class=\"_ _5\"></span>d </span></span>upo<span class=\"_ _5\"></span>n the na<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f the e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t de<span class=\"_ _5\"></span>dica<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a spe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. An ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iew o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et per n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>e is at<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in the a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>eet i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t app<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E as i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls are c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>inuo<span class=\"_ _5\"></span>usl<span class=\"_ _5\"></span>y working on different project<span class=\"_ _5\"></span>s around t<span class=\"_ _3\"></span>he world.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-13-1": {
   "value": "DEME is a world leader in the highly specialised fields of dredging, solutions for the offshore energy market, environmental and infra marine works.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-2": {
   "value": "The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any can b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>d on mo<span class=\"_ _5\"></span>re tha<span class=\"_ _5\"></span>n 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>0 year<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f kn<span class=\"_ _5\"></span>ow-how an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ence an<span class=\"_ _5\"></span>d is a f<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>t run<span class=\"_ _5\"></span>ner in in<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on and<span class=\"_ _5\"></span> new technologies. The sub-holding c<span class=\"_ _3\"></span>ompany DE<span class=\"_ _3\"></span>ME NV ori<span class=\"_ _5\"></span>gina<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n Apr<span class=\"_ _5\"></span>il 5, 19<span class=\"_ _8\"></span>30<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s visio<span class=\"_ _5\"></span>n is to w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span> tow<span class=\"_ _5\"></span>ards a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>nabl<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ture b<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns fo<span class=\"_ _5\"></span>r glob<span class=\"_ _5\"></span>al ch<span class=\"_ _5\"></span>alle<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>s: a r<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ea lev<span class=\"_ _5\"></span>el, a gr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>opul<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on,<span class=\"_ _5\"></span> red<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of CO\u2082 emis<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, pol<span class=\"_ _5\"></span>lute<span class=\"_ _5\"></span>d ri<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, seas an<span class=\"_ _5\"></span>d soi<span class=\"_ _5\"></span>ls and t<span class=\"_ _5\"></span>he sc<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of n<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s.The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>egis<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d at the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er of Comm<span class=\"_ _5\"></span>erce in A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp, B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>umbe<span class=\"_ _5\"></span>r BE 078<span class=\"_ _8\"></span>782934<span class=\"_ _8\"></span>7 a<span class=\"_ _5\"></span>nd BE 0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>4<span class=\"_ _8\"></span>73705 resp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>y. The le<span class=\"_ _5\"></span>gal ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ide<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ier (L<span class=\"_ _5\"></span>EI) of DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V at th<span class=\"_ _5\"></span>e Cro<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>roa<span class=\"_ _5\"></span>d Ban<span class=\"_ _5\"></span>k of Ent<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s is 549300FP<span class=\"_ _5\"></span>FPQ<span class=\"_ _5\"></span>PK<span class=\"_ _5\"></span>I3P<span class=\"_ _2\"></span>J<span class=\"_ _5\"></span>V37<span class=\"_ _2\"></span>. DEME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p NV is l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>ince Ju<span class=\"_ _5\"></span>ne 30, 2022, on Eur<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t Br<span class=\"_ _5\"></span>uss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s unde<span class=\"_ _5\"></span>r the s<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>l \u2018D<span class=\"_ _5\"></span>EME\u2019 w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ISIN c<span class=\"_ _5\"></span>ode BE097<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>3453. Fo<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve 200<span class=\"_ _5\"></span>4/1<span class=\"_ _8\"></span>09/EC in res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e har<span class=\"_ _5\"></span>moni<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of transparency requirements relating<span class=\"_ _8\"></span> to information about iss<span class=\"_ _5\"></span>uer<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hos<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ecur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are a<span class=\"_ _5\"></span>dmit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g on a reg<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d mar<span class=\"_ _5\"></span>ket an<span class=\"_ _5\"></span>d amen<span class=\"_ _5\"></span>ding D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve 2001<span class=\"_ _8\"></span>/34/EC<span class=\"_ _5\"></span>, the H<span class=\"_ _5\"></span>ome M<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er Sta<span class=\"_ _5\"></span>te is B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um. D<span class=\"_ _5\"></span>EME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V shal<span class=\"_ _5\"></span>l not<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>y the B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gian Fin<span class=\"_ _5\"></span>ancia<span class=\"_ _5\"></span>l Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces a<span class=\"_ _5\"></span>nd Mar<span class=\"_ _5\"></span>ket Au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty (FSM<span class=\"_ _5\"></span>A), as c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>nt sup<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>arke<span class=\"_ _5\"></span>t aut<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s Hom<span class=\"_ _5\"></span>e Mem<span class=\"_ _5\"></span>ber St<span class=\"_ _5\"></span>ate. DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s s<span class=\"_ _5\"></span>ecur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re on<span class=\"_ _5\"></span>ly ad<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to tr<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g in<span class=\"_ _5\"></span> Belgium<span class=\"_ _5\"></span>.The w<span class=\"_ _5\"></span>ebs<span class=\"_ _5\"></span>ite o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is <span class=\"lse ws12\">w<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>w.deme-group.com</span>. The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>EME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V for 2022 and 2021 inclu<span class=\"_ _5\"></span>de th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any an<span class=\"_ _5\"></span>d grou<span class=\"_ _5\"></span>p companies herei<span class=\"_ _3\"></span>nafter referred to jointly as<span class=\"_ _3\"></span> the \u2018Group\u2019 and individua<span class=\"_ _3\"></span>lly as subsid<span class=\"_ _3\"></span>iaries, joint vent<span class=\"_ _3\"></span>ures and associates. The sec<span class=\"_ _5\"></span>tion \u2018principles<span class=\"_ _3\"></span> of consolidation\u2019 ex<span class=\"_ _5\"></span>plai<span class=\"_ _5\"></span>ns ho<span class=\"_ _5\"></span>w grou<span class=\"_ _5\"></span>p comp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s are i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the consolidated financi<span class=\"_ _3\"></span>al statements.The consolidated<span class=\"_ _3\"></span> key<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>igures, consolidated statement of income, consolid<span class=\"_ _3\"></span>ated statement of financi<span class=\"_ _3\"></span>al position and consolidated statement of<span class=\"_ _3\"></span> cash flows together with the management<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>ting and segment<span class=\"_ _8\"></span> rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ting were<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d to the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f Febr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>, 2023. The full financi<span class=\"_ _3\"></span>al information<span class=\"_ _3\"></span> repor<span class=\"_ _5\"></span>t includ<span class=\"_ _3\"></span>ing all<span class=\"_ _8\"></span> explanatory notes is presented and authorised for pub<span class=\"_ _5\"></span>lica<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>n March 27<span class=\"_ _8\"></span>, 2023.GENER<span class=\"_ _4\"></span>A<span class=\"_ _5\"></span>L ST<span class=\"_ _8\"></span>A<span class=\"_ _2\"></span>TEMEN<span class=\"_ _5\"></span>TAsso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDred<span class=\"_ _5\"></span>ging, Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al &amp; Marine Engine<span class=\"_ _5\"></span>ering NV<span class=\"_ _84\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%</span>Ba<span class=\"_ _5\"></span>gger<span class=\"_ _4\"></span>wer<span class=\"_ _5\"></span>ken D<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>dt en Z<span class=\"_ _5\"></span>oon N<span class=\"_ _5\"></span>V<span class=\"_ _165\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Cat<span class=\"_ _5\"></span>hie A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding C<span class=\"_ _5\"></span>VB<span class=\"_ _5\"></span>A<span class=\"_ _206\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Deepte<span class=\"_ _5\"></span>ch NV<span class=\"_ _207\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls NV<span class=\"_ _208\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Concessions NV<span class=\"_ _209\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Concessions Wind NV<span class=\"_ _44\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Coordination Center NV<span class=\"_ _162\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Dredg<span class=\"_ _3\"></span>ing NV<span class=\"_ _124\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV<span class=\"_ _102\"> </span>Belgium<span class=\"_ _4b\"> </span>100<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s NV<span class=\"_ _20a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ea S<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns NV<span class=\"_ _208\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore B<span class=\"_ _5\"></span>E NV<span class=\"_ _db\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore E<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent S<span class=\"_ _5\"></span>A (for<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y G-t<span class=\"_ _5\"></span>ec O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e SA)<span class=\"_ _1f7\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore H<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>ing NV<span class=\"_ _16e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional NV<span class=\"_ _20b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Ge<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>nd NV<span class=\"_ _20c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Glo<span class=\"_ _5\"></span>bal S<span class=\"_ _5\"></span>ea Mi<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al Re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s NV<span class=\"_ _20d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>A<span class=\"_ _20e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>High W<span class=\"_ _5\"></span>ind NV<span class=\"_ _20f\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Logimar<span class=\"_ _5\"></span>ine NV<span class=\"_ _210\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME Environment<span class=\"_ _5\"></span>al NV<span class=\"_ _211\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ecoterre<span class=\"_ _5\"></span>s SA<span class=\"_ _212\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ekos<span class=\"_ _5\"></span>to N<span class=\"_ _5\"></span>V<span class=\"_ _1b3\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Hy<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>t Oo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>de Hol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V<span class=\"_ _118\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME Bl<span class=\"_ _5\"></span>ue Ene<span class=\"_ _5\"></span>rgy N<span class=\"_ _5\"></span>V<span class=\"_ _103\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls35 ws43\">69.99%<span class=\"_ _cc\"> </span>69.99%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns Wor<span class=\"_ _5\"></span>ldw<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e NV<span class=\"_ _213\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _59\"> </span><span class=\"lsf ws13\">54<span class=\"_ _5\"></span>.38%<span class=\"_ _1d\"> </span>54<span class=\"_ _5\"></span>.38%<span class=\"_ _78\"> </span><span class=\"ls18 ws20\">Dredging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Gro<span class=\"_ _5\"></span>nd Re<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ycla<span class=\"_ _5\"></span>ge Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um NV<span class=\"_ _105\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls3f ws67\">52<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>43%<span class=\"_ _7e\"> </span>52.<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>GRC Zo<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r NV<span class=\"_ _214\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.70<span class=\"_ _4\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Filterre<span class=\"_ _5\"></span>s SA<span class=\"_ _1a3\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _8b\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _168\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>So<span class=\"_ _5\"></span>yo Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gem LDA<span class=\"_ _f5\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragagem Angola Servi\u00e7os Lda<span class=\"_ _215\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Argentina SA<span class=\"_ _4d\"> </span>Argen<span class=\"_ _5\"></span>tina<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal Au<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>lia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _12e\"> </span>Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia<span class=\"_ _59\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ge<span class=\"_ _5\"></span>oSe<span class=\"_ _5\"></span>a Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _216\"> </span>Aust<span class=\"_ _5\"></span>ralia<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>(1)(1)Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Bahrain WL<span class=\"_ _5\"></span>L<span class=\"_ _217\"> </span><span class=\"ls19 ws16\">Bahrain<span class=\"_ _19a\"> </span><span class=\"ls7a ws88\">49%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragabras Ser<span class=\"_ _5\"></span>vi\u00e7os de Dragagem<span class=\"_ _3\"></span> Ltda<span class=\"_ _122\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEC do Br<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>il Eng<span class=\"_ _5\"></span>enhar<span class=\"_ _5\"></span>ia A<span class=\"_ _5\"></span>mbie<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Ltda<span class=\"_ _125\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _218\"> </span><span class=\"lse ws12\">0%<span class=\"_ _167\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span></span></span>Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.Unt<span class=\"_ _5\"></span>il June 2<span class=\"_ _5\"></span>9, 2022, <span class=\"ff6a ls34 ws3e\">Dredging, Environmental &amp; Marine Engineering NV </span>(DEME N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, was t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>. On th<span class=\"_ _5\"></span>at dat<span class=\"_ _5\"></span>e CFE NV t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take in D<span class=\"_ _5\"></span>EME NV t<span class=\"_ _5\"></span>o a new<span class=\"_ _5\"></span>ly cr<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpany, DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV<span class=\"_ _3\"></span>, by mea<span class=\"_ _5\"></span>ns of a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rger a<span class=\"_ _5\"></span>nd as s<span class=\"_ _5\"></span>uch <span class=\"ff6a ls8c ws54\">DEME Group NV</span> beca<span class=\"_ _5\"></span>me th<span class=\"_ _5\"></span>e new p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt com<span class=\"_ _5\"></span>pany. DEME N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, as a s<span class=\"_ _5\"></span>ubh<span class=\"_ _5\"></span>oldi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, is now i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the li<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>s a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o pri<span class=\"_ _5\"></span>or ye<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is ma<span class=\"_ _5\"></span>de to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>6) Shar<span class=\"_ _5\"></span>e cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al, di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es fo<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e information.DEME Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l NV<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, i<span class=\"_ _5\"></span>s own<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or 25.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% by a t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. In the Dre<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t ther<span class=\"_ _5\"></span>e are s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">non-con<span class=\"_ _5\"></span>trolling interest<span class=\"_ _5\"></span>s </span>in the ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te and m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s and in t<span class=\"_ _5\"></span>he dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y som<span class=\"_ _5\"></span>e min<span class=\"_ _5\"></span>or int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e hol<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame ex<span class=\"_ _5\"></span>ternal partner holds int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in two su<span class=\"_ _3\"></span>bsidiaries of the<span class=\"_ _3\"></span> Group. In the<span class=\"_ _3\"></span> Of<span class=\"_ _5\"></span>fshore se<span class=\"_ _5\"></span>gment there<span class=\"_ _8\"></span> are no non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Refe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>rehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e consolidated statement of<span class=\"_ _3\"></span> changes in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity for more information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>.SUBSIDIARIES (FULL<span class=\"_ _6\"></span>Y CONSOLIDA<span class=\"_ _6\"></span>TED<span class=\"_ _3\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>A Ltd<span class=\"_ _d1\"> </span>Canada<span class=\"_ _48\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Management Consulting Shanghai Ltd<span class=\"_ _219\"> </span><span class=\"ls18 ws20\">China<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Hon<span class=\"_ _5\"></span>g Kong S<span class=\"_ _5\"></span>AR Far Eas<span class=\"_ _5\"></span>t Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng Ltd10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>ChinaBellsea Ltd<span class=\"_ _18a\"> </span>Cyp<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Cypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _21a\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional C<span class=\"_ _8\"></span>y<span class=\"_ _5\"></span>prus Ltd<span class=\"_ _1fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _4\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s C<span class=\"_ _8\"></span>ypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _1b8\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Novadeal L<span class=\"_ _3\"></span>td<span class=\"_ _21b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>T<span class=\"_ _8\"></span>.C.<span class=\"_ _5\"></span>M.C. The Channe<span class=\"_ _5\"></span>l Management Comp<span class=\"_ _5\"></span>any Ltd<span class=\"_ _26\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>K SA<span class=\"_ _5\"></span>S<span class=\"_ _fe\"> </span>Denmark<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore F<span class=\"_ _5\"></span>R SA<span class=\"_ _5\"></span>S<span class=\"_ _21c\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>AS<span class=\"_ _21d\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Soci\u00e9<span class=\"_ _5\"></span>t\u00e9 de Dragage Interna<span class=\"_ _5\"></span>tional SA<span class=\"_ _217\"> </span>Fr<span class=\"_ _5\"></span>ance<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra / Nordsee Nassbagger<span class=\"_ _3\"></span>- und<span class=\"_ _3\"></span> Tiefbau GmbH<span class=\"_ _21e\"> </span>Germany<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore EnergyOam-<span class=\"_ _5\"></span>Deme Miner<span class=\"_ _5\"></span>ali\u00ebn GmbH<span class=\"_ _137\"> </span>Germany<span class=\"_ _43\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H<span class=\"_ _f7\"> </span>Germany<span class=\"_ _5d\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls Ltd<span class=\"_ _21f\"> </span><span class=\"ls18 ws20\">United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>New<span class=\"_ _5\"></span>Wave<span class=\"_ _5\"></span>s Sol<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ions Lt<span class=\"_ _5\"></span>d<span class=\"_ _220\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e UK Ltd<span class=\"_ _221\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al India Pv<span class=\"_ _5\"></span>t Ltd<span class=\"_ _217\"> </span>India<span class=\"_ _222\"> </span><span class=\"ls7f ws8d\">9<span class=\"_ _5\"></span>9.<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>%<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>.97<span class=\"_ _5\"></span>%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aInte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>eap<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g P<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>t Ltd<span class=\"_ _f2\"> </span><span class=\"ls18 ws20\">In<span class=\"_ _5\"></span>dia<span class=\"_ _222\"> </span><span class=\"lsd9 wse4\">93.6<span class=\"_ _4\"></span>4%<span class=\"_ _91\"> </span>93<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span>(3)(3)PT Dredging I<span class=\"_ _3\"></span>nternational I<span class=\"_ _3\"></span>ndonesia<span class=\"_ _1d4\"> </span><span class=\"ls3a ws3f\">Indonesia<span class=\"_ _2b\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aSocieta<span class=\"_ _8\"></span> Italian<span class=\"_ _8\"></span>a Dragag<span class=\"_ _3\"></span>gi<span class=\"_ _3\"></span> Spa<span class=\"_ _1f8\"> </span>Italy<span class=\"_ _12a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Japan Ltd<span class=\"_ _6d\"> </span>Japan<span class=\"_ _121\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Apollo Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _223\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Bon<span class=\"_ _5\"></span>ny Ri<span class=\"_ _5\"></span>ver Sh<span class=\"_ _5\"></span>ippin<span class=\"_ _5\"></span>g SA<span class=\"_ _224\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>CRiver Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _225\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Del<span class=\"_ _5\"></span>ta R<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er Ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g SA<span class=\"_ _5f\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SA<span class=\"_ _28\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU P<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Shipp<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>A<span class=\"_ _1b7\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Innovation Sh<span class=\"_ _3\"></span>ipping SA<span class=\"_ _fe\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span>Meuse River Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _220\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Sa<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>indi RE S<span class=\"_ _5\"></span>A<span class=\"_ _226\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Spar<span class=\"_ _5\"></span>tacus Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _227\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A<span class=\"_ _103\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _88\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Sdn B<span class=\"_ _5\"></span>hd<span class=\"_ _db\"> </span>Malay<span class=\"_ _5\"></span>sia<span class=\"_ _29\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>alay<span class=\"_ _5\"></span>sia S<span class=\"_ _5\"></span>dn Bhd<span class=\"_ _21e\"> </span><span class=\"ls19 ws16\">Malaysia <span class=\"_ _38\"> </span>30%</span>30%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aHydrogeo SARL<span class=\"_ _228\"> </span><span class=\"lsf ws13\">Morocco<span class=\"_ _3f\"> </span></span>0%<span class=\"_ _23\"> </span>60%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ico S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _147\"> </span>M<span class=\"_ _5\"></span>exico<span class=\"_ _49\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Log<span class=\"_ _5\"></span>imar<span class=\"_ _5\"></span>ine S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _221\"> </span>Mex<span class=\"_ _5\"></span>ico<span class=\"_ _229\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragamoz Lda<span class=\"_ _214\"> </span>Mozamb<span class=\"_ _5\"></span>ique<span class=\"_ _9d\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Ear<span class=\"_ _5\"></span>th Moving Interna<span class=\"_ _5\"></span>tional Nigeria Ltd<span class=\"_ _11b\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Nov<span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>al EKO FZE<span class=\"_ _1c4\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and En<span class=\"_ _5\"></span>vir<span class=\"_ _5\"></span>onme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _86\"> </span>Nig<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(1)(1)Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s (Nigeria) L<span class=\"_ _8\"></span>t<span class=\"_ _5\"></span>d<span class=\"_ _49\"> </span><span class=\"ls3 ws3\">Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span></span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(2)(2)Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _166\"> </span><span class=\"ls18 ws20\">Nigeria<span class=\"_ _27\"> </span><span class=\"ls7d ws8b\">21.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>%</span></span>21.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDredging Interna<span class=\"_ _5\"></span>tional de Panama SA<span class=\"_ _22a\"> </span>Panama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.(2) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 54<span class=\"_ _5\"></span>.375%<span class=\"_ _5\"></span>.(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCorpo<span class=\"_ _3\"></span>racio<span class=\"_ _3\"></span>n Are<span class=\"_ _8\"></span>nera Ma<span class=\"_ _8\"></span>rina SA<span class=\"_ _131\"> </span>P<span class=\"_ _5\"></span>anama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>co PNG Lt<span class=\"_ _5\"></span>d<span class=\"_ _106\"> </span>Papua<span class=\"_ _8\"></span> New Guinea<span class=\"_ _89\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Berin Engenharia Dra<span class=\"_ _5\"></span>gagens e Ambiente SA<span class=\"_ _190\"> </span>Por<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>gal<span class=\"_ _53\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3)(3)Midd<span class=\"_ _5\"></span>le Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Comp<span class=\"_ _5\"></span>any QS<span class=\"_ _5\"></span>C<span class=\"_ _22b\"> </span><span class=\"ls34 ws3e\">Qatar <span class=\"_ _145\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragmors<span class=\"_ _5\"></span>troy LLC<span class=\"_ _1c5\"> </span>Russia<span class=\"_ _18b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Mordraga LLC<span class=\"_ _3b\"> </span>Russia<span class=\"_ _18b\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onaI S<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>di Ar<span class=\"_ _5\"></span>abia C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _1b8\"> </span>S<span class=\"_ _5\"></span>audi Arabia<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dr<span class=\"_ _5\"></span>agaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>a Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _f3\"> </span>Singapore<span class=\"_ _22\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _18e\"> </span>Singapor<span class=\"_ _5\"></span>e<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th Af<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ca P<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _18b\"> </span>South-A<span class=\"_ _8\"></span>fr<span class=\"_ _5\"></span>ica<span class=\"_ _95\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Espa\u00f1a SA<span class=\"_ _1d2\"> </span><span class=\"ls18 ws20\">Spain<span class=\"_ _1b4\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Navi<span class=\"_ _5\"></span>era L<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ing Sto<span class=\"_ _5\"></span>ne SLU<span class=\"_ _fa\"> </span>Sp<span class=\"_ _5\"></span>ain<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls BV<span class=\"_ _44\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Concessions Netherlands BV<span class=\"_ _22c\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conces<span class=\"_ _5\"></span>sionsDEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore N<span class=\"_ _5\"></span>L BV<span class=\"_ _22e\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Off<span class=\"_ _5\"></span>shore Shippi<span class=\"_ _3\"></span>ng BV<span class=\"_ _208\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Nether<span class=\"_ _5\"></span>lands BV<span class=\"_ _119\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>G-t<span class=\"_ _5\"></span>ec BV<span class=\"_ _1d8\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>SPT Eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt BV<span class=\"_ _22f\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Hol<span class=\"_ _5\"></span>ding BV<span class=\"_ _216\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e BV<span class=\"_ _230\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Aann<span class=\"_ _5\"></span>emin<span class=\"_ _5\"></span>gsma<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap<span class=\"_ _5\"></span>p\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel B<span class=\"_ _5\"></span>V<span class=\"_ _7f\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel B<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>er BV<span class=\"_ _20d\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel Kus<span class=\"_ _5\"></span>t- en Oeve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wer<span class=\"_ _5\"></span>ken BV<span class=\"_ _55\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Zan<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>loi<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>maat<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>pp\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; va<span class=\"_ _5\"></span>n de Wi<span class=\"_ _5\"></span>el BV<span class=\"_ _1dd\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Milie<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>chni<span class=\"_ _5\"></span>ek De Vr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel BV  <span class=\"_ _1d3\"> </span>The Netherlands<span class=\"_ _73\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>enta<span class=\"_ _5\"></span>l</span></span>DEME Co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV<span class=\"_ _1f8\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Seatec Holding<span class=\"_ _3\"></span> BV<span class=\"_ _1c5\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _7c\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _2f\"> </span>The Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Ukraine LLC<span class=\"_ _16d\"> </span>Uk<span class=\"_ _5\"></span>raine<span class=\"_ _19a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; InfraUnit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal R<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K FZ L<span class=\"_ _5\"></span>LC10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Emira<span class=\"_ _5\"></span>tesDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S INC<span class=\"_ _d1\"> </span>USA<span class=\"_ _218\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S LLC<span class=\"_ _fd\"> </span>USA<span class=\"_ _10c\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Mar<span class=\"_ _5\"></span>ine Con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding L<span class=\"_ _5\"></span>LC<span class=\"_ _49\"> </span>USA<span class=\"_ _1d3\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Marine Construc<span class=\"_ _5\"></span>tion &amp; Solutions LLC<span class=\"_ _4c\"> </span>USA<span class=\"_ _125\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cio<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>imo<span class=\"_ _5\"></span>s Ser<span class=\"_ _4\"></span>vim<span class=\"_ _5\"></span>ar SA<span class=\"_ _20d\"> </span>Ve<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>z<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF I<span class=\"_ _5\"></span>NCOME COM<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>E ANA<span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>YSIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)Notes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>REVENUES<span class=\"_ _243\"> </span><span class=\"fc3 ls5c ws65\">2<span class=\"_ _5\"></span>,710<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>73<span class=\"_ _7e\"> </span></span><span class=\"ls38 ws41\">130,0<span class=\"_ _3\"></span>23</span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nover<span class=\"_ _244\"> </span>(1)<span class=\"_ _a9\"> </span>2,65<span class=\"_ _5\"></span>4,725<span class=\"_ _7c\"> </span><span class=\"lsc wsd\">2,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>07<span class=\"_ _245\"> </span><span class=\"fc0 ls56 ws5e\">14<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>118</span></span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _17\"> </span>(2)<span class=\"_ _32\"> </span>56<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _9d\"> </span><span class=\"fc0 ls1e ws28\">-14<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5</span></span>OPERA<span class=\"_ _8\"></span>TING E<span class=\"_ _5\"></span>XPENSES<span class=\"_ _f1\"> </span>-2,555,<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>437,492<span class=\"_ _168\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span>Raw materials, consumable<span class=\"_ _5\"></span>s, ser<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ices and subcontr<span class=\"_ _5\"></span>acte<span class=\"_ _5\"></span>d work<span class=\"_ _1e1\"> </span>-1,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _152\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>1,57<span class=\"_ _8\"></span>5,624<span class=\"_ _168\"> </span><span class=\"fc0 ls38 ws41\">-<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>28,994</span></span>Personn<span class=\"_ _3\"></span>el expe<span class=\"_ _3\"></span>nses<span class=\"_ _246\"> </span>(3)<span class=\"_ _96\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>743<span class=\"_ _164\"> </span><span class=\"ls19 ws16\">-4<span class=\"_ _5\"></span>88,8<span class=\"_ _5\"></span>96<span class=\"_ _95\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>7</span></span>Depreciation and amor<span class=\"_ _5\"></span>tisation e<span class=\"_ _5\"></span>xpense<span class=\"_ _5\"></span>s<span class=\"_ _105\"> </span>(4)/(6)/(7)<span class=\"_ _159\"> </span>-318<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2</span></span>Impa<span class=\"_ _5\"></span>irm<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt and r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht-of-us<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _111\"> </span>(6)/(<span class=\"_ _5\"></span>7)<span class=\"_ _166\"> </span>-43<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span><span class=\"ls34 ws3e\">-34,<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _c0\"> </span><span class=\"fc0\">34,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>78</span></span>Impairm<span class=\"_ _5\"></span>ent of go<span class=\"_ _5\"></span>odw<span class=\"_ _5\"></span>ill and intangib<span class=\"_ _5\"></span>le ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _23f\"> </span>(4)/(5)<span class=\"_ _229\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls76 ws84\">-3<span class=\"_ _5\"></span>11<span class=\"_ _39\"> </span><span class=\"fc0\">3<span class=\"_ _5\"></span>11</span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _1ce\"> </span>(2)<span class=\"_ _c0\"> </span>-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,52<span class=\"_ _5\"></span>9<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>945<span class=\"_ _c0\"> </span><span class=\"fc0 ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>416</span></span>OPERA<span class=\"_ _8\"></span>TING RESUL<span class=\"_ _8\"></span>T<span class=\"_ _188\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span><span class=\"ls34 ws3e\">143,28<span class=\"_ _8\"></span>1<span class=\"_ _65\"> </span><span class=\"fc0 ls5a ws63\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>5</span></span>FINANCIAL<span class=\"_ _8\"></span> RESUL<span class=\"_ _8\"></span>T<span class=\"_ _1f\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _2e\"> </span><span class=\"ls6e ws7b\">-<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>12<span class=\"_ _96\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>9</span>Interes<span class=\"_ _5\"></span>t income<span class=\"_ _198\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>026<span class=\"_ _166\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _166\"> </span><span class=\"fc0 ls78 ws86\">1,8<span class=\"_ _4\"></span>45</span></span>Interes<span class=\"_ _5\"></span>t exp<span class=\"_ _5\"></span>ense<span class=\"_ _1fe\"> </span>-<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _2e\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _5\"></span>6,920<span class=\"_ _167\"> </span><span class=\"fc0 ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4</span></span>Realised/un<span class=\"_ _3\"></span>realised foreign currency tr<span class=\"_ _5\"></span>anslation ef<span class=\"_ _5\"></span>fec<span class=\"_ _5\"></span>ts<span class=\"_ _247\"> </span><span class=\"ls7e ws8c\">-11<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1d9\"> </span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _9b\"> </span><span class=\"fc0 ls1e ws28\">-17,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>4</span></span>Ot<span class=\"_ _5\"></span>her f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al inco<span class=\"_ _5\"></span>me an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es<span class=\"_ _98\"> </span>-4,289<span class=\"_ _2d\"> </span><span class=\"ls38 ws41\">-8,803<span class=\"_ _86\"> </span><span class=\"fc0 ls56 ws5e\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>514</span></span>RESUL<span class=\"_ _8\"></span>T BEFORE<span class=\"_ _3\"></span> T<span class=\"_ _8\"></span>AX<span class=\"_ _5\"></span>ES<span class=\"_ _1ac\"> </span>130,9<span class=\"_ _8\"></span>25<span class=\"_ _7f\"> </span><span class=\"ls1a4 ws1cb\">13<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _2d\"> </span><span class=\"fc0 ls13 ws9a\">-6,944</span></span>Cu<span class=\"_ _3\"></span>rrent<span class=\"_ _8\"></span> taxes an<span class=\"_ _3\"></span>d defe<span class=\"_ _8\"></span>rred taxes<span class=\"_ _22f\"> </span>(10)<span class=\"_ _81\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>36<span class=\"_ _5\"></span>1<span class=\"_ _e0\"> </span>-31,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>9<span class=\"_ _22\"> </span><span class=\"fc0 ls88 ws96\">-2<span class=\"_ _5\"></span>82</span></span>RE<span class=\"_ _5\"></span>SU<span class=\"_ _5\"></span>L<span class=\"_ _8\"></span>T AF<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ER T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S<span class=\"_ _64\"> </span>99<span class=\"_ _8\"></span>,564<span class=\"_ _91\"> </span><span class=\"ls31 ws3a\">106,<span class=\"_ _8\"></span>790<span class=\"_ _2e\"> </span><span class=\"fc0 ls1a4 ws1cb\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Shar<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>rof<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t (lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s) of joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _12c\"> </span>(8)<span class=\"_ _88\"> </span>15<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>27<span class=\"_ _c0\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _92\"> </span><span class=\"fc0 ls7a ws88\">5,<span class=\"_ _5\"></span>279</span></span>RESUL<span class=\"_ _8\"></span>T FOR T<span class=\"_ _3\"></span>HE PERIOD<span class=\"_ _bd\"> </span>115<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _96\"> </span><span class=\"ls1a4 ws1cb\">117,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _167\"> </span></span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>7</span>Attributable to non-controlling<span class=\"_ _3\"></span> interest<span class=\"_ _5\"></span>s<span class=\"_ _181\"> </span>2,671<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,757<span class=\"_ _29\"> </span><span class=\"fc0 ls1d ws27\">-86</span></span>SHARE OF THE<span class=\"_ _8\"></span> GROUP<span class=\"_ _f1\"> </span><span class=\"ff64 ls10a ws115\">11<span class=\"_ _5\"></span>2<span class=\"_ _7\"> </span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _ae\"> </span>114<span class=\"_ _13\"> </span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"> </span>8<span class=\"_ _4\"></span>1<span class=\"_ _15a\"> </span><span class=\"fc0 ls89 ws97\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Joint vent<span class=\"_ _3\"></span>ures are<span class=\"_ _3\"></span> consolidated proportionally in the manageme<span class=\"_ _3\"></span>nt report f<span class=\"_ _5\"></span>igures, whereas acc<span class=\"_ _3\"></span>ording to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d (shar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup) is not affe<span class=\"_ _5\"></span>cted by the d<span class=\"_ _3\"></span>if<span class=\"_ _5\"></span>ference in<span class=\"_ _3\"></span> consolidation method, only the presentation is<span class=\"_ _3\"></span> dif<span class=\"_ _5\"></span>ferent.In th<span class=\"_ _5\"></span>e note<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d in this c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t anal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is, t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>igu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r financial sta<span class=\"_ _5\"></span>tements are disclos<span class=\"_ _5\"></span>ed.This p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t h<span class=\"_ _5\"></span>as to b<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>d tog<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he \u2018G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Per<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>ce 2022\u2019 ear<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>r in this a<span class=\"_ _5\"></span>nnual r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e the majo<span class=\"_ _5\"></span>r cont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s to the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear ar<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>plai<span class=\"_ _5\"></span>ned<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e \u2018Gr<span class=\"_ _5\"></span>oup P<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ance 2022\u2019 w<span class=\"_ _5\"></span>hen e<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>ora<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g on the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mance o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>atel<span class=\"_ _5\"></span>y, as well as i<span class=\"_ _5\"></span>n the segment reporting, management re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t figures are use<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he on<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>ncili<span class=\"_ _5\"></span>ng it<span class=\"_ _5\"></span>em be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>gure<span class=\"_ _5\"></span>s and the f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s as in th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s is th<span class=\"_ _5\"></span>e imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t of the different consolidation method for jo<span class=\"_ _3\"></span>int vent<span class=\"_ _3\"></span>ures.C<span class=\"_ _8\"></span>OMP<span class=\"_ _6\"></span>AR<span class=\"_ _4\"></span>A<span class=\"_ _8c\"></span>TIVE FINANCIAL ST<span class=\"_ _8c\"></span>A<span class=\"_ _8c\"></span>TEMENT ANAL<span class=\"_ _12f\"></span>Y<span class=\"_ _8\"></span>SISASSE<span class=\"_ _5\"></span>TSNotes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>NON-CURRENT ASSETS<span class=\"_ _51\"> </span>2,<span class=\"_ _5\"></span>969,<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>9<span class=\"_ _152\"> </span><span class=\"ls18 ws20\">2,69<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>235<span class=\"_ _91\"> </span><span class=\"ls79 ws87\">275,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4</span></span>Intan<span class=\"_ _5\"></span>gible ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _9a\"> </span>(4)<span class=\"_ _86\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15<span class=\"_ _2d\"> </span><span class=\"ls8b ws99\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513<span class=\"_ _83\"> </span><span class=\"fc0 ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8</span></span>Goodwil<span class=\"_ _3\"></span>l<span class=\"_ _1ac\"> </span>(5)<span class=\"_ _88\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _2d\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _11c\"> </span><span class=\"fc0 ls3 ws3\">-</span></span>Pro<span class=\"_ _5\"></span>per<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pmen<span class=\"_ _5\"></span>t<span class=\"_ _7b\"> </span>(6)<span class=\"_ _164\"> </span>2,422,048<span class=\"_ _7c\"> </span><span class=\"ls55 ws5d\">2,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>41<span class=\"_ _7f\"> </span><span class=\"fc0\">16<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>07</span></span>Right<span class=\"_ _8\"></span>-of-use asset<span class=\"_ _5\"></span>s<span class=\"_ _248\"> </span><span class=\"ls7b ws89\">(7)<span class=\"_ _8b\"> </span></span>98,994<span class=\"_ _81\"> </span><span class=\"ls59 ws62\">90,620<span class=\"_ _92\"> </span><span class=\"fc0 ls8b ws99\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>74</span></span>Inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes<span class=\"_ _1f8\"> </span><span class=\"lsb wsc\">(8)<span class=\"_ _81\"> </span><span class=\"ls8b ws99\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _96\"> </span>13<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _c0\"> </span></span><span class=\"fc0\">69,9<span class=\"_ _5\"></span>67</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _1c2\"> </span>(9)<span class=\"_ _32\"> </span>32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _c0\"> </span><span class=\"lsc wsd\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _2b\"> </span><span class=\"fc0 ls76 ws84\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>current f<span class=\"_ _5\"></span>inancial derivat<span class=\"_ _5\"></span>ives<span class=\"_ _225\"> </span>(19)<span class=\"_ _2e\"> </span>39<span class=\"_ _5\"></span>,336<span class=\"_ _39\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _c0\"> </span><span class=\"fc0 ls75 ws82\">3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23</span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _249\"> </span><span class=\"ls1a9 ws1cf\">3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _18e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span></span><span class=\"fc0\">3<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>7</span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _136\"> </span>209<span class=\"_ _184\"> </span><span class=\"ls1ac ws1d2\">6<span class=\"_ _5\"></span>13<span class=\"_ _39\"> </span><span class=\"fc0 ls1ce ws1f8\">-404</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _e5\"> </span>(9)<span class=\"_ _86\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _92\"> </span><span class=\"ls34 ws3e\">4,239<span class=\"_ _92\"> </span><span class=\"fc0 ls147 ws157\">7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3</span></span>Deferred<span class=\"_ _8\"></span> tax assets<span class=\"_ _24a\"> </span>(10)<span class=\"_ _95\"> </span>124<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _163\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>34,949<span class=\"_ _95\"> </span><span class=\"fc0 ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1</span></span>CURRENT ASSETS<span class=\"_ _f0\"> </span>1,540,489<span class=\"_ _77\"> </span><span class=\"ls13 ws9a\">1,3<span class=\"_ _3\"></span>55,36<span class=\"_ _3\"></span>2<span class=\"_ _7f\"> </span><span class=\"fc0 ls8 ws8\">1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7</span></span>Inventories<span class=\"_ _5b\"> </span>(<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>)<span class=\"_ _2e\"> </span>25,696<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _2d\"> </span><span class=\"fc0 ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span></span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _1bd\"> </span>(12<span class=\"_ _5\"></span>)<span class=\"_ _95\"> </span>344,<span class=\"_ _8\"></span>75<span class=\"_ _8\"></span>1<span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">326<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>85<span class=\"_ _84\"> </span><span class=\"fc0 ls56 ws5e\">18<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _247\"> </span>(13<span class=\"_ _5\"></span>)<span class=\"_ _96\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529<span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>022<span class=\"_ _84\"> </span><span class=\"fc0 ls3f ws67\">8<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07</span></span>Current financial der<span class=\"_ _5\"></span>ivati<span class=\"_ _5\"></span>ves<span class=\"_ _24b\"> </span>(19)<span class=\"_ _2e\"> </span>22<span class=\"_ _5\"></span>,022<span class=\"_ _86\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>07<span class=\"_ _c0\"> </span><span class=\"fc0 ls1b ws24\">1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>15</span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _24c\"> </span><span class=\"ls1ad ws1d3\">17,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _18e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span></span><span class=\"fc0\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _24d\"> </span>4,38<span class=\"_ _5\"></span>4<span class=\"_ _26\"> </span><span class=\"ls1ae ws1d4\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>207<span class=\"_ _1bf\"> </span><span class=\"fc0 ls1a9 ws1cf\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _24e\"> </span>(14)<span class=\"_ _20\"> </span>31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _65\"> </span><span class=\"ls7a ws88\">3<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>456<span class=\"_ _22\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>459</span></span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _24f\"> </span>(15<span class=\"_ _5\"></span>)<span class=\"_ _95\"> </span>1<span class=\"_ _8\"></span>24,23<span class=\"_ _8\"></span>3<span class=\"_ _2d\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c0\"> </span><span class=\"fc0 ls55 ws5d\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>(18)/(19)<span class=\"_ _235\"> </span>5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>61<span class=\"_ _7f\"> </span><span class=\"ls79 ws87\">528,63<span class=\"_ _5\"></span>2<span class=\"_ _35\"> </span><span class=\"fc0 ls1c ws26\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>371</span></span>TOT<span class=\"_ _8\"></span>AL A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S<span class=\"_ _250\"> </span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _1f2\"> </span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>49,597<span class=\"_ _73\"> </span><span class=\"fc0 lsdc wse7\">4<span class=\"_ _13\"> </span>6<span class=\"_ _7\"> </span>0<span class=\"_ _13\"> </span>,1<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>1</span>CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L PO<span class=\"_ _5\"></span>SITI<span class=\"_ _5\"></span>ON CO<span class=\"_ _3\"></span>MP<span class=\"_ _2\"></span>AR<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIVE ANAL<span class=\"_ _0\"></span>Y<span class=\"_ _8\"></span>SIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)GROU<span class=\"_ _5\"></span>P EQUIT<span class=\"_ _5\"></span>Y AND LIA<span class=\"_ _5\"></span>BILITI<span class=\"_ _5\"></span>ESNotes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>SHAREHOLDERS\u2019 EQUITY<span class=\"_ _251\"> </span>(16<span class=\"_ _5\"></span>)<span class=\"_ _7e\"> </span>1,75<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _235\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>,579<span class=\"_ _3\"></span>,543<span class=\"_ _91\"> </span><span class=\"fc0 ls10 ws14\">1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>4,404 </span></span>Issue<span class=\"_ _5\"></span>d capit<span class=\"_ _5\"></span>al<span class=\"_ _252\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _167\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,11<span class=\"_ _4\"></span>0<span class=\"_ _92\"> </span><span class=\"fc0 lsf ws13\">2,084</span></span>Share premium<span class=\"_ _253\"> </span><span class=\"ls59 ws62\">4<span class=\"_ _3\"></span>75,989<span class=\"_ _86\"> </span>5,645<span class=\"_ _91\"> </span><span class=\"fc0 ls75 ws82\">47<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>Ret<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ea<span class=\"_ _5\"></span>rnin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _254\"> </span>1<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>8,272<span class=\"_ _7c\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span><span class=\"fc0 ls79 ws87\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>,552 </span></span>Hedgin<span class=\"_ _5\"></span>g res<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _253\"> </span>70,02<span class=\"_ _5\"></span>0<span class=\"_ _245\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>872<span class=\"_ _65\"> </span><span class=\"fc0 ls1c ws26\">9<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> </span></span>Remeasurement on re<span class=\"_ _5\"></span>tirement obligation<span class=\"_ _5\"></span>s<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _95\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>41,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _86\"> </span><span class=\"fc0 ls7c ws8a\">3,<span class=\"_ _5\"></span>825 </span></span>Cumu<span class=\"_ _3\"></span>lative translati<span class=\"_ _3\"></span>on adjustment<span class=\"_ _46\"> </span>-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>070<span class=\"_ _35\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81<span class=\"_ _166\"> </span><span class=\"fc0 ls76 ws84\">2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11<span class=\"_ _4\"></span> </span></span>NON-CONTROLLING INTERESTS<span class=\"_ _255\"> </span><span class=\"fc3 ls5c ws65\">22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>318<span class=\"_ _65\"> </span>19,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _83\"> </span></span><span class=\"lsf ws13\">2<span class=\"_ _5\"></span>,622 </span>GROUP EQ<span class=\"_ _3\"></span>UITY<span class=\"_ _256\"> </span>1,776<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>26<span class=\"_ _5\"></span>5<span class=\"_ _235\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _3\"></span>,599<span class=\"_ _8\"></span>,239<span class=\"_ _7f\"> </span><span class=\"fc0 ls3 ws3\">1<span class=\"_ _3\"></span>77<span class=\"_ _8\"></span>,026 </span></span>NON-CURRENT LIABILITIES<span class=\"_ _257\"> </span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _7f\"> </span><span class=\"ls5c ws65\">78<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,718<span class=\"_ _7f\"> </span></span><span class=\"ls5a ws63\">22<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span> </span>Retir<span class=\"_ _5\"></span>ement obli<span class=\"_ _5\"></span>gation<span class=\"_ _5\"></span>s<span class=\"_ _1b3\"> </span>(<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1)<span class=\"_ _1d9\"> </span>6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>523<span class=\"_ _65\"> </span><span class=\"lsb wsc\">65<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>67<span class=\"_ _2e\"> </span><span class=\"fc0 ls8b ws99\">-<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Provisions<span class=\"_ _4f\"> </span>(<span class=\"_ _5\"></span>23)<span class=\"_ _1d9\"> </span>42,985<span class=\"_ _65\"> </span><span class=\"ls7f ws8d\">3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>2<span class=\"_ _166\"> </span><span class=\"fc0 ls8b ws99\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _17\"> </span>(18)<span class=\"_ _2e\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls7f ws8d\">57<span class=\"_ _5\"></span>7,970<span class=\"_ _258\"> </span><span class=\"fc0 ls76 ws84\">2<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span> </span></span>Non-<span class=\"_ _5\"></span>current f<span class=\"_ _5\"></span>inancial derivat<span class=\"_ _5\"></span>ives<span class=\"_ _259\"> </span>(19)<span class=\"_ _233\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _84\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _c0\"> </span><span class=\"fc0 ls75 ws82\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _25a\"> </span>-<span class=\"_ _22\"> </span><span class=\"ls1ab ws1d1\">2<span class=\"_ _5\"></span>,608<span class=\"_ _31\"> </span><span class=\"fc0 ls1d3 ws1f9\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8 </span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _25b\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _86\"> </span><span class=\"ls1b0 ws1d6\">2<span class=\"_ _8\"></span>4,260<span class=\"_ _88\"> </span><span class=\"fc0 lsc6 wsd1\">2<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>01<span class=\"_ _5\"></span> </span></span>Ot<span class=\"_ _5\"></span>her non-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>rent f<span class=\"_ _5\"></span>inancial liabili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _25c\"> </span>(8)<span class=\"_ _29\"> </span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>38<span class=\"_ _92\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27<span class=\"_ _20\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span></span>Def<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed ta<span class=\"_ _5\"></span>x liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _25d\"> </span>(10)<span class=\"_ _22\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _35\"> </span><span class=\"ls34 ws3e\">7<span class=\"_ _8\"></span>4,21<span class=\"_ _8\"></span>4<span class=\"_ _167\"> </span><span class=\"fc0 ls49 ws51\">-7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> </span></span>CURRENT LIABILITIES<span class=\"_ _25e\"> </span>1,718<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>53<span class=\"_ _77\"> </span><span class=\"lsf ws13\">1,663,6<span class=\"_ _5\"></span>40<span class=\"_ _84\"> </span></span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _17\"> </span>(18)<span class=\"_ _20\"> </span>252<span class=\"_ _5\"></span>,870<span class=\"_ _7e\"> </span><span class=\"ls34 ws3e\">343,<span class=\"_ _3\"></span>340<span class=\"_ _96\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> </span></span>Current financial der<span class=\"_ _5\"></span>ivati<span class=\"_ _5\"></span>ves<span class=\"_ _228\"> </span>(<span class=\"_ _5\"></span>19)<span class=\"_ _3d\"> </span>31,57<span class=\"_ _5\"></span>9<span class=\"_ _c0\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0 ls76 ws84\">19<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span> </span></span>Interes<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _25a\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls1b1 ws1d7\">1,8<span class=\"_ _5\"></span>92<span class=\"_ _233\"> </span><span class=\"fc0 ls1c1 ws1e9\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span></span>Forex/f<span class=\"_ _5\"></span>uel hedges<span class=\"_ _1ae\"> </span>31,<span class=\"_ _5\"></span>579<span class=\"_ _166\"> </span><span class=\"ls1b2 ws1d8\">10,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span><span class=\"fc0 ls1a9 ws1cf\">2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> </span></span>Provisions<span class=\"_ _4f\"> </span>(<span class=\"_ _5\"></span>23)<span class=\"_ _38\"> </span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _92\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _38\"> </span><span class=\"fc0 ls7f ws8d\">976<span class=\"_ _5\"></span> </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _1d7\"> </span>(12<span class=\"_ _5\"></span>)<span class=\"_ _20\"> </span>323,300<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>95<span class=\"_ _7f\"> </span><span class=\"fc0\">14<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>05<span class=\"_ _5\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _1d7\"> </span>(<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>)<span class=\"_ _33\"> </span>72<span class=\"_ _5\"></span>,53<span class=\"_ _5\"></span>9<span class=\"_ _163\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _95\"> </span><span class=\"fc0 ls36 ws3d\">-28,528 </span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables<span class=\"_ _1ae\"> </span>777<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>05<span class=\"_ _7e\"> </span><span class=\"ls37 ws83\">772,905<span class=\"_ _88\"> </span><span class=\"fc0 ls3 ws3\">4,8<span class=\"_ _5\"></span>00 </span></span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _d0\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _65\"> </span><span class=\"ls58 ws61\">94<span class=\"_ _5\"></span>,026<span class=\"_ _166\"> </span></span><span class=\"fc0\">4<span class=\"_ _5\"></span>,767<span class=\"_ _5\"></span> </span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _9c\"> </span><span class=\"ls75 ws82\">(10)<span class=\"_ _33\"> </span><span class=\"ls7f ws8d\">66<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>1<span class=\"_ _c0\"> </span>76,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0<span class=\"_ _2e\"> </span></span><span class=\"fc0\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> </span></span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _e5\"> </span>(22)<span class=\"_ _31\"> </span>89,9<span class=\"_ _5\"></span>82<span class=\"_ _c0\"> </span><span class=\"ls75 ws82\">78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _35\"> </span><span class=\"fc0 ls76 ws84\">11,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span></span>TOT<span class=\"_ _2\"></span>AL LIABILITIE<span class=\"_ _5\"></span>S<span class=\"_ _1cb\"> </span>2<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _1f2\"> </span>2<span class=\"_ _5\"></span>,450,358<span class=\"_ _73\"> </span><span class=\"fc0 lsdc wse7\">2<span class=\"_ _7\"> </span>8<span class=\"_ _7\"> </span>3<span class=\"_ _13\"> </span>,1<span class=\"_ _4\"></span>5<span class=\"_ _7\"> </span>5<span class=\"_ _7\"> </span> </span>TOT<span class=\"_ _2\"></span>AL GROUP EQUITY AND LIABILITIES<span class=\"_ _b8\"> </span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _1ed\"> </span>4<span class=\"_ _5\"></span>,049,<span class=\"_ _5\"></span>597<span class=\"_ _74\"> </span><span class=\"fc0 lsdc wse7\">4<span class=\"_ _13\"> </span>6<span class=\"_ _13\"> </span>0<span class=\"_ _13\"> </span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"> </span>1<span class=\"_ _7\"> </span> </span>X<span class=\"_ _5\"></span>BR<span class=\"_ _5\"></span>U BE0<span class=\"_ _5\"></span>97<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>41<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>453Vinci Construction SAS<span class=\"_ _214\"> </span>12<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>%<span class=\"_ _257\"> </span><span class=\"ff75 ls158 ws16e\">E<span class=\"_ _3\"></span>URONEXT BRUSSELS</span><span class=\"lscd wsd8\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>.77<span class=\"_ _5\"></span>%</span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%DE<span class=\"_ _5\"></span>ME N<span class=\"_ _5\"></span>V62.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>2%",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-14-1": {
   "value": "While the company\u2019s roots are in Belgium, DEME has built a strong presence in all of the world\u2019s seas and continents. ",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-1": {
   "value": "Up to June 29, 2022, the parent company of the DEME Group was Dredging, Environmental and Marine Engineering NV (DEME NV). Since then, a new holding company, DEME Group NV, has come on top of DEME NV as a result of the partial demerger of CFE NV, that transferred its 100% stake in DEME NV to DEME Group NV. Reference is made to note (16) Share capital and reserves, for more information about this transaction and the current shareholder structure of the DEME Group. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-16-1": {
   "value": "Both the head office and registered address of the new parent company, DEME Group NV, as well as DEME NV, a 100% affiliate of DEME Group NV, are Schelded\ue716k 30, Zw\ue716ndrecht,",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-16-2": {
   "value": "Both the head office and registered address of the new parent company, DEME Group NV, as well as DEME NV, a 100% affiliate of DEME Group NV, are Schelded\ue716k 30, Zw\ue716ndrecht,",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-18-1": {
   "value": "Belgium.",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-3": {
   "value": "The consolidated key figures, consolidated statement of income, consolidated statement of financial position and consolidated statement of cash flows together with the management reporting and segment reporting were presented to the Board of Directors of February 17, 2023. The full financial information report including all explanatory notes is presented and authorised for publication by the Board of Directors on March 27, 2023.GENERAL STATEMENT",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-2": {
   "value": "STATEMENT OF COMPLIANCEThe consolidated financial statements and the accompanying explanatory notes have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU-IFRS).",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-2": {
   "value": "BASIS OF PREPARATIONThe Group has prepared the consolidated financial statements on the basis that it will continue to operate as a going concern.The consolidated financial statements are presented in thousands of EUR. They are prepared on the historical cost basis except for derivative financial instruments which are stated at fair value.The consolidated financial statements are prepared as of and for the period ending December 31,2022. They are presented before the effect of the profit appropriation proposed to the Shareholders\u2019 General Meeting.In application of IFRS 1 first-time adoption of International Financial Reporting Standards, the Group has applied consistent accounting principles, based on IFRS-EU, for all the periods presented in these financial statements except for the adoption of new standards effective as of January 1, 2022. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective.Below amendments apply for the first time in 2022, but do not have an impact on the consolidated financial statements of the Group: \u2012 Amendments to IFRS 3 business combinations, reference to the conceptual framework; \u2012 Amendments to IAS 16 property, plant and equipment, proceeds before intended use; \u2012 Amendments to IAS 37 provisions, onerous contracts and costs of fulfilling a contract; \u2012 IFRS 9 financial instruments, fees in the \u201910 per cent\u2019 test for derecognition of financial liabilities; \u2012 IAS 41 agriculture, taxation in fair value measurements; \u2012 IFRS 16 leases, the amendment to \u201cillustrative example 13\u201d.The standards and interpretations that are issued, but not yet effective, as of December 31, 2022, are disclosed below: \u2012 Amendments to IAS 1 presentation of financial statements and IFRS practice statement 2: disclosure of accounting policies, effective January 1, 2023; \u2012 Amendments to IAS 8 accounting policies, changes in accounting estimates and errors: definition of accounting estimates, effective January 1, 2023;  \u2012 Amendments to IAS 12 income taxes: deferred tax related to assets and liabilities arising from a single transaction, effective January 1, 2023; \u2012 IFRS 17 insurance contracts, effective January 1, 2023; \u2012 Amendments to IFRS 17 insurance contracts: initial application of IFRS 17 and IFRS 9, comparative information, effective January 1, 2023; \u2012 Amendments to IFRS 16 leases: lease liability in a sale and leaseback, effective January 1, 2024 (*); \u2012 Amendments to IAS 1:non-current liabilities with covenants and classification of liabilities as current or non-current (deferred), effective January 1, 2024 (*).(*) The amendments to the standard have not yet been endorsed.The Group intends to adopt these standards and interpretations, if applicable, when they become effective. None of these standards issued, but not yet effective, are expected to have a material impact on the financial statements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-3": {
   "value": "BASIS OF PREPARATIONThe Group has prepared the consolidated financial statements on the basis that it will continue to operate as a going concern.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-2": {
   "value": "SIGNIFIC<span class=\"_ _5\"></span>ANT JUDGMENTS A<span class=\"_ _5\"></span>ND ESTIMA<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>SThe preparation of<span class=\"_ _3\"></span> financial statements under IF<span class=\"_ _3\"></span>RSs req<span class=\"_ _5\"></span>uire<span class=\"_ _5\"></span>s es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>s to be u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>umpt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to be made t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>wn in th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial st<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cular<span class=\"_ _5\"></span>ly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>gard to t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ollo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g items<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the ass<span class=\"_ _5\"></span>essment of projects revenue acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the </span></span>per<span class=\"_ _5\"></span>cent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on: in a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>danc<span class=\"_ _5\"></span>e wit<span class=\"_ _5\"></span>h the prov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _3\"></span>5, th<span class=\"_ _5\"></span>e reven<span class=\"_ _5\"></span>ue of p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is measured accord<span class=\"_ _3\"></span>ing to<span class=\"_ _3\"></span> the estimated reve<span class=\"_ _3\"></span>nue at the<span class=\"_ _8\"></span> completion of the<span class=\"_ _8\"></span> projec<span class=\"_ _5\"></span>t, according to<span class=\"_ _3\"></span> the percentage of completion at<span class=\"_ _8\"></span> the closing date. The<span class=\"_ _3\"></span> identified addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are in<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d revenue<span class=\"_ _3\"></span> at completion. On the<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>asis of the<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>tual conditions that<span class=\"_ _3\"></span> are defined for each<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>, any<span class=\"_ _8\"></span> compensation granted or<span class=\"_ _2\"></span>, conversely<span class=\"_ _8\"></span>, penalties charged for d<span class=\"_ _5\"></span>elay<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so in<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue at c<span class=\"_ _5\"></span>ompl<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ion in l<span class=\"_ _5\"></span>ine w<span class=\"_ _5\"></span>ith t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>luat<span class=\"_ _5\"></span>ion r<span class=\"_ _5\"></span>ule<span class=\"_ _5\"></span>s of the D<span class=\"_ _5\"></span>EME gro<span class=\"_ _5\"></span>up. I<span class=\"_ _5\"></span>n the ev<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>hat th<span class=\"_ _5\"></span>e for<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>how<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>cit<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d los<span class=\"_ _5\"></span>s on c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>let<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d as an ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f lab<span class=\"_ _5\"></span>our o<span class=\"_ _5\"></span>r mate<span class=\"_ _5\"></span>rial/equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e exclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d fro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>age o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, an<span class=\"_ _5\"></span>d are dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e for the period; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od ove<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are </span></span>depreciated or<span class=\"_ _3\"></span> amortis<span class=\"_ _5\"></span>ed; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the es<span class=\"_ _5\"></span>timate<span class=\"_ _3\"></span> being the d<span class=\"_ _3\"></span>iscount rate a<span class=\"_ _3\"></span>nd the judg<span class=\"_ _3\"></span>ment </span></span>of th<span class=\"_ _5\"></span>e lea<span class=\"_ _5\"></span>se te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the measurement of provisions<span class=\"_ _8\"></span> and pension obligations;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed in i<span class=\"_ _5\"></span>mpai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt te<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n </span></span>car<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. For a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e the l<span class=\"_ _5\"></span>ower o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e in use o<span class=\"_ _5\"></span>r the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s to s<span class=\"_ _5\"></span>ell w<span class=\"_ _5\"></span>as l<span class=\"_ _5\"></span>ower t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>, im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d. The m<span class=\"_ _5\"></span>ain as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ed ar<span class=\"_ _5\"></span>e des<span class=\"_ _5\"></span>cr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ed in n<span class=\"_ _5\"></span>ote (5); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sme<span class=\"_ _5\"></span>nt of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes </span></span>or u<span class=\"_ _3\"></span>ncertain<span class=\"_ _8\"></span> tax positions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the ass<span class=\"_ _5\"></span>essment of control.</span></span>These estimates assume the operation i<span class=\"_ _3\"></span>s a going<span class=\"_ _8\"></span> concern and ar<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e bas<span class=\"_ _5\"></span>is of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ion av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>t the time.Es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s may be r<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d if t<span class=\"_ _5\"></span>he cir<span class=\"_ _5\"></span>cums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s on wh<span class=\"_ _5\"></span>ich they were<span class=\"_ _3\"></span> based alter or if ne<span class=\"_ _3\"></span>w informationbecom<span class=\"_ _5\"></span>es available. Es<span class=\"_ _5\"></span>timates take into account changes in the m<span class=\"_ _3\"></span>acroeconomic and<span class=\"_ _3\"></span> geopolitical environment. Ac<span class=\"_ _5\"></span>tual re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may be d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>2 \u2013 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>ACT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETS <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>CONTR<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Contract assets <span class=\"ff70 ls3 ws3\">an<span class=\"_ _5\"></span>d </span>contract liabilities <span class=\"ff70 ls3 ws3\">rela<span class=\"_ _5\"></span>te in co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IF<span class=\"_ _5\"></span>RS 15 </span>revenue from<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s with customers to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k in pro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s ren<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Work in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>ws t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue recognised on those contracts <span class=\"ls170 ws185\">less progress billings, advanc<span class=\"_ _3\"></span>e payments and<span class=\"_ _3\"></span> potential pro<span class=\"_ _3\"></span>visions for losses. <span class=\"ff73 ls3 ws3\">Adv<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d <span class=\"ff70\">ar<span class=\"_ _5\"></span>e </span></span></span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ou<span class=\"_ _5\"></span>t a dive<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, al<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng e.<span class=\"_ _5\"></span>g. na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>, ty<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns an<span class=\"_ _5\"></span>d geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>ginni<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by mi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>one p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls34 ws3e\">344,7<span class=\"_ _8\"></span>51<span class=\"_ _8\"></span> <span class=\"_ _18\"> </span><span class=\"ls3 ws3\">326<span class=\"_ _5\"></span>,685 </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">-3<span class=\"_ _8\"></span>23,300 <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _2bb\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span> </span></span>Net balance<span class=\"_ _1a9\"> </span><span class=\"ls69 ws75\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8 <span class=\"_ _41\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>523 </span></span>Contract assets <span class=\"ff70 lsb1 wsbe\">are the Group\u2019s<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>ight to<span class=\"_ _3\"></span> consideration in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _3\"></span> for goods or services that the entity has<span class=\"_ _3\"></span> transferred to a customer </span>when that right<span class=\"_ _8\"></span> is conditioned on something other tha<span class=\"_ _3\"></span>n the passage of time.<span class=\"_ _3\"></span> A contract asset arises when the Group performed work<span class=\"_ _5\"></span>s for a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e to dat<span class=\"_ _5\"></span>e but a<span class=\"_ _5\"></span>re n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>d or p<span class=\"_ _5\"></span>aid<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the rat<span class=\"_ _5\"></span>e at w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>lf<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>d or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice to t<span class=\"_ _5\"></span>he customers<span class=\"_ _5\"></span>. When the<span class=\"_ _3\"></span>re is no<span class=\"_ _8\"></span> tr<span class=\"_ _5\"></span>ansfer of control throug<span class=\"_ _3\"></span>hout the contract, revenue is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>till recognised <span class=\"ls194 ws1ac\">over time<span class=\"ls3 ws3\">, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat </span></span>the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d has n<span class=\"_ _5\"></span>o alt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s an en<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>ceab<span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ance comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to dat<span class=\"_ _5\"></span>e. Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tur<span class=\"_ _5\"></span>n in<span class=\"_ _5\"></span>to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.Contract liabilities <span class=\"ff70 ls3 ws3\">are th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s obl<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r fo<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ha<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved </span>consideration from the<span class=\"_ _3\"></span> customer<span class=\"_ _8\"></span>. A contract liabil<span class=\"_ _3\"></span>ity arises when the Group has<span class=\"_ _8\"></span> invoiced the customer or<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>ceived payment<span class=\"_ _3\"></span> from them whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k wa<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t don<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>oice<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d/or paym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed to d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>vis<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed for e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k in pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s as s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey a<span class=\"_ _5\"></span>re fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>en an<span class=\"_ _5\"></span>d if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, any pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it al<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>dy r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d is r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e are a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 24.<span class=\"_ _5\"></span>8 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed to 8<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>.The d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t (or lo<span class=\"_ _5\"></span>ss) is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>or pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le project<span class=\"_ _5\"></span>s only<span class=\"_ _8\"></span>, in propor<span class=\"_ _5\"></span>tion to<span class=\"_ _3\"></span> the stage of completion. These estimates and<span class=\"_ _3\"></span> judgments may<span class=\"_ _3\"></span> contain some unc<span class=\"_ _3\"></span>ert<span class=\"_ _5\"></span>ainties.2022 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>AC<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CON<span class=\"_ _5\"></span>TR<span class=\"_ _4\"></span>ACT LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES BY S<span class=\"_ _5\"></span>EG<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>NT(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1da\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _233\"> </span>34,38<span class=\"_ _3\"></span>7<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _20\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>61</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _18a\"> </span>23<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>379<span class=\"_ _86\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>97</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _19c\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _23\"> </span>20<span class=\"_ _5\"></span>,761<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsd9 wse4\">39<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _257\"> </span>32<span class=\"_ _5\"></span>6,6<span class=\"_ _5\"></span>85<span class=\"_ _31\"> </span>18,<span class=\"_ _3\"></span>066<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,751</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-51<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>5<span class=\"_ _c0\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>31,7<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2bc\"> </span>-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _2b\"> </span>41<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _291\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>67</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-5,327<span class=\"_ _26\"> </span>-2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _81\"> </span>-<span class=\"_ _2\"></span>142,205<span class=\"_ _c1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _e0\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>0</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1b3\"> </span>-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _233\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>392<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">-53,098</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2be\"> </span>-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _38\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>6<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls1e ws28\">-18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _87\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>13<span class=\"_ _48\"> </span>640<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">-<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-<span class=\"_ _8\"></span>101,0<span class=\"_ _5\"></span>67<span class=\"_ _31\"> </span>28,528<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls1a3 ws153\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9</span></span>2022<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _2be\"> </span>-<span class=\"_ _4\"></span>62<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>391<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _84\"> </span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1c9\"> </span>94,<span class=\"_ _5\"></span>222<span class=\"_ _55\"> </span>5,54<span class=\"_ _5\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _4\"></span>9,7<span class=\"_ _5\"></span>62</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1c6\"> </span>12,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _3d\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">31,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>8</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523<span class=\"_ _88\"> </span>-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>611<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls69 ws75\">-51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>\u2018B<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>-r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e cat<span class=\"_ _5\"></span>ch up a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m a cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n the m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, a chan<span class=\"_ _5\"></span>ge in an<span class=\"_ _3\"></span> estimate of the transaction price (i<span class=\"_ _3\"></span>ncluding a<span class=\"_ _3\"></span>ny cha<span class=\"_ _3\"></span>nges in the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sessment of whether an estimate of<span class=\"_ _3\"></span> variable consideration<span class=\"_ _3\"></span> is constrained) or a c<span class=\"_ _3\"></span>ontract modif<span class=\"_ _5\"></span>ication.The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022, is mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e US of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot y<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y operational at the<span class=\"_ _8\"></span> end of 202<span class=\"_ _8\"></span>2, but for which a<span class=\"_ _3\"></span> consideration was a<span class=\"_ _3\"></span>lready received.Due t<span class=\"_ _5\"></span>o the h<span class=\"_ _5\"></span>igh n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of i<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (wi<span class=\"_ _5\"></span>th a<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g nat<span class=\"_ _5\"></span>ure, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt conditions)<span class=\"_ _8\"></span> a more detailed description of changes in<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and contract lia<span class=\"_ _3\"></span>bilities compared to<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ior year<span class=\"_ _8\"></span> is not deemed relevant.Ar<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d 55% of the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, me<span class=\"_ _5\"></span>anin<span class=\"_ _5\"></span>g the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>o be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e up<span class=\"_ _5\"></span>comi<span class=\"_ _5\"></span>ng ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt ongoing construction contract<span class=\"_ _5\"></span>s for which c<span class=\"_ _3\"></span>ontract asse<span class=\"_ _5\"></span>ts and contract liabil<span class=\"_ _3\"></span>ities are booked, is<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpec<span class=\"_ _5\"></span>ted to be<span class=\"_ _3\"></span> fulfilled by the Group<span class=\"_ _3\"></span> ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by 20<span class=\"_ _5\"></span>% in 2024, 1<span class=\"_ _8\"></span>5% in 2025 and 10% b<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022 are e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o fol<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar tim<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f.2021 CONTR<span class=\"_ _4\"></span>ACT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS A<span class=\"_ _5\"></span>ND CO<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S BY SEG<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit )2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _18a\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>331<span class=\"_ _92\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _29a\"> </span>13<span class=\"_ _3\"></span>5,31<span class=\"_ _8\"></span>0<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls1c ws26\">2<span class=\"_ _5\"></span>39<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _2bf\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _23\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _66\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>7<span class=\"_ _33\"> </span>74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d\"> </span><span class=\"ls84 ws92\">326,6<span class=\"_ _5\"></span>85</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _17\"> </span>-7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _88\"> </span>-43,296<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _83\"> </span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>75</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1a3\"> </span>-<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4,269<span class=\"_ _33\"> </span>19,<span class=\"_ _5\"></span>576<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51<span class=\"_ _4b\"> </span>-<span class=\"_ _5\"></span>576<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _26\"> </span><span class=\"ls59 ws62\">-5,32<span class=\"_ _3\"></span>7</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _32\"> </span><span class=\"ls34 ws3e\">-24,296<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span></span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>5</span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _88\"> </span>-4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>279<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>41<span class=\"_ _38\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>477<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1be\"> </span>-<span class=\"_ _4\"></span>430<span class=\"_ _43\"> </span>-6<span class=\"_ _5\"></span>83<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1bf\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c0\"> </span>-6<span class=\"_ _5\"></span>0,582<span class=\"_ _20\"> </span>-4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>485<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _81\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>101,067</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _25d\"> </span>6<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _2d\"> </span>-12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-3<span class=\"_ _8\"></span>5,9<span class=\"_ _5\"></span>00<span class=\"_ _32\"> </span>1<span class=\"_ _3\"></span>30,<span class=\"_ _2\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"ls57 ws60\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>222</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _d7\"> </span>2<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span>9,76<span class=\"_ _5\"></span>7<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>92</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>34,366<span class=\"_ _3d\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-2": {
   "value": "PRINCIPLES OF CONSOLIDATIONThe consolidated financial statements incorporate the financial statements of the Company and of subsidiaries which are entities controlled by the Company (fully consolidated entities).Control is achieved when the Company: \u2012 has power over the investee; \u2012 is exposed, or has rights, to variable returns from its involvement with the investee; \u2012 has the ability to use its power to affect its returns.The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases whenthe Company loses control of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of income and other comprehensive income from the date the Company gains control until the date when the Company ceases to control the subsidiary.Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with the Group\u2019s accounting policies.All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full in the consolidated financial statements.Changes in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their respective interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs).An investment retained is initially measured at fair value. This fair value becomes the initial carrying amount at the date when control is lost and for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset.Associated companies are those in which the DEME Group has significant influence. The significant influence is the power to take part in financial and operating policies of a company without having control or joint control over these policies.A joint venture is a joint arrangement whereby the parties exerting joint control over the arrangement have rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control.Assets, liabilities, revenues and expenses from joint ventures and associates are accounted for under the equity method in the consolidated financial statements. Under the equity method, an investment in a joint venture or associate is firstly recorded at cost in the consolidated financial statement and then adjusted to record the share of the Group in the net result and in the comprehensive income of the associate or joint venture. When the Group\u2019s share of losses of an associate or a joint venture exceeds the Group\u2019s interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Group\u2019s net investment in the associate or joint venture), the Group discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture. These losses are recorded as other non-current financial liability on the balance sheet instead of a negative investment within non-current financial assets (note (8)).The proportionate consolidation method whereby the Group accounts for the assets, liabilities, revenues and expenses according to its interest in the joint venture, is not allowed under IFRS but is still applied in the management reporting which is the basis for the segment reporting. Interests in joint ventures or associates are accounted for from the date when the entity becomes a joint venture or associate. At the acquisition of the interest, any surplus between the cost of the investment and the share in the fair value of net assets of the entity is recorded as goodwill included in the carrying amount of the investment. Any surplus between the share of the Group in the fair value of net assets and the cost of the investment after remeasurement is immediately recorded in the income statement during the period of acquisition of the investment.The Group continues to use the equity method when an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate. There is no remeasurement to fair value upon such changes in ownership interests. When the Group reduces its ownership interest in an associate or a joint venture but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities.When a group entity transacts with an associate or a joint venture of the Group, profits and losses resulting from the transactions with the associate or joint venture are recognised in the Group\u2019s consolidated financial statements only to the extent of interests in the associate or joint venture that are not related to the Group. The gross amount on transactions with associates or joint ventures is not eliminated; only any gain or loss on these transactions is eliminated.A joint operation is a joint arrangement in which the parties (joint operators) have direct rights over the assets and direct obligations with respect to the entity\u2019s liabilities. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. When a DEME Group entity starts activity in a joint operation, the Group recognises, in relation to its interest in the joint operation: \u2012 its assets, including its share of any assets held jointly; \u2012 its liabilities, including its share of any liabilities incurred held jointly; \u2012 its revenue from the sale of its share of the output arising from the joint operation; \u2012 its share of the revenue from the sale of its share of the output by the joint operation; \u2012 its expenses, including its share of any expenses incurred jointly.The Group accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a sale or contribution of assets), the Group is considered to be conducting the transaction with the other parties to the joint operation, and gains and losses resulting from the transactions are recognised in the Group\u2019s consolidated financial statements only to the extent of other parties\u2019 interests in the joint operation.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a purchase of assets), the Group does not recognise its share of the gains and losses until it resells those assets to a third party.Within the DEME Group there are also project driven construction consortiums that are not structured as a separate legal entity. They are directly integrated in the figures of the DEME subsidiary that is participating in the consortium. They are considered as joint operations and thus follow the accounting method described above (integration on a line-by-line basis).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-4": {
   "value": "PRINCIPLES OF CONSOLIDATIONAssociated companies are those in which the DEME Group has significant influence. The significant influence is the power to take part in financial and operating policies of a company without having control or joint control over these policies.A joint venture is a joint arrangement whereby the parties exerting joint control over the arrangement have rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control.Assets, liabilities, revenues and expenses from joint ventures and associates are accounted for under the equity method in the consolidated financial statements. Under the equity method, an investment in a joint venture or associate is firstly recorded at cost in the consolidated financial statement and then adjusted to record the share of the Group in the net result and in the comprehensive income of the associate or joint venture. When the Group\u2019s share of losses of an associate or a joint venture exceeds the Group\u2019s interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Group\u2019s net investment in the associate or joint venture), the Group discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture. These losses are recorded as other non-current financial liability on the balance sheet instead of a negative investment within non-current financial assets (note (8)).The proportionate consolidation method whereby the Group accounts for the assets, liabilities, revenues and expenses according to its interest in the joint venture, is not allowed under IFRS but is still applied in the management reporting which is the basis for the segment reporting. Interests in joint ventures or associates are accounted for from the date when the entity becomes a joint venture or associate. At the acquisition of the interest, any surplus between the cost of the investment and the share in the fair value of net assets of the entity is recorded as goodwill included in the carrying amount of the investment. Any surplus between the share of the Group in the fair value of net assets and the cost of the investment after remeasurement is immediately recorded in the income statement during the period of acquisition of the investment.The Group continues to use the equity method when an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate. There is no remeasurement to fair value upon such changes in ownership interests. When the Group reduces its ownership interest in an associate or a joint venture but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities.When a group entity transacts with an associate or a joint venture of the Group, profits and losses resulting from the transactions with the associate or joint venture are recognised in the Group\u2019s consolidated financial statements only to the extent of interests in the associate or joint venture that are not related to the Group. The gross amount on transactions with associates or joint ventures is not eliminated; only any gain or loss on these transactions is eliminated.A joint operation is a joint arrangement in which the parties (joint operators) have direct rights over the assets and direct obligations with respect to the entity\u2019s liabilities. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. When a DEME Group entity starts activity in a joint operation, the Group recognises, in relation to its interest in the joint operation: \u2012 its assets, including its share of any assets held jointly; \u2012 its liabilities, including its share of any liabilities incurred held jointly; \u2012 its revenue from the sale of its share of the output arising from the joint operation; \u2012 its share of the revenue from the sale of its share of the output by the joint operation; \u2012 its expenses, including its share of any expenses incurred jointly.The Group accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a sale or contribution of assets), the Group is considered to be conducting the transaction with the other parties to the joint operation, and gains and losses resulting from the transactions are recognised in the Group\u2019s consolidated financial statements only to the extent of other parties\u2019 interests in the joint operation.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a purchase of assets), the Group does not recognise its share of the gains and losses until it resells those assets to a third party.Within the DEME Group there are also project driven construction consortiums that are not structured as a separate legal entity. They are directly integrated in the figures of the DEME subsidiary that is participating in the consortium. They are considered as joint operations and thus follow the accounting method described above (integration on a line-by-line basis).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-5": {
   "value": "PRINCIPLES OF CONSOLIDATIONChanges in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their respective interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-6": {
   "value": "PRINCIPLES OF CONSOLIDATIONThe consolidated financial statements incorporate the financial statements of the Company and of subsidiaries which are entities controlled by the Company (fully consolidated entities).Control is achieved when the Company: \u2012 has power over the investee; \u2012 is exposed, or has rights, to variable returns from its involvement with the investee; \u2012 has the ability to use its power to affect its returns.The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases whenthe Company loses control of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of income and other comprehensive income from the date the Company gains control until the date when the Company ceases to control the subsidiary.Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with the Group\u2019s accounting policies.All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full in the consolidated financial statements.Changes in the Group\u2019s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group\u2019s interests and the non-controlling interests are adjusted to reflect the changes in their respective interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill) and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs).An investment retained is initially measured at fair value. This fair value becomes the initial carrying amount at the date when control is lost and for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-7": {
   "value": "PRINCIPLES OF CONSOLIDATIONAssociated companies are those in which the DEME Group has significant influence. The significant influence is the power to take part in financial and operating policies of a company without having control or joint control over these policies.Assets, liabilities, revenues and expenses from joint ventures and associates are accounted for under the equity method in the consolidated financial statements. Under the equity method, an investment in a joint venture or associate is firstly recorded at cost in the consolidated financial statement and then adjusted to record the share of the Group in the net result and in the comprehensive income of the associate or joint venture. When the Group\u2019s share of losses of an associate or a joint venture exceeds the Group\u2019s interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Group\u2019s net investment in the associate or joint venture), the Group discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture. These losses are recorded as other non-current financial liability on the balance sheet instead of a negative investment within non-current financial assets (note (8)).The proportionate consolidation method whereby the Group accounts for the assets, liabilities, revenues and expenses according to its interest in the joint venture, is not allowed under IFRS but is still applied in the management reporting which is the basis for the segment reporting. Interests in joint ventures or associates are accounted for from the date when the entity becomes a joint venture or associate. At the acquisition of the interest, any surplus between the cost of the investment and the share in the fair value of net assets of the entity is recorded as goodwill included in the carrying amount of the investment. Any surplus between the share of the Group in the fair value of net assets and the cost of the investment after remeasurement is immediately recorded in the income statement during the period of acquisition of the investment.The Group continues to use the equity method when an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate. There is no remeasurement to fair value upon such changes in ownership interests. When the Group reduces its ownership interest in an associate or a joint venture but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities.When a group entity transacts with an associate or a joint venture of the Group, profits and losses resulting from the transactions with the associate or joint venture are recognised in the Group\u2019s consolidated financial statements only to the extent of interests in the associate or joint venture that are not related to the Group. The gross amount on transactions with associates or joint ventures is not eliminated; only any gain or loss on these transactions is eliminated.A joint operation is a joint arrangement in which the parties (joint operators) have direct rights over the assets and direct obligations with respect to the entity\u2019s liabilities. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. When a DEME Group entity starts activity in a joint operation, the Group recognises, in relation to its interest in the joint operation: \u2012 its assets, including its share of any assets held jointly; \u2012 its liabilities, including its share of any liabilities incurred held jointly; \u2012 its revenue from the sale of its share of the output arising from the joint operation; \u2012 its share of the revenue from the sale of its share of the output by the joint operation; \u2012 its expenses, including its share of any expenses incurred jointly.The Group accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a sale or contribution of assets), the Group is considered to be conducting the transaction with the other parties to the joint operation, and gains and losses resulting from the transactions are recognised in the Group\u2019s consolidated financial statements only to the extent of other parties\u2019 interests in the joint operation.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a purchase of assets), the Group does not recognise its share of the gains and losses until it resells those assets to a third party.Within the DEME Group there are also project driven construction consortiums that are not structured as a separate legal entity. They are directly integrated in the figures of the DEME subsidiary that is participating in the consortium. They are considered as joint operations and thus follow the accounting method described above (integration on a line-by-line basis).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-8": {
   "value": "PRINCIPLES OF CONSOLIDATIONA joint venture is a joint arrangement whereby the parties exerting joint control over the arrangement have rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control.Assets, liabilities, revenues and expenses from joint ventures and associates are accounted for under the equity method in the consolidated financial statements. Under the equity method, an investment in a joint venture or associate is firstly recorded at cost in the consolidated financial statement and then adjusted to record the share of the Group in the net result and in the comprehensive income of the associate or joint venture. When the Group\u2019s share of losses of an associate or a joint venture exceeds the Group\u2019s interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Group\u2019s net investment in the associate or joint venture), the Group discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture. These losses are recorded as other non-current financial liability on the balance sheet instead of a negative investment within non-current financial assets (note (8)).The proportionate consolidation method whereby the Group accounts for the assets, liabilities, revenues and expenses according to its interest in the joint venture, is not allowed under IFRS but is still applied in the management reporting which is the basis for the segment reporting. Interests in joint ventures or associates are accounted for from the date when the entity becomes a joint venture or associate. At the acquisition of the interest, any surplus between the cost of the investment and the share in the fair value of net assets of the entity is recorded as goodwill included in the carrying amount of the investment. Any surplus between the share of the Group in the fair value of net assets and the cost of the investment after remeasurement is immediately recorded in the income statement during the period of acquisition of the investment.The Group continues to use the equity method when an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate. There is no remeasurement to fair value upon such changes in ownership interests. When the Group reduces its ownership interest in an associate or a joint venture but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognised in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities.When a group entity transacts with an associate or a joint venture of the Group, profits and losses resulting from the transactions with the associate or joint venture are recognised in the Group\u2019s consolidated financial statements only to the extent of interests in the associate or joint venture that are not related to the Group. The gross amount on transactions with associates or joint ventures is not eliminated; only any gain or loss on these transactions is eliminated.A joint operation is a joint arrangement in which the parties (joint operators) have direct rights over the assets and direct obligations with respect to the entity\u2019s liabilities. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. When a DEME Group entity starts activity in a joint operation, the Group recognises, in relation to its interest in the joint operation: \u2012 its assets, including its share of any assets held jointly; \u2012 its liabilities, including its share of any liabilities incurred held jointly; \u2012 its revenue from the sale of its share of the output arising from the joint operation; \u2012 its share of the revenue from the sale of its share of the output by the joint operation; \u2012 its expenses, including its share of any expenses incurred jointly.The Group accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a sale or contribution of assets), the Group is considered to be conducting the transaction with the other parties to the joint operation, and gains and losses resulting from the transactions are recognised in the Group\u2019s consolidated financial statements only to the extent of other parties\u2019 interests in the joint operation.When a group entity transacts with a joint operation in which a group entity is a joint operator (such as a purchase of assets), the Group does not recognise its share of the gains and losses until it resells those assets to a third party.Within the DEME Group there are also project driven construction consortiums that are not structured as a separate legal entity. They are directly integrated in the figures of the DEME subsidiary that is participating in the consortium. They are considered as joint operations and thus follow the accounting method described above (integration on a line-by-line basis).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-43-3": {
   "value": "BUSINESS COMBINATIONS POLICYAcquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognised in the income statement as OPEX expenses as incurred.At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value, with the exception of: \u2012 deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognised and measured in accordance with IAS 12 income taxes and IAS 19 employee benefits respectively; \u2012 liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with IFRS 2 share-based payment at the acquisition date; \u2012 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 non-current assets held for sale and discontinued operations are measured in accordance with that standard.Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. Where goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating unit retained.Non-controlling interests that represent ownership interests and entitle their holders to a proportionate share of the entity\u2019s net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate share of the recognised amounts of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made transaction by transaction.When the consideration transferred by the Group in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as an asset or a liability is remeasured at subsequent reporting dates in accordance with IFRS 9, or IAS 37 provisions, contingent liabilities and contingent assets, as appropriate, with the corresponding gain or loss being recognised in profit or loss.When a business combination is achieved in stages, the Group\u2019s previously held equity interest in the acquiree is remeasured to its acquisition-date fair value and the resulting gain or loss, if any, is recognised in profit or loss. Amounts arising from interests in the acquiree prior to the acquisition date that have previously been recognised in other comprehensive income are reclassified to profit or loss where such treatment would be appropriate if that interest were disposed of.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted retrospectively during the measurement period (see above), or additional assets or liabilities are recognised, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognised at that date.As current IFRSs do not specify recognition and measurement principles in respect of business combinations between entities under common control (these are excluded from the scope of IFRS 3 business combinations), the Group applies predecessor accounting. This means that the assets and liabilities of the acquiree are initially recognised at their carrying amount without fair value adjustments. The difference between the acquisition/selling price and the carrying amount of the net assets acquired/disposed of is accounted for in equity as a compensation to the shareholder.GOODWILLGoodwill arising from a business combination is recognised as an asset on the date on which control was obtained (the acquisition date). Goodwill is measured at cost being the excess of the consideration transferred, the non-controlling interests in the acquired company and the fair value of the stake already owned by the Group in the acquired company (if any) over the net amount of identifiable assets acquired and liabilities assumed on the acquisition date.Non-controlling interests are initially measured either at fair value, or at the non-controlling interests\u2019 share of the acquiree\u2019s recognised identifiable net assets. The basis of measurement is selected transaction by transaction.If, after reassessment, the net balance, at the acquisition date, of identifiable assets acquired and liabilities assumed is higher than the sum of the consideration transferred, non-controlling interests in the acquiree and the fair value of the stake in the acquiree previously owned by the Group (if any), the surplus is recognised immediately in the income statement as a gain from a bargain purchase.Goodwill is not amortised but is subject to impairment tests taking place annually or more frequently if there is an indication that the cash-generating unit to which it is allocated could have suffered a loss of value.Goodwill is stated on the balance sheet at cost less accumulated impairment losses, if any. Impairment of goodwill is not reversed in future periods.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non-controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-43-4": {
   "value": "BUSINESS COMBINATIONS POLICYAcquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognised in the income statement as OPEX expenses as incurred.At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value, with the exception of: \u2012 deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognised and measured in accordance with IAS 12 income taxes and IAS 19 employee benefits respectively; \u2012 liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with IFRS 2 share-based payment at the acquisition date; \u2012 assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 non-current assets held for sale and discontinued operations are measured in accordance with that standard.Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. Where goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating unit retained.Non-controlling interests that represent ownership interests and entitle their holders to a proportionate share of the entity\u2019s net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests\u2019 proportionate share of the recognised amounts of the acquiree\u2019s identifiable net assets. The choice of measurement basis is made transaction by transaction.When the consideration transferred by the Group in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as an asset or a liability is remeasured at subsequent reporting dates in accordance with IFRS 9, or IAS 37 provisions, contingent liabilities and contingent assets, as appropriate, with the corresponding gain or loss being recognised in profit or loss.When a business combination is achieved in stages, the Group\u2019s previously held equity interest in the acquiree is remeasured to its acquisition-date fair value and the resulting gain or loss, if any, is recognised in profit or loss. Amounts arising from interests in the acquiree prior to the acquisition date that have previously been recognised in other comprehensive income are reclassified to profit or loss where such treatment would be appropriate if that interest were disposed of.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted retrospectively during the measurement period (see above), or additional assets or liabilities are recognised, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognised at that date.As current IFRSs do not specify recognition and measurement principles in respect of business combinations between entities under common control (these are excluded from the scope of IFRS 3 business combinations), the Group applies predecessor accounting. This means that the assets and liabilities of the acquiree are initially recognised at their carrying amount without fair value adjustments. The difference between the acquisition/selling price and the carrying amount of the net assets acquired/disposed of is accounted for in equity as a compensation to the shareholder.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-45-3": {
   "value": "FOREIGN C<span class=\"_ _8\"></span>URRENCIESFinancia<span class=\"_ _3\"></span>l statements of foreign entities<span class=\"_ _3\"></span> with a functional curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y n<span class=\"_ _5\"></span>ot eq<span class=\"_ _5\"></span>ual to t<span class=\"_ _5\"></span>he eur<span class=\"_ _5\"></span>o, are t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>ted as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e year-<span class=\"_ _5\"></span>end r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e aver<span class=\"_ _5\"></span>age </span></span>excha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e year<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ansl<span class=\"_ _5\"></span>ated a<span class=\"_ _5\"></span>t </span></span>histor<span class=\"_ _5\"></span>ical exchange rate<span class=\"_ _5\"></span>s.Exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>f any, are rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in other comprehens<span class=\"_ _3\"></span>ive income<span class=\"_ _3\"></span> and accu<span class=\"_ _3\"></span>mulated i<span class=\"_ _3\"></span>n equity (<span class=\"_ _3\"></span>and attributed to non-controlling<span class=\"_ _3\"></span> interests as appropriate<span class=\"_ _8\"></span>).On th<span class=\"_ _5\"></span>e disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (i.<span class=\"_ _5\"></span>e. a dis<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sal o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up's e<span class=\"_ _5\"></span>ntir<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n a for<span class=\"_ _5\"></span>eign o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, a disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al invol<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l over a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idiar<span class=\"_ _4\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation<span class=\"_ _8\"></span>), all of the<span class=\"_ _3\"></span> exchange<span class=\"_ _3\"></span> dif<span class=\"_ _5\"></span>ferences accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d in e<span class=\"_ _5\"></span>quit<span class=\"_ _5\"></span>y in r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f tha<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he ow<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mpany a<span class=\"_ _5\"></span>re rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed to p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In ca<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f a sub<span class=\"_ _5\"></span>sidia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y tha<span class=\"_ _5\"></span>t incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a foreign operation th<span class=\"_ _3\"></span>at does not result i<span class=\"_ _3\"></span>n the Group<span class=\"_ _3\"></span> losing control ove<span class=\"_ _3\"></span>r the subsid<span class=\"_ _3\"></span>iary, t<span class=\"_ _3\"></span>he proportionate share of accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d to non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lling i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or all o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als (i<span class=\"_ _5\"></span>.e<span class=\"_ _5\"></span>. par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>isp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als of associates or joint<span class=\"_ _8\"></span> ar<span class=\"_ _5\"></span>rangements that do<span class=\"_ _3\"></span> not result in<span class=\"_ _3\"></span> the Group losing<span class=\"_ _8\"></span> signif<span class=\"_ _5\"></span>icant influence or<span class=\"_ _3\"></span> joint control)<span class=\"_ _8\"></span>, the propor<span class=\"_ _5\"></span>tionate sha<span class=\"_ _3\"></span>re of the ac<span class=\"_ _3\"></span>cumul<span class=\"_ _3\"></span>ated excha<span class=\"_ _3\"></span>nge dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>ence<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ecla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d to pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t or lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Foreign cu<span class=\"_ _3\"></span>rrency transac<span class=\"_ _5\"></span>tions are ac<span class=\"_ _3\"></span>counted for<span class=\"_ _3\"></span> at exchange<span class=\"_ _3\"></span> rates prevail<span class=\"_ _3\"></span>ing at the<span class=\"_ _8\"></span> date of the transactions. Monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and li<span class=\"_ _3\"></span>abilities denom<span class=\"_ _3\"></span>inated in<span class=\"_ _8\"></span> for<span class=\"_ _5\"></span>eign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t date r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fro<span class=\"_ _5\"></span>m the s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>lem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f for<span class=\"_ _5\"></span>eign currency transac<span class=\"_ _5\"></span>tions and from the transl<span class=\"_ _3\"></span>ation of monetar<span class=\"_ _5\"></span>y asset<span class=\"_ _5\"></span>s and l<span class=\"_ _3\"></span>iabilities denom<span class=\"_ _3\"></span>inated i<span class=\"_ _3\"></span>n foreign curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>ome s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>- mo<span class=\"_ _5\"></span>net<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>red in t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s of his<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>st in a f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y are n<span class=\"_ _5\"></span>ot r<span class=\"_ _5\"></span>etr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d.In no<span class=\"_ _5\"></span>te (1<span class=\"_ _2\"></span>9) a ta<span class=\"_ _5\"></span>ble w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y to EU<span class=\"_ _5\"></span>R can b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 a<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-45-4": {
   "value": "FOREIGN CURRENCIESThe Group\u2019s consolidated financial statements are presented in euro, which is also the parent company\u2019s functional currency. For each entity, the Group determines the functional currency and items included in the financial statements of each entity are measured using that functional currency. The Group uses the direct method of consolidation and on disposal of a foreign operation, the gain or loss that is reclassified to profit or loss reflects the amount that arises from using this method.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-3": {
   "value": "INTANGIBLE ASSETSAcquired concessions, patents, licences and similar rightsThese intangibles, that are separately acquired and that have a finite useful life, are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight line basis over their estimated useful lives. These intangibles mainly relate to the acquired technology of the SPT Offshore business that is amortised over the economic lifetime of 10 years.Costs for configuring or customising a supplier\u2019s application software in a Software as a Service (SaaS) arrangement is determined as a service contract and expensed.Research and developmentExpenditure on research activities is recognised in the income statement as an OPEX expense as incurred.An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated: \u2012 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2012 the intention to complete the intangible asset and use or sell it; \u2012 the ability to use or sell the intangible asset; \u2012 how the intangible asset will generate probable future economic benefits; \u2012 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; \u2012 the ability to reliably measure the expenditure attributable to the intangible asset during its development.The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally- generated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Impairment testing is done during the development at each closing period.In the segment Concessions, some development expenses are capitalised in the associates DEME Concessions participates in, as well as in the participating entity itself that is fully consolidated. For each project, initial recognition has to be approved by the Audit Committee and impairment testing is discussed in the meeting on a semi-annual basis.Exploration for and evaluation of mineral resourcesIn the segment Concessions, DEME expenses costs incurred for the exploration and evaluation of mineral resources on the seabed since the recognition criteria are not met.GOODWILLGoodwill arising from a business combination is recognised as an asset on the date on which control was obtained (the acquisition date). Goodwill is measured at cost being the excess of the consideration transferred, the non-controlling interests in the acquired company and the fair value of the stake already owned by the Group in the acquired company (if any) over the net amount of identifiable assets acquired and liabilities assumed on the acquisition date.Non-controlling interests are initially measured either at fair value, or at the non-controlling interests\u2019 share of the acquiree\u2019s recognised identifiable net assets. The basis of measurement is selected transaction by transaction.If, after reassessment, the net balance, at the acquisition date, of identifiable assets acquired and liabilities assumed is higher than the sum of the consideration transferred, non-controlling interests in the acquiree and the fair value of the stake in the acquiree previously owned by the Group (if any), the surplus is recognised immediately in the income statement as a gain from a bargain purchase.Goodwill is not amortised but is subject to impairment tests taking place annually or more frequently if there is an indication that the cash-generating unit to which it is allocated could have suffered a loss of value.Goodwill is stated on the balance sheet at cost less accumulated impairment losses, if any. Impairment of goodwill is not reversed in future periods.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non-controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-4": {
   "value": "INTANGIBLE ASSETSAcquired concessions, patents, licences and similar rightsThese intangibles, that are separately acquired and that have a finite useful life, are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight line basis over their estimated useful lives. These intangibles mainly relate to the acquired technology of the SPT Offshore business that is amortised over the economic lifetime of 10 years.Costs for configuring or customising a supplier\u2019s application software in a Software as a Service (SaaS) arrangement is determined as a service contract and expensed.Research and developmentExpenditure on research activities is recognised in the income statement as an OPEX expense as incurred.An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated: \u2012 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2012 the intention to complete the intangible asset and use or sell it; \u2012 the ability to use or sell the intangible asset; \u2012 how the intangible asset will generate probable future economic benefits; \u2012 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; \u2012 the ability to reliably measure the expenditure attributable to the intangible asset during its development.The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally- generated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Impairment testing is done during the development at each closing period.In the segment Concessions, some development expenses are capitalised in the associates DEME Concessions participates in, as well as in the participating entity itself that is fully consolidated. For each project, initial recognition has to be approved by the Audit Committee and impairment testing is discussed in the meeting on a semi-annual basis.Exploration for and evaluation of mineral resourcesIn the segment Concessions, DEME expenses costs incurred for the exploration and evaluation of mineral resources on the seabed since the recognition criteria are not met.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-5": {
   "value": "INT<span class=\"_ _6\"></span>ANGIBLE ASSETSAcquired<span class=\"_ _3\"></span> concessions, patents, licences and<span class=\"_ _3\"></span> similar right<span class=\"_ _5\"></span>sThes<span class=\"_ _5\"></span>e intangible<span class=\"_ _5\"></span>s, that are sep<span class=\"_ _5\"></span>arately acquire<span class=\"_ _5\"></span>d and that have a f<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul li<span class=\"_ _5\"></span>fe, a<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied a<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s accum<span class=\"_ _5\"></span>ulate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losses<span class=\"_ _5\"></span>. Amor<span class=\"_ _5\"></span>tisation is recognised on<span class=\"_ _3\"></span> a straight line<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>asis ove<span class=\"_ _3\"></span>r their es<span class=\"_ _5\"></span>timated us<span class=\"_ _5\"></span>eful li<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. These int<span class=\"_ _5\"></span>angible<span class=\"_ _5\"></span>s mainly relate to the a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>echn<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span> that i<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d over th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>ic li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>time o<span class=\"_ _5\"></span>f 10 years<span class=\"_ _5\"></span>.Cost<span class=\"_ _5\"></span>s for configuring<span class=\"_ _3\"></span> or customising<span class=\"_ _3\"></span> a supplier\u2019s<span class=\"_ _3\"></span> application so<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>war<span class=\"_ _5\"></span>e in a S<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>re as a S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice (S<span class=\"_ _5\"></span>aa<span class=\"_ _5\"></span>S) arr<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is<span class=\"_ _5\"></span> det<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as a se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopmentEx<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>n re<span class=\"_ _5\"></span>sea<span class=\"_ _5\"></span>rch ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt as an O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e as in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>.An internal<span class=\"_ _3\"></span>ly-generated intangible asset arising from<span class=\"_ _3\"></span> development (<span class=\"_ _8\"></span>or from the dev<span class=\"_ _3\"></span>elopment phase of<span class=\"_ _3\"></span> an inte<span class=\"_ _5\"></span>rnal p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d if, and onl<span class=\"_ _5\"></span>y if, all of t<span class=\"_ _5\"></span>he follow<span class=\"_ _5\"></span>ing have been demo<span class=\"_ _5\"></span>nstr<span class=\"_ _5\"></span>ated: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e technical fe<span class=\"_ _5\"></span>asibilit<span class=\"_ _5\"></span>y of comple<span class=\"_ _5\"></span>ting the int<span class=\"_ _5\"></span>angible </span></span>as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t so t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>t will b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilabl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use o<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">the intention to<span class=\"_ _3\"></span> complete the<span class=\"_ _3\"></span> intangible asset and u<span class=\"_ _3\"></span>se </span></span>or s<span class=\"_ _5\"></span>ell it<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>r sel<span class=\"_ _5\"></span>l the in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">how the intangible asset will<span class=\"_ _3\"></span> generate probable<span class=\"_ _3\"></span> future </span></span>economic benefit<span class=\"_ _5\"></span>s; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 ls19 ws16\">th<span class=\"_ _5\"></span>e availabilit<span class=\"_ _5\"></span>y of adequate te<span class=\"_ _5\"></span>chnical, f<span class=\"_ _5\"></span>inancial and </span></span>oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and to use o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">t<span class=\"_ _5\"></span>he ab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>y to r<span class=\"_ _5\"></span>eliab<span class=\"_ _5\"></span>ly m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ture </span></span>at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le to t<span class=\"_ _5\"></span>he int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t duri<span class=\"_ _5\"></span>ng it<span class=\"_ _5\"></span>s development.The amount init<span class=\"_ _5\"></span>ially reco<span class=\"_ _5\"></span>gnised f<span class=\"_ _5\"></span>or internall<span class=\"_ _5\"></span>y-ge<span class=\"_ _5\"></span>nerate<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is t<span class=\"_ _5\"></span>he su<span class=\"_ _5\"></span>m of th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ture in<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ed fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>hen th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>ible a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t me<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e recogni<span class=\"_ _5\"></span>tion cr<span class=\"_ _5\"></span>iteria lis<span class=\"_ _5\"></span>ted above<span class=\"_ _5\"></span>. Where no internall<span class=\"_ _5\"></span>y- gen<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gibl<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ca<span class=\"_ _5\"></span>n be re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>, deve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it o<span class=\"_ _5\"></span>r los<span class=\"_ _5\"></span>s in the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod i<span class=\"_ _5\"></span>n whi<span class=\"_ _5\"></span>ch it i<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d.Subs<span class=\"_ _5\"></span>equent to initial re<span class=\"_ _5\"></span>cognit<span class=\"_ _5\"></span>ion, inter<span class=\"_ _5\"></span>nally-<span class=\"_ _5\"></span>gener<span class=\"_ _5\"></span>ated int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed at c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t le<span class=\"_ _5\"></span>ss a<span class=\"_ _5\"></span>ccumul<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d amortis<span class=\"_ _5\"></span>ation and ac<span class=\"_ _3\"></span>cumulat<span class=\"_ _3\"></span>ed impairment<span class=\"_ _3\"></span> losse<span class=\"_ _5\"></span>s, on the sa<span class=\"_ _5\"></span>me ba<span class=\"_ _5\"></span>sis a<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>angib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>at are a<span class=\"_ _5\"></span>cquir<span class=\"_ _5\"></span>ed separately.<span class=\"_ _8\"></span> Impairment testing is done d<span class=\"_ _3\"></span>uring the development at<span class=\"_ _8\"></span> each closing period.In the segment<span class=\"_ _3\"></span> Concessions, some development<span class=\"_ _3\"></span> expense<span class=\"_ _5\"></span>s are c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes D<span class=\"_ _5\"></span>EME Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons par<span class=\"_ _4\"></span>tic<span class=\"_ _5\"></span>ipa<span class=\"_ _5\"></span>tes in<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as in t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f that i<span class=\"_ _5\"></span>s ful<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ated<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r each p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, ini<span class=\"_ _5\"></span>tial rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on has t<span class=\"_ _5\"></span>o be ap<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ved by t<span class=\"_ _5\"></span>he Aud<span class=\"_ _5\"></span>it Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tte<span class=\"_ _5\"></span>e and im<span class=\"_ _5\"></span>pair<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt tes<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing is d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>uss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in the m<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ting o<span class=\"_ _5\"></span>n a semi-annual b<span class=\"_ _5\"></span>asis.Exploration for and evaluation<span class=\"_ _8\"></span> of mineral resourcesIn th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEME e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incurred for the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xploration and evalu<span class=\"_ _3\"></span>ation of mi<span class=\"_ _3\"></span>neral res<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rces o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d since t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnit<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia are not met.PROPERT<span class=\"_ _5\"></span>Y<span class=\"_ _2\"></span>, PL<span class=\"_ _5\"></span>ANT AND EQUIPMENTDr<span class=\"_ _5\"></span>y-docking cost<span class=\"_ _5\"></span>s of main<span class=\"_ _8\"></span> pro<span class=\"_ _5\"></span>duction equipment (<span class=\"_ _8\"></span>major rep<span class=\"_ _5\"></span>air co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts) are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wh<span class=\"_ _5\"></span>en incu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d depr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>he pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d un<span class=\"_ _5\"></span>til the next dr<span class=\"_ _5\"></span>y-docking.Depreciation is c<span class=\"_ _3\"></span>harged to<span class=\"_ _3\"></span> the income<span class=\"_ _3\"></span> statement on a st<span class=\"_ _5\"></span>rai<span class=\"_ _5\"></span>ght li<span class=\"_ _5\"></span>ne ba<span class=\"_ _5\"></span>sis ov<span class=\"_ _5\"></span>er the u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>l live<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g into a<span class=\"_ _5\"></span>ccoun<span class=\"_ _5\"></span>t an es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>sidua<span class=\"_ _5\"></span>l valu<span class=\"_ _5\"></span>e. L<span class=\"_ _5\"></span>and i<span class=\"_ _5\"></span>s not d<span class=\"_ _5\"></span>epr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d as it is de<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>d to have a<span class=\"_ _5\"></span>n inf<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>te li<span class=\"_ _5\"></span>fe, e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t for l<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ills us<span class=\"_ _5\"></span>ed for sand production that are<span class=\"_ _8\"></span> depreciated according t<span class=\"_ _3\"></span>o the tonn<span class=\"_ _5\"></span>es e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d. Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e depr<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d over 25 yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. The depreciation<span class=\"_ _3\"></span> periods of the floating and other<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion m<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>ials r<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 3 yea<span class=\"_ _5\"></span>rs (s<span class=\"_ _5\"></span>uch as f<span class=\"_ _5\"></span>or pip<span class=\"_ _5\"></span>elin<span class=\"_ _5\"></span>es) to 21 years<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>inc<span class=\"_ _5\"></span>ipal c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt of t<span class=\"_ _5\"></span>rail<span class=\"_ _5\"></span>ing suction hopper dredgers and cutter suction dredgers is<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r new ho<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>er dre<span class=\"_ _5\"></span>dger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cu<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>er suc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cab<span class=\"_ _5\"></span>le lay ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and DP3 of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e cr<span class=\"_ _5\"></span>ane ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s in pro<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>ince 201<span class=\"_ _8\"></span>9, t<span class=\"_ _5\"></span>he pri<span class=\"_ _5\"></span>ncip<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>nen<span class=\"_ _5\"></span>t is dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciate<span class=\"_ _5\"></span>d ove<span class=\"_ _5\"></span>r a per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d of 20 year<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d a se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent is a<span class=\"_ _5\"></span>mor<span class=\"_ _4\"></span>tis<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er a pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od of 10 years<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or maj<span class=\"_ _5\"></span>or jac<span class=\"_ _5\"></span>k-up ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls thi<span class=\"_ _5\"></span>s dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on rule was alre<span class=\"_ _3\"></span>ady applicable. The<span class=\"_ _3\"></span> principal com<span class=\"_ _3\"></span>ponent mainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e hull an<span class=\"_ _5\"></span>d mach<span class=\"_ _5\"></span>iner<span class=\"_ _4\"></span>y and t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>nd comp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ent re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of a v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sel f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he lif<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>an is s<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>ter t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e eco<span class=\"_ _5\"></span>nomi<span class=\"_ _5\"></span>c lif<span class=\"_ _5\"></span>e c<span class=\"_ _5\"></span>ycle o<span class=\"_ _5\"></span>f the ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l. Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>ture an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are d<span class=\"_ _5\"></span>epre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted over a p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 3 an<span class=\"_ _5\"></span>d 1<span class=\"_ _3\"></span>0 year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.For al<span class=\"_ _5\"></span>l equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt wi<span class=\"_ _5\"></span>th a r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue<span class=\"_ _5\"></span>, this a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t has be<span class=\"_ _5\"></span>en es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mate<span class=\"_ _5\"></span>d as 1<span class=\"_ _3\"></span>% of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t valu<span class=\"_ _5\"></span>e fr<span class=\"_ _5\"></span>om 201<span class=\"_ _8\"></span>9 onwa<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E wil<span class=\"_ _5\"></span>l app<span class=\"_ _5\"></span>ly thi<span class=\"_ _5\"></span>s 1<span class=\"_ _8\"></span>% r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue f<span class=\"_ _5\"></span>or ol<span class=\"_ _5\"></span>der ves<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls as a<span class=\"_ _5\"></span>n ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ra ye<span class=\"_ _5\"></span>ar of de<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n beyo<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. Me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ds fo<span class=\"_ _5\"></span>r dep<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>iati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, use<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ul lif<span class=\"_ _5\"></span>e and r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dual v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>re rea<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of ea<span class=\"_ _5\"></span>ch f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar and a<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ded if nec<span class=\"_ _3\"></span>essar<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>.OPERA<span class=\"_ _2\"></span>TING E<span class=\"_ _5\"></span>XPENSESRaw<span class=\"_ _8\"></span> materials, consumables, services and subcontracted workThis category in the c<span class=\"_ _3\"></span>onsolidated statement of i<span class=\"_ _3\"></span>ncome is<span class=\"_ _3\"></span> the O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>X of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. All o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es (als<span class=\"_ _5\"></span>o S<span class=\"_ _5\"></span>G&amp;<span class=\"_ _4\"></span>A ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh our n<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>al bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>ss ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tion<span class=\"_ _5\"></span>s) are inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>son<span class=\"_ _5\"></span>nel e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s, depreciation, amortisation and impairment<span class=\"_ _3\"></span> cost<span class=\"_ _5\"></span>s and oth<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es tha<span class=\"_ _5\"></span>t are d<span class=\"_ _5\"></span>isc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in a se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate note.Research<span class=\"_ _3\"></span> and de<span class=\"_ _3\"></span>velopment, advertising and<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d IT s<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ms d<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s Res<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ch, a<span class=\"_ _5\"></span>dve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tis<span class=\"_ _5\"></span>ing an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>omo<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed in the y<span class=\"_ _5\"></span>ear in w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>hey ar<span class=\"_ _5\"></span>e incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed. D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and I<span class=\"_ _5\"></span>T sy<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tems d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the year in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h they a<span class=\"_ _5\"></span>re inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>f they d<span class=\"_ _5\"></span>o no<span class=\"_ _5\"></span>t mee<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e cri<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ia fo<span class=\"_ _5\"></span>r cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s (OPE<span class=\"_ _5\"></span>X) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up.Other operating<span class=\"_ _3\"></span> expensesOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ss on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ope<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and equipme<span class=\"_ _3\"></span>nt. The non-cash movements in amou<span class=\"_ _3\"></span>nts wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>les<span class=\"_ _5\"></span>, in retirement benefit obligations a<span class=\"_ _3\"></span>nd in pro<span class=\"_ _3\"></span>visions is also<span class=\"_ _3\"></span> rec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed as o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ex<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t to ab<span class=\"_ _5\"></span>ove, oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s var<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>, imp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>amp dut<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re als<span class=\"_ _5\"></span>o in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ting e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-6": {
   "value": "INTANGIBLE ASSETSAcquired concessions, patents, licences and similar rightsThese intangibles, that are separately acquired and that have a finite useful life, are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight line basis over their estimated useful lives. These intangibles mainly relate to the acquired technology of the SPT Offshore business that is amortised over the economic lifetime of 10 years.Costs for configuring or customising a supplier\u2019s application software in a Software as a Service (SaaS) arrangement is determined as a service contract and expensed.Research and developmentExpenditure on research activities is recognised in the income statement as an OPEX expense as incurred.An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated: \u2012 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2012 the intention to complete the intangible asset and use or sell it; \u2012 the ability to use or sell the intangible asset; \u2012 how the intangible asset will generate probable future economic benefits; \u2012 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; \u2012 the ability to reliably measure the expenditure attributable to the intangible asset during its development.The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally- generated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Impairment testing is done during the development at each closing period.In the segment Concessions, some development expenses are capitalised in the associates DEME Concessions participates in, as well as in the participating entity itself that is fully consolidated. For each project, initial recognition has to be approved by the Audit Committee and impairment testing is discussed in the meeting on a semi-annual basis.Exploration for and evaluation of mineral resourcesIn the segment Concessions, DEME expenses costs incurred for the exploration and evaluation of mineral resources on the seabed since the recognition criteria are not met.PROPERTY, PLANT AND EQUIPMENTDepreciation is charged to the income statement on a straight line basis over the useful lives taking into account an estimated residual value. Land is not depreciated as it is deemed to have an infinite life, except for landfills used for sand production that are depreciated according to the tonnes extracted. Buildings are depreciated over 25 years. The depreciation periods of the floating and other construction materials range from 3 years (such as for pipelines) to 21 years. The principal component of trailing suction hopper dredgers and cutter suction dredgers is depreciated over a period of 18 years. For new hopper dredgers, cutter suction dredgers, cable lay vessels and DP3 offshore crane vessels in production since 2019, the principal component is depreciated over a period of 20 years and a second component is amortised over a period of 10 years. For major jack-up vessels this depreciation rule was already applicable. The principal component mainly includes the hull and machinery and the second component relates to parts of a vessel for which the lifespan is shorter than the economic life cycle of the vessel. Furniture and other fixed assets are depreciated over a period between 3 and 10 years.For all equipment with a residual value, this amount has been estimated as 1% of the investment value from 2019 onwards. DEME will apply this 1% residual value for older vessels as an extra year of depreciation beyond the useful life of the vessel. Methods for depreciation, useful life and residual value are reassessed at the end of each financial year and amended if necessary.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-7": {
   "value": "INTANGIBLE ASSETSResearch and developmentExpenditure on research activities is recognised in the income statement as an OPEX expense as incurred.An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated: \u2012 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2012 the intention to complete the intangible asset and use or sell it; \u2012 the ability to use or sell the intangible asset; \u2012 how the intangible asset will generate probable future economic benefits; \u2012 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; \u2012 the ability to reliably measure the expenditure attributable to the intangible asset during its development.The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally- generated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Impairment testing is done during the development at each closing period.In the segment Concessions, some development expenses are capitalised in the associates DEME Concessions participates in, as well as in the participating entity itself that is fully consolidated. For each project, initial recognition has to be approved by the Audit Committee and impairment testing is discussed in the meeting on a semi-annual basis.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-8": {
   "value": "INTANGIBLE ASSETSExploration for and evaluation of mineral resourcesIn the segment Concessions, DEME expenses costs incurred for the exploration and evaluation of mineral resources on the seabed since the recognition criteria are not met.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-54-5": {
   "value": "GOODWILLGoodwill arising from a business combination is recognised as an asset on the date on which control was obtained (the acquisition date). Goodwill is measured at cost being the excess of the consideration transferred, the non-controlling interests in the acquired company and the fair value of the stake already owned by the Group in the acquired company (if any) over the net amount of identifiable assets acquired and liabilities assumed on the acquisition date.Non-controlling interests are initially measured either at fair value, or at the non-controlling interests\u2019 share of the acquiree\u2019s recognised identifiable net assets. The basis of measurement is selected transaction by transaction.If, after reassessment, the net balance, at the acquisition date, of identifiable assets acquired and liabilities assumed is higher than the sum of the consideration transferred, non-controlling interests in the acquiree and the fair value of the stake in the acquiree previously owned by the Group (if any), the surplus is recognised immediately in the income statement as a gain from a bargain purchase.Goodwill is not amortised but is subject to impairment tests taking place annually or more frequently if there is an indication that the cash-generating unit to which it is allocated could have suffered a loss of value.Goodwill is stated on the balance sheet at cost less accumulated impairment losses, if any. Impairment of goodwill is not reversed in future periods.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non-controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-5": {
   "value": "PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment are measured at historical cost, less accumulated depreciation and impairment losses. Historical cost includes all direct costs and all expenditure incurred to bring the asset to its working condition and location, as well as for its intended use. Historical cost includes the original purchase price, borrowing costs incurred during the construction period, and related direct costs. Main dredging and offshore equipment consists of components with different useful lives that are accounted for as separate items.Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. The wear and tear of dredging equipment is highly dependent on project-specific combinations of soil conditions, material to be processed, maritime circumstances, and the intensity of the deployment of the equipment (factors that are difficult to predict). Due to these erratic and time-independent patterns, the maintenance and repair costs for upkeep of the assets during the operation of the vessel are predominantly expensed.Dry-docking costs of main production equipment (major repair costs) are recognised in the carrying amount of the vessel when incurred and depreciated over the period until the next dry-docking.Depreciation is charged to the income statement on a straight line basis over the useful lives taking into account an estimated residual value. Land is not depreciated as it is deemed to have an infinite life, except for landfills used for sand production that are depreciated according to the tonnes extracted. Buildings are depreciated over 25 years. The depreciation periods of the floating and other construction materials range from 3 years (such as for pipelines) to 21 years. The principal component of trailing suction hopper dredgers and cutter suction dredgers is depreciated over a period of 18 years. For new hopper dredgers, cutter suction dredgers, cable lay vessels and DP3 offshore crane vessels in production since 2019, the principal component is depreciated over a period of 20 years and a second component is amortised over a period of 10 years. For major jack-up vessels this depreciation rule was already applicable. The principal component mainly includes the hull and machinery and the second component relates to parts of a vessel for which the lifespan is shorter than the economic life cycle of the vessel. Furniture and other fixed assets are depreciated over a period between 3 and 10 years.For all equipment with a residual value, this amount has been estimated as 1% of the investment value from 2019 onwards. DEME will apply this 1% residual value for older vessels as an extra year of depreciation beyond the useful life of the vessel. Methods for depreciation, useful life and residual value are reassessed at the end of each financial year and amended if necessary.Property, plant and equipment under construction are included based on the instalments paid and the capitalised interests during the construction period.Gains and losses on disposals are determined by comparing the net disposal proceeds with the carrying amount and are recognised within other operating income or other operating expenses.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-6": {
   "value": "PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment under construction are included based on the instalments paid and the capitalised interests during the construction period.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-7": {
   "value": "PROPERTY, PLANT AND EQUIPMENTDry-docking costs of main production equipment (major repair costs) are recognised in the carrying amount of the vessel when incurred and depreciated over the period until the next dry-docking.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-3": {
   "value": "THE GROUP AS LESSEE, RIGHT-OF-USE ASSETS AND LEASE LIABILITIESThe Group as lesseeThe Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.The Group applies a single recognition and measurement approach for all leases, except for short-term leases (less than one year) and leases of low-value assets.Right-of-use assets and lease liabilities Assets, representing the right to use the underlying leased asset, are capitalised as right-of-use assets atcost, comprising the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date less any lease incentives received, any initial direct costs and restoration costs. The corresponding lease liabilities, representing the net present value of the lease payments to be made over the lease term, are recognised as long-term or current liabilities depending on the period in which they are due. The lease payments are discounted using the lessee\u2019s incremental borrowing rate. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable leasepayments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees.The lease liabilities are included in interest-bearing debt. Lease interest is charged to the income statement as an interest expense. Leased assets are depreciated, using straight line depreciation over the shorter of the lease term and the estimated useful life of the assets, including the period of renewable options, in case it is reasonably certain that the option will be exercised. When there is reasonable certainty that ownership will be obtained by the end of the lease term, the depreciation policy for the leased asset is consistent with that for depreciable assets which are owned. However, when there is no reasonable certainty that ownership will be obtained by the end of the lease term, the asset is depreciated over the shorter of the lease term and its expected useful life. The right-of-use assets are also subject to impairment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-64-3": {
   "value": "INVENTORIESInventories are measured at the lower of cost and net realisable value.The weighted average cost method is used to calculate the cost for raw materials, whereas the cost of consumables is determined using the FIFO method.Net realisable value is the estimated selling price in the ordinary course of business, less the costs of completion and estimated costs to make the sale.When inventories are sold, the carrying amount of those inventories shall be recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of inventories to net realisable value and all losses of inventories shall be recognised as an expense in the period the write down or loss occurs.The amount of any reversal of any write down of inventories, arising from an increase in net realisable value, shall be recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-65-3": {
   "value": "CONTRACT ASSETS AND CONTRACT LIABILITIESContract assets concern the gross amount yet to be charged which is expected to be received from customers for contractual work performed up to the reporting date (hereinafter: \u201cwork in progress\u201d) and services rendered.Work in progress is valued as the sum of the cost price of the work performed, plus a part of the expected results upon completion of the project in proportion to the progress made and less progress billings, and less potential provisions for losses. Provisions are recognised for expected losses on work in progress as soon as they are anticipated and if applicable, any profits already recognised are reversed. As long as the project is not started and the assumptions re execution of the work are not final yet (hence a loss to completion provision is difficult to measure reliably), no loss to completion provision is accounted for, unless there is a certain event supporting the provision. A loss to completion provision is accounted for as a contract liability. Revenues for additional work and claims are included in the overall contract revenues if the client has formally accepted the sum involved. The cost price includes project costs, consisting of payroll costs, materials, costs of subcontracted work, rental charges and maintenance costs of the equipment used and other project costs. The vessel rates used are based on the expected average vessel occupation in the long run. The progress of a project is measured as the ratio of the basis of the cost of the work performed in relation to the total expected cost price of the project as a whole. Profits are not recognised unless a reliable estimate of the end of project result can be made. DEME considers that no such reliable estimate can be made as long as the percentage of completion remains below 10% of the total expected cost price of the project or if the installation vessels for offshore wind farm foundation projects has not yet been mobilised. The balance of the value of work in progress is determined per project. For projects where the progress billings and advance payments exceed the value of work in progress, the balance is recognised under contract liabilities instead of under contract assets. Advances are amounts received by the Group (no significant financing component) before the related work is performed. The Group presents those separately from other contract liabilities.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-67-3": {
   "value": "TRADE AND OTHER RECEIVABLESTrade and other receivables are stated initially at fair value and subsequently at amortised cost lessaccumulated impairment losses. For the impact of IFRS 9 and the application of the expected credit loss model, reference is made to note (19) of this report where we elaborate on the credit and counterparty risk. Amortised cost is determined using the effective interest rate.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-67-4": {
   "value": "TRADE AND OTHER RECEIVABLESTrade and other receivables are stated initially at fair value and subsequently at amortised cost lessaccumulated impairment losses. For the impact of IFRS 9 and the application of the expected credit loss model, reference is made to note (19) of this report where we elaborate on the credit and counterparty risk. Amortised cost is determined using the effective interest rate.CASH AND CASH EQUIVALENTSCash and cash equivalents consist of cash in hand and on bank accounts and short-term investments with an initial term of less than three months. Cash, cash equivalents and short-term deposits are carried in the balance sheet at nominal value.RISKS FROM FINANCIAL INSTRUMENTSThe Group\u2019s financial instruments are cash and cash equivalents, trade and other receivables, interest- bearing loans, trade and other payables and derivatives. Derivatives are used exclusively as hedging instruments and not for trading or other speculative purposes.The Group is exposed to the following risks from financial instruments which will be further elaborated in note (19): \u2012 credit and counterparty risk; \u2012 liquidity risk; \u2012 market risk consisting of currency risk, interest rate risk and price risks.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-68-3": {
   "value": "ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONSThe Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense.The criteria for held for sale classification is regarded as met only when the sale is highly probable, and the asset or disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of the classification.Property, plant and equipment and intangible assets are not depreciated or amortised once classified as held for sale.Assets and liabilities classified as held for sale are presented separately as current items in the statement of financial position.Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of income. All notes to the financial statements include amounts for continuing operations, unless indicated otherwise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-68-4": {
   "value": "ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONSThe Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense.The criteria for held for sale classification is regarded as met only when the sale is highly probable, and the asset or disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of the classification.Property, plant and equipment and intangible assets are not depreciated or amortised once classified as held for sale.Assets and liabilities classified as held for sale are presented separately as current items in the statement of financial position.Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of income. All notes to the financial statements include amounts for continuing operations, unless indicated otherwise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-68-5": {
   "value": "ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONSThe Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense.The criteria for held for sale classification is regarded as met only when the sale is highly probable, and the asset or disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of the classification.Property, plant and equipment and intangible assets are not depreciated or amortised once classified as held for sale.Assets and liabilities classified as held for sale are presented separately as current items in the statement of financial position.Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of income. All notes to the financial statements include amounts for continuing operations, unless indicated otherwise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-70-4": {
   "value": "CASH AND CASH EQUIVALENTSCash and cash equivalents consist of cash in hand and on bank accounts and short-term investments with an initial term of less than three months. Cash, cash equivalents and short-term deposits are carried in the balance sheet at nominal value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-3": {
   "value": "IMPAIRMENT TANGIBLE AND INTANGIBLE ASSETS INCLUDING GOODWILLAt the end of each reporting period, the Group reviews the carrying amounts of its property, plant and equipment and right-of-use assets and intangible assets to determine whether there is any indication of impairment. If such indication exists or when it is required, the asset\u2019s recoverable amount is estimated. For intangible assets that are not yet available for use, and for goodwill, the recoverable amount is estimated at each balance sheet date. An impairment loss is recognised whenever the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the income statement.When there is an indication that prior recognition impairment losses no longer exist, the carrying amount of the asset (or a cash-generating unit) is increased to the revised estimate of its recoverable amount, but in such a way that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the income statement. An impairment loss on goodwill is never reversed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-4": {
   "value": "IMPAIRMENT TANGIBLE AND INTANGIBLE ASSETS INCLUDING GOODWILLAt the end of each reporting period, the Group reviews the carrying amounts of its property, plant and equipment and right-of-use assets and intangible assets to determine whether there is any indication of impairment. If such indication exists or when it is required, the asset\u2019s recoverable amount is estimated. For intangible assets that are not yet available for use, and for goodwill, the recoverable amount is estimated at each balance sheet date. An impairment loss is recognised whenever the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the income statement.When there is an indication that prior recognition impairment losses no longer exist, the carrying amount of the asset (or a cash-generating unit) is increased to the revised estimate of its recoverable amount, but in such a way that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the income statement. An impairment loss on goodwill is never reversed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-72-3": {
   "value": "PROVISIONSProvisions are recognised in the balance sheet when the Group has a present obligation (legal or constructive) resulting from a past event, when it is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made.The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).The unwinding of discount on provisions is recognised as a financial expense.Warranty provisionsProvisions for warranties are recognised based on the best estimate of the expected cash outflows or cost of repair to settle contractually agreed warranties during the defect notification period for completed projects. The carrying amount of these provisions is estimated based on common industry practice and the Group\u2019s experience with warranty claims for relevant projects. Initial recognition of these assurance-type warranties is based on historical experience and the estimate of warranty-related costs is revised annually.Restructuring provisionsRestructuring provisions will be recognised (but do currently not apply) when the Group has a constructive obligation, meaning when there is a detailed formal plan that identifies the business or part of the business concerned, the location and number of employees affected, the detailed estimate of the associated costs and the timeline. The Group must also notify all the employees affected about this plan\u2019s main features.Other provisionsOther provisions, more specifically in the Environmental segment, relate to the legal provision for the capping of the landfill when the dumping areas are full or to the provision for end of contract reinstatement of a site. Other provisions, which are explained in note (23), can also be provisions for a legal proceeding.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-72-4": {
   "value": "PROVISIONSRestructuring provisionsRestructuring provisions will be recognised (but do currently not apply) when the Group has a constructive obligation, meaning when there is a detailed formal plan that identifies the business or part of the business concerned, the location and number of employees affected, the detailed estimate of the associated costs and the timeline. The Group must also notify all the employees affected about this plan\u2019s main features.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-72-5": {
   "value": "PROVISIONSOther provisionsOther provisions, more specifically in the Environmental segment, relate to the legal provision for the capping of the landfill when the dumping areas are full or to the provision for end of contract reinstatement of a site. Other provisions, which are explained in note (23), can also be provisions for a legal proceeding.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-78-3": {
   "value": "EMPLOYEE BENEFIT OBLIGATIONSDefined contribution plans without interest guarantee by the employer Contributions to defined contribution plans are recognised as an expense in the income statement when incurred.Belgian defined contribution plans with interest guarantee by the employerBy law, defined contribution pension plans in Belgium are subject to minimum guaranteed rates of return. Consequently, these \u2018defined contribution\u2019 plans classify as \u2018defined benefit\u2019 plans.Defined benefit plansFor defined benefit retirement benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each annual reporting period. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected immediately in the statement of financial position with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected as a separate reserve in equity and will not be reclassified to profit or loss. Past service cost is recognised in profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset. Defined benefit costs are categorised as follows: \u2012 service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements); \u2012 net interest expense or income; \u2012 remeasurement.The Group presents the first two components of defined benefit costs in profit or loss. Curtailment gains and losses are accounted for as past service costs.The retirement benefit obligation recognised in the consolidated statement of financial position represents the actual deficit or surplus in the Group\u2019s defined benefit plans. Any surplus resulting from this calculation is limited to the present value of any economic benefits available in the form of refunds from the plans or reductions in future contributions to the plans.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-80-3": {
   "value": "INTEREST-BEARING LOANS AND BORROWINGSInterest-bearing loans and borrowings are recognised initially at fair value adjusted for the attributable transaction costs. Subsequent to initial recognition, interest-bearing loans and borrowings are stated at amortised cost with any difference between the proceeds (adjusted for transaction costs) and redemption value being recognised in the income statement over the period of the loan or borrowings on an effective interest rate basis.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-80-4": {
   "value": "INTEREST-BEARING LOANS AND BORROWINGSThe effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiumsor discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortised cost of a financial liability.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-83-3": {
   "value": "TRADE AND OTHER PAYABLESTrade and other payables are stated at amortised cost.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-83-4": {
   "value": "TRADE AND OTHER PAYABLESTrade and other payables are stated at amortised cost.RISKS FROM FINANCIAL INSTRUMENTSThe Group\u2019s financial instruments are cash and cash equivalents, trade and other receivables, interest- bearing loans, trade and other payables and derivatives. Derivatives are used exclusively as hedging instruments and not for trading or other speculative purposes.The Group is exposed to the following risks from financial instruments which will be further elaborated in note (19): \u2012 credit and counterparty risk; \u2012 liquidity risk; \u2012 market risk consisting of currency risk, interest rate risk and price risks.DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGThe company uses derivative financial instruments primarily to reduce exposure to adverse fluctuations in interest rates, foreign exchange rates, commodity prices and other market risks. As already mentioned above, the Group\u2019s policy prohibits the use of derivatives for speculation. The company does not hold or issue derivative financial instruments for trading purposes.However, derivatives which do not qualify as hedging instruments as defined by IFRS 9 are presented as instruments held for trading. Derivative financial instruments are recognised initially at cost. Subsequent to initial recognition, derivative financial instruments are measured at fair value. Recognition of any resulting unrealised gain or loss depends on the nature of the derivative and the effectiveness of the hedge. The fair value of interest-rate swaps is the estimated amount that the company would receive or pay when exercising the swaps at the closing date, taking into account current interest rates and the solvency of the swap counterparty. The fair value of a forward-exchange contract is the quoted value at the closing date, and therefore the present value of the quoted forward price.Hedge accounting is applicable if all criteria in the IFRS 9 standard are fulfilled: \u2012 there is formal designation and documentation for the hedging relationship at the inception of this relationship; \u2012 the economic relationship between the hedged item and the hedging; \u2012 instrument and the potential sources of ineffectiveness must be documented; \u2012 the retrospective ineffectiveness must be assessed at each closing.Variations of fair value between periods are recognised differently according to the accounting classification.Cash flow hedgesWhen a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction, the effective part of any gain or loss resulting from the derivative financial instrument is recognised directly in other elements of the comprehensive income and is presented in a separate reserve in equity. When the firm commitment or the expected transaction results in the recognition of an asset or liability, the cumulative gain or loss is removed from the comprehensive income and is reported under a separate reserve in the equity. Otherwise, the cumulative gain or loss is removed from equity and recognised in the income statement at the same time as the hedged transaction. The ineffective part of any gain or loss on the financial instrument is taken into result. Gains or losses resulting from the time value of financial derivative instruments are recognised in the income statement in interest income or interest expense. When a hedging instrument or hedge relationship expires but the hedged transaction is still expected to occur, the cumulative unrealised gain or loss (at that point) remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is expected not to occur, the cumulative unrealised gain or loss recognised in equity is immediately taken to income.Instruments related to construction contractsIf a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction in the framework of a construction contract (mainly forward purchases of raw materials, or foreign exchange purchases or sales), a documentation of the cash flow hedge relationship as described above will not be prepared. Any gain or loss resulting from the derivative financial instrument is recognised in the income statement. These instruments are, however, submitted to a test of efficiency based on the same methodology as utilised for hedge accounting. The effective part of any gain or loss on the financial instrument is considered as construction cost and is presented as an operational result based upon the percentage of completion of the contract.The fair value variation itself however is not considered for determining the percentage of completion ofthe contract and deferred hedge charges and income are not part of contract assets or contract liabilities as these are stated at hedge rate and not at market rate. Deferred hedge charges and income are included in other current assets and other current liabilities.Fair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-84-3": {
   "value": "INCOME TAXESIncome taxes are classified as either current or deferred taxes. Income tax is recognised in the income statement except to the extent that it relates to items recognised directly in other comprehensive income or equity, in which case it is recognised in OCI or equity.Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where the Group operates and generates taxable income.Current income taxes include expected tax charges based on the accounting profit for the current year and adjustments to tax charges of prior years. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where the Group operates and generates taxable income.IFRIC 23, which became effective as from January 1, 2019 onwards, clarifies how to apply the recognition and measurement requirements in IAS 12 income taxes when an uncertainty over current and deferred income tax treatments exists. The acceptability of a particular tax treatment under tax law may not be known until the relevant taxation authority or a court takes a decision in the future. In assessing whether and how an uncertain tax treatment affects the determination of taxable results, the Group assumes that a taxation authority will examine amounts it has a right to examine and has full knowledge of all related information when making those examinations. If the Group concludes it is probable that the taxation authority will accept an uncertain tax treatment, it determines the taxable result consistently with the tax treatment used or planned to be used in its income tax filings. If the Group concludes that it is not probable that a taxation authority will accept an uncertain tax treatment, it reflects the effect of uncertainty in determining its accounting tax position. If the possible outcomes are binary or concentrated to one value, the uncertain tax position is measured using the most likely amount. In case there exists a range of possible outcomes that are neither binary nor concentrated on one value, the sum of the weighted amounts in a range of possible outcomes might best predict the resolution of the uncertainty.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-84-4": {
   "value": "INCOME TAXESIncome taxes are classified as either current or deferred taxes. Income tax is recognised in the income statement except to the extent that it relates to items recognised directly in other comprehensive income or equity, in which case it is recognised in OCI or equity.Deferred taxes are calculated using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. The principal temporary differences arise from depreciation of property, plant and equipment, provisions for defined benefit plans, fair value measurement of derivatives and tax losses carried forward.Deferred taxes are measured using the tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realised or settled, based on tax rates enacted or substantively enacted by the balance sheet date. A deferred tax asset shall be recognised for the carryforward of the unusedtax losses and unused tax credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused taxcredits can be utilized. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised unless the deferred tax assets arise from the initial recognition of an asset or liability in a transaction that is not a business combination and at the time of the transaction affects neither accounting profit nor taxable profit (tax loss). Deferred tax assets are also recognised for all deductible differences arising from investments in subsidiaries, joint ventures and associates to the extent that, it is probable that the temporary difference will reverse in the foreseeable future and the taxable profit will be available against which the temporary difference can be utilised. At each balance sheet date the Group reassess if all the above criteria are met.IFRIC 23, which became effective as from January 1, 2019 onwards, clarifies how to apply the recognition and measurement requirements in IAS 12 income taxes when an uncertainty over current and deferred income tax treatments exists. The acceptability of a particular tax treatment under tax law may not be known until the relevant taxation authority or a court takes a decision in the future. In assessing whether and how an uncertain tax treatment affects the determination of taxable results, the Group assumes that a taxation authority will examine amounts it has a right to examine and has full knowledge of all related information when making those examinations. If the Group concludes it is probable that the taxation authority will accept an uncertain tax treatment, it determines the taxable result consistently with the tax treatment used or planned to be used in its income tax filings. If the Group concludes that it is not probable that a taxation authority will accept an uncertain tax treatment, it reflects the effect of uncertainty in determining its accounting tax position. If the possible outcomes are binary or concentrated to one value, the uncertain tax position is measured using the most likely amount. In case there exists a range of possible outcomes that are neither binary nor concentrated on one value, the sum of the weighted amounts in a range of possible outcomes might best predict the resolution of the uncertainty.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-91-3": {
   "value": "INVESTMENT TAX CREDITSInvestment tax credits are excluded from the scope of IAS 12 income taxes and IAS 20 accounting for government grants and disclosure of government assistance. In accordance with IAS 8 accounting policies, changes in accounting estimates and errors, the Group defined an accounting policy in respect of investment tax credits by making an analogy to IAS 12 income taxes. By making this analogy and when the entity satisfies the criteria to receive the credit, this will be recognised in the income statement (deferred taxes), and the related assets in the statement of financial position (deferred tax asset).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-92-5": {
   "value": "RISKS FROM FINANCIAL INSTRUMENTSThe Group\u2019s financial instruments are cash and cash equivalents, trade and other receivables, interest- bearing loans, trade and other payables and derivatives. Derivatives are used exclusively as hedging instruments and not for trading or other speculative purposes.The Group is exposed to the following risks from financial instruments which will be further elaborated in note (19): \u2012 credit and counterparty risk; \u2012 liquidity risk; \u2012 market risk consisting of currency risk, interest rate risk and price risks.DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGThe company uses derivative financial instruments primarily to reduce exposure to adverse fluctuations in interest rates, foreign exchange rates, commodity prices and other market risks. As already mentioned above, the Group\u2019s policy prohibits the use of derivatives for speculation. The company does not hold or issue derivative financial instruments for trading purposes.However, derivatives which do not qualify as hedging instruments as defined by IFRS 9 are presented as instruments held for trading. Derivative financial instruments are recognised initially at cost. Subsequent to initial recognition, derivative financial instruments are measured at fair value. Recognition of any resulting unrealised gain or loss depends on the nature of the derivative and the effectiveness of the hedge. The fair value of interest-rate swaps is the estimated amount that the company would receive or pay when exercising the swaps at the closing date, taking into account current interest rates and the solvency of the swap counterparty. The fair value of a forward-exchange contract is the quoted value at the closing date, and therefore the present value of the quoted forward price.Hedge accounting is applicable if all criteria in the IFRS 9 standard are fulfilled: \u2012 there is formal designation and documentation for the hedging relationship at the inception of this relationship; \u2012 the economic relationship between the hedged item and the hedging; \u2012 instrument and the potential sources of ineffectiveness must be documented; \u2012 the retrospective ineffectiveness must be assessed at each closing.Variations of fair value between periods are recognised differently according to the accounting classification.Cash flow hedgesWhen a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction, the effective part of any gain or loss resulting from the derivative financial instrument is recognised directly in other elements of the comprehensive income and is presented in a separate reserve in equity. When the firm commitment or the expected transaction results in the recognition of an asset or liability, the cumulative gain or loss is removed from the comprehensive income and is reported under a separate reserve in the equity. Otherwise, the cumulative gain or loss is removed from equity and recognised in the income statement at the same time as the hedged transaction. The ineffective part of any gain or loss on the financial instrument is taken into result. Gains or losses resulting from the time value of financial derivative instruments are recognised in the income statement in interest income or interest expense. When a hedging instrument or hedge relationship expires but the hedged transaction is still expected to occur, the cumulative unrealised gain or loss (at that point) remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is expected not to occur, the cumulative unrealised gain or loss recognised in equity is immediately taken to income.Instruments related to construction contractsIf a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction in the framework of a construction contract (mainly forward purchases of raw materials, or foreign exchange purchases or sales), a documentation of the cash flow hedge relationship as described above will not be prepared. Any gain or loss resulting from the derivative financial instrument is recognised in the income statement. These instruments are, however, submitted to a test of efficiency based on the same methodology as utilised for hedge accounting. The effective part of any gain or loss on the financial instrument is considered as construction cost and is presented as an operational result based upon the percentage of completion of the contract.The fair value variation itself however is not considered for determining the percentage of completion ofthe contract and deferred hedge charges and income are not part of contract assets or contract liabilities as these are stated at hedge rate and not at market rate. Deferred hedge charges and income are included in other current assets and other current liabilities.Fair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-92-6": {
   "value": "RISKS FROM FINANCIAL INSTRUMENTSThe Group\u2019s financial instruments are cash and cash equivalents, trade and other receivables, interest- bearing loans, trade and other payables and derivatives. Derivatives are used exclusively as hedging instruments and not for trading or other speculative purposes.The Group is exposed to the following risks from financial instruments which will be further elaborated in note (19): \u2012 credit and counterparty risk; \u2012 liquidity risk; \u2012 market risk consisting of currency risk, interest rate risk and price risks.DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGThe company uses derivative financial instruments primarily to reduce exposure to adverse fluctuations in interest rates, foreign exchange rates, commodity prices and other market risks. As already mentioned above, the Group\u2019s policy prohibits the use of derivatives for speculation. The company does not hold or issue derivative financial instruments for trading purposes.However, derivatives which do not qualify as hedging instruments as defined by IFRS 9 are presented as instruments held for trading. Derivative financial instruments are recognised initially at cost. Subsequent to initial recognition, derivative financial instruments are measured at fair value. Recognition of any resulting unrealised gain or loss depends on the nature of the derivative and the effectiveness of the hedge. The fair value of interest-rate swaps is the estimated amount that the company would receive or pay when exercising the swaps at the closing date, taking into account current interest rates and the solvency of the swap counterparty. The fair value of a forward-exchange contract is the quoted value at the closing date, and therefore the present value of the quoted forward price.Hedge accounting is applicable if all criteria in the IFRS 9 standard are fulfilled: \u2012 there is formal designation and documentation for the hedging relationship at the inception of this relationship; \u2012 the economic relationship between the hedged item and the hedging; \u2012 instrument and the potential sources of ineffectiveness must be documented; \u2012 the retrospective ineffectiveness must be assessed at each closing.Variations of fair value between periods are recognised differently according to the accounting classification.Cash flow hedgesWhen a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction, the effective part of any gain or loss resulting from the derivative financial instrument is recognised directly in other elements of the comprehensive income and is presented in a separate reserve in equity. When the firm commitment or the expected transaction results in the recognition of an asset or liability, the cumulative gain or loss is removed from the comprehensive income and is reported under a separate reserve in the equity. Otherwise, the cumulative gain or loss is removed from equity and recognised in the income statement at the same time as the hedged transaction. The ineffective part of any gain or loss on the financial instrument is taken into result. Gains or losses resulting from the time value of financial derivative instruments are recognised in the income statement in interest income or interest expense. When a hedging instrument or hedge relationship expires but the hedged transaction is still expected to occur, the cumulative unrealised gain or loss (at that point) remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is expected not to occur, the cumulative unrealised gain or loss recognised in equity is immediately taken to income.Instruments related to construction contractsIf a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction in the framework of a construction contract (mainly forward purchases of raw materials, or foreign exchange purchases or sales), a documentation of the cash flow hedge relationship as described above will not be prepared. Any gain or loss resulting from the derivative financial instrument is recognised in the income statement. These instruments are, however, submitted to a test of efficiency based on the same methodology as utilised for hedge accounting. The effective part of any gain or loss on the financial instrument is considered as construction cost and is presented as an operational result based upon the percentage of completion of the contract.The fair value variation itself however is not considered for determining the percentage of completion ofthe contract and deferred hedge charges and income are not part of contract assets or contract liabilities as these are stated at hedge rate and not at market rate. Deferred hedge charges and income are included in other current assets and other current liabilities.Fair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-93-6": {
   "value": "DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGThe company uses derivative financial instruments primarily to reduce exposure to adverse fluctuations in interest rates, foreign exchange rates, commodity prices and other market risks. As already mentioned above, the Group\u2019s policy prohibits the use of derivatives for speculation. The company does not hold or issue derivative financial instruments for trading purposes.However, derivatives which do not qualify as hedging instruments as defined by IFRS 9 are presented as instruments held for trading. Derivative financial instruments are recognised initially at cost. Subsequent to initial recognition, derivative financial instruments are measured at fair value. Recognition of any resulting unrealised gain or loss depends on the nature of the derivative and the effectiveness of the hedge. The fair value of interest-rate swaps is the estimated amount that the company would receive or pay when exercising the swaps at the closing date, taking into account current interest rates and the solvency of the swap counterparty. The fair value of a forward-exchange contract is the quoted value at the closing date, and therefore the present value of the quoted forward price.Hedge accounting is applicable if all criteria in the IFRS 9 standard are fulfilled: \u2012 there is formal designation and documentation for the hedging relationship at the inception of this relationship; \u2012 the economic relationship between the hedged item and the hedging; \u2012 instrument and the potential sources of ineffectiveness must be documented; \u2012 the retrospective ineffectiveness must be assessed at each closing.Variations of fair value between periods are recognised differently according to the accounting classification.Cash flow hedgesWhen a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction, the effective part of any gain or loss resulting from the derivative financial instrument is recognised directly in other elements of the comprehensive income and is presented in a separate reserve in equity. When the firm commitment or the expected transaction results in the recognition of an asset or liability, the cumulative gain or loss is removed from the comprehensive income and is reported under a separate reserve in the equity. Otherwise, the cumulative gain or loss is removed from equity and recognised in the income statement at the same time as the hedged transaction. The ineffective part of any gain or loss on the financial instrument is taken into result. Gains or losses resulting from the time value of financial derivative instruments are recognised in the income statement in interest income or interest expense. When a hedging instrument or hedge relationship expires but the hedged transaction is still expected to occur, the cumulative unrealised gain or loss (at that point) remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is expected not to occur, the cumulative unrealised gain or loss recognised in equity is immediately taken to income.Instruments related to construction contractsIf a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction in the framework of a construction contract (mainly forward purchases of raw materials, or foreign exchange purchases or sales), a documentation of the cash flow hedge relationship as described above will not be prepared. Any gain or loss resulting from the derivative financial instrument is recognised in the income statement. These instruments are, however, submitted to a test of efficiency based on the same methodology as utilised for hedge accounting. The effective part of any gain or loss on the financial instrument is considered as construction cost and is presented as an operational result based upon the percentage of completion of the contract.The fair value variation itself however is not considered for determining the percentage of completion ofthe contract and deferred hedge charges and income are not part of contract assets or contract liabilities as these are stated at hedge rate and not at market rate. Deferred hedge charges and income are included in other current assets and other current liabilities.Fair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-93-7": {
   "value": "DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGFair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-93-8": {
   "value": "DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGINGThe company uses derivative financial instruments primarily to reduce exposure to adverse fluctuations in interest rates, foreign exchange rates, commodity prices and other market risks. As already mentioned above, the Group\u2019s policy prohibits the use of derivatives for speculation. The company does not hold or issue derivative financial instruments for trading purposes.However, derivatives which do not qualify as hedging instruments as defined by IFRS 9 are presented as instruments held for trading. Derivative financial instruments are recognised initially at cost. Subsequent to initial recognition, derivative financial instruments are measured at fair value. Recognition of any resulting unrealised gain or loss depends on the nature of the derivative and the effectiveness of the hedge. The fair value of interest-rate swaps is the estimated amount that the company would receive or pay when exercising the swaps at the closing date, taking into account current interest rates and the solvency of the swap counterparty. The fair value of a forward-exchange contract is the quoted value at the closing date, and therefore the present value of the quoted forward price.Hedge accounting is applicable if all criteria in the IFRS 9 standard are fulfilled: \u2012 there is formal designation and documentation for the hedging relationship at the inception of this relationship; \u2012 the economic relationship between the hedged item and the hedging; \u2012 instrument and the potential sources of ineffectiveness must be documented; \u2012 the retrospective ineffectiveness must be assessed at each closing.Variations of fair value between periods are recognised differently according to the accounting classification.Cash flow hedgesWhen a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction, the effective part of any gain or loss resulting from the derivative financial instrument is recognised directly in other elements of the comprehensive income and is presented in a separate reserve in equity. When the firm commitment or the expected transaction results in the recognition of an asset or liability, the cumulative gain or loss is removed from the comprehensive income and is reported under a separate reserve in the equity. Otherwise, the cumulative gain or loss is removed from equity and recognised in the income statement at the same time as the hedged transaction. The ineffective part of any gain or loss on the financial instrument is taken into result. Gains or losses resulting from the time value of financial derivative instruments are recognised in the income statement in interest income or interest expense. When a hedging instrument or hedge relationship expires but the hedged transaction is still expected to occur, the cumulative unrealised gain or loss (at that point) remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is expected not to occur, the cumulative unrealised gain or loss recognised in equity is immediately taken to income.Instruments related to construction contractsIf a derivative financial instrument hedges variations in cash flows relating to a recognised liability, a firm commitment or an expected transaction in the framework of a construction contract (mainly forward purchases of raw materials, or foreign exchange purchases or sales), a documentation of the cash flow hedge relationship as described above will not be prepared. Any gain or loss resulting from the derivative financial instrument is recognised in the income statement. These instruments are, however, submitted to a test of efficiency based on the same methodology as utilised for hedge accounting. The effective part of any gain or loss on the financial instrument is considered as construction cost and is presented as an operational result based upon the percentage of completion of the contract.The fair value variation itself however is not considered for determining the percentage of completion ofthe contract and deferred hedge charges and income are not part of contract assets or contract liabilities as these are stated at hedge rate and not at market rate. Deferred hedge charges and income are included in other current assets and other current liabilities.Fair value hedgesWhen a derivative financial instrument hedges variations in the fair value of a recognised receivable or payable, any gain or loss resulting from the remeasurement of the hedging instrument is recognised in the income statement. The hedged item is also stated at the fair value attributable to the risk hedged, with any gain or loss being recognised in the income statement. The fair value of hedged items, in respect of the risk hedged, is their carrying amount at the balance sheet date translated into euro at the exchange rate on that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-99-3": {
   "value": "REVENUEST<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r or r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sAll segments, except for the<span class=\"_ _3\"></span> Concessions segment, which is the Group\u2019<span class=\"_ _8\"></span>s investment and dev<span class=\"_ _3\"></span>elopment vehi<span class=\"_ _3\"></span>cle, are contributing to<span class=\"_ _3\"></span> the Group\u2019s<span class=\"_ _8\"></span> turnover<span class=\"_ _8\"></span>.Consolidated t<span class=\"_ _3\"></span>urnover c<span class=\"_ _3\"></span>omprises the total of the<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>k and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed by D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ies pursuing their<span class=\"_ _8\"></span> main activ<span class=\"_ _5\"></span>ity.DEME\u2019<span class=\"_ _8\"></span>s acti<span class=\"_ _5\"></span>vities encompass dredging, l<span class=\"_ _3\"></span>and reclamat<span class=\"_ _3\"></span>ion, hydraul<span class=\"_ _3\"></span>ic engi<span class=\"_ _3\"></span>neering, construc<span class=\"_ _5\"></span>tion and services for the of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore o<span class=\"_ _5\"></span>il &amp; gas a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>new<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e ener<span class=\"_ _5\"></span>gy in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>il engineering a<span class=\"_ _3\"></span>nd environmental<span class=\"_ _8\"></span> wor<span class=\"_ _5\"></span>ks<span class=\"_ _5\"></span>. These activi<span class=\"_ _5\"></span>ties bei<span class=\"_ _5\"></span>ng con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n or e<span class=\"_ _5\"></span>xecut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice ar<span class=\"_ _5\"></span>e exec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d following a c<span class=\"_ _3\"></span>ontract with the customer<span class=\"_ _8\"></span>.The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in acco<span class=\"_ _5\"></span>rda<span class=\"_ _5\"></span>nce wi<span class=\"_ _5\"></span>th IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _3\"></span>5. Reve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s do no<span class=\"_ _5\"></span>t have any s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt financing component. Most construction and ser<span class=\"_ _5\"></span>vice contract<span class=\"_ _5\"></span>s with the c<span class=\"_ _3\"></span>ustomers involve only<span class=\"_ _3\"></span> one per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tion, which is<span class=\"_ _3\"></span> fulfilled progressively over t<span class=\"_ _5\"></span>im<span class=\"_ _5\"></span>e. <span class=\"ff61\">F<span class=\"_ _5\"></span>or a limi<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d numb<span class=\"_ _5\"></span>er of \u201c<span class=\"_ _5\"></span>EP<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>\u201d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in the </span>renewable bus<span class=\"_ _3\"></span>iness (<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>ff<span class=\"_ _5\"></span>shore wind farms<span class=\"_ _8\"></span>), multiple<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obliga<span class=\"_ _3\"></span>tions were ide<span class=\"_ _3\"></span>ntified<span class=\"_ _5\"></span>. In those cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>nop<span class=\"_ _5\"></span>ile<span class=\"_ _5\"></span>s can b<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d, as w<span class=\"_ _5\"></span>ell as t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>able l<span class=\"_ _5\"></span>ayin<span class=\"_ _5\"></span>g par<span class=\"_ _4\"></span>t and t<span class=\"_ _5\"></span>he EP<span class=\"_ _5\"></span>C and T&amp;I pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns (OS<span class=\"_ _5\"></span>S). Tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t are c<span class=\"_ _5\"></span>apa<span class=\"_ _5\"></span>ble o<span class=\"_ _5\"></span>f bei<span class=\"_ _5\"></span>ng dis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and ar<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the c<span class=\"_ _5\"></span>onte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, and a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly ar<span class=\"_ _5\"></span>e considered as<span class=\"_ _3\"></span> separate per<span class=\"_ _5\"></span>formance oblig<span class=\"_ _3\"></span>ations.Whe<span class=\"_ _5\"></span>re a con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al dis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce obligations, the Group<span class=\"_ _8\"></span> allocates the overall<span class=\"_ _3\"></span> price of the<span class=\"_ _8\"></span> contract to each performance obligation<span class=\"_ _3\"></span> in acc<span class=\"_ _3\"></span>ordance<span class=\"_ _8\"></span> with IFRS 1<span class=\"_ _2\"></span>5. That price corresponds to<span class=\"_ _3\"></span> the amount<span class=\"_ _3\"></span> of the co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on to w<span class=\"_ _5\"></span>hich i<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e enti<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The most common variable<span class=\"_ _3\"></span> considerations such<span class=\"_ _3\"></span> as the steel<span class=\"_ _3\"></span> price, fuel consu<span class=\"_ _3\"></span>mption or design<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ice modifications shall o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y be in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on pr<span class=\"_ _5\"></span>ice t<span class=\"_ _5\"></span>o the ex<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s high<span class=\"_ _5\"></span>ly pr<span class=\"_ _5\"></span>ob<span class=\"_ _5\"></span>able t<span class=\"_ _5\"></span>hat a s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>nt reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al in t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>venu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d will n<span class=\"_ _5\"></span>ot o<span class=\"_ _5\"></span>ccur. When the p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>e incl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s a var<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, su<span class=\"_ _5\"></span>ch as a per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rman<span class=\"_ _5\"></span>ce bo<span class=\"_ _5\"></span>nus o<span class=\"_ _5\"></span>r a claim<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>es that consideration<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom the moment<span class=\"_ _8\"></span> that agreement is<span class=\"_ _3\"></span> reached with the cl<span class=\"_ _3\"></span>ient.The<span class=\"_ _5\"></span>re are n<span class=\"_ _5\"></span>o IFR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>5 s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce-t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ies<span class=\"_ _5\"></span>.The Group has<span class=\"_ _8\"></span> concluded that reven<span class=\"_ _3\"></span>ue from construction and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>ould b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed <span class=\"ff6a\">ove<span class=\"_ _5\"></span>r ti<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>. </span>A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>tion r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t whi<span class=\"_ _5\"></span>ch our performance obligations a<span class=\"_ _3\"></span>re fulfilledcor<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fer o<span class=\"_ _5\"></span>f con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>od o<span class=\"_ _5\"></span>r ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce to our c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. W<span class=\"_ _5\"></span>hen t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is no tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of control throug<span class=\"_ _3\"></span>hout the contract revenu<span class=\"_ _3\"></span>e is stillrec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d over t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ated h<span class=\"_ _5\"></span>as no a<span class=\"_ _5\"></span>lter<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as th<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>hat an enf<span class=\"_ _5\"></span>orce<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e rig<span class=\"_ _5\"></span>ht to p<span class=\"_ _5\"></span>ayme<span class=\"_ _5\"></span>nt e<span class=\"_ _5\"></span>xis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>nce complete<span class=\"_ _5\"></span>d to date.Reven<span class=\"_ _5\"></span>ue fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s is rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e to the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>age o<span class=\"_ _5\"></span>f com<span class=\"_ _5\"></span>ple<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he contract activ<span class=\"_ _5\"></span>ity at the end of<span class=\"_ _3\"></span> the reporting period, measured based on the<span class=\"_ _3\"></span> propor<span class=\"_ _5\"></span>tion of contract costs incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r wor<span class=\"_ _5\"></span>k per<span class=\"_ _4\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d to da<span class=\"_ _5\"></span>te rel<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve to th<span class=\"_ _5\"></span>e es<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d tot<span class=\"_ _5\"></span>al con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt w<span class=\"_ _5\"></span>here t<span class=\"_ _5\"></span>his wo<span class=\"_ _5\"></span>uld not b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>tag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>eti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. A cor<span class=\"_ _5\"></span>rec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>s made f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f mat<span class=\"_ _5\"></span>eria<span class=\"_ _5\"></span>l (e.g. s<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>el) th<span class=\"_ _5\"></span>at is pur<span class=\"_ _5\"></span>chas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d but n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t manu<span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>d or ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the production process at the reporting date. When<span class=\"_ _3\"></span> the outcome of a<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truc<span class=\"_ _5\"></span>tion contract cannot be estimated<span class=\"_ _3\"></span> reli<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y, contra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t reve<span class=\"_ _5\"></span>nue is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>nt of pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t will p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y be r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>able<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d in whi<span class=\"_ _5\"></span>ch the<span class=\"_ _5\"></span>y are in<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>. Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>ulf<span class=\"_ _5\"></span>il a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d in re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of the satisfac<span class=\"_ _5\"></span>tion of the<span class=\"_ _3\"></span> per<span class=\"_ _5\"></span>formance obligat<span class=\"_ _3\"></span>ion hav<span class=\"_ _3\"></span>e no mate<span class=\"_ _5\"></span>rial i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d marg<span class=\"_ _5\"></span>in of th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch, t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are al<span class=\"_ _5\"></span>so rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d are in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the st<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>mple<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on. W<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e that t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l exce<span class=\"_ _5\"></span>ed to<span class=\"_ _5\"></span>tal c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>evenu<span class=\"_ _5\"></span>e, th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>e imme<span class=\"_ _5\"></span>diat<span class=\"_ _5\"></span>ely.When there a<span class=\"_ _3\"></span>re major<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>traints on transferring cash from the working cou<span class=\"_ _3\"></span>ntry to the head office, the profit on a cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct i<span class=\"_ _5\"></span>s onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>cogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on a c<span class=\"_ _5\"></span>ash b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>.Other operating incomeOt<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing in<span class=\"_ _5\"></span>come i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s the ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>angi<span class=\"_ _5\"></span>ble a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the g<span class=\"_ _5\"></span>ain on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant an<span class=\"_ _5\"></span>d equi<span class=\"_ _5\"></span>pme<span class=\"_ _5\"></span>nt as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, nex<span class=\"_ _5\"></span>t to other<span class=\"_ _8\"></span> non recurring income.The la<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>uran<span class=\"_ _5\"></span>ce inc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th res<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s to our ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>ment<span class=\"_ _5\"></span>, a<span class=\"_ _5\"></span>s well as liq<span class=\"_ _5\"></span>uida<span class=\"_ _5\"></span>ted da<span class=\"_ _5\"></span>mage<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of a construc<span class=\"_ _5\"></span>tion contract of new equ<span class=\"_ _3\"></span>ipment only<span class=\"_ _3\"></span> if it comp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>crem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ed du<span class=\"_ _5\"></span>e to late delivery of the new equ<span class=\"_ _3\"></span>ipment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-3": {
   "value": "FINANCIAL RESULTDividend income (from non-consolidated participations) is recognised when the shareholder\u2019s right to receive payment has been established (provided that it isprobable that the economic benefits will flow to the Group and the amount of income can be reliably measured).Other financial expenses mainly relate to costs incurred for project related bank guarantees.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-4": {
   "value": "FINANCIAL RESULTInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable.All interest expenses and other costs incurred in connection with borrowings, except those which were eligible to be capitalised, are expensed. The interest expense is recognised in the income statement using the effective interest rate method.Interest income and interest expense also include gains or losses resulting from the time value of financial derivative instruments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-5": {
   "value": "FINANCIAL RESULTDividend income (from non-consolidated participations) is recognised when the shareholder\u2019s right to receive payment has been established (provided that it isprobable that the economic benefits will flow to the Group and the amount of income can be reliably measured).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-6": {
   "value": "FINANCIAL RESULTInterest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable.All interest expenses and other costs incurred in connection with borrowings, except those which were eligible to be capitalised, are expensed. The interest expense is recognised in the income statement using the effective interest rate method.Interest income and interest expense also include gains or losses resulting from the time value of financial derivative instruments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-108-8": {
   "value": "GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODThe s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 to the pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er in th<span class=\"_ _5\"></span>e comp<span class=\"_ _5\"></span>any. The s<span class=\"_ _5\"></span>ame ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ed for H<span class=\"_ _5\"></span>ydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>o SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dorm<span class=\"_ _5\"></span>ant co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny in the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s had a very immaterial<span class=\"_ _3\"></span> impact on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.Bu<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss co<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ls i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e  o<span class=\"_ _5\"></span>f 2<span class=\"_ _5\"></span>021There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations, nor disposals <span class=\"ls3 ws3\"> </span>i<span class=\"_ _5\"></span>n 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21.BUSINESS COMBINA<span class=\"_ _6\"></span>TIONS A<span class=\"_ _5\"></span>ND DISPOSAL<span class=\"_ _5\"></span>S IN THE COURSE O<span class=\"_ _5\"></span>F 202<span class=\"_ _8\"></span>2 AN<span class=\"_ _5\"></span>D 202<span class=\"_ _2\"></span>1Business combinations and<span class=\"_ _3\"></span> disposals in th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations in<span class=\"_ _3\"></span> 20<span class=\"_ _3\"></span>22<span class=\"_ _3\"></span>.Within the Off<span class=\"_ _5\"></span>shore Energy segment<span class=\"_ _3\"></span> the compan<span class=\"_ _3\"></span>y Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>ding BV a<span class=\"_ _5\"></span>nd i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tems BV w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d as p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t of a m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt buy<span class=\"_ _5\"></span>out<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is s<span class=\"_ _5\"></span>ale ha<span class=\"_ _5\"></span>s an imma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he financial statements. The manufacturing and<span class=\"_ _3\"></span> trading vehic<span class=\"_ _5\"></span>le S<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ec wa<span class=\"_ _5\"></span>s acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d in 2020 as pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. DEME s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>red e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y on t<span class=\"_ _5\"></span>he suction pump equipme<span class=\"_ _3\"></span>nt manufacturing ex<span class=\"_ _3\"></span>ecuted by Seatec throug<span class=\"_ _3\"></span>h a framework ag<span class=\"_ _3\"></span>reement.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>Ga<span class=\"_ _5\"></span>in o<span class=\"_ _5\"></span>n di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"ff70\"> in 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le of a<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>res i<span class=\"_ _5\"></span>n Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s to ou<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e </span>comp<span class=\"_ _5\"></span>any. In 2021 the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e gain o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of 1<span class=\"_ _3\"></span>2.5% pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Gm<span class=\"_ _5\"></span>bh<span class=\"_ _5\"></span>, a Ge<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>n win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>m. Al<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e too<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in 2020<span class=\"_ _5\"></span>, an ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>ain o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2.<span class=\"_ _8\"></span>1 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R wa<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 as th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le and final settlement of a<span class=\"_ _3\"></span> contingent consideration<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>eviously account<span class=\"_ _3\"></span>ed for<span class=\"_ _8\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Concessions, Other 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _20f\"> </span>4,096<span class=\"_ _1ee\"> </span>4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _21e\"> </span>1,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _9d\"> </span><span class=\"ls1c ws26\">37<span class=\"_ _5\"></span>1<span class=\"_ _2b\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>5</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _27e\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _14e\"> </span><span class=\"lsa wsb\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>24<span class=\"_ _169\"> </span>1,<span class=\"_ _5\"></span>324</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853<span class=\"_ _2b\"> </span></span>-<span class=\"_ _91\"> </span><span class=\"ls6b ws78\">-<span class=\"_ _5\"></span>853</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _257\"> </span>5,<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>34,4<span class=\"_ _5\"></span>08<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">13,588<span class=\"_ _af\"> </span><span class=\"ls57 ws60\">53,<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>6</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _27f\"> </span>4,096<span class=\"_ _27d\"> </span><span class=\"lsc1 wscd\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span></span>9,078<span class=\"_ _1ee\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _1a3\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _14e\"> </span><span class=\"ls57 ws60\">3,056<span class=\"_ _e0\"> </span></span>885<span class=\"_ _213\"> </span><span class=\"ls82 ws90\">3,9<span class=\"_ _5\"></span>42</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _f7\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls7e ws8c\">-12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-15<span class=\"_ _4\"></span>6<span class=\"_ _179\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _27d\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _15a\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>94<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>9,52<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _1a3\"> </span>-<span class=\"_ _af\"> </span>22<span class=\"_ _5\"></span>,30<span class=\"_ _5\"></span>8<span class=\"_ _15a\"> </span><span class=\"lsf ws13\">3<span class=\"_ _5\"></span>,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _13c\"> </span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>4<span class=\"_ _1ee\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>26<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,644<span class=\"_ _1ee\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>15</span></span>NOTE 4 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AN<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>BLE <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>SConcessions,<span class=\"ls3 ws3\"> </span>Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Development patents, intangible<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lcost<span class=\"_ _5\"></span>s(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)licences, etc<span class=\"_ _5\"></span>.assetsAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _134\"> </span>4,<span class=\"_ _5\"></span>007<span class=\"_ _27d\"> </span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>57<span class=\"_ _14e\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _1ee\"> </span><span class=\"ls4c ws5f\">6<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>527</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _280\"> </span>-<span class=\"_ _14e\"> </span>1,620<span class=\"_ _95\"> </span><span class=\"ls36 ws3d\">288<span class=\"_ _213\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _1c6\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _2d\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _8f\"> </span></span>-1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _7c\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _14e\"> </span><span class=\"ls84 ws92\">4<span class=\"_ _5\"></span>,065<span class=\"_ _213\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _93\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls59 ws62\">63,4<span class=\"_ _5\"></span>04</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _27f\"> </span>4,004<span class=\"_ _af\"> </span>23,625<span class=\"_ _213\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">35,<span class=\"_ _5\"></span>592</span></span>Amor<span class=\"_ _5\"></span>tisation of the<span class=\"_ _3\"></span> year<span class=\"_ _20c\"> </span>3<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _ce\"> </span><span class=\"ls8b ws99\">474<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>413</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _16e\"> </span>89<span class=\"_ _7a\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>5<span class=\"_ _c0\"> </span><span class=\"ls87 ws95\">-33<span class=\"_ _15a\"> </span></span>-1<span class=\"_ _4\"></span>,12<span class=\"_ _7\"></span>9</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _cc\"> </span>-<span class=\"_ _5\"></span>660<span class=\"_ _9d\"> </span><span class=\"ls8b ws99\">674<span class=\"_ _32\"> </span><span class=\"ls56 ws5e\">14</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _1d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span>1<span class=\"_ _26\"> </span>-<span class=\"_ _3d\"> </span>1</span>Additions through<span class=\"_ _8\"></span> busines<span class=\"_ _5\"></span>s combi<span class=\"_ _3\"></span>nations<span class=\"_ _133\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _34\"> </span>4,09<span class=\"_ _8\"></span>6<span class=\"_ _93\"> </span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>17<span class=\"_ _14e\"> </span><span class=\"ls3 ws3\">9,078<span class=\"_ _93\"> </span><span class=\"ls1a4 ws1cb\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _20c\"> </span>3<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>932<span class=\"_ _2b\"> </span></span>-<span class=\"_ _27d\"> </span><span class=\"ls6b ws78\">24<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>5</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _23d\"> </span>-<span class=\"_ _af\"> </span>22,<span class=\"_ _5\"></span>308<span class=\"_ _213\"> </span><span class=\"lsf ws13\">3,205<span class=\"_ _1ee\"> </span><span class=\"ls137 ws144\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>513</span></span>NOTE 5 <span class=\"_ _5\"></span>\u2013 G<span class=\"_ _5\"></span>OODWILL(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _1bf\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _278\"> </span><span class=\"ls137 ws144\">13,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _49\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9</span>Acquisitions through business combinations<span class=\"_ _76\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _281\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dispos<span class=\"_ _5\"></span>als<span class=\"_ _1cf\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _281\"> </span>-</span>yearImpairm<span class=\"_ _5\"></span>ent los<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _197\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _218\"> </span><span class=\"ls76 ws84\">-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>11</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1b6\"> </span><span class=\"ls137 ws144\">13,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1b5\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span>Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Floating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r <span class=\"_ _6\"></span> Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _13c\"> </span>90,204<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _af\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _10c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _7e\"> </span><span class=\"ls79 ws87\">8,<span class=\"_ _5\"></span>252<span class=\"_ _8f\"> </span>42<span class=\"_ _5\"></span>,052</span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _169\"> </span></span>-3,309<span class=\"_ _213\"> </span><span class=\"ls59 ws62\">-4,30<span class=\"_ _5\"></span>8<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-17,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>8</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _27\"> </span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _8d\"> </span>-39<span class=\"_ _5\"></span>1<span class=\"_ _35\"> </span>385<span class=\"_ _2e\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>4<span class=\"_ _167\"> </span><span class=\"ls76 ws84\">118</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28e\"> </span><span class=\"ls88 ws96\">-22<span class=\"_ _39\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls7b ws89\">-63<span class=\"_ _167\"> </span><span class=\"ls16 ws1d\">-84</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>99,<span class=\"_ _5\"></span>303<span class=\"_ _8f\"> </span>21<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>410<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>8<span class=\"_ _15f\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _28f\"> </span>23,09<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _290\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _cc\"> </span>6,40<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _8f\"> </span><span class=\"ls7c ws8a\">28,<span class=\"_ _5\"></span>582</span></span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _15b\"> </span>-7<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _168\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>16<span class=\"_ _169\"> </span><span class=\"ls75 ws82\">-3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _78\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _32\"> </span>-<span class=\"_ _5\"></span>51<span class=\"_ _27\"> </span></span>-</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _20\"> </span>15<span class=\"_ _5\"></span>3<span class=\"_ _1d9\"> </span><span class=\"lsc wsd\">51<span class=\"_ _1d9\"> </span><span class=\"ls7b ws89\">63</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _16f\"> </span><span class=\"ls75 ws82\">109<span class=\"_ _27\"> </span></span>-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _31\"> </span><span class=\"lse ws12\">89</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _cb\"> </span>29,<span class=\"_ _5\"></span>639<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>,759<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">20,468<span class=\"_ _202\"> </span><span class=\"ls57 ws60\">59,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _19b\"> </span>6<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _91\"> </span>5,008<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _202\"> </span><span class=\"lsf ws13\">90,620</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _6d\"> </span>69,66<span class=\"_ _5\"></span>4<span class=\"_ _8f\"> </span>11,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _15a\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _202\"> </span><span class=\"ls38 ws41\">98,994</span></span>NOTE 7 <span class=\"_ _5\"></span>\u2013 RI<span class=\"_ _5\"></span>GH<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>OF<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>USE <span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>SET<span class=\"_ _5\"></span>SFloating<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd and other<span class=\"ls3 ws3\"> </span>Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd Right<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>of-use<span class=\"_ _3\"></span> buildingsconstruc<span class=\"_ _5\"></span>tion vehicles(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _13c\"> </span>7<span class=\"_ _3\"></span>4,909<span class=\"_ _202\"> </span>10,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>2<span class=\"_ _202\"> </span><span class=\"ls36 ws3d\">24,96<span class=\"_ _5\"></span>9<span class=\"_ _15f\"> </span><span class=\"ls38 ws41\">1<span class=\"_ _3\"></span>10,830</span></span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _291\"> </span>25,97<span class=\"_ _2\"></span>4<span class=\"_ _91\"> </span>3,428<span class=\"_ _213\"> </span><span class=\"ls76 ws84\">11,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _213\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _90\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>332<span class=\"_ _164\"> </span>-2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _77\"> </span></span>-1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>3</span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _13c\"> </span>1<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _20\"> </span>295<span class=\"_ _2e\"> </span><span class=\"ls75 ws82\">101<span class=\"_ _7f\"> </span><span class=\"ls78 ws86\">1,52<span class=\"_ _5\"></span>2</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>90<span class=\"_ _3\"></span>,204<span class=\"_ _202\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>376<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _27d\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _21e\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>75<span class=\"_ _1d\"> </span>5,9<span class=\"_ _5\"></span>80<span class=\"_ _202\"> </span><span class=\"ls3f ws67\">10,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>58<span class=\"_ _7a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>13</span></span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _102\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>43<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">3,364<span class=\"_ _7f\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _213\"> </span></span></span>2<span class=\"_ _5\"></span>1,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _109\"> </span>-6<span class=\"_ _5\"></span>,386<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>2<span class=\"_ _14e\"> </span>-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _235\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Movement<span class=\"_ _5\"></span>s T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _42\"> </span>-<span class=\"_ _a9\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _88\"> </span><span class=\"lsc wsd\">-51<span class=\"_ _1e7\"> </span></span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1</span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _226\"> </span><span class=\"ls7a ws88\">458<span class=\"_ _20\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span></span>49<span class=\"_ _35\"> </span><span class=\"ls57 ws60\">622</span></span>Acquisitions through business combinations<span class=\"_ _28e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _133\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _cb\"> </span>23,090<span class=\"_ _cc\"> </span>5,<span class=\"_ _5\"></span>367<span class=\"_ _202\"> </span><span class=\"lsa wsb\">15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _8f\"> </span><span class=\"ls8 ws8\">4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _ba\"> </span>56,434<span class=\"_ _1e\"> </span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>972<span class=\"_ _8f\"> </span><span class=\"ls5a ws63\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>11<span class=\"_ _15a\"> </span><span class=\"ls79 ws87\">75,<span class=\"_ _5\"></span>917</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _7b\"> </span>6<span class=\"_ _4\"></span>7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span>5,0<span class=\"_ _5\"></span>09<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>97<span class=\"_ _202\"> </span><span class=\"lsf ws13\">9<span class=\"_ _5\"></span>0,620</span></span>NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-106-3": {
   "value": "Asso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDred<span class=\"_ _5\"></span>ging, Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al &amp; Marine Engine<span class=\"_ _5\"></span>ering NV<span class=\"_ _84\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%</span>Ba<span class=\"_ _5\"></span>gger<span class=\"_ _4\"></span>wer<span class=\"_ _5\"></span>ken D<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>dt en Z<span class=\"_ _5\"></span>oon N<span class=\"_ _5\"></span>V<span class=\"_ _165\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Cat<span class=\"_ _5\"></span>hie A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding C<span class=\"_ _5\"></span>VB<span class=\"_ _5\"></span>A<span class=\"_ _206\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Deepte<span class=\"_ _5\"></span>ch NV<span class=\"_ _207\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls NV<span class=\"_ _208\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Concessions NV<span class=\"_ _209\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Concessions Wind NV<span class=\"_ _44\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Coordination Center NV<span class=\"_ _162\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Dredg<span class=\"_ _3\"></span>ing NV<span class=\"_ _124\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV<span class=\"_ _102\"> </span>Belgium<span class=\"_ _4b\"> </span>100<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s NV<span class=\"_ _20a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ea S<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns NV<span class=\"_ _208\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore B<span class=\"_ _5\"></span>E NV<span class=\"_ _db\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore E<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent S<span class=\"_ _5\"></span>A (for<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y G-t<span class=\"_ _5\"></span>ec O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e SA)<span class=\"_ _1f7\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore H<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>ing NV<span class=\"_ _16e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional NV<span class=\"_ _20b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Ge<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>nd NV<span class=\"_ _20c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Glo<span class=\"_ _5\"></span>bal S<span class=\"_ _5\"></span>ea Mi<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al Re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s NV<span class=\"_ _20d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>A<span class=\"_ _20e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>High W<span class=\"_ _5\"></span>ind NV<span class=\"_ _20f\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Logimar<span class=\"_ _5\"></span>ine NV<span class=\"_ _210\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME Environment<span class=\"_ _5\"></span>al NV<span class=\"_ _211\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ecoterre<span class=\"_ _5\"></span>s SA<span class=\"_ _212\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ekos<span class=\"_ _5\"></span>to N<span class=\"_ _5\"></span>V<span class=\"_ _1b3\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Hy<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>t Oo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>de Hol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V<span class=\"_ _118\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME Bl<span class=\"_ _5\"></span>ue Ene<span class=\"_ _5\"></span>rgy N<span class=\"_ _5\"></span>V<span class=\"_ _103\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls35 ws43\">69.99%<span class=\"_ _cc\"> </span>69.99%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns Wor<span class=\"_ _5\"></span>ldw<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e NV<span class=\"_ _213\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _59\"> </span><span class=\"lsf ws13\">54<span class=\"_ _5\"></span>.38%<span class=\"_ _1d\"> </span>54<span class=\"_ _5\"></span>.38%<span class=\"_ _78\"> </span><span class=\"ls18 ws20\">Dredging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Gro<span class=\"_ _5\"></span>nd Re<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ycla<span class=\"_ _5\"></span>ge Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um NV<span class=\"_ _105\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls3f ws67\">52<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>43%<span class=\"_ _7e\"> </span>52.<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>GRC Zo<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r NV<span class=\"_ _214\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.70<span class=\"_ _4\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Filterre<span class=\"_ _5\"></span>s SA<span class=\"_ _1a3\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _8b\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _168\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>So<span class=\"_ _5\"></span>yo Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gem LDA<span class=\"_ _f5\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragagem Angola Servi\u00e7os Lda<span class=\"_ _215\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Argentina SA<span class=\"_ _4d\"> </span>Argen<span class=\"_ _5\"></span>tina<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal Au<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>lia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _12e\"> </span>Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia<span class=\"_ _59\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ge<span class=\"_ _5\"></span>oSe<span class=\"_ _5\"></span>a Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _216\"> </span>Aust<span class=\"_ _5\"></span>ralia<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>(1)(1)Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Bahrain WL<span class=\"_ _5\"></span>L<span class=\"_ _217\"> </span><span class=\"ls19 ws16\">Bahrain<span class=\"_ _19a\"> </span><span class=\"ls7a ws88\">49%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragabras Ser<span class=\"_ _5\"></span>vi\u00e7os de Dragagem<span class=\"_ _3\"></span> Ltda<span class=\"_ _122\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEC do Br<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>il Eng<span class=\"_ _5\"></span>enhar<span class=\"_ _5\"></span>ia A<span class=\"_ _5\"></span>mbie<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Ltda<span class=\"_ _125\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _218\"> </span><span class=\"lse ws12\">0%<span class=\"_ _167\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span></span></span>Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.Unt<span class=\"_ _5\"></span>il June 2<span class=\"_ _5\"></span>9, 2022, <span class=\"ff6a ls34 ws3e\">Dredging, Environmental &amp; Marine Engineering NV </span>(DEME N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, was t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>. On th<span class=\"_ _5\"></span>at dat<span class=\"_ _5\"></span>e CFE NV t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take in D<span class=\"_ _5\"></span>EME NV t<span class=\"_ _5\"></span>o a new<span class=\"_ _5\"></span>ly cr<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpany, DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV<span class=\"_ _3\"></span>, by mea<span class=\"_ _5\"></span>ns of a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rger a<span class=\"_ _5\"></span>nd as s<span class=\"_ _5\"></span>uch <span class=\"ff6a ls8c ws54\">DEME Group NV</span> beca<span class=\"_ _5\"></span>me th<span class=\"_ _5\"></span>e new p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt com<span class=\"_ _5\"></span>pany. DEME N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, as a s<span class=\"_ _5\"></span>ubh<span class=\"_ _5\"></span>oldi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, is now i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the li<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>s a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o pri<span class=\"_ _5\"></span>or ye<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is ma<span class=\"_ _5\"></span>de to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>6) Shar<span class=\"_ _5\"></span>e cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al, di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es fo<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e information.DEME Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l NV<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, i<span class=\"_ _5\"></span>s own<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or 25.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% by a t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. In the Dre<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t ther<span class=\"_ _5\"></span>e are s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">non-con<span class=\"_ _5\"></span>trolling interest<span class=\"_ _5\"></span>s </span>in the ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te and m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s and in t<span class=\"_ _5\"></span>he dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y som<span class=\"_ _5\"></span>e min<span class=\"_ _5\"></span>or int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e hol<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame ex<span class=\"_ _5\"></span>ternal partner holds int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in two su<span class=\"_ _3\"></span>bsidiaries of the<span class=\"_ _3\"></span> Group. In the<span class=\"_ _3\"></span> Of<span class=\"_ _5\"></span>fshore se<span class=\"_ _5\"></span>gment there<span class=\"_ _8\"></span> are no non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Refe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>rehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e consolidated statement of<span class=\"_ _3\"></span> changes in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity for more information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>.SUBSIDIARIES (FULL<span class=\"_ _6\"></span>Y CONSOLIDA<span class=\"_ _6\"></span>TED<span class=\"_ _3\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>A Ltd<span class=\"_ _d1\"> </span>Canada<span class=\"_ _48\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Management Consulting Shanghai Ltd<span class=\"_ _219\"> </span><span class=\"ls18 ws20\">China<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Hon<span class=\"_ _5\"></span>g Kong S<span class=\"_ _5\"></span>AR Far Eas<span class=\"_ _5\"></span>t Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng Ltd10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>ChinaBellsea Ltd<span class=\"_ _18a\"> </span>Cyp<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Cypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _21a\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional C<span class=\"_ _8\"></span>y<span class=\"_ _5\"></span>prus Ltd<span class=\"_ _1fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _4\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s C<span class=\"_ _8\"></span>ypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _1b8\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Novadeal L<span class=\"_ _3\"></span>td<span class=\"_ _21b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>T<span class=\"_ _8\"></span>.C.<span class=\"_ _5\"></span>M.C. The Channe<span class=\"_ _5\"></span>l Management Comp<span class=\"_ _5\"></span>any Ltd<span class=\"_ _26\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>K SA<span class=\"_ _5\"></span>S<span class=\"_ _fe\"> </span>Denmark<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore F<span class=\"_ _5\"></span>R SA<span class=\"_ _5\"></span>S<span class=\"_ _21c\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>AS<span class=\"_ _21d\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Soci\u00e9<span class=\"_ _5\"></span>t\u00e9 de Dragage Interna<span class=\"_ _5\"></span>tional SA<span class=\"_ _217\"> </span>Fr<span class=\"_ _5\"></span>ance<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra / Nordsee Nassbagger<span class=\"_ _3\"></span>- und<span class=\"_ _3\"></span> Tiefbau GmbH<span class=\"_ _21e\"> </span>Germany<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore EnergyOam-<span class=\"_ _5\"></span>Deme Miner<span class=\"_ _5\"></span>ali\u00ebn GmbH<span class=\"_ _137\"> </span>Germany<span class=\"_ _43\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H<span class=\"_ _f7\"> </span>Germany<span class=\"_ _5d\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls Ltd<span class=\"_ _21f\"> </span><span class=\"ls18 ws20\">United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>New<span class=\"_ _5\"></span>Wave<span class=\"_ _5\"></span>s Sol<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ions Lt<span class=\"_ _5\"></span>d<span class=\"_ _220\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e UK Ltd<span class=\"_ _221\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al India Pv<span class=\"_ _5\"></span>t Ltd<span class=\"_ _217\"> </span>India<span class=\"_ _222\"> </span><span class=\"ls7f ws8d\">9<span class=\"_ _5\"></span>9.<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>%<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>.97<span class=\"_ _5\"></span>%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aInte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>eap<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g P<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>t Ltd<span class=\"_ _f2\"> </span><span class=\"ls18 ws20\">In<span class=\"_ _5\"></span>dia<span class=\"_ _222\"> </span><span class=\"lsd9 wse4\">93.6<span class=\"_ _4\"></span>4%<span class=\"_ _91\"> </span>93<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span>(3)(3)PT Dredging I<span class=\"_ _3\"></span>nternational I<span class=\"_ _3\"></span>ndonesia<span class=\"_ _1d4\"> </span><span class=\"ls3a ws3f\">Indonesia<span class=\"_ _2b\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aSocieta<span class=\"_ _8\"></span> Italian<span class=\"_ _8\"></span>a Dragag<span class=\"_ _3\"></span>gi<span class=\"_ _3\"></span> Spa<span class=\"_ _1f8\"> </span>Italy<span class=\"_ _12a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Japan Ltd<span class=\"_ _6d\"> </span>Japan<span class=\"_ _121\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Apollo Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _223\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Bon<span class=\"_ _5\"></span>ny Ri<span class=\"_ _5\"></span>ver Sh<span class=\"_ _5\"></span>ippin<span class=\"_ _5\"></span>g SA<span class=\"_ _224\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>CRiver Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _225\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Del<span class=\"_ _5\"></span>ta R<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er Ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g SA<span class=\"_ _5f\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SA<span class=\"_ _28\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU P<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Shipp<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>A<span class=\"_ _1b7\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Innovation Sh<span class=\"_ _3\"></span>ipping SA<span class=\"_ _fe\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span>Meuse River Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _220\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Sa<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>indi RE S<span class=\"_ _5\"></span>A<span class=\"_ _226\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Spar<span class=\"_ _5\"></span>tacus Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _227\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A<span class=\"_ _103\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _88\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Sdn B<span class=\"_ _5\"></span>hd<span class=\"_ _db\"> </span>Malay<span class=\"_ _5\"></span>sia<span class=\"_ _29\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>alay<span class=\"_ _5\"></span>sia S<span class=\"_ _5\"></span>dn Bhd<span class=\"_ _21e\"> </span><span class=\"ls19 ws16\">Malaysia <span class=\"_ _38\"> </span>30%</span>30%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aHydrogeo SARL<span class=\"_ _228\"> </span><span class=\"lsf ws13\">Morocco<span class=\"_ _3f\"> </span></span>0%<span class=\"_ _23\"> </span>60%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ico S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _147\"> </span>M<span class=\"_ _5\"></span>exico<span class=\"_ _49\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Log<span class=\"_ _5\"></span>imar<span class=\"_ _5\"></span>ine S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _221\"> </span>Mex<span class=\"_ _5\"></span>ico<span class=\"_ _229\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragamoz Lda<span class=\"_ _214\"> </span>Mozamb<span class=\"_ _5\"></span>ique<span class=\"_ _9d\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Ear<span class=\"_ _5\"></span>th Moving Interna<span class=\"_ _5\"></span>tional Nigeria Ltd<span class=\"_ _11b\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Nov<span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>al EKO FZE<span class=\"_ _1c4\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and En<span class=\"_ _5\"></span>vir<span class=\"_ _5\"></span>onme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _86\"> </span>Nig<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(1)(1)Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s (Nigeria) L<span class=\"_ _8\"></span>t<span class=\"_ _5\"></span>d<span class=\"_ _49\"> </span><span class=\"ls3 ws3\">Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span></span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(2)(2)Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _166\"> </span><span class=\"ls18 ws20\">Nigeria<span class=\"_ _27\"> </span><span class=\"ls7d ws8b\">21.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>%</span></span>21.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDredging Interna<span class=\"_ _5\"></span>tional de Panama SA<span class=\"_ _22a\"> </span>Panama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.(2) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 54<span class=\"_ _5\"></span>.375%<span class=\"_ _5\"></span>.(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCorpo<span class=\"_ _3\"></span>racio<span class=\"_ _3\"></span>n Are<span class=\"_ _8\"></span>nera Ma<span class=\"_ _8\"></span>rina SA<span class=\"_ _131\"> </span>P<span class=\"_ _5\"></span>anama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>co PNG Lt<span class=\"_ _5\"></span>d<span class=\"_ _106\"> </span>Papua<span class=\"_ _8\"></span> New Guinea<span class=\"_ _89\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Berin Engenharia Dra<span class=\"_ _5\"></span>gagens e Ambiente SA<span class=\"_ _190\"> </span>Por<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>gal<span class=\"_ _53\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3)(3)Midd<span class=\"_ _5\"></span>le Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Comp<span class=\"_ _5\"></span>any QS<span class=\"_ _5\"></span>C<span class=\"_ _22b\"> </span><span class=\"ls34 ws3e\">Qatar <span class=\"_ _145\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragmors<span class=\"_ _5\"></span>troy LLC<span class=\"_ _1c5\"> </span>Russia<span class=\"_ _18b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Mordraga LLC<span class=\"_ _3b\"> </span>Russia<span class=\"_ _18b\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onaI S<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>di Ar<span class=\"_ _5\"></span>abia C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _1b8\"> </span>S<span class=\"_ _5\"></span>audi Arabia<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dr<span class=\"_ _5\"></span>agaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>a Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _f3\"> </span>Singapore<span class=\"_ _22\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _18e\"> </span>Singapor<span class=\"_ _5\"></span>e<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th Af<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ca P<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _18b\"> </span>South-A<span class=\"_ _8\"></span>fr<span class=\"_ _5\"></span>ica<span class=\"_ _95\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Espa\u00f1a SA<span class=\"_ _1d2\"> </span><span class=\"ls18 ws20\">Spain<span class=\"_ _1b4\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Navi<span class=\"_ _5\"></span>era L<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ing Sto<span class=\"_ _5\"></span>ne SLU<span class=\"_ _fa\"> </span>Sp<span class=\"_ _5\"></span>ain<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls BV<span class=\"_ _44\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Concessions Netherlands BV<span class=\"_ _22c\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conces<span class=\"_ _5\"></span>sionsDEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore N<span class=\"_ _5\"></span>L BV<span class=\"_ _22e\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Off<span class=\"_ _5\"></span>shore Shippi<span class=\"_ _3\"></span>ng BV<span class=\"_ _208\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Nether<span class=\"_ _5\"></span>lands BV<span class=\"_ _119\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>G-t<span class=\"_ _5\"></span>ec BV<span class=\"_ _1d8\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>SPT Eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt BV<span class=\"_ _22f\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Hol<span class=\"_ _5\"></span>ding BV<span class=\"_ _216\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e BV<span class=\"_ _230\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Aann<span class=\"_ _5\"></span>emin<span class=\"_ _5\"></span>gsma<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap<span class=\"_ _5\"></span>p\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel B<span class=\"_ _5\"></span>V<span class=\"_ _7f\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel B<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>er BV<span class=\"_ _20d\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel Kus<span class=\"_ _5\"></span>t- en Oeve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wer<span class=\"_ _5\"></span>ken BV<span class=\"_ _55\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Zan<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>loi<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>maat<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>pp\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; va<span class=\"_ _5\"></span>n de Wi<span class=\"_ _5\"></span>el BV<span class=\"_ _1dd\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Milie<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>chni<span class=\"_ _5\"></span>ek De Vr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel BV  <span class=\"_ _1d3\"> </span>The Netherlands<span class=\"_ _73\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>enta<span class=\"_ _5\"></span>l</span></span>DEME Co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV<span class=\"_ _1f8\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Seatec Holding<span class=\"_ _3\"></span> BV<span class=\"_ _1c5\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _7c\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _2f\"> </span>The Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Ukraine LLC<span class=\"_ _16d\"> </span>Uk<span class=\"_ _5\"></span>raine<span class=\"_ _19a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; InfraUnit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal R<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K FZ L<span class=\"_ _5\"></span>LC10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Emira<span class=\"_ _5\"></span>tesDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S INC<span class=\"_ _d1\"> </span>USA<span class=\"_ _218\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S LLC<span class=\"_ _fd\"> </span>USA<span class=\"_ _10c\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Mar<span class=\"_ _5\"></span>ine Con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding L<span class=\"_ _5\"></span>LC<span class=\"_ _49\"> </span>USA<span class=\"_ _1d3\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Marine Construc<span class=\"_ _5\"></span>tion &amp; Solutions LLC<span class=\"_ _4c\"> </span>USA<span class=\"_ _125\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cio<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>imo<span class=\"_ _5\"></span>s Ser<span class=\"_ _4\"></span>vim<span class=\"_ _5\"></span>ar SA<span class=\"_ _20d\"> </span>Ve<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>z<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.JOINT V<span class=\"_ _5\"></span>ENTURES (EQUIT<span class=\"_ _5\"></span>Y MET<span class=\"_ _5\"></span>HOD IN FINA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L ST<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TEMENTS BUT PROP<span class=\"_ _5\"></span>ORTI<span class=\"_ _5\"></span>ONA<span class=\"_ _2\"></span>TE MET<span class=\"_ _5\"></span>HOD IN SEGME<span class=\"_ _3\"></span>NT REPORTING)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingSc<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s Sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge &amp; Ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e Cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s NV<span class=\"_ _12e\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _59\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>4.38%<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>4.38%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>S\u00e9<span class=\"_ _5\"></span>dis<span class=\"_ _5\"></span>ol SA<span class=\"_ _231\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Blue S<span class=\"_ _5\"></span>ite S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _3\"></span>.45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>W\u00e9r<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>l S<span class=\"_ _5\"></span>A<span class=\"_ _e5\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Sil<span class=\"_ _5\"></span>vamo N<span class=\"_ _5\"></span>V<span class=\"_ _1f0\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>T<span class=\"_ _2\"></span>op Wallonie NV<span class=\"_ _79\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37.45%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>ransterra<span class=\"_ _8\"></span> NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _23\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>MSB Min<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>a\u00e7\u00f5<span class=\"_ _5\"></span>es Su<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tent<span class=\"_ _5\"></span>\u00e1ve<span class=\"_ _5\"></span>is do B<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>il SA<span class=\"_ _cf\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _232\"> </span><span class=\"lsc1 wscd\">51%<span class=\"_ _233\"> </span>51%<span class=\"_ _91\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>DEME Br<span class=\"_ _5\"></span>azi<span class=\"_ _5\"></span>l Ser<span class=\"_ _4\"></span>vi\u00e7<span class=\"_ _5\"></span>os d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em Ltda<span class=\"_ _147\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _12a\"> </span><span class=\"lse ws12\">0%<span class=\"_ _22\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span></span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>Guangzhou<span class=\"_ _3\"></span> Coscocs DEME New E<span class=\"_ _3\"></span>nergy Engineering<span class=\"_ _8\"></span> Co. Ltd<span class=\"_ _234\"> </span>China<span class=\"_ _18b\"> </span><span class=\"ls35 ws43\">49<span class=\"_ _8\"></span>.9<span class=\"_ _5\"></span>9%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de Cypru<span class=\"_ _5\"></span>s Ltd<span class=\"_ _22b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _11c\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Japan Of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hore Marine Ltd<span class=\"_ _2f\"> </span>Japan<span class=\"_ _1b4\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%<span class=\"_ _31\"> </span>49<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>BNS J<span class=\"_ _5\"></span>V Ltd<span class=\"_ _18a\"> </span><span class=\"ls18 ws20\">United Kingdo<span class=\"_ _5\"></span>m<span class=\"_ _235\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Normalu<span class=\"_ _5\"></span>x Marit<span class=\"_ _5\"></span>ime SA<span class=\"_ _d1\"> </span>Luxembourg<span class=\"_ _163\"> </span><span class=\"ls83 ws91\">3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Combined Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>erminal Op<span class=\"_ _5\"></span>erati<span class=\"_ _5\"></span>ons Maraf<span class=\"_ _5\"></span>i LLC<span class=\"_ _8b\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls83 ws91\">37.<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>7.<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _202\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Gul<span class=\"_ _5\"></span>f Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Q<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ar WLL<span class=\"_ _236\"> </span>Qatar<span class=\"_ _11d\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DIA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _237\"> </span>Thailand<span class=\"_ _179\"> </span><span class=\"ls35 ws43\">48.90%<span class=\"_ _cc\"> </span>48.90%<span class=\"_ _235\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>CS<span class=\"_ _5\"></span>BC DEM<span class=\"_ _5\"></span>E Wind En<span class=\"_ _5\"></span>gine<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ing Co Ltd (CDW<span class=\"_ _5\"></span>E)<span class=\"_ _1b5\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>CDWE Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jade S<span class=\"_ _5\"></span>hip<span class=\"_ _5\"></span>own<span class=\"_ _5\"></span>er Ltd<span class=\"_ _1e1\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DBM-<span class=\"_ _5\"></span>Bon<span class=\"_ _5\"></span>trup BV<span class=\"_ _17b\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>K3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _238\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Deepro<span class=\"_ _5\"></span>ck Beheer BV<span class=\"_ _f5\"> </span><span class=\"lse ws12\">The Netherlands<span class=\"_ _1ee\"> </span></span>50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span>Deeprock<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>V<span class=\"_ _212\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>as Con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g &amp; Char<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es BV<span class=\"_ _39\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Unit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Earth Moving Middle<span class=\"_ _8\"></span> Eas<span class=\"_ _5\"></span>t Contracting DMCEST50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Emira<span class=\"_ _5\"></span>tesThe s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 to the pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er in th<span class=\"_ _5\"></span>e comp<span class=\"_ _5\"></span>any. The s<span class=\"_ _5\"></span>ame ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ed for H<span class=\"_ _5\"></span>ydr<span class=\"_ _5\"></span>oge<span class=\"_ _5\"></span>o SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dorm<span class=\"_ _5\"></span>ant co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny in the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>shor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s had a very immaterial<span class=\"_ _3\"></span> impact on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.Bu<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss co<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ls i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e  o<span class=\"_ _5\"></span>f 2<span class=\"_ _5\"></span>021There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations, nor disposals <span class=\"ls3 ws3\"> </span>i<span class=\"_ _5\"></span>n 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21.BUSINESS COMBINA<span class=\"_ _6\"></span>TIONS A<span class=\"_ _5\"></span>ND DISPOSAL<span class=\"_ _5\"></span>S IN THE COURSE O<span class=\"_ _5\"></span>F 202<span class=\"_ _8\"></span>2 AN<span class=\"_ _5\"></span>D 202<span class=\"_ _2\"></span>1Business combinations and<span class=\"_ _3\"></span> disposals in th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022There were<span class=\"_ _3\"></span> no business combi<span class=\"_ _3\"></span>nations in<span class=\"_ _3\"></span> 20<span class=\"_ _3\"></span>22<span class=\"_ _3\"></span>.Within the Off<span class=\"_ _5\"></span>shore Energy segment<span class=\"_ _3\"></span> the compan<span class=\"_ _3\"></span>y Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>ding BV a<span class=\"_ _5\"></span>nd i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tems BV w<span class=\"_ _5\"></span>ere s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d as p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t of a m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt buy<span class=\"_ _5\"></span>out<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is s<span class=\"_ _5\"></span>ale ha<span class=\"_ _5\"></span>s an imma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he financial statements. The manufacturing and<span class=\"_ _3\"></span> trading vehic<span class=\"_ _5\"></span>le S<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ec wa<span class=\"_ _5\"></span>s acqu<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d in 2020 as pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he SPT O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>. DEME s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>red e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>siv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y on t<span class=\"_ _5\"></span>he suction pump equipme<span class=\"_ _3\"></span>nt manufacturing ex<span class=\"_ _3\"></span>ecuted by Seatec throug<span class=\"_ _3\"></span>h a framework ag<span class=\"_ _3\"></span>reement.ASS<span class=\"_ _5\"></span>OCIA<span class=\"_ _2\"></span>TES (E<span class=\"_ _3\"></span>QUIT<span class=\"_ _5\"></span>Y METHOD<span class=\"_ _8\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t (Om<span class=\"_ _5\"></span>an) NV<span class=\"_ _239\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _61\"> </span><span class=\"lse ws12\">60%<span class=\"_ _166\"> </span>60%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Power@Sea NV<span class=\"_ _23a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _96\"> </span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _95\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Cons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t In<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ial P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t L<span class=\"_ _5\"></span>and N<span class=\"_ _5\"></span>V<span class=\"_ _2e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _61\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Blue O<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>n NV<span class=\"_ _134\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls88 ws96\">49<span class=\"_ _5\"></span>.9<span class=\"_ _5\"></span>4%<span class=\"_ _7e\"> </span>49.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Bluepower NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Bluechem Bui<span class=\"_ _3\"></span>lding NV<span class=\"_ _209\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">25<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Blue G<span class=\"_ _5\"></span>ate A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t NV<span class=\"_ _1d4\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls85 ws93\">25<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _91\"> </span>25.<span class=\"_ _5\"></span>46%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>erranova<span class=\"_ _8\"></span> NV<span class=\"_ _20f\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"lsa wsb\">24.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>24<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Zeeb<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>r\ue716 We<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>diep BV<span class=\"_ _100\"> </span><span class=\"ff65 ls59 ws62\">Belgium<span class=\"_ _61\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _166\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Felu<span class=\"_ _5\"></span>y M2M SA<span class=\"_ _23b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>19<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y B<span class=\"_ _5\"></span>IS NV<span class=\"_ _212\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _3\"></span>8.89%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y R<span class=\"_ _5\"></span>S N<span class=\"_ _5\"></span>V<span class=\"_ _23c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Rentel NV<span class=\"_ _23d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Hy<span class=\"_ _5\"></span>ve B<span class=\"_ _5\"></span>V<span class=\"_ _9c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>67<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ova S<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ar NV<span class=\"_ _12d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"lsc1 wscd\">16<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _7f\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>01%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Nor<span class=\"_ _4\"></span>th S<span class=\"_ _5\"></span>ea Wave N<span class=\"_ _5\"></span>V<span class=\"_ _124\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>SeaMade NV<span class=\"_ _7d\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>La V\u00e9lo<span class=\"_ _5\"></span>rie S<span class=\"_ _5\"></span>A<span class=\"_ _23e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>C<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er Ho<span class=\"_ _5\"></span>ldc<span class=\"_ _5\"></span>o NV<span class=\"_ _225\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span>10<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>C<span class=\"_ _2\"></span>-Power NV<span class=\"_ _1a3\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _40\"> </span><span class=\"ls85 ws93\">6.<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6%<span class=\"_ _9b\"> </span>6<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _ce\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Nou Vela S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Fra<span class=\"_ _5\"></span>nce<span class=\"_ _5d\"> </span><span class=\"ls19 ws16\">46<span class=\"_ _5\"></span>.60%<span class=\"_ _1d\"> </span>4<span class=\"_ _5\"></span>6.60<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Por<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-L<span class=\"_ _5\"></span>a Nouvelle<span class=\"_ _3\"></span> SEMOP<span class=\"_ _220\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _61\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>.77<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>23<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>7%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Thistle Wind Partners Ltd<span class=\"_ _101\"> </span>United Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _e0\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran D<span class=\"_ _5\"></span>eas Ear Ltd<span class=\"_ _1b8\"> </span>United Kin<span class=\"_ _5\"></span>gdom<span class=\"_ _c7\"> </span>42.50<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran E<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>-Thuath Ltd<span class=\"_ _19a\"> </span>Unite<span class=\"_ _5\"></span>d Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _167\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Wes<span class=\"_ _5\"></span>t Isla<span class=\"_ _5\"></span>y Tida<span class=\"_ _5\"></span>l Ener<span class=\"_ _5\"></span>gy Pa<span class=\"_ _5\"></span>rk Ltd<span class=\"_ _23f\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _78\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Rham<span class=\"_ _5\"></span>a Por<span class=\"_ _4\"></span>t Hub SR<span class=\"_ _5\"></span>L<span class=\"_ _221\"> </span>Italy<span class=\"_ _240\"> </span><span class=\"ls36 ws3d\">28%<span class=\"_ _31\"> </span>28%<span class=\"_ _1d\"> </span></span>Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Ceda<span class=\"_ _5\"></span>r Luxe<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>ARL<span class=\"_ _220\"> </span>Luxembourg<span class=\"_ _e0\"> </span>1.<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _92\"> </span><span class=\"lse ws12\">0%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Hypor<span class=\"_ _5\"></span>t Coordination Company LLC<span class=\"_ _241\"> </span>Oman<span class=\"_ _69\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span></span>ConcessionsPor<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm Co<span class=\"_ _5\"></span>mpany S<span class=\"_ _5\"></span>AOC<span class=\"_ _236\"> </span><span class=\"ls19 ws16\">O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span>30%<span class=\"_ _31\"> </span>30%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Duqm Indus<span class=\"_ _5\"></span>trial L<span class=\"_ _5\"></span>and Company LLC<span class=\"_ _16d\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>55%<span class=\"_ _7f\"> </span>27.55%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Duqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s and Inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent C<span class=\"_ _5\"></span>ompa<span class=\"_ _5\"></span>ny LLC<span class=\"_ _e0\"> </span>O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span><span class=\"ls85 ws93\">2<span class=\"_ _5\"></span>6%<span class=\"_ _31\"> </span>26%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DIAP-Daeli<span class=\"_ _3\"></span>m Joi<span class=\"_ _3\"></span>nt V<span class=\"_ _8\"></span>enture Pte L<span class=\"_ _8\"></span>td<span class=\"_ _22c\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>51%<span class=\"_ _7e\"> </span><span class=\"ls3 ws3\">Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra </span></span>DIAP-SHAP<span class=\"_ _3\"></span> Joint<span class=\"_ _3\"></span> V<span class=\"_ _3\"></span>enture<span class=\"_ _8\"></span> P<span class=\"_ _5\"></span>te Lt<span class=\"_ _3\"></span>d<span class=\"_ _242\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>5<span class=\"_ _5\"></span>1%<span class=\"_ _91\"> </span><span class=\"ls3 ws3\">Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a </span></span>BAAK Blankenbu<span class=\"_ _3\"></span>rg-V<span class=\"_ _8\"></span>erbinding BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>%<span class=\"_ _33\"> </span>15<span class=\"_ _5\"></span>%<span class=\"_ _167\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>Ga<span class=\"_ _5\"></span>in o<span class=\"_ _5\"></span>n di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"ff70\"> in 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le of a<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>res i<span class=\"_ _5\"></span>n Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s to ou<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e </span>comp<span class=\"_ _5\"></span>any. In 2021 the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e gain o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of 1<span class=\"_ _3\"></span>2.5% pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Gm<span class=\"_ _5\"></span>bh<span class=\"_ _5\"></span>, a Ge<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>n win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>m. Al<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e too<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in 2020<span class=\"_ _5\"></span>, an ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>ain o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2.<span class=\"_ _8\"></span>1 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R wa<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 as th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le and final settlement of a<span class=\"_ _3\"></span> contingent consideration<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>eviously account<span class=\"_ _3\"></span>ed for<span class=\"_ _8\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-106-4": {
   "value": "Asso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDred<span class=\"_ _5\"></span>ging, Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al &amp; Marine Engine<span class=\"_ _5\"></span>ering NV<span class=\"_ _84\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%</span>Ba<span class=\"_ _5\"></span>gger<span class=\"_ _4\"></span>wer<span class=\"_ _5\"></span>ken D<span class=\"_ _5\"></span>ecl<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>dt en Z<span class=\"_ _5\"></span>oon N<span class=\"_ _5\"></span>V<span class=\"_ _165\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Cat<span class=\"_ _5\"></span>hie A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding C<span class=\"_ _5\"></span>VB<span class=\"_ _5\"></span>A<span class=\"_ _206\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Deepte<span class=\"_ _5\"></span>ch NV<span class=\"_ _207\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls NV<span class=\"_ _208\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Concessions NV<span class=\"_ _209\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Concessions Wind NV<span class=\"_ _44\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conce<span class=\"_ _5\"></span>ssionsDEME Coordination Center NV<span class=\"_ _162\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME Dredg<span class=\"_ _3\"></span>ing NV<span class=\"_ _124\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV<span class=\"_ _102\"> </span>Belgium<span class=\"_ _4b\"> </span>100<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s NV<span class=\"_ _20a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ea S<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns NV<span class=\"_ _208\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore B<span class=\"_ _5\"></span>E NV<span class=\"_ _db\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore E<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent S<span class=\"_ _5\"></span>A (for<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y G-t<span class=\"_ _5\"></span>ec O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e SA)<span class=\"_ _1f7\"> </span>Belgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore H<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>ing NV<span class=\"_ _16e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional NV<span class=\"_ _20b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Ge<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>nd NV<span class=\"_ _20c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Glo<span class=\"_ _5\"></span>bal S<span class=\"_ _5\"></span>ea Mi<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al Re<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s NV<span class=\"_ _20d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>A<span class=\"_ _20e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>High W<span class=\"_ _5\"></span>ind NV<span class=\"_ _20f\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Logimar<span class=\"_ _5\"></span>ine NV<span class=\"_ _210\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME Environment<span class=\"_ _5\"></span>al NV<span class=\"_ _211\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ecoterre<span class=\"_ _5\"></span>s SA<span class=\"_ _212\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Ekos<span class=\"_ _5\"></span>to N<span class=\"_ _5\"></span>V<span class=\"_ _1b3\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Hy<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>t Oo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>de Hol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V<span class=\"_ _118\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DEME Bl<span class=\"_ _5\"></span>ue Ene<span class=\"_ _5\"></span>rgy N<span class=\"_ _5\"></span>V<span class=\"_ _103\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls35 ws43\">69.99%<span class=\"_ _cc\"> </span>69.99%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns Wor<span class=\"_ _5\"></span>ldw<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>e NV<span class=\"_ _213\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _59\"> </span><span class=\"lsf ws13\">54<span class=\"_ _5\"></span>.38%<span class=\"_ _1d\"> </span>54<span class=\"_ _5\"></span>.38%<span class=\"_ _78\"> </span><span class=\"ls18 ws20\">Dredging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Gro<span class=\"_ _5\"></span>nd Re<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ycla<span class=\"_ _5\"></span>ge Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um NV<span class=\"_ _105\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls3f ws67\">52<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>43%<span class=\"_ _7e\"> </span>52.<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>GRC Zo<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r NV<span class=\"_ _214\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>.70<span class=\"_ _4\"></span>%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>Filterre<span class=\"_ _5\"></span>s SA<span class=\"_ _1a3\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _8b\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _168\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>So<span class=\"_ _5\"></span>yo Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gem LDA<span class=\"_ _f5\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragagem Angola Servi\u00e7os Lda<span class=\"_ _215\"> </span>Angola<span class=\"_ _3f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Argentina SA<span class=\"_ _4d\"> </span>Argen<span class=\"_ _5\"></span>tina<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal Au<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>lia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _12e\"> </span>Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia<span class=\"_ _59\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ge<span class=\"_ _5\"></span>oSe<span class=\"_ _5\"></span>a Aus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alia P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y Ltd<span class=\"_ _216\"> </span>Aust<span class=\"_ _5\"></span>ralia<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>(1)(1)Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Bahrain WL<span class=\"_ _5\"></span>L<span class=\"_ _217\"> </span><span class=\"ls19 ws16\">Bahrain<span class=\"_ _19a\"> </span><span class=\"ls7a ws88\">49%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragabras Ser<span class=\"_ _5\"></span>vi\u00e7os de Dragagem<span class=\"_ _3\"></span> Ltda<span class=\"_ _122\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>DEC do Br<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>il Eng<span class=\"_ _5\"></span>enhar<span class=\"_ _5\"></span>ia A<span class=\"_ _5\"></span>mbie<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Ltda<span class=\"_ _125\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _218\"> </span><span class=\"lse ws12\">0%<span class=\"_ _167\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span></span></span>Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.Unt<span class=\"_ _5\"></span>il June 2<span class=\"_ _5\"></span>9, 2022, <span class=\"ff6a ls34 ws3e\">Dredging, Environmental &amp; Marine Engineering NV </span>(DEME N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, was t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup<span class=\"_ _5\"></span>. On th<span class=\"_ _5\"></span>at dat<span class=\"_ _5\"></span>e CFE NV t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take in D<span class=\"_ _5\"></span>EME NV t<span class=\"_ _5\"></span>o a new<span class=\"_ _5\"></span>ly cr<span class=\"_ _5\"></span>eat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>mpany, DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV<span class=\"_ _3\"></span>, by mea<span class=\"_ _5\"></span>ns of a par<span class=\"_ _4\"></span>tial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rger a<span class=\"_ _5\"></span>nd as s<span class=\"_ _5\"></span>uch <span class=\"ff6a ls8c ws54\">DEME Group NV</span> beca<span class=\"_ _5\"></span>me th<span class=\"_ _5\"></span>e new p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt com<span class=\"_ _5\"></span>pany. DEME N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, as a s<span class=\"_ _5\"></span>ubh<span class=\"_ _5\"></span>oldi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, is now i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the li<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>s a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o pri<span class=\"_ _5\"></span>or ye<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>. Re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is ma<span class=\"_ _5\"></span>de to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>6) Shar<span class=\"_ _5\"></span>e cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al, di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds and r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es fo<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e information.DEME Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nme<span class=\"_ _5\"></span>nta<span class=\"_ _5\"></span>l NV<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>aren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the Env<span class=\"_ _5\"></span>iro<span class=\"_ _5\"></span>nmen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t, i<span class=\"_ _5\"></span>s own<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or 25.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% by a t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. In the Dre<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t ther<span class=\"_ _5\"></span>e are s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">non-con<span class=\"_ _5\"></span>trolling interest<span class=\"_ _5\"></span>s </span>in the ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e aggr<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te and m<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>tim<span class=\"_ _5\"></span>e ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s and in t<span class=\"_ _5\"></span>he dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng bu<span class=\"_ _5\"></span>sine<span class=\"_ _5\"></span>ss o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y som<span class=\"_ _5\"></span>e min<span class=\"_ _5\"></span>or int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e hol<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>ird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame ex<span class=\"_ _5\"></span>ternal partner holds int<span class=\"_ _3\"></span>erest<span class=\"_ _5\"></span>s in two su<span class=\"_ _3\"></span>bsidiaries of the<span class=\"_ _3\"></span> Group. In the<span class=\"_ _3\"></span> Of<span class=\"_ _5\"></span>fshore se<span class=\"_ _5\"></span>gment there<span class=\"_ _8\"></span> are no non-controlling inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022. Refe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce is mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>teme<span class=\"_ _5\"></span>nt of c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>rehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e consolidated statement of<span class=\"_ _3\"></span> changes in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity for more information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the non-controlling<span class=\"_ _3\"></span> interests<span class=\"_ _5\"></span>.SUBSIDIARIES (FULL<span class=\"_ _6\"></span>Y CONSOLIDA<span class=\"_ _6\"></span>TED<span class=\"_ _3\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>A Ltd<span class=\"_ _d1\"> </span>Canada<span class=\"_ _48\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Management Consulting Shanghai Ltd<span class=\"_ _219\"> </span><span class=\"ls18 ws20\">China<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Hon<span class=\"_ _5\"></span>g Kong S<span class=\"_ _5\"></span>AR Far Eas<span class=\"_ _5\"></span>t Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng Ltd10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>ChinaBellsea Ltd<span class=\"_ _18a\"> </span>Cyp<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Cypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _21a\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore C<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional C<span class=\"_ _8\"></span>y<span class=\"_ _5\"></span>prus Ltd<span class=\"_ _1fb\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>u<span class=\"_ _4\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s C<span class=\"_ _8\"></span>ypr<span class=\"_ _5\"></span>us Ltd<span class=\"_ _1b8\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Novadeal L<span class=\"_ _3\"></span>td<span class=\"_ _21b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>T<span class=\"_ _8\"></span>.C.<span class=\"_ _5\"></span>M.C. The Channe<span class=\"_ _5\"></span>l Management Comp<span class=\"_ _5\"></span>any Ltd<span class=\"_ _26\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>K SA<span class=\"_ _5\"></span>S<span class=\"_ _fe\"> </span>Denmark<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore F<span class=\"_ _5\"></span>R SA<span class=\"_ _5\"></span>S<span class=\"_ _21c\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>G-t<span class=\"_ _5\"></span>ec S<span class=\"_ _5\"></span>AS<span class=\"_ _21d\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Soci\u00e9<span class=\"_ _5\"></span>t\u00e9 de Dragage Interna<span class=\"_ _5\"></span>tional SA<span class=\"_ _217\"> </span>Fr<span class=\"_ _5\"></span>ance<span class=\"_ _186\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra / Nordsee Nassbagger<span class=\"_ _3\"></span>- und<span class=\"_ _3\"></span> Tiefbau GmbH<span class=\"_ _21e\"> </span>Germany<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore EnergyOam-<span class=\"_ _5\"></span>Deme Miner<span class=\"_ _5\"></span>ali\u00ebn GmbH<span class=\"_ _137\"> </span>Germany<span class=\"_ _43\"> </span><span class=\"ls4b ws53\">70%<span class=\"_ _31\"> </span>70<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>aDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H<span class=\"_ _f7\"> </span>Germany<span class=\"_ _5d\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls Ltd<span class=\"_ _21f\"> </span><span class=\"ls18 ws20\">United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>New<span class=\"_ _5\"></span>Wave<span class=\"_ _5\"></span>s Sol<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ions Lt<span class=\"_ _5\"></span>d<span class=\"_ _220\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e UK Ltd<span class=\"_ _221\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al India Pv<span class=\"_ _5\"></span>t Ltd<span class=\"_ _217\"> </span>India<span class=\"_ _222\"> </span><span class=\"ls7f ws8d\">9<span class=\"_ _5\"></span>9.<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>%<span class=\"_ _91\"> </span>9<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>.97<span class=\"_ _5\"></span>%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aInte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>eap<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>t Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g P<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>t Ltd<span class=\"_ _f2\"> </span><span class=\"ls18 ws20\">In<span class=\"_ _5\"></span>dia<span class=\"_ _222\"> </span><span class=\"lsd9 wse4\">93.6<span class=\"_ _4\"></span>4%<span class=\"_ _91\"> </span>93<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _7c\"> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span>(3)(3)PT Dredging I<span class=\"_ _3\"></span>nternational I<span class=\"_ _3\"></span>ndonesia<span class=\"_ _1d4\"> </span><span class=\"ls3a ws3f\">Indonesia<span class=\"_ _2b\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aSocieta<span class=\"_ _8\"></span> Italian<span class=\"_ _8\"></span>a Dragag<span class=\"_ _3\"></span>gi<span class=\"_ _3\"></span> Spa<span class=\"_ _1f8\"> </span>Italy<span class=\"_ _12a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Japan Ltd<span class=\"_ _6d\"> </span>Japan<span class=\"_ _121\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span><span class=\"lse ws12\">0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Apollo Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _223\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Bon<span class=\"_ _5\"></span>ny Ri<span class=\"_ _5\"></span>ver Sh<span class=\"_ _5\"></span>ippin<span class=\"_ _5\"></span>g SA<span class=\"_ _224\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>CRiver Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _225\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Del<span class=\"_ _5\"></span>ta R<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er Ship<span class=\"_ _5\"></span>pin<span class=\"_ _5\"></span>g SA<span class=\"_ _5f\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SA<span class=\"_ _28\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU P<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Shipp<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>A<span class=\"_ _1b7\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Innovation Sh<span class=\"_ _3\"></span>ipping SA<span class=\"_ _fe\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span></span>0%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span>Meuse River Shi<span class=\"_ _3\"></span>pping SA<span class=\"_ _220\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Sa<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>indi RE S<span class=\"_ _5\"></span>A<span class=\"_ _226\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Spar<span class=\"_ _5\"></span>tacus Shippi<span class=\"_ _3\"></span>ng SA<span class=\"_ _227\"> </span>Luxembourg<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A<span class=\"_ _103\"> </span>Lu<span class=\"_ _5\"></span>xembourg<span class=\"_ _88\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Sdn B<span class=\"_ _5\"></span>hd<span class=\"_ _db\"> </span>Malay<span class=\"_ _5\"></span>sia<span class=\"_ _29\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>alay<span class=\"_ _5\"></span>sia S<span class=\"_ _5\"></span>dn Bhd<span class=\"_ _21e\"> </span><span class=\"ls19 ws16\">Malaysia <span class=\"_ _38\"> </span>30%</span>30%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aHydrogeo SARL<span class=\"_ _228\"> </span><span class=\"lsf ws13\">Morocco<span class=\"_ _3f\"> </span></span>0%<span class=\"_ _23\"> </span>60%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal M<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ico S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _147\"> </span>M<span class=\"_ _5\"></span>exico<span class=\"_ _49\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Log<span class=\"_ _5\"></span>imar<span class=\"_ _5\"></span>ine S<span class=\"_ _5\"></span>A de C<span class=\"_ _5\"></span>V<span class=\"_ _221\"> </span>Mex<span class=\"_ _5\"></span>ico<span class=\"_ _229\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Dragamoz Lda<span class=\"_ _214\"> </span>Mozamb<span class=\"_ _5\"></span>ique<span class=\"_ _9d\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Ear<span class=\"_ _5\"></span>th Moving Interna<span class=\"_ _5\"></span>tional Nigeria Ltd<span class=\"_ _11b\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Nov<span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>al EKO FZE<span class=\"_ _1c4\"> </span><span class=\"ls18 ws20\">Niger<span class=\"_ _5\"></span>ia<span class=\"_ _127\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>(1)(1)Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g and En<span class=\"_ _5\"></span>vir<span class=\"_ _5\"></span>onme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al Se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _86\"> </span>Nig<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(1)(1)Dredging Interna<span class=\"_ _5\"></span>tional Ser<span class=\"_ _5\"></span>vice<span class=\"_ _5\"></span>s (Nigeria) L<span class=\"_ _8\"></span>t<span class=\"_ _5\"></span>d<span class=\"_ _49\"> </span><span class=\"ls3 ws3\">Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia <span class=\"_ _19a\"> </span><span class=\"ls19 ws16\">39%</span></span>39%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a(2)(2)Comb<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d Mari<span class=\"_ _5\"></span>ne T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s Ni<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>ia Ltd<span class=\"_ _166\"> </span><span class=\"ls18 ws20\">Nigeria<span class=\"_ _27\"> </span><span class=\"ls7d ws8b\">21.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>%</span></span>21.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDredging Interna<span class=\"_ _5\"></span>tional de Panama SA<span class=\"_ _22a\"> </span>Panama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>(1<span class=\"_ _8\"></span>) T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>ic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>his c<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 100%<span class=\"_ _5\"></span>.(2) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 54<span class=\"_ _5\"></span>.375%<span class=\"_ _5\"></span>.(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCorpo<span class=\"_ _3\"></span>racio<span class=\"_ _3\"></span>n Are<span class=\"_ _8\"></span>nera Ma<span class=\"_ _8\"></span>rina SA<span class=\"_ _131\"> </span>P<span class=\"_ _5\"></span>anama<span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>co PNG Lt<span class=\"_ _5\"></span>d<span class=\"_ _106\"> </span>Papua<span class=\"_ _8\"></span> New Guinea<span class=\"_ _89\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Berin Engenharia Dra<span class=\"_ _5\"></span>gagens e Ambiente SA<span class=\"_ _190\"> </span>Por<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>gal<span class=\"_ _53\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3)(3)Midd<span class=\"_ _5\"></span>le Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Comp<span class=\"_ _5\"></span>any QS<span class=\"_ _5\"></span>C<span class=\"_ _22b\"> </span><span class=\"ls34 ws3e\">Qatar <span class=\"_ _145\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%</span></span>49%Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>aDragmors<span class=\"_ _5\"></span>troy LLC<span class=\"_ _1c5\"> </span>Russia<span class=\"_ _18b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Mordraga LLC<span class=\"_ _3b\"> </span>Russia<span class=\"_ _18b\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onaI S<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>di Ar<span class=\"_ _5\"></span>abia C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _1b8\"> </span>S<span class=\"_ _5\"></span>audi Arabia<span class=\"_ _9b\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dr<span class=\"_ _5\"></span>agaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>a Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _f3\"> </span>Singapore<span class=\"_ _22\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _88\"> </span><span class=\"lse ws12\">40%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia Pac<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>e Ltd<span class=\"_ _18e\"> </span>Singapor<span class=\"_ _5\"></span>e<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th Af<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ca P<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>Y Ltd<span class=\"_ _18b\"> </span>South-A<span class=\"_ _8\"></span>fr<span class=\"_ _5\"></span>ica<span class=\"_ _95\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Espa\u00f1a SA<span class=\"_ _1d2\"> </span><span class=\"ls18 ws20\">Spain<span class=\"_ _1b4\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>Navi<span class=\"_ _5\"></span>era L<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ing Sto<span class=\"_ _5\"></span>ne SLU<span class=\"_ _fa\"> </span>Sp<span class=\"_ _5\"></span>ain<span class=\"_ _190\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>DEME Bu<span class=\"_ _5\"></span>ildin<span class=\"_ _5\"></span>g Mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>ls BV<span class=\"_ _44\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME Concessions Netherlands BV<span class=\"_ _22c\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span></span>Conces<span class=\"_ _5\"></span>sionsDEME In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Mar<span class=\"_ _5\"></span>ine Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore N<span class=\"_ _5\"></span>L BV<span class=\"_ _22e\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>DEME Off<span class=\"_ _5\"></span>shore Shippi<span class=\"_ _3\"></span>ng BV<span class=\"_ _208\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dredging Interna<span class=\"_ _5\"></span>tional Nether<span class=\"_ _5\"></span>lands BV<span class=\"_ _119\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _4\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>G-t<span class=\"_ _5\"></span>ec BV<span class=\"_ _1d8\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>SPT Eq<span class=\"_ _5\"></span>uipme<span class=\"_ _5\"></span>nt BV<span class=\"_ _22f\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Hol<span class=\"_ _5\"></span>ding BV<span class=\"_ _216\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>SPT O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e BV<span class=\"_ _230\"> </span>The Netherlands<span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Aann<span class=\"_ _5\"></span>emin<span class=\"_ _5\"></span>gsma<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap<span class=\"_ _5\"></span>p\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel B<span class=\"_ _5\"></span>V<span class=\"_ _7f\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel B<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>er BV<span class=\"_ _20d\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>De Vri<span class=\"_ _5\"></span>es &amp; v<span class=\"_ _5\"></span>an de W<span class=\"_ _5\"></span>iel Kus<span class=\"_ _5\"></span>t- en Oeve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wer<span class=\"_ _5\"></span>ken BV<span class=\"_ _55\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>74<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Zan<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>loi<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>maat<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>cha<span class=\"_ _5\"></span>pp\ue716 D<span class=\"_ _5\"></span>e Vrie<span class=\"_ _5\"></span>s &amp; va<span class=\"_ _5\"></span>n de Wi<span class=\"_ _5\"></span>el BV<span class=\"_ _1dd\"> </span>The Netherlands<span class=\"_ _15c\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Milie<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>chni<span class=\"_ _5\"></span>ek De Vr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s &amp; van d<span class=\"_ _5\"></span>e Wiel BV  <span class=\"_ _1d3\"> </span>The Netherlands<span class=\"_ _73\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>74<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>enta<span class=\"_ _5\"></span>l</span></span>DEME Co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV<span class=\"_ _1f8\"> </span>The<span class=\"_ _3\"></span> Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Seatec Holding<span class=\"_ _3\"></span> BV<span class=\"_ _1c5\"> </span>The Nether<span class=\"_ _5\"></span>lands<span class=\"_ _7c\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _2f\"> </span>The Netherlands<span class=\"_ _7c\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Dred<span class=\"_ _5\"></span>ging Inter<span class=\"_ _5\"></span>nation<span class=\"_ _5\"></span>al Ukraine LLC<span class=\"_ _16d\"> </span>Uk<span class=\"_ _5\"></span>raine<span class=\"_ _19a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span></span>D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; InfraUnit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Int<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>onal R<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K FZ L<span class=\"_ _5\"></span>LC10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span>Emira<span class=\"_ _5\"></span>tesDEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S INC<span class=\"_ _d1\"> </span>USA<span class=\"_ _218\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore U<span class=\"_ _5\"></span>S LLC<span class=\"_ _fd\"> </span>USA<span class=\"_ _10c\"> </span><span class=\"ls75 ws82\">100<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Mar<span class=\"_ _5\"></span>ine Con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Hol<span class=\"_ _5\"></span>ding L<span class=\"_ _5\"></span>LC<span class=\"_ _49\"> </span>USA<span class=\"_ _1d3\"> </span>0%<span class=\"_ _166\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Marine Construc<span class=\"_ _5\"></span>tion &amp; Solutions LLC<span class=\"_ _4c\"> </span>USA<span class=\"_ _125\"> </span>0%<span class=\"_ _31\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cio<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>imo<span class=\"_ _5\"></span>s Ser<span class=\"_ _4\"></span>vim<span class=\"_ _5\"></span>ar SA<span class=\"_ _20d\"> </span>Ve<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>z<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a<span class=\"_ _23\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _35\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>(3) The e<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic r<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ht<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>s com<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ny ar<span class=\"_ _5\"></span>e 95%<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1IN<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X LOS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>S C<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D FOR<span class=\"_ _5\"></span>W<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RDIn 2022, inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f <span class=\"ff73 ls13 ws9a\">subsidiari<span class=\"_ _5\"></span>es</span> amou<span class=\"_ _5\"></span>nt to 4<span class=\"_ _5\"></span>60 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or 20<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s a br<span class=\"_ _5\"></span>eakdo<span class=\"_ _5\"></span>wn b<span class=\"_ _5\"></span>y matu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts (s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup) re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 26<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>ax lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In 2021<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to 24<span class=\"_ _8\"></span>1 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin 1 yea<span class=\"_ _5\"></span>r<span class=\"_ _2b3\"> </span>-Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 1 y<span class=\"_ _5\"></span>ear bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t lat<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 5 year<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls8b ws99\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>13</span>Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 5 y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t an e<span class=\"_ _5\"></span>xpi<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n date<span class=\"_ _1cb\"> </span><span class=\"ls147 ws157\">16<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>om su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ls5c ws65\">19<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>70</span>Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es (s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up)<span class=\"_ _1c7\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>0</span>T<span class=\"_ _2\"></span>otal rec<span class=\"_ _3\"></span>ognise<span class=\"_ _3\"></span>d tax<span class=\"_ _8\"></span> losses<span class=\"_ _2b6\"> </span><span class=\"ls3a ws3f\">200,06<span class=\"_ _5\"></span>0</span>Unre<span class=\"_ _3\"></span>cogn<span class=\"_ _8\"></span>ised tax losses<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> subsi<span class=\"_ _3\"></span>dia<span class=\"_ _8\"></span>ries<span class=\"_ _262\"> </span><span class=\"ls5c ws65\">260<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>91</span>Unre<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup)<span class=\"_ _98\"> </span><span class=\"ls19 ws16\">39<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>196</span>T<span class=\"_ _2\"></span>otal un<span class=\"_ _3\"></span>recog<span class=\"_ _3\"></span>nised<span class=\"_ _8\"></span> tax losses<span class=\"_ _2b7\"> </span><span class=\"ls16 ws1d\">299,487</span>T<span class=\"_ _2\"></span>otal tax<span class=\"_ _3\"></span> losses<span class=\"_ _2b8\"> </span><span class=\"ls16 ws1d\">499,5<span class=\"_ _3\"></span>47</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-106-5": {
   "value": "Asso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).ASS<span class=\"_ _5\"></span>OCIA<span class=\"_ _2\"></span>TES (E<span class=\"_ _3\"></span>QUIT<span class=\"_ _5\"></span>Y METHOD<span class=\"_ _8\"></span>)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingCons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t (Om<span class=\"_ _5\"></span>an) NV<span class=\"_ _239\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _61\"> </span><span class=\"lse ws12\">60%<span class=\"_ _166\"> </span>60%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Power@Sea NV<span class=\"_ _23a\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls77 ws85\">5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _96\"> </span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _95\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Cons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t In<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ial P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t L<span class=\"_ _5\"></span>and N<span class=\"_ _5\"></span>V<span class=\"_ _2e\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _61\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Blue O<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>n NV<span class=\"_ _134\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls88 ws96\">49<span class=\"_ _5\"></span>.9<span class=\"_ _5\"></span>4%<span class=\"_ _7e\"> </span>49.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Bluepower NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Bluechem Bui<span class=\"_ _3\"></span>lding NV<span class=\"_ _209\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls75 ws82\">25<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Environmen<span class=\"_ _5\"></span>tal</span></span>Blue G<span class=\"_ _5\"></span>ate A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp D<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>lop<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t NV<span class=\"_ _1d4\"> </span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _38\"> </span><span class=\"ls85 ws93\">25<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _91\"> </span>25.<span class=\"_ _5\"></span>46%<span class=\"_ _14e\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>erranova<span class=\"_ _8\"></span> NV<span class=\"_ _20f\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"lsa wsb\">24.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _7e\"> </span>24<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Zeeb<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>r\ue716 We<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>diep BV<span class=\"_ _100\"> </span><span class=\"ff65 ls59 ws62\">Belgium<span class=\"_ _61\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _166\"> </span>20<span class=\"_ _5\"></span>%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Felu<span class=\"_ _5\"></span>y M2M SA<span class=\"_ _23b\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>19<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y B<span class=\"_ _5\"></span>IS NV<span class=\"_ _212\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _3\"></span>8.89%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Ot<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y R<span class=\"_ _5\"></span>S N<span class=\"_ _5\"></span>V<span class=\"_ _23c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Rentel NV<span class=\"_ _23d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>8.89%<span class=\"_ _cc\"> </span>1<span class=\"_ _8\"></span>8.89%<span class=\"_ _163\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Hy<span class=\"_ _5\"></span>ve B<span class=\"_ _5\"></span>V<span class=\"_ _9c\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>67<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ova S<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ar NV<span class=\"_ _12d\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"lsc1 wscd\">16<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _7f\"> </span>16<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>01%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>Nor<span class=\"_ _4\"></span>th S<span class=\"_ _5\"></span>ea Wave N<span class=\"_ _5\"></span>V<span class=\"_ _124\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>SeaMade NV<span class=\"_ _7d\"> </span>Belgium<span class=\"_ _38\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>13<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>La V\u00e9lo<span class=\"_ _5\"></span>rie S<span class=\"_ _5\"></span>A<span class=\"_ _23e\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _38\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7e\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Env<span class=\"_ _5\"></span>ironmen<span class=\"_ _5\"></span>tal</span></span>C<span class=\"_ _2\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er Ho<span class=\"_ _5\"></span>ldc<span class=\"_ _5\"></span>o NV<span class=\"_ _225\"> </span>Belgium<span class=\"_ _53\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>%<span class=\"_ _1d9\"> </span>10<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>C<span class=\"_ _2\"></span>-Power NV<span class=\"_ _1a3\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _40\"> </span><span class=\"ls85 ws93\">6.<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6%<span class=\"_ _9b\"> </span>6<span class=\"_ _5\"></span>.4<span class=\"_ _5\"></span>6%<span class=\"_ _ce\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Nou Vela S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Fra<span class=\"_ _5\"></span>nce<span class=\"_ _5d\"> </span><span class=\"ls19 ws16\">46<span class=\"_ _5\"></span>.60%<span class=\"_ _1d\"> </span>4<span class=\"_ _5\"></span>6.60<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>Por<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-L<span class=\"_ _5\"></span>a Nouvelle<span class=\"_ _3\"></span> SEMOP<span class=\"_ _220\"> </span>Fran<span class=\"_ _5\"></span>ce<span class=\"_ _61\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>.77<span class=\"_ _5\"></span>%<span class=\"_ _7f\"> </span>23<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>7%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Thistle Wind Partners Ltd<span class=\"_ _101\"> </span>United Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _e0\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _84\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran D<span class=\"_ _5\"></span>eas Ear Ltd<span class=\"_ _1b8\"> </span>United Kin<span class=\"_ _5\"></span>gdom<span class=\"_ _c7\"> </span>42.50<span class=\"_ _5\"></span>%<span class=\"_ _20\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Conce<span class=\"_ _5\"></span>ssions</span></span>This<span class=\"_ _5\"></span>tle Wind Par<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>ers Cluaran E<span class=\"_ _5\"></span>ar<span class=\"_ _8\"></span>-Thuath Ltd<span class=\"_ _19a\"> </span>Unite<span class=\"_ _5\"></span>d Kingd<span class=\"_ _5\"></span>om<span class=\"_ _c7\"> </span>42.50%<span class=\"_ _167\"> </span><span class=\"lse ws12\">0%<span class=\"_ _83\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Wes<span class=\"_ _5\"></span>t Isla<span class=\"_ _5\"></span>y Tida<span class=\"_ _5\"></span>l Ener<span class=\"_ _5\"></span>gy Pa<span class=\"_ _5\"></span>rk Ltd<span class=\"_ _23f\"> </span>United K<span class=\"_ _5\"></span>ingdom<span class=\"_ _78\"> </span><span class=\"ls7a ws88\">35%<span class=\"_ _1d9\"> </span>35%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Rham<span class=\"_ _5\"></span>a Por<span class=\"_ _4\"></span>t Hub SR<span class=\"_ _5\"></span>L<span class=\"_ _221\"> </span>Italy<span class=\"_ _240\"> </span><span class=\"ls36 ws3d\">28%<span class=\"_ _31\"> </span>28%<span class=\"_ _1d\"> </span></span>Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a Ceda<span class=\"_ _5\"></span>r Luxe<span class=\"_ _5\"></span>mbo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>ARL<span class=\"_ _220\"> </span>Luxembourg<span class=\"_ _e0\"> </span>1.<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _92\"> </span><span class=\"lse ws12\">0%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Hypor<span class=\"_ _5\"></span>t Coordination Company LLC<span class=\"_ _241\"> </span>Oman<span class=\"_ _69\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _2e\"> </span></span>ConcessionsPor<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm Co<span class=\"_ _5\"></span>mpany S<span class=\"_ _5\"></span>AOC<span class=\"_ _236\"> </span><span class=\"ls19 ws16\">O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span>30%<span class=\"_ _31\"> </span>30%<span class=\"_ _2e\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>Duqm Indus<span class=\"_ _5\"></span>trial L<span class=\"_ _5\"></span>and Company LLC<span class=\"_ _16d\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>55%<span class=\"_ _7f\"> </span>27.55%<span class=\"_ _96\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>Duqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s and Inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent C<span class=\"_ _5\"></span>ompa<span class=\"_ _5\"></span>ny LLC<span class=\"_ _e0\"> </span>O<span class=\"_ _5\"></span>man<span class=\"_ _69\"> </span><span class=\"ls85 ws93\">2<span class=\"_ _5\"></span>6%<span class=\"_ _31\"> </span>26%<span class=\"_ _20\"> </span><span class=\"ls3a ws3f\">Concessions</span></span>DIAP-Daeli<span class=\"_ _3\"></span>m Joi<span class=\"_ _3\"></span>nt V<span class=\"_ _8\"></span>enture Pte L<span class=\"_ _8\"></span>td<span class=\"_ _22c\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>51%<span class=\"_ _7e\"> </span><span class=\"ls3 ws3\">Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra </span></span>DIAP-SHAP<span class=\"_ _3\"></span> Joint<span class=\"_ _3\"></span> V<span class=\"_ _3\"></span>enture<span class=\"_ _8\"></span> P<span class=\"_ _5\"></span>te Lt<span class=\"_ _3\"></span>d<span class=\"_ _242\"> </span>Singapore<span class=\"_ _1bf\"> </span><span class=\"lsc1 wscd\">5<span class=\"_ _5\"></span>1%<span class=\"_ _33\"> </span>5<span class=\"_ _5\"></span>1%<span class=\"_ _91\"> </span><span class=\"ls3 ws3\">Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a </span></span>BAAK Blankenbu<span class=\"_ _3\"></span>rg-V<span class=\"_ _8\"></span>erbinding BV<span class=\"_ _22d\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>%<span class=\"_ _33\"> </span>15<span class=\"_ _5\"></span>%<span class=\"_ _167\"> </span><span class=\"ls3a ws3f\">Conces<span class=\"_ _5\"></span>sions</span></span>The<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>e DEME h<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te. T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r wh<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve, ar<span class=\"_ _5\"></span>e all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e suc<span class=\"_ _5\"></span>h as sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns on e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is al<span class=\"_ _5\"></span>loc<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he li<span class=\"_ _5\"></span>ne <span class=\"ff73 ls15d ws172\">'other mov<span class=\"_ _8\"></span>ement<span class=\"_ _5\"></span>s'<span class=\"ff70 ls3 ws3\">. The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve or n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er fr<span class=\"_ _5\"></span>om r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in </span></span>joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>n. I<span class=\"_ _5\"></span>f af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on the n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a negative inv<span class=\"_ _3\"></span>estment within non-current asset<span class=\"_ _5\"></span>s.Additions of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>n 2022 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s for 3<span class=\"_ _5\"></span>.9 </span>milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s are ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d mor<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in Thi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tle W<span class=\"_ _5\"></span>ind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of 2022 thi<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m had b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n awa<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d 2GW w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h of op<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>eas i<span class=\"_ _5\"></span>n Sc<span class=\"_ _5\"></span>otl<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>\u2019s hi<span class=\"_ _5\"></span>ghl<span class=\"_ _5\"></span>y comp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Sc<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to a ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in S<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>s NV, withi<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. In 2021 an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wa<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEM<span class=\"_ _5\"></span>E (4<span class=\"_ _3\"></span>9.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Ja<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>\u2019 in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture is co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>his n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 bu<span class=\"_ _5\"></span>t DEM<span class=\"_ _5\"></span>E\u2019s fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g in th<span class=\"_ _5\"></span>e new v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms o<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>nd the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e ho<span class=\"_ _5\"></span>ld in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (IR<span class=\"_ _5\"></span>S)<span class=\"_ _5\"></span>. Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the <span class=\"ff73 ls15d ws172\">other comprehensiv<span class=\"_ _8\"></span>e income (<span class=\"_ _8\"></span>OCI)<span class=\"ff70 ls3 ws3\"> of the cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span></span>incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es a p<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 28<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to a n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f -22.2 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2021 (<span class=\"_ _8\"></span>+50.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EUR mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear). T<span class=\"_ _5\"></span>his r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEM<span class=\"_ _5\"></span>E\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux SA<span class=\"_ _5\"></span>, BA<span class=\"_ _4\"></span>AK B<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>kenbu<span class=\"_ _5\"></span>rg-Verb<span class=\"_ _5\"></span>indi<span class=\"_ _5\"></span>ng BV an<span class=\"_ _5\"></span>d Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMO<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>, ne<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A mi<span class=\"_ _5\"></span>nor a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of -<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>02 milli<span class=\"_ _5\"></span>on EUR re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>es to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e (DEME s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e) is in<span class=\"_ _5\"></span>dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. The m<span class=\"_ _5\"></span>ajor p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e of jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ 50.<span class=\"_ _5\"></span>5 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R) is r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the g<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in mark<span class=\"_ _8\"></span>et interest ra<span class=\"_ _3\"></span>tes c<span class=\"_ _3\"></span>ompared<span class=\"_ _8\"></span> to the h<span class=\"_ _3\"></span>edged i<span class=\"_ _3\"></span>nterest<span class=\"_ _3\"></span> rates.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he <span class=\"ff73 ls116 ws9d\">divide<span class=\"_ _5\"></span>nds distributed by<span class=\"_ _3\"></span> the participations<span class=\"ff70 lsb1 wsbe\"> in 20<span class=\"_ _8\"></span>22, the a<span class=\"_ _3\"></span>mount received from<span class=\"_ _3\"></span> associates comes from the participations </span></span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d C<span class=\"_ _3\"></span>-P<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r NV, where<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y com<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>a NV.Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e <span class=\"ff73\">re<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es</span><span class=\"lsb1 wsbe\"> (9.3 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR) is related to<span class=\"_ _8\"></span> the Concessions segment and its participations in </span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V and S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e NV th<span class=\"_ _5\"></span>at op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s to it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g BV an<span class=\"_ _5\"></span>d in Por<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm C<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any SAO<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or 5.<span class=\"_ _5\"></span>6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R to th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>will i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s is 0.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>o cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>unt in 2<span class=\"_ _5\"></span>022 nor in 2021<span class=\"_ _3\"></span>. The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>ll inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d. O<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the segment reporting<span class=\"_ _5\"></span>, a separate<span class=\"_ _3\"></span> chapter i<span class=\"_ _3\"></span>n this re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t, joint ventu<span class=\"_ _3\"></span>res are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the proportionate consolidation method.The <span class=\"ff73 ls3 ws3\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>es ov<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span>are explained below<span class=\"_ _8\"></span>.The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESSummarised financial<span class=\"ls3 ws3\"> </span> information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>30,61<span class=\"_ _8\"></span>0<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,826,690</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>53,<span class=\"_ _5\"></span>552<span class=\"_ _8f\"> </span>43,96<span class=\"_ _8\"></span>7<span class=\"_ _b2\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>472<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _246\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>06<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _293\"> </span>9,38<span class=\"_ _5\"></span>8<span class=\"_ _31\"> </span>90<span class=\"_ _15a\"> </span>21,016<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _b2\"> </span><span class=\"ff72 ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _23a\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>4<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>37,337<span class=\"_ _15d\"> </span><span class=\"ls57 ws60\">38<span class=\"_ _5\"></span>9,282<span class=\"_ _af\"> </span><span class=\"ff72 ls6b ws78\">471,93<span class=\"_ _5\"></span>7</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _294\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1e7\"> </span>-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _169\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">2<span class=\"_ _5\"></span>,604<span class=\"_ _5\"></span>,622<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">2,<span class=\"_ _5\"></span>619<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>857</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _213\"> </span>47,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _15a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ls58 ws61\">698,<span class=\"_ _5\"></span>325<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">76<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>18</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _2e\"> </span>3<span class=\"_ _5\"></span>19<span class=\"_ _91\"> </span>3<span class=\"_ _5\"></span>,625<span class=\"_ _8f\"> </span><span class=\"ls8b ws99\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>213<span class=\"_ _15a\"> </span><span class=\"ff72 ls69 ws75\">61<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>51</span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>und i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt) o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>m are m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re w<span class=\"_ _5\"></span>ind f<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms C-Pow<span class=\"_ _5\"></span>er, Rentel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as to b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ay an<span class=\"_ _5\"></span>d tunne<span class=\"_ _5\"></span>l of Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds (BA<span class=\"_ _4\"></span>AK<span class=\"_ _5\"></span>).Summarised financial <span class=\"ls3 ws3\"> </span>Concessionsinformation of main associates<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) C-Power NV<span class=\"_ _159\"> </span><span class=\"ls3 ws3\">Re<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _1de\"> </span><span class=\"lsa2 wsb1\">Seamade NV</span></span>Blankenburg- Verbinding BV(<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _259\"> </span>5<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>762<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span>1,062,5<span class=\"_ _8\"></span>73<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls16 ws1d\">2,41<span class=\"_ _8\"></span>9,407</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _23a\"> </span>112<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _93\"> </span>119<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _93\"> </span>1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>10<span class=\"_ _1e4\"> </span><span class=\"ff72 ls6b ws78\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>62<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>0<span class=\"_ _27d\"> </span>15<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>76<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span>1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _af\"> </span><span class=\"ff72 ls5c ws65\">6<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _297\"> </span>35<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>47<span class=\"_ _93\"> </span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>925<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>233<span class=\"_ _af\"> </span><span class=\"lsb wsc\">7<span class=\"_ _5\"></span>70,671<span class=\"_ _1e4\"> </span><span class=\"ff72 ls3 ws3\">2,6<span class=\"_ _5\"></span>95,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>72,<span class=\"_ _5\"></span>395<span class=\"_ _14e\"> </span>7<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _152\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _15a\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _3\"></span>08<span class=\"_ _159\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>99,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>89</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _1e1\"> </span>318<span class=\"_ _5\"></span>,371<span class=\"_ _27d\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>35<span class=\"_ _af\"> </span>924<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _15d\"> </span><span class=\"lsd wsf\">738<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>86<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,605,696</span></span>Income statementRevenues<span class=\"_ _e5\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _93\"> </span>12<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _af\"> </span>14<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _af\"> </span><span class=\"ls55 ws5d\">26<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>41<span class=\"_ _15d\"> </span><span class=\"ff72 ls88 ws96\">6<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _22f\"> </span>5,7<span class=\"_ _5\"></span>87<span class=\"_ _8f\"> </span>21,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _213\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _8f\"> </span><span class=\"ff72 ls69 ws75\">51,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _35\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>031,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>,17<span class=\"_ _4\"></span>8</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _cc\"> </span>2,938<span class=\"_ _15f\"> </span><span class=\"lsf ws13\">1<span class=\"_ _8\"></span>62,679<span class=\"_ _93\"> </span><span class=\"ls8 ws8\">17<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _4\"></span>5</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _2d\"> </span>19<span class=\"_ _5\"></span>8<span class=\"_ _93\"> </span><span class=\"ls7b ws89\">-6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,423<span class=\"_ _af\"> </span><span class=\"ff72 ls84 ws92\">-<span class=\"_ _5\"></span>64<span class=\"_ _5\"></span>,22<span class=\"_ _5\"></span>5</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsf ws13\">98<span class=\"_ _5\"></span>,256<span class=\"_ _da\"> </span><span class=\"ls31 ws3a\">106,889</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _f6\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _91\"> </span><span class=\"ls75 ws82\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _8f\"> </span></span></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _169\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3f\"> </span>-<span class=\"_ _91\"> </span>9,<span class=\"_ _5\"></span>955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">91,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"ls16 ws1d\">99,49<span class=\"_ _3\"></span>3</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _35\"> </span>197<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-6<span class=\"_ _5\"></span>0,300<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">-<span class=\"_\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"lse ws12\">39,390</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _29d\"> </span>-<span class=\"_ _91\"> </span>5,020<span class=\"_ _1d\"> </span>2<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>05<span class=\"_ _7a\"> </span><span class=\"ls34 ws3e\">34,39<span class=\"_ _8\"></span>2<span class=\"_ _7a\"> </span><span class=\"ff72 ls33 ws3c\">42,21<span class=\"_ _8\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _32\"> </span>-37<span class=\"_ _169\"> </span><span class=\"ls37 ws83\">-2,<span class=\"_ _3\"></span>790<span class=\"_ _15a\"> </span><span class=\"ff72 ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7</span></span>Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _2e\"> </span>12<span class=\"_ _5\"></span>5<span class=\"_ _202\"> </span>34,88<span class=\"_ _5\"></span>4<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>0<span class=\"_ _b2\"> </span><span class=\"ff72 ls33 ws3c\">2,952,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>49</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _205\"> </span>-<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>47<span class=\"_ _15a\"> </span>42,363<span class=\"_ _15f\"> </span><span class=\"ls19 ws16\">966,044<span class=\"_ _1e4\"> </span></span><span class=\"ff72\">1,045,9<span class=\"_ _8\"></span>54</span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _34\"> </span>-<span class=\"_ _91\"> </span>9,955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _299\"> </span>-<span class=\"_ _7f\"> </span>1,<span class=\"_ _5\"></span>715<span class=\"_ _15a\"> </span>23<span class=\"_ _5\"></span>,059<span class=\"_ _b1\"> </span><span class=\"ls13 ws9a\">2<span class=\"_ _3\"></span>,887<span class=\"_ _2\"></span>,89<span class=\"_ _3\"></span>2<span class=\"_ _1e4\"> </span><span class=\"ff72 ls33 ws3c\">2,91<span class=\"_ _2\"></span>2,666</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _29a\"> </span>-<span class=\"_ _202\"> </span>26,002<span class=\"_ _7a\"> </span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>19<span class=\"_ _15f\"> </span><span class=\"ls34 ws3e\">344,405<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _f6\"> </span>-<span class=\"_ _168\"> </span>-7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14e\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsf ws13\">2,508,01<span class=\"_ _8\"></span>1<span class=\"_ _89\"> </span><span class=\"ff72 ls33 ws3c\">2,5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>2,595</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _8f\"> </span>43<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _8f\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9<span class=\"_ _af\"> </span><span class=\"lsb wsc\">673,<span class=\"_ _5\"></span>026<span class=\"_ _af\"> </span><span class=\"ff72 ls8 ws8\">7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _1bf\"> </span>2<span class=\"_ _163\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1<span class=\"_ _14e\"> </span><span class=\"ls147 ws157\">6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _7a\"> </span><span class=\"ff72 ls38 ws41\">70,250</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSNOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1IN<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X LOS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>S C<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D FOR<span class=\"_ _5\"></span>W<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RDIn 2022, inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f <span class=\"ff73 ls13 ws9a\">subsidiari<span class=\"_ _5\"></span>es</span> amou<span class=\"_ _5\"></span>nt to 4<span class=\"_ _5\"></span>60 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or 20<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s a br<span class=\"_ _5\"></span>eakdo<span class=\"_ _5\"></span>wn b<span class=\"_ _5\"></span>y matu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts (s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup) re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 26<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>ax lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In 2021<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to 24<span class=\"_ _8\"></span>1 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin 1 yea<span class=\"_ _5\"></span>r<span class=\"_ _2b3\"> </span>-Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 1 y<span class=\"_ _5\"></span>ear bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t lat<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 5 year<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls8b ws99\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>13</span>Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 5 y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t an e<span class=\"_ _5\"></span>xpi<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n date<span class=\"_ _1cb\"> </span><span class=\"ls147 ws157\">16<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>om su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ls5c ws65\">19<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>70</span>Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es (s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up)<span class=\"_ _1c7\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>0</span>T<span class=\"_ _2\"></span>otal rec<span class=\"_ _3\"></span>ognise<span class=\"_ _3\"></span>d tax<span class=\"_ _8\"></span> losses<span class=\"_ _2b6\"> </span><span class=\"ls3a ws3f\">200,06<span class=\"_ _5\"></span>0</span>Unre<span class=\"_ _3\"></span>cogn<span class=\"_ _8\"></span>ised tax losses<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> subsi<span class=\"_ _3\"></span>dia<span class=\"_ _8\"></span>ries<span class=\"_ _262\"> </span><span class=\"ls5c ws65\">260<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>91</span>Unre<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup)<span class=\"_ _98\"> </span><span class=\"ls19 ws16\">39<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>196</span>T<span class=\"_ _2\"></span>otal un<span class=\"_ _3\"></span>recog<span class=\"_ _3\"></span>nised<span class=\"_ _8\"></span> tax losses<span class=\"_ _2b7\"> </span><span class=\"ls16 ws1d\">299,487</span>T<span class=\"_ _2\"></span>otal tax<span class=\"_ _3\"></span> losses<span class=\"_ _2b8\"> </span><span class=\"ls16 ws1d\">499,5<span class=\"_ _3\"></span>47</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-106-6": {
   "value": "Asso<span class=\"_ _5\"></span>ciate: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Ltd (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m), wit<span class=\"_ _5\"></span>hin </span></span>Conc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, fro<span class=\"_ _5\"></span>m 100% to 42.<span class=\"_ _5\"></span>50% an<span class=\"_ _5\"></span>d fr<span class=\"_ _5\"></span>om fu<span class=\"_ _5\"></span>lly consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation.The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e 100% <span class=\"ff6a ls16 ws1d\">subsidiary</span> <span class=\"ff6a\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed </span>i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se of<span class=\"_ _5\"></span> 2022<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Equ<span class=\"_ _3\"></span>ipment SA<span class=\"_ _3\"></span> (Belgium<span class=\"_ _8\"></span>) (formerly </span></span>G-tec Of<span class=\"_ _5\"></span>fshore SA), within the Off<span class=\"_ _5\"></span>shore segment.The s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s in Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s SA (B<span class=\"_ _5\"></span>elgi<span class=\"_ _5\"></span>um) (7<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>.90<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in the Environmental<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment, were <span class=\"ff6a ls8c ws54\">sold</span><span class=\"ls3 ws3\"> in the cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022 </span>to the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. The sa<span class=\"_ _5\"></span>me app<span class=\"_ _5\"></span>lie<span class=\"_ _5\"></span>d for Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL (M<span class=\"_ _5\"></span>oro<span class=\"_ _5\"></span>cco) (40%), a dor<span class=\"_ _5\"></span>mant c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any in the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2022, Se<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>c Hol<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>te S<span class=\"_ _5\"></span>eate<span class=\"_ _5\"></span>c Sub<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>a Sys<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s BV<span class=\"_ _8\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, we<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y so<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>.The changes<span class=\"_ _3\"></span> in the c<span class=\"_ _3\"></span>onsolidation scope described above have <span class=\"lse ws12\">no material i<span class=\"_ _3\"></span>mpact<span class=\"ls3 ws3\"> </span>on the financia<span class=\"_ _3\"></span>l statements<span class=\"_ _5\"></span>.</span>CHANG<span class=\"_ _5\"></span>ES IN THE CONS<span class=\"_ _5\"></span>OLIDA<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>ON SCOPE IN THE PRE<span class=\"_ _5\"></span>VIOUS R<span class=\"_ _5\"></span>EPORTING P<span class=\"_ _5\"></span>ERIODThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls34 ws3e\">liquidated </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>:  <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Concessions Infrastruc<span class=\"_ _5\"></span>ture NV (<span class=\"_ _8\"></span>B<span class=\"_ _5\"></span>elgium<span class=\"_ _8\"></span>) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">DEME Shipping C<span class=\"_ _3\"></span>ompany L<span class=\"_ _6\"></span>TD (C<span class=\"_ _2\"></span>ypr<span class=\"_ _5\"></span>us)<span class=\"_ _8\"></span> (1<span class=\"_ _8\"></span>00%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Dre<span class=\"_ _5\"></span>dging I<span class=\"_ _3\"></span>nternational Services <span class=\"ls3 ws3\"> </span></span></span>Mid<span class=\"_ _5\"></span>dle Ea<span class=\"_ _5\"></span>st D<span class=\"_ _5\"></span>MCE<span class=\"_ _5\"></span>ST (<span class=\"_ _5\"></span>UAE) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">M<span class=\"_ _5\"></span>asc<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>s Dre<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent L<span class=\"_ _8\"></span>TD (M<span class=\"_ _5\"></span>auri<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>s) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Middle East Marine Contracting L<span class=\"_ _6\"></span>TD (C<span class=\"_ _8\"></span>yprus) (<span class=\"_ _2\"></span>100%<span class=\"_ _8\"></span>).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ag<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>iro N<span class=\"_ _5\"></span>V and P<span class=\"_ _5\"></span>uraz<span class=\"_ _5\"></span>ur NV b<span class=\"_ _5\"></span>oth m<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME </span></span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al NV (all B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g Inte<span class=\"_ _5\"></span>rna<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg S<span class=\"_ _5\"></span>A and S<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>i\u00e9t<span class=\"_ _5\"></span>\u00e9 de </span></span>Dr<span class=\"_ _5\"></span>agag<span class=\"_ _5\"></span>e Luxem<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>urg SA b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME Luxem<span class=\"_ _5\"></span>bou<span class=\"_ _5\"></span>rg SA (all Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries, jointly control<span class=\"_ _3\"></span>led entities and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">new<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d </span>dur<span class=\"_ _5\"></span>ing 2021<span class=\"_ _8\"></span>: Subsidiaries<span class=\"_ _5\"></span>: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t O<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ste<span class=\"_ _5\"></span>nde H<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>dco N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (70%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted K<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>gdo<span class=\"_ _5\"></span>m) </span></span>(<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% in 202<span class=\"_ _3\"></span>1, but chan<span class=\"_ _5\"></span>ged t<span class=\"_ _5\"></span>o 42.5% in 2022);Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">CDW<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>een Ja<span class=\"_ _5\"></span>de Sh<span class=\"_ _5\"></span>ipow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r L<span class=\"_ _2\"></span>TD (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an) (4<span class=\"_ _8\"></span>9.<span class=\"_ _5\"></span>99%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ja<span class=\"_ _5\"></span>pan O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Mar<span class=\"_ _5\"></span>ine L<span class=\"_ _8\"></span>TD (Ja<span class=\"_ _5\"></span>pan) (4<span class=\"_ _3\"></span>9%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">W\u00e9r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ol SA (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (3<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _8\"></span>)<span class=\"_ _5\"></span>;</span></span>Asso<span class=\"_ _5\"></span>ciates: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ya<span class=\"_ _5\"></span>d T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rmin<span class=\"_ _5\"></span>als D<span class=\"_ _5\"></span>UQM L<span class=\"_ _5\"></span>LC (Oman) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>.7<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>uqm L<span class=\"_ _5\"></span>ogi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic L<span class=\"_ _5\"></span>ands a<span class=\"_ _5\"></span>nd Inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt  </span></span>Company LLC (<span class=\"_ _3\"></span>Oman) (<span class=\"_ _8\"></span>26%<span class=\"_ _3\"></span>);CHANGES IN THE CONSOLIDA<span class=\"_ _6\"></span>TION SCOPE IN THE REP<span class=\"_ _5\"></span>ORTING PERIO<span class=\"_ _5\"></span>DThe following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> jointly controlled<span class=\"_ _3\"></span> entities wer<span class=\"_ _5\"></span>e <span class=\"ff6a ls34 ws3e\">liquidated</span> duri<span class=\"_ _5\"></span>ng 2022:  Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">B<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>in Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Dr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>gen<span class=\"_ _5\"></span>s e Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>te SA (Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tug<span class=\"_ _5\"></span>al) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EC do Br<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>l Enge<span class=\"_ _5\"></span>nhar<span class=\"_ _5\"></span>ia Amb<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>tal L<span class=\"_ _8\"></span>TDA (B<span class=\"_ _5\"></span>razi<span class=\"_ _5\"></span>l) </span></span>(<span class=\"_ _5\"></span>74<span class=\"_ _7\"></span>.<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>%<span class=\"_ _5\"></span>)<span class=\"_ _4\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>nces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ons M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur BV (<span class=\"_ _5\"></span>The N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution Holding<span class=\"_ _8\"></span> LLC (USA) </span></span>(10<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>%)<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Marine Construc<span class=\"_ _5\"></span>tion &amp; Solution LL<span class=\"_ _8\"></span>C (USA) (<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>00%);</span></span>Jointly controlled entities: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Br<span class=\"_ _5\"></span>azil S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>cos d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>DA (Bra<span class=\"_ _5\"></span>zil) (50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ra N<span class=\"_ _5\"></span>V (Bel<span class=\"_ _5\"></span>gium) (50%).</span></span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng 100% <span class=\"ff6a ls16 ws1d\">subsidiaries</span> were <span class=\"ff6a ls8c ws54\">merged </span>wi<span class=\"_ _5\"></span>th ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r enti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up dur<span class=\"_ _5\"></span>ing 2022: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore D<span class=\"_ _5\"></span>E Gmb<span class=\"_ _5\"></span>H mer<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th No<span class=\"_ _5\"></span>rds<span class=\"_ _5\"></span>ee </span></span>Nas<span class=\"_ _5\"></span>sb<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>er- und Tie<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>bau G<span class=\"_ _5\"></span>mbH (<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>th G<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>any); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore LU S<span class=\"_ _5\"></span>A mer<span class=\"_ _5\"></span>ged w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h DEME O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e </span></span>LU Pro<span class=\"_ _5\"></span>cure<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t &amp; Ship<span class=\"_ _5\"></span>ping S<span class=\"_ _5\"></span>A (b<span class=\"_ _5\"></span>oth L<span class=\"_ _5\"></span>uxemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g).The following su<span class=\"_ _3\"></span>bsidiaries and<span class=\"_ _3\"></span> associates wer<span class=\"_ _5\"></span>e <span class=\"ff6a\">cre<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed </span><span class=\"ls6b ws78\">d<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g 2<span class=\"_ _5\"></span>022:</span>Subsidiaries<span class=\"_ _5\"></span><span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgiu<span class=\"_ _5\"></span>m) (<span class=\"_ _8\"></span>100%), the ne<span class=\"_ _5\"></span>w DEME </span></span>parent company<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0%), wit<span class=\"_ _5\"></span>hin Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; </span></span>Infra; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME H<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y NV (B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ium) (<span class=\"_ _8\"></span>100%), wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he </span></span>Concessions segment; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Jap<span class=\"_ _5\"></span>an Ltd (Jap<span class=\"_ _5\"></span>an) (<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>%), with<span class=\"_ _5\"></span>in O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span></span>Ener<span class=\"_ _5\"></span>gy<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Innovation Shipping<span class=\"_ _3\"></span> SA (Lux<span class=\"_ _3\"></span>embourg)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>100%<span class=\"_ _8\"></span>), within </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy;Asso<span class=\"_ _5\"></span>ciates<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">Ce<span class=\"_ _5\"></span>dar Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>g SAR<span class=\"_ _5\"></span>L (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (1<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>8%), wi<span class=\"_ _5\"></span>thin </span></span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran D<span class=\"_ _5\"></span>eas E<span class=\"_ _5\"></span>ar L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D (Uni<span class=\"_ _5\"></span>ted </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Wind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s Clua<span class=\"_ _5\"></span>ran Eea<span class=\"_ _5\"></span>r-<span class=\"_ _2\"></span>Thua<span class=\"_ _5\"></span>th L<span class=\"_ _8\"></span>TD (Un<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d </span></span>Kingdom)<span class=\"_ _3\"></span> (<span class=\"_ _8\"></span>42.50%)<span class=\"_ _3\"></span>, within Conc<span class=\"_ _3\"></span>essions.The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>ubsi<span class=\"_ _5\"></span>diar<span class=\"_ _4\"></span>y </span>and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate <span class=\"ff6a\">c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d </span>in th<span class=\"_ _5\"></span>e cour<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of 2022:Subsidiar<span class=\"_ _5\"></span>y<span class=\"ff61 ls3 ws3\">:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>gaf<span class=\"_ _5\"></span>i A<span class=\"_ _5\"></span>sia P<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic P<span class=\"_ _5\"></span>te Ltd (Sin<span class=\"_ _5\"></span>gap<span class=\"_ _5\"></span>ore) and i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span></span>sub<span class=\"_ _5\"></span>sidi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, with<span class=\"_ _5\"></span>in se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a, f<span class=\"_ _5\"></span>rom 4<span class=\"_ _5\"></span>0% to 100% and f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lidat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>o full consolidation;GROUP STRUCTURE AN<span class=\"_ _5\"></span>D CHANG<span class=\"_ _5\"></span>ES IN THE REPORTING PERIODLIST OF THE GROUP<span class=\"_ _5\"></span>\u2019S SUBSIDIARIE<span class=\"_ _5\"></span>S, JOINT V<span class=\"_ _5\"></span>ENTURES A<span class=\"_ _5\"></span>ND A<span class=\"_ _5\"></span>SSO<span class=\"_ _5\"></span>CIA<span class=\"_ _2\"></span>TESThe classification to one or<span class=\"_ _8\"></span> another \u2018operational segment\u2019 of a co<span class=\"_ _5\"></span>mpan<span class=\"_ _5\"></span>y wit<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an var<span class=\"_ _4\"></span>y eac<span class=\"_ _5\"></span>h year based upon the projects per<span class=\"_ _5\"></span>formed by that com<span class=\"_ _3\"></span>pany and is not<span class=\"_ _8\"></span> ne<span class=\"_ _5\"></span>cessarily the same as the<span class=\"_ _3\"></span> operational se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s leg<span class=\"_ _5\"></span>al par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any. A compan<span class=\"_ _5\"></span>y can also execute pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for more th<span class=\"_ _3\"></span>an one operational<span class=\"_ _8\"></span> segment. In that case the<span class=\"_ _8\"></span> main operational segment for t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t year i<span class=\"_ _5\"></span>s dis<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w.All subsidia<span class=\"_ _3\"></span>ries, joint ventu<span class=\"_ _3\"></span>res and associates ha<span class=\"_ _3\"></span>ve the<span class=\"_ _3\"></span> sa<span class=\"_ _5\"></span>me yea<span class=\"_ _5\"></span>r-end c<span class=\"_ _5\"></span>los<span class=\"_ _5\"></span>ing da<span class=\"_ _5\"></span>te as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, e<span class=\"_ _5\"></span>xcept f<span class=\"_ _5\"></span>or tho<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n India a<span class=\"_ _5\"></span>nd Ze<span class=\"_ _5\"></span>ebo<span class=\"_ _5\"></span>erd<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\ue716 West<span class=\"_ _5\"></span>diep BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) whe<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ing dat<span class=\"_ _5\"></span>e is Mar<span class=\"_ _5\"></span>ch 31<span class=\"_ _8\"></span>. Wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e year-e<span class=\"_ _5\"></span>nd cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng dat<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31 closing date,<span class=\"_ _8\"></span> the f<span class=\"_ _5\"></span>igures inc<span class=\"_ _3\"></span>luded in the<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>olidation<span class=\"_ _3\"></span> are tho<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d en<span class=\"_ _5\"></span>ded D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>embe<span class=\"_ _5\"></span>r 31 calen<span class=\"_ _5\"></span>dar date<span class=\"_ _5\"></span>.Fur<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup th<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>re no sign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns to t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>unds i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m of cas<span class=\"_ _5\"></span>h and di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>. <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Hy<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>t Coordination<span class=\"_ _3\"></span> Company<span class=\"_ _3\"></span> LLC (<span class=\"_ _8\"></span>Oman) (<span class=\"_ _8\"></span>50%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ve BV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>.67%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">N<span class=\"_ _5\"></span>ou Vela SA (Fr<span class=\"_ _5\"></span>ance) (46.<span class=\"_ _5\"></span>60%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMOP (Fr<span class=\"_ _5\"></span>ance) (23.7<span class=\"_ _8\"></span>7%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">R<span class=\"_ _5\"></span>hama P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t H<span class=\"_ _5\"></span>ub SRL (I<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ly) (28%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span>Ze<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>oer<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>\ue716 Wes<span class=\"_ _5\"></span>tdie<span class=\"_ _5\"></span>p BV (Be<span class=\"_ _5\"></span>lgium) (20%).</span>The <span class=\"ff6a ls8c ws54\">percentage </span>of s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>ding in o<span class=\"_ _5\"></span>r the consolidation method<span class=\"_ _8\"></span> <span class=\"ff61 ls3 ws3\">o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ing </span>companies<span class=\"ff6a ls3 ws3\"> c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d <span class=\"ff61\">in t<span class=\"_ _5\"></span>he cou<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e of 2021<span class=\"_ _8\"></span>:</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd (Th<span class=\"_ _5\"></span>ailan<span class=\"_ _5\"></span>d) (fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ully </span></span>consolidation to<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity method consolidation; from<span class=\"_ _3\"></span> 98% to 4<span class=\"_ _5\"></span>8.<span class=\"_ _5\"></span>90%); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">G<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>c O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore S<span class=\"_ _5\"></span>A / G<span class=\"_ _5\"></span>-tec S<span class=\"_ _5\"></span>AS / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec NV / G<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>ec BV </span></span>(fro<span class=\"_ _5\"></span>m 72.5% to 1<span class=\"_ _3\"></span>00%); as a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uenc<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e abo<span class=\"_ _5\"></span>ve, Hydr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>eo SA<span class=\"_ _5\"></span>RL c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 43.<span class=\"_ _5\"></span>50% to 6<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>nd fr<span class=\"_ _5\"></span>om consolidation acc<span class=\"_ _3\"></span>ording to<span class=\"_ _8\"></span> the equity method towards fully consolidation; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">H<span class=\"_ _5\"></span>igh Wi<span class=\"_ _5\"></span>nd NV (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) (fro<span class=\"_ _5\"></span>m 99.<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>% to 100%);</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">PT Dredging International<span class=\"_ _3\"></span> Indonesia (Indonesi<span class=\"_ _3\"></span>a)<span class=\"_ _3\"></span> (from </span></span>60% t<span class=\"_ _5\"></span>o 95%<span class=\"_ _8\"></span>).The <span class=\"ff6a\">n<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e </span>of th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ing <span class=\"ff6a ls16 ws1d\">subsidiaries</span> cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>ed <span class=\"ff61\">i<span class=\"_ _5\"></span>n the co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>:</span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Env<span class=\"_ _5\"></span>iron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal N<span class=\"_ _5\"></span>V (Be<span class=\"_ _5\"></span>lgium) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or DEM<span class=\"_ _5\"></span>E  </span></span>Environmental<span class=\"_ _8\"></span> Contrac<span class=\"_ _5\"></span>tors NV); <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">D<span class=\"_ _5\"></span>EME Lu<span class=\"_ _5\"></span>xemb<span class=\"_ _5\"></span>ourg S<span class=\"_ _5\"></span>A (Lu<span class=\"_ _5\"></span>xembo<span class=\"_ _5\"></span>urg) (<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>or S<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>di SA)<span class=\"_ _5\"></span>;</span></span> <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61 lse ws12\">Spar<span class=\"_ _5\"></span>tacus Shipping SA<span class=\"_ _3\"></span> (Luxe<span class=\"_ _3\"></span>mbourg) (prior </span></span>Mar<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>me S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s &amp; So<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ions S<span class=\"_ _5\"></span>A).JOINT V<span class=\"_ _5\"></span>ENTURES (EQUIT<span class=\"_ _5\"></span>Y MET<span class=\"_ _5\"></span>HOD IN FINA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L ST<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>TEMENTS BUT PROP<span class=\"_ _5\"></span>ORTI<span class=\"_ _5\"></span>ONA<span class=\"_ _2\"></span>TE MET<span class=\"_ _5\"></span>HOD IN SEGME<span class=\"_ _3\"></span>NT REPORTING)A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 202<span class=\"_ _3\"></span>2202<span class=\"_ _5\"></span>2  20<span class=\"_ _5\"></span>21 <span class=\"ls3 ws3\"> </span>Main Operational Name<span class=\"_ _205\"> </span><span class=\"ls5 ws5\">Country</span>% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-% of<span class=\"_ _8\"></span> Share<span class=\"_ _5\"></span> <span class=\"_ _0\"></span>-Segment 202<span class=\"_ _8\"></span>2holdingholdingSc<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s Sa<span class=\"_ _5\"></span>lva<span class=\"_ _5\"></span>ge &amp; Ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e Cont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s NV<span class=\"_ _12e\"> </span>Be<span class=\"_ _5\"></span>lgium<span class=\"_ _59\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>4.38%<span class=\"_ _1d\"> </span>5<span class=\"_ _5\"></span>4.38%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>fsh<span class=\"_ _5\"></span>ore Energy</span></span>S\u00e9<span class=\"_ _5\"></span>dis<span class=\"_ _5\"></span>ol SA<span class=\"_ _231\"> </span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Enviro<span class=\"_ _5\"></span>nment<span class=\"_ _5\"></span>al</span></span>Blue S<span class=\"_ _5\"></span>ite S<span class=\"_ _5\"></span>A<span class=\"_ _1d6\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37<span class=\"_ _3\"></span>.45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>W\u00e9r<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>l S<span class=\"_ _5\"></span>A<span class=\"_ _e5\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>Sil<span class=\"_ _5\"></span>vamo N<span class=\"_ _5\"></span>V<span class=\"_ _1f0\"> </span>Belgium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37.45%<span class=\"_ _7f\"> </span>37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _169\"> </span><span class=\"ls18 ws20\">Environm<span class=\"_ _5\"></span>ental</span></span>T<span class=\"_ _2\"></span>op Wallonie NV<span class=\"_ _79\"> </span>Bel<span class=\"_ _5\"></span>gium<span class=\"_ _39\"> </span><span class=\"ls7a ws88\">37<span class=\"_ _8\"></span>.<span class=\"_ _5\"></span>45%<span class=\"_ _7f\"> </span>37.45%<span class=\"_ _164\"> </span><span class=\"ls18 ws20\">Envir<span class=\"_ _5\"></span>onment<span class=\"_ _5\"></span>al</span></span>T<span class=\"_ _2\"></span>ransterra<span class=\"_ _8\"></span> NV<span class=\"_ _8d\"> </span>Belgium<span class=\"_ _49\"> </span>0%<span class=\"_ _23\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>MSB Min<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>a\u00e7\u00f5<span class=\"_ _5\"></span>es Su<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tent<span class=\"_ _5\"></span>\u00e1ve<span class=\"_ _5\"></span>is do B<span class=\"_ _5\"></span>ras<span class=\"_ _5\"></span>il SA<span class=\"_ _cf\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _232\"> </span><span class=\"lsc1 wscd\">51%<span class=\"_ _233\"> </span>51%<span class=\"_ _91\"> </span></span>Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span>DEME Br<span class=\"_ _5\"></span>azi<span class=\"_ _5\"></span>l Ser<span class=\"_ _4\"></span>vi\u00e7<span class=\"_ _5\"></span>os d<span class=\"_ _5\"></span>e Dra<span class=\"_ _5\"></span>gag<span class=\"_ _5\"></span>em Ltda<span class=\"_ _147\"> </span><span class=\"ls18 ws20\">Brazil<span class=\"_ _12a\"> </span><span class=\"lse ws12\">0%<span class=\"_ _22\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _1d\"> </span></span></span>Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span>Guangzhou<span class=\"_ _3\"></span> Coscocs DEME New E<span class=\"_ _3\"></span>nergy Engineering<span class=\"_ _8\"></span> Co. Ltd<span class=\"_ _234\"> </span>China<span class=\"_ _18b\"> </span><span class=\"ls35 ws43\">49<span class=\"_ _8\"></span>.9<span class=\"_ _5\"></span>9%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _78\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de Cypru<span class=\"_ _5\"></span>s Ltd<span class=\"_ _22b\"> </span>Cy<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>r<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>s<span class=\"_ _11c\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Japan Of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>hore Marine Ltd<span class=\"_ _2f\"> </span>Japan<span class=\"_ _1b4\"> </span><span class=\"ls7a ws88\">49<span class=\"_ _5\"></span>%<span class=\"_ _31\"> </span>49<span class=\"_ _5\"></span>%<span class=\"_ _cc\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>BNS J<span class=\"_ _5\"></span>V Ltd<span class=\"_ _18a\"> </span><span class=\"ls18 ws20\">United Kingdo<span class=\"_ _5\"></span>m<span class=\"_ _235\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span></span>D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Normalu<span class=\"_ _5\"></span>x Marit<span class=\"_ _5\"></span>ime SA<span class=\"_ _d1\"> </span>Luxembourg<span class=\"_ _163\"> </span><span class=\"ls83 ws91\">3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _202\"> </span><span class=\"ls3a ws3f\">Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy</span></span>Combined Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>erminal Op<span class=\"_ _5\"></span>erati<span class=\"_ _5\"></span>ons Maraf<span class=\"_ _5\"></span>i LLC<span class=\"_ _8b\"> </span>Oman<span class=\"_ _186\"> </span><span class=\"ls83 ws91\">37.<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>7.<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>%<span class=\"_ _202\"> </span><span class=\"ls18 ws20\">Dre<span class=\"_ _5\"></span>dging &amp; Infr<span class=\"_ _5\"></span>a</span></span>Gul<span class=\"_ _5\"></span>f Ear<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h Mov<span class=\"_ _5\"></span>ing Q<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ar WLL<span class=\"_ _236\"> </span>Qatar<span class=\"_ _11d\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dr<span class=\"_ _5\"></span>edging &amp; Inf<span class=\"_ _5\"></span>ra</span></span>DIA<span class=\"_ _5\"></span>P Thai<span class=\"_ _5\"></span>land C<span class=\"_ _5\"></span>o Ltd<span class=\"_ _237\"> </span>Thailand<span class=\"_ _179\"> </span><span class=\"ls35 ws43\">48.90%<span class=\"_ _cc\"> </span>48.90%<span class=\"_ _235\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>CS<span class=\"_ _5\"></span>BC DEM<span class=\"_ _5\"></span>E Wind En<span class=\"_ _5\"></span>gine<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ing Co Ltd (CDW<span class=\"_ _5\"></span>E)<span class=\"_ _1b5\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>CDWE Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jade S<span class=\"_ _5\"></span>hip<span class=\"_ _5\"></span>own<span class=\"_ _5\"></span>er Ltd<span class=\"_ _1e1\"> </span>T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>an<span class=\"_ _5e\"> </span><span class=\"ls35 ws43\">49.99%<span class=\"_ _cc\"> </span>49.99%<span class=\"_ _235\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>DBM-<span class=\"_ _5\"></span>Bon<span class=\"_ _5\"></span>trup BV<span class=\"_ _17b\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a</span></span>K3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _238\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _31\"> </span>50%<span class=\"_ _1e\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redgin<span class=\"_ _5\"></span>g &amp; Infra</span></span>Deepro<span class=\"_ _5\"></span>ck Beheer BV<span class=\"_ _f5\"> </span><span class=\"lse ws12\">The Netherlands<span class=\"_ _1ee\"> </span></span>50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span>Deeprock<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>V<span class=\"_ _212\"> </span>The Netherlands<span class=\"_ _93\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy</span></span>Ov<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>as Con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g &amp; Char<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>ing S<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vic<span class=\"_ _5\"></span>es BV<span class=\"_ _39\"> </span>The Netherlands<span class=\"_ _1ee\"> </span><span class=\"ls35 ws43\">50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls3a ws3f\">O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshor<span class=\"_ _5\"></span>e Energy</span></span>Unit<span class=\"_ _5\"></span>ed A<span class=\"_ _5\"></span>rab Earth Moving Middle<span class=\"_ _8\"></span> Eas<span class=\"_ _5\"></span>t Contracting DMCEST50%<span class=\"_ _166\"> </span>50%<span class=\"_ _1d\"> </span><span class=\"ls18 ws20\">D<span class=\"_ _5\"></span>redging &amp; Inf<span class=\"_ _5\"></span>ra</span>Emira<span class=\"_ _5\"></span>tesThe i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Se<span class=\"_ _5\"></span>a Chall<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ger<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ied o<span class=\"_ _5\"></span>ut w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin a Ja<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en DEM<span class=\"_ _5\"></span>E (49%<span class=\"_ _3\"></span>) and p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner P<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>-Oce<span class=\"_ _5\"></span>an Co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any w<span class=\"_ _5\"></span>ill up<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ake po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e \u2018S<span class=\"_ _5\"></span>ea C<span class=\"_ _5\"></span>hall<span class=\"_ _5\"></span>eng<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 i<span class=\"_ _5\"></span>n 2024 and ref<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el to t<span class=\"_ _5\"></span>he NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTJap<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>g. A<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re is c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d, th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt is n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>\u2019of th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d st<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E is ho<span class=\"_ _5\"></span>weve<span class=\"_ _5\"></span>r f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d shar<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In 2020 CDWE<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>aiw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEME (49.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>ind i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Jad<span class=\"_ _5\"></span>e\u2019 i<span class=\"_ _5\"></span>n T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing h<span class=\"_ _5\"></span>eav<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>dut<span class=\"_ _5\"></span>y cr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>e and i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>P3 cap<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th a h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>ch cra<span class=\"_ _5\"></span>ne w<span class=\"_ _5\"></span>ith a l<span class=\"_ _5\"></span>if<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of 4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>00 t<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Sta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng in 2023, t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dep<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>hri<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ng lo<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>al of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re wi<span class=\"_ _5\"></span>nd ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>t. A<span class=\"_ _5\"></span>s the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture i<span class=\"_ _5\"></span>s inte<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 of the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. D<span class=\"_ _5\"></span>EME h<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>ver inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>f app<span class=\"_ _5\"></span>rox<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ely 3<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R in CDWE i<span class=\"_ _5\"></span>n 2020 and 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR in 2021 as ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e. N<span class=\"_ _5\"></span>o add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal w<span class=\"_ _5\"></span>as inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E in 2022. Th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>elf se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ed a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m ba<span class=\"_ _5\"></span>nk lo<span class=\"_ _5\"></span>an t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e dra<span class=\"_ _5\"></span>wn in 2023 fo<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pa<span class=\"_ _5\"></span>yme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the \u2018<span class=\"_ _5\"></span>Gr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n Jad<span class=\"_ _5\"></span>e\u2019.The<span class=\"_ _5\"></span>re ar<span class=\"_ _5\"></span>e no e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>e DEME h<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d the s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e or as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te. T<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r wh<span class=\"_ _5\"></span>om th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve, ar<span class=\"_ _5\"></span>e all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>pon<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts of th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e suc<span class=\"_ _5\"></span>h as sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns on e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>is al<span class=\"_ _5\"></span>loc<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted in t<span class=\"_ _5\"></span>he li<span class=\"_ _5\"></span>ne <span class=\"ff73 ls15d ws172\">'other mov<span class=\"_ _8\"></span>ement<span class=\"_ _5\"></span>s'<span class=\"ff70 ls3 ws3\">. The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve or n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er fr<span class=\"_ _5\"></span>om r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent in </span></span>joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s is re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>n. I<span class=\"_ _5\"></span>f af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er all<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on the n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ne<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>ds th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y) is r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ead o<span class=\"_ _5\"></span>f a negative inv<span class=\"_ _3\"></span>estment within non-current asset<span class=\"_ _5\"></span>s.Additions of<span class=\"_ _3\"></span> the year<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>n 2022 inclu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s for 3<span class=\"_ _5\"></span>.9 </span>milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s are ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt an<span class=\"_ _5\"></span>d mor<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>eci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y to th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in Thi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tle W<span class=\"_ _5\"></span>ind P<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of 2022 thi<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m had b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n awa<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d 2GW w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h of op<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>eas i<span class=\"_ _5\"></span>n Sc<span class=\"_ _5\"></span>otl<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>\u2019s hi<span class=\"_ _5\"></span>ghl<span class=\"_ _5\"></span>y comp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Sc<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>eab<span class=\"_ _5\"></span>ed l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to a ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in S<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>s NV, withi<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. In 2021 an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wa<span class=\"_ _5\"></span>s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>ane<span class=\"_ _5\"></span>se j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n DEM<span class=\"_ _5\"></span>E (4<span class=\"_ _3\"></span>9.99<span class=\"_ _5\"></span>%) and pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er C<span class=\"_ _5\"></span>SBC<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d the o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d ins<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018G<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>en Ja<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>\u2019 in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture is co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y me<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>his n<span class=\"_ _5\"></span>ew ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018<span class=\"_ _5\"></span>Pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u2019 bu<span class=\"_ _5\"></span>t DEM<span class=\"_ _5\"></span>E\u2019s fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g in th<span class=\"_ _5\"></span>e new v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms o<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>nd the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e ho<span class=\"_ _5\"></span>ld in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (IR<span class=\"_ _5\"></span>S)<span class=\"_ _5\"></span>. Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the <span class=\"ff73 ls15d ws172\">other comprehensiv<span class=\"_ _8\"></span>e income (<span class=\"_ _8\"></span>OCI)<span class=\"ff70 ls3 ws3\"> of the cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span></span>incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es a p<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 28<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to a n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f -22.2 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2021 (<span class=\"_ _8\"></span>+50.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EUR mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear). T<span class=\"_ _5\"></span>his r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEM<span class=\"_ _5\"></span>E\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux SA<span class=\"_ _5\"></span>, BA<span class=\"_ _4\"></span>AK B<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>kenbu<span class=\"_ _5\"></span>rg-Verb<span class=\"_ _5\"></span>indi<span class=\"_ _5\"></span>ng BV an<span class=\"_ _5\"></span>d Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMO<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>, ne<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A mi<span class=\"_ _5\"></span>nor a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of -<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>02 milli<span class=\"_ _5\"></span>on EUR re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>es to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e (DEME s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e) is in<span class=\"_ _5\"></span>dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. The m<span class=\"_ _5\"></span>ajor p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e of jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ 50.<span class=\"_ _5\"></span>5 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R) is r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the g<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in mark<span class=\"_ _8\"></span>et interest ra<span class=\"_ _3\"></span>tes c<span class=\"_ _3\"></span>ompared<span class=\"_ _8\"></span> to the h<span class=\"_ _3\"></span>edged i<span class=\"_ _3\"></span>nterest<span class=\"_ _3\"></span> rates.A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he <span class=\"ff73 ls116 ws9d\">divide<span class=\"_ _5\"></span>nds distributed by<span class=\"_ _3\"></span> the participations<span class=\"ff70 lsb1 wsbe\"> in 20<span class=\"_ _8\"></span>22, the a<span class=\"_ _3\"></span>mount received from<span class=\"_ _3\"></span> associates comes from the participations </span></span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d C<span class=\"_ _3\"></span>-P<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r NV, where<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y com<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>a NV.Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e <span class=\"ff73\">re<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es</span><span class=\"lsb1 wsbe\"> (9.3 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR) is related to<span class=\"_ _8\"></span> the Concessions segment and its participations in </span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V and S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e NV th<span class=\"_ _5\"></span>at op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s to it<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g BV an<span class=\"_ _5\"></span>d in Por<span class=\"_ _4\"></span>t of D<span class=\"_ _5\"></span>uqm C<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any SAO<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or 5.<span class=\"_ _5\"></span>6 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R to th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>The a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of g<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>will i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s inter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s is 0.<span class=\"_ _5\"></span>3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR wi<span class=\"_ _5\"></span>th n<span class=\"_ _5\"></span>o cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>unt in 2<span class=\"_ _5\"></span>022 nor in 2021<span class=\"_ _3\"></span>. The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wil<span class=\"_ _5\"></span>l inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.In th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>ll inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or us<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>ty m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>d. O<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the segment reporting<span class=\"_ _5\"></span>, a separate<span class=\"_ _3\"></span> chapter i<span class=\"_ _3\"></span>n this re<span class=\"_ _3\"></span>por<span class=\"_ _5\"></span>t, joint ventu<span class=\"_ _3\"></span>res are acc<span class=\"_ _3\"></span>ounted for us<span class=\"_ _3\"></span>ing the proportionate consolidation method.The <span class=\"ff73 ls3 ws3\">cha<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>es ov<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span>are explained below<span class=\"_ _8\"></span>.The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TES20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _14e\"> </span>254,829<span class=\"_ _8\"></span> <span class=\"_ _7c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span>8,<span class=\"_ _5\"></span>352 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>82,<span class=\"_ _5\"></span>877<span class=\"_ _5\"></span> </span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 12<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,9<span class=\"_ _5\"></span>01 <span class=\"_ _1e\"> </span></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _af\"> </span>135,<span class=\"_ _2\"></span>14<span class=\"_ _5\"></span>8 </span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _221\"> </span>-<span class=\"_ _5\"></span>41,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _5\"></span>8 <span class=\"_ _84\"> </span><span class=\"ls1c ws26\">92<span class=\"_ _5\"></span>5 <span class=\"_ _55\"> </span></span>-<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">-4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,528<span class=\"_ _5\"></span> </span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 80,628 <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>939 <span class=\"_ _168\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _1bf\"> </span></span>-<span class=\"_ _202\"> </span></span>94,620 associates book<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>d as<span class=\"_ _3\"></span> a non-current<span class=\"_ _3\"></span> assetSummarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _f5\"> </span>25<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _91\"> </span>2,5<span class=\"_ _5\"></span>42<span class=\"_ _91\"> </span>5,<span class=\"_ _5\"></span>070<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls57 ws60\">259,8<span class=\"_ _5\"></span>59</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _228\"> </span><span class=\"ls34 ws3e\">104,25<span class=\"_ _3\"></span>8<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span></span></span></span><span class=\"ff72\">14<span class=\"_ _8\"></span>1,296</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _19c\"> </span>2<span class=\"_ _3\"></span>54,829<span class=\"_ _7a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span>8,<span class=\"_ _5\"></span>352<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls7b ws89\">282,<span class=\"_ _5\"></span>877</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _d8\"> </span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _163\"> </span>1,78<span class=\"_ _5\"></span>3<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls38 ws41\">70,985</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _106\"> </span>34,6<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _91\"> </span>8,826<span class=\"_ _91\"> </span>3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span><span class=\"ff72 ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _131\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>17<span class=\"_ _1e7\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>33<span class=\"_ _39\"> </span></span>-<span class=\"_ _7c\"> </span><span class=\"ff72 ls2c ws38\">22,<span class=\"_ _8\"></span>444</span>Income statementRevenues<span class=\"_ _1b3\"> </span>110<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _213\"> </span>16,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,13<span class=\"_ _4\"></span>2<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls16 ws1d\">1<span class=\"_ _8\"></span>34,451</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _298\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _a9\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">2,<span class=\"_ _5\"></span>353<span class=\"_ _39\"> </span></span>-<span class=\"_ _8f\"> </span><span class=\"ff72 ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>10</span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd D<span class=\"_ _5\"></span>eep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV<span class=\"_ _5\"></span>) an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>age w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (Sc<span class=\"_ _5\"></span>ald<span class=\"_ _5\"></span>is N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, a 5<span class=\"_ _5\"></span>0% joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th DEM<span class=\"_ _5\"></span>E Bui<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng Ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials B<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e was n<span class=\"_ _5\"></span>o ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in Ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ia (Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga L<span class=\"_ _5\"></span>LC) any<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>re in 2022.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _fc\"> </span>15<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>76<span class=\"_ _15a\"> </span>19<span class=\"_ _8\"></span>,266<span class=\"_ _cc\"> </span>5,266<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">181,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>91,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _14e\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _29b\"> </span><span class=\"ff72 lse ws12\">1<span class=\"_ _8\"></span>36<span class=\"_ _5\"></span>,398</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _f9\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _91\"> </span>5,4<span class=\"_ _5\"></span>66<span class=\"_ _7f\"> </span>2<span class=\"_ _7\"></span>,13<span class=\"_ _7\"></span>6<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls4c ws5f\">65<span class=\"_ _5\"></span>,523</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>34,69<span class=\"_ _8\"></span>7<span class=\"_ _7a\"> </span>2<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _7f\"> </span>3,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ff72 ls38 ws41\">60,<span class=\"_ _5\"></span>346</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _109\"> </span>27,497<span class=\"_ _168\"> </span>-1,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>27<span class=\"_ _39\"> </span></span>-<span class=\"_ _202\"> </span><span class=\"ff72 ls18 ws20\">23,305</span>Income statementRevenues<span class=\"_ _29c\"> </span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span>14<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2<span class=\"_ _7e\"> </span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls33 ws3c\">242,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>32</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>4<span class=\"_ _5\"></span>,79<span class=\"_ _4\"></span>0<span class=\"_ _14e\"> </span>-<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>958<span class=\"_ _20\"> </span><span class=\"ls89 ws97\">817<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"ff72 ls19 ws16\">6<span class=\"_ _5\"></span>49</span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSReconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _169\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span></span>-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _7a\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _1d\"> </span>2,434<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7a\"> </span><span class=\"ls8 ws8\">9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _95\"> </span><span class=\"ls84 ws92\">-4<span class=\"_ _5\"></span>65<span class=\"_ _35\"> </span><span class=\"ls1c ws26\">925<span class=\"_ _27\"> </span></span></span>-<span class=\"_ _c0\"> </span><span class=\"ff72 ls10 ws14\">460</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _15a\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>,15<span class=\"_ _5\"></span>3<span class=\"_ _7e\"> </span>3,<span class=\"_ _5\"></span>359<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ls16 ws1d\">90,564</span></span>associatesNOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1IN<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X LOS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>S C<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D FOR<span class=\"_ _5\"></span>W<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RDIn 2022, inc<span class=\"_ _5\"></span>ome t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f <span class=\"ff73 ls13 ws9a\">subsidiari<span class=\"_ _5\"></span>es</span> amou<span class=\"_ _5\"></span>nt to 4<span class=\"_ _5\"></span>60 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or 20<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>en re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble b<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ow pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s a br<span class=\"_ _5\"></span>eakdo<span class=\"_ _5\"></span>wn b<span class=\"_ _5\"></span>y matu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ty o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts (s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup) re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 26<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R of t<span class=\"_ _5\"></span>ax lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f sub<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>diar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s is r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In 2021<span class=\"_ _8\"></span>, i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d for<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d of s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hich n<span class=\"_ _5\"></span>o de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>d t<span class=\"_ _5\"></span>ax as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to 24<span class=\"_ _8\"></span>1 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) 2022Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin 1 yea<span class=\"_ _5\"></span>r<span class=\"_ _2b3\"> </span>-Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 1 y<span class=\"_ _5\"></span>ear bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t lat<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 5 year<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls8b ws99\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>13</span>Ex<span class=\"_ _5\"></span>pir<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion d<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ter 5 y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x los<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t an e<span class=\"_ _5\"></span>xpi<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n date<span class=\"_ _1cb\"> </span><span class=\"ls147 ws157\">16<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>om su<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s<span class=\"_ _2b5\"> </span><span class=\"ls5c ws65\">19<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>70</span>Reco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m join<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>es (s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up)<span class=\"_ _1c7\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>0</span>T<span class=\"_ _2\"></span>otal rec<span class=\"_ _3\"></span>ognise<span class=\"_ _3\"></span>d tax<span class=\"_ _8\"></span> losses<span class=\"_ _2b6\"> </span><span class=\"ls3a ws3f\">200,06<span class=\"_ _5\"></span>0</span>Unre<span class=\"_ _3\"></span>cogn<span class=\"_ _8\"></span>ised tax losses<span class=\"_ _3\"></span> from<span class=\"_ _3\"></span> subsi<span class=\"_ _3\"></span>dia<span class=\"_ _8\"></span>ries<span class=\"_ _262\"> </span><span class=\"ls5c ws65\">260<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>91</span>Unre<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>rom j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (sha<span class=\"_ _5\"></span>re of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup)<span class=\"_ _98\"> </span><span class=\"ls19 ws16\">39<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>196</span>T<span class=\"_ _2\"></span>otal un<span class=\"_ _3\"></span>recog<span class=\"_ _3\"></span>nised<span class=\"_ _8\"></span> tax losses<span class=\"_ _2b7\"> </span><span class=\"ls16 ws1d\">299,487</span>T<span class=\"_ _2\"></span>otal tax<span class=\"_ _3\"></span> losses<span class=\"_ _2b8\"> </span><span class=\"ls16 ws1d\">499,5<span class=\"_ _3\"></span>47</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-3": {
   "value": "T<span class=\"_ _2\"></span>otal revenues<span class=\"ff61 ls3 ws3\"> in 20<span class=\"_ _3\"></span>22 incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>30 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.  </span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r<span class=\"ff61 ls3 ws3\"> incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>r 6% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d </span>to 2022, whe<span class=\"_ _5\"></span>reas <span class=\"ff6a ls33 ws3c\">o<span class=\"_ _5\"></span>ther operating income<span class=\"_ _8\"></span><span class=\"ff61 ls8c ws54\"> decreased </span></span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng inc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f 2022 includ<span class=\"_ _5\"></span>es liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived as compensation for<span class=\"_ _3\"></span> the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he late deliver<span class=\"_ _5\"></span>y of ins<span class=\"_ _5\"></span>talla<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel \u2018O<span class=\"_ _5\"></span>rion<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>fs<span class=\"_ _5\"></span>hore Energy segment)<span class=\"_ _3\"></span> for 1<span class=\"_ _8\"></span>9 mill<span class=\"_ _3\"></span>ion EUR, whereas<span class=\"_ _3\"></span> the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e of 2021 includ<span class=\"_ _5\"></span>ed 1<span class=\"_ _3\"></span>5 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived relating<span class=\"_ _3\"></span> to cutter suction dre<span class=\"_ _5\"></span>dger \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>tac<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019 (Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t). Inv<span class=\"_ _3\"></span>entories, co<span class=\"_ _3\"></span>ntract assets and<span class=\"_ _3\"></span> trade and<span class=\"_ _8\"></span> other operating rec<span class=\"_ _3\"></span>eivables<span class=\"ff61 ls8c ws54\"> i<span class=\"_ _3\"></span>ncreased<span class=\"_ _8\"></span> with respectively </span>1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>5, 18.<span class=\"_ _2\"></span>1 and 85<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in tr<span class=\"_ _5\"></span>ade and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut ma<span class=\"_ _5\"></span>inly d<span class=\"_ _5\"></span>ue to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of major projects and the ti<span class=\"_ _3\"></span>ming of i<span class=\"_ _3\"></span>nvoici<span class=\"_ _3\"></span>ng as contract as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s up<span class=\"_ _5\"></span>on acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ance by the c<span class=\"_ _5\"></span>lien<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an inc<span class=\"_ _5\"></span>reas<span class=\"_ _5\"></span>e in ov<span class=\"_ _5\"></span>erdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The <span class=\"ff6a ls34 ws3e\">contr<span class=\"_ _5\"></span>act liabilities</span><span class=\"ls19 ws16\"> increa<span class=\"_ _5\"></span>sed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _8\"></span>42 million </span>EUR<span class=\"_ _5\"></span>, par<span class=\"_ _4\"></span>tl<span class=\"_ _5\"></span>y due to a<span class=\"_ _5\"></span>n incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut mai<span class=\"_ _5\"></span>nly due to t<span class=\"_ _5\"></span>he tim<span class=\"_ _5\"></span>ing (e.g<span class=\"_ _5\"></span>. new p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>tar<span class=\"_ _4\"></span>tin<span class=\"_ _5\"></span>g up wh<span class=\"_ _5\"></span>ere the inv<span class=\"_ _3\"></span>oicing is<span class=\"_ _8\"></span> ahead of the operational ex<span class=\"_ _3\"></span>ecution of the project for some major<span class=\"_ _8\"></span> US of<span class=\"_ _5\"></span>fshore projec<span class=\"_ _5\"></span>ts).NOTE 1 <span class=\"_ _5\"></span>\u2013 TU<span class=\"_ _5\"></span>RNOVER <span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>D OR<span class=\"_ _5\"></span>DERB<span class=\"_ _5\"></span>OO<span class=\"_ _5\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1TURNO<span class=\"_ _8\"></span>VERBe<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t by na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>rap<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>rket c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>u<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r by n<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re <span class=\"ff70\">(<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Revenue from contract<span class=\"_ _5\"></span>s with customer<span class=\"_ _5\"></span>s<span class=\"_ _54\"> </span><span class=\"ls34 ws3e\">2,64<span class=\"_ _5\"></span>4,25<span class=\"_ _8\"></span>7 <span class=\"_ _32\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>498<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>6 </span></span>Revenue from anci<span class=\"_ _3\"></span>llary acti<span class=\"_ _5\"></span>vities<span class=\"_ _24c\"> </span><span class=\"ls16 ws1d\">1<span class=\"_ _8\"></span>0,468 <span class=\"_ _4b\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>51<span class=\"_ _4\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom contracts with customers <span class=\"ff70 lsb1 wsbe\">mainly<span class=\"_ _3\"></span> comprises the net rev<span class=\"_ _3\"></span>enue from the<span class=\"_ _3\"></span> operational activities of the segments<span class=\"_ _5\"></span>. For most </span>contracting activ<span class=\"_ _5\"></span>ities the contract is based on<span class=\"_ _3\"></span> a fixed/lump<span class=\"_ _8\"></span> sum price. The Group acts as contractor and princi<span class=\"_ _3\"></span>pal of the e<span class=\"_ _3\"></span>ngagement.Revenue<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>rom ancillary activities <span class=\"ff70 ls3 ws3\">is r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue th<span class=\"_ _5\"></span>at ca<span class=\"_ _5\"></span>n be ve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt or f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. It is t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>hat i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t </span>fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>ed up a<span class=\"_ _5\"></span>s a s<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e mana<span class=\"_ _5\"></span>gem<span class=\"_ _5\"></span>ent r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing s<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>em.The Group has<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>termined that<span class=\"_ _8\"></span> the disaggregation of revenue<span class=\"_ _3\"></span> by product line i<span class=\"_ _3\"></span>s best refle<span class=\"_ _5\"></span>cted by the re<span class=\"_ _3\"></span>venue information<span class=\"_ _3\"></span> that is<span class=\"_ _3\"></span> dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or ea<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt un<span class=\"_ _5\"></span>der I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 8, a<span class=\"_ _5\"></span>s this i<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ular<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>iew<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>f dec<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on ma<span class=\"_ _5\"></span>kers (s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>hap<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>n Se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt Re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g) an<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>st d<span class=\"_ _5\"></span>epi<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s how t<span class=\"_ _5\"></span>he na<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>, ti<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g and un<span class=\"_ _5\"></span>cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>y of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws are affec<span class=\"_ _5\"></span>ted by economic<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>actors<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _260\"> </span><span class=\"ls147 ws157\">9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">916<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _261\"> </span><span class=\"ls55 ws5d\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span> <span class=\"_ _88\"> </span><span class=\"ls75 ws82\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>478<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>6 </span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _262\"> </span><span class=\"ls59 ws62\">206,336 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>3 </span></span>Concessions<span class=\"_ _263\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>14 <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er by s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsf ws13\">2,690,676<span class=\"_ _3\"></span> <span class=\"_ _20\"> </span><span class=\"ls16 ws1d\">2,562,290 </span></span>Reconc<span class=\"_ _5\"></span>iliation<span class=\"_ _264\"> </span><span class=\"ls59 ws62\">-3<span class=\"_ _8\"></span>5,951 <span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-5<span class=\"_ _3\"></span>1,683 </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e is th<span class=\"_ _5\"></span>e tur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ventures. These are<span class=\"_ _8\"></span> consolidated according<span class=\"_ _8\"></span> to the proportionate method in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>egment reporting but acco<span class=\"_ _3\"></span>rding to<span class=\"_ _8\"></span> the equity consolidation method (<span class=\"_ _8\"></span>application of IAS 28)<span class=\"_ _8\"></span> in the financial statements.T<span class=\"_ _2\"></span>urnover<span class=\"_ _8\"></span> by geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Belgi<span class=\"_ _5\"></span>um<span class=\"_ _265\"> </span><span class=\"ls13 ws9a\">354,4<span class=\"_ _8\"></span>39 <span class=\"_ _18\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>79<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>8 </span></span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _266\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>271,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4 <span class=\"_ _55\"> </span><span class=\"ls7f ws8d\">976<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>9 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _267\"> </span><span class=\"ls7f ws8d\">36<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,97<span class=\"_ _5\"></span>5 <span class=\"_ _1bf\"> </span><span class=\"lse ws12\">608,<span class=\"_ _3\"></span>708<span class=\"_ _3\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _268\"> </span><span class=\"ls55 ws5d\">319<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls78 ws86\">49<span class=\"_ _5\"></span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span><span class=\"ls75 ws82\">93<span class=\"_ _5\"></span>,70<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _26a\"> </span><span class=\"ls80 ws8e\">124<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _4b\"> </span><span class=\"ls4b ws53\">42,359<span class=\"_ _5\"></span> </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _26b\"> </span><span class=\"ls78 ws86\">81,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _19a\"> </span><span class=\"ls89 ws97\">17,<span class=\"_ _4\"></span>317<span class=\"_ _4\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls7f ws8d\">5,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span> <span class=\"_ _1b5\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al t<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er as p<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _25f\"> </span><span class=\"lsf ws13\">2,654<span class=\"_ _5\"></span>,7<span class=\"_ _8\"></span>25 <span class=\"_ _32\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>510<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7 </span></span>A geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l mar<span class=\"_ _5\"></span>ket is d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d as th<span class=\"_ _5\"></span>e ar<span class=\"_ _5\"></span>ea (l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on) wh<span class=\"_ _5\"></span>ere p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n for o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A larg<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is g<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ted o<span class=\"_ _5\"></span>n pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts f<span class=\"_ _5\"></span>or a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iou<span class=\"_ _5\"></span>s coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and geographic<span class=\"_ _5\"></span>al areas.Unli<span class=\"_ _5\"></span>ke in 2021<span class=\"_ _8\"></span>, no s<span class=\"_ _5\"></span>ing<span class=\"_ _5\"></span>le cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ted m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e than 10% in t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er of 2022. T<span class=\"_ _5\"></span>he Ab<span class=\"_ _5\"></span>u Qi<span class=\"_ _5\"></span>r Por<span class=\"_ _4\"></span>t E<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ion P<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t in Egy<span class=\"_ _5\"></span>pt (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 10% and 15<span class=\"_ _3\"></span>% in th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over l<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r and q<span class=\"_ _5\"></span>uali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as su<span class=\"_ _5\"></span>ch as a material c<span class=\"_ _3\"></span>lient<span class=\"ff70 ls3 ws3\"> in rela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n to th<span class=\"_ _5\"></span>e tot<span class=\"_ _5\"></span>al tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up. </span>How<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f the <span class=\"ff73 ls1d4 ws1fa\">occasional nat<span class=\"_ _3\"></span>ure and<span class=\"_ _8\"></span> spread of the<span class=\"_ _8\"></span> contracts<span class=\"_ _5\"></span><span class=\"ff70 ls3 ws3\">, non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he DEM<span class=\"_ _5\"></span>E\u2019s cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ill ev<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y quali<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s a </span></span>mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n rela<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on to t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.A<span class=\"_ _5\"></span>s a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">militar<span class=\"_ _5\"></span>y conflict between Russia and Ukraine</span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up re<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom p<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>for<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>n Rus<span class=\"_ _5\"></span>sia in 202<span class=\"_ _8\"></span>2 and currently has<span class=\"_ _8\"></span> no contrac<span class=\"_ _5\"></span>ts or contractual oblig<span class=\"_ _3\"></span>ations related t<span class=\"_ _3\"></span>o the performance of works in Ru<span class=\"_ _3\"></span>ssia.Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, 29% o<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed tu<span class=\"_ _5\"></span>rno<span class=\"_ _5\"></span>ver c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s <span class=\"ff73 ls1ba ws1df\">taxonomy-eligible turnover<span class=\"_ _2\"></span><span class=\"ff70 ls3 ws3\">. T<span class=\"_ _5\"></span>his p<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e is dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y </span></span>related to<span class=\"_ _3\"></span> DEME\u2019<span class=\"_ _8\"></span>s ac<span class=\"_ _5\"></span>tivities making a substantial c<span class=\"_ _3\"></span>ontribution to cli<span class=\"_ _3\"></span>mate cha<span class=\"_ _3\"></span>nge mitigation a<span class=\"_ _3\"></span>nd includes pro<span class=\"_ _3\"></span>ject<span class=\"_ _5\"></span>s for the construc<span class=\"_ _5\"></span>tion and installation<span class=\"_ _3\"></span> of foundations<span class=\"_ _3\"></span> and wind t<span class=\"_ _3\"></span>urbines and thei<span class=\"_ _3\"></span>r shore con<span class=\"_ _3\"></span>nections<span class=\"_ _5\"></span>, as wel<span class=\"_ _3\"></span>l as projects for railway t<span class=\"_ _3\"></span>unnel inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>. Fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>n, 26% of t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al DE<span class=\"_ _5\"></span>ME tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o <span class=\"ff73 ls159 ws16f\">aligned</span>.ORDERBOOKThe Group\u2019<span class=\"_ _3\"></span>s <span class=\"ff73 ls15d ws172\">orderbook</span><span class=\"ls3 ws3\"> is the co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>gnme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 but th<span class=\"_ _5\"></span>at is n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>s turn<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>r </span>be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e or<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok o<span class=\"_ _5\"></span>f joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, bu<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>t of a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok un<span class=\"_ _5\"></span>til t<span class=\"_ _5\"></span>he ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he cli<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s si<span class=\"_ _5\"></span>gne<span class=\"_ _5\"></span>d. A l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter o<span class=\"_ _5\"></span>f awa<span class=\"_ _5\"></span>rd is n<span class=\"_ _5\"></span>ot s<span class=\"_ _5\"></span>uf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>nt to i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>de the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up. A<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>ll be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in \u2018uncertain\u2019 countries before includi<span class=\"_ _3\"></span>ng them in<span class=\"_ _8\"></span> the orderbo<span class=\"_ _5\"></span>ok.Further on, experience shows that onc<span class=\"_ _3\"></span>e an ag<span class=\"_ _3\"></span>reement has been<span class=\"_ _3\"></span> reached, cancellations<span class=\"_ _3\"></span> or substantial reductions in the<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>cope or siz<span class=\"_ _8\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are q<span class=\"_ _5\"></span>uite r<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>e, bu<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey do o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y in ma<span class=\"_ _5\"></span>rke<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>hat a<span class=\"_ _5\"></span>re un<span class=\"_ _5\"></span>der s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>re pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>re.Orderbook b<span class=\"_ _3\"></span>y segment<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">3,260,909<span class=\"_ _92\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _26e\"> </span><span class=\"ls59 ws62\">2,61<span class=\"_ _8\"></span>5,7<span class=\"_ _8\"></span>13<span class=\"_ _86\"> </span><span class=\"ls19 ws16\">2,833,296</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _269\"> </span><span class=\"ls1c ws26\">31<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>378<span class=\"_ _39\"> </span><span class=\"ls59 ws62\">255,3<span class=\"_ _3\"></span>30</span></span>Concessions<span class=\"_ _26f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000<span class=\"_ _86\"> </span><span class=\"ls37 ws83\">5,9<span class=\"_ _5\"></span>05,<span class=\"_ _2\"></span>190</span></span>The o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok as p<span class=\"_ _5\"></span>er D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022, i<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ord s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g at 6<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 bill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, up 5% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t year (2021<span class=\"_ _8\"></span>: 5<span class=\"_ _5\"></span>.9 b<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>). Pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h a tot<span class=\"_ _5\"></span>al v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of 2.<span class=\"_ _5\"></span>2 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR we<span class=\"_ _5\"></span>re ac<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 2022 (202<span class=\"_ _8\"></span>1: 3.<span class=\"_ _8\"></span>1 bil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR). T<span class=\"_ _5\"></span>he or<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>rb<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k is re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ing con<span class=\"_ _5\"></span>tinu<span class=\"_ _5\"></span>ed h<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>thy d<span class=\"_ _5\"></span>eman<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>g mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>oni<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d size<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>ns mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n the O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>all ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok at y<span class=\"_ _5\"></span>ear-<span class=\"_ _5\"></span>end i<span class=\"_ _5\"></span>s 2.3 t<span class=\"_ _5\"></span>ime<span class=\"_ _5\"></span>s the 2<span class=\"_ _5\"></span>022 turno<span class=\"_ _5\"></span>ver. The inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to la<span class=\"_ _5\"></span>st y<span class=\"_ _5\"></span>ear i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly l<span class=\"_ _5\"></span>ed by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g dem<span class=\"_ _5\"></span>and in b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e Envi<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore En<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e lat<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of maj<span class=\"_ _5\"></span>or l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in S<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>th-<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>t A<span class=\"_ _5\"></span>sia (amon<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>s in T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd Aus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>ia), Uni<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d Stat<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d Euro<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>.Orderbook b<span class=\"_ _3\"></span>y geographical<span class=\"_ _8\"></span> market <span class=\"ff70 ls3 ws3\">(in tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Europ<span class=\"_ _5\"></span>e - EU<span class=\"_ _271\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span> <span class=\"_ _8b\"> </span><span class=\"ls34 ws3e\">2,866,266 </span></span>Europ<span class=\"_ _5\"></span>e - no<span class=\"_ _5\"></span>n EU<span class=\"_ _272\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,747 <span class=\"_ _1bf\"> </span><span class=\"ls56 ws5e\">814<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Afr<span class=\"_ _5\"></span>ica<span class=\"_ _273\"> </span><span class=\"ls58 ws61\">30<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>325 <span class=\"_ _1bf\"> </span><span class=\"ls34 ws3e\">41<span class=\"_ _2\"></span>4,346 </span></span>Asia &amp; Oceania<span class=\"_ _269\"> </span><span class=\"ls3 ws3\">752,385 <span class=\"_ _55\"> </span><span class=\"ls55 ws5d\">3<span class=\"_ _5\"></span>25<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span></span>Americ<span class=\"_ _5\"></span>a<span class=\"_ _19f\"> </span><span class=\"ls7c ws8a\">1<span class=\"_ _3\"></span>,692,695 <span class=\"_ _88\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54,87<span class=\"_ _3\"></span>2 </span></span>Indian subco<span class=\"_ _5\"></span>ntinen<span class=\"_ _5\"></span>t<span class=\"_ _270\"> </span><span class=\"lsb wsc\">6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,033 <span class=\"_ _4b\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> </span></span>Middle<span class=\"_ _3\"></span> East<span class=\"_ _26c\"> </span><span class=\"ls12 ws17\">4<span class=\"_ _5\"></span>,521<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">3,<span class=\"_ _5\"></span>942 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _270\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>90,<span class=\"_ _3\"></span>000 <span class=\"_ _32\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _8\"></span>190 </span></span>From a g<span class=\"_ _5\"></span>eo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aphi<span class=\"_ _5\"></span>cal p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e the Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>e and Af<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>how<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>cli<span class=\"_ _5\"></span>ne in 2022 com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o 2021<span class=\"_ _8\"></span>, la<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>ly o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t by s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g win<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e A<span class=\"_ _5\"></span>sia an<span class=\"_ _5\"></span>d Am<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ica r<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Euro<span class=\"_ _5\"></span>pe s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>han ha<span class=\"_ _5\"></span>lf o<span class=\"_ _5\"></span>f the o<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>erb<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok<span class=\"_ _5\"></span>. Orderbook 202<span class=\"_ _8\"></span>2 split in<span class=\"_ _8\"></span> t<span class=\"_ _5\"></span>ime<span class=\"ls3 ws3\"> </span>2023<span class=\"_ _74\"> </span><span class=\"lsa1 wsb0\">2024<span class=\"_ _111\"> </span><span class=\"ls63 ws6e\">2<span class=\"_ _5\"></span>025</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _17d\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _1e3\"> </span>1,6<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>2,426 <span class=\"_ _1de\"> </span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span> <span class=\"_ _93\"> </span><span class=\"ls88 ws96\">8<span class=\"_ _5\"></span>21,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls10c ws17f\">6,<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>90,000 </span></span>Orderbook 202<span class=\"_ _8\"></span>1 split<span class=\"_ _3\"></span> in time<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _74\"> </span><span class=\"lsa4 wsb3\">20<span class=\"_ _5\"></span>23<span class=\"_ _111\"> </span><span class=\"lsa1 wsb0\">2024</span></span>B<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>dT<span class=\"_ _0\"></span>o<span class=\"_ _5\"></span>tal(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal orderbook<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">2,021,<span class=\"_ _8\"></span>167 <span class=\"_ _1de\"> </span><span class=\"ls6b ws78\">1,4<span class=\"_ _5\"></span>56<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>0 <span class=\"_ _1e3\"> </span></span>1,079,065 <span class=\"_ _b1\"> </span>1,34<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,028 <span class=\"_ _14f\"> </span><span class=\"ls37 ws83\">5,905,<span class=\"_ _2\"></span>190 </span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>at 37<span class=\"_ _8\"></span>.3% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ord<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ok w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t ye<span class=\"_ _5\"></span>ar (2021<span class=\"_ _8\"></span>: 34<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>%). Actu<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n dep<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ds on s<span class=\"_ _5\"></span>ev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l factor<span class=\"_ _5\"></span>s, such as<span class=\"_ _3\"></span> weather circu<span class=\"_ _3\"></span>mstances, soil and technical<span class=\"_ _3\"></span> conditions, vessel availabil<span class=\"_ _3\"></span>ity and a lot of<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther factors<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>2 \u2013 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>ACT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETS <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>CONTR<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Contract assets <span class=\"ff70 ls3 ws3\">an<span class=\"_ _5\"></span>d </span>contract liabilities <span class=\"ff70 ls3 ws3\">rela<span class=\"_ _5\"></span>te in co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th IF<span class=\"_ _5\"></span>RS 15 </span>revenue from<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s with customers to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k in pro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up an<span class=\"_ _5\"></span>d se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s ren<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Work in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>ws t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue recognised on those contracts <span class=\"ls170 ws185\">less progress billings, advanc<span class=\"_ _3\"></span>e payments and<span class=\"_ _3\"></span> potential pro<span class=\"_ _3\"></span>visions for losses. <span class=\"ff73 ls3 ws3\">Adv<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d <span class=\"ff70\">ar<span class=\"_ _5\"></span>e </span></span></span>amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e the r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>orm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ou<span class=\"_ _5\"></span>t a dive<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, al<span class=\"_ _5\"></span>l wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng e.<span class=\"_ _5\"></span>g. na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>, ty<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t and p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns an<span class=\"_ _5\"></span>d geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>ginni<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by mi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>one p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls34 ws3e\">344,7<span class=\"_ _8\"></span>51<span class=\"_ _8\"></span> <span class=\"_ _18\"> </span><span class=\"ls3 ws3\">326<span class=\"_ _5\"></span>,685 </span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _26d\"> </span><span class=\"ls19 ws16\">-3<span class=\"_ _8\"></span>23,300 <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _2bb\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _26\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span> </span></span>Net balance<span class=\"_ _1a9\"> </span><span class=\"ls69 ws75\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8 <span class=\"_ _41\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>523 </span></span>Contract assets <span class=\"ff70 lsb1 wsbe\">are the Group\u2019s<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>ight to<span class=\"_ _3\"></span> consideration in<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _3\"></span> for goods or services that the entity has<span class=\"_ _3\"></span> transferred to a customer </span>when that right<span class=\"_ _8\"></span> is conditioned on something other tha<span class=\"_ _3\"></span>n the passage of time.<span class=\"_ _3\"></span> A contract asset arises when the Group performed work<span class=\"_ _5\"></span>s for a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e to dat<span class=\"_ _5\"></span>e but a<span class=\"_ _5\"></span>re n<span class=\"_ _5\"></span>ot ye<span class=\"_ _5\"></span>t invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>d or p<span class=\"_ _5\"></span>aid<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e reve<span class=\"_ _5\"></span>nue r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the rat<span class=\"_ _5\"></span>e at w<span class=\"_ _5\"></span>hich t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>lf<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>orr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er of c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>l of a go<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>d or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice to t<span class=\"_ _5\"></span>he customers<span class=\"_ _5\"></span>. When the<span class=\"_ _3\"></span>re is no<span class=\"_ _8\"></span> tr<span class=\"_ _5\"></span>ansfer of control throug<span class=\"_ _3\"></span>hout the contract, revenue is<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>till recognised <span class=\"ls194 ws1ac\">over time<span class=\"ls3 ws3\">, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n the f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>hat </span></span>the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d has n<span class=\"_ _5\"></span>o alt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ive u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s an en<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>ceab<span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ance comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to dat<span class=\"_ _5\"></span>e. Co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s tur<span class=\"_ _5\"></span>n in<span class=\"_ _5\"></span>to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he cl<span class=\"_ _5\"></span>ien<span class=\"_ _5\"></span>t.Contract liabilities <span class=\"ff70 ls3 ws3\">are th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s obl<span class=\"_ _5\"></span>igat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n to tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s or s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s to a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r fo<span class=\"_ _5\"></span>r whi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y ha<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved </span>consideration from the<span class=\"_ _3\"></span> customer<span class=\"_ _8\"></span>. A contract liabil<span class=\"_ _3\"></span>ity arises when the Group has<span class=\"_ _8\"></span> invoiced the customer or<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>ceived payment<span class=\"_ _3\"></span> from them whi<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k wa<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t don<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>oice<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d/or paym<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s e<span class=\"_ _5\"></span>xcee<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed to d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>. Pro<span class=\"_ _5\"></span>vis<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed for e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es on w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k in pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s as s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>hey a<span class=\"_ _5\"></span>re fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>en an<span class=\"_ _5\"></span>d if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y, any pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it al<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>dy r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d is r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e are a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 24.<span class=\"_ _5\"></span>8 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed to 8<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>.The d<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t (or lo<span class=\"_ _5\"></span>ss) is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ues o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>or pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le project<span class=\"_ _5\"></span>s only<span class=\"_ _8\"></span>, in propor<span class=\"_ _5\"></span>tion to<span class=\"_ _3\"></span> the stage of completion. These estimates and<span class=\"_ _3\"></span> judgments may<span class=\"_ _3\"></span> contain some unc<span class=\"_ _3\"></span>ert<span class=\"_ _5\"></span>ainties.2022 CON<span class=\"_ _5\"></span>TR<span class=\"_ _5\"></span>AC<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CON<span class=\"_ _5\"></span>TR<span class=\"_ _4\"></span>ACT LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES BY S<span class=\"_ _5\"></span>EG<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>NT(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1da\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _233\"> </span>34,38<span class=\"_ _3\"></span>7<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _20\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>61</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _18a\"> </span>23<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>379<span class=\"_ _86\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>97</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _19c\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _23\"> </span>20<span class=\"_ _5\"></span>,761<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"lsd9 wse4\">39<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _257\"> </span>32<span class=\"_ _5\"></span>6,6<span class=\"_ _5\"></span>85<span class=\"_ _31\"> </span>18,<span class=\"_ _3\"></span>066<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,751</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-51<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>5<span class=\"_ _c0\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>31,7<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2bc\"> </span>-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _2b\"> </span>41<span class=\"_ _4\"></span>,12<span class=\"_ _4\"></span>6<span class=\"_ _291\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>83<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>67</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-5,327<span class=\"_ _26\"> </span>-2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>5<span class=\"_ _81\"> </span>-<span class=\"_ _2\"></span>142,205<span class=\"_ _c1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _e0\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>30<span class=\"_ _4\"></span>0</span></span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1b3\"> </span>-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _233\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>392<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">-53,098</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _2be\"> </span>-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _38\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>6<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls1e ws28\">-18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _87\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>13<span class=\"_ _48\"> </span>640<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _43\"> </span><span class=\"ls75 ws82\">-<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span>-<span class=\"_ _8\"></span>101,0<span class=\"_ _5\"></span>67<span class=\"_ _31\"> </span>28,528<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls1a3 ws153\">-7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9</span></span>2022<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _2be\"> </span>-<span class=\"_ _4\"></span>62<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>391<span class=\"_ _2d\"> </span><span class=\"ls1e ws28\">-11<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _84\"> </span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1c9\"> </span>94,<span class=\"_ _5\"></span>222<span class=\"_ _55\"> </span>5,54<span class=\"_ _5\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _4\"></span>9,7<span class=\"_ _5\"></span>62</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1c6\"> </span>12,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _3d\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">31,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>8</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523<span class=\"_ _88\"> </span>-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>611<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls69 ws75\">-51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>\u2018B<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>-r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>\u2019 r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>e to cum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e cat<span class=\"_ _5\"></span>ch up a<span class=\"_ _5\"></span>djus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m a cha<span class=\"_ _5\"></span>nge i<span class=\"_ _5\"></span>n the m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, a chan<span class=\"_ _5\"></span>ge in an<span class=\"_ _3\"></span> estimate of the transaction price (i<span class=\"_ _3\"></span>ncluding a<span class=\"_ _3\"></span>ny cha<span class=\"_ _3\"></span>nges in the<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sessment of whether an estimate of<span class=\"_ _3\"></span> variable consideration<span class=\"_ _3\"></span> is constrained) or a c<span class=\"_ _3\"></span>ontract modif<span class=\"_ _5\"></span>ication.The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s as o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022, is mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e US of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are n<span class=\"_ _5\"></span>ot y<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y operational at the<span class=\"_ _8\"></span> end of 202<span class=\"_ _8\"></span>2, but for which a<span class=\"_ _3\"></span> consideration was a<span class=\"_ _3\"></span>lready received.Due t<span class=\"_ _5\"></span>o the h<span class=\"_ _5\"></span>igh n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of i<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (wi<span class=\"_ _5\"></span>th a<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t asp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g nat<span class=\"_ _5\"></span>ure, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt conditions)<span class=\"_ _8\"></span> a more detailed description of changes in<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>t asset<span class=\"_ _5\"></span>s and contract lia<span class=\"_ _3\"></span>bilities compared to<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>ior year<span class=\"_ _8\"></span> is not deemed relevant.Ar<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d 55% of the p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>manc<span class=\"_ _5\"></span>e obl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, me<span class=\"_ _5\"></span>anin<span class=\"_ _5\"></span>g the t<span class=\"_ _5\"></span>urn<span class=\"_ _5\"></span>over t<span class=\"_ _5\"></span>o be e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e up<span class=\"_ _5\"></span>comi<span class=\"_ _5\"></span>ng ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt ongoing construction contract<span class=\"_ _5\"></span>s for which c<span class=\"_ _3\"></span>ontract asse<span class=\"_ _5\"></span>ts and contract liabil<span class=\"_ _3\"></span>ities are booked, is<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xpec<span class=\"_ _5\"></span>ted to be<span class=\"_ _3\"></span> fulfilled by the Group<span class=\"_ _3\"></span> ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by 20<span class=\"_ _5\"></span>% in 2024, 1<span class=\"_ _8\"></span>5% in 2025 and 10% b<span class=\"_ _5\"></span>eyon<span class=\"_ _5\"></span>d. T<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2022 are e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o fol<span class=\"_ _5\"></span>low a s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar tim<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or r<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f.2021 CONTR<span class=\"_ _4\"></span>ACT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS A<span class=\"_ _5\"></span>ND CO<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ACT L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S BY SEG<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ds o<span class=\"_ _5\"></span>f EUR / (-) is cre<span class=\"_ _5\"></span>dit )2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contract assetsOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _18a\"> </span>10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>331<span class=\"_ _92\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4</span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _29a\"> </span>13<span class=\"_ _3\"></span>5,31<span class=\"_ _8\"></span>0<span class=\"_ _2e\"> </span>10<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span><span class=\"ls1c ws26\">2<span class=\"_ _5\"></span>39<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _2bf\"> </span><span class=\"ls7e ws8c\">8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _23\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _23\"> </span></span></span>1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2</span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _66\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>7<span class=\"_ _33\"> </span>74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d\"> </span><span class=\"ls84 ws92\">326,6<span class=\"_ _5\"></span>85</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Contrac<span class=\"_ _5\"></span>t liabilitiesOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _17\"> </span>-7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _88\"> </span>-43,296<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _83\"> </span><span class=\"lsc wsd\">-<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>75</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _1a3\"> </span>-<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4,269<span class=\"_ _33\"> </span>19,<span class=\"_ _5\"></span>576<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _65\"> </span><span class=\"ls1e ws28\">-12<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _254\"> </span>-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51<span class=\"_ _4b\"> </span>-<span class=\"_ _5\"></span>576<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _26\"> </span><span class=\"ls59 ws62\">-5,32<span class=\"_ _3\"></span>7</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2bd\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _32\"> </span><span class=\"ls34 ws3e\">-24,296<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span></span></span>-1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>5</span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ff72 fs5 ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Advances<span class=\"_ _8\"></span> receivedOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _1d0\"> </span>-<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _88\"> </span>-4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>279<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>41<span class=\"_ _38\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>477<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _1be\"> </span>-<span class=\"_ _4\"></span>430<span class=\"_ _43\"> </span>-6<span class=\"_ _5\"></span>83<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1bf\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>3</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c0\"> </span>-6<span class=\"_ _5\"></span>0,582<span class=\"_ _20\"> </span>-4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>485<span class=\"_ _12a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _81\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>101,067</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Business-related<span class=\"ls3 ws3\"> </span>Changes in Ba<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e at <span class=\"_ _2\"></span> Balance at January 1changes consolidation <span class=\"_ _7\"> </span>scopeDecember 3<span class=\"_ _3\"></span>1Net balanceOf<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>shore Energy<span class=\"_ _25d\"> </span>6<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _2d\"> </span>-12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _32\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>91</span></span>Dred<span class=\"_ _5\"></span>ging &amp; Infr<span class=\"_ _5\"></span>a<span class=\"_ _e5\"> </span>-3<span class=\"_ _8\"></span>5,9<span class=\"_ _5\"></span>00<span class=\"_ _32\"> </span>1<span class=\"_ _3\"></span>30,<span class=\"_ _2\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span><span class=\"ls57 ws60\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>222</span></span>Environm<span class=\"_ _5\"></span>ental<span class=\"_ _d7\"> </span>2<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span>9,76<span class=\"_ _5\"></span>7<span class=\"_ _218\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _3d\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>92</span></span>Concessions<span class=\"_ _3e\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _25f\"> </span>34,366<span class=\"_ _3d\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>7<span class=\"_ _10c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,523</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-4": {
   "value": "T<span class=\"_ _2\"></span>otal revenues<span class=\"ff61 ls3 ws3\"> in 20<span class=\"_ _3\"></span>22 incre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>30 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.  </span>T<span class=\"_ _2\"></span>ur<span class=\"_ _5\"></span>nove<span class=\"_ _5\"></span>r<span class=\"ff61 ls3 ws3\"> incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>r 6% comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d </span>to 2022, whe<span class=\"_ _5\"></span>reas <span class=\"ff6a ls33 ws3c\">o<span class=\"_ _5\"></span>ther operating income<span class=\"_ _8\"></span><span class=\"ff61 ls8c ws54\"> decreased </span></span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _8\"></span>4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng inc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f 2022 includ<span class=\"_ _5\"></span>es liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived as compensation for<span class=\"_ _3\"></span> the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tal co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he late deliver<span class=\"_ _5\"></span>y of ins<span class=\"_ _5\"></span>talla<span class=\"_ _5\"></span>tion ves<span class=\"_ _5\"></span>sel \u2018O<span class=\"_ _5\"></span>rion<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>fs<span class=\"_ _5\"></span>hore Energy segment)<span class=\"_ _3\"></span> for 1<span class=\"_ _8\"></span>9 mill<span class=\"_ _3\"></span>ion EUR, whereas<span class=\"_ _3\"></span> the ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e of 2021 includ<span class=\"_ _5\"></span>ed 1<span class=\"_ _3\"></span>5 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f liquidat<span class=\"_ _3\"></span>ed damages rec<span class=\"_ _3\"></span>eived relating<span class=\"_ _3\"></span> to cutter suction dre<span class=\"_ _5\"></span>dger \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>tac<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019 (Dr<span class=\"_ _5\"></span>edgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t). Other operating income<span class=\"ff70 ls3 ws3\"> in 2022 includ<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>elay da<span class=\"_ _5\"></span>mag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>8 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f the v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re </span>Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t) wh<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he 2021 fig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved d<span class=\"_ _5\"></span>elay d<span class=\"_ _5\"></span>amag<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the d<span class=\"_ _5\"></span>eli<span class=\"_ _5\"></span>ver<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018S<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>cus<span class=\"_ _5\"></span>\u2019 (D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt). B<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h del<span class=\"_ _5\"></span>ay dama<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s comp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s incu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>te de<span class=\"_ _5\"></span>liv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s.Ga<span class=\"_ _5\"></span>in o<span class=\"_ _5\"></span>n di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"ff70\"> in 2022 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>of<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le of a<span class=\"_ _5\"></span>ll th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>res i<span class=\"_ _5\"></span>n Fil<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s to ou<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r in th<span class=\"_ _5\"></span>e </span>comp<span class=\"_ _5\"></span>any. In 2021 the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e gain o<span class=\"_ _5\"></span>n the s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of 1<span class=\"_ _3\"></span>2.5% pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in M<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>kur O<span class=\"_ _5\"></span>f<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>re Gm<span class=\"_ _5\"></span>bh<span class=\"_ _5\"></span>, a Ge<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>n win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>m. Al<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e too<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in 2020<span class=\"_ _5\"></span>, an ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>ain o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>2.<span class=\"_ _8\"></span>1 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R wa<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 as th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of a f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>rab<span class=\"_ _5\"></span>le and final settlement of a<span class=\"_ _3\"></span> contingent consideration<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>eviously account<span class=\"_ _3\"></span>ed for<span class=\"_ _8\"></span>.In 2022 the <span class=\"ff73\">g<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, pl<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>pm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t </span>is ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le o<span class=\"_ _5\"></span>f the j<span class=\"_ _5\"></span>ack-up i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>llat<span class=\"_ _5\"></span>ion v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 (Of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ene<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>y se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt), t<span class=\"_ _5\"></span>hat w<span class=\"_ _5\"></span>as cl<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2021<span class=\"_ _8\"></span>. S<span class=\"_ _5\"></span>ale t<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k pla<span class=\"_ _5\"></span>ce in A<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>l 2022. Ot<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>ain was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of ol<span class=\"_ _5\"></span>d eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t (Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent)<span class=\"_ _5\"></span>. In 2021 the gai<span class=\"_ _5\"></span>n on s<span class=\"_ _5\"></span>ale o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t wa<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dr<span class=\"_ _5\"></span>illin<span class=\"_ _5\"></span>g pla<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>m \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>h\u2019)<span class=\"_ _5\"></span>.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G I<span class=\"_ _5\"></span>NCO<span class=\"_ _5\"></span>ME(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Gain o<span class=\"_ _5\"></span>n sa<span class=\"_ _5\"></span>le of p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _275\"> </span><span class=\"ls147 ws157\">7,7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _49\"> </span><span class=\"ls19 ws16\">3,983 </span></span>Gain o<span class=\"_ _5\"></span>n disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>xed as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _276\"> </span>9 <span class=\"_ _184\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span>Oth<span class=\"_ _5\"></span>er operating income<span class=\"_ _277\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>310<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls7f ws8d\">53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal other operating income<span class=\"_ _243\"> </span><span class=\"ls4c ws5f\">5<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>071 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTA ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>ith a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, h<span class=\"_ _5\"></span>as b<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d to <span class=\"ff73\">\u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.In 2021 the jac<span class=\"_ _5\"></span>k-up ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _4\"></span>Tho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32.5 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, wa<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o \u2018<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in 2022 (not<span class=\"_ _5\"></span>e (2)<span class=\"_ _8\"></span>).In 2021 the of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re <span class=\"ff73\">ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>Li Ya\u2019 (f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y \u2018G<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>h\u2019) a<span class=\"_ _5\"></span>nd \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>liu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 we<span class=\"_ _5\"></span>re s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>. </span>No ga<span class=\"_ _5\"></span>in on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e was r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e \u2018O<span class=\"_ _5\"></span>mali<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>\u2019. See note (<span class=\"_ _8\"></span>2) Other operating income.In Aug<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>t 2021<span class=\"_ _8\"></span>, a M<span class=\"_ _5\"></span>emo<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>dum o<span class=\"_ _5\"></span>f Agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the j<span class=\"_ _5\"></span>ack-up v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019, ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el be<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>old t<span class=\"_ _5\"></span>o a Du<span class=\"_ _5\"></span>tch t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>ye<span class=\"_ _5\"></span>r obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>y fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g fo<span class=\"_ _5\"></span>r the ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wa<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber, 202<span class=\"_ _8\"></span>1. On A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 21<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>ing ga<span class=\"_ _5\"></span>in on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al is i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inco<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>\u2019.NOTE 1<span class=\"_ _8\"></span>4 \u2013 A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S HE<span class=\"_ _5\"></span>LD FOR <span class=\"_ _5\"></span>SALEBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-5": {
   "value": "The operating result or EBIT increased with 12 million EUR but the EBIT margin remained the same, due to a higher number of vessel dockings and overhauls, inflation, consumables and commodity price increases. The depreciation expenses increased due to the new vessels \u2018Orion\u2019, \u2018Spartacus\u2019 and \u2018Groenewind\u2019. On the other hand, no significant impairments are recorded in 2022 while in 2021, 35 million EUR of impairments were included. Other operating expenses decreased with 20 million EUR and will be further explained in the notes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-6": {
   "value": "The operating result or EBIT increased with 12 million EUR but the EBIT margin remained the same, due to a higher number of vessel dockings and overhauls, inflation, consumables and commodity price increases. The depreciation expenses increased due to the new vessels \u2018Orion\u2019, \u2018Spartacus\u2019 and \u2018Groenewind\u2019. On the other hand, no significant impairments are recorded in 2022 while in 2021, 35 million EUR of impairments were included. Other operating expenses decreased with 20 million EUR and will be further explained in the notes.IMPAIRMENT TESTING OF GOODWILLIn accordance with IAS 36 impairment of assets, goodwill was tested for impairment at December 31, 2022 and 2021. In 2022 no impairment losses were recognised. In 2021 impairment losses of 0.3 million EUR were recognised in the Environmental segment. Within the DEME Group, goodwill is tested for impairment annually. The impairment tests are based on figures and insights of the third quarter of the annual reporting year. If there is an indication that the cash generating unit to which the goodwill is allocated could have suffered a loss of value, impairment testing is done more frequently than once a year. In 2022, there were no such indicators and no additional impairment tests have been prepared.Significant judgement by management is required to estimate the impact of macroeconomic and other factors on future cash flows, including those related to the COVID-19 pandemic, the war in Ukraine and climate related matters (more detailed in section \u2018risk and uncertainties\u2019 above). The Group believes the estimates and assumptions used in the impairment testing are reasonable and are comparable to those that would be used by competitors. Management does not foresee activities negatively being impacted by climate related business requirements, leading to an impairment loss, as the Group continues its strategy to promote the transition to clean energy worldwide to its customers.NOTE 5 \u2013 GOODWILL(in thousands of EUR)2022 2021Balance at January 1 13,028 13,339Acquisitions through business combinations - -Movements during the Disposals - -yearImpairment losses - -311Balance at December 31 13,028 13,028NOTE 6 \u2013 PROPERTY, PLANT AND EQUIPMENTThe depreciation cost of 2022 includes 0.4 million EUR impairment cost. The depreciation cost of 2021 includes 34.6 million EUR impairment cost of which 25.5 million EUR relates to the impairment of the cutter suction dredgers \u2018Al Mahaar\u2019 and \u2018Al Jarraf\u2019. This impairment is exceptional and resulting from a strategic rebalancing of our fleet upon the delivery of the cutter section dredger \u2018Spartacus\u2019.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-7": {
   "value": "The operating result or EBIT increased with 12 million EUR but the EBIT margin remained the same, due to a higher number of vessel dockings and overhauls, inflation, consumables and commodity price increases. The depreciation expenses increased due to the new vessels \u2018Orion\u2019, \u2018Spartacus\u2019 and \u2018Groenewind\u2019. On the other hand, no significant impairments are recorded in 2022 while in 2021, 35 million EUR of impairments were included. Other operating expenses decreased with 20 million EUR and will be further explained in the notes.Other operating expenses mainly include various taxes, import and stamp duties. The decrease in 2022 compared to 2021 is related to the deployment of several cutter and hopper suction dredgers in Egypt and their related other operating expenses incurred in 2021.For the movement in provisions (mainly warranty provisions) reference is made to note (23) Provisions. More information about the retirement benefit obligations can be found in note (21).The decrease of amounts written off for inventories and trade receivables is partially caused by the final write-off of a customer receivable and the related bad debt allowance. The allowance recognised as a cost in prior years is now reversed within amounts written off for trade receivables, whereas the write-off of the customer is booked as a service cost in the consolidated statement of income. The other movement in amounts written off for inventories and trade receivables is the reversal of the allowance for bad debtors that are no longer uncollectable.Loss on sale of property, plant and equipment is mainly related to the disposal of the old crane of the offshore installation vessel \u2018Sea Installer\u2019.OTHER OPERATING EXPENSES(in thousands of EUR)2022 2021Loss on disposal of financial fixed assets 17 -Loss on sale of property, plant and equipment 440 10Movement in amounts written off inventories and trade receivables -5,428  3,185 Movement in retirement benefit obligations 505  1,146Movement in provisions 4,389  13,013 Other operating expenses 26,607  29,591 Total other operating expenses 26,529  46,945 NOTE 2 \u2013 OTHER OPERATING INCOME AND EXPENSESBalance at December 31",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-127-2": {
   "value": "202<span class=\"_ _3\"></span>1 (dif<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>renc<span class=\"_ _5\"></span>e -<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>.3 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R). Th<span class=\"_ _5\"></span>is main<span class=\"_ _5\"></span>ly re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fro<span class=\"_ _5\"></span>m the d<span class=\"_ _5\"></span>eva<span class=\"_ _5\"></span>luat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the Eg<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>tian P<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d, le<span class=\"_ _5\"></span>adin<span class=\"_ _5\"></span>g to a negative re<span class=\"_ _3\"></span>measurement of<span class=\"_ _3\"></span> the cash and<span class=\"_ _3\"></span> outs<span class=\"_ _5\"></span>tanding rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e Abu Q<span class=\"_ _5\"></span>ir pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t in Egy<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>. Fur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>mor<span class=\"_ _5\"></span>e, inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 8 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, due t<span class=\"_ _5\"></span>o a high<span class=\"_ _5\"></span>er deb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n as a co<span class=\"_ _5\"></span>nse<span class=\"_ _5\"></span>que<span class=\"_ _5\"></span>nce o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>ssu<span class=\"_ _5\"></span>ance of ne<span class=\"_ _5\"></span>w ter<span class=\"_ _5\"></span>m loa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of 4<span class=\"_ _5\"></span>40 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR (ref<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)<span class=\"_ _3\"></span>) and le<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>es in 2022. Intere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he 'O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on' ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g wer<span class=\"_ _5\"></span>e not longer capitalised as from J<span class=\"_ _3\"></span>une, as a<span class=\"_ _3\"></span>ll activities to prepare the ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sel f<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s inten<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d use w<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>hen co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>d.The d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he <span class=\"ff6a ls34 ws3e\">f<span class=\"_ _5\"></span>inancial result </span>wi<span class=\"_ _5\"></span>th 1<span class=\"_ _3\"></span>9 milli<span class=\"_ _5\"></span>on EUR is main<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e real<span class=\"_ _5\"></span>ise<span class=\"_ _5\"></span>d/unreal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>slat<span class=\"_ _5\"></span>ion e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of -<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>1.<span class=\"_ _6\"></span>1 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022,in com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>on wi<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f 6 mill<span class=\"_ _5\"></span>ion EUR i<span class=\"_ _5\"></span>n JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-126-2": {
   "value": "The result before taxes is 6.9 million EUR lower than last year and the effective tax rate increased to 24.0% compared to 22.5% last year.CURRENT TAXES AND DEFERRED TAXES RECOGNISED IN COMPREHENSIVE INCOME(in thousands of EUR) 2022 2021Current tax expense 36,558 45,979Reclassification of deferred income taxes regarding prior financial years - -Adjustments in respect of current income tax of previous years 7,353 -1,281Total current tax expense / (income) 43,911 44,698Relating to origination and reversal of temporary differences -11,003 -11,570Movement of recognised tax losses carried forward -1,547 -2,049Total deferred tax expense / (income) -12,550 -13,619Current taxes and deferred taxes recognised in the income statement 31,361 31,079- Employee benefits 1,294 -259- Financial derivatives 15,122 1,826Current taxes and deferred taxes recognised in other elements of the comprehensive 16,416 1,567income (+ is liability)Current taxes and deferred taxes recognised in comprehensive income 47,777 32,646Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where the Group operates and generates taxable income.Current income tax relating to items recognised directly in other comprehensive income is recognised in OCI and not in the statement of income.Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.The operational activities of the Group are subject to various tax regimes with tax rates ranging from 0% to 41.5%.NOTE 10 \u2013 CURRENT TAXES AND DEFERRED TAXESBalance at December 31RECONCILIATION OF THE EFFECTIVE TAX RATEBelow a reconciliation between the effective tax rate and the tax rate applicable in Belgium is made.(in thousands of EUR) 2022 2021Result before taxes 130,925 137,869Tax expense at nominal tax rate in Belgium which is 25% in 2022 and 2021 32,731 34,467Increase (decrease) in tax rate resulting from:Tax effect of non-deductible expenses 2,916 2,0391Tax effect of non-taxable revenue () -3,711 -9,525Tax credits and impact of notional interest - -Effects of different tax rates applicable to subsidiaries operating in other jurisdictions or -4,134 -7,8232income taxable under special tax regimes such as tonnage tax ()Tax impact of (de)recognition of provisions for uncertain tax positions -6,648 -10,429Tax impact of adjustments to current and deferred tax relating to previous periods 7,353 -1,2813Tax impact on losses for which no deferred tax assets were recognised () 2,854 23,631Tax expense 31,361 31,079Effective tax rate for the period 23.95% 22.54%(1)\u2002\ue603The\ue603main\ue603components\ue603of\ue603the\ue603tax\ue603effect\ue603on\ue603non-taxable\ue603revenue\ue603are\ue603tax-deductible\ue603losses\ue603on\ue603capital\ue603in\ue6032022\ue603and\ue603tax-deductible\ue603losses\ue603on\ue603receivables\ue603and\ue603random\ue603depreciations in 2021.(2)\u2002\ue603The\ue603effective\ue603tax\ue603rate\ue603(2022:\ue60323.95%)\ue603is\ue603lower\ue603than\ue603the\ue603nominal\ue603tax\ue603rate\ue603in\ue603Belgium\ue603(25%),\ue603because\ue603in\ue603several\ue603countries\ue603where\ue603we\ue603operated\ue603in\ue6032022\ue603the\ue603nominal\ue603tax\ue603rate is relatively low and because of the application of tonnage tax. The same applied for 2021 (effective tax rate of 22.54%).(3)\u2002\ue603The\ue603difference\ue603between\ue6032022\ue603and\ue6032021\ue603is\ue603caused\ue603by\ue603on\ue603the\ue603one\ue603hand\ue603the\ue603reassessment\ue603of\ue603recognised\ue603deferred\ue603tax\ue603assets\ue603relating\ue603to\ue603tax\ue603losses\ue603carried\ue603forward\ue603in 2021 (increasing the effective tax rate) and on the other hand the usage of unrecognised tax losses in 2022 (for a corresponding tax effect of 6.4 million EUR), decreasing the effective tax rate.CURRENT INCOME TAX RECEIVABLES AND PAYABLESBalance at December 31(in thousands of EUR) 2022 2021Current income tax receivables (+ is debet) 21,593 32,303Current income tax payables (+ is credit) 66,571 76,370Current income tax receivables are included in trade and other operating receivables in the consolidated statement of financial position.INCOME TAX LOSSES CARRIED FORWARDIn 2022, income tax losses carried forward of subsidiaries amount to 460 million EUR. For 200 million EUR of these tax losses, deferred tax assets have been recognised. The table below provides a breakdown by maturity of the recognised tax losses of subsidiaries and the amounts (share of the Group) related to joint ventures and associates. For an amount of 260 million EUR of tax losses of subsidiaries, no deferred tax assets is recognised. In 2021, income tax losses carried forward of subsidiaries for which no deferred tax assets are recognised amount to 241 million EUR.(in thousands of EUR) 2022Expiration date within 1 year -Expiration date after 1 year but not later than 5 years 32,613Expiration date after 5 years and tax losses without an expiration date 167,257Total recognised tax losses from subsidiaries 199,870Recognised tax losses from joint ventures and associates (share of the Group) 190Total recognised tax losses 200,060Unrecognised tax losses from subsidiaries 260,291Unrecognised tax losses from joint ventures and associates (share of the Group) 39,196Total unrecognised tax losses 299,487Total tax losses 499,547",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-134-3": {
   "value": "The in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in <span class=\"ff6a ls31 ws3a\">investments<span class=\"_ _3\"></span> in joi<span class=\"_ _3\"></span>nt v<span class=\"_ _3\"></span>entures<span class=\"_ _3\"></span> and<span class=\"ff61 ls3 ws3\"> </span></span>associates<span class=\"_ _8\"></span><span class=\"ff61 ls3 ws3\"> i<span class=\"_ _5\"></span>s, n<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s, m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o </span>the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>ompr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve inc<span class=\"_ _5\"></span>ome (<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>caus<span class=\"_ _5\"></span>e of the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>st-rate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es).Be<span class=\"_ _5\"></span>cau<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e reas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, we al<span class=\"_ _5\"></span>so o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in <span class=\"ff6a ls34 ws3e\">non-<span class=\"_ _5\"></span>current and current fina<span class=\"_ _5\"></span>ncial </span>derivatives<span class=\"ff61 ls3 ws3\"> due to the p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ive ev<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e </span>fair v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in 2022.So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms o<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>nd the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e ho<span class=\"_ _5\"></span>ld in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (IR<span class=\"_ _5\"></span>S)<span class=\"_ _5\"></span>. Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, the <span class=\"ff73 ls15d ws172\">other comprehensiv<span class=\"_ _8\"></span>e income (<span class=\"_ _8\"></span>OCI)<span class=\"ff70 ls3 ws3\"> of the cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d </span></span>incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es a p<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 28<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to a n<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f -22.2 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2021 (<span class=\"_ _8\"></span>+50.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EUR mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear). T<span class=\"_ _5\"></span>his r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEM<span class=\"_ _5\"></span>E\u2019s shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux SA<span class=\"_ _5\"></span>, BA<span class=\"_ _4\"></span>AK B<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>kenbu<span class=\"_ _5\"></span>rg-Verb<span class=\"_ _5\"></span>indi<span class=\"_ _5\"></span>ng BV an<span class=\"_ _5\"></span>d Po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a No<span class=\"_ _5\"></span>uve<span class=\"_ _5\"></span>lle S<span class=\"_ _5\"></span>EMO<span class=\"_ _5\"></span>P<span class=\"_ _8\"></span>, ne<span class=\"_ _5\"></span>t of de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A mi<span class=\"_ _5\"></span>nor a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of -<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>02 milli<span class=\"_ _5\"></span>on EUR re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>es to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ing to d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e (DEME s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e) is in<span class=\"_ _5\"></span>dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce sh<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e net a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tee f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. The m<span class=\"_ _5\"></span>ajor p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar of t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>e of jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ 50.<span class=\"_ _5\"></span>5 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R) is r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the g<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in mark<span class=\"_ _8\"></span>et interest ra<span class=\"_ _3\"></span>tes c<span class=\"_ _3\"></span>ompared<span class=\"_ _8\"></span> to the h<span class=\"_ _3\"></span>edged i<span class=\"_ _3\"></span>nterest<span class=\"_ _3\"></span> rates.NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESNOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES S<span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>IT BY O<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>NThe c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s spl<span class=\"_ _5\"></span>it by t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ir or<span class=\"_ _5\"></span>igin i<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low.De<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>s (bo<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s) rel<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"ff70\"> ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y. Thes<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o </span>bo<span class=\"_ _5\"></span>th te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>y c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e DEME g<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n policy and impairment<span class=\"_ _3\"></span> corrections on fixed asset<span class=\"_ _5\"></span>s.Deferred taxes<span class=\"_ _3\"></span> regarding emplo<span class=\"_ _8\"></span>yee benefit<span class=\"_ _5\"></span>s<span class=\"ff70 ls3 ws3\"> (<span class=\"_ _3\"></span>onl<span class=\"_ _5\"></span>y de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s) are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>oked f<span class=\"_ _5\"></span>or em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts </span>acco<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its<span class=\"_ _5\"></span>.The colum<span class=\"_ _3\"></span>n <span class=\"ff73 ls15d ws172\">rev<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>sal statutory provision<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>or re<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>r and m<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>enan<span class=\"_ _5\"></span>ce </span></span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t allo<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IFR<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes o<span class=\"_ _5\"></span>n <span class=\"ff73 ls116 ws9d\">other timing differences</span><span class=\"lsb1 wsbe\"> mainly relat<span class=\"_ _3\"></span>e to c<span class=\"_ _3\"></span>onsolidation adjustments on runni<span class=\"_ _3\"></span>ng projects<span class=\"_ _5\"></span>.</span>Management periodically e<span class=\"_ _3\"></span>valuates positions tak<span class=\"_ _3\"></span>en in<span class=\"_ _3\"></span> the tax returns with respect to situ<span class=\"_ _3\"></span>ations in whi<span class=\"_ _3\"></span>ch applicable<span class=\"_ _3\"></span> tax regulations are subject to<span class=\"_ _8\"></span> interpretation and establishes provisions<span class=\"_ _3\"></span> where appropriate.<span class=\"_ _8\"></span> Thes<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> for uncertain tax<span class=\"_ _3\"></span> positions (<span class=\"_ _8\"></span>UTP)<span class=\"ff70 ls3 ws3\"> are </span></span>bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. In thi<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>, man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s UT<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>\u2019s indi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual<span class=\"_ _5\"></span>ly, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n an ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h whi<span class=\"_ _5\"></span>ch pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. For 2022 (and 2021<span class=\"_ _2\"></span>) e<span class=\"_ _5\"></span>ach U<span class=\"_ _5\"></span>TP ha<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng the most lik<span class=\"_ _3\"></span>ely single a<span class=\"_ _3\"></span>mount. Currently<span class=\"_ _8\"></span>, the major<span class=\"_ _3\"></span> UTP\u2019s relate t<span class=\"_ _3\"></span>o ongoing tax l<span class=\"_ _3\"></span>itigations in<span class=\"_ _3\"></span> the Phili<span class=\"_ _3\"></span>ppines, India, and N<span class=\"_ _3\"></span>igeria.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or al<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>y fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd of u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed <span class=\"ff73 ls1df ws15f\">tax credits</span> and any unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d tax losses<span class=\"ff70 ls3 ws3\">. Def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the </span>ded<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly. For a b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>kdow<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he (un)re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n this note.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>gar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g <span class=\"ff73 ls116 ws9d\">financial derivatives</span><span class=\"lsb1 wsbe\"> only conc<span class=\"_ _3\"></span>ern fully consolidated<span class=\"_ _3\"></span> companies, see also the section </span>regarding<span class=\"_ _3\"></span> other compre<span class=\"_ _3\"></span>hensive inc<span class=\"_ _3\"></span>ome.2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovision differences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _168\"> </span>-<span class=\"_ _27d\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1dc\"> </span>29,627<span class=\"_ _28d\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14b\"> </span><span class=\"ls79 ws87\">-26<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _1bf\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _289\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span>0<span class=\"_ _ac\"> </span><span class=\"ls7e ws8c\">-7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span><span class=\"ls7a ws88\">-5,5<span class=\"_ _5\"></span>49<span class=\"_ _ad\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _a9\"> </span></span></span>-<span class=\"_ _1f7\"> </span><span class=\"ff72 ls5b ws64\">-<span class=\"_ _8\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>3</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _168\"> </span></span>-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls7f ws8d\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _202\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _120\"> </span><span class=\"ls16 ws1d\">34,242<span class=\"_ _164\"> </span></span>-<span class=\"_ _1f9\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>15<span class=\"_ _73\"> </span>464<span class=\"_ _143\"> </span>24,078<span class=\"_ _14c\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_\"> </span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _28d\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _165\"> </span>26,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _1f9\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,2<span class=\"_ _5\"></span>93<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>3<span class=\"_ _1e5\"> </span><span class=\"ls1a4 ws1cb\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _14c\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-26,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _41\"> </span>-3<span class=\"_ _5\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _159\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _ad\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _1df\"> </span><span class=\"ls7a ws88\">-45<span class=\"_ _5\"></span>0<span class=\"_ _1ef\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ad\"> </span><span class=\"ff72 ls6b ws78\">-<span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>593</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _149\"> </span>-1,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls7e ws8c\">-15<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>2<span class=\"_ _1e7\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _157\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _8\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _111\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _168\"> </span></span>-<span class=\"_ _28a\"> </span><span class=\"ff72 ls79 ws87\">-20</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e0\"> </span><span class=\"ls59 ws62\">2,30<span class=\"_ _5\"></span>6<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f7\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _168\"> </span></span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span>22,495<span class=\"_ _289\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _ae\"> </span>364<span class=\"_ _1f2\"> </span>50,320<span class=\"_ _1e0\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _157\"> </span></span>38<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>6<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ls10 ws14\">1<span class=\"_ _2\"></span>24,388</span></span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovisiondifferences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>676<span class=\"_ _169\"> </span>-<span class=\"_ _15c\"> </span>364<span class=\"_ _ae\"> </span>570<span class=\"_ _1f9\"> </span><span class=\"ls5a ws63\">3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span></span>6,<span class=\"_ _5\"></span>676<span class=\"_ _157\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _29\"> </span>-<span class=\"_ _5\"></span>6,460<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>9<span class=\"_ _b0\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _1e0\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _2b0\"> </span><span class=\"ls3f ws67\">2,<span class=\"_ _5\"></span>073<span class=\"_ _168\"> </span></span></span></span></span>-<span class=\"_ _234\"> </span><span class=\"ff72 ls5c ws65\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls1c ws26\">377<span class=\"_ _168\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ff72 ls4c ws5f\">37<span class=\"_ _5\"></span>7</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span><span class=\"lsd9 wse4\">54<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>216<span class=\"_ _168\"> </span></span>-<span class=\"_ _af\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span>29,628<span class=\"_ _b0\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _280\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _1f9\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _2b1\"> </span><span class=\"lsd wsf\">3,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _1ed\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23<span class=\"_ _1f9\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>31<span class=\"_ _1f9\"> </span></span></span></span></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _2b2\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>418</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _43\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _1dd\"> </span>375<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>2,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>49<span class=\"_ _ac\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _b0\"> </span>6<span class=\"_ _4\"></span>,70<span class=\"_ _5\"></span>7<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ff72 lsf ws13\">8,<span class=\"_ _5\"></span>820</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _ae\"> </span>259<span class=\"_ _149\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _a9\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _f2\"> </span>26,<span class=\"_ _2\"></span>180<span class=\"_ _1ed\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>293<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>72<span class=\"_ _289\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _1ef\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>134<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9</span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndCRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.SUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-133-3": {
   "value": "Inv<span class=\"_ _3\"></span>entories, co<span class=\"_ _3\"></span>ntract assets and<span class=\"_ _3\"></span> trade and<span class=\"_ _8\"></span> other operating rec<span class=\"_ _3\"></span>eivables<span class=\"ff61 ls8c ws54\"> i<span class=\"_ _3\"></span>ncreased<span class=\"_ _8\"></span> with respectively </span>1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>5, 18.<span class=\"_ _2\"></span>1 and 85<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in tr<span class=\"_ _5\"></span>ade and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut ma<span class=\"_ _5\"></span>inly d<span class=\"_ _5\"></span>ue to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of major projects and the ti<span class=\"_ _3\"></span>ming of i<span class=\"_ _3\"></span>nvoici<span class=\"_ _3\"></span>ng as contract as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s up<span class=\"_ _5\"></span>on acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ance by the c<span class=\"_ _5\"></span>lien<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an inc<span class=\"_ _5\"></span>reas<span class=\"_ _5\"></span>e in ov<span class=\"_ _5\"></span>erdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The decrease <span class=\"ff73 ls1d4 ws1fa\">of<span class=\"_ _8\"></span> amounts written off for in<span class=\"_ _3\"></span>ventories<span class=\"_ _8\"></span> and trade rec<span class=\"_ _3\"></span>eivables <span class=\"ff70 ls3 ws3\">is par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l wr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er </span></span>re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bad d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ow re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n of<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>or tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r is b<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e allo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce f<span class=\"_ _5\"></span>or ba<span class=\"_ _5\"></span>d debtors that a<span class=\"_ _3\"></span>re no longe<span class=\"_ _3\"></span>r uncol<span class=\"_ _3\"></span>lectable.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 1<span class=\"_ _2\"></span>1 \u2013 I<span class=\"_ _5\"></span>NV<span class=\"_ _5\"></span>ENTORI<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Raw materials<span class=\"_ _2b9\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls7b ws89\">2<span class=\"_ _5\"></span>,683 </span></span>Consumables<span class=\"_ _283\"> </span><span class=\"ls89 ws97\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _229\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>485 </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal inventories<span class=\"_ _267\"> </span><span class=\"lsf ws13\">25,696 <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> </span></span>Mov<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ye<span class=\"_ _5\"></span>ar re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed in s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e<span class=\"_ _19c\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _2ba\"> </span><span class=\"ls6e ws7b\">1,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span> </span></span>Inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>n be s<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>t int<span class=\"_ _5\"></span>o \u2018R<span class=\"_ _5\"></span>aw ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018C<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019<span class=\"_ _3\"></span>. <span class=\"ff73\">Raw m<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>ls </span>ar<span class=\"_ _5\"></span>e mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o bal<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>t &amp; dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ged m<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>l and sa<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>e ag<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>gate b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ss w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gm<span class=\"_ _5\"></span>ent \u201c<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g &amp; Inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>\u201d. <span class=\"ff73 ls116 ws9d\">Consumables<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">main<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t out o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>, au<span class=\"_ _5\"></span>xili<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y </span></span>materials and spare par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s.The m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r of co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>umab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3<span class=\"_ _5\"></span>.4 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR) is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of r<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>uel<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>el us<span class=\"_ _5\"></span>age u<span class=\"_ _5\"></span>p till c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date<span class=\"_ _5\"></span>. Al<span class=\"_ _5\"></span>so t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>up o<span class=\"_ _5\"></span>f so<span class=\"_ _5\"></span>me ma<span class=\"_ _5\"></span>jor p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>epa<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>lain t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>.No inve<span class=\"_ _3\"></span>ntories are pledged as<span class=\"_ _3\"></span> securit<span class=\"_ _5\"></span>y for li<span class=\"_ _3\"></span>abilities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-133-4": {
   "value": "Inv<span class=\"_ _3\"></span>entories, co<span class=\"_ _3\"></span>ntract assets and<span class=\"_ _3\"></span> trade and<span class=\"_ _8\"></span> other operating rec<span class=\"_ _3\"></span>eivables<span class=\"ff61 ls8c ws54\"> i<span class=\"_ _3\"></span>ncreased<span class=\"_ _8\"></span> with respectively </span>1<span class=\"_ _8\"></span>3.<span class=\"_ _5\"></span>5, 18.<span class=\"_ _2\"></span>1 and 85<span class=\"_ _5\"></span>.5 mi<span class=\"_ _5\"></span>llion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in tr<span class=\"_ _5\"></span>ade and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s is p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut ma<span class=\"_ _5\"></span>inly d<span class=\"_ _5\"></span>ue to th<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of major projects and the ti<span class=\"_ _3\"></span>ming of i<span class=\"_ _3\"></span>nvoici<span class=\"_ _3\"></span>ng as contract as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iva<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s up<span class=\"_ _5\"></span>on acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ance by the c<span class=\"_ _5\"></span>lien<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>crea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an inc<span class=\"_ _5\"></span>reas<span class=\"_ _5\"></span>e in ov<span class=\"_ _5\"></span>erdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The decrease <span class=\"ff73 ls1d4 ws1fa\">of<span class=\"_ _8\"></span> amounts written off for in<span class=\"_ _3\"></span>ventories<span class=\"_ _8\"></span> and trade rec<span class=\"_ _3\"></span>eivables <span class=\"ff70 ls3 ws3\">is par<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>l wr<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of a c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er </span></span>re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d bad d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t all<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>. The a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s a co<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>ior y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>s is n<span class=\"_ _5\"></span>ow re<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>n of<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>or tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>s the w<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>of<span class=\"_ _4\"></span>f of t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r is b<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d as a s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent of in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f fo<span class=\"_ _5\"></span>r inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e allo<span class=\"_ _5\"></span>wan<span class=\"_ _5\"></span>ce f<span class=\"_ _5\"></span>or ba<span class=\"_ _5\"></span>d debtors that a<span class=\"_ _3\"></span>re no longe<span class=\"_ _3\"></span>r uncol<span class=\"_ _3\"></span>lectable.OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1No<span class=\"_ _5\"></span>te (26) Relate<span class=\"_ _5\"></span>d p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e sum<span class=\"_ _5\"></span>mar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es all r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Other operating rec<span class=\"_ _8\"></span>eivables <span class=\"ff70 ls3 ws3\">mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s due f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tn<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s and </span>per<span class=\"_ _5\"></span>sonnel ad<span class=\"_ _5\"></span>vances<span class=\"_ _5\"></span>.Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>0) f<span class=\"_ _5\"></span>or <span class=\"ff73 ls15d ws172\">current income<span class=\"_ _8\"></span> ta<span class=\"_ _5\"></span>x rec<span class=\"_ _3\"></span>eivables.</span>The a<span class=\"_ _5\"></span>gei<span class=\"_ _5\"></span>ng b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n not<span class=\"_ _5\"></span>e (1<span class=\"_ _8\"></span>9). The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>ut a <span class=\"ff73\">d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, </span>a<span class=\"_ _5\"></span>ll wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>egar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g e.g<span class=\"_ _5\"></span>. na<span class=\"_ _5\"></span>ture a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>nd geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. A la<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh pub<span class=\"_ _5\"></span>lic o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>mi-<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor cu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he leve<span class=\"_ _5\"></span>l of c<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k is al<span class=\"_ _5\"></span>so li<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>rge n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ced<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s to mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h to lim<span class=\"_ _5\"></span>it t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>dual r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed u<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th hi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l and c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>ak<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nto a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt ma<span class=\"_ _5\"></span>cro<span class=\"_ _5\"></span>-eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic de<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y ri<span class=\"_ _5\"></span>sk fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p rem<span class=\"_ _5\"></span>ain in<span class=\"_ _5\"></span>sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables gross amou<span class=\"_ _3\"></span>nt<span class=\"_ _1ae\"> </span><span class=\"ls75 ws82\">4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>476<span class=\"_ _5\"></span> <span class=\"_ _39\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> </span></span>Amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten of<span class=\"_ _4\"></span>f<span class=\"_ _2a8\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _27\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>nt<span class=\"_ _25\"> </span><span class=\"ls5a ws63\">4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _1bf\"> </span></span>295,752 Corporat<span class=\"_ _5\"></span>ion taxes<span class=\"_ _272\"> </span><span class=\"ls78 ws86\">21,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93 <span class=\"_ _4b\"> </span><span class=\"ls58 ws61\">32,3<span class=\"_ _5\"></span>02 </span></span>Value ad<span class=\"_ _5\"></span>ded t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x (VA<span class=\"_ _8\"></span>T)<span class=\"_ _2c1\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _5e\"> </span><span class=\"ls55 ws5d\">41,<span class=\"_ _5\"></span>35<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> </span></span>Other operating receivables<span class=\"_ _1b6\"> </span><span class=\"ls7b ws89\">8,<span class=\"_ _5\"></span>836 <span class=\"_ _5e\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span> </span></span>T<span class=\"_ _2\"></span>otal trade and<span class=\"_ _3\"></span> other operatin<span class=\"_ _3\"></span>g receiva<span class=\"_ _3\"></span>bles<span class=\"_ _4f\"> </span><span class=\"ls3 ws3\">46<span class=\"_ _5\"></span>9,529 <span class=\"_ _179\"> </span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,022 </span>The i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s of 1<span class=\"_ _8\"></span>15.<span class=\"_ _8\"></span>7 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f 2022 is par<span class=\"_ _4\"></span>tia<span class=\"_ _5\"></span>lly c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y a dec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n all o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s for a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 30.<span class=\"_ _5\"></span>2 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>ut m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s of maj<span class=\"_ _5\"></span>or p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g of in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s upo<span class=\"_ _5\"></span>n acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce by th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n tra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s not c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d by an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in ove<span class=\"_ _5\"></span>rdu<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>3 \u2013 TR<span class=\"_ _4\"></span>AD<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TIN<span class=\"_ _5\"></span>G RECEI<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>AB<span class=\"_ _5\"></span>LESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndCRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-131-2": {
   "value": "A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"ff61\"> r<span class=\"_ _5\"></span>emai<span class=\"_ _5\"></span>ned s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e. In 2021 the amo<span class=\"_ _5\"></span>unt </span>was r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cla<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on of t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alue of th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el (s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in Ap<span class=\"_ _5\"></span>ril 2022) from p<span class=\"_ _5\"></span>rop<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plan<span class=\"_ _5\"></span>t and e<span class=\"_ _5\"></span>quip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t. In 2<span class=\"_ _5\"></span>022 the amou<span class=\"_ _5\"></span>nt is r<span class=\"_ _5\"></span>elate<span class=\"_ _5\"></span>d to another vessel within the<span class=\"_ _8\"></span> O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fshore Energy segment.Floating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other Assets <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsconstruc<span class=\"_ _5\"></span>tionequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _286\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>47</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _159\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>15<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>14<span class=\"_ _1df\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _1de\"> </span>70<span class=\"_ _1e2\"> </span><span class=\"ls55 ws5d\">316<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _ad\"> </span><span class=\"ls59 ws62\">485,980</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _126\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _1e0\"> </span>-<span class=\"_ _4\"></span>95<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span></span>-996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>576</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"ls34 ws3e\">-34,3<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _ce\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e0\"> </span></span>-<span class=\"_ _8\"></span>34,31<span class=\"_ _8\"></span>4</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _287\"> </span>55<span class=\"_ _ad\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _95\"> </span>8<span class=\"_ _10e\"> </span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>11<span class=\"_ _14b\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _74\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-14<span class=\"_ _1dd\"> </span>3,<span class=\"_ _5\"></span>381<span class=\"_ _95\"> </span><span class=\"ls3 ws3\">1<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"lsb wsc\">3,3<span class=\"_ _5\"></span>67</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _18b\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _5\"></span>1<span class=\"_ _81\"> </span></span>-<span class=\"_ _168\"> </span>62<span class=\"_ _149\"> </span>-40<span class=\"_ _1dd\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1e7\"> </span><span class=\"lsb wsc\">87</span></span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _37\"> </span>119<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _ab\"> </span>4,694,6<span class=\"_ _5\"></span>83<span class=\"_ _110\"> </span>20,564<span class=\"_ _ab\"> </span>7,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _1f7\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls37 ws83\">5,065,468</span></span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2022<span class=\"_ _235\"> </span>49,0<span class=\"_ _5\"></span>98<span class=\"_ _bb\"> </span><span class=\"ls33 ws3c\">2,385<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>78<span class=\"_ _1e3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls5c ws65\">1<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _1d4\"> </span>4<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>83<span class=\"_ _149\"> </span>27<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>18<span class=\"_ _ae\"> </span>2,425<span class=\"_ _1f1\"> </span><span class=\"ls57 ws60\">422<span class=\"_ _7f\"> </span></span>-<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _21e\"> </span>-17<span class=\"_ _1e0\"> </span>-94,35<span class=\"_ _8\"></span>3<span class=\"_ _b1\"> </span>-1,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _1ec\"> </span>-<span class=\"_ _5\"></span>996<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">-9<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>956</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>316<span class=\"_ _81\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _c8\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>56<span class=\"_ _9b\"> </span></span>-<span class=\"_ _ab\"> </span><span class=\"ls57 ws60\">2<span class=\"_ _5\"></span>,056<span class=\"_ _163\"> </span></span>-<span class=\"_ _ce\"> </span>-</span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _11e\"> </span>-13<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">4,248<span class=\"_ _168\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span></span></span>4,250</span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _1b4\"> </span><span class=\"ls81 ws8f\">84<span class=\"_ _129\"> </span><span class=\"ls16 ws1d\">46<span class=\"_ _149\"> </span></span>-40<span class=\"_ _7e\"> </span></span>-<span class=\"_ _168\"> </span><span class=\"ls37 ws83\">90</span>At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2022<span class=\"_ _8d\"> </span>53<span class=\"_ _5\"></span>,635<span class=\"_ _ab\"> </span>2,569,5<span class=\"_ _8\"></span>18<span class=\"_ _1de\"> </span>17,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1ef\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _163\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span><span class=\"ls34 ws3e\">2,643,420</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _15b\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4,<span class=\"_ _5\"></span>023<span class=\"_ _1f1\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>59<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _1f8\"> </span>66,<span class=\"_ _5\"></span>288<span class=\"_ _14c\"> </span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1df\"> </span>3,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _a8\"> </span>4,0<span class=\"_ _5\"></span>82<span class=\"_ _157\"> </span><span class=\"ls84 ws92\">223<span class=\"_ _5\"></span>,04<span class=\"_ _5\"></span>2<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">2,42<span class=\"_ _8\"></span>2,04<span class=\"_ _5\"></span>8</span></span>NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTFloating<span class=\"_ _3\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span> Other 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>La<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r Fur<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re a<span class=\"_ _5\"></span>nd As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>er  propert<span class=\"_ _5\"></span>y,<span class=\"_ _8\"></span> tangible buildingsconstruc<span class=\"_ _5\"></span>tion vehiclesconstruc<span class=\"_ _5\"></span>tionplant and (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)assetsequipmentequipmentAcqu<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n cos<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _201\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>2<span class=\"_ _10e\"> </span><span class=\"ls8 ws8\">3<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _89\"> </span>1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _bb\"> </span></span>1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">5<span class=\"_ _5\"></span>05,821<span class=\"_ _ab\"> </span>4,623,775</span>Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, inc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g fi<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, ow<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>odu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _77\"> </span>8<span class=\"_ _4\"></span>,75<span class=\"_ _5\"></span>0<span class=\"_ _143\"> </span>142<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>77<span class=\"_ _5\"></span>0<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">2,266<span class=\"_ _1df\"> </span></span>-<span class=\"_ _1ed\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _143\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span></span>Sale<span class=\"_ _5\"></span>s and dispos<span class=\"_ _5\"></span>als<span class=\"_ _224\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _289\"> </span>-13<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">-2,07<span class=\"_ _5\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-26<span class=\"_ _1f9\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1dc\"> </span><span class=\"ls7c ws8a\">-58,69<span class=\"_ _5\"></span>9<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _143\"> </span><span class=\"ls7c ws8a\">-5<span class=\"_ _5\"></span>8,699</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _69\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>23<span class=\"_ _149\"> </span>320,9<span class=\"_ _8\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _235\"> </span>724<span class=\"_ _28a\"> </span>-<span class=\"_ _14c\"> </span><span class=\"ls80 ws8e\">-3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _93\"> </span><span class=\"ls1e ws28\">-115</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _15c\"> </span><span class=\"ls59 ws62\">5,327<span class=\"_ _235\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _5\"></span>5<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _15c\"> </span><span class=\"ls7a ws88\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>490</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _1fa\"> </span>107,910<span class=\"_ _ab\"> </span>4,2<span class=\"_ _8\"></span>72,250<span class=\"_ _110\"> </span>20,<span class=\"_ _5\"></span>221<span class=\"_ _10e\"> </span><span class=\"ls5a ws63\">1,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _bb\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>47</span>Cum<span class=\"_ _5\"></span>ula<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve de<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n an<span class=\"_ _5\"></span>d imp<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t at Ja<span class=\"_ _5\"></span>nua<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y 1, 2021<span class=\"_ _77\"> </span>4<span class=\"_ _5\"></span>5,882<span class=\"_ _a8\"> </span>2<span class=\"_ _5\"></span>,223<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>83<span class=\"_ _1de\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _a8\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _7f\"> </span></span>-<span class=\"_ _a8\"> </span><span class=\"ls16 ws1d\">2,2<span class=\"_ _8\"></span>86<span class=\"_ _5\"></span>,686</span>Dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ge of t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar<span class=\"_ _28c\"> </span>4,<span class=\"_ _5\"></span>035<span class=\"_ _143\"> </span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _1dd\"> </span>2<span class=\"_ _5\"></span>,332<span class=\"_ _110\"> </span><span class=\"ls10c ws17f\">64<span class=\"_ _7f\"> </span></span>-<span class=\"_ _1f1\"> </span><span class=\"ls19 ws16\">300,566</span>Wri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en do<span class=\"_ _5\"></span>wn af<span class=\"_ _4\"></span>ter s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d disp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>als<span class=\"_ _10c\"> </span>-827<span class=\"_ _234\"> </span>-111,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>9<span class=\"_ _111\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _b9\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f9\"> </span><span class=\"ls1e ws28\">-114<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0</span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer t<span class=\"_ _5\"></span>o '<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r Sa<span class=\"_ _5\"></span>le'<span class=\"_ _23f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-26<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2<span class=\"_ _9b\"> </span></span>-<span class=\"_ _c7\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">-2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>2</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ansfers from one heading<span class=\"_ _3\"></span> to another<span class=\"_ _288\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _7c\"> </span><span class=\"lsb wsc\">671<span class=\"_ _1dd\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1dd\"> </span><span class=\"ls76 ws84\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>11</span></span>yearT<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _247\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _1dd\"> </span><span class=\"ls7e ws8c\">4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _7c\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>6<span class=\"_ _28a\"> </span></span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls34 ws3e\">4,27<span class=\"_ _3\"></span>5</span></span>Acquisitions through business combinations<span class=\"_ _11c\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _ce\"> </span>-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _28b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _9b\"> </span>-<span class=\"_ _1dd\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _9b\"> </span>-At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31, 2021<span class=\"_ _24b\"> </span>49,<span class=\"_ _5\"></span>09<span class=\"_ _5\"></span>8<span class=\"_ _10e\"> </span><span class=\"ls33 ws3c\">2,385,<span class=\"_ _2\"></span>17<span class=\"_ _8\"></span>8<span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">16<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _bb\"> </span><span class=\"ls5c ws65\">1,73<span class=\"_ _5\"></span>2<span class=\"_ _7f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _a8\"> </span></span></span></span>2,452,2<span class=\"_ _3\"></span>06</span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r yea<span class=\"_ _5\"></span>r<span class=\"_ _215\"> </span>52,<span class=\"_ _5\"></span>86<span class=\"_ _5\"></span>0<span class=\"_ _10e\"> </span>1<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _15c\"> </span>3,900<span class=\"_ _234\"> </span>243<span class=\"_ _1f7\"> </span><span class=\"lsf ws13\">505,821<span class=\"_ _ab\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9</span></span>Ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _105\"> </span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>12<span class=\"_ _bb\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,023<span class=\"_ _28d\"> </span>17<span class=\"_ _5\"></span>9<span class=\"_ _1f7\"> </span><span class=\"lsd wsf\">30<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,955<span class=\"_ _ab\"> </span><span class=\"ls69 ws75\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>41</span></span>A ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>ith a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ok va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, h<span class=\"_ _5\"></span>as b<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d to <span class=\"ff73\">\u2018Ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.In 2021 the jac<span class=\"_ _5\"></span>k-up ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _4\"></span>Tho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f 32.5 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, wa<span class=\"_ _5\"></span>s tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o \u2018<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld fo<span class=\"_ _5\"></span>r s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d in 2022 (not<span class=\"_ _5\"></span>e (2)<span class=\"_ _8\"></span>).The D<span class=\"_ _5\"></span>P2 of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019, with a n<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>k val<span class=\"_ _5\"></span>ue of 32.<span class=\"_ _5\"></span>5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, has b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed to <span class=\"ff73\">\u2018As<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>\u2019 </span>(<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>o<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span> (14<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>)<span class=\"_ _5\"></span>.In Aug<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>t 2021<span class=\"_ _8\"></span>, a M<span class=\"_ _5\"></span>emo<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>dum o<span class=\"_ _5\"></span>f Agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed un<span class=\"_ _5\"></span>der w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the j<span class=\"_ _5\"></span>ack-up v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019, ano<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el be<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e Of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re En<span class=\"_ _5\"></span>erg<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>as s<span class=\"_ _5\"></span>old t<span class=\"_ _5\"></span>o a Du<span class=\"_ _5\"></span>tch t<span class=\"_ _5\"></span>hird p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he bu<span class=\"_ _5\"></span>ye<span class=\"_ _5\"></span>r obt<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>y fun<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g fo<span class=\"_ _5\"></span>r the ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e \u2018<span class=\"_ _5\"></span>Th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>\u2019 v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l wa<span class=\"_ _5\"></span>s clas<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale a<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber, 202<span class=\"_ _8\"></span>1. On A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 21<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>hor<span class=\"_ _4\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el was s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>ing ga<span class=\"_ _5\"></span>in on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al is i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in \u2018ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inco<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>\u2019.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sa<span class=\"_ _5\"></span>le<span class=\"_ _26e\"> </span><span class=\"ls85 ws93\">31,9<span class=\"_ _5\"></span>97 <span class=\"_ _41\"> </span><span class=\"ls84 ws92\">32<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>56</span></span>Acco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 5 non-current asse<span class=\"_ _5\"></span>ts held for sale and<span class=\"_ _8\"></span> discontinued operations the f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s mus<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>e met f<span class=\"_ _5\"></span>or a<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t (or \u2018disp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>l grou<span class=\"_ _5\"></span>p\u2019<span class=\"_ _5\"></span>) to b<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d as h<span class=\"_ _5\"></span>eld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>manag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is c<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o a pla<span class=\"_ _5\"></span>n to s<span class=\"_ _5\"></span>ell;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et is av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>an ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>am to l<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ate a b<span class=\"_ _5\"></span>uy<span class=\"_ _5\"></span>er is in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d;- <span class=\"_ _172\"> </span> <span class=\"_ _0\"></span>the sale is highly probable,<span class=\"_ _3\"></span> within 1<span class=\"_ _2\"></span>2 months of classification as held for<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>ale;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>the as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>ly ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale a<span class=\"_ _5\"></span>t a s<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>s pr<span class=\"_ _5\"></span>ice r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e in re<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fa<span class=\"_ _5\"></span>ir va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>act<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>quir<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>n indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>at it i<span class=\"_ _5\"></span>s unli<span class=\"_ _5\"></span>kely t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he pl<span class=\"_ _5\"></span>an wi<span class=\"_ _5\"></span>ll be s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ged o<span class=\"_ _5\"></span>r wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>wn<span class=\"_ _5\"></span>.Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, DEME m<span class=\"_ _5\"></span>anag<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e opi<span class=\"_ _5\"></span>nio<span class=\"_ _5\"></span>n tha<span class=\"_ _5\"></span>t all o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n ful<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ed an<span class=\"_ _5\"></span>d a s<span class=\"_ _5\"></span>ale w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t 1<span class=\"_ _8\"></span>2 mon<span class=\"_ _5\"></span>ths i<span class=\"_ _5\"></span>s hig<span class=\"_ _5\"></span>hly p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>or a ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore En<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he ne<span class=\"_ _5\"></span>t bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el i<span class=\"_ _5\"></span>s 32 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is the l<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r of t<span class=\"_ _5\"></span>he ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yin<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>unt a<span class=\"_ _5\"></span>nd f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue a<span class=\"_ _5\"></span>t cl<span class=\"_ _5\"></span>osi<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te.NOTE 1<span class=\"_ _8\"></span>4 \u2013 A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S HE<span class=\"_ _5\"></span>LD FOR <span class=\"_ _5\"></span>SALEBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-132-2": {
   "value": "Other current assets increased with 56 million EUR compared to 2021, mainly related to an increase in deferred hedge cost on the US projects Vineyard and Coastal Virginia.NOTE 15 \u2013 OTHER CURRENT ASSETSBalance at December 31(in thousands of EUR)2022 2021Deferred charges and accrued income 100,950  45,710 Environmental landfill volume reservation fee 8,320  7,530 Advance payments on purchases and cost of material regarding construction contracts  14,963  14,952 for costs not incurredOther current assets 124,233  68,192 Deferred charges and accrued income include amongst others deferred hedge charges for construction contracts, only for their percentage not completed. The hedge charges of construction contracts are recorded as construction cost for the percentage completed. The increase in 2022 compared to 2021 is related to deferred hedge charges for the new offshore energy contracts in the US.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-139-2": {
   "value": "CONSO<span class=\"_ _5\"></span>LIDA<span class=\"_ _6\"></span>TED ST<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>TEME<span class=\"_ _5\"></span>NT OF C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH FLOWS C<span class=\"_ _3\"></span>OMP<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VE A<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>YSIS A<span class=\"_ _5\"></span>s of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31 (in th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nds o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>)Notes2022<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _89\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"></span>E<span class=\"_ _13\"> </span>LT<span class=\"_ _5\"></span>A</span>CA<span class=\"_ _5\"></span>SH AND CASH EQUIV<span class=\"_ _8\"></span>ALENTS, OPENING BALANCE<span class=\"_ _224\"> </span>528,6<span class=\"_ _5\"></span>32<span class=\"_ _7e\"> </span><span class=\"ls6b ws78\">62<span class=\"_ _5\"></span>1,937<span class=\"_ _258\"> </span></span><span class=\"fc0\">-93,305</span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W FROM OPERA<span class=\"_ _8\"></span>TING ACTIVITIES BEFORE CHANGES IN 411<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _91\"> </span><span class=\"ls3 ws3\">44<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>356<span class=\"_ _163\"> </span><span class=\"fc0 ls31 ws3a\">-<span class=\"_ _8\"></span>28,880</span></span>WORKING CAPIT<span class=\"_ _8\"></span>ALCHA<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N WOR<span class=\"_ _5\"></span>KI<span class=\"_ _5\"></span>NG C<span class=\"_ _5\"></span>AP<span class=\"_ _5\"></span>ITAL<span class=\"_ _15e\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>893<span class=\"_ _96\"> </span><span class=\"ls5c ws65\">-2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>82<span class=\"_ _84\"> </span><span class=\"fc0 ls79 ws87\">4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,675</span></span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W FROM OPERA<span class=\"_ _8\"></span>TING ACTIVITIES<span class=\"_ _24b\"> </span>436,369<span class=\"_ _7f\"> </span><span class=\"ls5a ws63\">41<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74<span class=\"_ _c0\"> </span></span><span class=\"lsd9 wse4\">16,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span>Inves<span class=\"_ _5\"></span>tmen<span class=\"_ _5\"></span>ts<span class=\"_ _198\"> </span>-51<span class=\"_ _2\"></span>2<span class=\"_ _5\"></span>,855<span class=\"_ _164\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _1d\"> </span><span class=\"fc0 ls7e ws8c\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>5</span></span>Divestment<span class=\"_ _5\"></span>s<span class=\"_ _1bb\"> </span><span class=\"lsa wsb\">24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>01<span class=\"_ _65\"> </span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>247</span></span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W (USED<span class=\"_ _8\"></span> IN) / FROM INVESTING ACTIVITIES<span class=\"_ _2f\"> </span>-4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8,85<span class=\"_ _5\"></span>4<span class=\"_ _14e\"> </span><span class=\"ls6e ws7b\">-<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>12<span class=\"_ _14e\"> </span></span><span class=\"ls84 ws92\">-222,4<span class=\"_ _5\"></span>42</span>New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _20f\"> </span>(18)<span class=\"_ _35\"> </span>465,000<span class=\"_ _84\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _163\"> </span><span class=\"fc0 ls8b ws99\">413<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6</span></span>Repayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _fe\"> </span>(18)<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _a9\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875<span class=\"_ _cc\"> </span><span class=\"fc0 ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3</span></span>Gro<span class=\"_ _5\"></span>ss d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iden<span class=\"_ _5\"></span>d pai<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>rs<span class=\"_ _150\"> </span>(16)<span class=\"_ _8b\"> </span>-40,84<span class=\"_ _3\"></span>3<span class=\"_ _96\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421<span class=\"_ _95\"> </span><span class=\"fc0\">-20,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>22</span></span>Gro<span class=\"_ _5\"></span>ss d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iden<span class=\"_ _5\"></span>d pai<span class=\"_ _5\"></span>d to no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ollin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls55 ws5d\">(16<span class=\"_ _5\"></span>)<span class=\"_ _43\"> </span></span>-504<span class=\"_ _11c\"> </span>-<span class=\"_ _3d\"> </span><span class=\"fc0\">-50<span class=\"_ _5\"></span>4</span>CA<span class=\"_ _5\"></span>SH FLO<span class=\"_ _3\"></span>W (USED<span class=\"_ _8\"></span> IN) / FROM FINANCIAL ACTIVITIES<span class=\"_ _25c\"> </span>43,<span class=\"_ _8\"></span>16<span class=\"_ _3\"></span>5<span class=\"_ _169\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _96\"> </span><span class=\"fc0 ls8 ws8\">2<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _5\"></span>7</span></span>NET INCREASE (DECREASE) IN CASH AND CA<span class=\"_ _5\"></span>SH EQUIV<span class=\"_ _8\"></span>ALENTS<span class=\"_ _139\"> </span>-9,<span class=\"_ _5\"></span>320<span class=\"_ _163\"> </span><span class=\"ls5c ws65\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>0<span class=\"_ _65\"> </span><span class=\"fc0 ls88 ws96\">85<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470</span></span>Impa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>n ca<span class=\"_ _5\"></span>sh and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equi<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _44\"> </span>2,9<span class=\"_ _5\"></span>49<span class=\"_ _86\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _86\"> </span><span class=\"fc0\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4</span></span>CA<span class=\"_ _5\"></span>SH AND CASH EQUIV<span class=\"_ _8\"></span>ALENTS, ENDING BALANCE<span class=\"_ _f8\"> </span>52<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>61<span class=\"_ _b1\"> </span><span class=\"ls84 ws92\">528<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>632<span class=\"_ _78\"> </span><span class=\"fc0 ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>71</span></span>Ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow (use<span class=\"_ _5\"></span>d in) / f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esCas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>y incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m 248.0 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR ne<span class=\"_ _5\"></span>t ca<span class=\"_ _5\"></span>sh-<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ut f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w in 202<span class=\"_ _3\"></span>1 to a ne<span class=\"_ _5\"></span>t cas<span class=\"_ _5\"></span>h-<span class=\"_ _5\"></span>in f<span class=\"_ _5\"></span>low o<span class=\"_ _5\"></span>f 43.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022.The m<span class=\"_ _5\"></span>ain 2022 cash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ows f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>inanc<span class=\"_ _5\"></span>ial ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>late to: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t rai<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in 2022 amoun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to </span></span>465.<span class=\"_ _5\"></span>0 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o 5<span class=\"_ _8\"></span>1.3 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _2\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for c<span class=\"_ _5\"></span>a. 41 million EUR i<span class=\"_ _5\"></span>n 2022, </span></span>comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>a. 20 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _2\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">d<span class=\"_ _5\"></span>ebt r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>d in 2022 </span></span>amounting t<span class=\"_ _3\"></span>o ca. 380 m<span class=\"_ _3\"></span>illion E<span class=\"_ _8\"></span>UR compared to ca<span class=\"_ _5\"></span>. 279 millio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.A<span class=\"_ _5\"></span>s a net r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>bove<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ned c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s, the c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>quiv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>ance d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m 528.6 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 202<span class=\"_ _3\"></span>1 to 522.3 milli<span class=\"_ _5\"></span>on EUR in 2022.Cash flow<span class=\"_ _3\"></span> from operat<span class=\"_ _3\"></span>ing activitiesCash flow from operating activities increased from 4<span class=\"_ _8\"></span>19.6 million EU<span class=\"_ _5\"></span>R in 2021 to 4<span class=\"_ _3\"></span>36.<span class=\"_ _5\"></span>4 milli<span class=\"_ _5\"></span>on EUR in 2022. This m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y rela<span class=\"_ _5\"></span>tes t<span class=\"_ _5\"></span>o the hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ty l<span class=\"_ _5\"></span>evel a<span class=\"_ _5\"></span>nd corresponding increase i<span class=\"_ _3\"></span>n the net operating<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>sult from 1<span class=\"_ _8\"></span>43.<span class=\"_ _5\"></span>3 milli<span class=\"_ _5\"></span>on EUR in 2021 to 1<span class=\"_ _8\"></span>55.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2022. The aforementioned net<span class=\"_ _3\"></span> operating result incl<span class=\"_ _3\"></span>udes items rec<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g cas<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow f<span class=\"_ _5\"></span>or an am<span class=\"_ _5\"></span>ount o<span class=\"_ _5\"></span>f 5.7 milli<span class=\"_ _5\"></span>on EUR in 2022 comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to 16.2 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.The in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l per D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 is main<span class=\"_ _5\"></span>ly c<span class=\"_ _5\"></span>aus<span class=\"_ _5\"></span>ed by a<span class=\"_ _5\"></span>n incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s and cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s par<span class=\"_ _4\"></span>tl<span class=\"_ _5\"></span>y of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et b<span class=\"_ _5\"></span>y an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in tra<span class=\"_ _5\"></span>de de<span class=\"_ _5\"></span>bto<span class=\"_ _5\"></span>rs a<span class=\"_ _5\"></span>nd de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d he<span class=\"_ _5\"></span>dge ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al on t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w fr<span class=\"_ _5\"></span>om operating activities amounts to 2<span class=\"_ _8\"></span>4.9 million E<span class=\"_ _3\"></span>UR in 2<span class=\"_ _8\"></span>022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 20.<span class=\"_ _5\"></span>8 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R in 2021<span class=\"_ _8\"></span>. O<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r mate<span class=\"_ _5\"></span>ria<span class=\"_ _5\"></span>l cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in 2022 inclu<span class=\"_ _5\"></span>de an inf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow of c<span class=\"_ _5\"></span>a. 10.<span class=\"_ _3\"></span>7 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ends r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d from participations in joint v<span class=\"_ _3\"></span>entures a<span class=\"_ _3\"></span>nd associates, and an o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w of ca<span class=\"_ _5\"></span>. 43 milli<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>f inco<span class=\"_ _5\"></span>me ta<span class=\"_ _5\"></span>xes<span class=\"_ _5\"></span>.The materia<span class=\"_ _3\"></span>l non-cash adjustments from ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ting a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s in 2022 includ<span class=\"_ _5\"></span>e 31<span class=\"_ _8\"></span>8.<span class=\"_ _5\"></span>2 mill<span class=\"_ _5\"></span>ion EUR of d<span class=\"_ _5\"></span>epr<span class=\"_ _5\"></span>ecia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and im<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>st a<span class=\"_ _5\"></span>nd ca. 1 mill<span class=\"_ _3\"></span>ion EUR<span class=\"_ _8\"></span> decreas<span class=\"_ _5\"></span>e of provisions.Ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow (use<span class=\"_ _5\"></span>d in) / f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s Cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ing ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed by 83% in 2022, amoun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to 48<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>.9 milli<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2022comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 266<span class=\"_ _5\"></span>.4 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>.The c<span class=\"_ _5\"></span>onsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h out<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w in 2022 was m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y dri<span class=\"_ _5\"></span>ven by t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g fac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s: <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e DEME f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t (PP&amp;E<span class=\"_ _5\"></span>), </span></span>rea<span class=\"_ _5\"></span>chin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>. 482 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R of c<span class=\"_ _5\"></span>ash sp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t in 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to c<span class=\"_ _5\"></span>a. 280 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his is mainl<span class=\"_ _5\"></span>y dr<span class=\"_ _5\"></span>iven b<span class=\"_ _5\"></span>y the \u2018<span class=\"_ _5\"></span>Or<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>\u2019 wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ame in<span class=\"_ _5\"></span>to th<span class=\"_ _5\"></span>e fl<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>t in Q2 2022, the acq<span class=\"_ _5\"></span>uisi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n and c<span class=\"_ _5\"></span>onver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on of cab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>-lay<span class=\"_ _5\"></span>ing v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l \u2018<span class=\"_ _5\"></span>Vi<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>he inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in a new r<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>k dumpi<span class=\"_ _5\"></span>ng ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el, t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nver<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n of of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>lati<span class=\"_ _5\"></span>on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el \u2018<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ea In<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d maintenance inves<span class=\"_ _5\"></span>tment<span class=\"_ _5\"></span>s in DEME\u2019s exist<span class=\"_ _5\"></span>ing fle<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s in j<span class=\"_ _5\"></span>oint ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes (ca. 23 </span></span>million EUR), compare<span class=\"_ _5\"></span>d to ca. 1<span class=\"_ _8\"></span>6 million EUR in 202<span class=\"_ _8\"></span>1; <span class=\"_ _203\"></span><span class=\"ff6c\">\u2012<span class=\"_ _a7\"> </span><span class=\"ff61\">di<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 24.0 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR in </span></span>2022, which i<span class=\"_ _5\"></span>s a dec<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to the c<span class=\"_ _5\"></span>ash infl<span class=\"_ _5\"></span>ow realis<span class=\"_ _5\"></span>ed in 202<span class=\"_ _8\"></span>1 (3<span class=\"_ _3\"></span>2.2 million EUR).NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>NOTE 24 \u2013 <span class=\"_ _5\"></span>WORKI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>CA<span class=\"_ _5\"></span>PIT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>LBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ca<span class=\"_ _5\"></span>n be f<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d bel<span class=\"_ _5\"></span>ow.RECONCILIA<span class=\"_ _6\"></span>TION OPERA<span class=\"_ _2\"></span>TING WORKING<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>APIT<span class=\"_ _2\"></span>AL MOV<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>T WI<span class=\"_ _5\"></span>TH C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH F<span class=\"_ _5\"></span>LOW F<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N 2022<span class=\"_ _245\"> </span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"> </span>E<span class=\"_ _12\"> </span>LTA</span>WORKING<span class=\"_ _3\"></span> CAPIT<span class=\"_ _2\"></span>AL<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)OPERA<span class=\"_ _8\"></span>TING WORKING CAPIT<span class=\"_ _3\"></span>AL<span class=\"_ _87\"> </span>-<span class=\"_ _8\"></span>506,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>53<span class=\"_ _9d\"> </span><span class=\"ls5a ws63\">-<span class=\"_ _4\"></span>511<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _59\"> </span><span class=\"fc0 ls6b ws78\">4,<span class=\"_ _5\"></span>933</span></span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW CO<span class=\"_ _5\"></span>RR<span class=\"_ _5\"></span>ECT<span class=\"_ _5\"></span>IO<span class=\"_ _5\"></span>NS ON WO<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G CA<span class=\"_ _5\"></span>PI<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>L MOV<span class=\"_ _5\"></span>EMEN<span class=\"_ _5\"></span>TS  OF TH<span class=\"_ _5\"></span>E YE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RAddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sal<span class=\"_ _5\"></span>e<span class=\"_ _2f8\"> </span><span class=\"fc0 ls87 ws95\">-31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97</span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _e7\"> </span><span class=\"fc0\">-5<span class=\"_ _5\"></span>,428</span>Impact financial derivatives included<span class=\"_ _3\"></span> in working capital<span class=\"_ _1ff\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>2</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _273\"> </span><span class=\"fc0 ls89 ws97\">171</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent <span class=\"_ _182\"> </span><span class=\"fc0 ls7e ws8c\">4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3</span>Oth<span class=\"_ _5\"></span>er correc<span class=\"_ _5\"></span>tions<span class=\"_ _2f9\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03</span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW F<span class=\"_ _5\"></span>ROM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N WOR<span class=\"_ _5\"></span>KIN<span class=\"_ _5\"></span>G C<span class=\"_ _5\"></span>AP<span class=\"_ _5\"></span>IT<span class=\"_ _3\"></span>AL<span class=\"_ _195\"> </span><span class=\"fc0 ls6b ws78\">-2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>893</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-142-2": {
   "value": "Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p eq<span class=\"_ _5\"></span>ui<span class=\"_ _5\"></span>ty <span class=\"ff61\">i<span class=\"_ _5\"></span>ncre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>ith 1<span class=\"_ _3\"></span>77 millio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d is ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t </span>to the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult o<span class=\"_ _5\"></span>f the y<span class=\"_ _5\"></span>ear o<span class=\"_ _5\"></span>f 1<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>2.7 millio<span class=\"_ _5\"></span>n EUR po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vely impa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y an incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er com<span class=\"_ _5\"></span>preh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e (hedging reserve, remeasurement on<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement obligations a<span class=\"_ _3\"></span>nd cumu<span class=\"_ _3\"></span>lative translation<span class=\"_ _8\"></span> adjustment<span class=\"_ _5\"></span>s)<span class=\"_ _3\"></span> for a<span class=\"_ _5\"></span>n amou<span class=\"_ _5\"></span>nt of 102.5 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>, co<span class=\"_ _5\"></span>mpe<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d by the p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f a div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 40<span class=\"_ _5\"></span>.8 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR in 2022. No<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t due to t<span class=\"_ _5\"></span>he pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l deme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, a tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>fer f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m ret<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>ed ea<span class=\"_ _5\"></span>rnin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s to share capit<span class=\"_ _5\"></span>al and share premium has been reco<span class=\"_ _5\"></span>rded.PRO<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>OS<span class=\"_ _5\"></span>ED A<span class=\"_ _5\"></span>ND D<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>ST<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>BU<span class=\"_ _5\"></span>TE<span class=\"_ _5\"></span>D DI<span class=\"_ _5\"></span>VI<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>DSFor t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020 a div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 20,<span class=\"_ _5\"></span>421<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>450 EUR w<span class=\"_ _5\"></span>as p<span class=\"_ _5\"></span>aid to C<span class=\"_ _5\"></span>FE NV o<span class=\"_ _5\"></span>n May 14, 202<span class=\"_ _3\"></span>1, corre<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o 4.<span class=\"_ _5\"></span>5 EUR gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. An i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d, p<span class=\"_ _5\"></span>aid o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ccum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ed r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020, wa<span class=\"_ _5\"></span>s app<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ved by DEM<span class=\"_ _5\"></span>E NV<span class=\"_ _5\"></span>\u2019s sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>der f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>42,9<span class=\"_ _5\"></span>00 EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>ing to 9 EU<span class=\"_ _5\"></span>R gro<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s di<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>d was p<span class=\"_ _5\"></span>aid to CFE N<span class=\"_ _5\"></span>V on M<span class=\"_ _5\"></span>arch 25<span class=\"_ _5\"></span>, 2022. No ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d wa<span class=\"_ _5\"></span>s dec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on by D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r on th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at th<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>d of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al y<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l pro<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e Gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sem<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>y, on May 1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>, 2023, to d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te a gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 1.5 eur<span class=\"_ _5\"></span>o per s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e. Su<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>mbl<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d dat<span class=\"_ _5\"></span>e is pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be s<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t Jul<span class=\"_ _5\"></span>y 4, 2023<span class=\"_ _5\"></span>.The shareholde<span class=\"_ _3\"></span>rs holding 5<span class=\"_ _8\"></span>% or more of<span class=\"_ _8\"></span> tot<span class=\"_ _5\"></span>al voti<span class=\"_ _3\"></span>ng rights for the<span class=\"_ _8\"></span> shares they hold a<span class=\"_ _3\"></span>re: Ack<span class=\"_ _3\"></span>ermans &amp; van<span class=\"_ _8\"></span> Haaren NV <span class=\"_ _2c2\"> </span>VINCI Construction SAS1<span class=\"_ _8\"></span>5,725,68<span class=\"_ _5\"></span>4 sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s (or 62.<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>2%) <span class=\"_ _7b\"> </span>3,<span class=\"_ _5\"></span>06<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 sha<span class=\"_ _5\"></span>res (or 1<span class=\"_ _3\"></span>2.<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>1%<span class=\"_ _8\"></span>)Be<span class=\"_ _5\"></span>g\ue716n<span class=\"_ _5\"></span>enve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t,\ue6031<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>3\ue603<span class=\"_ _9a\"> </span>5,\ue603co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>s\ue603Fer<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>-L<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>psB-20<span class=\"_ _5\"></span>00 A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) <span class=\"_ _7d\"> </span>F<span class=\"_ _5\"></span>-9285<span class=\"_ _8\"></span>1 Ru<span class=\"_ _5\"></span>eil<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>Malm<span class=\"_ _5\"></span>ais<span class=\"_ _5\"></span>on Ce<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>x (Fra<span class=\"_ _5\"></span>nce)SHAREHOLDE<span class=\"_ _3\"></span>R S<span class=\"_ _3\"></span>TRUCTUR<span class=\"_ _3\"></span>E AND<span class=\"_ _8\"></span> SHARE CAPIT<span class=\"_ _6\"></span>ALUnt<span class=\"_ _5\"></span>il Jun<span class=\"_ _5\"></span>e 29, 2022, <span class=\"ff75\">DE<span class=\"_ _5\"></span>ME N<span class=\"_ _5\"></span>V</span> wa<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up and D<span class=\"_ _5\"></span>EME\u2019s 100% s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r wa<span class=\"_ _5\"></span>s the B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s-<span class=\"_ _5\"></span>bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d civ<span class=\"_ _5\"></span>il e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor C<span class=\"_ _5\"></span>FE NV, which i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent g<span class=\"_ _5\"></span>roup A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV. Both C<span class=\"_ _5\"></span>FE NV an<span class=\"_ _5\"></span>d Acker<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>ns &amp; va<span class=\"_ _5\"></span>n Haar<span class=\"_ _5\"></span>en N<span class=\"_ _5\"></span>V are p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>y lis<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>n Euro<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t Br<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E NV a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to 31<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>10,01<span class=\"_ _8\"></span>0 EUR a<span class=\"_ _5\"></span>nd is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by 4,<span class=\"_ _5\"></span>538,<span class=\"_ _8\"></span>100 ordi<span class=\"_ _5\"></span>nar<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>l val<span class=\"_ _5\"></span>ue.On Ju<span class=\"_ _5\"></span>ne 29, 2022, CF<span class=\"_ _5\"></span>E NV, trans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take i<span class=\"_ _5\"></span>n DEME N<span class=\"_ _5\"></span>V to a n<span class=\"_ _5\"></span>ew co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny, DEME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>y mea<span class=\"_ _5\"></span>ns of a p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>me li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st da<span class=\"_ _5\"></span>y of tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s wa<span class=\"_ _5\"></span>s Jun<span class=\"_ _5\"></span>e 30, 2022. DE<span class=\"_ _5\"></span>ME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V shar<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on Eu<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ymb<span class=\"_ _5\"></span>ol \u201c<span class=\"_ _5\"></span>DE<span class=\"_ _5\"></span>ME\u201d w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ISI<span class=\"_ _5\"></span>N cod<span class=\"_ _5\"></span>e BE0<span class=\"_ _5\"></span>97<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>41<span class=\"_ _2\"></span>3453. DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V is no<span class=\"_ _5\"></span>w 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f DEME N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e dat<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dem<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ger t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V wa<span class=\"_ _5\"></span>s the o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d agai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y.Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the s<span class=\"_ _5\"></span>hare c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al of <span class=\"ff75\">D<span class=\"_ _5\"></span>EM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p NV</span> a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 33,<span class=\"_ _8\"></span>19<span class=\"_ _8\"></span>3,<span class=\"_ _5\"></span>861 EUR an<span class=\"_ _5\"></span>d is re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>d by 25,<span class=\"_ _5\"></span>31<span class=\"_ _8\"></span>4,<span class=\"_ _5\"></span>482 o<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y shar<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut no<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>wn<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>s have t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d all s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame c<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tle<span class=\"_ _5\"></span>d to on<span class=\"_ _5\"></span>e vo<span class=\"_ _5\"></span>te pe<span class=\"_ _5\"></span>r shar<span class=\"_ _5\"></span>e in Sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 G<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ral M<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V is as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s:NOTE 1<span class=\"_ _8\"></span>6 <span class=\"_ _5\"></span>\u2013 SH<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>E C<span class=\"_ _5\"></span>API<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AL<span class=\"_ _4\"></span>, D<span class=\"_ _5\"></span>IVI<span class=\"_ _5\"></span>DEN<span class=\"_ _5\"></span>DS A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>RES<span class=\"_ _5\"></span>ERVESRE<span class=\"_ _5\"></span>T<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>ED E<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RN<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND OT<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>R RE<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>RV<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low, we f<span class=\"_ _5\"></span>ur<span class=\"_ _4\"></span>the<span class=\"_ _5\"></span>r de<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>l the m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od in <span class=\"ff73 ls1ba ws1df\">re<span class=\"_ _5\"></span>tained earnings and other reserves<span class=\"_ _5\"></span>.</span>Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Revaluation Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and surplusreservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111<span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span>3<span class=\"_ _5\"></span>,270<span class=\"_ _b2\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _ad\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>316<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,6<span class=\"_ _3\"></span>18,824</span></span>Par<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t 2021<span class=\"_ _249\"> </span>7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _1df\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>17<span class=\"_ _1d9\"> </span></span><span class=\"ff72\">-</span>Dividends paid<span class=\"_ _2c3\"> </span><span class=\"ls81 ws8f\">-40,84<span class=\"_ _8\"></span>3<span class=\"_ _147\"> </span><span class=\"ff72 ls38 ws41\">-<span class=\"_ _5\"></span>40,84<span class=\"_ _5\"></span>3</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _1a4\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _b1\"> </span><span class=\"ff72 ls5a ws63\">112<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0</span></span>Oth<span class=\"_ _5\"></span>er<span class=\"_ _15b\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _91\"> </span><span class=\"ls59 ws62\">20<span class=\"_ _5\"></span>8<span class=\"_ _73\"> </span></span>-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1ee\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14f\"> </span>-24<span class=\"_ _5\"></span>9,7<span class=\"_ _5\"></span>76<span class=\"_ _2b0\"> </span><span class=\"ls78 ws86\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span><span class=\"ff72 ls33 ws3c\">-47<span class=\"_ _8\"></span>2,429</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2022<span class=\"_ _c8\"> </span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>319<span class=\"_ _7c\"> </span>1,716<span class=\"_ _235\"> </span>1,<span class=\"_ _4\"></span>914<span class=\"_ _b9\"> </span>55,625<span class=\"_ _1e3\"> </span><span class=\"ls28 ws35\">668,298<span class=\"_ _1f1\"> </span><span class=\"ls67 ws72\">1,218<span class=\"_ _5\"></span>,272</span></span>The l<span class=\"_ _5\"></span>ine \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t sin<span class=\"_ _5\"></span>ce Jun<span class=\"_ _5\"></span>e 29, 2022, th<span class=\"_ _5\"></span>ere i<span class=\"_ _5\"></span>s a new p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V on t<span class=\"_ _5\"></span>op of D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V tha<span class=\"_ _5\"></span>t was t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny at t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aine<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2022 are th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he new parent<span class=\"_ _3\"></span> company<span class=\"_ _3\"></span> DEME Group<span class=\"_ _8\"></span> NV<span class=\"_ _3\"></span>.Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and reservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111 <span class=\"_ _ae\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>,270<span class=\"_ _89\"> </span></span>225,4<span class=\"_ _5\"></span>35<span class=\"_ _1f1\"> </span><span class=\"ls59 ws62\">1,263,926<span class=\"_ _1e9\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Paren<span class=\"_ _5\"></span>t company r<span class=\"_ _5\"></span>esul<span class=\"_ _5\"></span>t 2020<span class=\"_ _2a1\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _73\"> </span>-<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _31\"> </span><span class=\"ff72 ls3 ws3\">-</span></span>Dividends paid<span class=\"_ _2c4\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421<span class=\"_ _f2\"> </span><span class=\"ff72 ls79 ws87\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _2c5\"> </span><span class=\"ls76 ws84\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ff72 ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021<span class=\"_ _4c\"> </span>3<span class=\"_ _5\"></span>,111<span class=\"_ _5\"></span> <span class=\"_ _ae\"> </span>28<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span>3,<span class=\"_ _5\"></span>270<span class=\"_ _c8\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _28d\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,61<span class=\"_ _8\"></span>8,<span class=\"_ _5\"></span>824</span></span>NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-141-2": {
   "value": "Non-cur<span class=\"_ _5\"></span>rent liabilities<span class=\"ff61 ls19 ws16\"> increas<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th 228.<span class=\"_ _8\"></span>7 million </span>EUR of w<span class=\"_ _5\"></span>hich 21<span class=\"_ _2\"></span>1.9 milli<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt is r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of 4<span class=\"_ _5\"></span>40 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t by rei<span class=\"_ _5\"></span>mbur<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for 246 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-b<span class=\"_ _5\"></span>earin<span class=\"_ _5\"></span>g debt decre<span class=\"_ _5\"></span>ased w<span class=\"_ _5\"></span>ith 90.<span class=\"_ _5\"></span>4 million EUR.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESSummarised financial<span class=\"ls3 ws3\"> </span> information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>30,61<span class=\"_ _8\"></span>0<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,826,690</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>53,<span class=\"_ _5\"></span>552<span class=\"_ _8f\"> </span>43,96<span class=\"_ _8\"></span>7<span class=\"_ _b2\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>472<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _246\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>06<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _293\"> </span>9,38<span class=\"_ _5\"></span>8<span class=\"_ _31\"> </span>90<span class=\"_ _15a\"> </span>21,016<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _b2\"> </span><span class=\"ff72 ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _23a\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>4<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>37,337<span class=\"_ _15d\"> </span><span class=\"ls57 ws60\">38<span class=\"_ _5\"></span>9,282<span class=\"_ _af\"> </span><span class=\"ff72 ls6b ws78\">471,93<span class=\"_ _5\"></span>7</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _294\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1e7\"> </span>-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _169\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">2<span class=\"_ _5\"></span>,604<span class=\"_ _5\"></span>,622<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">2,<span class=\"_ _5\"></span>619<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>857</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _213\"> </span>47,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _15a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ls58 ws61\">698,<span class=\"_ _5\"></span>325<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">76<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>18</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _2e\"> </span>3<span class=\"_ _5\"></span>19<span class=\"_ _91\"> </span>3<span class=\"_ _5\"></span>,625<span class=\"_ _8f\"> </span><span class=\"ls8b ws99\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>213<span class=\"_ _15a\"> </span><span class=\"ff72 ls69 ws75\">61<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>51</span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>und i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt) o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>m are m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re w<span class=\"_ _5\"></span>ind f<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms C-Pow<span class=\"_ _5\"></span>er, Rentel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as to b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ay an<span class=\"_ _5\"></span>d tunne<span class=\"_ _5\"></span>l of Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds (BA<span class=\"_ _4\"></span>AK<span class=\"_ _5\"></span>).Summarised financial <span class=\"ls3 ws3\"> </span>Concessionsinformation of main associates<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) C-Power NV<span class=\"_ _159\"> </span><span class=\"ls3 ws3\">Re<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _1de\"> </span><span class=\"lsa2 wsb1\">Seamade NV</span></span>Blankenburg- Verbinding BV(<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _259\"> </span>5<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>762<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span>1,062,5<span class=\"_ _8\"></span>73<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls16 ws1d\">2,41<span class=\"_ _8\"></span>9,407</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _23a\"> </span>112<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _93\"> </span>119<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _93\"> </span>1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>10<span class=\"_ _1e4\"> </span><span class=\"ff72 ls6b ws78\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>62<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>0<span class=\"_ _27d\"> </span>15<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>76<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span>1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _af\"> </span><span class=\"ff72 ls5c ws65\">6<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _297\"> </span>35<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>47<span class=\"_ _93\"> </span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>925<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>233<span class=\"_ _af\"> </span><span class=\"lsb wsc\">7<span class=\"_ _5\"></span>70,671<span class=\"_ _1e4\"> </span><span class=\"ff72 ls3 ws3\">2,6<span class=\"_ _5\"></span>95,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>72,<span class=\"_ _5\"></span>395<span class=\"_ _14e\"> </span>7<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _152\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _15a\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _3\"></span>08<span class=\"_ _159\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>99,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>89</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _1e1\"> </span>318<span class=\"_ _5\"></span>,371<span class=\"_ _27d\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>35<span class=\"_ _af\"> </span>924<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _15d\"> </span><span class=\"lsd wsf\">738<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>86<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,605,696</span></span>Income statementRevenues<span class=\"_ _e5\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _93\"> </span>12<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _af\"> </span>14<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _af\"> </span><span class=\"ls55 ws5d\">26<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>41<span class=\"_ _15d\"> </span><span class=\"ff72 ls88 ws96\">6<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _22f\"> </span>5,7<span class=\"_ _5\"></span>87<span class=\"_ _8f\"> </span>21,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _213\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _8f\"> </span><span class=\"ff72 ls69 ws75\">51,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _35\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>031,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>,17<span class=\"_ _4\"></span>8</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _cc\"> </span>2,938<span class=\"_ _15f\"> </span><span class=\"lsf ws13\">1<span class=\"_ _8\"></span>62,679<span class=\"_ _93\"> </span><span class=\"ls8 ws8\">17<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _4\"></span>5</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _2d\"> </span>19<span class=\"_ _5\"></span>8<span class=\"_ _93\"> </span><span class=\"ls7b ws89\">-6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,423<span class=\"_ _af\"> </span><span class=\"ff72 ls84 ws92\">-<span class=\"_ _5\"></span>64<span class=\"_ _5\"></span>,22<span class=\"_ _5\"></span>5</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsf ws13\">98<span class=\"_ _5\"></span>,256<span class=\"_ _da\"> </span><span class=\"ls31 ws3a\">106,889</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _f6\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _91\"> </span><span class=\"ls75 ws82\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _8f\"> </span></span></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _169\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _14e\"> </span>254,829<span class=\"_ _8\"></span> <span class=\"_ _7c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span>8,<span class=\"_ _5\"></span>352 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>82,<span class=\"_ _5\"></span>877<span class=\"_ _5\"></span> </span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 12<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,9<span class=\"_ _5\"></span>01 <span class=\"_ _1e\"> </span></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _af\"> </span>135,<span class=\"_ _2\"></span>14<span class=\"_ _5\"></span>8 </span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _221\"> </span>-<span class=\"_ _5\"></span>41,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _5\"></span>8 <span class=\"_ _84\"> </span><span class=\"ls1c ws26\">92<span class=\"_ _5\"></span>5 <span class=\"_ _55\"> </span></span>-<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">-4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,528<span class=\"_ _5\"></span> </span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 80,628 <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>939 <span class=\"_ _168\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _1bf\"> </span></span>-<span class=\"_ _202\"> </span></span>94,620 associates book<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>d as<span class=\"_ _3\"></span> a non-current<span class=\"_ _3\"></span> assetSummarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _f5\"> </span>25<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _91\"> </span>2,5<span class=\"_ _5\"></span>42<span class=\"_ _91\"> </span>5,<span class=\"_ _5\"></span>070<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls57 ws60\">259,8<span class=\"_ _5\"></span>59</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _228\"> </span><span class=\"ls34 ws3e\">104,25<span class=\"_ _3\"></span>8<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span></span></span></span><span class=\"ff72\">14<span class=\"_ _8\"></span>1,296</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _19c\"> </span>2<span class=\"_ _3\"></span>54,829<span class=\"_ _7a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span>8,<span class=\"_ _5\"></span>352<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls7b ws89\">282,<span class=\"_ _5\"></span>877</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _d8\"> </span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _163\"> </span>1,78<span class=\"_ _5\"></span>3<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls38 ws41\">70,985</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _106\"> </span>34,6<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _91\"> </span>8,826<span class=\"_ _91\"> </span>3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span><span class=\"ff72 ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _131\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>17<span class=\"_ _1e7\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>33<span class=\"_ _39\"> </span></span>-<span class=\"_ _7c\"> </span><span class=\"ff72 ls2c ws38\">22,<span class=\"_ _8\"></span>444</span>Income statementRevenues<span class=\"_ _1b3\"> </span>110<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _213\"> </span>16,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,13<span class=\"_ _4\"></span>2<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls16 ws1d\">1<span class=\"_ _8\"></span>34,451</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _298\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _a9\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">2,<span class=\"_ _5\"></span>353<span class=\"_ _39\"> </span></span>-<span class=\"_ _8f\"> </span><span class=\"ff72 ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>10</span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd D<span class=\"_ _5\"></span>eep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV<span class=\"_ _5\"></span>) an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>age w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (Sc<span class=\"_ _5\"></span>ald<span class=\"_ _5\"></span>is N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, a 5<span class=\"_ _5\"></span>0% joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th DEM<span class=\"_ _5\"></span>E Bui<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng Ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials B<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e was n<span class=\"_ _5\"></span>o ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in Ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ia (Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga L<span class=\"_ _5\"></span>LC) any<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>re in 2022.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3f\"> </span>-<span class=\"_ _91\"> </span>9,<span class=\"_ _5\"></span>955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">91,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"ls16 ws1d\">99,49<span class=\"_ _3\"></span>3</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _35\"> </span>197<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-6<span class=\"_ _5\"></span>0,300<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">-<span class=\"_\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"lse ws12\">39,390</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _29d\"> </span>-<span class=\"_ _91\"> </span>5,020<span class=\"_ _1d\"> </span>2<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>05<span class=\"_ _7a\"> </span><span class=\"ls34 ws3e\">34,39<span class=\"_ _8\"></span>2<span class=\"_ _7a\"> </span><span class=\"ff72 ls33 ws3c\">42,21<span class=\"_ _8\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _32\"> </span>-37<span class=\"_ _169\"> </span><span class=\"ls37 ws83\">-2,<span class=\"_ _3\"></span>790<span class=\"_ _15a\"> </span><span class=\"ff72 ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7</span></span>Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _fc\"> </span>15<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>76<span class=\"_ _15a\"> </span>19<span class=\"_ _8\"></span>,266<span class=\"_ _cc\"> </span>5,266<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">181,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>91,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _14e\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _29b\"> </span><span class=\"ff72 lse ws12\">1<span class=\"_ _8\"></span>36<span class=\"_ _5\"></span>,398</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _f9\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _91\"> </span>5,4<span class=\"_ _5\"></span>66<span class=\"_ _7f\"> </span>2<span class=\"_ _7\"></span>,13<span class=\"_ _7\"></span>6<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls4c ws5f\">65<span class=\"_ _5\"></span>,523</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>34,69<span class=\"_ _8\"></span>7<span class=\"_ _7a\"> </span>2<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _7f\"> </span>3,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ff72 ls38 ws41\">60,<span class=\"_ _5\"></span>346</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _109\"> </span>27,497<span class=\"_ _168\"> </span>-1,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>27<span class=\"_ _39\"> </span></span>-<span class=\"_ _202\"> </span><span class=\"ff72 ls18 ws20\">23,305</span>Income statementRevenues<span class=\"_ _29c\"> </span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span>14<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2<span class=\"_ _7e\"> </span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls33 ws3c\">242,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>32</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>4<span class=\"_ _5\"></span>,79<span class=\"_ _4\"></span>0<span class=\"_ _14e\"> </span>-<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>958<span class=\"_ _20\"> </span><span class=\"ls89 ws97\">817<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"ff72 ls19 ws16\">6<span class=\"_ _5\"></span>49</span>Summarised financial <span class=\"ls3 ws3\"> </span>information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _2e\"> </span>12<span class=\"_ _5\"></span>5<span class=\"_ _202\"> </span>34,88<span class=\"_ _5\"></span>4<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>0<span class=\"_ _b2\"> </span><span class=\"ff72 ls33 ws3c\">2,952,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>49</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _205\"> </span>-<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>47<span class=\"_ _15a\"> </span>42,363<span class=\"_ _15f\"> </span><span class=\"ls19 ws16\">966,044<span class=\"_ _1e4\"> </span></span><span class=\"ff72\">1,045,9<span class=\"_ _8\"></span>54</span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _34\"> </span>-<span class=\"_ _91\"> </span>9,955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _299\"> </span>-<span class=\"_ _7f\"> </span>1,<span class=\"_ _5\"></span>715<span class=\"_ _15a\"> </span>23<span class=\"_ _5\"></span>,059<span class=\"_ _b1\"> </span><span class=\"ls13 ws9a\">2<span class=\"_ _3\"></span>,887<span class=\"_ _2\"></span>,89<span class=\"_ _3\"></span>2<span class=\"_ _1e4\"> </span><span class=\"ff72 ls33 ws3c\">2,91<span class=\"_ _2\"></span>2,666</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _29a\"> </span>-<span class=\"_ _202\"> </span>26,002<span class=\"_ _7a\"> </span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>19<span class=\"_ _15f\"> </span><span class=\"ls34 ws3e\">344,405<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _f6\"> </span>-<span class=\"_ _168\"> </span>-7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14e\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsf ws13\">2,508,01<span class=\"_ _8\"></span>1<span class=\"_ _89\"> </span><span class=\"ff72 ls33 ws3c\">2,5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>2,595</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _8f\"> </span>43<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _8f\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9<span class=\"_ _af\"> </span><span class=\"lsb wsc\">673,<span class=\"_ _5\"></span>026<span class=\"_ _af\"> </span><span class=\"ff72 ls8 ws8\">7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _1bf\"> </span>2<span class=\"_ _163\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1<span class=\"_ _14e\"> </span><span class=\"ls147 ws157\">6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _7a\"> </span><span class=\"ff72 ls38 ws41\">70,250</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTReconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _169\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span></span>-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _7a\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _1d\"> </span>2,434<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7a\"> </span><span class=\"ls8 ws8\">9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _95\"> </span><span class=\"ls84 ws92\">-4<span class=\"_ _5\"></span>65<span class=\"_ _35\"> </span><span class=\"ls1c ws26\">925<span class=\"_ _27\"> </span></span></span>-<span class=\"_ _c0\"> </span><span class=\"ff72 ls10 ws14\">460</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _15a\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>,15<span class=\"_ _5\"></span>3<span class=\"_ _7e\"> </span>3,<span class=\"_ _5\"></span>359<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ls16 ws1d\">90,564</span></span>associates",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-141-3": {
   "value": "Non-cur<span class=\"_ _5\"></span>rent liabilities<span class=\"ff61 ls19 ws16\"> increas<span class=\"_ _5\"></span>ed wi<span class=\"_ _5\"></span>th 228.<span class=\"_ _8\"></span>7 million </span>EUR of w<span class=\"_ _5\"></span>hich 21<span class=\"_ _2\"></span>1.9 milli<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>s rela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e in inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ing de<span class=\"_ _5\"></span>bt is r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of 4<span class=\"_ _5\"></span>40 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y of<span class=\"_ _4\"></span>fs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t by rei<span class=\"_ _5\"></span>mbur<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>emen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for 246 mil<span class=\"_ _5\"></span>lion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. The cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-b<span class=\"_ _5\"></span>earin<span class=\"_ _5\"></span>g debt decre<span class=\"_ _5\"></span>ased w<span class=\"_ _5\"></span>ith 90.<span class=\"_ _5\"></span>4 million EUR.T<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure (ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s (e.g<span class=\"_ _5\"></span>. by DEM<span class=\"_ _5\"></span>E Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s) and a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s as we<span class=\"_ _5\"></span>ll as through asset<span class=\"_ _8\"></span>-base<span class=\"_ _5\"></span>d loans.The t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al su<span class=\"_ _5\"></span>bor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an is co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y CTOW (an<span class=\"_ _5\"></span>d inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any). A<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dali<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es no f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>x ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e due<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as l<span class=\"_ _5\"></span>ong t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar before maturity date.Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly, DEM<span class=\"_ _5\"></span>E Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV, which s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es as i<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>use b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME-<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, h<span class=\"_ _5\"></span>as te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th ele<span class=\"_ _5\"></span>ven di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l ban<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s. S<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e doc<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>lly (no c<span class=\"_ _5\"></span>lub d<span class=\"_ _5\"></span>eal)<span class=\"_ _5\"></span>, catering for optima<span class=\"_ _3\"></span>l financing c<span class=\"_ _3\"></span>onditions and maximum<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>lexibilit<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>. The term loan facility documentation i<span class=\"_ _3\"></span>s identical for<span class=\"_ _3\"></span> all banks, apart from the amount, tenor a<span class=\"_ _3\"></span>nd commerci<span class=\"_ _3\"></span>al conditions.On May 2<span class=\"_ _5\"></span>0t<span class=\"_ _5\"></span>h, 2022, D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Cen<span class=\"_ _5\"></span>ter N<span class=\"_ _5\"></span>V ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y int<span class=\"_ _5\"></span>o bil<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>al te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es wer<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly dr<span class=\"_ _5\"></span>aw<span class=\"_ _5\"></span>n on Jun<span class=\"_ _5\"></span>e 1<span class=\"_ _8\"></span>5th<span class=\"_ _5\"></span>, 2022. The f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ing to 4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, is am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er ei<span class=\"_ _5\"></span>ght ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s (1<span class=\"_ _8\"></span>6 equ<span class=\"_ _5\"></span>al half<span class=\"_ _8\"></span>-yearly capital instalments) and is<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on the loan<span class=\"_ _3\"></span> documentation that was<span class=\"_ _8\"></span> us<span class=\"_ _5\"></span>ed for previous transactions, updated to<span class=\"_ _3\"></span> the new L<span class=\"_ _5\"></span>MA-<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndar<span class=\"_ _5\"></span>d, i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y KP<span class=\"_ _5\"></span>I\u2019s th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ced i<span class=\"_ _5\"></span>n all te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in F<span class=\"_ _5\"></span>ebr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 2022. The financial cov<span class=\"_ _3\"></span>enants applying to<span class=\"_ _3\"></span> the new credit<span class=\"_ _3\"></span> facilities are the<span class=\"_ _3\"></span> same as in<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>evious transactions.NE<span class=\"_ _5\"></span>T FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CIA<span class=\"_ _5\"></span>L D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>S DE<span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D BY THE G<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>P2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR / (-) is de<span class=\"_ _5\"></span>bit b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Subor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _fe\"> </span><span class=\"lsb wsc\">677<span class=\"_ _166\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>677<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">542<span class=\"_ _7e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>5<span class=\"_ _7e\"> </span></span></span>677</span>Lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (20))<span class=\"_ _139\"> </span>76<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _b9\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span>101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _159\"> </span>72,<span class=\"_ _5\"></span>275<span class=\"_ _15f\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _da\"> </span><span class=\"lsd9 wse4\">92<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>93</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _ff\"> </span>7<span class=\"_ _4\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _c8\"> </span><span class=\"ls7a ws88\">503<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>49<span class=\"_ _74\"> </span></span></span>2<span class=\"_ _5\"></span>17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls78 ws86\">721,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 1<span class=\"_ _15b\"> </span>6,<span class=\"_ _5\"></span>286<span class=\"_ _77\"> </span>31,315<span class=\"_ _152\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _235\"> </span>37,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _77\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _152\"> </span><span class=\"ls1ae ws1d4\">95<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>43</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 2<span class=\"_ _23f\"> </span><span class=\"ls1bf ws1e6\">19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _93\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _27d\"> </span><span class=\"ls1cd ws213\">50,<span class=\"_ _5\"></span>884<span class=\"_ _1ee\"> </span><span class=\"lsc9 wsd4\">50,<span class=\"_ _5\"></span>883<span class=\"_ _152\"> </span></span></span></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>07<span class=\"_ _93\"> </span><span class=\"ls1c7 ws1ef\">92,290</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 3<span class=\"_ _10a\"> </span>10<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>5<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span><span class=\"ls1eb ws214\">140,625<span class=\"_ _1dd\"> </span>140,625<span class=\"_ _93\"> </span></span>31,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _28a\"> </span><span class=\"lsbf wscb\">171,875</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 4<span class=\"_ _2c6\"> </span>15<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _77\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1b1 ws1d7\">2<span class=\"_ _5\"></span>01,<span class=\"_ _4\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _c7\"> </span>20<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>50<span class=\"_ _77\"> </span></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1ec ws215\">245<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 5<span class=\"_ _10a\"> </span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _93\"> </span>55,<span class=\"_ _3\"></span>000<span class=\"_ _1dd\"> </span>412<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 1 (*)<span class=\"_ _227\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _e0\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _164\"> </span><span class=\"lscb wsd6\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>573<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>673</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 2<span class=\"_ _297\"> </span>100<span class=\"_ _14e\"> </span>2,344<span class=\"_ _213\"> </span>2<span class=\"_ _3\"></span>,444<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>43<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4,6<span class=\"_ _5\"></span>87<span class=\"_ _1e7\"> </span><span class=\"ls1a9 ws1cf\">7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 3<span class=\"_ _297\"> </span>100<span class=\"_ _169\"> </span><span class=\"ls1ac ws1d2\">3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _169\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _a9\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 4<span class=\"_ _fa\"> </span><span class=\"ls1b0 ws1d6\">3,666<span class=\"_ _15a\"> </span></span><span class=\"ls3\">3,56<span class=\"_ _5\"></span>6<span class=\"_ _164\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _168\"> </span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _164\"> </span></span>3,566<span class=\"_ _152\"> </span><span class=\"ls1b2 ws1d8\">10,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 5<span class=\"_ _fa\"> </span>5,4<span class=\"_ _5\"></span>23<span class=\"_ _168\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1ef ws218\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _168\"> </span>9,<span class=\"_ _4\"></span>615<span class=\"_ _a9\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span><span class=\"ls1ac ws1d2\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 6<span class=\"_ _150\"> </span><span class=\"ls1ab ws1d1\">25,220<span class=\"_ _93\"> </span><span class=\"ls1ed ws216\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _152\"> </span></span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span></span>50,3<span class=\"_ _5\"></span>40</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 7<span class=\"_ _10b\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _14e\"> </span>6,<span class=\"_ _5\"></span>225<span class=\"_ _27d\"> </span><span class=\"ls1c4 ws1ec\">25,000<span class=\"_ _26\"> </span></span><span class=\"ls3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-</span>O<span class=\"_ _5\"></span>ther l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m b<span class=\"_ _5\"></span>ank lo<span class=\"_ _5\"></span>ans<span class=\"_ _242\"> </span>8,466<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _152\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07<span class=\"_ _152\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _169\"> </span><span class=\"ls1f1 ws21a\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">21,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _208\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _77\"> </span></span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _235\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _235\"> </span></span>1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4</span>Shor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _201\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _b2\"> </span><span class=\"ls75 ws82\">105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _b2\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t-term bank loans<span class=\"_ _5f\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _1df\"> </span><span class=\"ls1b2 ws1d8\">10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span>10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term commercial paper<span class=\"_ _2c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _12c\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span><span class=\"ls4c ws5f\">252,870<span class=\"_ _ad\"> </span></span>1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _89\"> </span><span class=\"ls34 ws3e\">343,340<span class=\"_ _89\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term deposi<span class=\"_ _5\"></span>ts<span class=\"_ _f4\"> </span>-<span class=\"_ _73\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _73\"> </span>-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _1df\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span>Cas<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>ank and i<span class=\"_ _5\"></span>n hand<span class=\"_ _f6\"> </span>-<span class=\"_ _110\"> </span><span class=\"ls1b ws24\">-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1de\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _31\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"ls56 ws5e\">-<span class=\"_ _5\"></span>514<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1de\"> </span>-514<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _242\"> </span>-<span class=\"_ _ac\"> </span><span class=\"lsb wsc\">-5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>61<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _166\"> </span></span>-<span class=\"_ _ac\"> </span><span class=\"ls4c ws5f\">-52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632<span class=\"_ _ac\"> </span>-528<span class=\"_ _5\"></span>,632</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal net financial debt<span class=\"_ _13a\"> </span>789,90<span class=\"_ _5\"></span>4<span class=\"_ _ac\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>91<span class=\"_ _89\"> </span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _b2\"> </span><span class=\"ls1a4 ws1cb\">5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _1de\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c8\"> </span></span></span></span>392<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>678</span>(*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1BA<span class=\"_ _5\"></span>NK D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T SECU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ITI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Guarante<span class=\"_ _5\"></span>ed deb<span class=\"_ _5\"></span>t<span class=\"_ _10b\"> </span><span class=\"ls76 ws84\">7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>515<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span></span></span></span>311<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span>8<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> </span>Secured<span class=\"_ _3\"></span> debt<span class=\"_ _1eb\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _1ee\"> </span></span>6,<span class=\"_ _5\"></span>250 <span class=\"_ _93\"> </span><span class=\"ls1c ws26\">9,<span class=\"_ _5\"></span>375<span class=\"_ _5\"></span> </span></span>Unguarante<span class=\"_ _5\"></span>ed-<span class=\"_ _5\"></span>unse<span class=\"_ _5\"></span>cured deb<span class=\"_ _5\"></span>t<span class=\"_ _119\"> </span>78<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>63 <span class=\"_ _1df\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls75 ws82\">103<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _1dd\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>741<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span></span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _122\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _1e3\"> </span><span class=\"ls4c ws5f\">252,8<span class=\"_ _5\"></span>70 <span class=\"_ _289\"> </span></span>1,<span class=\"_ _3\"></span>042,7<span class=\"_ _8\"></span>7<span class=\"_ _3\"></span>4 <span class=\"_ _14f\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1de\"> </span><span class=\"ls34 ws3e\">343,340 <span class=\"_ _14f\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310 </span></span>Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y to t<span class=\"_ _5\"></span>he wa<span class=\"_ _5\"></span>y DEME f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e 201<span class=\"_ _8\"></span>5, w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>eby f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME l<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r a ban<span class=\"_ _5\"></span>k (or a few b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s) and p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed ha<span class=\"_ _5\"></span>rd s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s (su<span class=\"_ _5\"></span>ch as m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s), no s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (oth<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e DEME N<span class=\"_ _5\"></span>V pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e) are p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>is of<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>rs ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum fl<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h can b<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d intr<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p and c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>.DE<span class=\"_ _5\"></span>BT M<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>Y S<span class=\"_ _5\"></span>CH<span class=\"_ _5\"></span>ED<span class=\"_ _5\"></span>UL<span class=\"_ _5\"></span>E OF T<span class=\"_ _5\"></span>OT<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>L LON<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>-<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>M FIN<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NC<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>L LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESMo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n on<span class=\"_ _5\"></span>e (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearSubor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"lsb wsc\">677<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"lsb wsc\">677</span></span>Leas<span class=\"_ _5\"></span>e liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _dd\"> </span>35,31<span class=\"_ _2\"></span>5 <span class=\"_ _202\"> </span>41,0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _257\"> </span>140<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>570<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _da\"> </span><span class=\"lsc wsd\">93<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>351</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span></span>-<span class=\"_ _cc\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal long-term financia<span class=\"_ _5\"></span>l liabilities<span class=\"_ _ba\"> </span>1<span class=\"_ _8\"></span>75,809<span class=\"_ _8\"></span> <span class=\"_ _159\"> </span>61<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>95 <span class=\"_ _b9\"> </span><span class=\"ls4c ws5f\">252<span class=\"_ _5\"></span>,870<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4 </span></span>The i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n EURI<span class=\"_ _5\"></span>BO<span class=\"_ _5\"></span>R pl<span class=\"_ _5\"></span>us a mar<span class=\"_ _5\"></span>gin w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is up<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ea<span class=\"_ _5\"></span>ch s<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ter f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng DE<span class=\"_ _5\"></span>ME\u2019s leve<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>his f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oat<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e, i<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s (note (1<span class=\"_ _8\"></span>9)<span class=\"_ _3\"></span>). Th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s is f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se liabilities a<span class=\"_ _3\"></span>nd other long-te<span class=\"_ _3\"></span>rm loans.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Initial amount<span class=\"_ _14f\"> </span><span class=\"ls1b7 ws1dc\">Dating from<span class=\"_ _1e3\"> </span><span class=\"ls1b6 ws1db\">Ma<span class=\"_ _5\"></span>turity till</span></span>Long-term<span class=\"_ _3\"></span> loan facilitiesLon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 1<span class=\"_ _2c8\"> </span>4<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>,000 <span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">2015-2<span class=\"_ _5\"></span>017<span class=\"_ _258\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 2<span class=\"_ _2c8\"> </span>2<span class=\"_ _8\"></span>40,000 <span class=\"_ _7e\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>018<span class=\"_ _245\"> </span><span class=\"ls58 ws61\">2025</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 3<span class=\"_ _2c9\"> </span>250<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 4<span class=\"_ _2c9\"> </span>350<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 5<span class=\"_ _2ca\"> </span>440,000 <span class=\"_ _91\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022<span class=\"_ _258\"> </span><span class=\"lsb wsc\">203<span class=\"_ _5\"></span>0</span></span>1<span class=\"_ _3\"></span>,<span class=\"_ _8\"></span>71<span class=\"_ _8\"></span>5,000<span class=\"_ _3\"></span> Asset-based loansA<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 1 (*)<span class=\"_ _1c8\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span>20<span class=\"_ _5\"></span>18<span class=\"_ _96\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 2<span class=\"_ _252\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span><span class=\"ls55 ws5d\">20<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 3<span class=\"_ _136\"> </span>1<span class=\"_ _8\"></span>5,352 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _245\"> </span><span class=\"ls7a ws88\">2027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 4<span class=\"_ _252\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 5<span class=\"_ _252\"> </span>1<span class=\"_ _8\"></span>8,000 <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 6<span class=\"_ _252\"> </span>50,340 <span class=\"_ _7f\"> </span><span class=\"ls12 ws17\">2021<span class=\"_ _258\"> </span><span class=\"ls58 ws61\">202<span class=\"_ _5\"></span>9</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 7<span class=\"_ _252\"> </span>25<span class=\"_ _8\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">2022<span class=\"_ _96\"> </span><span class=\"lsb wsc\">2030</span></span>1<span class=\"_ _3\"></span>60,296 (*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.In lin<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>EME\u2019s su<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y go<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s into s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y-l<span class=\"_ _5\"></span>inked l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tot<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ing 8<span class=\"_ _5\"></span>43 milli<span class=\"_ _5\"></span>on EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2022. Th<span class=\"_ _5\"></span>is maj<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>ighl<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ts D<span class=\"_ _5\"></span>EME\u2019s v<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on to r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>wo m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cs r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by the l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de L<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>FR an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>ow c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>bon f<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>ne me<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t and o<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w, the im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or 2022 is n<span class=\"_ _5\"></span>eut<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l.FINANCIAL<span class=\"_ _8\"></span> CO<span class=\"_ _8\"></span>VENANTSThe s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es is a<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e for t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 as wel<span class=\"_ _5\"></span>l as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up <span class=\"ff73 ls116 ws9d\">complies</span> wit<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _8\"></span>25%<span class=\"_ _3\"></span>), th<span class=\"_ _5\"></span>e deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EBIT<span class=\"_ _5\"></span>DA ra<span class=\"_ _5\"></span>tio (&lt;<span class=\"_ _8\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), tha<span class=\"_ _5\"></span>t wer<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d upo<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>.The <span class=\"ff73 ls3 ws3\">sol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">th<span class=\"_ _5\"></span>at sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d be h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 25% is comp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s\u2019 e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y le<span class=\"_ _5\"></span>ss in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ded b<span class=\"_ _5\"></span>y </span></span>the b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 38.<span class=\"_ _8\"></span>1% (id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to 2021<span class=\"_ _8\"></span>: 38<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>%).The <span class=\"ff75 ls3 ws3\">deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d as to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t (wit<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut s<span class=\"_ _5\"></span>ubo<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s) div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d by EB<span class=\"_ _5\"></span>ITDA<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>ld b<span class=\"_ _5\"></span>e </span></span>low<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an 3. T<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>/EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 1.09 (2021<span class=\"_ _8\"></span>: 0.<span class=\"_ _5\"></span>83).The <span class=\"ff73 ls15d ws172\">interest c<span class=\"_ _8\"></span>over ratio<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>put<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s EBIT<span class=\"_ _5\"></span>DA div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es (in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me), sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d </span></span>be hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n 3. Th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r rat<span class=\"_ _5\"></span>io a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22 was 53.<span class=\"_ _5\"></span>3 (202<span class=\"_ _3\"></span>1: 1<span class=\"_ _2\"></span>71<span class=\"_ _3\"></span>.3).CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T FA<span class=\"_ _8\"></span>C<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D BA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>K TER<span class=\"_ _5\"></span>M LOAN<span class=\"_ _5\"></span>SAt Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bu<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>raw<span class=\"_ _5\"></span>n ba<span class=\"_ _5\"></span>nk cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>or am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>p to 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H A<span class=\"_ _5\"></span>ND C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H EQU<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late t<span class=\"_ _5\"></span>o cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at DEM<span class=\"_ _5\"></span>E\u2019s inte<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV, but also at operational<span class=\"_ _3\"></span> subsidiaries and<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Therefore, a portion of the consolidated cash<span class=\"_ _3\"></span> and cash equ<span class=\"_ _3\"></span>ivalents is not always immediately a<span class=\"_ _8\"></span>v<span class=\"_ _5\"></span>ailable<span class=\"_ _3\"></span> as a result<span class=\"_ _3\"></span> of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>stric<span class=\"_ _5\"></span>tions.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ash av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 388<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f 522.3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR cas<span class=\"_ _5\"></span>h &amp; ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 134.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot imm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>ly av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e. At the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021 the cas<span class=\"_ _5\"></span>h tha<span class=\"_ _5\"></span>t is imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 405 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f 528.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h not i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>23.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndLIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-150-5": {
   "value": "For the movement in provisions (mainly warranty provisions) reference is made to note (23) Provisions. More information about the retirement benefit obligations can be found in note (21).OTHER OPERATING EXPENSES(in thousands of EUR)2022 2021Loss on disposal of financial fixed assets 17 -Loss on sale of property, plant and equipment 440 10Movement in amounts written off inventories and trade receivables -5,428  3,185 Movement in retirement benefit obligations 505  1,146Movement in provisions 4,389  13,013 Other operating expenses 26,607  29,591 Total other operating expenses 26,529  46,945 NOTE 2 \u2013 OTHER OPERATING INCOME AND EXPENSESBalance at December 31NOTE 10 \u2013 CURRENT TAXES AND DEFERRED TAXESBalance at December 31DEFERRED TAX ASSETS AND LIABILITIES SPLIT BY ORIGINThe changes of the period of deferred tax assets and liabilities split by their origin is set out below.Deferred taxes (both assets and liabilities) related to fixed assets are presented separately. These deferred tax positions relate to both temporary differences between the statutory carrying amount and the carrying amount under the DEME group depreciation policy and impairment corrections on fixed assets.Deferred taxes regarding employee benefits (only deferred tax assets) are related to the provision booked for employee benefits according to to IAS 19 employee benefits.The column reversal statutory provision is mainly related to the reversal of the statutory provisions for repair and maintenance which are not allowed under IFRSs.Deferred taxes on other timing differences mainly relate to consolidation adjustments on running projects.Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. These provisions for uncertain tax positions (UTP) are booked as a deferred tax liability. In this regard, management considers UTP\u2019s individually, based on an approach which provides the best prediction of the resolution of the uncertainties with the tax authority. For 2022 (and 2021) each UTP has been measured using the most likely single amount. Currently, the major UTP\u2019s relate to ongoing tax litigations in the Philippines, India, and Nigeria.Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. The deferred tax assets for tax losses and tax credits are booked separately. For a breakdown of the (un)recognised tax losses, see further section in this note.Deferred tax assets and liabilities regarding financial derivatives only concern fully consolidated companies, see also the section regarding other comprehensive income.2022 Long Tangible Reversal Other (in thousands of EUR) Employee Financial term tax fixed statutory timing Netting Totalbenefitsderivativesaccruals Deferred tax liabilities  assetsprovision differences(UTP)related toBalance at January 1 54,217 - 65 7,577 29,627 9,126 -26,399 74,213Recognised in income statement -19,975 - 14,350 -7,113 -5,549 4,144 - -14,143Charged to equity - - - - - - - -Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - -388 - -388Netting (*) - - - - - - 7,467 7,467Transfer - - - - - - - -Balance at December 31 34,242 - 14,415 464 24,078 12,882 -18 ,932 67,149Tax credits Tangible Other Deferred tax assets  Employee Financial and impact fixed Tax los sestiming Netting Totalrelated toassetsbenefitsderivativesof notional differencesinterestBalance at January 1 26,180 13,218 1,293 48,773 17,634 54,251 -26,399 134,950Recognised in income statement -3,685 -19 14,193 1,547 -450 -13,179 - -1,593Charged to equity - -1,294 -15,122 - - - - -16,416Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - -20 - -20Netting (*) - - - - - - 7,467 7,467Transfer - 2,306 - - - -2,306 - -Balance at December 31 22,495 14,211 364 50,320 17,184 38,746 -18,932 124,388(*) The tax netting item reflects the netting of deferred tax assets and liabilities per entity.2021 Long Tangible Reversal Other (in thousands of EUR) Employee Financial term tax fixed statutory timing Netting Totalbenefitsderivativesaccruals Deferred tax liabilities  assetsprovisiondifferences(UTP)related toBalance at January 1 60,676 - 364 570 36,748 6,676 -57,677 47,358Recognised in income statement -6,460 - -299 7,007 -7,120 2,073 - -4,799Charged to equity - - - - - - - -Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - 377 - 377Netting (*) - - - - - - 31,278 31,278Transfer - - - - - - - -Balance at December 31 54,216 - 65 7,577 29,628 9,126 -26,399 74,214Tax credits Tangible Other Deferred tax assets  Employee Financial and impact fixed Tax los sestiming Netting Totalrelated toassetsbenefitsderivativesof notional differencesinterestBalance at January 1 27,546 12,584 3,467 46,723 16,231 47,544 -57,677 96,418Recognised in income statement -1,366 375 -348 2,049 1,403 6,707 - 8,820Charged to equity - 259 -1,826 - - - - -1,567Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - - - -Netting (*) - - - - - - 31,278 31,278Transfer - - - - - - - -Balance at December 31 26,180 13,218 1,293 48,772 17,634 54,251 -26,399 134,949(*) The tax netting item reflects the netting of deferred tax assets and liabilities per entity.PROVISIONS(in thousands of EUR)Warranties Other2022 2021Balance at January 1 37,378  5,932  43,310  30,297 Arising during the year 5,153  895  6,048 13,213 Utilised during the year -1,659 - -1,659 -200Unused amounts reversed - - - -Balance at December 31 40,872  6,827  47,699  43,310 Current 4,714  - 4,714  3,738Non-current 36,158  6,827  42,985  39,572 NOTE 23 \u2013 PROVISIONS AND CONTINGENT ASSETS AND LIABILITIESReference is made to the summary of principal accounting policies for information about the provisions.There is no formal plan for restructuring. The dismissal provisions in the normal course of business that exist at the end of the period are immaterial and are booked as remuneration and social charges.The other provisions are all related to the Environmental segment and the warranties (all assurance type warranties) are related to the Offshore Energy segment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-150-6": {
   "value": "For t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> (mainly<span class=\"_ _3\"></span> warranty pro<span class=\"_ _3\"></span>visions<span class=\"_ _3\"></span>) <span class=\"ff70 lsb1 wsbe\">reference<span class=\"_ _3\"></span> is made<span class=\"_ _3\"></span> to note (<span class=\"_ _8\"></span>23<span class=\"_ _3\"></span>) Provisions. More information a<span class=\"_ _3\"></span>bout the </span></span>retirement benefit obligations<span class=\"_ _8\"></span> <span class=\"ff70 ls3 ws3\">c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und in n<span class=\"_ _5\"></span>ote (21<span class=\"_ _8\"></span>).</span>OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PE<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>ES(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Los<span class=\"_ _5\"></span>s on di<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>al of f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _256\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _1e6\"> </span></span>-Los<span class=\"_ _5\"></span>s on s<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>e of pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>ent<span class=\"_ _1ac\"> </span><span class=\"ls81 ws8f\">440<span class=\"_ _153\"> </span><span class=\"ls75 ws82\">10</span></span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inve<span class=\"_ _5\"></span>nto<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-5,<span class=\"_ _5\"></span>428 <span class=\"_ _186\"> </span>3,<span class=\"_ _8\"></span>185 Movement in<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>tirement benefit obligations<span class=\"_ _58\"> </span><span class=\"ls57 ws60\">505 <span class=\"_ _186\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6</span></span>Movement in<span class=\"_ _8\"></span> prov<span class=\"_ _5\"></span>isions<span class=\"_ _278\"> </span><span class=\"ls3 ws3\">4,38<span class=\"_ _5\"></span>9 <span class=\"_ _5e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other o<span class=\"_ _8\"></span>perating expe<span class=\"_ _3\"></span>nses<span class=\"_ _279\"> </span><span class=\"ls3f ws67\">26<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls5c ws65\">29<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>591 </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al other o<span class=\"_ _3\"></span>perating expenses<span class=\"_ _27a\"> </span><span class=\"ls4c ws5f\">26,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>9 <span class=\"_ _40\"> </span><span class=\"ls13 ws9a\">4<span class=\"_ _5\"></span>6,945 </span></span>NOTE 2 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R OP<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>INCOM<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND E<span class=\"_ _5\"></span>X<span class=\"_ _5\"></span>PEN<span class=\"_ _5\"></span>SESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Personnel expenses<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)</span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration<span class=\"_ _27c\"> </span><span class=\"ls79 ws87\">428<span class=\"_ _5\"></span>,95<span class=\"_ _5\"></span>4 <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">416<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>97<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> </span></span>Soc<span class=\"_ _5\"></span>ial charges<span class=\"_ _1fc\"> </span><span class=\"ls7f ws8d\">61,769 <span class=\"_ _5e\"> </span><span class=\"ls147 ws157\">5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> </span></span>Pens<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span> expenses<span class=\"_ _260\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _8\"></span>5,020 <span class=\"_ _4b\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>4,275<span class=\"_ _8\"></span> </span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _204\"> </span><span class=\"ls5a ws63\">5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>896 </span></span>In 2021 DEME p<span class=\"_ _5\"></span>aid an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt to t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian t<span class=\"_ _5\"></span>ax au<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>ipt o<span class=\"_ _5\"></span>f co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g pr<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>r year<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed in r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>pla<span class=\"_ _5\"></span>ins w<span class=\"_ _5\"></span>hy th<span class=\"_ _5\"></span>e incr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se in p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>onn<span class=\"_ _5\"></span>el e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s is lo<span class=\"_ _5\"></span>wer t<span class=\"_ _5\"></span>han th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n aver<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e headcount.NOTE 3 <span class=\"_ _5\"></span>\u2013 PER<span class=\"_ _5\"></span>SO<span class=\"_ _5\"></span>NN<span class=\"_ _5\"></span>EL E<span class=\"_ _5\"></span>XP<span class=\"_ _5\"></span>ENS<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>EMPLOYMENTBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES S<span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>IT BY O<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>GI<span class=\"_ _5\"></span>NThe c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ges o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d o<span class=\"_ _5\"></span>f def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s spl<span class=\"_ _5\"></span>it by t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ir or<span class=\"_ _5\"></span>igin i<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low.De<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>s (bo<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s) rel<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"ff70\"> ar<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ed s<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y. Thes<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o </span>bo<span class=\"_ _5\"></span>th te<span class=\"_ _5\"></span>mpo<span class=\"_ _5\"></span>rar<span class=\"_ _4\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ces b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>y c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>yi<span class=\"_ _5\"></span>ng am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e DEME g<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p dep<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ciat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n policy and impairment<span class=\"_ _3\"></span> corrections on fixed asset<span class=\"_ _5\"></span>s.Deferred taxes<span class=\"_ _3\"></span> regarding emplo<span class=\"_ _8\"></span>yee benefit<span class=\"_ _5\"></span>s<span class=\"ff70 ls3 ws3\"> (<span class=\"_ _3\"></span>onl<span class=\"_ _5\"></span>y de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s) are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ion b<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>oked f<span class=\"_ _5\"></span>or em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts </span>acco<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its<span class=\"_ _5\"></span>.The colum<span class=\"_ _3\"></span>n <span class=\"ff73 ls15d ws172\">rev<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>sal statutory provision<span class=\"_ _8\"></span><span class=\"ff70 ls3 ws3\"> i<span class=\"_ _5\"></span>s main<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the r<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atu<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y pr<span class=\"_ _5\"></span>ovi<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>or re<span class=\"_ _5\"></span>pai<span class=\"_ _5\"></span>r and m<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>enan<span class=\"_ _5\"></span>ce </span></span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e no<span class=\"_ _5\"></span>t allo<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>d und<span class=\"_ _5\"></span>er IFR<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes o<span class=\"_ _5\"></span>n <span class=\"ff73 ls116 ws9d\">other timing differences</span><span class=\"lsb1 wsbe\"> mainly relat<span class=\"_ _3\"></span>e to c<span class=\"_ _3\"></span>onsolidation adjustments on runni<span class=\"_ _3\"></span>ng projects<span class=\"_ _5\"></span>.</span>Management periodically e<span class=\"_ _3\"></span>valuates positions tak<span class=\"_ _3\"></span>en in<span class=\"_ _3\"></span> the tax returns with respect to situ<span class=\"_ _3\"></span>ations in whi<span class=\"_ _3\"></span>ch applicable<span class=\"_ _3\"></span> tax regulations are subject to<span class=\"_ _8\"></span> interpretation and establishes provisions<span class=\"_ _3\"></span> where appropriate.<span class=\"_ _8\"></span> Thes<span class=\"_ _5\"></span>e <span class=\"ff73 ls1d4 ws1fa\">provisions<span class=\"_ _8\"></span> for uncertain tax<span class=\"_ _3\"></span> positions (<span class=\"_ _8\"></span>UTP)<span class=\"ff70 ls3 ws3\"> are </span></span>bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. In thi<span class=\"_ _5\"></span>s reg<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>, man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s UT<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>\u2019s indi<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>dual<span class=\"_ _5\"></span>ly, bas<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n an ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h whi<span class=\"_ _5\"></span>ch pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>st p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>lut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e unce<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aint<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>x au<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y. For 2022 (and 2021<span class=\"_ _2\"></span>) e<span class=\"_ _5\"></span>ach U<span class=\"_ _5\"></span>TP ha<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>en m<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d usi<span class=\"_ _5\"></span>ng the most lik<span class=\"_ _3\"></span>ely single a<span class=\"_ _3\"></span>mount. Currently<span class=\"_ _8\"></span>, the major<span class=\"_ _3\"></span> UTP\u2019s relate t<span class=\"_ _3\"></span>o ongoing tax l<span class=\"_ _3\"></span>itigations in<span class=\"_ _3\"></span> the Phili<span class=\"_ _3\"></span>ppines, India, and N<span class=\"_ _3\"></span>igeria.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or al<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>arr<span class=\"_ _4\"></span>y fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd of u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed <span class=\"ff73 ls1df ws15f\">tax credits</span> and any unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d tax losses<span class=\"ff70 ls3 ws3\">. Def<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t it is p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>bab<span class=\"_ _5\"></span>le th<span class=\"_ _5\"></span>at t<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the </span>ded<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>emp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of unu<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d unus<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>ax c<span class=\"_ _5\"></span>red<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d sep<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>ly. For a b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>kdow<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he (un)re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion i<span class=\"_ _5\"></span>n this note.De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>gar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g <span class=\"ff73 ls116 ws9d\">financial derivatives</span><span class=\"lsb1 wsbe\"> only conc<span class=\"_ _3\"></span>ern fully consolidated<span class=\"_ _3\"></span> companies, see also the section </span>regarding<span class=\"_ _3\"></span> other compre<span class=\"_ _3\"></span>hensive inc<span class=\"_ _3\"></span>ome.2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovision differences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _168\"> </span>-<span class=\"_ _27d\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1dc\"> </span>29,627<span class=\"_ _28d\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14b\"> </span><span class=\"ls79 ws87\">-26<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _1bf\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _289\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span>0<span class=\"_ _ac\"> </span><span class=\"ls7e ws8c\">-7,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span><span class=\"ls7a ws88\">-5,5<span class=\"_ _5\"></span>49<span class=\"_ _ad\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _a9\"> </span></span></span>-<span class=\"_ _1f7\"> </span><span class=\"ff72 ls5b ws64\">-<span class=\"_ _8\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _8\"></span>14<span class=\"_ _5\"></span>3</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _168\"> </span></span>-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls7f ws8d\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _202\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _120\"> </span><span class=\"ls16 ws1d\">34,242<span class=\"_ _164\"> </span></span>-<span class=\"_ _1f9\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>15<span class=\"_ _73\"> </span>464<span class=\"_ _143\"> </span>24,078<span class=\"_ _14c\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_\"> </span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _28d\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _165\"> </span>26,<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>80<span class=\"_ _1f9\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,2<span class=\"_ _5\"></span>93<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,77<span class=\"_ _5\"></span>3<span class=\"_ _1e5\"> </span><span class=\"ls1a4 ws1cb\">17,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _14c\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-26,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>13<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _41\"> </span>-3<span class=\"_ _5\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _159\"> </span>-1<span class=\"_ _5\"></span>9<span class=\"_ _ad\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _110\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>47<span class=\"_ _1df\"> </span><span class=\"ls7a ws88\">-45<span class=\"_ _5\"></span>0<span class=\"_ _1ef\"> </span></span>-1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ad\"> </span><span class=\"ff72 ls6b ws78\">-<span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>593</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _149\"> </span>-1,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls7e ws8c\">-15<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>2<span class=\"_ _1e7\"> </span></span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _157\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _8\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _111\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _168\"> </span></span>-<span class=\"_ _28a\"> </span><span class=\"ff72 ls79 ws87\">-20</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _163\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _ac\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _b0\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e0\"> </span><span class=\"ls59 ws62\">2,30<span class=\"_ _5\"></span>6<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _7f\"> </span>-<span class=\"_ _1f7\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _168\"> </span></span>-<span class=\"_ _164\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span>22,495<span class=\"_ _289\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _ae\"> </span>364<span class=\"_ _1f2\"> </span>50,320<span class=\"_ _1e0\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _157\"> </span></span>38<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>6<span class=\"_ _157\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _bb\"> </span><span class=\"ls10 ws14\">1<span class=\"_ _2\"></span>24,388</span></span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES R<span class=\"_ _5\"></span>ECOR<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>ED I<span class=\"_ _5\"></span>N OTH<span class=\"_ _5\"></span>ER CO<span class=\"_ _5\"></span>MP<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>VE I<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>EThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he it<span class=\"_ _5\"></span>ems t<span class=\"_ _5\"></span>hey r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to, w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er comprehensive inc<span class=\"_ _3\"></span>ome:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>60<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>577<span class=\"_ _202\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _213\"> </span><span class=\"ls7a ws88\">45,455</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _101\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">3,953</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _27c\"> </span>65,<span class=\"_ _5\"></span>824<span class=\"_ _152\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _202\"> </span><span class=\"ls3 ws3\">49,4<span class=\"_ _5\"></span>08</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _212\"> </span>6<span class=\"_ _5\"></span>,408<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _7e\"> </span><span class=\"ls7c ws8a\">4,<span class=\"_ _5\"></span>582</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _10b\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _20\"> </span><span class=\"ls4b ws53\">259<span class=\"_ _95\"> </span><span class=\"ls16 ws1d\">-846</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _1b2\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>03<span class=\"_ _164\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _7e\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Long T<span class=\"_ _8\"></span>angible Revers<span class=\"_ _5\"></span>al Other (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) Employee Financial te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d statutory timing Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>benefit<span class=\"_ _5\"></span>sderivativesaccruals Deferred tax liabilities<span class=\"_ _8\"></span> <span class=\"ls3 ws3\"> </span>assetsprovisiondifferences(UT<span class=\"_ _5\"></span>P)related toBalance at January 1<span class=\"_ _28c\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>676<span class=\"_ _169\"> </span>-<span class=\"_ _15c\"> </span>364<span class=\"_ _ae\"> </span>570<span class=\"_ _1f9\"> </span><span class=\"ls5a ws63\">3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span></span>6,<span class=\"_ _5\"></span>676<span class=\"_ _157\"> </span><span class=\"ls1a4 ws1cb\">-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1e9\"> </span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8</span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _29\"> </span>-<span class=\"_ _5\"></span>6,460<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _89\"> </span><span class=\"ls88 ws96\">-29<span class=\"_ _5\"></span>9<span class=\"_ _b0\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _1e0\"> </span><span class=\"ls7e ws8c\">-<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _2b0\"> </span><span class=\"ls3f ws67\">2,<span class=\"_ _5\"></span>073<span class=\"_ _168\"> </span></span></span></span></span>-<span class=\"_ _234\"> </span><span class=\"ff72 ls5c ws65\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ls1c ws26\">377<span class=\"_ _168\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ff72 ls4c ws5f\">37<span class=\"_ _5\"></span>7</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _1e6\"> </span><span class=\"lsd9 wse4\">54<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>216<span class=\"_ _168\"> </span></span>-<span class=\"_ _af\"> </span>65<span class=\"_ _ac\"> </span>7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span>29,628<span class=\"_ _b0\"> </span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _14c\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _289\"> </span><span class=\"ls5a ws63\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>x c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s T<span class=\"_ _8\"></span>angible Other De<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s  Employee Financial an<span class=\"_ _5\"></span>d im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d Ta<span class=\"_ _4\"></span>x<span class=\"_ _5\"></span> l<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>s<span class=\"_\"> </span>s<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>stiming Nettin<span class=\"_ _5\"></span>g<span class=\"_ _c8\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span>related toassetsbenefit<span class=\"_ _5\"></span>sderivativesof notional differencesinteres<span class=\"_ _5\"></span>tBalance at January 1<span class=\"_ _280\"> </span><span class=\"ls1a4 ws1cb\">2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _1f9\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _2b1\"> </span><span class=\"lsd wsf\">3,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67<span class=\"_ _1ed\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>23<span class=\"_ _1f9\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>31<span class=\"_ _1f9\"> </span></span></span></span></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _2b2\"> </span>-<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>418</span></span>Recognise<span class=\"_ _5\"></span>d in income statement<span class=\"_ _43\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _1dd\"> </span>375<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>2,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>49<span class=\"_ _ac\"> </span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03<span class=\"_ _b0\"> </span>6<span class=\"_ _4\"></span>,70<span class=\"_ _5\"></span>7<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e5\"> </span><span class=\"ff72 lsf ws13\">8,<span class=\"_ _5\"></span>820</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d to equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _10b\"> </span>-<span class=\"_ _ae\"> </span>259<span class=\"_ _149\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _a9\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span>Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion s<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>pe or m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>hod<span class=\"_ _2e\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span>Exchange dif<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>erences<span class=\"_ _2ae\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Netting (*)<span class=\"_ _223\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _1e9\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8<span class=\"_ _1f9\"> </span><span class=\"ff72 ls6b ws78\">31,<span class=\"_ _5\"></span>27<span class=\"_ _5\"></span>8</span></span>Tr<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>n<span class=\"_ _7\"></span>s<span class=\"_ _4\"></span>f<span class=\"_ _7\"></span>e<span class=\"_ _4\"></span>r<span class=\"_ _2af\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span><span class=\"ff72\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _f2\"> </span>26,<span class=\"_ _2\"></span>180<span class=\"_ _1ed\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _ac\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>293<span class=\"_ _1f9\"> </span><span class=\"ls5c ws65\">4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>72<span class=\"_ _289\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _1f9\"> </span><span class=\"ls69 ws75\">5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>51<span class=\"_ _1ef\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>99<span class=\"_ _10e\"> </span></span></span></span></span></span>134<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9</span>(*) T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g it<span class=\"_ _5\"></span>em re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>er e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.NOTE 21 \u2013 RETI<span class=\"_ _5\"></span>REM<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>BEN<span class=\"_ _5\"></span>EFIT <span class=\"_ _5\"></span>OBL<span class=\"_ _5\"></span>IG<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIO<span class=\"_ _5\"></span>NSThe D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s to pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>y ret<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pla<span class=\"_ _5\"></span>ns in s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>ral o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s in wh<span class=\"_ _5\"></span>ich i<span class=\"_ _5\"></span>t op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se b<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>nis<span class=\"_ _5\"></span>ed in a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdan<span class=\"_ _5\"></span>ce w<span class=\"_ _5\"></span>ith I<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S 19 employee ben<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>its.Ab<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t 80% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it ob<span class=\"_ _5\"></span>lig<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>ral occupational pension<span class=\"_ _3\"></span> plans in<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>avour<span class=\"_ _3\"></span> of these employees:- <span class=\"_ _a7\"> </span>The pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e <span class=\"ff73 lse1 ws44\">\u201cdefined<span class=\"_ _8\"></span> benef<span class=\"_ _5\"></span>it\u201d <span class=\"ff70 ls3 ws3\">are f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>ith<span class=\"_ _5\"></span>er t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh a </span><span class=\"ls13 ws9a\">group insurance <span class=\"ff70 ls3 ws3\">br<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>h 21 eith<span class=\"_ _5\"></span>er thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a </span></span></span>comp<span class=\"_ _5\"></span>any p<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fun<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the <span class=\"ff73 ls1d4 ws1fa\">pension fund </span>\u201cKB<span class=\"_ _5\"></span>C Pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on Fun<span class=\"_ _5\"></span>d S<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice d<span class=\"_ _5\"></span>eel<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>\u201d hav<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>en es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>imat<span class=\"_ _5\"></span>ed st<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket va<span class=\"_ _5\"></span>lue a<span class=\"_ _5\"></span>s at No<span class=\"_ _5\"></span>vemb<span class=\"_ _5\"></span>er 3<span class=\"_ _5\"></span>0, 2022, re<span class=\"_ _5\"></span>por<span class=\"_ _4\"></span>te<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t man<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, t<span class=\"_ _5\"></span>ak<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nto a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>nne<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e year a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g a 0% f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l re<span class=\"_ _5\"></span>turn f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>h of D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 2022. As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nsu<span class=\"_ _5\"></span>red pla<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e cal<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>er p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>on as t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>mum o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>al r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the p<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt va<span class=\"_ _5\"></span>lue a<span class=\"_ _5\"></span>t the d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te of t<span class=\"_ _5\"></span>he acc<span class=\"_ _5\"></span>rue<span class=\"_ _5\"></span>d b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 para<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph 1<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5, wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>n the d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>coun<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te on t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ent v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t exce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>s the m<span class=\"_ _5\"></span>ath<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, to ta<span class=\"_ _5\"></span>ke into a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt t<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ult r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any. T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>The DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup al<span class=\"_ _5\"></span>so s<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s pe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>on s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e <span class=\"ff73 ls116 ws9d\">\u201cdefined contributions<span class=\"_ _5\"></span>\u201d </span><span class=\"ls74 ws81\">for Belgian employe<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span></span><span class=\"ff73\">, </span>whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>ly emp<span class=\"_ _5\"></span>loye<span class=\"_ _5\"></span>r fu<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a <span class=\"ff73 ls13 ws9a\">group insurance </span>bra<span class=\"_ _5\"></span>nch 21. In accor<span class=\"_ _5\"></span>dan<span class=\"_ _5\"></span>ce wi<span class=\"_ _5\"></span>th B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gian s<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cial l<span class=\"_ _5\"></span>egi<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n, t<span class=\"_ _5\"></span>he em<span class=\"_ _5\"></span>plo<span class=\"_ _5\"></span>yer ha<span class=\"_ _5\"></span>s to guarantee a<span class=\"_ _3\"></span>n interest rate on<span class=\"_ _8\"></span> the employer contributions paid<span class=\"_ _3\"></span> in defined contributions plans<span class=\"_ _8\"></span> of 3.25% for<span class=\"_ _3\"></span> contributions paid unt<span class=\"_ _5\"></span>il Oc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>obe<span class=\"_ _5\"></span>r 1, 20<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>. F<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d as f<span class=\"_ _5\"></span>rom 2016 the Bel<span class=\"_ _5\"></span>gia<span class=\"_ _5\"></span>n leg<span class=\"_ _5\"></span>isl<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded t<span class=\"_ _5\"></span>o us<span class=\"_ _5\"></span>e a year<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>y var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on a B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>te b<span class=\"_ _5\"></span>ond o<span class=\"_ _5\"></span>f 10 year<span class=\"_ _3\"></span>, wi<span class=\"_ _5\"></span>th an ab<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>te mi<span class=\"_ _5\"></span>nimum r<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>urn o<span class=\"_ _5\"></span>f 1.<span class=\"_ _8\"></span>75% and an a<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>olu<span class=\"_ _5\"></span>te ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum r<span class=\"_ _5\"></span>etu<span class=\"_ _5\"></span>rn o<span class=\"_ _5\"></span>f 3.75<span class=\"_ _8\"></span>% (0%<span class=\"_ _3\"></span> as from the t<span class=\"_ _3\"></span>ermination d<span class=\"_ _3\"></span>ate of the<span class=\"_ _3\"></span> labour contract).<span class=\"_ _3\"></span> All contributions paid<span class=\"_ _3\"></span> before a change<span class=\"_ _3\"></span> in return rate<span class=\"_ _8\"></span> will be held at the o<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>gina<span class=\"_ _5\"></span>l inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e in the f<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>ture (<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>gal ho<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>zon<span class=\"_ _5\"></span>tal g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e). Thi<span class=\"_ _5\"></span>s hor<span class=\"_ _5\"></span>izo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>al gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>tee i<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t ful<span class=\"_ _5\"></span>ly co<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s provided by the<span class=\"_ _3\"></span> insurance c<span class=\"_ _3\"></span>ompanies towards<span class=\"_ _3\"></span> the employers<span class=\"_ _3\"></span> regarding the<span class=\"_ _3\"></span> ef<span class=\"_ _5\"></span>fectuation of the grou<span class=\"_ _3\"></span>p insurance<span class=\"_ _8\"></span> contrac<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. The emp<span class=\"_ _5\"></span>loye<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>his le<span class=\"_ _5\"></span>gal g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e, w<span class=\"_ _5\"></span>ere v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>spe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons at<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e pas<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ming t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te w<span class=\"_ _5\"></span>ith r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e le<span class=\"_ _5\"></span>gal min<span class=\"_ _5\"></span>imum g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>rom 1.7<span class=\"_ _8\"></span>5% to 2.<span class=\"_ _5\"></span>50% f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are c<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>cula<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>er p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>n as th<span class=\"_ _5\"></span>e ma<span class=\"_ _5\"></span>xi<span class=\"_ _5\"></span>mum of t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t va<span class=\"_ _5\"></span>lue at th<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ccr<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o IA<span class=\"_ _5\"></span>S 19 para<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>ph 1<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5, wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>cat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of a co<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt v<span class=\"_ _5\"></span>alue t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>xce<span class=\"_ _5\"></span>eds t<span class=\"_ _5\"></span>he ma<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>o ta<span class=\"_ _5\"></span>ke into a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt th<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nsu<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ce co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny. T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e th<span class=\"_ _5\"></span>en inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g fun<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>.DEME<span class=\"_ _5\"></span>\u2019s subs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>es in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate a n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er of d<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n sc<span class=\"_ _5\"></span>hem<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>t exce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pla<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>uth<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y in the N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rla<span class=\"_ _5\"></span>nds a<span class=\"_ _5\"></span>nd ar<span class=\"_ _5\"></span>e clo<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r ne<span class=\"_ _5\"></span>w ent<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>rua<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he schemes arise from the oblig<span class=\"_ _3\"></span>ation for the<span class=\"_ _3\"></span> entities to index ac<span class=\"_ _3\"></span>crued pension benefit<span class=\"_ _5\"></span>s and benefits in payment and<span class=\"_ _3\"></span>/<span class=\"_ _8\"></span>or the obligation to<span class=\"_ _8\"></span> pay guarantee cost<span class=\"_ _5\"></span>s to the insurance company.Employ<span class=\"_ _8\"></span>ee benefit obligations<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Retirement oblig<span class=\"_ _3\"></span>ations in Belg<span class=\"_ _3\"></span>ium and<span class=\"_ _8\"></span> The Netherlands<span class=\"_ _2df\"> </span><span class=\"ls58 ws61\">56<span class=\"_ _5\"></span>,902<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Other retirement obligations<span class=\"_ _1ff\"> </span><span class=\"ls12 ws17\">3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>621 <span class=\"_ _49\"> </span><span class=\"ls57 ws60\">3,<span class=\"_ _5\"></span>054 </span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2e0\"> </span><span class=\"ls4c ws5f\">60<span class=\"_ _5\"></span>,52<span class=\"_ _5\"></span>3 <span class=\"_ _43\"> </span><span class=\"lsd wsf\">65,2<span class=\"_ _5\"></span>67 </span></span>The decrease in<span class=\"_ _3\"></span> retirement obligations<span class=\"_ _3\"></span> in Belgium<span class=\"_ _8\"></span> and The Netherlands is relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _8\"></span> evolution in the macro-economic environment and m<span class=\"_ _5\"></span>ore s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>lly t<span class=\"_ _5\"></span>o the e<span class=\"_ _5\"></span>vol<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f the i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the i<span class=\"_ _5\"></span>nf<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>. Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2, th<span class=\"_ _5\"></span>e dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed to<span class=\"_ _5\"></span> 3.4<span class=\"_ _5\"></span>6% com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o 0.9<span class=\"_ _5\"></span>0% a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. Th<span class=\"_ _5\"></span>is re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in a ver<span class=\"_ _4\"></span>y ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>etu<span class=\"_ _5\"></span>rn o<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s on th<span class=\"_ _5\"></span>e one h<span class=\"_ _5\"></span>and a<span class=\"_ _5\"></span>nd in a s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant g<span class=\"_ _5\"></span>ain in the re<span class=\"_ _3\"></span>measurement of retireme<span class=\"_ _3\"></span>nt benefit plan obligations<span class=\"_ _3\"></span> due to<span class=\"_ _3\"></span> change in<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial assumptions<span class=\"_ _3\"></span> on the other<span class=\"_ _8\"></span> hand. The net positive ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t w<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly s<span class=\"_ _5\"></span>ligh<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>duce<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he inc<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ra<span class=\"_ _5\"></span>te f<span class=\"_ _5\"></span>rom 1.90<span class=\"_ _5\"></span>% to 2.<span class=\"_ _8\"></span>16<span class=\"_ _3\"></span>%<span class=\"_ _5\"></span>.Retirement benefit obligations<span class=\"_ _3\"></span> in Belgium<span class=\"_ _3\"></span> and The<span class=\"_ _8\"></span> Net<span class=\"_ _5\"></span>herlands<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Pre<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>nt v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>olly o<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tia<span class=\"_ _5\"></span>lly f<span class=\"_ _5\"></span>und<span class=\"_ _5\"></span>ed ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _24a\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _1bf\"> </span></span>246,<span class=\"_ _5\"></span>857 Fair valu<span class=\"_ _5\"></span>e of pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s <span class=\"_ _2e1\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _3d\"> </span>-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> </span>Impac<span class=\"_ _5\"></span>t of as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t ceiling<span class=\"_ _2bb\"> </span><span class=\"ls6b ws78\">353<span class=\"_ _5\"></span> <span class=\"_ _240\"> </span><span class=\"ls3 ws3\">42 </span></span>Ne<span class=\"_ _5\"></span>t fu<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t obl<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>rde<span class=\"_ _5\"></span>d in t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>e she<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31<span class=\"_ _206\"> </span>5<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>02 <span class=\"_ _43\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span>MOVEMENT<span class=\"_ _3\"></span> OF RETIREMENT BENE<span class=\"_ _3\"></span>FIT PLAN OBLIGA<span class=\"_ _8\"></span>TIONSBalance at January 1<span class=\"_ _2e2\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _19a\"> </span><span class=\"ls3 ws3\">60,02<span class=\"_ _5\"></span>6</span></span>Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ogni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in inc<span class=\"_ _5\"></span>ome (1<span class=\"_ _3\"></span>)<span class=\"_ _5a\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>53<span class=\"_ _53\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>4,24<span class=\"_ _8\"></span>3</span></span>Charges reco<span class=\"_ _5\"></span>gnised in other comprehen<span class=\"_ _5\"></span>sive income (2<span class=\"_ _3\"></span>)<span class=\"_ _2e3\"> </span><span class=\"lsa wsb\">-5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>8<span class=\"_ _17c\"> </span><span class=\"ls78 ws86\">1,0<span class=\"_ _5\"></span>73</span></span>Con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>but<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om emp<span class=\"_ _5\"></span>loy<span class=\"_ _5\"></span>er <span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-14<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _184\"> </span><span class=\"ls8b ws99\">-13<span class=\"_ _5\"></span>,13<span class=\"_ _5\"></span>6</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2e4\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e5\"> </span>7</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2e0\"> </span>56,<span class=\"_ _5\"></span>902<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13</span>(1<span class=\"_ _8\"></span>) Ch<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eCurrent ser<span class=\"_ _5\"></span>vice co<span class=\"_ _5\"></span>st<span class=\"_ _1cf\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>51<span class=\"_ _48\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>16</span>Pas<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t &amp; ot<span class=\"_ _5\"></span>her<span class=\"_ _2a3\"> </span><span class=\"ls75 ws82\">102<span class=\"_ _192\"> </span><span class=\"ls1d ws27\">86</span></span>Interes<span class=\"_ _5\"></span>t cost<span class=\"_ _2e6\"> </span><span class=\"ls57 ws60\">2,<span class=\"_ _5\"></span>225<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>23</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (-)<span class=\"_ _2e7\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _69\"> </span><span class=\"ls7c ws8a\">-982</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me<span class=\"_ _2ac\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>53<span class=\"_ _19a\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3</span>NO<span class=\"_ _5\"></span>TE 21 - co<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nu<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(2) Char<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cog<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>eh<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eActuar<span class=\"_ _5\"></span>ial (gains)/loss<span class=\"_ _5\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls147 ws157\">-<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _127\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>45</span></span>Ret<span class=\"_ _5\"></span>urn on p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (-) (exclu<span class=\"_ _5\"></span>ding in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t inc<span class=\"_ _5\"></span>ome)<span class=\"_ _46\"> </span><span class=\"ls7a ws88\">49,<span class=\"_ _5\"></span>249<span class=\"_ _145\"> </span><span class=\"ls7f ws8d\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>976</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _269\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>8<span class=\"_ _18b\"> </span><span class=\"ls82 ws90\">3,042</span></span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>gn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed in o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me<span class=\"_ _16a\"> </span><span class=\"ls36 ws3d\">-5,24<span class=\"_ _5\"></span>8<span class=\"_ _18b\"> </span><span class=\"ls6b ws78\">1,073</span></span>MOVEMENT<span class=\"_ _3\"></span> IN RETIREMENT BENE<span class=\"_ _3\"></span>FIT PLAN OBLIGA<span class=\"_ _8\"></span>TIONS AND ASSET<span class=\"_ _5\"></span>SRet<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan o<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>iga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1<span class=\"_ _2bc\"> </span><span class=\"ls31 ws3a\">246,85<span class=\"_ _3\"></span>7<span class=\"_ _38\"> </span><span class=\"ls38 ws41\">250,<span class=\"_ _2\"></span>100</span></span>Current ser<span class=\"_ _5\"></span>vice co<span class=\"_ _5\"></span>st<span class=\"_ _1cf\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>51<span class=\"_ _48\"> </span>13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>16</span>Interes<span class=\"_ _5\"></span>t cost<span class=\"_ _2e6\"> </span><span class=\"ls57 ws60\">2,<span class=\"_ _5\"></span>225<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>23</span></span>Contributions from employee<span class=\"_ _5\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ls80 ws8e\">123<span class=\"_ _218\"> </span><span class=\"ls8b ws99\">137</span></span>Benefits pa<span class=\"_ _3\"></span>id t<span class=\"_ _8\"></span>o benefici<span class=\"_ _3\"></span>aries<span class=\"_ _189\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0</span></span>Remeas<span class=\"_ _5\"></span>urement o<span class=\"_ _5\"></span>f liabiliti<span class=\"_ _5\"></span>es res<span class=\"_ _5\"></span>ulting in ac<span class=\"_ _5\"></span>tuar<span class=\"_ _5\"></span>ial (gains)/los<span class=\"_ _5\"></span>ses<span class=\"_ _7b\"> </span><span class=\"ls13 ws9a\">-54,809<span class=\"_ _3f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>5</span></span>due to<span class=\"_ _3\"></span> changes in<span class=\"_ _3\"></span> demographic assumptions<span class=\"_ _2e8\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _232\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0</span></span>due to c<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>es in f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _2c9\"> </span><span class=\"ls1f6 ws220\">-7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _186\"> </span><span class=\"ls1b2 ws1d8\">-10,74<span class=\"_ _5\"></span>0</span></span>due to e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>nce ad<span class=\"_ _5\"></span>jus<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2e9\"> </span><span class=\"ls1bf ws1e6\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>33<span class=\"_ _18e\"> </span><span class=\"ls1b1 ws1d7\">1,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>5</span></span>Pas<span class=\"_ _5\"></span>t s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _265\"> </span>-<span class=\"_ _2d1\"> </span>-Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _180\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _229\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4</span>Retirement benefit plan oblig<span class=\"_ _3\"></span>ations balance<span class=\"_ _8\"></span> at December 3<span class=\"_ _3\"></span>1<span class=\"_ _c3\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>9<span class=\"_ _38\"> </span><span class=\"ls31 ws3a\">246,85<span class=\"_ _8\"></span>7</span></span>Ret<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce at J<span class=\"_ _5\"></span>anu<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y 1<span class=\"_ _24f\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _39\"> </span><span class=\"ls5a ws63\">19<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>74</span></span>Ret<span class=\"_ _5\"></span>urn on p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (+<span class=\"_ _8\"></span>) (exc<span class=\"_ _5\"></span>ludin<span class=\"_ _5\"></span>g int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me)<span class=\"_ _98\"> </span><span class=\"ls7a ws88\">-49,<span class=\"_ _5\"></span>249<span class=\"_ _127\"> </span><span class=\"ls7f ws8d\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>976</span></span>Inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e on pl<span class=\"_ _5\"></span>an as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>)<span class=\"_ _24d\"> </span><span class=\"ls75 ws82\">1,7<span class=\"_ _5\"></span>25<span class=\"_ _c1\"> </span><span class=\"ls7c ws8a\">982</span></span>Contribu<span class=\"_ _5\"></span>tions from employer/<span class=\"_ _8\"></span>emplo<span class=\"_ _5\"></span>yees (*)<span class=\"_ _1ac\"> </span><span class=\"ls55 ws5d\">14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _61\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>3</span></span>Benefits pa<span class=\"_ _3\"></span>id t<span class=\"_ _8\"></span>o benefici<span class=\"_ _3\"></span>aries<span class=\"_ _189\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0</span></span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _180\"> </span><span class=\"lsd wsf\">-<span class=\"_ _8\"></span>1,773<span class=\"_ _3f\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7</span></span>Ret<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it p<span class=\"_ _5\"></span>lan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bal<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _1c9\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _3\"></span>42,560<span class=\"_ _1bf\"> </span><span class=\"ls5c ws65\">18<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>MAIN ACTUARIAL ASSUMPTIONS A<span class=\"_ _8\"></span>T THE END OF<span class=\"_ _8\"></span> THE PERIODDis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nt r<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>t Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _17a\"> </span><span class=\"ls85 ws93\">3.4<span class=\"_ _5\"></span>6%<span class=\"_ _3f\"> </span><span class=\"ls37 ws83\">0.90%</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d ra<span class=\"_ _5\"></span>te of s<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s (in<span class=\"_ _5\"></span>fl<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d)<span class=\"_ _9a\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%<span class=\"_ _3f\"> </span><span class=\"ls37 ws83\">3.40<span class=\"_ _5\"></span>%</span></span>Lon<span class=\"_ _5\"></span>g ter<span class=\"_ _5\"></span>m inf<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n<span class=\"_ _260\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>%<span class=\"_ _1b5\"> </span><span class=\"ls7d ws8b\">1.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>%</span></span>Mor<span class=\"_ _5\"></span>tality tables BE-plans<span class=\"_ _198\"> </span><span class=\"ls3 ws3\">MR<span class=\"_ _5\"></span>/FR-5 y<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s<span class=\"_ _96\"> </span>MR<span class=\"_ _5\"></span>/FR-5 y<span class=\"_ _5\"></span>rs</span>Mor<span class=\"_ _5\"></span>tality tables NL<span class=\"_ _6\"></span>-plans<span class=\"_ _2ea\"> </span><span class=\"ls57 ws60\">AG2022 E<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>-P2<span class=\"_ _5\"></span>A<span class=\"_ _b9\"> </span><span class=\"ls16 ws1d\">AG20<span class=\"_ _8\"></span>21<span class=\"_ _3\"></span> ES-P2A</span></span>OTHER INFORMA<span class=\"_ _2\"></span>TIONAvera<span class=\"_ _5\"></span>ge dur<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>t pl<span class=\"_ _5\"></span>an obli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s<span class=\"_ _76\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _17c\"> </span><span class=\"ls1b ws24\">15<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>7</span></span>Avera<span class=\"_ _5\"></span>ge ac<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>l re<span class=\"_ _5\"></span>turn o<span class=\"_ _5\"></span>n plan a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _68\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>5.<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6%<span class=\"_ _61\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>%</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tion i<span class=\"_ _5\"></span>n ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial ye<span class=\"_ _5\"></span>ar<span class=\"_ _ca\"> </span><span class=\"ls34 ws3e\">14,28<span class=\"_ _8\"></span>7 <span class=\"_ _4b\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span> </span></span>NO<span class=\"_ _5\"></span>TE 21 - co<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>nu<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>SENSITIVITY ANA<span class=\"_ _5\"></span>L<span class=\"_ _2\"></span>YSIS (impac<span class=\"_ _5\"></span>t on amount of<span class=\"_ _3\"></span> obligations)Discount r<span class=\"_ _5\"></span>ate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _1a5\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _5\"></span>4.25<span class=\"_ _8\"></span>%<span class=\"_ _5e\"> </span><span class=\"ls3 ws3\">-5<span class=\"_ _5\"></span>.00<span class=\"_ _5\"></span>%</span></span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _1a9\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>%<span class=\"_ _2ba\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>.78<span class=\"_ _4\"></span>%</span></span>Salar<span class=\"_ _5\"></span>y grow<span class=\"_ _5\"></span>th rate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _2eb\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.76%<span class=\"_ _2ba\"> </span>0<span class=\"_ _5\"></span>.76<span class=\"_ _5\"></span>%</span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _2ec\"> </span><span class=\"ls88 ws96\">-2.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>%<span class=\"_ _48\"> </span><span class=\"ls77 ws85\">-<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>%</span></span>Life expectationincr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e by 1 y<span class=\"_ _5\"></span>ear<span class=\"_ _2ed\"> </span>-0.39%<span class=\"_ _61\"> </span><span class=\"ls77 ws85\">-<span class=\"_ _7\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>%</span>Inflation rate25bp<span class=\"_ _3\"></span> increase<span class=\"_ _283\"> </span><span class=\"ls19 ws16\">0.39%<span class=\"_ _1b8\"> </span><span class=\"ls1f7 ws221\">N.A.</span></span>25bp<span class=\"_ _3\"></span> decrease<span class=\"_ _2ec\"> </span><span class=\"ls88 ws96\">-2.<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>%<span class=\"_ _1b8\"> </span><span class=\"ls1f7 ws221\">N.A.</span></span>ASSET<span class=\"_ _5\"></span>S ALLOCA<span class=\"_ _8\"></span>TIONCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2ee\"> </span><span class=\"ls77 ws85\">0<span class=\"_ _4\"></span>.12<span class=\"_ _7\"></span>%<span class=\"_ _49\"> </span><span class=\"ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>07%</span></span>Equit<span class=\"_ _5\"></span>y ins<span class=\"_ _5\"></span>trum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _2ef\"> </span><span class=\"lsc1 wscd\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1%<span class=\"_ _49\"> </span><span class=\"lsd9 wse4\">0<span class=\"_ _5\"></span>.93<span class=\"_ _5\"></span>%</span></span>Debt ins<span class=\"_ _5\"></span>trument<span class=\"_ _5\"></span>s<span class=\"_ _262\"> </span><span class=\"ls85 ws93\">0.<span class=\"_ _5\"></span>96%<span class=\"_ _3f\"> </span><span class=\"ls7c ws8a\">0<span class=\"_ _5\"></span>.82%</span></span>Insurance c<span class=\"_ _3\"></span>ontrac<span class=\"_ _5\"></span>ts<span class=\"_ _261\"> </span><span class=\"ls35 ws43\">97<span class=\"_ _2\"></span>.99%<span class=\"_ _4b\"> </span><span class=\"ls77 ws85\">9<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>%</span></span>(*) I<span class=\"_ _5\"></span>n 2022 an a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 10.9 m<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n EUR r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s to B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>an de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>s (2021: 9.8 m<span class=\"_ _5\"></span>ill<span class=\"_ _5\"></span>ion E<span class=\"_ _5\"></span>UR)<span class=\"_ _5\"></span>. T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n (de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>d b<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion pla<span class=\"_ _5\"></span>ns) e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>al ye<span class=\"_ _5\"></span>ar is 14.<span class=\"_ _5\"></span>3 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1KEY MANA<span class=\"_ _8\"></span>GEMENT PE<span class=\"_ _3\"></span>RSONNELDEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V has a \u201con<span class=\"_ _5\"></span>e ti<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u201d g<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ce s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f a Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s (as coll<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>iate b<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>y). Th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s is ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the p<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>er to p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m all ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt for those actions that are<span class=\"_ _3\"></span> specif<span class=\"_ _5\"></span>ically reserved by law for<span class=\"_ _8\"></span> the Shareholders<span class=\"_ _5\"></span>\u2019 Meeting.On Ju<span class=\"_ _5\"></span>ne 29, 2022, t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>oar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s ha<span class=\"_ _5\"></span>s del<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d the <span class=\"ff73 ls15d ws172\">daily management</span> of the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee to t<span class=\"_ _5\"></span>he CEO. Th<span class=\"_ _5\"></span>e CEO is s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f his m<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>te by t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">advisory committee</span> (se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s). The E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ive C<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e, cha<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e CEO, i<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt of the Group.For h<span class=\"_ _5\"></span>is ro<span class=\"_ _5\"></span>le as E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, L<span class=\"_ _5\"></span>uc Vand<span class=\"_ _5\"></span>enb<span class=\"_ _5\"></span>ulc<span class=\"_ _5\"></span>ke rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le re<span class=\"_ _5\"></span>mun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of 1,8<span class=\"_ _5\"></span>62 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R in 2022 (202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>: 1,5<span class=\"_ _3\"></span>76 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>. Repr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ho ar<span class=\"_ _5\"></span>e mem<span class=\"_ _5\"></span>ber<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s, Au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t Comm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e and R<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee are o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d sin<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e pub<span class=\"_ _5\"></span>lic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration of the<span class=\"_ _3\"></span> directors<span class=\"_ _1bc\"> </span><span class=\"lse ws12\">360<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f DEME Gr<span class=\"_ _5\"></span>oup<span class=\"_ _2fd\"> </span><span class=\"ls82 ws90\">360<span class=\"_ _2d1\"> </span></span>-Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e CEO<span class=\"_ _2e0\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _145\"> </span><span class=\"ls88 ws96\">1,<span class=\"_ _5\"></span>576</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>43<span class=\"_ _97\"> </span><span class=\"ls4b ws53\">33<span class=\"_ _5\"></span>0</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1ae\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">1,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>4</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _2fe\"> </span><span class=\"ls84 ws92\">62<span class=\"_ _153\"> </span><span class=\"ls35 ws43\">50</span></span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _282\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _2e5\"> </span>3</span>Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e me<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Com<span class=\"_ _5\"></span>mi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee (e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng CEO)<span class=\"_ _f3\"> </span><span class=\"ls3f ws67\">5,<span class=\"_ _5\"></span>676<span class=\"_ _186\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>81</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _29f\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _121\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1c8\"> </span><span class=\"lsd9 wse4\">3,937<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">2,984</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _1ac\"> </span><span class=\"ls7b ws89\">463<span class=\"_ _97\"> </span>383</span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _2ff\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _192\"> </span><span class=\"ls56 ws5e\">18</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-163-2": {
   "value": "Average number of persons employed during the year (in FTE)2022 2021Employees 2,985  2,797 Workers 2,168  2,083 Total 5,153  4,880 The average headcount reported in this note is based upon the consolidation scope whereby only the average headcount of entities controlled by the Group are included.NOTE 3 \u2013 PERSONNEL EXPENSES AND EMPLOYMENTBalance at December 31",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-161-8": {
   "value": "NOTE 4 \u2013 INTANGIBLE ASSETSAmortisation of the year is recognised under \u2018depreciation and amortisation expenses\u2019 in the consolidated income statement for an amount of 3.9 million EUR. Amortisation of development costs starts at the earliest on the date financial close of the related project is reached.In the addition of the year 2022, an amount of 1.7 million EUR is related to the capitalisation of development costs in the Concessions segment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-160-6": {
   "value": "Concessions, Other 2022 Development patents, intangible Tot alcosts(in thousands of EUR)licences, etc.assetsAcquisition cost at January 1, 2022 4,096 47,025 12,283 63,404Additions, including fixed assets, own production 1,744 371 - 2,115Sales and disposals - -12,136 -19 -12,155Movements Transfers from one heading to another - - 1,324 1,324during the yearTranslation differences - 1 - 1Additions through business combinations - - - -Changes in consolidation scope or method - -853 - -853At December 31, 2022 5,840 34,408 13,588 53,836Cumulative amortisation and impairment at January 1, 2022 4,096 24,717 9,078 37,891Amortisation of the year - 3,056 885 3,942Written down after sales and disposals - -12,136 -19 -12,155Movements Transfers from one heading to another - - - -during the yearTranslation differences - 1 - 1Additions through business combinations - - - -Changes in consolidation scope or method - -156 - -156At December 31, 2022 4,096 15,482 9,944 29,522Net book value at the end of prior year - 22,308 3,205 25,513Net book value at the end of the year 1,744 18,926 3,644 24,315NOTE 4 \u2013 INTANGIBLE ASSETSAn amount of 17 million EUR out of the 25.5 million EUR total net book value of intangibles at the end of the year 2021 is related to the purchase price allocation (PPA)-exercise of the SPT Offshore group (at the end of 2020). These intangibles are amortised over the economic lifetime of 10 years.The addition of the year 2021 of 1.9 million EUR is primarily related to the capitalisation of software licences.Amortisation charge of the year is recognised under \u2018depreciation and amortisation expenses\u2019 in the consolidated income statement for an amount of 3.4 million EUR.Concessions, Other 2021 Development patents, intangible Tot alcosts(in thousands of EUR)licences, etc.assetsAcquisition cost at January 1, 2021 4,007 48,557 7,963 60,527Additions, including fixed assets, own production - 1,620 288 1,908Sales and disposals 89 -1,185 -33 -1,129Movements Transfers from one heading to another - -1,968 4,065 2,097during the yearTranslation differences - 1 - 1Additions through business combinations - - - -Changes in consolidation scope or method - - - -At December 31, 2021 4,096 47,025 12,283 63,404Cumulative amortisation and impairment at January 1, 2021 4,004 23,625 7,963 35,592Amortisation of the year 3 2,936 474 3,413Written down after sales and disposals 89 -1,185 -33 -1,129Movements Transfers from one heading to another - -660 674 14during the yearTranslation differences - 1 - 1Additions through business combinations - - - -Changes in consolidation scope or method - - - -At December 31, 2021 4,096 24,717 9,078 37,891Net book value at the end of prior year 3 24,932 - 24,935Net book value at the end of the year - 22,308 3,205 25,513An amount of 14.4 million EUR out of the 24.3 million EUR total net book value of intangibles at the end of the year 2022 is related to the purchase price allocation (PPA)-exercise of the SPT Offshore group (at the end of 2020). These intangibles are amortised over the economic lifetime of 10 years.In the sales and disposals of the year 2022, a fully amortised licence fee, that expired was disposed of for an amount of 12 million EUR.Amortisation of the year is recognised under \u2018depreciation and amortisation expenses\u2019 in the consolidated income statement for an amount of 3.9 million EUR. Amortisation of development costs starts at the earliest on the date financial close of the related project is reached.In the addition of the year 2022, an amount of 1.7 million EUR is related to the capitalisation of development costs in the Concessions segment.The concessions, patents and licences do not include indefinite useful lives intangible assets.In the line \u2018Transfers from one heading to another\u2019, also transfers from assets under construction originally booked within property, plant and equipment are included.SENSITIVITY ANALYSISA sensitivity analysis has been performed by adjusting important assumptions used in the calculation of the recoverable amount.Gross marginThe gross margin used in the discounted cash flow model is based upon the estimates of management and has been approved by the Board of Directors for a period of three years to come.Sensitivity is tested by reducing the estimated gross margins to 95% of their initial value. Adjusting the gross margin downwards did not result in impairment for any of the mentioned cash generating units.Discount rateThe discount rate used is the weighted average costs of capital, calculated on DEME Group figures. Future cash flows will negatively be impacted if the discount rate rises.CARRYING AMOUNT OF GOODWILLGoodwill is allocated to the cash generating unit that will benefit most of the knowledge acquired upon the acquisition. Management has identified the lowest level of cash generating units based on the most appropriate and most detailed level of information about operations available for internal reporting purposes. The current outstanding goodwill of the DEME Group is allocated as follows:Carrying amount of goodwill 2022 2021(in thousands of EUR)CGU Infra 3,536  3,536 CGU Dredging \u2013 Asia Pacific 3,024  3,024 CGU Environmental Ecoterres 2,496  2,496 CGU Offshore 1,943  1,943 CGU Offshore Foundations 1,256  1,256 CGU Concessions 605 605CGU Dredging DBM 168 168Total 13,028  13,028 The comparison of the carrying amount of each mentioned cash generating unit with the recoverable amount of the respective cash generating unit did not result in an impairment need for the annual reporting year 2022.The recoverable amount of each cash generating unit is based on a discounted cash flow model that represents the fair value minus the cost of disposal. The projected cash flows used are obtained from the budgets, prepared by management, of the respective cash generating unit and approved by the Board of Directors. These budgets cover a three-year period. Cash flows beyond the three-year period are extrapolated using a cautious growth rate of 1%. The discount rate used equals the weighted cost of capital (WACC) calculated on the consolidated DEME Group figures, as per the third quarter of 2022, amounting to 5.55% compared to the WACC of 6.46% used in 2021.IMPAIRMENT TESTING OF GOODWILLIn accordance with IAS 36 impairment of assets, goodwill was tested for impairment at December 31, 2022 and 2021. In 2022 no impairment losses were recognised. In 2021 impairment losses of 0.3 million EUR were recognised in the Environmental segment. Within the DEME Group, goodwill is tested for impairment annually. The impairment tests are based on figures and insights of the third quarter of the annual reporting year. If there is an indication that the cash generating unit to which the goodwill is allocated could have suffered a loss of value, impairment testing is done more frequently than once a year. In 2022, there were no such indicators and no additional impairment tests have been prepared.Significant judgement by management is required to estimate the impact of macroeconomic and other factors on future cash flows, including those related to the COVID-19 pandemic, the war in Ukraine and climate related matters (more detailed in section \u2018risk and uncertainties\u2019 above). The Group believes the estimates and assumptions used in the impairment testing are reasonable and are comparable to those that would be used by competitors. Management does not foresee activities negatively being impacted by climate related business requirements, leading to an impairment loss, as the Group continues its strategy to promote the transition to clean energy worldwide to its customers.NOTE 5 \u2013 GOODWILL(in thousands of EUR)2022 2021Balance at January 1 13,028 13,339Acquisitions through business combinations - -Movements during the Disposals - -yearImpairment losses - -311Balance at December 31 13,028 13,028Sensitivity is tested by increasing the weighted average cost of capital with 1%. Adjusting the weighted average cost of capital to a higher value did not result in an impairment for any of the mentioned cash generating units.Growth rateThe DEME Group assumes a careful growth of 1% of its gross margin in the years to come. Should the growth percentage be lower, the recoverable amount of each cash generating unit will drop. Sensitivity is tested by reducing the growth rate to 0%. Adjusting the growth rate did not result in an impairment for any of the mentioned cash generating units.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-174-3": {
   "value": "SENSITIVITY ANALYSISA sensitivity analysis has been performed by adjusting important assumptions used in the calculation of the recoverable amount.Gross marginThe gross margin used in the discounted cash flow model is based upon the estimates of management and has been approved by the Board of Directors for a period of three years to come.Sensitivity is tested by reducing the estimated gross margins to 95% of their initial value. Adjusting the gross margin downwards did not result in impairment for any of the mentioned cash generating units.Discount rateThe discount rate used is the weighted average costs of capital, calculated on DEME Group figures. Future cash flows will negatively be impacted if the discount rate rises.CARRYING AMOUNT OF GOODWILLGoodwill is allocated to the cash generating unit that will benefit most of the knowledge acquired upon the acquisition. Management has identified the lowest level of cash generating units based on the most appropriate and most detailed level of information about operations available for internal reporting purposes. The current outstanding goodwill of the DEME Group is allocated as follows:Carrying amount of goodwill 2022 2021(in thousands of EUR)CGU Infra 3,536  3,536 CGU Dredging \u2013 Asia Pacific 3,024  3,024 CGU Environmental Ecoterres 2,496  2,496 CGU Offshore 1,943  1,943 CGU Offshore Foundations 1,256  1,256 CGU Concessions 605 605CGU Dredging DBM 168 168Total 13,028  13,028 The comparison of the carrying amount of each mentioned cash generating unit with the recoverable amount of the respective cash generating unit did not result in an impairment need for the annual reporting year 2022.The recoverable amount of each cash generating unit is based on a discounted cash flow model that represents the fair value minus the cost of disposal. The projected cash flows used are obtained from the budgets, prepared by management, of the respective cash generating unit and approved by the Board of Directors. These budgets cover a three-year period. Cash flows beyond the three-year period are extrapolated using a cautious growth rate of 1%. The discount rate used equals the weighted cost of capital (WACC) calculated on the consolidated DEME Group figures, as per the third quarter of 2022, amounting to 5.55% compared to the WACC of 6.46% used in 2021.IMPAIRMENT TESTING OF GOODWILLIn accordance with IAS 36 impairment of assets, goodwill was tested for impairment at December 31, 2022 and 2021. In 2022 no impairment losses were recognised. In 2021 impairment losses of 0.3 million EUR were recognised in the Environmental segment. Within the DEME Group, goodwill is tested for impairment annually. The impairment tests are based on figures and insights of the third quarter of the annual reporting year. If there is an indication that the cash generating unit to which the goodwill is allocated could have suffered a loss of value, impairment testing is done more frequently than once a year. In 2022, there were no such indicators and no additional impairment tests have been prepared.Significant judgement by management is required to estimate the impact of macroeconomic and other factors on future cash flows, including those related to the COVID-19 pandemic, the war in Ukraine and climate related matters (more detailed in section \u2018risk and uncertainties\u2019 above). The Group believes the estimates and assumptions used in the impairment testing are reasonable and are comparable to those that would be used by competitors. Management does not foresee activities negatively being impacted by climate related business requirements, leading to an impairment loss, as the Group continues its strategy to promote the transition to clean energy worldwide to its customers.NOTE 5 \u2013 GOODWILL(in thousands of EUR)2022 2021Balance at January 1 13,028 13,339Acquisitions through business combinations - -Movements during the Disposals - -yearImpairment losses - -311Balance at December 31 13,028 13,028Sensitivity is tested by increasing the weighted average cost of capital with 1%. Adjusting the weighted average cost of capital to a higher value did not result in an impairment for any of the mentioned cash generating units.Growth rateThe DEME Group assumes a careful growth of 1% of its gross margin in the years to come. Should the growth percentage be lower, the recoverable amount of each cash generating unit will drop. Sensitivity is tested by reducing the growth rate to 0%. Adjusting the growth rate did not result in an impairment for any of the mentioned cash generating units.The amount of goodwill included in the carrying amount of the Group\u2019s interest in joint ventures is 0.3 million EUR with no change in that amount in 2022 nor in 2021. There is no goodwill included in the carrying amount of associates.NOTE 8 \u2013 INVESTMENTS IN JOINT VENTURES AND ASSOCIATES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-181-13": {
   "value": "NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTIn 2022, 1.5 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g co<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construc<span class=\"_ _5\"></span>tion were capitalised.</span>In 2021<span class=\"_ _8\"></span>, 4<span class=\"_ _5\"></span>.4 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s </span><span class=\"lsb1 wsbe\">related to assets under construction were capitalised.</span>NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n EURI<span class=\"_ _5\"></span>BO<span class=\"_ _5\"></span>R pl<span class=\"_ _5\"></span>us a mar<span class=\"_ _5\"></span>gin w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is up<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ea<span class=\"_ _5\"></span>ch s<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ter f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng DE<span class=\"_ _5\"></span>ME\u2019s leve<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>his f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oat<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e, i<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s (note (1<span class=\"_ _8\"></span>9)<span class=\"_ _3\"></span>). Th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s is f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se liabilities a<span class=\"_ _3\"></span>nd other long-te<span class=\"_ _3\"></span>rm loans.INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-181-14": {
   "value": "NOTE 6 <span class=\"_ _5\"></span>\u2013 PRO<span class=\"_ _5\"></span>PERT<span class=\"_ _4\"></span>Y<span class=\"_ _6\"></span>, <span class=\"_ _5\"></span>PL<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>ND EQU<span class=\"_ _5\"></span>IPM<span class=\"_ _5\"></span>ENTIn th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>d hal<span class=\"_ _5\"></span>f of 2<span class=\"_ _5\"></span>022, an amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _3\"></span>8.<span class=\"_ _5\"></span>3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R <span class=\"ff73\">mo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on v<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>s </span><span class=\"ls170 ws185\">was released followi<span class=\"_ _3\"></span>ng the ea<span class=\"_ _3\"></span>rly repayment of<span class=\"_ _3\"></span> the </span>related long<span class=\"_ _5\"></span>-term loan<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, <span class=\"ff73 ls116 ws9d\">the c<span class=\"_ _3\"></span>ommitment made for in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tments <span class=\"ff70 ls3 ws3\">in th<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>ing ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 192.6 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>r the </span></span>upg<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>des f<span class=\"_ _5\"></span>or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls \u2018<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>ik<span class=\"_ _5\"></span>ing N<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>un\u2019, \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ller<span class=\"_ _4\"></span>\u2019, the new f<span class=\"_ _5\"></span>allp<span class=\"_ _5\"></span>ip<span class=\"_ _5\"></span>e ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>el an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>me ad<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal m<span class=\"_ _5\"></span>odi<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons t<span class=\"_ _5\"></span>o the \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>n\u2019.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, an amoun<span class=\"_ _5\"></span>t of 18.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR <span class=\"ff73\">m<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tg<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e on ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ls </span>is o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is a d<span class=\"_ _5\"></span>ecr<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f 37<span class=\"_ _2\"></span>.<span class=\"_ _5\"></span>4 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to 55<span class=\"_ _5\"></span>.<span class=\"_ _3\"></span>7 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2020<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1, <span class=\"ff73 ls116 ws9d\">the<span class=\"_ _8\"></span> commitmen<span class=\"_ _5\"></span>t made<span class=\"_ _3\"></span> for inv<span class=\"_ _3\"></span>estment<span class=\"_ _5\"></span>s <span class=\"ff70 ls3 ws3\">in the co<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>g year<span class=\"_ _5\"></span>s am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to 251<span class=\"_ _8\"></span>.7 millio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>, ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y for t<span class=\"_ _5\"></span>he </span></span>\u2018O<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>\u2019 and t<span class=\"_ _5\"></span>he up<span class=\"_ _5\"></span>gra<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r ves<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>els \u2018<span class=\"_ _4\"></span>Vik<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Nep<span class=\"_ _5\"></span>tun<span class=\"_ _5\"></span>\u2019 an<span class=\"_ _5\"></span>d \u2018S<span class=\"_ _5\"></span>ea I<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019.The l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>nie<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to DE<span class=\"_ _5\"></span>ME\u2019s inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e per<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ge of s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng by the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up, th<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt in w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>ey op<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>te an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e coun<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f inc<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>por<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>und e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. No<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the comp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on a p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s have o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>r com<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s for w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up has a c<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>spo<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>moun<span class=\"_ _5\"></span>t of 8<span class=\"_ _5\"></span>0.<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R (abou<span class=\"_ _5\"></span>t 67<span class=\"_ _8\"></span>.5 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed to D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a). NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESPRO<span class=\"_ _8\"></span>VISIONS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Warranties<span class=\"_ _1b7\"> </span><span class=\"ls1d5 ws1fc\">Other</span>2022<span class=\"_ _245\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _299\"> </span>37<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>378 <span class=\"_ _179\"> </span>5<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>2 <span class=\"_ _92\"> </span><span class=\"ls34 ws3e\">43,31<span class=\"_ _8\"></span>0 <span class=\"_ _86\"> </span><span class=\"ls38 ws41\">30,297<span class=\"_ _3\"></span> </span></span>Ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g dur<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _37\"> </span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _19a\"> </span>895 <span class=\"_ _2b\"> </span><span class=\"lsf ws13\">6,0<span class=\"_ _5\"></span>48<span class=\"_ _3d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed dur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g the ye<span class=\"_ _5\"></span>ar<span class=\"_ _2f2\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span></span>-<span class=\"_ _2b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _4b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0</span></span>Unus<span class=\"_ _5\"></span>ed am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>ers<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _124\"> </span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,872<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span>6,827<span class=\"_ _8\"></span> <span class=\"_ _166\"> </span><span class=\"ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _86\"> </span><span class=\"ls34 ws3e\">43,310<span class=\"_ _3\"></span> </span></span>Current<span class=\"_ _2bd\"> </span><span class=\"ls56 ws5e\">4<span class=\"_ _4\"></span>,714<span class=\"_ _5\"></span> <span class=\"_ _97\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _38\"> </span></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"ls75 ws82\">3,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span></span>Non-current<span class=\"_ _2bf\"> </span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span> <span class=\"_ _179\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827 <span class=\"_ _92\"> </span><span class=\"ls3 ws3\">42,<span class=\"_ _5\"></span>985 <span class=\"_ _166\"> </span><span class=\"ls7f ws8d\">39<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>2 </span></span>NOTE 23 \u2013 P<span class=\"_ _5\"></span>ROVISI<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CONT<span class=\"_ _5\"></span>ING<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SCON<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESBa<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on at t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te on w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, we ar<span class=\"_ _5\"></span>e not aware of a<span class=\"_ _3\"></span>ny other<span class=\"_ _3\"></span> contingent assets or liabil<span class=\"_ _3\"></span>ities than the<span class=\"_ _3\"></span> one described below:-\ue603<span class=\"_ _a7\"> </span>Since\ue603201<span class=\"_ _3\"></span>8,\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>roup\ue603h<span class=\"_ _5\"></span>as\ue603b<span class=\"_ _5\"></span>een\ue603i<span class=\"_ _5\"></span>nvol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d\ue603in\ue603dis<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s\ue603wi<span class=\"_ _5\"></span>th\ue603R\ue716<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>sw<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aat\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds\ue603re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on\ue603by\ue603one o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the J<span class=\"_ _5\"></span>ulia<span class=\"_ _5\"></span>na Ca<span class=\"_ _5\"></span>nal w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>ning p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E can<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>t make a re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le asses<span class=\"_ _5\"></span>sment of the<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial c<span class=\"_ _3\"></span>onsequences of these discussions. Despite various settlement discussions with the cl<span class=\"_ _3\"></span>ient R\ue716k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>at\ue603hav<span class=\"_ _5\"></span>ing\ue603t<span class=\"_ _5\"></span>aken\ue603p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e,\ue603th<span class=\"_ _5\"></span>e\ue603is<span class=\"_ _5\"></span>sue\ue603h<span class=\"_ _5\"></span>as\ue603no<span class=\"_ _5\"></span>t\ue603be<span class=\"_ _5\"></span>en\ue603s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>led\ue603y<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>One of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p Comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in l<span class=\"_ _5\"></span>egal p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>edin<span class=\"_ _5\"></span>gs in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Du<span class=\"_ _5\"></span>tch Wat<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ard (<span class=\"_ _5\"></span>het Wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap Vall<span class=\"_ _5\"></span>ei en Veluwe) ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>ich s<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny is a m<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, due t<span class=\"_ _5\"></span>o alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>dl<span class=\"_ _5\"></span>y unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>zed a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t Eemd<span class=\"_ _5\"></span>\ue716k<span class=\"_ _5\"></span>.\ue603Th<span class=\"_ _5\"></span>e\ue603alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d\ue603unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ize<span class=\"_ _5\"></span>d\ue603ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es\ue603we<span class=\"_ _5\"></span>re\ue603f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y\ue603and\ue603s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y\ue603exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed\ue603by\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\ue603Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer\ue603p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m, a<span class=\"_ _5\"></span>s the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>thd<span class=\"_ _5\"></span>rew f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>ven b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ual e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>ny wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny wa<span class=\"_ _5\"></span>s how<span class=\"_ _5\"></span>ever n<span class=\"_ _5\"></span>ot a<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>lly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hdr<span class=\"_ _5\"></span>aw f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Me<span class=\"_ _5\"></span>anw<span class=\"_ _5\"></span>hil<span class=\"_ _5\"></span>e, s<span class=\"_ _5\"></span>aid f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner h<span class=\"_ _5\"></span>as fi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d for b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>upt<span class=\"_ _5\"></span>cy. Th<span class=\"_ _5\"></span>e ou<span class=\"_ _5\"></span>tcom<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>his cl<span class=\"_ _5\"></span>aim is s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill un<span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>. Ho<span class=\"_ _5\"></span>wev<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt cir<span class=\"_ _5\"></span>cum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e afo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d pen<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g le<span class=\"_ _5\"></span>gal pr<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to hav<span class=\"_ _5\"></span>e a mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>'s f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>In Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 2022, th<span class=\"_ _5\"></span>e Cham<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r of In<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e Cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of A<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>eal o<span class=\"_ _5\"></span>f Gh<span class=\"_ _5\"></span>ent d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup to c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>his de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s a ju<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ial inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>hich a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t was awar<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d by ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>dure t<span class=\"_ _5\"></span>o Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>, a fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>er Rus<span class=\"_ _5\"></span>sia<span class=\"_ _5\"></span>n joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pany o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p, fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of S<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>a (Rus<span class=\"_ _5\"></span>sia) in A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 201<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e summ<span class=\"_ _5\"></span>er mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>hs of 2<span class=\"_ _5\"></span>01<span class=\"_ _8\"></span>4 and 20<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5. The in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tigation was lau<span class=\"_ _3\"></span>nched following a<span class=\"_ _3\"></span> complaint<span class=\"_ _8\"></span> l<span class=\"_ _5\"></span>odged by a<span class=\"_ _3\"></span> competitor<span class=\"_ _8\"></span>, to whom said contract was not<span class=\"_ _3\"></span> granted by negotiated procedure,<span class=\"_ _8\"></span> and is based solely on selecti<span class=\"_ _5\"></span>ve information<span class=\"_ _3\"></span> provided by this<span class=\"_ _8\"></span> competi<span class=\"_ _5\"></span>tor<span class=\"_ _8\"></span>. DEME em<span class=\"_ _3\"></span>phasizes that<span class=\"_ _8\"></span> the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f Ind<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded o<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l to cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at no<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d have y<span class=\"_ _5\"></span>et had the<span class=\"_ _3\"></span> oppor<span class=\"_ _5\"></span>tunity to<span class=\"_ _3\"></span> submit substantive a<span class=\"_ _3\"></span>rguments regardi<span class=\"_ _3\"></span>ng the ch<span class=\"_ _3\"></span>arges brought<span class=\"_ _8\"></span> by the Public<span class=\"_ _3\"></span> Prosecutor<span class=\"_ _8\"></span>. In the cu<span class=\"_ _3\"></span>rrent circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it i<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ure to s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ta<span class=\"_ _5\"></span>kes c<span class=\"_ _5\"></span>are t<span class=\"_ _5\"></span>hat al<span class=\"_ _5\"></span>l it<span class=\"_ _5\"></span>s en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e law<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d reg<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>orc<span class=\"_ _5\"></span>e, inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e rul<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Reference is<span class=\"_ _3\"></span> made to<span class=\"_ _3\"></span> the summa<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>y of principal<span class=\"_ _8\"></span> accounting policies for information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the provisions.The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>l pla<span class=\"_ _5\"></span>n for r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>uri<span class=\"_ _5\"></span>ng. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>smi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>al p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s in the n<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod are im<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d are b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>ked as r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.The o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>re all r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the E<span class=\"_ _5\"></span>nvir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (all as<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e war<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>es) ar<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to the Of<span class=\"_ _5\"></span>fshore Energy segment.NOTE 25 \u2013 <span class=\"_ _5\"></span>RIG<span class=\"_ _5\"></span>HTS <span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>D COMM<span class=\"_ _5\"></span>ITM<span class=\"_ _5\"></span>ENTS <span class=\"_ _5\"></span>NOT R<span class=\"_ _5\"></span>EFLECTED IN T<span class=\"_ _5\"></span>HE BA<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CE S<span class=\"_ _5\"></span>HEE<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>COMMITMENTS GIVENAmo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f re<span class=\"_ _5\"></span>al guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s, gi<span class=\"_ _5\"></span>ven o<span class=\"_ _5\"></span>r irr<span class=\"_ _5\"></span>evo<span class=\"_ _5\"></span>cab<span class=\"_ _5\"></span>ly p<span class=\"_ _5\"></span>romi<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s inc<span class=\"_ _5\"></span>lude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>n the<span class=\"_ _5\"></span>ir ow<span class=\"_ _5\"></span>n as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>s se<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f ent<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>pri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s -<span class=\"_ _19a\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>81<span class=\"_ _5\"></span> </span>included in<span class=\"_ _3\"></span> the consolidation.Ban<span class=\"_ _5\"></span>k and in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>ance gu<span class=\"_ _5\"></span>ara<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmit<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>olid<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on.<span class=\"_ _1b7\"> </span><span class=\"ls8b ws99\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _166\"> </span><span class=\"ls78 ws86\">1,411,27<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>COMMITMENTS RE<span class=\"_ _3\"></span>CEIVEDBan<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>uri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y for c<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s to e<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>ded i<span class=\"_ _5\"></span>n the 12<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _59\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>35<span class=\"_ _5\"></span> </span>consolidation.FUTURE OPERA<span class=\"_ _8\"></span>TION<span class=\"_ _5\"></span>AL OBLIGA<span class=\"_ _8\"></span>TIONS ENTERED INTO<span class=\"_ _8\"></span> WITH SUPPLIERSIn the e<span class=\"_ _5\"></span>nvir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent DEM<span class=\"_ _5\"></span>E has t<span class=\"_ _5\"></span>he ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n to pay a f<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>ndf<span class=\"_ _5\"></span>il<span class=\"_ _5\"></span>l volum<span class=\"_ _5\"></span>e  <span class=\"_ _0\"></span>r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>ver th<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t 8 ye<span class=\"_ _5\"></span>ars f<span class=\"_ _5\"></span>or an e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d amou<span class=\"_ _5\"></span>nt of 9.<span class=\"_ _8\"></span>1 m<span class=\"_ _5\"></span>illio<span class=\"_ _5\"></span>n EUR.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-208-7": {
   "value": "Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESSummarised financial<span class=\"ls3 ws3\"> </span> information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _9d\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>30,61<span class=\"_ _8\"></span>0<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,826,690</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _15a\"> </span>53,<span class=\"_ _5\"></span>552<span class=\"_ _8f\"> </span>43,96<span class=\"_ _8\"></span>7<span class=\"_ _b2\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>472<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _246\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>06<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _293\"> </span>9,38<span class=\"_ _5\"></span>8<span class=\"_ _31\"> </span>90<span class=\"_ _15a\"> </span>21,016<span class=\"_ _c8\"> </span><span class=\"ls75 ws82\">2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _b2\"> </span><span class=\"ff72 ls1a4 ws1cb\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>1</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _23a\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>4<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _14e\"> </span>37,337<span class=\"_ _15d\"> </span><span class=\"ls57 ws60\">38<span class=\"_ _5\"></span>9,282<span class=\"_ _af\"> </span><span class=\"ff72 ls6b ws78\">471,93<span class=\"_ _5\"></span>7</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _294\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _1e7\"> </span>-7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7<span class=\"_ _169\"> </span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">2<span class=\"_ _5\"></span>,604<span class=\"_ _5\"></span>,622<span class=\"_ _89\"> </span><span class=\"ff72 ls5c ws65\">2,<span class=\"_ _5\"></span>619<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>857</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _213\"> </span>47,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _15a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ls58 ws61\">698,<span class=\"_ _5\"></span>325<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">76<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>18</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>1,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _2e\"> </span>3<span class=\"_ _5\"></span>19<span class=\"_ _91\"> </span>3<span class=\"_ _5\"></span>,625<span class=\"_ _8f\"> </span><span class=\"ls8b ws99\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>213<span class=\"_ _15a\"> </span><span class=\"ff72 ls69 ws75\">61<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>51</span></span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s ass<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es c<span class=\"_ _5\"></span>an be m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y fo<span class=\"_ _5\"></span>und i<span class=\"_ _5\"></span>n the C<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>ns s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt) o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>m are m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e of<span class=\"_ _4\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re w<span class=\"_ _5\"></span>ind f<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms C-Pow<span class=\"_ _5\"></span>er, Rentel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>s wel<span class=\"_ _5\"></span>l as to b<span class=\"_ _5\"></span>uild<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the r<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>dw<span class=\"_ _5\"></span>ay an<span class=\"_ _5\"></span>d tunne<span class=\"_ _5\"></span>l of Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg in t<span class=\"_ _5\"></span>he N<span class=\"_ _5\"></span>eth<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds (BA<span class=\"_ _4\"></span>AK<span class=\"_ _5\"></span>).Summarised financial <span class=\"ls3 ws3\"> </span>Concessionsinformation of main associates<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K <span class=\"_ _6\"></span> To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) C-Power NV<span class=\"_ _159\"> </span><span class=\"ls3 ws3\">Re<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _1de\"> </span><span class=\"lsa2 wsb1\">Seamade NV</span></span>Blankenburg- Verbinding BV(<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _259\"> </span>5<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>762<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span>1,062,5<span class=\"_ _8\"></span>73<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e4\"> </span><span class=\"ff72 ls16 ws1d\">2,41<span class=\"_ _8\"></span>9,407</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _23a\"> </span>112<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _93\"> </span>119<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _93\"> </span>1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _27d\"> </span><span class=\"ls75 ws82\">8<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>10<span class=\"_ _1e4\"> </span><span class=\"ff72 ls6b ws78\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>62<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>5</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>0<span class=\"_ _27d\"> </span>15<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>76<span class=\"_ _5\"></span>9<span class=\"_ _1ee\"> </span>1<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls7e ws8c\">5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _af\"> </span><span class=\"ff72 ls5c ws65\">6<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>51</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _297\"> </span>35<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>47<span class=\"_ _93\"> </span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _27d\"> </span>925<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>233<span class=\"_ _af\"> </span><span class=\"lsb wsc\">7<span class=\"_ _5\"></span>70,671<span class=\"_ _1e4\"> </span><span class=\"ff72 ls3 ws3\">2,6<span class=\"_ _5\"></span>95,8<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>72,<span class=\"_ _5\"></span>395<span class=\"_ _14e\"> </span>7<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _152\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _15a\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _3\"></span>08<span class=\"_ _159\"> </span><span class=\"ff72 ls3 ws3\">2<span class=\"_ _5\"></span>99,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>89</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _1e1\"> </span>318<span class=\"_ _5\"></span>,371<span class=\"_ _27d\"> </span>6<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>35<span class=\"_ _af\"> </span>924<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _15d\"> </span><span class=\"lsd wsf\">738<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>86<span class=\"_ _14f\"> </span><span class=\"ff72 lsf ws13\">2<span class=\"_ _5\"></span>,605,696</span></span>Income statementRevenues<span class=\"_ _e5\"> </span>12<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _93\"> </span>12<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>11<span class=\"_ _af\"> </span>14<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _af\"> </span><span class=\"ls55 ws5d\">26<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>41<span class=\"_ _15d\"> </span><span class=\"ff72 ls88 ws96\">6<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _22f\"> </span>5,7<span class=\"_ _5\"></span>87<span class=\"_ _8f\"> </span>21,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _213\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _8f\"> </span><span class=\"ff72 ls69 ws75\">51,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2 SUMMAR<span class=\"_ _3\"></span>ISED F<span class=\"_ _8\"></span>INANCIAL INFOR<span class=\"_ _3\"></span>MA<span class=\"_ _6\"></span>TION<span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTSummarised financial information of the<span class=\"_ _3\"></span> Group\u2019s associates<span class=\"_ _3\"></span> and joint<span class=\"_ _3\"></span> ventures <span class=\"ff70 ls3 ws3\">by seg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is s<span class=\"_ _5\"></span>et ou<span class=\"_ _5\"></span>t b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. This i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on </span>represents 1<span class=\"_ _3\"></span>00% amounts in<span class=\"_ _8\"></span> as<span class=\"_ _5\"></span>sociates and jo<span class=\"_ _3\"></span>int vent<span class=\"_ _8\"></span>ures financial statements prepared in<span class=\"_ _8\"></span> accordance with IF<span class=\"_ _3\"></span>RS Standard<span class=\"_ _3\"></span>s. Intercompany<span class=\"_ _8\"></span> trans<span class=\"_ _5\"></span>actions are not elim<span class=\"_ _3\"></span>inated.The reconciliation<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>tems are<span class=\"_ _8\"></span> related to the recognition of<span class=\"_ _8\"></span> th<span class=\"_ _5\"></span>e income<span class=\"_ _8\"></span> in accordance with the<span class=\"_ _8\"></span> DEME Group accounting<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>olicies and t<span class=\"_ _3\"></span>o the interc<span class=\"_ _3\"></span>ompany eli<span class=\"_ _3\"></span>minations.Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p\u2019s in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s is a<span class=\"_ _5\"></span>s follows.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _35\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _15a\"> </span><span class=\"ls55 ws5d\">16<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>24<span class=\"_ _b1\"> </span></span></span>1,<span class=\"_ _5\"></span>031,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _b2\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>,17<span class=\"_ _4\"></span>8</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _cc\"> </span>2,938<span class=\"_ _15f\"> </span><span class=\"lsf ws13\">1<span class=\"_ _8\"></span>62,679<span class=\"_ _93\"> </span><span class=\"ls8 ws8\">17<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>,11<span class=\"_ _4\"></span>5</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _2d\"> </span>19<span class=\"_ _5\"></span>8<span class=\"_ _93\"> </span><span class=\"ls7b ws89\">-6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,423<span class=\"_ _af\"> </span><span class=\"ff72 ls84 ws92\">-<span class=\"_ _5\"></span>64<span class=\"_ _5\"></span>,22<span class=\"_ _5\"></span>5</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 27<span class=\"_ _cc\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>471<span class=\"_ _7f\"> </span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsf ws13\">98<span class=\"_ _5\"></span>,256<span class=\"_ _da\"> </span><span class=\"ls31 ws3a\">106,889</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _f6\"> </span><span class=\"ls7a ws88\">27<span class=\"_ _91\"> </span><span class=\"ls75 ws82\">5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>1<span class=\"_ _163\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _8f\"> </span></span></span>9<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>4<span class=\"_ _27d\"> </span><span class=\"ff72 ls8 ws8\">1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _4\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _7\"></span>8<span class=\"_ _169\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8</span></span>Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _14e\"> </span>254,829<span class=\"_ _8\"></span> <span class=\"_ _7c\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span>8,<span class=\"_ _5\"></span>352 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"lsb wsc\">2<span class=\"_ _5\"></span>82,<span class=\"_ _5\"></span>877<span class=\"_ _5\"></span> </span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 12<span class=\"_ _4\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,9<span class=\"_ _5\"></span>01 <span class=\"_ _1e\"> </span></span>3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _af\"> </span>135,<span class=\"_ _2\"></span>14<span class=\"_ _5\"></span>8 </span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _221\"> </span>-<span class=\"_ _5\"></span>41,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _83\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _5\"></span>8 <span class=\"_ _84\"> </span><span class=\"ls1c ws26\">92<span class=\"_ _5\"></span>5 <span class=\"_ _55\"> </span></span>-<span class=\"_ _93\"> </span><span class=\"ls79 ws87\">-4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,528<span class=\"_ _5\"></span> </span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 80,628 <span class=\"_ _a9\"> </span><span class=\"ls3 ws3\">9,<span class=\"_ _5\"></span>939 <span class=\"_ _168\"> </span><span class=\"ls57 ws60\">4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _1bf\"> </span></span>-<span class=\"_ _202\"> </span></span>94,620 associates book<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>d as<span class=\"_ _3\"></span> a non-current<span class=\"_ _3\"></span> assetSummarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _f5\"> </span>25<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _91\"> </span>2,5<span class=\"_ _5\"></span>42<span class=\"_ _91\"> </span>5,<span class=\"_ _5\"></span>070<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls57 ws60\">259,8<span class=\"_ _5\"></span>59</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _228\"> </span><span class=\"ls34 ws3e\">104,25<span class=\"_ _3\"></span>8<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls56 ws5e\">8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>914<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span></span></span></span><span class=\"ff72\">14<span class=\"_ _8\"></span>1,296</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _19c\"> </span>2<span class=\"_ _3\"></span>54,829<span class=\"_ _7a\"> </span>19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _7e\"> </span>8,<span class=\"_ _5\"></span>352<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls7b ws89\">282,<span class=\"_ _5\"></span>877</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _d8\"> </span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>4<span class=\"_ _163\"> </span>1,78<span class=\"_ _5\"></span>3<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls38 ws41\">70,985</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _106\"> </span>34,6<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>7<span class=\"_ _91\"> </span>8,826<span class=\"_ _91\"> </span>3,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span><span class=\"ff72 ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _131\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>17<span class=\"_ _1e7\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>33<span class=\"_ _39\"> </span></span>-<span class=\"_ _7c\"> </span><span class=\"ff72 ls2c ws38\">22,<span class=\"_ _8\"></span>444</span>Income statementRevenues<span class=\"_ _1b3\"> </span>110<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _213\"> </span>16,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,13<span class=\"_ _4\"></span>2<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls16 ws1d\">1<span class=\"_ _8\"></span>34,451</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _298\"> </span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _a9\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">2,<span class=\"_ _5\"></span>353<span class=\"_ _39\"> </span></span>-<span class=\"_ _8f\"> </span><span class=\"ff72 ls137 ws144\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>10</span>The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s join<span class=\"_ _5\"></span>t vent<span class=\"_ _5\"></span>ure a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s rel<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>o of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (CDWE T<span class=\"_ _8\"></span>ai<span class=\"_ _5\"></span>wan a<span class=\"_ _5\"></span>nd D<span class=\"_ _5\"></span>eep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV<span class=\"_ _5\"></span>) an<span class=\"_ _5\"></span>d sa<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>age w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s (Sc<span class=\"_ _5\"></span>ald<span class=\"_ _5\"></span>is N<span class=\"_ _5\"></span>V)<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>hor<span class=\"_ _5\"></span>e Ener<span class=\"_ _5\"></span>gy s<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>gmen<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In th<span class=\"_ _5\"></span>e Dre<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ing &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>egm<span class=\"_ _5\"></span>ent m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in the j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, a 5<span class=\"_ _5\"></span>0% joi<span class=\"_ _5\"></span>nt ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th DEM<span class=\"_ _5\"></span>E Bui<span class=\"_ _5\"></span>ldi<span class=\"_ _5\"></span>ng Ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ials B<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e was n<span class=\"_ _5\"></span>o ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y in Ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ia (Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga L<span class=\"_ _5\"></span>LC) any<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>re in 2022.Reconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of associat<span class=\"_ _3\"></span>es<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3f\"> </span>-<span class=\"_ _91\"> </span>9,<span class=\"_ _5\"></span>955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's o<span class=\"_ _5\"></span>wne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">91,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"ls16 ws1d\">99,49<span class=\"_ _3\"></span>3</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _35\"> </span>197<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-6<span class=\"_ _5\"></span>0,300<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">-<span class=\"_\"> </span>6<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in -<span class=\"_ _1d\"> </span>5,020<span class=\"_ _cc\"> </span>2<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _7a\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>02<span class=\"_ _202\"> </span><span class=\"lse ws12\">39,390</span></span>associatesBo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _29d\"> </span>-<span class=\"_ _91\"> </span>5,020<span class=\"_ _1d\"> </span>2<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>05<span class=\"_ _7a\"> </span><span class=\"ls34 ws3e\">34,39<span class=\"_ _8\"></span>2<span class=\"_ _7a\"> </span><span class=\"ff72 ls33 ws3c\">42,21<span class=\"_ _8\"></span>7</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _19a\"> </span>-<span class=\"_ _39\"> </span>-<span class=\"_ _32\"> </span>-37<span class=\"_ _169\"> </span><span class=\"ls37 ws83\">-2,<span class=\"_ _3\"></span>790<span class=\"_ _15a\"> </span><span class=\"ff72 ls79 ws87\">-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>82<span class=\"_ _5\"></span>7</span></span>Th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>con<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he to<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>rr<span class=\"_ _4\"></span>yi<span class=\"_ _5\"></span>ng a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's i<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s as follows:Summarised financial <span class=\"ls3 ws3\"> </span>information of jo<span class=\"_ _3\"></span>int v<span class=\"_ _3\"></span>entures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _fc\"> </span>15<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>76<span class=\"_ _15a\"> </span>19<span class=\"_ _8\"></span>,266<span class=\"_ _cc\"> </span>5,266<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15f\"> </span><span class=\"ff72 ls5c ws65\">181,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _24b\"> </span>91,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _14e\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2<span class=\"_ _96\"> </span>7<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _29\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _29b\"> </span><span class=\"ff72 lse ws12\">1<span class=\"_ _8\"></span>36<span class=\"_ _5\"></span>,398</span></span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _254\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _f9\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _91\"> </span>5,4<span class=\"_ _5\"></span>66<span class=\"_ _7f\"> </span>2<span class=\"_ _7\"></span>,13<span class=\"_ _7\"></span>6<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span><span class=\"ff72 ls4c ws5f\">65<span class=\"_ _5\"></span>,523</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _21a\"> </span>34,69<span class=\"_ _8\"></span>7<span class=\"_ _7a\"> </span>2<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _7f\"> </span>3,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ff72 ls38 ws41\">60,<span class=\"_ _5\"></span>346</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _109\"> </span>27,497<span class=\"_ _168\"> </span>-1,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _168\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>27<span class=\"_ _39\"> </span></span>-<span class=\"_ _202\"> </span><span class=\"ff72 ls18 ws20\">23,305</span>Income statementRevenues<span class=\"_ _29c\"> </span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span>14<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>72<span class=\"_ _5\"></span>2<span class=\"_ _7e\"> </span>5<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15d\"> </span><span class=\"ff72 ls33 ws3c\">242,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>32</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _296\"> </span>4<span class=\"_ _5\"></span>,79<span class=\"_ _4\"></span>0<span class=\"_ _14e\"> </span>-<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>958<span class=\"_ _20\"> </span><span class=\"ls89 ws97\">817<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"ff72 ls19 ws16\">6<span class=\"_ _5\"></span>49</span>Summarised financial <span class=\"ls3 ws3\"> </span>information of associates<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R) (<span class=\"_ _8\"></span>100% standalone amou<span class=\"_ _3\"></span>nts)Financial positionNon-current assets<span class=\"_ _212\"> </span>-<span class=\"_ _2e\"> </span>12<span class=\"_ _5\"></span>5<span class=\"_ _202\"> </span>34,88<span class=\"_ _5\"></span>4<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>0<span class=\"_ _b2\"> </span><span class=\"ff72 ls33 ws3c\">2,952,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>49</span></span>Current<span class=\"_ _8\"></span> ass<span class=\"_ _5\"></span>ets<span class=\"_ _205\"> </span>-<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>47<span class=\"_ _15a\"> </span>42,363<span class=\"_ _15f\"> </span><span class=\"ls19 ws16\">966,044<span class=\"_ _1e4\"> </span></span><span class=\"ff72\">1,045,9<span class=\"_ _8\"></span>54</span>Equit<span class=\"_ _5\"></span>y<span class=\"_ _34\"> </span>-<span class=\"_ _91\"> </span>9,955<span class=\"_ _15a\"> </span>13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _af\"> </span><span class=\"lsc wsd\">6<span class=\"_ _5\"></span>51,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _af\"> </span><span class=\"ff72 ls5a ws63\">6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>11</span></span>Non-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>ent liabili<span class=\"_ _5\"></span>ties<span class=\"_ _299\"> </span>-<span class=\"_ _7f\"> </span>1,<span class=\"_ _5\"></span>715<span class=\"_ _15a\"> </span>23<span class=\"_ _5\"></span>,059<span class=\"_ _b1\"> </span><span class=\"ls13 ws9a\">2<span class=\"_ _3\"></span>,887<span class=\"_ _2\"></span>,89<span class=\"_ _3\"></span>2<span class=\"_ _1e4\"> </span><span class=\"ff72 ls33 ws3c\">2,91<span class=\"_ _2\"></span>2,666</span></span>Curren<span class=\"_ _5\"></span>t liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _29a\"> </span>-<span class=\"_ _202\"> </span>26,002<span class=\"_ _7a\"> </span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>19<span class=\"_ _15f\"> </span><span class=\"ls34 ws3e\">344,405<span class=\"_ _1ee\"> </span><span class=\"ff72 ls8 ws8\">4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>Ne<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial deb<span class=\"_ _5\"></span>t (+ is net de<span class=\"_ _5\"></span>bt)<span class=\"_ _f6\"> </span>-<span class=\"_ _168\"> </span>-7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14e\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsf ws13\">2,508,01<span class=\"_ _8\"></span>1<span class=\"_ _89\"> </span><span class=\"ff72 ls33 ws3c\">2,5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>2,595</span></span>Income statementRevenues<span class=\"_ _295\"> </span>-<span class=\"_ _8f\"> </span>43<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _8f\"> </span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,37<span class=\"_ _5\"></span>9<span class=\"_ _af\"> </span><span class=\"lsb wsc\">673,<span class=\"_ _5\"></span>026<span class=\"_ _af\"> </span><span class=\"ff72 ls8 ws8\">7<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>4</span></span>Res<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _1bf\"> </span>2<span class=\"_ _163\"> </span>3<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>1<span class=\"_ _14e\"> </span><span class=\"ls147 ws157\">6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _7a\"> </span><span class=\"ff72 ls38 ws41\">70,250</span></span>20<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>1 SUMMARISED<span class=\"_ _8\"></span> FINANCIAL<span class=\"_ _3\"></span> INFORMA<span class=\"_ _6\"></span>TION<span class=\"_ _3\"></span> <span class=\"ff76 ls3 ws3\"> </span>AN<span class=\"_ _5\"></span>D RECO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TI<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>N TO TH<span class=\"_ _5\"></span>E CA<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>RYI<span class=\"_ _5\"></span>NG A<span class=\"_ _5\"></span>M<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>NTOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSReconciliation<span class=\"_ _3\"></span> to the<span class=\"_ _8\"></span> carr<span class=\"_ _5\"></span>ying amount of joint<span class=\"_ _8\"></span> ventures<span class=\"ls3 ws3\"> </span>Of<span class=\"_ _5\"></span>fshore Dredging &amp;<span class=\"_ _8\"></span><span class=\"ls3 ws3\"> </span>Environmental<span class=\"_ _14f\"> </span>Concessions<span class=\"_ _ce\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>al</span>EnergyInfra2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Ne<span class=\"_ _5\"></span>t ass<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>f as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s: 100% s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>lon<span class=\"_ _5\"></span>e amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _169\"> </span>15<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,751<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _5\"></span>9<span class=\"_ _39\"> </span></span>-<span class=\"_ _15d\"> </span><span class=\"ff72 ls5c ws65\">191,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span>Pr<span class=\"_ _5\"></span>opo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p's ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>shi<span class=\"_ _5\"></span>p in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _7a\"> </span>14<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>618<span class=\"_ _1d\"> </span>2,434<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7a\"> </span><span class=\"ls8 ws8\">9<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4</span></span>the standalone amountsReconc<span class=\"_ _5\"></span>iliation i<span class=\"_ _5\"></span>tems<span class=\"_ _20f\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _95\"> </span><span class=\"ls84 ws92\">-4<span class=\"_ _5\"></span>65<span class=\"_ _35\"> </span><span class=\"ls1c ws26\">925<span class=\"_ _27\"> </span></span></span>-<span class=\"_ _c0\"> </span><span class=\"ff72 ls10 ws14\">460</span></span>Ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t in 73,0<span class=\"_ _5\"></span>52<span class=\"_ _15a\"> </span>1<span class=\"_ _5\"></span>4<span class=\"_\"> </span>,15<span class=\"_ _5\"></span>3<span class=\"_ _7e\"> </span>3,<span class=\"_ _5\"></span>359<span class=\"_ _39\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _7c\"> </span><span class=\"ls16 ws1d\">90,564</span></span>associatesOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _2a3\"> </span><span class=\"ls18 ws20\">4,23<span class=\"_ _5\"></span>9<span class=\"_ _186\"> </span><span class=\"ls67 ws72\">3,<span class=\"_ _5\"></span>221</span></span>Additions<span class=\"_ _2a4\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _11c\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>018</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a5\"> </span><span class=\"ls75 ws82\">-310<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _df\"> </span>-<span class=\"_ _120\"> </span>-yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _2a6\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a7\"> </span><span class=\"ls5a ws63\">11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _186\"> </span><span class=\"ls18 ws20\">4<span class=\"_ _5\"></span>,239</span></span>Ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s <span class=\"ff70 ls170 ws185\">are non-current operating<span class=\"_ _3\"></span> receivables and loans.</span>The <span class=\"ff73 ls116 ws9d\">addition</span><span class=\"ls3 ws3\"> of 7<span class=\"_ _8\"></span>.9 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng te<span class=\"_ _5\"></span>rm p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the 10 milli<span class=\"_ _5\"></span>on l<span class=\"_ _5\"></span>oan g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the b<span class=\"_ _5\"></span>uy<span class=\"_ _5\"></span>er of t<span class=\"_ _5\"></span>he \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>.</span>JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-206-5": {
   "value": "A<span class=\"_ _5\"></span>s for t<span class=\"_ _5\"></span>he <span class=\"ff73 ls116 ws9d\">divide<span class=\"_ _5\"></span>nds distributed by<span class=\"_ _3\"></span> the participations<span class=\"ff70 lsb1 wsbe\"> in 20<span class=\"_ _8\"></span>22, the a<span class=\"_ _3\"></span>mount received from<span class=\"_ _3\"></span> associates comes from the participations </span></span>Rent<span class=\"_ _5\"></span>el N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d C<span class=\"_ _3\"></span>-P<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>r NV, where<span class=\"_ _5\"></span>as t<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y com<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>rom T<span class=\"_ _8\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>a NV.Investments<span class=\"ls3 ws3\"> </span>Investments<span class=\"ls3 ws3\"> </span>Changes o<span class=\"_ _8\"></span>ver the<span class=\"_ _3\"></span> period<span class=\"ls3 ws3\"> </span>Investments Investments in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2022in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)in associatesin associatesventure<span class=\"_ _5\"></span>sventure<span class=\"_ _5\"></span>sBalance at January 1<span class=\"_ _22f\"> </span>90,564<span class=\"_ _110\"> </span>39<span class=\"_ _3\"></span>,390<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,95<span class=\"_ _5\"></span>4<span class=\"_ _110\"> </span><span class=\"ls6b ws78\">71,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _1de\"> </span><span class=\"ls4c ws5f\">2<span class=\"_ _5\"></span>8,737<span class=\"_ _110\"> </span></span></span>9<span class=\"_ _5\"></span>9,98<span class=\"_ _5\"></span>5</span>Additions<span class=\"_ _f5\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>93<span class=\"_ _14f\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _1e3\"> </span>22,6<span class=\"_ _5\"></span>65<span class=\"_ _14f\"> </span>15<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>15<span class=\"_ _7c\"> </span><span class=\"ls89 ws97\">417<span class=\"_ _1e4\"> </span><span class=\"ls59 ws62\">1<span class=\"_ _3\"></span>5,632</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _21c\"> </span>-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>13<span class=\"_ _84\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _111\"> </span></span>-1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>13<span class=\"_ _1dd\"> </span><span class=\"ls7f ws8d\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057<span class=\"_ _81\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _ae\"> </span></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>057</span>Shar<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons 5,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>91<span class=\"_ _1df\"> </span>9,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>15,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _73\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _89\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8</span></span> <span class=\"_ _0\"></span>accounted for using the<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity methodMovement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e Dividends distributed by the participations<span class=\"_ _1ee\"> </span><span class=\"ls75 ws82\">-2<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b1\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _b0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span></span></span></span>-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _ac\"> </span>-<span class=\"_ _3\"></span>10,<span class=\"_ _4\"></span>47<span class=\"_ _5\"></span>9</span>yearOth<span class=\"_ _5\"></span>er comprehensive income<span class=\"_ _116\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7<span class=\"_ _14f\"> </span>49<span class=\"_ _5\"></span>,33<span class=\"_ _5\"></span>9<span class=\"_ _14f\"> </span>50<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>516<span class=\"_ _235\"> </span>344<span class=\"_ _1e3\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _14f\"> </span>10<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>70</span>Oth<span class=\"_ _5\"></span>er movements<span class=\"_ _2f\"> </span>336<span class=\"_ _89\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _b2\"> </span>-3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>0<span class=\"_ _15d\"> </span>-2<span class=\"_ _5\"></span>07<span class=\"_ _c8\"> </span><span class=\"ls59 ws62\">-5,367<span class=\"_ _c8\"> </span><span class=\"ls8b ws99\">-5<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>74</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _20a\"> </span>-2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>49<span class=\"_ _235\"> </span>730<span class=\"_ _111\"> </span>-<span class=\"_ _5\"></span>2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>9<span class=\"_ _c7\"> </span>4<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>6<span class=\"_ _235\"> </span><span class=\"ls7c ws8a\">6<span class=\"_ _5\"></span>69<span class=\"_ _1df\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>415</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _22e\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>619<span class=\"_ _1f1\"> </span>106,89<span class=\"_ _8\"></span>1<span class=\"_ _28d\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>510<span class=\"_ _110\"> </span>90,564<span class=\"_ _110\"> </span><span class=\"lse ws12\">39<span class=\"_ _8\"></span>,39<span class=\"_ _5\"></span>0<span class=\"_ _1f1\"> </span><span class=\"ls3 ws3\">129,954</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _292\"> </span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>19<span class=\"_ _143\"> </span>1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,12<span class=\"_ _7\"></span>9<span class=\"_ _149\"> </span><span class=\"ff72 ls5a ws63\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,74<span class=\"_ _4\"></span>8<span class=\"_ _1e3\"> </span></span>90,564<span class=\"_ _1e3\"> </span><span class=\"ls89 ws97\">4<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _143\"> </span><span class=\"ff72 ls137 ws144\">132<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1</span></span>Bo<span class=\"_ _5\"></span>oked a<span class=\"_ _5\"></span>s a non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty (- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit)<span class=\"_ _1b8\"> </span>-<span class=\"_ _c8\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _b2\"> </span><span class=\"ff72 ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _84\"> </span></span>-<span class=\"_ _c8\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>827<span class=\"_ _89\"> </span><span class=\"ff72 ls79 ws87\">-2,8<span class=\"_ _5\"></span>27</span></span>NOTE 8 <span class=\"_ _5\"></span>\u2013 IN<span class=\"_ _5\"></span>VE<span class=\"_ _5\"></span>STMEN<span class=\"_ _5\"></span>TS I<span class=\"_ _5\"></span>N JO<span class=\"_ _5\"></span>INT V<span class=\"_ _5\"></span>ENTU<span class=\"_ _5\"></span>RES <span class=\"_ _5\"></span>AND <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSOCI<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TESPRO<span class=\"_ _5\"></span>P<span class=\"_ _5\"></span>OS<span class=\"_ _5\"></span>ED A<span class=\"_ _5\"></span>ND D<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>ST<span class=\"_ _5\"></span>RI<span class=\"_ _5\"></span>BU<span class=\"_ _5\"></span>TE<span class=\"_ _5\"></span>D DI<span class=\"_ _5\"></span>VI<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>DSFor t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020 a div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 20,<span class=\"_ _5\"></span>421<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>450 EUR w<span class=\"_ _5\"></span>as p<span class=\"_ _5\"></span>aid to C<span class=\"_ _5\"></span>FE NV o<span class=\"_ _5\"></span>n May 14, 202<span class=\"_ _3\"></span>1, corre<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>o 4.<span class=\"_ _5\"></span>5 EUR gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. An i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d, p<span class=\"_ _5\"></span>aid o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f the a<span class=\"_ _5\"></span>ccum<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>ed r<span class=\"_ _5\"></span>esu<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>r 2020, wa<span class=\"_ _5\"></span>s app<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ved by DEM<span class=\"_ _5\"></span>E NV<span class=\"_ _5\"></span>\u2019s sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>der f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 4<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>42,9<span class=\"_ _5\"></span>00 EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ond<span class=\"_ _5\"></span>ing to 9 EU<span class=\"_ _5\"></span>R gro<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end p<span class=\"_ _5\"></span>er s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s di<span class=\"_ _5\"></span>vid<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>d was p<span class=\"_ _5\"></span>aid to CFE N<span class=\"_ _5\"></span>V on M<span class=\"_ _5\"></span>arch 25<span class=\"_ _5\"></span>, 2022. No ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>d wa<span class=\"_ _5\"></span>s dec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on by D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V<span class=\"_ _5\"></span>\u2019s shar<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r on th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at th<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>d of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al y<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>021.DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up'<span class=\"_ _5\"></span>s Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s wil<span class=\"_ _5\"></span>l pro<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>o th<span class=\"_ _5\"></span>e Gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al A<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sem<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>y, on May 1<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>, 2023, to d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>te a gr<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>end o<span class=\"_ _5\"></span>f 1.5 eur<span class=\"_ _5\"></span>o per s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>e. Su<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>mbl<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d dat<span class=\"_ _5\"></span>e is pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be s<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>t Jul<span class=\"_ _5\"></span>y 4, 2023<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>6 <span class=\"_ _5\"></span>\u2013 SH<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>E C<span class=\"_ _5\"></span>API<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AL<span class=\"_ _4\"></span>, D<span class=\"_ _5\"></span>IVI<span class=\"_ _5\"></span>DEN<span class=\"_ _5\"></span>DS A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>RES<span class=\"_ _5\"></span>ERVESRE<span class=\"_ _5\"></span>T<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>ED E<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RN<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND OT<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>R RE<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>RV<span class=\"_ _5\"></span>ESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. In t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low, we f<span class=\"_ _5\"></span>ur<span class=\"_ _4\"></span>the<span class=\"_ _5\"></span>r de<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>l the m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of th<span class=\"_ _5\"></span>e pe<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>od in <span class=\"ff73 ls1ba ws1df\">re<span class=\"_ _5\"></span>tained earnings and other reserves<span class=\"_ _5\"></span>.</span>Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Revaluation Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and surplusreservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2022<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111<span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span>3<span class=\"_ _5\"></span>,270<span class=\"_ _b2\"> </span>2<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7<span class=\"_ _ad\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>316<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,6<span class=\"_ _3\"></span>18,824</span></span>Par<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t 2021<span class=\"_ _249\"> </span>7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>17<span class=\"_ _1df\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>17<span class=\"_ _1d9\"> </span></span><span class=\"ff72\">-</span>Dividends paid<span class=\"_ _2c3\"> </span><span class=\"ls81 ws8f\">-40,84<span class=\"_ _8\"></span>3<span class=\"_ _147\"> </span><span class=\"ff72 ls38 ws41\">-<span class=\"_ _5\"></span>40,84<span class=\"_ _5\"></span>3</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _1a4\"> </span><span class=\"ls76 ws84\">11<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _b1\"> </span><span class=\"ff72 ls5a ws63\">112<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0</span></span>Oth<span class=\"_ _5\"></span>er<span class=\"_ _15b\"> </span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _91\"> </span><span class=\"ls59 ws62\">20<span class=\"_ _5\"></span>8<span class=\"_ _73\"> </span></span>-<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _1ee\"> </span>-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _14f\"> </span>-24<span class=\"_ _5\"></span>9,7<span class=\"_ _5\"></span>76<span class=\"_ _2b0\"> </span><span class=\"ls78 ws86\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _ac\"> </span><span class=\"ff72 ls33 ws3c\">-47<span class=\"_ _8\"></span>2,429</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2022<span class=\"_ _c8\"> </span>4<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>319<span class=\"_ _7c\"> </span>1,716<span class=\"_ _235\"> </span>1,<span class=\"_ _4\"></span>914<span class=\"_ _b9\"> </span>55,625<span class=\"_ _1e3\"> </span><span class=\"ls28 ws35\">668,298<span class=\"_ _1f1\"> </span><span class=\"ls67 ws72\">1,218<span class=\"_ _5\"></span>,272</span></span>The l<span class=\"_ _5\"></span>ine \u2018<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>s to t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t tha<span class=\"_ _5\"></span>t sin<span class=\"_ _5\"></span>ce Jun<span class=\"_ _5\"></span>e 29, 2022, th<span class=\"_ _5\"></span>ere i<span class=\"_ _5\"></span>s a new p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>roup N<span class=\"_ _5\"></span>V on t<span class=\"_ _5\"></span>op of D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V tha<span class=\"_ _5\"></span>t was t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny at t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aine<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2022 are th<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he new parent<span class=\"_ _3\"></span> company<span class=\"_ _3\"></span> DEME Group<span class=\"_ _8\"></span> NV<span class=\"_ _3\"></span>.Parent c<span class=\"_ _3\"></span>ompany<span class=\"_ _8\"></span> res<span class=\"_ _5\"></span>erves before p<span class=\"_ _3\"></span>rofit distribution2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Un<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>d Available<span class=\"_ _3\"></span> Re<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ed Consolidation (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Legal reservesearnings and reservesreservesearningsreservesother reservesBa<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t Jan<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 1, 2021<span class=\"_ _10a\"> </span>3<span class=\"_ _4\"></span>,111 <span class=\"_ _ae\"> </span>2<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>922<span class=\"_ _77\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>,270<span class=\"_ _89\"> </span></span>225,4<span class=\"_ _5\"></span>35<span class=\"_ _1f1\"> </span><span class=\"ls59 ws62\">1,263,926<span class=\"_ _1e9\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>52<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4</span></span>Paren<span class=\"_ _5\"></span>t company r<span class=\"_ _5\"></span>esul<span class=\"_ _5\"></span>t 2020<span class=\"_ _2a1\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _73\"> </span>-<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>13<span class=\"_ _31\"> </span><span class=\"ff72 ls3 ws3\">-</span></span>Dividends paid<span class=\"_ _2c4\"> </span><span class=\"ls88 ws96\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421<span class=\"_ _f2\"> </span><span class=\"ff72 ls79 ws87\">-20<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>421</span></span>Res<span class=\"_ _5\"></span>ult s<span class=\"_ _5\"></span>hare o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up<span class=\"_ _2c5\"> </span><span class=\"ls76 ws84\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _b2\"> </span><span class=\"ff72 ls5a ws63\">114<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>1</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021<span class=\"_ _4c\"> </span>3<span class=\"_ _5\"></span>,111<span class=\"_ _5\"></span> <span class=\"_ _ae\"> </span>28<span class=\"_ _5\"></span>,92<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span>3,<span class=\"_ _5\"></span>270<span class=\"_ _c8\"> </span>2<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _28d\"> </span><span class=\"lsd9 wse4\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _28d\"> </span><span class=\"lsf ws13\">1,61<span class=\"_ _8\"></span>8,<span class=\"_ _5\"></span>824</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-225-6": {
   "value": "OTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>L AS<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>S(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _29e\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51<span class=\"_ _19a\"> </span><span class=\"ls137 ws144\">3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>13</span></span>Additions<span class=\"_ _29f\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9<span class=\"_ _97\"> </span><span class=\"ls19 ws16\">98<span class=\"_ _5\"></span>4</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a0\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>6<span class=\"_ _127\"> </span><span class=\"ls55 ws5d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>41</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _54\"> </span><span class=\"ls6b ws78\">3<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>81<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">5,995</span></span>yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _136\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _2a1\"> </span><span class=\"ls123 ws11e\">44<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a2\"> </span><span class=\"ls84 ws92\">32,<span class=\"_ _5\"></span>54<span class=\"_ _5\"></span>0<span class=\"_ _184\"> </span><span class=\"ls69 ws75\">33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>51</span></span>Loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oint v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>res a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _4a\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _19a\"> </span><span class=\"ff72 lsf ws13\">25,668</span></span>Of w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>hOt<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _66\"> </span><span class=\"lsb wsc\">8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>67<span class=\"_ _145\"> </span><span class=\"ff72 ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>3</span></span>Additions<span class=\"ff70 ls3 ws3\"> of 10.<span class=\"_ _8\"></span>7 mi<span class=\"_ _5\"></span>lli<span class=\"_ _5\"></span>on EUR in 2<span class=\"_ _5\"></span>022 are mai<span class=\"_ _5\"></span>nly l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns gr<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>d to T<span class=\"_ _5\"></span>his<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s (2.3 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R) an<span class=\"_ _5\"></span>d Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>ore M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne </span>(6.8 million EUR).Disposals <span class=\"ff70 lsb1 wsbe\">include<span class=\"_ _8\"></span><span class=\"ff73 ls3 ws3\"> <span class=\"ff70\">a<span class=\"_ _5\"></span>n amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f 1<span class=\"_ _8\"></span>1.5 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R in 2022 and 6<span class=\"_ _5\"></span>.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR i<span class=\"_ _5\"></span>n 2021 for rep<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t of lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>een g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to </span></span></span>the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es d<span class=\"_ _5\"></span>evel<span class=\"_ _5\"></span>opi<span class=\"_ _5\"></span>ng an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>anwh<span class=\"_ _5\"></span>ile o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he Re<span class=\"_ _5\"></span>ntel a<span class=\"_ _5\"></span>nd S<span class=\"_ _5\"></span>eam<span class=\"_ _5\"></span>ade o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>d far<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n 2022 also a s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>an of 3 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R was p<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d bac<span class=\"_ _5\"></span>k wi<span class=\"_ _5\"></span>thi<span class=\"_ _5\"></span>n the D<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng &amp; In<span class=\"_ _5\"></span>fr<span class=\"_ _5\"></span>a se<span class=\"_ _5\"></span>gme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>.No e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s are r<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>rd<span class=\"_ _5\"></span>ed on o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er no<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s as t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt o<span class=\"_ _5\"></span>f the l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws a s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>id bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s plan.The e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or w<span class=\"_ _5\"></span>hom t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>hare i<span class=\"_ _5\"></span>n the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s i<span class=\"_ _5\"></span>s ne<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>, are a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o oth<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019s inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e su<span class=\"_ _5\"></span>ch as s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r lo<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>n equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>his a<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n is pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>n the line <span class=\"ff73 ls3 ws3\">\u2018<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019. <span class=\"ff70\">The amo<span class=\"_ _5\"></span>unt c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e or ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e as th<span class=\"_ _5\"></span>e tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>om re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e to inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t </span></span>ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes i<span class=\"_ _5\"></span>s reve<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d onc<span class=\"_ _5\"></span>e the n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e equi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted i<span class=\"_ _5\"></span>nves<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>ve a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>.The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>, o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n loa<span class=\"_ _5\"></span>ns to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m dep<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 9 <span class=\"_ _5\"></span>\u2013 OTHE<span class=\"_ _5\"></span>R NO<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>CURR<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSOTH<span class=\"_ _5\"></span>ER N<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>SE<span class=\"_ _5\"></span>TS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _2a3\"> </span><span class=\"ls18 ws20\">4,23<span class=\"_ _5\"></span>9<span class=\"_ _186\"> </span><span class=\"ls67 ws72\">3,<span class=\"_ _5\"></span>221</span></span>Additions<span class=\"_ _2a4\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _11c\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>018</span></span>Dispos<span class=\"_ _5\"></span>als (<span class=\"_ _8\"></span>-)<span class=\"_ _2a5\"> </span><span class=\"ls75 ws82\">-310<span class=\"_ _1e6\"> </span><span class=\"ls3 ws3\">-</span></span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>fer (t<span class=\"_ _5\"></span>o) fro<span class=\"_ _5\"></span>m oth<span class=\"_ _5\"></span>er i<span class=\"_ _5\"></span>tems<span class=\"_ _df\"> </span>-<span class=\"_ _120\"> </span>-yearOth<span class=\"_ _5\"></span>er movements<span class=\"_ _2a6\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>anslati<span class=\"_ _5\"></span>on dif<span class=\"_ _5\"></span>ference<span class=\"_ _5\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _2a7\"> </span><span class=\"ls5a ws63\">11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _186\"> </span><span class=\"ls18 ws20\">4<span class=\"_ _5\"></span>,239</span></span>Ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s <span class=\"ff70 ls170 ws185\">are non-current operating<span class=\"_ _3\"></span> receivables and loans.</span>The <span class=\"ff73 ls116 ws9d\">addition</span><span class=\"ls3 ws3\"> of 7<span class=\"_ _8\"></span>.9 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR is m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ng te<span class=\"_ _5\"></span>rm p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f the 10 milli<span class=\"_ _5\"></span>on l<span class=\"_ _5\"></span>oan g<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the b<span class=\"_ _5\"></span>uy<span class=\"_ _5\"></span>er of t<span class=\"_ _5\"></span>he \u2018<span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>\u2019 ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>.</span>NOTE 1<span class=\"_ _8\"></span>5 \u2013 <span class=\"_ _5\"></span>OTHER <span class=\"_ _5\"></span>CURRE<span class=\"_ _5\"></span>NT A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ETSBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>De<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ccr<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d inco<span class=\"_ _5\"></span>me<span class=\"_ _200\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _5e\"> </span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,710<span class=\"_ _5\"></span> </span>Envir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al lan<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ill v<span class=\"_ _5\"></span>olum<span class=\"_ _5\"></span>e res<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>va<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n fee<span class=\"_ _60\"> </span><span class=\"ls59 ws62\">8,320 <span class=\"_ _2ba\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span></span>Adv<span class=\"_ _5\"></span>ance p<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>n purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t of ma<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>ial r<span class=\"_ _5\"></span>egar<span class=\"_ _5\"></span>ding c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ion c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s  14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls79 ws87\">14,952<span class=\"_ _5\"></span> </span>for c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s no<span class=\"_ _5\"></span>t incur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dOt<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _1a1\"> </span><span class=\"ls6e ws7b\">124<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _4b\"> </span><span class=\"ls8 ws8\">6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> </span></span>Deferred charges and accrued i<span class=\"_ _3\"></span>ncome include<span class=\"_ _8\"></span> amongs<span class=\"_ _5\"></span>t others deferred hedge charges for<span class=\"_ _3\"></span> construc<span class=\"_ _5\"></span>tion contracts<span class=\"_ _5\"></span>, only for<span class=\"_ _3\"></span> their percentage not completed. The<span class=\"_ _8\"></span> he<span class=\"_ _5\"></span>dge charges<span class=\"_ _3\"></span> of construction contrac<span class=\"_ _5\"></span>ts are recorded as c<span class=\"_ _3\"></span>onstruc<span class=\"_ _5\"></span>tion cost for the percentage<span class=\"_ _3\"></span> comp<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d. Th<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>n 2022 comp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 2021 is rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e cha<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the n<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re e<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>gy co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in t<span class=\"_ _5\"></span>he US.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-229-11": {
   "value": "NOTE 10 \u2013 CURRENT TAXES AND DEFERRED TAXESBalance at December 31CURRENT INCOME TAX RECEIVABLES AND PAYABLESBalance at December 31(in thousands of EUR) 2022 2021Current income tax receivables (+ is debet) 21,593 32,303Current income tax payables (+ is credit) 66,571 76,370Current income tax receivables are included in trade and other operating receivables in the consolidated statement of financial position.Reference is made to note (10) for current income tax receivables.(in thousands of EUR)2022 2021Trade receivables gross amount 424,476  314,175 Amounts written off -13,018  -18,423 Trade receivables net amount 411,458  295,752 Corporation taxes 21,593  32,302 Value added tax (VAT) 27,642  41,354 Other operating receivables 8,836  14,614 Total trade and other operating receivables 469,529  384,022 The increase in trade receivables of 115.7 million EUR at the end of 2022 is partially compensated by a decrease in all other operating receivables for an amount of 30.2 million EUR. The increase in trade and other operating receivables is partly due to an increase in activities but mainly due to the progress of major projects and the timing of invoicing as contract assets are transferred to receivables upon acceptance by the client. The increase in trade receivables is not caused by an increase in overdue amounts.NOTE 13 \u2013 TRADE AND OTHER OPERATING RECEIVABLESBalance at December 31",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-229-12": {
   "value": "NOTE 1<span class=\"_ _3\"></span>0 \u2013 CU<span class=\"_ _5\"></span>RREN<span class=\"_ _5\"></span>T T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D D<span class=\"_ _5\"></span>EFERRE<span class=\"_ _5\"></span>D T<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>XE<span class=\"_ _5\"></span>SBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DE<span class=\"_ _5\"></span>FER<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>D T<span class=\"_ _2\"></span>A<span class=\"_ _4\"></span>X A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ES R<span class=\"_ _5\"></span>ECOR<span class=\"_ _5\"></span>D<span class=\"_ _5\"></span>ED I<span class=\"_ _5\"></span>N OTH<span class=\"_ _5\"></span>ER CO<span class=\"_ _5\"></span>MP<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>HE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>VE I<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>COM<span class=\"_ _5\"></span>EThe f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>n de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, as we<span class=\"_ _5\"></span>ll as t<span class=\"_ _5\"></span>he it<span class=\"_ _5\"></span>ems t<span class=\"_ _5\"></span>hey r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to, w<span class=\"_ _5\"></span>ere r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er comprehensive inc<span class=\"_ _3\"></span>ome:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _3b\"> </span>60<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>577<span class=\"_ _202\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _213\"> </span><span class=\"ls7a ws88\">45,455</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _101\"> </span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>247<span class=\"_ _168\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _7f\"> </span><span class=\"ls6b ws78\">3,953</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _27c\"> </span>65,<span class=\"_ _5\"></span>824<span class=\"_ _152\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _3\"></span>16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>416<span class=\"_ _202\"> </span><span class=\"ls3 ws3\">49,4<span class=\"_ _5\"></span>08</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Before <span class=\"_ _6\"></span><span class=\"ls3 ws3\"> </span>Ne<span class=\"_ _5\"></span>t of <span class=\"_ _2\"></span> Income taxincome taxincome tax(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Chan<span class=\"_ _5\"></span>ges i<span class=\"_ _5\"></span>n fai<span class=\"_ _5\"></span>r valu<span class=\"_ _5\"></span>e rela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _212\"> </span>6<span class=\"_ _5\"></span>,408<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _7e\"> </span><span class=\"ls7c ws8a\">4,<span class=\"_ _5\"></span>582</span></span>Remeasurement of<span class=\"_ _3\"></span> net liabi<span class=\"_ _3\"></span>lities relating to<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>fined benef<span class=\"_ _5\"></span>it plans<span class=\"_ _10b\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _20\"> </span><span class=\"ls4b ws53\">259<span class=\"_ _95\"> </span><span class=\"ls16 ws1d\">-846</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _1b2\"> </span>5<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>03<span class=\"_ _164\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _7e\"> </span><span class=\"ls5c ws65\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6</span></span>INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.SUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>F<span class=\"_ _2\"></span>AIR V<span class=\"_ _6\"></span>ALUES<span class=\"_ _8\"></span> &amp; HIER<span class=\"_ _5\"></span>ARCHYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e lev<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion h<span class=\"_ _5\"></span>ier<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>hy of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>3, d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>endi<span class=\"_ _5\"></span>ng on t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f inpu<span class=\"_ _5\"></span>t us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he valuation of<span class=\"_ _3\"></span> financial instruments.- <span class=\"_ _a7\"> </span>Level 1 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are un<span class=\"_ _5\"></span>adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted q<span class=\"_ _5\"></span>uo<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces in a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. No v<span class=\"_ _5\"></span>alua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>del i<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In le<span class=\"_ _5\"></span>vel 1, we f<span class=\"_ _5\"></span>ind al<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts (v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e) wi<span class=\"_ _5\"></span>th a pu<span class=\"_ _5\"></span>blic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g in an a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>Level 2 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces q<span class=\"_ _5\"></span>uot<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or si<span class=\"_ _5\"></span>milar a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>n ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, or d<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>a bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on or s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by obser<span class=\"_ _5\"></span>vable market<span class=\"_ _3\"></span> data. A valuation<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on observ<span class=\"_ _5\"></span>able parameters such<span class=\"_ _3\"></span> as discounted<span class=\"_ _3\"></span> cashflow model, the comparison with another simi<span class=\"_ _3\"></span>lar instrument, the determination<span class=\"_ _8\"></span> of prices by third parties;- <span class=\"_ _a7\"> </span>Level 3 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vab<span class=\"_ _5\"></span>le da<span class=\"_ _5\"></span>ta f<span class=\"_ _5\"></span>or d<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rmi<span class=\"_ _5\"></span>ning t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, e.g. s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or whi<span class=\"_ _5\"></span>ch no p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic lis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>s avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e, l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es to c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, val<span class=\"_ _5\"></span>ued a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>tc<span class=\"_ _5\"></span>.Se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low i<span class=\"_ _5\"></span>s an ove<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>wn in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. All f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to L<span class=\"_ _5\"></span>evel 2<span class=\"_ _5\"></span>. Dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e wer<span class=\"_ _5\"></span>e no t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Le<span class=\"_ _5\"></span>vel 1 and L<span class=\"_ _5\"></span>evel 2 f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>o tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s into a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f Leve<span class=\"_ _5\"></span>l 3 fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _12d\"> </span>39,336<span class=\"_ _7c\"> </span>44<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>32<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _158\"> </span><span class=\"ls79 ws87\">8<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>92 </span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _202\"> </span>32,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>32,5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">33,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>02 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls4b ws53\">39,33<span class=\"_ _5\"></span>6 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _15a\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> </span></span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _8d\"> </span>22,<span class=\"_ _5\"></span>022 <span class=\"_ _1e4\"> </span>1,<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>,023 <span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _159\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span><span class=\"lsb wsc\">4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>677 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls57 ws60\">22,022 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>22,022 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>22<span class=\"_ _5\"></span>,022 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls7f ws8d\">5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,233 <span class=\"_ _da\"> </span>1<span class=\"_ _2\"></span>24,23<span class=\"_ _8\"></span>3 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _3\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _28\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61 <span class=\"_ _29b\"> </span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls31 ws3a\">84<span class=\"_ _5\"></span>4,803<span class=\"_ _3\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls3 ws3\">798<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>95 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15f\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _b9\"> </span>78<span class=\"_ _5\"></span>9,9<span class=\"_ _5\"></span>04 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"ls19 ws16\">74<span class=\"_ _8\"></span>3,396 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls7f ws8d\">53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8 <span class=\"_ _1e\"> </span>1,2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>1,<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _17b\"> </span>3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls3 ws3\">1,358<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 <span class=\"_ _1de\"> </span></span>1,390,039<span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15d\"> </span>252<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>870 <span class=\"_ _159\"> </span>2<span class=\"_ _5\"></span>52,<span class=\"_ _5\"></span>870 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _29b\"> </span><span class=\"ls4c ws5f\">262<span class=\"_ _5\"></span>,980<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _12d\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">7<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span>72,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _27d\"> </span><span class=\"lsd wsf\">777<span class=\"_ _8\"></span>,705 <span class=\"_ _15f\"> </span>777<span class=\"_ _8\"></span>,705 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _27d\"> </span></span>777<span class=\"_ _8\"></span>,705 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>3 <span class=\"_ _7c\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls57 ws60\">89,<span class=\"_ _5\"></span>982 <span class=\"_ _78\"> </span>89,<span class=\"_ _5\"></span>982 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>89,<span class=\"_ _5\"></span>982 </span>Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _228\"> </span>613<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7a\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 <span class=\"_ _158\"> </span>3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 </span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _8f\"> </span><span class=\"lsc wsd\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>33<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _2d9\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span></span>6<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _35\"> </span></span>6<span class=\"_ _5\"></span>13</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls34 ws3e\">4,239 <span class=\"_ _168\"> </span>4,239 <span class=\"_ _235\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>4,239 </span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _212\"> </span>3<span class=\"_ _5\"></span>,207<span class=\"_ _5\"></span> <span class=\"_ _c7\"> </span>980,84<span class=\"_ _5\"></span>6 <span class=\"_ _28a\"> </span><span class=\"ls57 ws60\">98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _2d8\"> </span>98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _159\"> </span>38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>2 </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _ba\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">528<span class=\"_ _5\"></span>,632<span class=\"_ _5\"></span> <span class=\"_ _159\"> </span>528<span class=\"_ _5\"></span>,632 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632 </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _202\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _213\"> </span></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _fb\"> </span>2<span class=\"_ _3\"></span>6,868 <span class=\"_ _b9\"> </span>58<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>7 <span class=\"_ _159\"> </span><span class=\"ls1a4 ws1cb\">6<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _4c\"> </span><span class=\"lsf ws13\">62<span class=\"_ _5\"></span>0,631 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _27d\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"lsd9 wse4\">5<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _274\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7c\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27 <span class=\"_ _1e7\"> </span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _19b\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls16 ws1d\">1,466,439<span class=\"_ _8\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls3 ws3\">1,478,807 <span class=\"_ _288\"> </span></span>1,487<span class=\"_ _2\"></span>,090 </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _29b\"> </span>343,340 <span class=\"_ _b9\"> </span>34<span class=\"_ _8\"></span>3,340 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span><span class=\"lsc wsd\">351<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Le<span class=\"_ _5\"></span>vel 2<span class=\"_ _7a\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _29b\"> </span>101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>101,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls37 ws83\">772,90<span class=\"_ _8\"></span>5 <span class=\"_ _159\"> </span>772,90<span class=\"_ _3\"></span>5 <span class=\"_ _78\"> </span>Level 2<span class=\"_ _15d\"> </span>772,<span class=\"_ _3\"></span>905 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls58 ws61\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>026 <span class=\"_ _78\"> </span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls7f ws8d\">76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>1 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> </span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ere u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ues<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span>Cash an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d, r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axe<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>oxim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>heir car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>y have a sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>The fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue o<span class=\"_ _5\"></span>f inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t on s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar ter<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk an<span class=\"_ _5\"></span>d rem<span class=\"_ _5\"></span>aini<span class=\"_ _5\"></span>ng ma<span class=\"_ _5\"></span>turi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>; wh<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te is v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e (f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng), the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. A simi<span class=\"_ _5\"></span>lar ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h is us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>;- <span class=\"_ _172\"> </span>The Group enters into<span class=\"_ _3\"></span> financial derivative instruments with various count<span class=\"_ _3\"></span>erpar<span class=\"_ _5\"></span>ties, principally financial<span class=\"_ _3\"></span> institutions with inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gr<span class=\"_ _5\"></span>ade c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s val<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d usin<span class=\"_ _5\"></span>g val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>ech<span class=\"_ _5\"></span>niq<span class=\"_ _5\"></span>ues w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h mar<span class=\"_ _5\"></span>ket o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e inp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e main<span class=\"_ _5\"></span>ly interest rate swaps, fuel hedges and foreign<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>orward contrac<span class=\"_ _5\"></span>ts. The models incorporate various in<span class=\"_ _3\"></span>puts including for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>ot an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate cu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-228-3": {
   "value": "CURRENT TAXES AND DEFERRED TAXES RECOGNISED IN COMPREHENSIVE INCOME(in thousands of EUR) 2022 2021Current tax expense 36,558 45,979Reclassification of deferred income taxes regarding prior financial years - -Adjustments in respect of current income tax of previous years 7,353 -1,281Total current tax expense / (income) 43,911 44,698Relating to origination and reversal of temporary differences -11,003 -11,570Movement of recognised tax losses carried forward -1,547 -2,049Total deferred tax expense / (income) -12,550 -13,619Current taxes and deferred taxes recognised in the income statement 31,361 31,079- Employee benefits 1,294 -259- Financial derivatives 15,122 1,826Current taxes and deferred taxes recognised in other elements of the comprehensive 16,416 1,567income (+ is liability)Current taxes and deferred taxes recognised in comprehensive income 47,777 32,646Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where the Group operates and generates taxable income.Current income tax relating to items recognised directly in other comprehensive income is recognised in OCI and not in the statement of income.Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.The operational activities of the Group are subject to various tax regimes with tax rates ranging from 0% to 41.5%.NOTE 10 \u2013 CURRENT TAXES AND DEFERRED TAXESBalance at December 31DEFERRED TAX ASSETS AND LIABILITIES SPLIT BY ORIGINThe changes of the period of deferred tax assets and liabilities split by their origin is set out below.Deferred taxes (both assets and liabilities) related to fixed assets are presented separately. These deferred tax positions relate to both temporary differences between the statutory carrying amount and the carrying amount under the DEME group depreciation policy and impairment corrections on fixed assets.Deferred taxes regarding employee benefits (only deferred tax assets) are related to the provision booked for employee benefits according to to IAS 19 employee benefits.The column reversal statutory provision is mainly related to the reversal of the statutory provisions for repair and maintenance which are not allowed under IFRSs.Deferred taxes on other timing differences mainly relate to consolidation adjustments on running projects.Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. These provisions for uncertain tax positions (UTP) are booked as a deferred tax liability. In this regard, management considers UTP\u2019s individually, based on an approach which provides the best prediction of the resolution of the uncertainties with the tax authority. For 2022 (and 2021) each UTP has been measured using the most likely single amount. Currently, the major UTP\u2019s relate to ongoing tax litigations in the Philippines, India, and Nigeria.RECONCILIATION OF THE EFFECTIVE TAX RATEBelow a reconciliation between the effective tax rate and the tax rate applicable in Belgium is made.(in thousands of EUR) 2022 2021Result before taxes 130,925 137,869Tax expense at nominal tax rate in Belgium which is 25% in 2022 and 2021 32,731 34,467Increase (decrease) in tax rate resulting from:Tax effect of non-deductible expenses 2,916 2,0391Tax effect of non-taxable revenue () -3,711 -9,525Tax credits and impact of notional interest - -Effects of different tax rates applicable to subsidiaries operating in other jurisdictions or -4,134 -7,8232income taxable under special tax regimes such as tonnage tax ()Tax impact of (de)recognition of provisions for uncertain tax positions -6,648 -10,429Tax impact of adjustments to current and deferred tax relating to previous periods 7,353 -1,2813Tax impact on losses for which no deferred tax assets were recognised () 2,854 23,631Tax expense 31,361 31,079Effective tax rate for the period 23.95% 22.54%(1)\u2002\ue603The\ue603main\ue603components\ue603of\ue603the\ue603tax\ue603effect\ue603on\ue603non-taxable\ue603revenue\ue603are\ue603tax-deductible\ue603losses\ue603on\ue603capital\ue603in\ue6032022\ue603and\ue603tax-deductible\ue603losses\ue603on\ue603receivables\ue603and\ue603random\ue603depreciations in 2021.(2)\u2002\ue603The\ue603effective\ue603tax\ue603rate\ue603(2022:\ue60323.95%)\ue603is\ue603lower\ue603than\ue603the\ue603nominal\ue603tax\ue603rate\ue603in\ue603Belgium\ue603(25%),\ue603because\ue603in\ue603several\ue603countries\ue603where\ue603we\ue603operated\ue603in\ue6032022\ue603the\ue603nominal\ue603tax\ue603rate is relatively low and because of the application of tonnage tax. The same applied for 2021 (effective tax rate of 22.54%).(3)\u2002\ue603The\ue603difference\ue603between\ue6032022\ue603and\ue6032021\ue603is\ue603caused\ue603by\ue603on\ue603the\ue603one\ue603hand\ue603the\ue603reassessment\ue603of\ue603recognised\ue603deferred\ue603tax\ue603assets\ue603relating\ue603to\ue603tax\ue603losses\ue603carried\ue603forward\ue603in 2021 (increasing the effective tax rate) and on the other hand the usage of unrecognised tax losses in 2022 (for a corresponding tax effect of 6.4 million EUR), decreasing the effective tax rate.CURRENT INCOME TAX RECEIVABLES AND PAYABLESBalance at December 31(in thousands of EUR) 2022 2021Current income tax receivables (+ is debet) 21,593 32,303Current income tax payables (+ is credit) 66,571 76,370Current income tax receivables are included in trade and other operating receivables in the consolidated statement of financial position.Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. The deferred tax assets for tax losses and tax credits are booked separately. For a breakdown of the (un)recognised tax losses, see further section in this note.Deferred tax assets and liabilities regarding financial derivatives only concern fully consolidated companies, see also the section regarding other comprehensive income.2022 Long Tangible Reversal Other (in thousands of EUR) Employee Financial term tax fixed statutory timing Netting Totalbenefitsderivativesaccruals Deferred tax liabilities  assetsprovision differences(UTP)related toBalance at January 1 54,217 - 65 7,577 29,627 9,126 -26,399 74,213Recognised in income statement -19,975 - 14,350 -7,113 -5,549 4,144 - -14,143Charged to equity - - - - - - - -Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - -388 - -388Netting (*) - - - - - - 7,467 7,467Transfer - - - - - - - -Balance at December 31 34,242 - 14,415 464 24,078 12,882 -18 ,932 67,149Tax credits Tangible Other Deferred tax assets  Employee Financial and impact fixed Tax los sestiming Netting Totalrelated toassetsbenefitsderivativesof notional differencesinterestBalance at January 1 26,180 13,218 1,293 48,773 17,634 54,251 -26,399 134,950Recognised in income statement -3,685 -19 14,193 1,547 -450 -13,179 - -1,593Charged to equity - -1,294 -15,122 - - - - -16,416Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - -20 - -20Netting (*) - - - - - - 7,467 7,467Transfer - 2,306 - - - -2,306 - -Balance at December 31 22,495 14,211 364 50,320 17,184 38,746 -18,932 124,388(*) The tax netting item reflects the netting of deferred tax assets and liabilities per entity.DEFERRED TAX ASSETS AND LIABILITIES RECORDED IN OTHER COMPREHENSIVE INCOMEThe following movements in deferred tax assets and liabilities, as well as the items they relate to, were recorded in other comprehensive income:2022 Before  Net of  Income taxincome taxincome tax(in thousands of EUR)Changes in fair value related to hedging instruments 60,577 -15,122 45,455Remeasurement of net liabilities relating to defined benefit plans 5,247 -1,294 3,953Total 65,824 -16,416 49,4082021 Before  Net of  Income taxincome taxincome tax(in thousands of EUR)Changes in fair value related to hedging instruments 6,408 -1,826 4,582Remeasurement of net liabilities relating to defined benefit plans -1,105 259 -846Total 5,303 -1,567 3,7362021 Long Tangible Reversal Other (in thousands of EUR) Employee Financial term tax fixed statutory timing Netting Totalbenefitsderivativesaccruals Deferred tax liabilities  assetsprovisiondifferences(UTP)related toBalance at January 1 60,676 - 364 570 36,748 6,676 -57,677 47,358Recognised in income statement -6,460 - -299 7,007 -7,120 2,073 - -4,799Charged to equity - - - - - - - -Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - 377 - 377Netting (*) - - - - - - 31,278 31,278Transfer - - - - - - - -Balance at December 31 54,216 - 65 7,577 29,628 9,126 -26,399 74,214Tax credits Tangible Other Deferred tax assets  Employee Financial and impact fixed Tax los sestiming Netting Totalrelated toassetsbenefitsderivativesof notional differencesinterestBalance at January 1 27,546 12,584 3,467 46,723 16,231 47,544 -57,677 96,418Recognised in income statement -1,366 375 -348 2,049 1,403 6,707 - 8,820Charged to equity - 259 -1,826 - - - - -1,567Changes in consolidation scope or method - - - - - - - -Exchange differences - - - - - - - -Netting (*) - - - - - - 31,278 31,278Transfer - - - - - - - -Balance at December 31 26,180 13,218 1,293 48,772 17,634 54,251 -26,399 134,949(*) The tax netting item reflects the netting of deferred tax assets and liabilities per entity.INCOME TAX LOSSES CARRIED FORWARDIn 2022, income tax losses carried forward of subsidiaries amount to 460 million EUR. For 200 million EUR of these tax losses, deferred tax assets have been recognised. The table below provides a breakdown by maturity of the recognised tax losses of subsidiaries and the amounts (share of the Group) related to joint ventures and associates. For an amount of 260 million EUR of tax losses of subsidiaries, no deferred tax assets is recognised. In 2021, income tax losses carried forward of subsidiaries for which no deferred tax assets are recognised amount to 241 million EUR.(in thousands of EUR) 2022Expiration date within 1 year -Expiration date after 1 year but not later than 5 years 32,613Expiration date after 5 years and tax losses without an expiration date 167,257Total recognised tax losses from subsidiaries 199,870Recognised tax losses from joint ventures and associates (share of the Group) 190Total recognised tax losses 200,060Unrecognised tax losses from subsidiaries 260,291Unrecognised tax losses from joint ventures and associates (share of the Group) 39,196Total unrecognised tax losses 299,487Total tax losses 499,547",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-245-3": {
   "value": "The a<span class=\"_ _5\"></span>gei<span class=\"_ _5\"></span>ng b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce of o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s is in<span class=\"_ _5\"></span>clud<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n not<span class=\"_ _5\"></span>e (1<span class=\"_ _8\"></span>9). The G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>ut a <span class=\"ff73\">d<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, </span>a<span class=\"_ _5\"></span>ll wi<span class=\"_ _5\"></span>th di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>eren<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tic<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>egar<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g e.g<span class=\"_ _5\"></span>. na<span class=\"_ _5\"></span>ture a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>cop<span class=\"_ _5\"></span>e, t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f cli<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e of co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>ent co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>nd geo<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>aph<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n. A la<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>e par<span class=\"_ _4\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er is r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh pub<span class=\"_ _5\"></span>lic o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>mi-<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor cu<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he leve<span class=\"_ _5\"></span>l of c<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>par<span class=\"_ _4\"></span>t<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k is al<span class=\"_ _5\"></span>so li<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>ed by t<span class=\"_ _5\"></span>he la<span class=\"_ _5\"></span>rge n<span class=\"_ _5\"></span>umb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ap<span class=\"_ _5\"></span>pli<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ced<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s to mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or i<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>andi<span class=\"_ _5\"></span>ng re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h to lim<span class=\"_ _5\"></span>it t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>dual r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed u<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>n bo<span class=\"_ _5\"></span>th hi<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l and c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>ak<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nto a<span class=\"_ _5\"></span>ccou<span class=\"_ _5\"></span>nt ma<span class=\"_ _5\"></span>cro<span class=\"_ _5\"></span>-eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic de<span class=\"_ _5\"></span>vel<span class=\"_ _5\"></span>opm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>dus<span class=\"_ _5\"></span>tr<span class=\"_ _4\"></span>y ri<span class=\"_ _5\"></span>sk fa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>thin t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p rem<span class=\"_ _5\"></span>ain in<span class=\"_ _5\"></span>sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ed to t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y.NOTE 1<span class=\"_ _8\"></span>3 \u2013 TR<span class=\"_ _4\"></span>AD<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TIN<span class=\"_ _5\"></span>G RECEI<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>AB<span class=\"_ _5\"></span>LESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-242-3": {
   "value": "No<span class=\"_ _5\"></span>te (26) Relate<span class=\"_ _5\"></span>d p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es di<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e sum<span class=\"_ _5\"></span>mar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>es all r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les a<span class=\"_ _5\"></span>nd p<span class=\"_ _5\"></span>ayab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _8\"></span>3 \u2013 TR<span class=\"_ _4\"></span>AD<span class=\"_ _5\"></span>E A<span class=\"_ _5\"></span>ND OTH<span class=\"_ _5\"></span>ER O<span class=\"_ _5\"></span>PER<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TIN<span class=\"_ _5\"></span>G RECEI<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>AB<span class=\"_ _5\"></span>LESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1SHAREHOLDERSCFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>EME\u2019s pr<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ous s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er be<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c lis<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g, i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d to b<span class=\"_ _5\"></span>e a fe<span class=\"_ _5\"></span>llow s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om Jun<span class=\"_ _5\"></span>e 29, 2022, da<span class=\"_ _5\"></span>te of the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r of CF<span class=\"_ _5\"></span>E NV. CFE NV and D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV h<span class=\"_ _5\"></span>ave bo<span class=\"_ _5\"></span>th Ac<span class=\"_ _5\"></span>kerm<span class=\"_ _5\"></span>ans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>aren N<span class=\"_ _5\"></span>V as t<span class=\"_ _5\"></span>hei<span class=\"_ _5\"></span>r main s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>.Sin<span class=\"_ _5\"></span>ce 2001, DEME ha<span class=\"_ _5\"></span>s an id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt w<span class=\"_ _5\"></span>ith A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>mans &amp; v<span class=\"_ _5\"></span>an Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV an<span class=\"_ _5\"></span>d CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces r<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cial<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ad<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ice de<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>vere<span class=\"_ _5\"></span>d by b<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>h Acker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van H<span class=\"_ _5\"></span>aar<span class=\"_ _5\"></span>en NV a<span class=\"_ _5\"></span>nd CF<span class=\"_ _5\"></span>E NV<span class=\"_ _3\"></span>. The s<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vi<span class=\"_ _5\"></span>ce agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t, t<span class=\"_ _5\"></span>hat e<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed for C<span class=\"_ _5\"></span>FE NV a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r the r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>ger, is subj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to i<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>exa<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on on a y<span class=\"_ _5\"></span>ear<span class=\"_ _5\"></span>ly b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on du<span class=\"_ _5\"></span>e by DE<span class=\"_ _5\"></span>ME in 2022 tow<span class=\"_ _5\"></span>ard<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>th p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es u<span class=\"_ _5\"></span>pon t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t am<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o 1,985 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR (<span class=\"_ _5\"></span>AvH:1,323 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR an<span class=\"_ _5\"></span>d CFE<span class=\"_ _5\"></span>: 662 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>; in co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ris<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 1,235 thou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach i<span class=\"_ _5\"></span>n 2021<span class=\"_ _2\"></span>).Addi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>lly, DEM<span class=\"_ _5\"></span>E rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed in<span class=\"_ _5\"></span>voic<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed to i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cen<span class=\"_ _5\"></span>t IP<span class=\"_ _5\"></span>O fr<span class=\"_ _5\"></span>om CFE N<span class=\"_ _5\"></span>V fo<span class=\"_ _5\"></span>r an am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of 1,<span class=\"_ _2\"></span>106 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>. On t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d, DEME i<span class=\"_ _5\"></span>nvoi<span class=\"_ _5\"></span>ced a<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>nd 164 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R to i<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er an<span class=\"_ _5\"></span>d fel<span class=\"_ _5\"></span>low s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idi<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y, mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>late<span class=\"_ _5\"></span>d to I<span class=\"_ _5\"></span>T lice<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>x con<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g se<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ces (2021<span class=\"_ _8\"></span>: 877 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>.JO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1KEY MANA<span class=\"_ _8\"></span>GEMENT PE<span class=\"_ _3\"></span>RSONNELDEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V has a \u201con<span class=\"_ _5\"></span>e ti<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>\u201d g<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>ce s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng o<span class=\"_ _5\"></span>f a Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s (as coll<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>iate b<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>y). Th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s is ve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the p<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>er to p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>m all ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat ar<span class=\"_ _5\"></span>e ne<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r us<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ul fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>, exce<span class=\"_ _5\"></span>pt for those actions that are<span class=\"_ _3\"></span> specif<span class=\"_ _5\"></span>ically reserved by law for<span class=\"_ _8\"></span> the Shareholders<span class=\"_ _5\"></span>\u2019 Meeting.On Ju<span class=\"_ _5\"></span>ne 29, 2022, t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>oar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s ha<span class=\"_ _5\"></span>s del<span class=\"_ _5\"></span>ega<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d the <span class=\"ff73 ls15d ws172\">daily management</span> of the Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny fr<span class=\"_ _5\"></span>om t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee to t<span class=\"_ _5\"></span>he CEO. Th<span class=\"_ _5\"></span>e CEO is s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>ted i<span class=\"_ _5\"></span>n the e<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f his m<span class=\"_ _5\"></span>anda<span class=\"_ _5\"></span>te by t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>ve Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as a<span class=\"_ _5\"></span>n <span class=\"ff73 ls1d4 ws1fa\">advisory committee</span> (se<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s). The E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ive C<span class=\"_ _5\"></span>ommi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e, cha<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e CEO, i<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>al ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt of the Group.For h<span class=\"_ _5\"></span>is ro<span class=\"_ _5\"></span>le as E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, L<span class=\"_ _5\"></span>uc Vand<span class=\"_ _5\"></span>enb<span class=\"_ _5\"></span>ulc<span class=\"_ _5\"></span>ke rec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le re<span class=\"_ _5\"></span>mun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of 1,8<span class=\"_ _5\"></span>62 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R in 2022 (202<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>: 1,5<span class=\"_ _3\"></span>76 thous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR)<span class=\"_ _5\"></span>. Repr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>ho ar<span class=\"_ _5\"></span>e mem<span class=\"_ _5\"></span>ber<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f the B<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ard o<span class=\"_ _5\"></span>f Dir<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s, Au<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t Comm<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>e and R<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>ee are o<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d sin<span class=\"_ _5\"></span>ce th<span class=\"_ _5\"></span>e pub<span class=\"_ _5\"></span>lic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>Remuneration of the<span class=\"_ _3\"></span> directors<span class=\"_ _1bc\"> </span><span class=\"lse ws12\">360<span class=\"_ _120\"> </span><span class=\"ls3 ws3\">-</span></span>Dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor f<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>s at t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e o<span class=\"_ _5\"></span>f DEME Gr<span class=\"_ _5\"></span>oup<span class=\"_ _2fd\"> </span><span class=\"ls82 ws90\">360<span class=\"_ _2d1\"> </span></span>-Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e CEO<span class=\"_ _2e0\"> </span><span class=\"ls6b ws78\">1,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>62<span class=\"_ _145\"> </span><span class=\"ls88 ws96\">1,<span class=\"_ _5\"></span>576</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">3<span class=\"_ _5\"></span>43<span class=\"_ _97\"> </span><span class=\"ls4b ws53\">33<span class=\"_ _5\"></span>0</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1ae\"> </span><span class=\"ls13 ws9a\">1,4<span class=\"_ _8\"></span>54<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">1,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>4</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _2fe\"> </span><span class=\"ls84 ws92\">62<span class=\"_ _153\"> </span><span class=\"ls35 ws43\">50</span></span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _282\"> </span><span class=\"ls3 ws3\">3<span class=\"_ _2e5\"> </span>3</span>Rem<span class=\"_ _5\"></span>une<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e me<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>xe<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve Com<span class=\"_ _5\"></span>mi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tee (e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>ng CEO)<span class=\"_ _f3\"> </span><span class=\"ls3f ws67\">5,<span class=\"_ _5\"></span>676<span class=\"_ _186\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>81</span></span>Fixed annual remuner<span class=\"_ _5\"></span>ation<span class=\"_ _29f\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _121\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term variable remunera<span class=\"_ _5\"></span>tion<span class=\"_ _1c8\"> </span><span class=\"lsd9 wse4\">3,937<span class=\"_ _18b\"> </span><span class=\"ls59 ws62\">2,984</span></span>Long-term var<span class=\"_ _5\"></span>iable remuneration<span class=\"_ _2d2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Group insu<span class=\"_ _3\"></span>rance / Pensio<span class=\"_ _3\"></span>n (Pla<span class=\"_ _3\"></span>n) c<span class=\"_ _3\"></span>ontributions<span class=\"_ _1ac\"> </span><span class=\"ls7b ws89\">463<span class=\"_ _97\"> </span>383</span>Oth<span class=\"_ _5\"></span>er benef<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>s<span class=\"_ _2ff\"> </span><span class=\"ls89 ws97\">17<span class=\"_ _192\"> </span><span class=\"ls56 ws5e\">18</span></span>Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly D<span class=\"_ _5\"></span>EME i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g a new o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ice b<span class=\"_ _5\"></span>uil<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g. E<span class=\"_ _5\"></span>xec<span class=\"_ _5\"></span>uti<span class=\"_ _5\"></span>on o<span class=\"_ _5\"></span>f wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s is d<span class=\"_ _5\"></span>one b<span class=\"_ _5\"></span>y a sub<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>iar<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f CFE N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 invo<span class=\"_ _5\"></span>ice<span class=\"_ _5\"></span>s rec<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>ved f<span class=\"_ _5\"></span>or an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>22<span class=\"_ _3\"></span>1 tho<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>and EU<span class=\"_ _5\"></span>R ar<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>ogn<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed as a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er con<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-250-4": {
   "value": "In August 2021, a Memorandum of Agreement was signed under which the jack-up vessel \u2018Thor\u2019, another vessel belonging to the Offshore Energy segment, was sold to a Dutch third party on the condition that the buyer obtained the necessary funding for the vessel. As such, the \u2018Thor\u2019 vessel was classified as assets held for sale at the end of December, 2021. On April 21, 2022, the \u2018Thor\u2019 vessel was sold, the resulting gain on disposal is included in \u2018other operating income\u2019.(in thousands of EUR)2022 2021Assets held for sale 31,997  32,456According to IFRS 5 non-current assets held for sale and discontinued operations the following conditions must be met for an asset (or \u2018disposal group\u2019) to be classified as held for sale:-   management is committed to a plan to sell;-    the asset is available for immediate sale;-   an active program to locate a buyer is initiated;-   the sale is highly probable, within 12 months of classification as held for sale;-   the asset is being actively marketed for sale at a sales price reasonable in relation to its fair value;-   actions required to complete the plan indicate that it is unlikely that the plan will be significantly changed or withdrawn.Per December 31, 2022, DEME management is of the opinion that all of the conditions have been fulfilled and a sale within the next 12 months is highly probable for a vessel within the Offshore Energy segment. The net book value of the vessel is 32 million EUR, which is the lower of the carrying amount and fair value at closing date.NOTE 14 \u2013 ASSETS HELD FOR SALEBalance at December 31",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-249-4": {
   "value": "NOTE 15 \u2013 OTHER CURRENT ASSETSBalance at December 31(in thousands of EUR)2022 2021Deferred charges and accrued income 100,950  45,710 Environmental landfill volume reservation fee 8,320  7,530 Advance payments on purchases and cost of material regarding construction contracts  14,963  14,952 for costs not incurredOther current assets 124,233  68,192 Deferred charges and accrued income include amongst others deferred hedge charges for construction contracts, only for their percentage not completed. The hedge charges of construction contracts are recorded as construction cost for the percentage completed. The increase in 2022 compared to 2021 is related to deferred hedge charges for the new offshore energy contracts in the US.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-265-5": {
   "value": "NOTE 16 \u2013 SHARE CAPITAL, DIVIDENDS AND RESERVESRETAINED EARNINGS AND OTHER RESERVESBalance at December 31The consolidated statement of changes in equity is presented earlier in this report. In the table below, we further detail the movement of the period in retained earnings and other reserves.Parent company reserves before profit distribution2022 Retained Revaluation Untaxed Available Retained Consolidation (in thousands of EUR)Legal reservesearnings and surplusreservesreservesearningsreservesother reservesBalance at January 1, 2022 3,111 28,922 3,270 267,027 1,316,494 1,618,824Parent company result 2021 79,217 -79,217 -Dividends paid -40,843 -40,843Result share of the Group 112,720 112,720Other 487,400 208 -27,206 -1,356 -249,776 -681,699 -472,429Balance at December 31, 2022 487,400 3,319 1,716 1,914 55,625 668,298 1,218,272The line \u2018Other\u2019 relates to the fact that since June 29, 2022, there is a new parent company DEME Group NV on top of DEME NV that was the parent company at the beginning of the year. The retained earnings and other reserves at the end of 2022 are those of the new parent company DEME Group NV.Parent company reserves before profit distribution2021 Retained Untaxed Available Retained Consolidation (in thousands of EUR)Legal reservesearnings and reservesreservesearningsreservesother reservesBalance at January 1, 2021 3,111  28,922 3,270 225,435 1,263,926 1,524,664Parent company result 2020 62,013 -62,013 -Dividends paid -20,421 -20,421Result share of the Group 114,581 114,581Balance at December 31, 2021 3,111  28,922 3,270 267,027 1,316,494 1,618,824",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-253-1": {
   "value": "Ackermans &amp; van Haaren NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-254-1": {
   "value": "DEME GROUP",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-255-1": {
   "value": "NV",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-256-1": {
   "value": "DEME",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-263-3": {
   "value": "The shareholde<span class=\"_ _3\"></span>rs holding 5<span class=\"_ _8\"></span>% or more of<span class=\"_ _8\"></span> tot<span class=\"_ _5\"></span>al voti<span class=\"_ _3\"></span>ng rights for the<span class=\"_ _8\"></span> shares they hold a<span class=\"_ _3\"></span>re: Ack<span class=\"_ _3\"></span>ermans &amp; van<span class=\"_ _8\"></span> Haaren NV <span class=\"_ _2c2\"> </span>VINCI Construction SAS1<span class=\"_ _8\"></span>5,725,68<span class=\"_ _5\"></span>4 sha<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s (or 62.<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>2%) <span class=\"_ _7b\"> </span>3,<span class=\"_ _5\"></span>06<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 sha<span class=\"_ _5\"></span>res (or 1<span class=\"_ _3\"></span>2.<span class=\"_ _2\"></span>1<span class=\"_ _8\"></span>1%<span class=\"_ _8\"></span>)Be<span class=\"_ _5\"></span>g\ue716n<span class=\"_ _5\"></span>enve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t,\ue6031<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>3\ue603<span class=\"_ _9a\"> </span>5,\ue603co<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>s\ue603Fer<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>-L<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>psB-20<span class=\"_ _5\"></span>00 A<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>rp (B<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>gium) <span class=\"_ _7d\"> </span>F<span class=\"_ _5\"></span>-9285<span class=\"_ _8\"></span>1 Ru<span class=\"_ _5\"></span>eil<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>Malm<span class=\"_ _5\"></span>ais<span class=\"_ _5\"></span>on Ce<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>x (Fra<span class=\"_ _5\"></span>nce)SHAREHOLDE<span class=\"_ _3\"></span>R S<span class=\"_ _3\"></span>TRUCTUR<span class=\"_ _3\"></span>E AND<span class=\"_ _8\"></span> SHARE CAPIT<span class=\"_ _6\"></span>ALUnt<span class=\"_ _5\"></span>il Jun<span class=\"_ _5\"></span>e 29, 2022, <span class=\"ff75\">DE<span class=\"_ _5\"></span>ME N<span class=\"_ _5\"></span>V</span> wa<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e par<span class=\"_ _5\"></span>ent c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up and D<span class=\"_ _5\"></span>EME\u2019s 100% s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>lde<span class=\"_ _5\"></span>r wa<span class=\"_ _5\"></span>s the B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s-<span class=\"_ _5\"></span>bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d civ<span class=\"_ _5\"></span>il e<span class=\"_ _5\"></span>ngin<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor C<span class=\"_ _5\"></span>FE NV, which i<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>d by t<span class=\"_ _5\"></span>he B<span class=\"_ _5\"></span>elg<span class=\"_ _5\"></span>ian inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent g<span class=\"_ _5\"></span>roup A<span class=\"_ _5\"></span>cker<span class=\"_ _5\"></span>man<span class=\"_ _5\"></span>s &amp; van Ha<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>n NV. Both C<span class=\"_ _5\"></span>FE NV an<span class=\"_ _5\"></span>d Acker<span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>ns &amp; va<span class=\"_ _5\"></span>n Haar<span class=\"_ _5\"></span>en N<span class=\"_ _5\"></span>V are p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>y lis<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>n Euro<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t Br<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e sha<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E NV a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to 31<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>10,01<span class=\"_ _8\"></span>0 EUR a<span class=\"_ _5\"></span>nd is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by 4,<span class=\"_ _5\"></span>538,<span class=\"_ _8\"></span>100 ordi<span class=\"_ _5\"></span>nar<span class=\"_ _5\"></span>y s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>t no<span class=\"_ _5\"></span>mina<span class=\"_ _5\"></span>l val<span class=\"_ _5\"></span>ue.On Ju<span class=\"_ _5\"></span>ne 29, 2022, CF<span class=\"_ _5\"></span>E NV, trans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>err<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s 100% s<span class=\"_ _5\"></span>take i<span class=\"_ _5\"></span>n DEME N<span class=\"_ _5\"></span>V to a n<span class=\"_ _5\"></span>ew co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny, DEME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, b<span class=\"_ _5\"></span>y mea<span class=\"_ _5\"></span>ns of a p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>rge<span class=\"_ _5\"></span>r and a<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>me li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e f<span class=\"_ _5\"></span>ir<span class=\"_ _5\"></span>st da<span class=\"_ _5\"></span>y of tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up NV s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s wa<span class=\"_ _5\"></span>s Jun<span class=\"_ _5\"></span>e 30, 2022. DE<span class=\"_ _5\"></span>ME Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V shar<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re li<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed on Eu<span class=\"_ _5\"></span>ron<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t B<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ymb<span class=\"_ _5\"></span>ol \u201c<span class=\"_ _5\"></span>DE<span class=\"_ _5\"></span>ME\u201d w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ISI<span class=\"_ _5\"></span>N cod<span class=\"_ _5\"></span>e BE0<span class=\"_ _5\"></span>97<span class=\"_ _2\"></span>4<span class=\"_ _5\"></span>41<span class=\"_ _2\"></span>3453. DEME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up N<span class=\"_ _5\"></span>V is no<span class=\"_ _5\"></span>w 1<span class=\"_ _3\"></span>00<span class=\"_ _5\"></span>% sha<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>old<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f DEME N<span class=\"_ _5\"></span>V an<span class=\"_ _5\"></span>d at th<span class=\"_ _5\"></span>e dat<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e dem<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ger t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on in D<span class=\"_ _5\"></span>EME N<span class=\"_ _5\"></span>V wa<span class=\"_ _5\"></span>s the o<span class=\"_ _5\"></span>nl<span class=\"_ _5\"></span>y as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny bo<span class=\"_ _5\"></span>oke<span class=\"_ _5\"></span>d agai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y.Per D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the s<span class=\"_ _5\"></span>hare c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al of <span class=\"ff75\">D<span class=\"_ _5\"></span>EM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>p NV</span> a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s to 33,<span class=\"_ _8\"></span>19<span class=\"_ _8\"></span>3,<span class=\"_ _5\"></span>861 EUR an<span class=\"_ _5\"></span>d is re<span class=\"_ _5\"></span>pre<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>d by 25,<span class=\"_ _5\"></span>31<span class=\"_ _8\"></span>4,<span class=\"_ _5\"></span>482 o<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y shar<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut no<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al va<span class=\"_ _5\"></span>lue<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>wn<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s of or<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>s have t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t to re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ve di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d all s<span class=\"_ _5\"></span>hare<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ame c<span class=\"_ _5\"></span>las<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>re en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tle<span class=\"_ _5\"></span>d to on<span class=\"_ _5\"></span>e vo<span class=\"_ _5\"></span>te pe<span class=\"_ _5\"></span>r shar<span class=\"_ _5\"></span>e in Sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>\u2019 G<span class=\"_ _5\"></span>ene<span class=\"_ _5\"></span>ral M<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the sh<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>hol<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup N<span class=\"_ _5\"></span>V is as f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s:NOTE 1<span class=\"_ _8\"></span>6 <span class=\"_ _5\"></span>\u2013 SH<span class=\"_ _5\"></span>AR<span class=\"_ _5\"></span>E C<span class=\"_ _5\"></span>API<span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>AL<span class=\"_ _4\"></span>, D<span class=\"_ _5\"></span>IVI<span class=\"_ _5\"></span>DEN<span class=\"_ _5\"></span>DS A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>RES<span class=\"_ _5\"></span>ERVES",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-266-2": {
   "value": "NOTE 17 \u2013 EARNINGS PER SHAREBalance at December 312021  (in thousands of EUR)20222021pro forma (*)Result for the period from continuing operations - Share of the Group 112,720 114,581 114,581Result for the period - Share of the Group 112,720 114,581 114,581Comprehensive income - Share of the Group 215,247 132,472 132,472Number of ordinary shares at balance sheet date 25,314,482 25,314,482 4,538,100Earnings per share, based on the number of ordinary shares at the end of the period (both basic and diluted) in EUR:Earnings per share from continuing operations (Share of the Group) 4.45 4.53 25.25Earnings per share (Share of the Group) 4.45 4.53 25.25Comprehensive income (Share of the Group) per share 8.50 5.23 29.19(*) Pro forma assuming the same amount of shares for 2021 as for 2022 (25,314,482 shares at the end of 2022).Basic earnings per share is calculated by dividing the \u2018Result for the period \u2013 Share of the Group\u2019 attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-270-11": {
   "value": "NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H A<span class=\"_ _5\"></span>ND C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H EQU<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late t<span class=\"_ _5\"></span>o cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at DEM<span class=\"_ _5\"></span>E\u2019s inte<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV, but also at operational<span class=\"_ _3\"></span> subsidiaries and<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Therefore, a portion of the consolidated cash<span class=\"_ _3\"></span> and cash equ<span class=\"_ _3\"></span>ivalents is not always immediately a<span class=\"_ _8\"></span>v<span class=\"_ _5\"></span>ailable<span class=\"_ _3\"></span> as a result<span class=\"_ _3\"></span> of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>stric<span class=\"_ _5\"></span>tions.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ash av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 388<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f 522.3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR cas<span class=\"_ _5\"></span>h &amp; ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 134.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot imm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>ly av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e. At the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021 the cas<span class=\"_ _5\"></span>h tha<span class=\"_ _5\"></span>t is imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 405 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f 528.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h not i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>23.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-269-5": {
   "value": "NET FINANCIAL DEBT AS DEFINED BY THE GROUP2022 2021(in thousands of EUR / (-) is debit balance)Non-current Current Total Non-current Current TotalSubordinated loans 677 - 677 542 135 677Lease liabilities (note (20)) 76,382 24,960 101,342 72,275 20,118 92,393Credit institutions 711,441 227,910 939,351 503,649 217,637 721,286Long-term loan facility 1 6,286 31,315 37,601 37,601 57,942 95,543Long-term loan facility 2 19,476 31,408 50,884 50,883 41,407 92,290Long-term loan facility 3 109,375 31,250 140,625 140,625 31,250 171,875Long-term loan facility 4 157,054 4 4,196 201,250 201,250 44,196 245,446Long-term loan facility 5 357,500 55,000 412,500 - - -Asset-based loan 1 (*) - - - 100 4,573 4,673Asset-based loan 2 100 2,344 2,444 2,443 4,687 7,130Asset-based loan 3 100 3,813 3,913 3,913 3,813 7,726Asset-based loan 4 3,666 3,566 7,232 7,232 3,566 10,798Asset-based loan 5 5,423 4,192 9,615 9,615 4,192 13,807Asset-based loan 6 25,220 12,560 37,780 37,780 12,560 50,340Asset-based loan 7 18,775 6,225 25,000 - - -Other long-term bank loans 8,466 2,041 10,507 12,207 9,451 21,658Other long-term loans 1,404 - 1,404 1,504 - 1,504Short-term credit facilities - - - - 105,450 105,450Short-term bank loans - - - - 105,450 105,450Short-term commercial paper - - - - - -Total interest-bearing debt 789,904 252,870 1,042,774 577,970 343,340 921,310Short-term deposits - -31,646 -31,646 - -14,026 -14,026Cash at bank and in hand - -490,615 -490,615 - -514,606 -514,606Total cash and cash equivalents - -522,261 -522,261 - -528,632 -528,632Total net financial debt 789,904 -269,391 520,513 577,970 -185,292 392,678(*) Initial maturity till 2026. Early repayment in 2022.NOTE 18 \u2013 INTEREST-BEARING DEBT AND NET FINANCIAL DEBTBalance at December 31(in thousands of EUR)Initial amount Dating from Maturity tillLong-term loan facilitiesLong-term loan facility 1 435,000  2015-2017 2024Long-term loan facility 2 240,000  2018 2025Long-term loan facility 3 250,000  2019 2027Long-term loan facility 4 350,000  2019 2027Long-term loan facility 5 440,000  2022 20301,715,000 Asset-based loansAsset-based loan 1 (*) 18,392  2018 2022Asset-based loan 2 18,848  2019 2027Asset-based loan 3 15,352  2019 2027Asset-based loan 4 14,364  2020 2028Asset-based loan 5 18,000  2020 2028Asset-based loan 6 50,340  2021 2029Asset-based loan 7 25,000  2022 2030160,296 (*) Initial maturity till 2026. Early repayment in 2022.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-268-3": {
   "value": "T<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure (ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s (e.g<span class=\"_ _5\"></span>. by DEM<span class=\"_ _5\"></span>E Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s) and a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s as we<span class=\"_ _5\"></span>ll as through asset<span class=\"_ _8\"></span>-base<span class=\"_ _5\"></span>d loans.The t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al su<span class=\"_ _5\"></span>bor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an is co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y CTOW (an<span class=\"_ _5\"></span>d inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any). A<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dali<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es no f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>x ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e due<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as l<span class=\"_ _5\"></span>ong t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar before maturity date.Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly, DEM<span class=\"_ _5\"></span>E Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV, which s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es as i<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>use b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME-<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, h<span class=\"_ _5\"></span>as te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th ele<span class=\"_ _5\"></span>ven di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l ban<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s. S<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e doc<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>lly (no c<span class=\"_ _5\"></span>lub d<span class=\"_ _5\"></span>eal)<span class=\"_ _5\"></span>, catering for optima<span class=\"_ _3\"></span>l financing c<span class=\"_ _3\"></span>onditions and maximum<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>lexibilit<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>. The term loan facility documentation i<span class=\"_ _3\"></span>s identical for<span class=\"_ _3\"></span> all banks, apart from the amount, tenor a<span class=\"_ _3\"></span>nd commerci<span class=\"_ _3\"></span>al conditions.On May 2<span class=\"_ _5\"></span>0t<span class=\"_ _5\"></span>h, 2022, D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Cen<span class=\"_ _5\"></span>ter N<span class=\"_ _5\"></span>V ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y int<span class=\"_ _5\"></span>o bil<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>al te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es wer<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly dr<span class=\"_ _5\"></span>aw<span class=\"_ _5\"></span>n on Jun<span class=\"_ _5\"></span>e 1<span class=\"_ _8\"></span>5th<span class=\"_ _5\"></span>, 2022. The f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ing to 4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, is am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er ei<span class=\"_ _5\"></span>ght ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s (1<span class=\"_ _8\"></span>6 equ<span class=\"_ _5\"></span>al half<span class=\"_ _8\"></span>-yearly capital instalments) and is<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on the loan<span class=\"_ _3\"></span> documentation that was<span class=\"_ _8\"></span> us<span class=\"_ _5\"></span>ed for previous transactions, updated to<span class=\"_ _3\"></span> the new L<span class=\"_ _5\"></span>MA-<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndar<span class=\"_ _5\"></span>d, i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y KP<span class=\"_ _5\"></span>I\u2019s th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ced i<span class=\"_ _5\"></span>n all te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in F<span class=\"_ _5\"></span>ebr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 2022. The financial cov<span class=\"_ _3\"></span>enants applying to<span class=\"_ _3\"></span> the new credit<span class=\"_ _3\"></span> facilities are the<span class=\"_ _3\"></span> same as in<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>evious transactions.NE<span class=\"_ _5\"></span>T FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CIA<span class=\"_ _5\"></span>L D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>S DE<span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D BY THE G<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>P2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR / (-) is de<span class=\"_ _5\"></span>bit b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Subor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _fe\"> </span><span class=\"lsb wsc\">677<span class=\"_ _166\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>677<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">542<span class=\"_ _7e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>5<span class=\"_ _7e\"> </span></span></span>677</span>Lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (20))<span class=\"_ _139\"> </span>76<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _b9\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span>101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _159\"> </span>72,<span class=\"_ _5\"></span>275<span class=\"_ _15f\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _da\"> </span><span class=\"lsd9 wse4\">92<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>93</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _ff\"> </span>7<span class=\"_ _4\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _c8\"> </span><span class=\"ls7a ws88\">503<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>49<span class=\"_ _74\"> </span></span></span>2<span class=\"_ _5\"></span>17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls78 ws86\">721,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 1<span class=\"_ _15b\"> </span>6,<span class=\"_ _5\"></span>286<span class=\"_ _77\"> </span>31,315<span class=\"_ _152\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _235\"> </span>37,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _77\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _152\"> </span><span class=\"ls1ae ws1d4\">95<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>43</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 2<span class=\"_ _23f\"> </span><span class=\"ls1bf ws1e6\">19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _93\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _27d\"> </span><span class=\"ls1cd ws213\">50,<span class=\"_ _5\"></span>884<span class=\"_ _1ee\"> </span><span class=\"lsc9 wsd4\">50,<span class=\"_ _5\"></span>883<span class=\"_ _152\"> </span></span></span></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>07<span class=\"_ _93\"> </span><span class=\"ls1c7 ws1ef\">92,290</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 3<span class=\"_ _10a\"> </span>10<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>5<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span><span class=\"ls1eb ws214\">140,625<span class=\"_ _1dd\"> </span>140,625<span class=\"_ _93\"> </span></span>31,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _28a\"> </span><span class=\"lsbf wscb\">171,875</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 4<span class=\"_ _2c6\"> </span>15<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _77\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1b1 ws1d7\">2<span class=\"_ _5\"></span>01,<span class=\"_ _4\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _c7\"> </span>20<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>50<span class=\"_ _77\"> </span></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1ec ws215\">245<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 5<span class=\"_ _10a\"> </span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _93\"> </span>55,<span class=\"_ _3\"></span>000<span class=\"_ _1dd\"> </span>412<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 1 (*)<span class=\"_ _227\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _e0\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _164\"> </span><span class=\"lscb wsd6\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>573<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>673</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 2<span class=\"_ _297\"> </span>100<span class=\"_ _14e\"> </span>2,344<span class=\"_ _213\"> </span>2<span class=\"_ _3\"></span>,444<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>43<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4,6<span class=\"_ _5\"></span>87<span class=\"_ _1e7\"> </span><span class=\"ls1a9 ws1cf\">7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 3<span class=\"_ _297\"> </span>100<span class=\"_ _169\"> </span><span class=\"ls1ac ws1d2\">3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _169\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _a9\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 4<span class=\"_ _fa\"> </span><span class=\"ls1b0 ws1d6\">3,666<span class=\"_ _15a\"> </span></span><span class=\"ls3\">3,56<span class=\"_ _5\"></span>6<span class=\"_ _164\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _168\"> </span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _164\"> </span></span>3,566<span class=\"_ _152\"> </span><span class=\"ls1b2 ws1d8\">10,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 5<span class=\"_ _fa\"> </span>5,4<span class=\"_ _5\"></span>23<span class=\"_ _168\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1ef ws218\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _168\"> </span>9,<span class=\"_ _4\"></span>615<span class=\"_ _a9\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span><span class=\"ls1ac ws1d2\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 6<span class=\"_ _150\"> </span><span class=\"ls1ab ws1d1\">25,220<span class=\"_ _93\"> </span><span class=\"ls1ed ws216\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _152\"> </span></span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span></span>50,3<span class=\"_ _5\"></span>40</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 7<span class=\"_ _10b\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _14e\"> </span>6,<span class=\"_ _5\"></span>225<span class=\"_ _27d\"> </span><span class=\"ls1c4 ws1ec\">25,000<span class=\"_ _26\"> </span></span><span class=\"ls3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-</span>O<span class=\"_ _5\"></span>ther l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m b<span class=\"_ _5\"></span>ank lo<span class=\"_ _5\"></span>ans<span class=\"_ _242\"> </span>8,466<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _152\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07<span class=\"_ _152\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _169\"> </span><span class=\"ls1f1 ws21a\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">21,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _208\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _77\"> </span></span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _235\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _235\"> </span></span>1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4</span>Shor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _201\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _b2\"> </span><span class=\"ls75 ws82\">105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _b2\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t-term bank loans<span class=\"_ _5f\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _1df\"> </span><span class=\"ls1b2 ws1d8\">10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span>10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term commercial paper<span class=\"_ _2c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _12c\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span><span class=\"ls4c ws5f\">252,870<span class=\"_ _ad\"> </span></span>1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _89\"> </span><span class=\"ls34 ws3e\">343,340<span class=\"_ _89\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term deposi<span class=\"_ _5\"></span>ts<span class=\"_ _f4\"> </span>-<span class=\"_ _73\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _73\"> </span>-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _1df\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span>Cas<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>ank and i<span class=\"_ _5\"></span>n hand<span class=\"_ _f6\"> </span>-<span class=\"_ _110\"> </span><span class=\"ls1b ws24\">-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1de\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _31\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"ls56 ws5e\">-<span class=\"_ _5\"></span>514<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1de\"> </span>-514<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _242\"> </span>-<span class=\"_ _ac\"> </span><span class=\"lsb wsc\">-5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>61<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _166\"> </span></span>-<span class=\"_ _ac\"> </span><span class=\"ls4c ws5f\">-52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632<span class=\"_ _ac\"> </span>-528<span class=\"_ _5\"></span>,632</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal net financial debt<span class=\"_ _13a\"> </span>789,90<span class=\"_ _5\"></span>4<span class=\"_ _ac\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>91<span class=\"_ _89\"> </span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _b2\"> </span><span class=\"ls1a4 ws1cb\">5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _1de\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c8\"> </span></span></span></span>392<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>678</span>(*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1BA<span class=\"_ _5\"></span>NK D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T SECU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ITI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Guarante<span class=\"_ _5\"></span>ed deb<span class=\"_ _5\"></span>t<span class=\"_ _10b\"> </span><span class=\"ls76 ws84\">7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>515<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span></span></span></span>311<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span>8<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> </span>Secured<span class=\"_ _3\"></span> debt<span class=\"_ _1eb\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _1ee\"> </span></span>6,<span class=\"_ _5\"></span>250 <span class=\"_ _93\"> </span><span class=\"ls1c ws26\">9,<span class=\"_ _5\"></span>375<span class=\"_ _5\"></span> </span></span>Unguarante<span class=\"_ _5\"></span>ed-<span class=\"_ _5\"></span>unse<span class=\"_ _5\"></span>cured deb<span class=\"_ _5\"></span>t<span class=\"_ _119\"> </span>78<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>63 <span class=\"_ _1df\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls75 ws82\">103<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _1dd\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>741<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span></span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _122\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _1e3\"> </span><span class=\"ls4c ws5f\">252,8<span class=\"_ _5\"></span>70 <span class=\"_ _289\"> </span></span>1,<span class=\"_ _3\"></span>042,7<span class=\"_ _8\"></span>7<span class=\"_ _3\"></span>4 <span class=\"_ _14f\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1de\"> </span><span class=\"ls34 ws3e\">343,340 <span class=\"_ _14f\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310 </span></span>Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y to t<span class=\"_ _5\"></span>he wa<span class=\"_ _5\"></span>y DEME f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e 201<span class=\"_ _8\"></span>5, w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>eby f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME l<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r a ban<span class=\"_ _5\"></span>k (or a few b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s) and p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed ha<span class=\"_ _5\"></span>rd s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s (su<span class=\"_ _5\"></span>ch as m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s), no s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (oth<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e DEME N<span class=\"_ _5\"></span>V pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e) are p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>is of<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>rs ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum fl<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h can b<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d intr<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p and c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>.DE<span class=\"_ _5\"></span>BT M<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>Y S<span class=\"_ _5\"></span>CH<span class=\"_ _5\"></span>ED<span class=\"_ _5\"></span>UL<span class=\"_ _5\"></span>E OF T<span class=\"_ _5\"></span>OT<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>L LON<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>-<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>M FIN<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NC<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>L LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESMo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n on<span class=\"_ _5\"></span>e (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearSubor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"lsb wsc\">677<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"lsb wsc\">677</span></span>Leas<span class=\"_ _5\"></span>e liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _dd\"> </span>35,31<span class=\"_ _2\"></span>5 <span class=\"_ _202\"> </span>41,0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _257\"> </span>140<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>570<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _da\"> </span><span class=\"lsc wsd\">93<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>351</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span></span>-<span class=\"_ _cc\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal long-term financia<span class=\"_ _5\"></span>l liabilities<span class=\"_ _ba\"> </span>1<span class=\"_ _8\"></span>75,809<span class=\"_ _8\"></span> <span class=\"_ _159\"> </span>61<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>95 <span class=\"_ _b9\"> </span><span class=\"ls4c ws5f\">252<span class=\"_ _5\"></span>,870<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4 </span></span>The i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n EURI<span class=\"_ _5\"></span>BO<span class=\"_ _5\"></span>R pl<span class=\"_ _5\"></span>us a mar<span class=\"_ _5\"></span>gin w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is up<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ea<span class=\"_ _5\"></span>ch s<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ter f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng DE<span class=\"_ _5\"></span>ME\u2019s leve<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>his f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oat<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e, i<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s (note (1<span class=\"_ _8\"></span>9)<span class=\"_ _3\"></span>). Th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s is f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se liabilities a<span class=\"_ _3\"></span>nd other long-te<span class=\"_ _3\"></span>rm loans.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Initial amount<span class=\"_ _14f\"> </span><span class=\"ls1b7 ws1dc\">Dating from<span class=\"_ _1e3\"> </span><span class=\"ls1b6 ws1db\">Ma<span class=\"_ _5\"></span>turity till</span></span>Long-term<span class=\"_ _3\"></span> loan facilitiesLon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 1<span class=\"_ _2c8\"> </span>4<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>,000 <span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">2015-2<span class=\"_ _5\"></span>017<span class=\"_ _258\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 2<span class=\"_ _2c8\"> </span>2<span class=\"_ _8\"></span>40,000 <span class=\"_ _7e\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>018<span class=\"_ _245\"> </span><span class=\"ls58 ws61\">2025</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 3<span class=\"_ _2c9\"> </span>250<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 4<span class=\"_ _2c9\"> </span>350<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 5<span class=\"_ _2ca\"> </span>440,000 <span class=\"_ _91\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022<span class=\"_ _258\"> </span><span class=\"lsb wsc\">203<span class=\"_ _5\"></span>0</span></span>1<span class=\"_ _3\"></span>,<span class=\"_ _8\"></span>71<span class=\"_ _8\"></span>5,000<span class=\"_ _3\"></span> Asset-based loansA<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 1 (*)<span class=\"_ _1c8\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span>20<span class=\"_ _5\"></span>18<span class=\"_ _96\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 2<span class=\"_ _252\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span><span class=\"ls55 ws5d\">20<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 3<span class=\"_ _136\"> </span>1<span class=\"_ _8\"></span>5,352 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _245\"> </span><span class=\"ls7a ws88\">2027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 4<span class=\"_ _252\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 5<span class=\"_ _252\"> </span>1<span class=\"_ _8\"></span>8,000 <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 6<span class=\"_ _252\"> </span>50,340 <span class=\"_ _7f\"> </span><span class=\"ls12 ws17\">2021<span class=\"_ _258\"> </span><span class=\"ls58 ws61\">202<span class=\"_ _5\"></span>9</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 7<span class=\"_ _252\"> </span>25<span class=\"_ _8\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">2022<span class=\"_ _96\"> </span><span class=\"lsb wsc\">2030</span></span>1<span class=\"_ _3\"></span>60,296 (*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.In lin<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>EME\u2019s su<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y go<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s into s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y-l<span class=\"_ _5\"></span>inked l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tot<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ing 8<span class=\"_ _5\"></span>43 milli<span class=\"_ _5\"></span>on EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2022. Th<span class=\"_ _5\"></span>is maj<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>ighl<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ts D<span class=\"_ _5\"></span>EME\u2019s v<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on to r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>wo m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cs r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by the l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de L<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>FR an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>ow c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>bon f<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>ne me<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t and o<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w, the im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or 2022 is n<span class=\"_ _5\"></span>eut<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l.FINANCIAL<span class=\"_ _8\"></span> CO<span class=\"_ _8\"></span>VENANTSThe s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es is a<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e for t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 as wel<span class=\"_ _5\"></span>l as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up <span class=\"ff73 ls116 ws9d\">complies</span> wit<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _8\"></span>25%<span class=\"_ _3\"></span>), th<span class=\"_ _5\"></span>e deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EBIT<span class=\"_ _5\"></span>DA ra<span class=\"_ _5\"></span>tio (&lt;<span class=\"_ _8\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), tha<span class=\"_ _5\"></span>t wer<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d upo<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>.The <span class=\"ff73 ls3 ws3\">sol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">th<span class=\"_ _5\"></span>at sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d be h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 25% is comp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s\u2019 e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y le<span class=\"_ _5\"></span>ss in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ded b<span class=\"_ _5\"></span>y </span></span>the b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 38.<span class=\"_ _8\"></span>1% (id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to 2021<span class=\"_ _8\"></span>: 38<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>%).The <span class=\"ff75 ls3 ws3\">deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d as to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t (wit<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut s<span class=\"_ _5\"></span>ubo<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s) div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d by EB<span class=\"_ _5\"></span>ITDA<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>ld b<span class=\"_ _5\"></span>e </span></span>low<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an 3. T<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>/EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 1.09 (2021<span class=\"_ _8\"></span>: 0.<span class=\"_ _5\"></span>83).The <span class=\"ff73 ls15d ws172\">interest c<span class=\"_ _8\"></span>over ratio<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>put<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s EBIT<span class=\"_ _5\"></span>DA div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es (in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me), sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d </span></span>be hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n 3. Th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r rat<span class=\"_ _5\"></span>io a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22 was 53.<span class=\"_ _5\"></span>3 (202<span class=\"_ _3\"></span>1: 1<span class=\"_ _2\"></span>71<span class=\"_ _3\"></span>.3).CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T FA<span class=\"_ _8\"></span>C<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D BA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>K TER<span class=\"_ _5\"></span>M LOAN<span class=\"_ _5\"></span>SAt Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bu<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>raw<span class=\"_ _5\"></span>n ba<span class=\"_ _5\"></span>nk cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>or am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>p to 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H A<span class=\"_ _5\"></span>ND C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H EQU<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late t<span class=\"_ _5\"></span>o cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at DEM<span class=\"_ _5\"></span>E\u2019s inte<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV, but also at operational<span class=\"_ _3\"></span> subsidiaries and<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Therefore, a portion of the consolidated cash<span class=\"_ _3\"></span> and cash equ<span class=\"_ _3\"></span>ivalents is not always immediately a<span class=\"_ _8\"></span>v<span class=\"_ _5\"></span>ailable<span class=\"_ _3\"></span> as a result<span class=\"_ _3\"></span> of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>stric<span class=\"_ _5\"></span>tions.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ash av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 388<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f 522.3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR cas<span class=\"_ _5\"></span>h &amp; ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 134.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot imm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>ly av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e. At the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021 the cas<span class=\"_ _5\"></span>h tha<span class=\"_ _5\"></span>t is imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 405 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f 528.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h not i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>23.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndCRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.SUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.F<span class=\"_ _2\"></span>AIR V<span class=\"_ _6\"></span>ALUES<span class=\"_ _8\"></span> &amp; HIER<span class=\"_ _5\"></span>ARCHYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e lev<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion h<span class=\"_ _5\"></span>ier<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>hy of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>3, d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>endi<span class=\"_ _5\"></span>ng on t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f inpu<span class=\"_ _5\"></span>t us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he valuation of<span class=\"_ _3\"></span> financial instruments.- <span class=\"_ _a7\"> </span>Level 1 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are un<span class=\"_ _5\"></span>adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted q<span class=\"_ _5\"></span>uo<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces in a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. No v<span class=\"_ _5\"></span>alua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>del i<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In le<span class=\"_ _5\"></span>vel 1, we f<span class=\"_ _5\"></span>ind al<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts (v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e) wi<span class=\"_ _5\"></span>th a pu<span class=\"_ _5\"></span>blic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g in an a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>Level 2 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces q<span class=\"_ _5\"></span>uot<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or si<span class=\"_ _5\"></span>milar a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>n ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, or d<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>a bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on or s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by obser<span class=\"_ _5\"></span>vable market<span class=\"_ _3\"></span> data. A valuation<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on observ<span class=\"_ _5\"></span>able parameters such<span class=\"_ _3\"></span> as discounted<span class=\"_ _3\"></span> cashflow model, the comparison with another simi<span class=\"_ _3\"></span>lar instrument, the determination<span class=\"_ _8\"></span> of prices by third parties;- <span class=\"_ _a7\"> </span>Level 3 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vab<span class=\"_ _5\"></span>le da<span class=\"_ _5\"></span>ta f<span class=\"_ _5\"></span>or d<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rmi<span class=\"_ _5\"></span>ning t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, e.g. s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or whi<span class=\"_ _5\"></span>ch no p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic lis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>s avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e, l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es to c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, val<span class=\"_ _5\"></span>ued a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>tc<span class=\"_ _5\"></span>.Se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low i<span class=\"_ _5\"></span>s an ove<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>wn in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. All f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to L<span class=\"_ _5\"></span>evel 2<span class=\"_ _5\"></span>. Dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e wer<span class=\"_ _5\"></span>e no t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Le<span class=\"_ _5\"></span>vel 1 and L<span class=\"_ _5\"></span>evel 2 f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>o tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s into a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f Leve<span class=\"_ _5\"></span>l 3 fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _12d\"> </span>39,336<span class=\"_ _7c\"> </span>44<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>32<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _158\"> </span><span class=\"ls79 ws87\">8<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>92 </span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _202\"> </span>32,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>32,5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">33,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>02 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls4b ws53\">39,33<span class=\"_ _5\"></span>6 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _15a\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> </span></span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _8d\"> </span>22,<span class=\"_ _5\"></span>022 <span class=\"_ _1e4\"> </span>1,<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>,023 <span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _159\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span><span class=\"lsb wsc\">4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>677 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls57 ws60\">22,022 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>22,022 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>22<span class=\"_ _5\"></span>,022 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls7f ws8d\">5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,233 <span class=\"_ _da\"> </span>1<span class=\"_ _2\"></span>24,23<span class=\"_ _8\"></span>3 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _3\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _28\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61 <span class=\"_ _29b\"> </span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls31 ws3a\">84<span class=\"_ _5\"></span>4,803<span class=\"_ _3\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls3 ws3\">798<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>95 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15f\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _b9\"> </span>78<span class=\"_ _5\"></span>9,9<span class=\"_ _5\"></span>04 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"ls19 ws16\">74<span class=\"_ _8\"></span>3,396 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls7f ws8d\">53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8 <span class=\"_ _1e\"> </span>1,2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>1,<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _17b\"> </span>3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls3 ws3\">1,358<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 <span class=\"_ _1de\"> </span></span>1,390,039<span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15d\"> </span>252<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>870 <span class=\"_ _159\"> </span>2<span class=\"_ _5\"></span>52,<span class=\"_ _5\"></span>870 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _29b\"> </span><span class=\"ls4c ws5f\">262<span class=\"_ _5\"></span>,980<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _12d\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">7<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span>72,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _27d\"> </span><span class=\"lsd wsf\">777<span class=\"_ _8\"></span>,705 <span class=\"_ _15f\"> </span>777<span class=\"_ _8\"></span>,705 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _27d\"> </span></span>777<span class=\"_ _8\"></span>,705 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>3 <span class=\"_ _7c\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls57 ws60\">89,<span class=\"_ _5\"></span>982 <span class=\"_ _78\"> </span>89,<span class=\"_ _5\"></span>982 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>89,<span class=\"_ _5\"></span>982 </span>Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _228\"> </span>613<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7a\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 <span class=\"_ _158\"> </span>3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 </span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _8f\"> </span><span class=\"lsc wsd\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>33<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _2d9\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span></span>6<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _35\"> </span></span>6<span class=\"_ _5\"></span>13</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls34 ws3e\">4,239 <span class=\"_ _168\"> </span>4,239 <span class=\"_ _235\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>4,239 </span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _212\"> </span>3<span class=\"_ _5\"></span>,207<span class=\"_ _5\"></span> <span class=\"_ _c7\"> </span>980,84<span class=\"_ _5\"></span>6 <span class=\"_ _28a\"> </span><span class=\"ls57 ws60\">98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _2d8\"> </span>98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _159\"> </span>38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>2 </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _ba\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">528<span class=\"_ _5\"></span>,632<span class=\"_ _5\"></span> <span class=\"_ _159\"> </span>528<span class=\"_ _5\"></span>,632 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632 </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _202\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _213\"> </span></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _fb\"> </span>2<span class=\"_ _3\"></span>6,868 <span class=\"_ _b9\"> </span>58<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>7 <span class=\"_ _159\"> </span><span class=\"ls1a4 ws1cb\">6<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _4c\"> </span><span class=\"lsf ws13\">62<span class=\"_ _5\"></span>0,631 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _27d\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"lsd9 wse4\">5<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _274\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7c\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27 <span class=\"_ _1e7\"> </span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _19b\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls16 ws1d\">1,466,439<span class=\"_ _8\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls3 ws3\">1,478,807 <span class=\"_ _288\"> </span></span>1,487<span class=\"_ _2\"></span>,090 </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _29b\"> </span>343,340 <span class=\"_ _b9\"> </span>34<span class=\"_ _8\"></span>3,340 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span><span class=\"lsc wsd\">351<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Le<span class=\"_ _5\"></span>vel 2<span class=\"_ _7a\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _29b\"> </span>101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>101,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls37 ws83\">772,90<span class=\"_ _8\"></span>5 <span class=\"_ _159\"> </span>772,90<span class=\"_ _3\"></span>5 <span class=\"_ _78\"> </span>Level 2<span class=\"_ _15d\"> </span>772,<span class=\"_ _3\"></span>905 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls58 ws61\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>026 <span class=\"_ _78\"> </span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls7f ws8d\">76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>1 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> </span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ere u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ues<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span>Cash an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d, r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axe<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>oxim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>heir car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>y have a sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>The fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue o<span class=\"_ _5\"></span>f inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t on s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar ter<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk an<span class=\"_ _5\"></span>d rem<span class=\"_ _5\"></span>aini<span class=\"_ _5\"></span>ng ma<span class=\"_ _5\"></span>turi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>; wh<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te is v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e (f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng), the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. A simi<span class=\"_ _5\"></span>lar ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h is us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>;- <span class=\"_ _172\"> </span>The Group enters into<span class=\"_ _3\"></span> financial derivative instruments with various count<span class=\"_ _3\"></span>erpar<span class=\"_ _5\"></span>ties, principally financial<span class=\"_ _3\"></span> institutions with inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gr<span class=\"_ _5\"></span>ade c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s val<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d usin<span class=\"_ _5\"></span>g val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>ech<span class=\"_ _5\"></span>niq<span class=\"_ _5\"></span>ues w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h mar<span class=\"_ _5\"></span>ket o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e inp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e main<span class=\"_ _5\"></span>ly interest rate swaps, fuel hedges and foreign<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>orward contrac<span class=\"_ _5\"></span>ts. The models incorporate various in<span class=\"_ _3\"></span>puts including for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>ot an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate cu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-268-4": {
   "value": "T<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure (ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s (e.g<span class=\"_ _5\"></span>. by DEM<span class=\"_ _5\"></span>E Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s) and a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s as we<span class=\"_ _5\"></span>ll as through asset<span class=\"_ _8\"></span>-base<span class=\"_ _5\"></span>d loans.The t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al su<span class=\"_ _5\"></span>bor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an is co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y CTOW (an<span class=\"_ _5\"></span>d inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any). A<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dali<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es no f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>x ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e due<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as l<span class=\"_ _5\"></span>ong t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar before maturity date.Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly, DEM<span class=\"_ _5\"></span>E Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV, which s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es as i<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>use b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME-<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, h<span class=\"_ _5\"></span>as te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th ele<span class=\"_ _5\"></span>ven di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l ban<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s. S<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e doc<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>lly (no c<span class=\"_ _5\"></span>lub d<span class=\"_ _5\"></span>eal)<span class=\"_ _5\"></span>, catering for optima<span class=\"_ _3\"></span>l financing c<span class=\"_ _3\"></span>onditions and maximum<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>lexibilit<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>. The term loan facility documentation i<span class=\"_ _3\"></span>s identical for<span class=\"_ _3\"></span> all banks, apart from the amount, tenor a<span class=\"_ _3\"></span>nd commerci<span class=\"_ _3\"></span>al conditions.On May 2<span class=\"_ _5\"></span>0t<span class=\"_ _5\"></span>h, 2022, D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Cen<span class=\"_ _5\"></span>ter N<span class=\"_ _5\"></span>V ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y int<span class=\"_ _5\"></span>o bil<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>al te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es wer<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly dr<span class=\"_ _5\"></span>aw<span class=\"_ _5\"></span>n on Jun<span class=\"_ _5\"></span>e 1<span class=\"_ _8\"></span>5th<span class=\"_ _5\"></span>, 2022. The f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ing to 4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, is am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er ei<span class=\"_ _5\"></span>ght ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s (1<span class=\"_ _8\"></span>6 equ<span class=\"_ _5\"></span>al half<span class=\"_ _8\"></span>-yearly capital instalments) and is<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on the loan<span class=\"_ _3\"></span> documentation that was<span class=\"_ _8\"></span> us<span class=\"_ _5\"></span>ed for previous transactions, updated to<span class=\"_ _3\"></span> the new L<span class=\"_ _5\"></span>MA-<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndar<span class=\"_ _5\"></span>d, i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y KP<span class=\"_ _5\"></span>I\u2019s th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ced i<span class=\"_ _5\"></span>n all te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in F<span class=\"_ _5\"></span>ebr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 2022. The financial cov<span class=\"_ _3\"></span>enants applying to<span class=\"_ _3\"></span> the new credit<span class=\"_ _3\"></span> facilities are the<span class=\"_ _3\"></span> same as in<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>evious transactions.NE<span class=\"_ _5\"></span>T FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>CIA<span class=\"_ _5\"></span>L D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>S DE<span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>D BY THE G<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OU<span class=\"_ _5\"></span>P2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>s of EUR / (-) is de<span class=\"_ _5\"></span>bit b<span class=\"_ _5\"></span>alan<span class=\"_ _5\"></span>ce)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Subor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _fe\"> </span><span class=\"lsb wsc\">677<span class=\"_ _166\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>677<span class=\"_ _91\"> </span><span class=\"ls82 ws90\">542<span class=\"_ _7e\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>5<span class=\"_ _7e\"> </span></span></span>677</span>Lea<span class=\"_ _5\"></span>se li<span class=\"_ _5\"></span>abili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (20))<span class=\"_ _139\"> </span>76<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _b9\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span>101,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _159\"> </span>72,<span class=\"_ _5\"></span>275<span class=\"_ _15f\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _da\"> </span><span class=\"lsd9 wse4\">92<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>93</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _ff\"> </span>7<span class=\"_ _4\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _111\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _c8\"> </span><span class=\"ls7a ws88\">503<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>49<span class=\"_ _74\"> </span></span></span>2<span class=\"_ _5\"></span>17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7<span class=\"_ _b1\"> </span><span class=\"ls78 ws86\">721,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 1<span class=\"_ _15b\"> </span>6,<span class=\"_ _5\"></span>286<span class=\"_ _77\"> </span>31,315<span class=\"_ _152\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _235\"> </span>37,<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>1<span class=\"_ _77\"> </span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _152\"> </span><span class=\"ls1ae ws1d4\">95<span class=\"_ _5\"></span>,5<span class=\"_ _5\"></span>43</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 2<span class=\"_ _23f\"> </span><span class=\"ls1bf ws1e6\">19<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _93\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _27d\"> </span><span class=\"ls1cd ws213\">50,<span class=\"_ _5\"></span>884<span class=\"_ _1ee\"> </span><span class=\"lsc9 wsd4\">50,<span class=\"_ _5\"></span>883<span class=\"_ _152\"> </span></span></span></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>07<span class=\"_ _93\"> </span><span class=\"ls1c7 ws1ef\">92,290</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 3<span class=\"_ _10a\"> </span>10<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>5<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">31,<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span><span class=\"ls1eb ws214\">140,625<span class=\"_ _1dd\"> </span>140,625<span class=\"_ _93\"> </span></span>31,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _28a\"> </span><span class=\"lsbf wscb\">171,875</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 4<span class=\"_ _2c6\"> </span>15<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _77\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_\"> </span>4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1b1 ws1d7\">2<span class=\"_ _5\"></span>01,<span class=\"_ _4\"></span>25<span class=\"_ _5\"></span>0<span class=\"_ _c7\"> </span>20<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>50<span class=\"_ _77\"> </span></span>4<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _7\"></span>6<span class=\"_ _c7\"> </span><span class=\"ls1ec ws215\">245<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>6</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y 5<span class=\"_ _10a\"> </span>3<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _93\"> </span>55,<span class=\"_ _3\"></span>000<span class=\"_ _1dd\"> </span>412<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _179\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 1 (*)<span class=\"_ _227\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _e0\"> </span>10<span class=\"_ _5\"></span>0<span class=\"_ _164\"> </span><span class=\"lscb wsd6\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>573<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>673</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 2<span class=\"_ _297\"> </span>100<span class=\"_ _14e\"> </span>2,344<span class=\"_ _213\"> </span>2<span class=\"_ _3\"></span>,444<span class=\"_ _15a\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>43<span class=\"_ _14e\"> </span><span class=\"lsbf wscb\">4,6<span class=\"_ _5\"></span>87<span class=\"_ _1e7\"> </span><span class=\"ls1a9 ws1cf\">7,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>0</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 3<span class=\"_ _297\"> </span>100<span class=\"_ _169\"> </span><span class=\"ls1ac ws1d2\">3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _168\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _169\"> </span>3<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>13<span class=\"_ _a9\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 4<span class=\"_ _fa\"> </span><span class=\"ls1b0 ws1d6\">3,666<span class=\"_ _15a\"> </span></span><span class=\"ls3\">3,56<span class=\"_ _5\"></span>6<span class=\"_ _164\"> </span><span class=\"ls1ad ws1d3\">7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _168\"> </span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _164\"> </span></span>3,566<span class=\"_ _152\"> </span><span class=\"ls1b2 ws1d8\">10,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>8</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 5<span class=\"_ _fa\"> </span>5,4<span class=\"_ _5\"></span>23<span class=\"_ _168\"> </span><span class=\"ls1a9 ws1cf\">4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1ef ws218\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _168\"> </span>9,<span class=\"_ _4\"></span>615<span class=\"_ _a9\"> </span></span>4<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _77\"> </span><span class=\"ls1ac ws1d2\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 6<span class=\"_ _150\"> </span><span class=\"ls1ab ws1d1\">25,220<span class=\"_ _93\"> </span><span class=\"ls1ed ws216\">12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span><span class=\"ls1ad ws1d3\">3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _235\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _152\"> </span></span>12<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0<span class=\"_ _1ee\"> </span></span>50,3<span class=\"_ _5\"></span>40</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an 7<span class=\"_ _10b\"> </span>18<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _14e\"> </span>6,<span class=\"_ _5\"></span>225<span class=\"_ _27d\"> </span><span class=\"ls1c4 ws1ec\">25,000<span class=\"_ _26\"> </span></span><span class=\"ls3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-</span>O<span class=\"_ _5\"></span>ther l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m b<span class=\"_ _5\"></span>ank lo<span class=\"_ _5\"></span>ans<span class=\"_ _242\"> </span>8,466<span class=\"_ _213\"> </span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _152\"> </span>10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>07<span class=\"_ _152\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7<span class=\"_ _169\"> </span><span class=\"ls1f1 ws21a\">9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _152\"> </span><span class=\"ls1b1 ws1d7\">21,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _208\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _77\"> </span></span>1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _235\"> </span>1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _31\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _235\"> </span></span>1,5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>4</span>Shor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _201\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _166\"> </span>-<span class=\"_ _b2\"> </span><span class=\"ls75 ws82\">105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _b2\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t-term bank loans<span class=\"_ _5f\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _1df\"> </span><span class=\"ls1b2 ws1d8\">10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _1dd\"> </span>10<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0</span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term commercial paper<span class=\"_ _2c7\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _2b\"> </span>-<span class=\"_ _26\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _12c\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4<span class=\"_ _89\"> </span><span class=\"ls4c ws5f\">252,870<span class=\"_ _ad\"> </span></span>1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4<span class=\"_ _c8\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _89\"> </span><span class=\"ls34 ws3e\">343,340<span class=\"_ _89\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>Shor<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-term deposi<span class=\"_ _5\"></span>ts<span class=\"_ _f4\"> </span>-<span class=\"_ _73\"> </span><span class=\"ls87 ws95\">-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _73\"> </span>-31,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _31\"> </span></span>-<span class=\"_ _15c\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _1df\"> </span>-1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6</span>Cas<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>ank and i<span class=\"_ _5\"></span>n hand<span class=\"_ _f6\"> </span>-<span class=\"_ _110\"> </span><span class=\"ls1b ws24\">-<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1de\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _31\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"ls56 ws5e\">-<span class=\"_ _5\"></span>514<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _1de\"> </span>-514<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _242\"> </span>-<span class=\"_ _ac\"> </span><span class=\"lsb wsc\">-5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>61<span class=\"_ _ac\"> </span>-<span class=\"_ _5\"></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _166\"> </span></span>-<span class=\"_ _ac\"> </span><span class=\"ls4c ws5f\">-52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632<span class=\"_ _ac\"> </span>-528<span class=\"_ _5\"></span>,632</span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal net financial debt<span class=\"_ _13a\"> </span>789,90<span class=\"_ _5\"></span>4<span class=\"_ _ac\"> </span><span class=\"ls79 ws87\">-2<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>91<span class=\"_ _89\"> </span><span class=\"ls137 ws144\">5<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>13<span class=\"_ _b2\"> </span><span class=\"ls1a4 ws1cb\">5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _1de\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _c8\"> </span></span></span></span>392<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>678</span>(*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1BA<span class=\"_ _5\"></span>NK D<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>T SECU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>ITI<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>S2022<span class=\"_ _290\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l<span class=\"_ _289\"> </span></span></span>Non-current<span class=\"_ _da\"> </span><span class=\"ls1e8 ws210\">Cu<span class=\"_ _5\"></span>rren<span class=\"_ _5\"></span>t<span class=\"_ _169\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>l</span></span>Guarante<span class=\"_ _5\"></span>ed deb<span class=\"_ _5\"></span>t<span class=\"_ _10b\"> </span><span class=\"ls76 ws84\">7<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span><span class=\"lsc wsd\">9<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>51<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls1b ws24\">5<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>515<span class=\"_ _5\"></span> <span class=\"_ _89\"> </span></span></span></span>311<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _14f\"> </span>8<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> </span>Secured<span class=\"_ _3\"></span> debt<span class=\"_ _1eb\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _166\"> </span>-<span class=\"_ _31\"> </span>-<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _1ee\"> </span></span>6,<span class=\"_ _5\"></span>250 <span class=\"_ _93\"> </span><span class=\"ls1c ws26\">9,<span class=\"_ _5\"></span>375<span class=\"_ _5\"></span> </span></span>Unguarante<span class=\"_ _5\"></span>ed-<span class=\"_ _5\"></span>unse<span class=\"_ _5\"></span>cured deb<span class=\"_ _5\"></span>t<span class=\"_ _119\"> </span>78<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>63 <span class=\"_ _1df\"> </span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span><span class=\"ls75 ws82\">103<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> <span class=\"_ _1dd\"> </span><span class=\"ls8b ws99\">74<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _28a\"> </span>2<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>741<span class=\"_ _5\"></span> <span class=\"_ _14f\"> </span></span>10<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>071<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al interest<span class=\"_ _8\"></span>-bearing debt<span class=\"_ _122\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _1e3\"> </span><span class=\"ls4c ws5f\">252,8<span class=\"_ _5\"></span>70 <span class=\"_ _289\"> </span></span>1,<span class=\"_ _3\"></span>042,7<span class=\"_ _8\"></span>7<span class=\"_ _3\"></span>4 <span class=\"_ _14f\"> </span>5<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1de\"> </span><span class=\"ls34 ws3e\">343,340 <span class=\"_ _14f\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310 </span></span>Con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y to t<span class=\"_ _5\"></span>he wa<span class=\"_ _5\"></span>y DEME f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts b<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e 201<span class=\"_ _8\"></span>5, w<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>eby f<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>ach in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME l<span class=\"_ _5\"></span>ooke<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r a ban<span class=\"_ _5\"></span>k (or a few b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s) and p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed ha<span class=\"_ _5\"></span>rd s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s in f<span class=\"_ _5\"></span>avou<span class=\"_ _5\"></span>r of th<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s (su<span class=\"_ _5\"></span>ch as m<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>tg<span class=\"_ _5\"></span>age<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s), no s<span class=\"_ _5\"></span>ecu<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (oth<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e DEME N<span class=\"_ _5\"></span>V pa<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comp<span class=\"_ _5\"></span>any g<span class=\"_ _5\"></span>uar<span class=\"_ _5\"></span>ante<span class=\"_ _5\"></span>e) are p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r the a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans li<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ted a<span class=\"_ _5\"></span>bov<span class=\"_ _5\"></span>e. Th<span class=\"_ _5\"></span>is of<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>rs ma<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>imum fl<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he un<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ly<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h can b<span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>d intr<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p and c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e ref<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>agg<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>ccor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g to pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>.DE<span class=\"_ _5\"></span>BT M<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>Y S<span class=\"_ _5\"></span>CH<span class=\"_ _5\"></span>ED<span class=\"_ _5\"></span>UL<span class=\"_ _5\"></span>E OF T<span class=\"_ _5\"></span>OT<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>L LON<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>-<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>M FIN<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>NC<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>L LI<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESMo<span class=\"_ _5\"></span>re t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n 5 Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en 1 a<span class=\"_ _5\"></span>nd Le<span class=\"_ _5\"></span>ss t<span class=\"_ _5\"></span>ha<span class=\"_ _5\"></span>n on<span class=\"_ _5\"></span>e (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>lyears5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>syearSubor<span class=\"_ _5\"></span>dinated lo<span class=\"_ _5\"></span>ans<span class=\"_ _62\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span><span class=\"lsb wsc\">677<span class=\"_ _27\"> </span></span>-<span class=\"_ _2d\"> </span><span class=\"lsb wsc\">677</span></span>Leas<span class=\"_ _5\"></span>e liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _dd\"> </span>35,31<span class=\"_ _2\"></span>5 <span class=\"_ _202\"> </span>41,0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2</span></span>Cred<span class=\"_ _3\"></span>it in<span class=\"_ _3\"></span>stitutio<span class=\"_ _3\"></span>ns<span class=\"_ _257\"> </span>140<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>570<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span><span class=\"ls147 ws157\">2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _da\"> </span><span class=\"lsc wsd\">93<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>351</span></span>Oth<span class=\"_ _5\"></span>er long-term loans<span class=\"_ _f1\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span></span>-<span class=\"_ _cc\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>4</span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _5\"></span>tal long-term financia<span class=\"_ _5\"></span>l liabilities<span class=\"_ _ba\"> </span>1<span class=\"_ _8\"></span>75,809<span class=\"_ _8\"></span> <span class=\"_ _159\"> </span>61<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>95 <span class=\"_ _b9\"> </span><span class=\"ls4c ws5f\">252<span class=\"_ _5\"></span>,870<span class=\"_ _5\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1,042,<span class=\"_ _8\"></span>77<span class=\"_ _8\"></span>4 </span></span>The i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s is b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>n EURI<span class=\"_ _5\"></span>BO<span class=\"_ _5\"></span>R pl<span class=\"_ _5\"></span>us a mar<span class=\"_ _5\"></span>gin w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h is up<span class=\"_ _5\"></span>date<span class=\"_ _5\"></span>d ea<span class=\"_ _5\"></span>ch s<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ter f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ng DE<span class=\"_ _5\"></span>ME\u2019s leve<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>his f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oat<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e, i<span class=\"_ _5\"></span>s hed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s (note (1<span class=\"_ _8\"></span>9)<span class=\"_ _3\"></span>). Th<span class=\"_ _5\"></span>e inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s is f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d. N<span class=\"_ _5\"></span>ex<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s lea<span class=\"_ _5\"></span>se liabilities a<span class=\"_ _3\"></span>nd other long-te<span class=\"_ _3\"></span>rm loans.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Initial amount<span class=\"_ _14f\"> </span><span class=\"ls1b7 ws1dc\">Dating from<span class=\"_ _1e3\"> </span><span class=\"ls1b6 ws1db\">Ma<span class=\"_ _5\"></span>turity till</span></span>Long-term<span class=\"_ _3\"></span> loan facilitiesLon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 1<span class=\"_ _2c8\"> </span>4<span class=\"_ _3\"></span>35<span class=\"_ _3\"></span>,000 <span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">2015-2<span class=\"_ _5\"></span>017<span class=\"_ _258\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>24</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 2<span class=\"_ _2c8\"> </span>2<span class=\"_ _8\"></span>40,000 <span class=\"_ _7e\"> </span><span class=\"ls56 ws5e\">2<span class=\"_ _5\"></span>018<span class=\"_ _245\"> </span><span class=\"ls58 ws61\">2025</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 3<span class=\"_ _2c9\"> </span>250<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 4<span class=\"_ _2c9\"> </span>350<span class=\"_ _3\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>Lon<span class=\"_ _5\"></span>g-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>acil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y 5<span class=\"_ _2ca\"> </span>440,000 <span class=\"_ _91\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022<span class=\"_ _258\"> </span><span class=\"lsb wsc\">203<span class=\"_ _5\"></span>0</span></span>1<span class=\"_ _3\"></span>,<span class=\"_ _8\"></span>71<span class=\"_ _8\"></span>5,000<span class=\"_ _3\"></span> Asset-based loansA<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 1 (*)<span class=\"_ _1c8\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>92<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span>20<span class=\"_ _5\"></span>18<span class=\"_ _96\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>022</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 2<span class=\"_ _252\"> </span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _7f\"> </span><span class=\"ls55 ws5d\">20<span class=\"_ _5\"></span>19<span class=\"_ _96\"> </span><span class=\"ls7a ws88\">2<span class=\"_ _5\"></span>027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 3<span class=\"_ _136\"> </span>1<span class=\"_ _8\"></span>5,352 <span class=\"_ _7e\"> </span><span class=\"ls55 ws5d\">2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>19<span class=\"_ _245\"> </span><span class=\"ls7a ws88\">2027</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 4<span class=\"_ _252\"> </span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 5<span class=\"_ _252\"> </span>1<span class=\"_ _8\"></span>8,000 <span class=\"_ _7e\"> </span><span class=\"ls59 ws62\">2020<span class=\"_ _163\"> </span><span class=\"ls58 ws61\">2<span class=\"_ _5\"></span>028</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 6<span class=\"_ _252\"> </span>50,340 <span class=\"_ _7f\"> </span><span class=\"ls12 ws17\">2021<span class=\"_ _258\"> </span><span class=\"ls58 ws61\">202<span class=\"_ _5\"></span>9</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et-ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d loa<span class=\"_ _5\"></span>n 7<span class=\"_ _252\"> </span>25<span class=\"_ _8\"></span>,000 <span class=\"_ _7e\"> </span><span class=\"ls58 ws61\">2022<span class=\"_ _96\"> </span><span class=\"lsb wsc\">2030</span></span>1<span class=\"_ _3\"></span>60,296 (*) I<span class=\"_ _5\"></span>ni<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>l ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y t<span class=\"_ _5\"></span>ill 2<span class=\"_ _5\"></span>026. E<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ly r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt in 2<span class=\"_ _5\"></span>022.In lin<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>EME\u2019s su<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y go<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s into s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y-l<span class=\"_ _5\"></span>inked l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tot<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ing 8<span class=\"_ _5\"></span>43 milli<span class=\"_ _5\"></span>on EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2022. Th<span class=\"_ _5\"></span>is maj<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>ighl<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ts D<span class=\"_ _5\"></span>EME\u2019s v<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on to r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>wo m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cs r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by the l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de L<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>FR an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>ow c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>bon f<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>ne me<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t and o<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w, the im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or 2022 is n<span class=\"_ _5\"></span>eut<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l.FINANCIAL<span class=\"_ _8\"></span> CO<span class=\"_ _8\"></span>VENANTSThe s<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e se<span class=\"_ _5\"></span>t of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es is a<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e for t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-te<span class=\"_ _5\"></span>rm lo<span class=\"_ _5\"></span>an f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s. At D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 as wel<span class=\"_ _5\"></span>l as at D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1 the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up <span class=\"ff73 ls116 ws9d\">complies</span> wit<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _8\"></span>25%<span class=\"_ _3\"></span>), th<span class=\"_ _5\"></span>e deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EBIT<span class=\"_ _5\"></span>DA ra<span class=\"_ _5\"></span>tio (&lt;<span class=\"_ _8\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), tha<span class=\"_ _5\"></span>t wer<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>d upo<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>in the c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>.The <span class=\"ff73 ls3 ws3\">sol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">th<span class=\"_ _5\"></span>at sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d be h<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>er tha<span class=\"_ _5\"></span>n 25% is comp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ed as s<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>eho<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s\u2019 e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y le<span class=\"_ _5\"></span>ss in<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ngib<span class=\"_ _5\"></span>le a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd go<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>ll di<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ded b<span class=\"_ _5\"></span>y </span></span>the b<span class=\"_ _5\"></span>ala<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>hee<span class=\"_ _5\"></span>t to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l adju<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>gib<span class=\"_ _5\"></span>le as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>x as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e so<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 38.<span class=\"_ _8\"></span>1% (id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to 2021<span class=\"_ _8\"></span>: 38<span class=\"_ _5\"></span>.<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>%).The <span class=\"ff75 ls3 ws3\">deb<span class=\"_ _5\"></span>t/<span class=\"_ _5\"></span>EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io <span class=\"ff70\">c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>ute<span class=\"_ _5\"></span>d as to<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t (wit<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ut s<span class=\"_ _5\"></span>ubo<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s) div<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d by EB<span class=\"_ _5\"></span>ITDA<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>ld b<span class=\"_ _5\"></span>e </span></span>low<span class=\"_ _5\"></span>er th<span class=\"_ _5\"></span>an 3. T<span class=\"_ _5\"></span>he de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>/EB<span class=\"_ _5\"></span>ITDA r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2022 wa<span class=\"_ _5\"></span>s 1.09 (2021<span class=\"_ _8\"></span>: 0.<span class=\"_ _5\"></span>83).The <span class=\"ff73 ls15d ws172\">interest c<span class=\"_ _8\"></span>over ratio<span class=\"_ _3\"></span> <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>put<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s EBIT<span class=\"_ _5\"></span>DA div<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>ed by n<span class=\"_ _5\"></span>et f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es (in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ch<span class=\"_ _5\"></span>arg<span class=\"_ _5\"></span>es l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me), sh<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d </span></span>be hi<span class=\"_ _5\"></span>ghe<span class=\"_ _5\"></span>r tha<span class=\"_ _5\"></span>n 3. Th<span class=\"_ _5\"></span>e int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t cove<span class=\"_ _5\"></span>r rat<span class=\"_ _5\"></span>io a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22 was 53.<span class=\"_ _5\"></span>3 (202<span class=\"_ _3\"></span>1: 1<span class=\"_ _2\"></span>71<span class=\"_ _3\"></span>.3).CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T FA<span class=\"_ _8\"></span>C<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D BA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>K TER<span class=\"_ _5\"></span>M LOAN<span class=\"_ _5\"></span>SAt Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bu<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>raw<span class=\"_ _5\"></span>n ba<span class=\"_ _5\"></span>nk cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR at t<span class=\"_ _5\"></span>he end o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. I<span class=\"_ _5\"></span>n add<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e Gro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ssi<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er f<span class=\"_ _5\"></span>or am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts u<span class=\"_ _5\"></span>p to 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H A<span class=\"_ _5\"></span>ND C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H EQU<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>LE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>SCas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>late t<span class=\"_ _5\"></span>o cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d at DEM<span class=\"_ _5\"></span>E\u2019s inte<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV, but also at operational<span class=\"_ _3\"></span> subsidiaries and<span class=\"_ _3\"></span> joint vent<span class=\"_ _3\"></span>ures. Therefore, a portion of the consolidated cash<span class=\"_ _3\"></span> and cash equ<span class=\"_ _3\"></span>ivalents is not always immediately a<span class=\"_ _8\"></span>v<span class=\"_ _5\"></span>ailable<span class=\"_ _3\"></span> as a result<span class=\"_ _3\"></span> of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>stric<span class=\"_ _5\"></span>tions.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t of c<span class=\"_ _5\"></span>ash av<span class=\"_ _5\"></span>ail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r use b<span class=\"_ _5\"></span>y the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 388<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2 milli<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R out o<span class=\"_ _5\"></span>f 522.3 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR cas<span class=\"_ _5\"></span>h &amp; ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. A<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of 134.<span class=\"_ _2\"></span>1 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot imm<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>ly av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e. At the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021 the cas<span class=\"_ _5\"></span>h tha<span class=\"_ _5\"></span>t is imme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 405 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f 528.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EU<span class=\"_ _5\"></span>R cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h not i<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>dia<span class=\"_ _5\"></span>tel<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>23.6 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>.CA<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H FLOWS R<span class=\"_ _5\"></span>EL<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>TE<span class=\"_ _5\"></span>D TO FI<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>AN<span class=\"_ _5\"></span>CI<span class=\"_ _5\"></span>AL L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IE<span class=\"_ _5\"></span>ST<span class=\"_ _2\"></span>otal interest-bearing<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>bt<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Balance at January 1<span class=\"_ _2cb\"> </span><span class=\"ls3f ws67\">921,<span class=\"_ _5\"></span>310<span class=\"_ _31\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7</span></span>Ca<span class=\"_ _5\"></span>sh mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as p<span class=\"_ _5\"></span>er c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>esMovement<span class=\"_ _5\"></span>s New interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _be\"> </span><span class=\"ls33 ws3c\">46<span class=\"_ _8\"></span>5,000<span class=\"_ _19a\"> </span><span class=\"lsc wsd\">51,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>4</span></span>duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e yearRepayment of intere<span class=\"_ _5\"></span>st-bearing debt<span class=\"_ _248\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _2b\"> </span><span class=\"ls88 ws96\">-278<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>875</span></span>Non-cash movementsAssumed in business combi<span class=\"_ _3\"></span>nations<span class=\"_ _57\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Movement<span class=\"_ _5\"></span>s duri<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e IFR<span class=\"_ _5\"></span>S 16 leases36<span class=\"_ _5\"></span>,952<span class=\"_ _19a\"> </span><span class=\"ls82 ws90\">36,389</span>yearOt<span class=\"_ _5\"></span>her <span class=\"_ _271\"> </span>-<span class=\"_ _18b\"> </span><span class=\"ls78 ws86\">1,4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _17a\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>,042,7<span class=\"_ _8\"></span>74<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">92<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>310</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-268-5": {
   "value": "T<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure (ve<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er eq<span class=\"_ _5\"></span>uip<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t), eq<span class=\"_ _5\"></span>uit<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>icip<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s (e.g<span class=\"_ _5\"></span>. by DEM<span class=\"_ _5\"></span>E Con<span class=\"_ _5\"></span>ces<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s) and a<span class=\"_ _5\"></span>cqui<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E so<span class=\"_ _5\"></span>urce<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch ar<span class=\"_ _5\"></span>e avai<span class=\"_ _5\"></span>lab<span class=\"_ _5\"></span>le fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al co<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ate p<span class=\"_ _5\"></span>urp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s as we<span class=\"_ _5\"></span>ll as through asset<span class=\"_ _8\"></span>-base<span class=\"_ _5\"></span>d loans.The t<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>al su<span class=\"_ _5\"></span>bor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d lo<span class=\"_ _5\"></span>an is co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y CTOW (an<span class=\"_ _5\"></span>d inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>e pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t due t<span class=\"_ _5\"></span>o the p<span class=\"_ _5\"></span>ar<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>any). A<span class=\"_ _5\"></span>s p<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dali<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es no f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>x ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>alm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e due<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>an is r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as l<span class=\"_ _5\"></span>ong t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d as sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t te<span class=\"_ _5\"></span>rm t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar before maturity date.Curr<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ly, DEM<span class=\"_ _5\"></span>E Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV, which s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>es as i<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>use b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he D<span class=\"_ _5\"></span>EME-<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s, h<span class=\"_ _5\"></span>as te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th ele<span class=\"_ _5\"></span>ven di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nt co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l ban<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s. S<span class=\"_ _5\"></span>am<span class=\"_ _5\"></span>e as f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, th<span class=\"_ _5\"></span>e doc<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on is s<span class=\"_ _5\"></span>ign<span class=\"_ _5\"></span>ed bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>lly (no c<span class=\"_ _5\"></span>lub d<span class=\"_ _5\"></span>eal)<span class=\"_ _5\"></span>, catering for optima<span class=\"_ _3\"></span>l financing c<span class=\"_ _3\"></span>onditions and maximum<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>lexibilit<span class=\"_ _5\"></span>y<span class=\"_ _8\"></span>. The term loan facility documentation i<span class=\"_ _3\"></span>s identical for<span class=\"_ _3\"></span> all banks, apart from the amount, tenor a<span class=\"_ _3\"></span>nd commerci<span class=\"_ _3\"></span>al conditions.On May 2<span class=\"_ _5\"></span>0t<span class=\"_ _5\"></span>h, 2022, D<span class=\"_ _5\"></span>EME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>dina<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on Cen<span class=\"_ _5\"></span>ter N<span class=\"_ _5\"></span>V ent<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>nall<span class=\"_ _5\"></span>y int<span class=\"_ _5\"></span>o bil<span class=\"_ _5\"></span>ater<span class=\"_ _5\"></span>al te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e fa<span class=\"_ _5\"></span>cil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es wer<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly dr<span class=\"_ _5\"></span>aw<span class=\"_ _5\"></span>n on Jun<span class=\"_ _5\"></span>e 1<span class=\"_ _8\"></span>5th<span class=\"_ _5\"></span>, 2022. The f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>ack<span class=\"_ _5\"></span>ag<span class=\"_ _5\"></span>e amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ing to 4<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 mill<span class=\"_ _5\"></span>ion EU<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>, is am<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed ov<span class=\"_ _5\"></span>er ei<span class=\"_ _5\"></span>ght ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s (1<span class=\"_ _8\"></span>6 equ<span class=\"_ _5\"></span>al half<span class=\"_ _8\"></span>-yearly capital instalments) and is<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on the loan<span class=\"_ _3\"></span> documentation that was<span class=\"_ _8\"></span> us<span class=\"_ _5\"></span>ed for previous transactions, updated to<span class=\"_ _3\"></span> the new L<span class=\"_ _5\"></span>MA-<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndar<span class=\"_ _5\"></span>d, i<span class=\"_ _5\"></span>nclu<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g the s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y KP<span class=\"_ _5\"></span>I\u2019s th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re in<span class=\"_ _5\"></span>tro<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ced i<span class=\"_ _5\"></span>n all te<span class=\"_ _5\"></span>rm l<span class=\"_ _5\"></span>oan f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y a<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s in F<span class=\"_ _5\"></span>ebr<span class=\"_ _5\"></span>uar<span class=\"_ _4\"></span>y 2022. The financial cov<span class=\"_ _3\"></span>enants applying to<span class=\"_ _3\"></span> the new credit<span class=\"_ _3\"></span> facilities are the<span class=\"_ _3\"></span> same as in<span class=\"_ _8\"></span> pr<span class=\"_ _5\"></span>evious transactions.NOTE 1<span class=\"_ _8\"></span>8 <span class=\"_ _5\"></span>\u2013 I<span class=\"_ _5\"></span>NTERE<span class=\"_ _5\"></span>ST<span class=\"_ _6\"></span>-<span class=\"_ _5\"></span>BE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RIN<span class=\"_ _5\"></span>G DE<span class=\"_ _5\"></span>BT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>NET <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DEB<span class=\"_ _5\"></span>TBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1In lin<span class=\"_ _5\"></span>e wi<span class=\"_ _5\"></span>th D<span class=\"_ _5\"></span>EME\u2019s su<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y go<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>roup c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s into s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y-l<span class=\"_ _5\"></span>inked l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>, tot<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>ing 8<span class=\"_ _5\"></span>43 milli<span class=\"_ _5\"></span>on EUR at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of 2022. Th<span class=\"_ _5\"></span>is maj<span class=\"_ _5\"></span>or co<span class=\"_ _5\"></span>mmi<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>ighl<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>ts D<span class=\"_ _5\"></span>EME\u2019s v<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on to r<span class=\"_ _5\"></span>eali<span class=\"_ _5\"></span>se a s<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>inab<span class=\"_ _5\"></span>le f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re. T<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>wo m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>cs r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d by the l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n-<span class=\"_ _5\"></span>agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>ld<span class=\"_ _5\"></span>wi<span class=\"_ _5\"></span>de L<span class=\"_ _8\"></span>TI<span class=\"_ _5\"></span>FR an<span class=\"_ _5\"></span>d the l<span class=\"_ _5\"></span>ow c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>bon f<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>. Wi<span class=\"_ _5\"></span>th o<span class=\"_ _5\"></span>ne me<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic ab<span class=\"_ _5\"></span>ove t<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>t and o<span class=\"_ _5\"></span>ne b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w, the im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ct o<span class=\"_ _5\"></span>n the r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ult f<span class=\"_ _5\"></span>or 2022 is n<span class=\"_ _5\"></span>eut<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.Ne<span class=\"_ _5\"></span>t wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al (N<span class=\"_ _5\"></span>WC) <span class=\"ff70 ls74 ws81\">is curre<span class=\"_ _5\"></span>nt ass<span class=\"_ _5\"></span>ets le<span class=\"_ _5\"></span>ss curr<span class=\"_ _5\"></span>ent liabilitie<span class=\"_ _5\"></span>s.</span>Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al (OWC) <span class=\"ff70\">is n<span class=\"_ _5\"></span>et w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal (cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s le<span class=\"_ _5\"></span>ss c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s), </span>excluding inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rat<span class=\"_ _5\"></span>e sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s and including other non-current assets and non-cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (i<span class=\"_ _5\"></span>f any) as w<span class=\"_ _5\"></span>ell a<span class=\"_ _5\"></span>s non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s (ass<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es), e<span class=\"_ _5\"></span>xcep<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>r tho<span class=\"_ _5\"></span>se r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t rat<span class=\"_ _5\"></span>e swap<span class=\"_ _5\"></span>s.In 20<span class=\"_ _8\"></span>22 management<span class=\"_ _8\"></span> changed the definition of operating working capital to<span class=\"_ _8\"></span> exc<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>de the i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te sw<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o net f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd no<span class=\"_ _5\"></span>t to w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, and t<span class=\"_ _5\"></span>o include all the<span class=\"_ _3\"></span> non-current financial derivatives of forex/fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es th<span class=\"_ _5\"></span>at ar<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gre<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al as r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d la<span class=\"_ _5\"></span>st y<span class=\"_ _5\"></span>ear am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o -4<span class=\"_ _5\"></span>88<span class=\"_ _5\"></span>.7 milli<span class=\"_ _5\"></span>on EUR<span class=\"_ _5\"></span>. Acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ing to t<span class=\"_ _5\"></span>he n<span class=\"_ _5\"></span>ew de<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ini<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e ope<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021 amou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s to -51<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>1 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR<span class=\"_ _5\"></span>. Fo<span class=\"_ _5\"></span>cus o<span class=\"_ _5\"></span>f the D<span class=\"_ _5\"></span>EME G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p is to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>een t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>ork<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al o<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>ne ha<span class=\"_ _5\"></span>nd an<span class=\"_ _5\"></span>d the n<span class=\"_ _5\"></span>et c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h bei<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e dif<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n ca<span class=\"_ _5\"></span>sh an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh eq<span class=\"_ _5\"></span>uiv<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r han<span class=\"_ _5\"></span>d. In t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al is d<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>t to mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or as e<span class=\"_ _5\"></span>ach p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t i<span class=\"_ _5\"></span>s dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t, n<span class=\"_ _5\"></span>ot o<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n size a<span class=\"_ _5\"></span>nd ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal n<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ds b<span class=\"_ _5\"></span>ut al<span class=\"_ _5\"></span>so a<span class=\"_ _5\"></span>nd mo<span class=\"_ _5\"></span>re s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>cal<span class=\"_ _5\"></span>ly in t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>ay the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is p<span class=\"_ _5\"></span>aid b<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>s cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>. M<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he tu<span class=\"_ _5\"></span>rn<span class=\"_ _5\"></span>over i<span class=\"_ _5\"></span>s pai<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th an a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he b<span class=\"_ _5\"></span>egin<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>g of th<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t fo<span class=\"_ _5\"></span>llow<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y mile<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ton<span class=\"_ _5\"></span>es p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d app<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>al by t<span class=\"_ _5\"></span>he cli<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t.Whe<span class=\"_ _5\"></span>n the o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g wor<span class=\"_ _5\"></span>ki<span class=\"_ _5\"></span>ng ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal i<span class=\"_ _5\"></span>s und<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>re an<span class=\"_ _5\"></span>d wh<span class=\"_ _5\"></span>en it h<span class=\"_ _5\"></span>as to b<span class=\"_ _5\"></span>e inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up can e<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>her g<span class=\"_ _5\"></span>row i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s or re<span class=\"_ _5\"></span>du<span class=\"_ _5\"></span>ce it<span class=\"_ _5\"></span>s lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup c<span class=\"_ _5\"></span>an n<span class=\"_ _5\"></span>ego<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>te sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er mil<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>s and p<span class=\"_ _5\"></span>aym<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t ter<span class=\"_ _5\"></span>ms wi<span class=\"_ _5\"></span>th t<span class=\"_ _5\"></span>he cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s or ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>te lo<span class=\"_ _5\"></span>nge<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt ter<span class=\"_ _5\"></span>ms with the suppliers, however<span class=\"_ _8\"></span> w<span class=\"_ _5\"></span>ithout putting a strain on the<span class=\"_ _8\"></span> relationships with them. The Group can<span class=\"_ _8\"></span> limit the non-project<span class=\"_ _3\"></span>-related ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e and r<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ew an<span class=\"_ _5\"></span>d lim<span class=\"_ _5\"></span>it th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ure o<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ll exc<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s equ<span class=\"_ _5\"></span>ipm<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>nd co<span class=\"_ _5\"></span>nver<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>m into w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>kin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>.NOTE 24 \u2013 <span class=\"_ _5\"></span>WORKI<span class=\"_ _5\"></span>NG <span class=\"_ _5\"></span>CA<span class=\"_ _5\"></span>PIT<span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>LBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ilia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>al mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ca<span class=\"_ _5\"></span>n be f<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>d bel<span class=\"_ _5\"></span>ow.RECONCILIA<span class=\"_ _6\"></span>TION OPERA<span class=\"_ _2\"></span>TING WORKING<span class=\"_ _8\"></span> C<span class=\"_ _5\"></span>APIT<span class=\"_ _2\"></span>AL MOV<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>ME<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>T WI<span class=\"_ _5\"></span>TH C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH F<span class=\"_ _5\"></span>LOW F<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>OM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>G<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N 2022<span class=\"_ _245\"> </span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"> </span>E<span class=\"_ _12\"> </span>LTA</span>WORKING<span class=\"_ _3\"></span> CAPIT<span class=\"_ _2\"></span>AL<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)OPERA<span class=\"_ _8\"></span>TING WORKING CAPIT<span class=\"_ _3\"></span>AL<span class=\"_ _87\"> </span>-<span class=\"_ _8\"></span>506,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>53<span class=\"_ _9d\"> </span><span class=\"ls5a ws63\">-<span class=\"_ _4\"></span>511<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _59\"> </span><span class=\"fc0 ls6b ws78\">4,<span class=\"_ _5\"></span>933</span></span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW CO<span class=\"_ _5\"></span>RR<span class=\"_ _5\"></span>ECT<span class=\"_ _5\"></span>IO<span class=\"_ _5\"></span>NS ON WO<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G CA<span class=\"_ _5\"></span>PI<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>L MOV<span class=\"_ _5\"></span>EMEN<span class=\"_ _5\"></span>TS  OF TH<span class=\"_ _5\"></span>E YE<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>RAddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s hel<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r sal<span class=\"_ _5\"></span>e<span class=\"_ _2f8\"> </span><span class=\"fc0 ls87 ws95\">-31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97</span>Move<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s wr<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>en of<span class=\"_ _4\"></span>f inven<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>vab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s<span class=\"_ _e7\"> </span><span class=\"fc0\">-5<span class=\"_ _5\"></span>,428</span>Impact financial derivatives included<span class=\"_ _3\"></span> in working capital<span class=\"_ _1ff\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _4\"></span>85<span class=\"_ _5\"></span>2</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d ta<span class=\"_ _5\"></span>xes a<span class=\"_ _5\"></span>nd in<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _273\"> </span><span class=\"fc0 ls89 ws97\">171</span>Cor<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ion u<span class=\"_ _5\"></span>npai<span class=\"_ _5\"></span>d inve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tme<span class=\"_ _5\"></span>nt in pr<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, plant a<span class=\"_ _5\"></span>nd e<span class=\"_ _5\"></span>quipm<span class=\"_ _5\"></span>ent <span class=\"_ _182\"> </span><span class=\"fc0 ls7e ws8c\">4<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3</span>Oth<span class=\"_ _5\"></span>er correc<span class=\"_ _5\"></span>tions<span class=\"_ _2f9\"> </span><span class=\"fc0 ls78 ws86\">1,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>03</span>C<span class=\"_ _5\"></span>AS<span class=\"_ _5\"></span>H FLOW F<span class=\"_ _5\"></span>ROM C<span class=\"_ _5\"></span>HA<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>ES I<span class=\"_ _5\"></span>N WOR<span class=\"_ _5\"></span>KIN<span class=\"_ _5\"></span>G C<span class=\"_ _5\"></span>AP<span class=\"_ _5\"></span>IT<span class=\"_ _3\"></span>AL<span class=\"_ _195\"> </span><span class=\"fc0 ls6b ws78\">-2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>893</span>For t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al ne<span class=\"_ _5\"></span>eds<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _3\"></span>-ter<span class=\"_ _5\"></span>m fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g thr<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>gh a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram a<span class=\"_ _5\"></span>nd th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh revo<span class=\"_ _5\"></span>lv<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e comm<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>ogr<span class=\"_ _5\"></span>am a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>022, that w<span class=\"_ _5\"></span>as n<span class=\"_ _5\"></span>ot us<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d, am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>ts t<span class=\"_ _5\"></span>o 1<span class=\"_ _8\"></span>25 mil<span class=\"_ _5\"></span>lio<span class=\"_ _5\"></span>n EUR an<span class=\"_ _5\"></span>d is ac<span class=\"_ _5\"></span>comm<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d by 3 ag<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ks) th<span class=\"_ _5\"></span>at p<span class=\"_ _5\"></span>lace D<span class=\"_ _5\"></span>EME d<span class=\"_ _5\"></span>ebt w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs i<span class=\"_ _5\"></span>n tr<span class=\"_ _5\"></span>anch<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t size<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d for t<span class=\"_ _5\"></span>eno<span class=\"_ _5\"></span>rs ran<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om a fe<span class=\"_ _5\"></span>w we<span class=\"_ _5\"></span>ek<span class=\"_ _5\"></span>s up to m<span class=\"_ _5\"></span>ax<span class=\"_ _5\"></span>imum 1 y<span class=\"_ _5\"></span>ear. The rev<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>vin<span class=\"_ _5\"></span>g cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by DEM<span class=\"_ _5\"></span>E Co<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>er NV w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h 5 dif<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t comm<span class=\"_ _5\"></span>erc<span class=\"_ _5\"></span>ial b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, all b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ship b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or D<span class=\"_ _5\"></span>EME<span class=\"_ _5\"></span>. In to<span class=\"_ _5\"></span>tal<span class=\"_ _5\"></span>, 1<span class=\"_ _8\"></span>25 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR o<span class=\"_ _5\"></span>f unus<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cre<span class=\"_ _5\"></span>dit f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ava<span class=\"_ _5\"></span>ilab<span class=\"_ _5\"></span>le at th<span class=\"_ _5\"></span>e end o<span class=\"_ _5\"></span>f 2022, fo<span class=\"_ _5\"></span>r gen<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>al cor<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ora<span class=\"_ _5\"></span>te pu<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>s sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng al<span class=\"_ _5\"></span>so l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncin<span class=\"_ _5\"></span>g ca<span class=\"_ _5\"></span>n be co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>red t<span class=\"_ _5\"></span>o fun<span class=\"_ _5\"></span>d raisi<span class=\"_ _3\"></span>ng worki<span class=\"_ _3\"></span>ng cap<span class=\"_ _3\"></span>ital need<span class=\"_ _3\"></span>s.WORKING<span class=\"_ _3\"></span> CAPIT<span class=\"_ _2\"></span>AL<span class=\"ls3 ws3\"> </span>2022<span class=\"_ _245\"> </span>2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"fc0 ls1d2 ws1f7\">D<span class=\"_ _13\"> </span>E<span class=\"_ _12\"> </span>LTA</span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)NON-CURRENT ASSETS<span class=\"_ _51\"> </span>1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _59\"> </span><span class=\"ls4c ws5f\">4<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>52<span class=\"_ _59\"> </span><span class=\"fc0 ls1a4 ws1cb\">7,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9</span></span>Non-current financial derivatives (forex/fuel hedges)<span class=\"_ _237\"> </span>209<span class=\"_ _48\"> </span><span class=\"ls8b ws99\">6<span class=\"_ _5\"></span>13<span class=\"_ _43\"> </span><span class=\"fc0 ls16 ws1d\">-404</span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _51\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _38\"> </span><span class=\"ls34 ws3e\">4,239<span class=\"_ _59\"> </span><span class=\"fc0 ls147 ws157\">7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>3</span></span>CURRENT ASSETS<span class=\"_ _1ac\"> </span>1,000,590<span class=\"_ _2d\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>26<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _35\"> </span><span class=\"fc0 lsc1 wscd\">17<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>0</span></span>Inventories<span class=\"_ _24d\"> </span>25,696<span class=\"_ _23\"> </span><span class=\"ls7e ws8c\">12<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _23\"> </span><span class=\"fc0 ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8</span></span>Contract asset<span class=\"_ _5\"></span>s<span class=\"_ _2f3\"> </span>344,7<span class=\"_ _8\"></span>51<span class=\"_ _35\"> </span><span class=\"ls58 ws61\">326,<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span>5<span class=\"_ _1d9\"> </span><span class=\"fc0 ls56 ws5e\">18<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _1d0\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529<span class=\"_ _2e\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,022<span class=\"_ _33\"> </span><span class=\"fc0 ls3f ws67\">8<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>507</span></span>Curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s (fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>x/<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es)<span class=\"_ _ba\"> </span>4,384<span class=\"_ _59\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07<span class=\"_ _27\"> </span><span class=\"fc0 ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>7</span></span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>ld f<span class=\"_ _5\"></span>or s<span class=\"_ _5\"></span>ale<span class=\"_ _2f4\"> </span>31,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>97<span class=\"_ _33\"> </span><span class=\"ls7a ws88\">32<span class=\"_ _5\"></span>,45<span class=\"_ _5\"></span>6<span class=\"_ _43\"> </span><span class=\"fc0\">-<span class=\"_ _5\"></span>459</span></span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _e7\"> </span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _233\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _233\"> </span><span class=\"fc0 ls55 ws5d\">5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>41</span></span>TOT<span class=\"_ _8\"></span>AL A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S<span class=\"_ _2f5\"> </span>1,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _2e\"> </span><span class=\"ls6b ws78\">8<span class=\"_ _5\"></span>31,<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>2<span class=\"_ _167\"> </span><span class=\"fc0 ls8 ws8\">1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_\"> </span>9</span></span>NON-CURRENT LIABILITIES<span class=\"_ _2bd\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _31\"> </span><span class=\"ls10 ws14\">24,2<span class=\"_ _3\"></span>60<span class=\"_ _166\"> </span><span class=\"fc0 lsd wsf\">2<span class=\"_ _5\"></span>9,4<span class=\"_ _5\"></span>01</span></span>Non-current financial derivatives (forex/fuel hedges)<span class=\"_ _126\"> </span>5<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _33\"> </span><span class=\"ls34 ws3e\">24,2<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _1d9\"> </span><span class=\"fc0 ls12 ws17\">29,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>01</span></span>CURRENT LIABILITIES<span class=\"_ _e8\"> </span>1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _7e\"> </span><span class=\"ls5c ws65\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"fc0 ls5b ws64\">14<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>75</span></span>Curr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>s (fo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>x/<span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>el he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es)<span class=\"_ _12d\"> </span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _3d\"> </span><span class=\"ls75 ws82\">10,<span class=\"_ _4\"></span>476<span class=\"_ _22\"> </span><span class=\"fc0 ls7e ws8c\">2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3</span></span>Provisions<span class=\"_ _2f6\"> </span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _38\"> </span><span class=\"ls75 ws82\">3<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _127\"> </span><span class=\"fc0 ls7f ws8d\">976</span></span>Contr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t liabiliti<span class=\"_ _5\"></span>es<span class=\"_ _36\"> </span>323,300<span class=\"_ _20\"> </span><span class=\"ls56 ws5e\">18<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>95<span class=\"_ _167\"> </span><span class=\"fc0\">142<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5</span></span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _4e\"> </span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539<span class=\"_ _167\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _83\"> </span><span class=\"fc0 ls36 ws3d\">-28,528</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables<span class=\"_ _2ac\"> </span>777<span class=\"_ _8\"></span>,705<span class=\"_ _2e\"> </span><span class=\"ls37 ws83\">772,<span class=\"_ _3\"></span>905<span class=\"_ _1bf\"> </span><span class=\"fc0 ls38 ws41\">4,800</span></span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _2bd\"> </span><span class=\"ls75 ws82\">98<span class=\"_ _4\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _33\"> </span><span class=\"ls58 ws61\">94<span class=\"_ _5\"></span>,026<span class=\"_ _39\"> </span></span><span class=\"fc0\">4,7<span class=\"_ _5\"></span>67</span></span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _2f7\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>1<span class=\"_ _233\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _26\"> </span><span class=\"fc0 ls75 ws82\">-<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>9</span></span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _ca\"> </span>8<span class=\"_ _5\"></span>9,982<span class=\"_ _233\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _23\"> </span><span class=\"fc0 ls76 ws84\">11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>1</span></span>TOT<span class=\"_ _2\"></span>AL LIABILITIE<span class=\"_ _5\"></span>S<span class=\"_ _57\"> </span>1,518<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _cc\"> </span><span class=\"ls33 ws3c\">1,342,<span class=\"_ _3\"></span>668<span class=\"_ _8b\"> </span><span class=\"fc0 lsc1 wscd\">17<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,176</span></span>OPERA<span class=\"_ _8\"></span>TING WORKING CAPIT<span class=\"_ _3\"></span>AL<span class=\"_ _87\"> </span>-<span class=\"_ _8\"></span>506,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>53<span class=\"_ _9d\"> </span><span class=\"ls5a ws63\">-<span class=\"_ _4\"></span>511<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>6<span class=\"_ _59\"> </span><span class=\"fc0 ls6b ws78\">4,<span class=\"_ _5\"></span>933</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-282-16": {
   "value": "NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-282-17": {
   "value": "NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.F<span class=\"_ _2\"></span>AIR V<span class=\"_ _6\"></span>ALUES<span class=\"_ _8\"></span> &amp; HIER<span class=\"_ _5\"></span>ARCHYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e lev<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion h<span class=\"_ _5\"></span>ier<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>hy of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>3, d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>endi<span class=\"_ _5\"></span>ng on t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f inpu<span class=\"_ _5\"></span>t us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he valuation of<span class=\"_ _3\"></span> financial instruments.- <span class=\"_ _a7\"> </span>Level 1 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are un<span class=\"_ _5\"></span>adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted q<span class=\"_ _5\"></span>uo<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces in a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. No v<span class=\"_ _5\"></span>alua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>del i<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In le<span class=\"_ _5\"></span>vel 1, we f<span class=\"_ _5\"></span>ind al<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts (v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e) wi<span class=\"_ _5\"></span>th a pu<span class=\"_ _5\"></span>blic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g in an a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>Level 2 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces q<span class=\"_ _5\"></span>uot<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or si<span class=\"_ _5\"></span>milar a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>n ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, or d<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>a bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on or s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by obser<span class=\"_ _5\"></span>vable market<span class=\"_ _3\"></span> data. A valuation<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on observ<span class=\"_ _5\"></span>able parameters such<span class=\"_ _3\"></span> as discounted<span class=\"_ _3\"></span> cashflow model, the comparison with another simi<span class=\"_ _3\"></span>lar instrument, the determination<span class=\"_ _8\"></span> of prices by third parties;- <span class=\"_ _a7\"> </span>Level 3 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vab<span class=\"_ _5\"></span>le da<span class=\"_ _5\"></span>ta f<span class=\"_ _5\"></span>or d<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rmi<span class=\"_ _5\"></span>ning t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, e.g. s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or whi<span class=\"_ _5\"></span>ch no p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic lis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>s avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e, l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es to c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, val<span class=\"_ _5\"></span>ued a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>tc<span class=\"_ _5\"></span>.Se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low i<span class=\"_ _5\"></span>s an ove<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>wn in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. All f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to L<span class=\"_ _5\"></span>evel 2<span class=\"_ _5\"></span>. Dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e wer<span class=\"_ _5\"></span>e no t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Le<span class=\"_ _5\"></span>vel 1 and L<span class=\"_ _5\"></span>evel 2 f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>o tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s into a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f Leve<span class=\"_ _5\"></span>l 3 fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _12d\"> </span>39,336<span class=\"_ _7c\"> </span>44<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>32<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _158\"> </span><span class=\"ls79 ws87\">8<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>92 </span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _202\"> </span>32,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>32,5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">33,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>02 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls4b ws53\">39,33<span class=\"_ _5\"></span>6 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _15a\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> </span></span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _8d\"> </span>22,<span class=\"_ _5\"></span>022 <span class=\"_ _1e4\"> </span>1,<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>,023 <span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _159\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span><span class=\"lsb wsc\">4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>677 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls57 ws60\">22,022 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>22,022 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>22<span class=\"_ _5\"></span>,022 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls7f ws8d\">5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,233 <span class=\"_ _da\"> </span>1<span class=\"_ _2\"></span>24,23<span class=\"_ _8\"></span>3 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _3\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _28\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61 <span class=\"_ _29b\"> </span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls31 ws3a\">84<span class=\"_ _5\"></span>4,803<span class=\"_ _3\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls3 ws3\">798<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>95 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15f\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _b9\"> </span>78<span class=\"_ _5\"></span>9,9<span class=\"_ _5\"></span>04 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"ls19 ws16\">74<span class=\"_ _8\"></span>3,396 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls7f ws8d\">53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8 <span class=\"_ _1e\"> </span>1,2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>1,<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _17b\"> </span>3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls3 ws3\">1,358<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 <span class=\"_ _1de\"> </span></span>1,390,039<span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15d\"> </span>252<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>870 <span class=\"_ _159\"> </span>2<span class=\"_ _5\"></span>52,<span class=\"_ _5\"></span>870 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _29b\"> </span><span class=\"ls4c ws5f\">262<span class=\"_ _5\"></span>,980<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _12d\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">7<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span>72,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _27d\"> </span><span class=\"lsd wsf\">777<span class=\"_ _8\"></span>,705 <span class=\"_ _15f\"> </span>777<span class=\"_ _8\"></span>,705 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _27d\"> </span></span>777<span class=\"_ _8\"></span>,705 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>3 <span class=\"_ _7c\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls57 ws60\">89,<span class=\"_ _5\"></span>982 <span class=\"_ _78\"> </span>89,<span class=\"_ _5\"></span>982 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>89,<span class=\"_ _5\"></span>982 </span>Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _228\"> </span>613<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7a\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 <span class=\"_ _158\"> </span>3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 </span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _8f\"> </span><span class=\"lsc wsd\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>33<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _2d9\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span></span>6<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _35\"> </span></span>6<span class=\"_ _5\"></span>13</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls34 ws3e\">4,239 <span class=\"_ _168\"> </span>4,239 <span class=\"_ _235\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>4,239 </span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _212\"> </span>3<span class=\"_ _5\"></span>,207<span class=\"_ _5\"></span> <span class=\"_ _c7\"> </span>980,84<span class=\"_ _5\"></span>6 <span class=\"_ _28a\"> </span><span class=\"ls57 ws60\">98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _2d8\"> </span>98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _159\"> </span>38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>2 </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _ba\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">528<span class=\"_ _5\"></span>,632<span class=\"_ _5\"></span> <span class=\"_ _159\"> </span>528<span class=\"_ _5\"></span>,632 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632 </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _202\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _213\"> </span></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _fb\"> </span>2<span class=\"_ _3\"></span>6,868 <span class=\"_ _b9\"> </span>58<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>7 <span class=\"_ _159\"> </span><span class=\"ls1a4 ws1cb\">6<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _4c\"> </span><span class=\"lsf ws13\">62<span class=\"_ _5\"></span>0,631 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _27d\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"lsd9 wse4\">5<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _274\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7c\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27 <span class=\"_ _1e7\"> </span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _19b\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls16 ws1d\">1,466,439<span class=\"_ _8\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls3 ws3\">1,478,807 <span class=\"_ _288\"> </span></span>1,487<span class=\"_ _2\"></span>,090 </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _29b\"> </span>343,340 <span class=\"_ _b9\"> </span>34<span class=\"_ _8\"></span>3,340 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span><span class=\"lsc wsd\">351<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Le<span class=\"_ _5\"></span>vel 2<span class=\"_ _7a\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _29b\"> </span>101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>101,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls37 ws83\">772,90<span class=\"_ _8\"></span>5 <span class=\"_ _159\"> </span>772,90<span class=\"_ _3\"></span>5 <span class=\"_ _78\"> </span>Level 2<span class=\"_ _15d\"> </span>772,<span class=\"_ _3\"></span>905 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls58 ws61\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>026 <span class=\"_ _78\"> </span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls7f ws8d\">76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>1 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> </span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ere u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ues<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span>Cash an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d, r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axe<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>oxim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>heir car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>y have a sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>The fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue o<span class=\"_ _5\"></span>f inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t on s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar ter<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk an<span class=\"_ _5\"></span>d rem<span class=\"_ _5\"></span>aini<span class=\"_ _5\"></span>ng ma<span class=\"_ _5\"></span>turi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>; wh<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te is v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e (f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng), the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. A simi<span class=\"_ _5\"></span>lar ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h is us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>;- <span class=\"_ _172\"> </span>The Group enters into<span class=\"_ _3\"></span> financial derivative instruments with various count<span class=\"_ _3\"></span>erpar<span class=\"_ _5\"></span>ties, principally financial<span class=\"_ _3\"></span> institutions with inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gr<span class=\"_ _5\"></span>ade c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s val<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d usin<span class=\"_ _5\"></span>g val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>ech<span class=\"_ _5\"></span>niq<span class=\"_ _5\"></span>ues w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h mar<span class=\"_ _5\"></span>ket o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e inp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e main<span class=\"_ _5\"></span>ly interest rate swaps, fuel hedges and foreign<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>orward contrac<span class=\"_ _5\"></span>ts. The models incorporate various in<span class=\"_ _3\"></span>puts including for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>ot an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate cu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-282-18": {
   "value": "NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-282-19": {
   "value": "NOTE 19 \u2013 FINANCIAL RISK MANAGEMENT AND FINANCIAL DERIVATIVESThe Group\u2019s financial instruments are cash and cash equivalents, trade and other receivables, interest-bearing loans and bank overdrafts, trade and other payables and derivatives. Derivatives are designated exclusively as hedging instruments and not for trading or other speculative purposes.The Group is exposed to the following risks linked to financial instruments:-   Market risk consisting of:  \u2022 Interest rate risk;  \u2022 Currency risk;  \u2022 Price risk/commodity risk;-   Credit and Counterparty risk;-   Liquidity  risk.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-281-10": {
   "value": "MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>nd",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-281-11": {
   "value": "MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndJO<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>T VE<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>UR<span class=\"_ _5\"></span>ES A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>OC<span class=\"_ _5\"></span>IA<span class=\"_ _8\"></span>TE<span class=\"_ _5\"></span>SRef<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce i<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e to th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gro<span class=\"_ _5\"></span>up s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e an<span class=\"_ _5\"></span>d lis<span class=\"_ _5\"></span>t of j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes e<span class=\"_ _5\"></span>arl<span class=\"_ _5\"></span>ier i<span class=\"_ _5\"></span>n this r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns w<span class=\"_ _5\"></span>ith j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>ali<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e nor<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of b<span class=\"_ _5\"></span>usin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d at ar<span class=\"_ _5\"></span>m\u2019s le<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>. Non<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>elat<span class=\"_ _5\"></span>ed par<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>es hav<span class=\"_ _5\"></span>e ente<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>o any ot<span class=\"_ _5\"></span>her t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up th<span class=\"_ _5\"></span>at me<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>equi<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f IA<span class=\"_ _5\"></span>S 24 related party disclosures.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>A<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>sNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _2f1\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _5d\"> </span><span class=\"ls59 ws62\">25,668</span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade and other<span class=\"_ _8\"></span> op<span class=\"_ _5\"></span>erating receivables<span class=\"_ _2fa\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _5d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>9</span></span>Lia<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>la<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to jo<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>sT<span class=\"_ _8\"></span>ra<span class=\"_ _5\"></span>de an<span class=\"_ _5\"></span>d oth<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _2fb\"> </span><span class=\"ls34 ws3e\">34,606<span class=\"_ _184\"> </span><span class=\"ls59 ws62\">20,996</span></span>Ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>ome r<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ve<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s (-<span class=\"_ _3\"></span>) is co<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t and (+<span class=\"_ _8\"></span>) i<span class=\"_ _5\"></span>s in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>eRevenues<span class=\"_ _2fc\"> </span><span class=\"ls78 ws86\">231,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>5<span class=\"_ _39\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>2</span></span>Operati<span class=\"_ _8\"></span>ng expenses<span class=\"_ _26b\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _5\"></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _4b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6</span></span>Finan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e and e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pen<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s<span class=\"_ _195\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _11c\"> </span><span class=\"ls7e ws8c\">2<span class=\"_ _7\"></span>,11<span class=\"_ _5\"></span>6</span></span>The n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re th<span class=\"_ _5\"></span>e lo<span class=\"_ _5\"></span>ans g<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>n to jo<span class=\"_ _5\"></span>int ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s su<span class=\"_ _5\"></span>ch as t<span class=\"_ _5\"></span>o Jap<span class=\"_ _5\"></span>an O<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sho<span class=\"_ _5\"></span>re M<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>ne Ltd<span class=\"_ _5\"></span>, Se<span class=\"_ _5\"></span>amad<span class=\"_ _5\"></span>e NV, Rentel N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>pro<span class=\"_ _5\"></span>ck BV, Thisl<span class=\"_ _5\"></span>e Win<span class=\"_ _5\"></span>d Par<span class=\"_ _4\"></span>tne<span class=\"_ _5\"></span>rs Ltd a<span class=\"_ _5\"></span>nd Co<span class=\"_ _5\"></span>mbi<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d Mar<span class=\"_ _5\"></span>ine T<span class=\"_ _8\"></span>er<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>al Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s Mar<span class=\"_ _5\"></span>af<span class=\"_ _5\"></span>i LLC<span class=\"_ _5\"></span>.The r<span class=\"_ _5\"></span>eve<span class=\"_ _5\"></span>nue<span class=\"_ _5\"></span>s rea<span class=\"_ _5\"></span>lis<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>owa<span class=\"_ _5\"></span>rds j<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t ven<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>tes a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bl<span class=\"_ _5\"></span>ankenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-Verbin<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g BV<span class=\"_ _8\"></span>, CDW<span class=\"_ _5\"></span>E T<span class=\"_ _2\"></span>a<span class=\"_ _5\"></span>iw<span class=\"_ _5\"></span>an L<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>D, SEM<span class=\"_ _5\"></span>OP P<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-La N<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>vell<span class=\"_ _5\"></span>e, D<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>P-<span class=\"_ _5\"></span>Da<span class=\"_ _5\"></span>elim P<span class=\"_ _5\"></span>TE L<span class=\"_ _8\"></span>TD, K<span class=\"_ _5\"></span>3 DEM<span class=\"_ _5\"></span>E BV<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>aldi<span class=\"_ _5\"></span>s NV, Deep<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ck BV an<span class=\"_ _5\"></span>d C-Pow<span class=\"_ _5\"></span>er NV.NOTE 26 \u2013 <span class=\"_ _5\"></span>REL<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TED P<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _5\"></span>Y <span class=\"_ _5\"></span>DIS<span class=\"_ _5\"></span>CLOSU<span class=\"_ _5\"></span>RESBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-280-7": {
   "value": "INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndCRE<span class=\"_ _5\"></span>DIT A<span class=\"_ _5\"></span>N<span class=\"_ _5\"></span>D COUNT<span class=\"_ _5\"></span>ER<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>A<span class=\"_ _5\"></span>RT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKA cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k may ar<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e eve<span class=\"_ _5\"></span>nt a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r or co<span class=\"_ _5\"></span>unte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>ails t<span class=\"_ _5\"></span>o pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tual o<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f DEM<span class=\"_ _5\"></span>E in accordance<span class=\"_ _3\"></span> with the provisions of<span class=\"_ _8\"></span> the contrac<span class=\"_ _5\"></span>t concerned.Non<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t by a cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>r may b<span class=\"_ _5\"></span>e the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>quen<span class=\"_ _5\"></span>ce of a l<span class=\"_ _5\"></span>ack o<span class=\"_ _5\"></span>f liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, bank<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>ptc<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>r fr<span class=\"_ _5\"></span>aud o<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer o<span class=\"_ _5\"></span>r be attributable to the general political<span class=\"_ _3\"></span> or economic<span class=\"_ _3\"></span> situation in<span class=\"_ _8\"></span> the customer<span class=\"_ _5\"></span>\u2019s cou<span class=\"_ _3\"></span>ntr<span class=\"_ _5\"></span>y<span class=\"_ _3\"></span>. Although DEME<span class=\"_ _8\"></span> aims to mini<span class=\"_ _3\"></span>mize<span class=\"_ _3\"></span> the credit risks of i<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s by e<span class=\"_ _5\"></span>xam<span class=\"_ _5\"></span>inin<span class=\"_ _5\"></span>g the<span class=\"_ _5\"></span>ir s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>venc<span class=\"_ _5\"></span>y p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>or to f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>alis<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d pu<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g the r<span class=\"_ _5\"></span>equ<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>d pay<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gua<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>es in p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e (inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it in<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>lici<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h pub<span class=\"_ _5\"></span>lic s<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>e cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t ins<span class=\"_ _5\"></span>urer<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s Cre<span class=\"_ _5\"></span>den<span class=\"_ _5\"></span>do an<span class=\"_ _5\"></span>d pr<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit i<span class=\"_ _5\"></span>nsur<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ban<span class=\"_ _5\"></span>k guar<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tee<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>hro<span class=\"_ _5\"></span>ugh l<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t) it i<span class=\"_ _5\"></span>s not p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>ely e<span class=\"_ _5\"></span>xclu<span class=\"_ _5\"></span>de t<span class=\"_ _5\"></span>he cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.A lar<span class=\"_ _5\"></span>ge pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>dat<span class=\"_ _5\"></span>ed tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver is r<span class=\"_ _5\"></span>eal<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>ed th<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>gh pu<span class=\"_ _5\"></span>bli<span class=\"_ _5\"></span>c or s<span class=\"_ _5\"></span>emi<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ubli<span class=\"_ _5\"></span>c se<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e leve<span class=\"_ _5\"></span>l of co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>erp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk is lim<span class=\"_ _5\"></span>ite<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e <span class=\"ls194 ws1ac\">large number of cus<span class=\"_ _5\"></span>tomer<span class=\"_ _5\"></span>s</span>. T<span class=\"_ _8\"></span>o co<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ain th<span class=\"_ _5\"></span>e ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>, D<span class=\"_ _5\"></span>EME co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ntl<span class=\"_ _5\"></span>y mo<span class=\"_ _5\"></span>nit<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g tr<span class=\"_ _5\"></span>ade r<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>eiv<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>nd adju<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ts i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on if n<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y.Overdue receivables<span class=\"_ _3\"></span> in the<span class=\"_ _3\"></span> table below<span class=\"_ _3\"></span>, main<span class=\"_ _3\"></span>ly covered<span class=\"_ _8\"></span> by Credendo, relate<span class=\"_ _8\"></span> to pending settlements<span class=\"_ _5\"></span>, additional<span class=\"_ _8\"></span> work<span class=\"_ _5\"></span>s &amp; subsequent con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t mo<span class=\"_ _5\"></span>dif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns ac<span class=\"_ _5\"></span>cep<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y the c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s bu<span class=\"_ _5\"></span>t to b<span class=\"_ _5\"></span>e rec<span class=\"_ _5\"></span>over<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>y an ove<span class=\"_ _5\"></span>ral<span class=\"_ _5\"></span>l agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent w<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>th th<span class=\"_ _5\"></span>e cli<span class=\"_ _5\"></span>ent an<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t ar<span class=\"_ _5\"></span>e all p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f a bro<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>er ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s. Fu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er on<span class=\"_ _5\"></span>, rev<span class=\"_ _5\"></span>enu<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ear<span class=\"_ _5\"></span>nin<span class=\"_ _5\"></span>gs ar<span class=\"_ _5\"></span>e onl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>gnis<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n the a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen i<span class=\"_ _5\"></span>t is p<span class=\"_ _5\"></span>rob<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e tha<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>ey wi<span class=\"_ _5\"></span>ll be rea<span class=\"_ _3\"></span>lised.DEME v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ll it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s (amo<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>t ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>rs c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ct a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts) in c<span class=\"_ _5\"></span>onf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mit<span class=\"_ _5\"></span>y w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s mo<span class=\"_ _5\"></span>del o<span class=\"_ _5\"></span>f IF<span class=\"_ _5\"></span>RS 9. A<span class=\"_ _5\"></span>s suc<span class=\"_ _5\"></span>h, t<span class=\"_ _5\"></span>he dis<span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>ed e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, in c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e a deb<span class=\"_ _5\"></span>tor w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>fau<span class=\"_ _5\"></span>lt o<span class=\"_ _5\"></span>n it<span class=\"_ _5\"></span>s ob<span class=\"_ _5\"></span>liga<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>, wo<span class=\"_ _5\"></span>uld b<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted in i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s bo<span class=\"_ _5\"></span>ok v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e. The c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit h<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tor<span class=\"_ _4\"></span>y of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup o<span class=\"_ _5\"></span>ver r<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>nt ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s indi<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>tes <span class=\"ff73 ls1d4 ws1fa\">credit losses are<span class=\"_ _8\"></span> insignificant <span class=\"ff70 ls3 ws3\">com<span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the l<span class=\"_ _5\"></span>evel o<span class=\"_ _5\"></span>f ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y. The<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e </span></span>management<span class=\"_ _8\"></span> is of the opinion<span class=\"_ _8\"></span> that credit risk is<span class=\"_ _8\"></span> ade<span class=\"_ _5\"></span>quately<span class=\"_ _3\"></span> controlled by<span class=\"_ _8\"></span> the current applicable<span class=\"_ _8\"></span> procedures<span class=\"_ _5\"></span>. The pa<span class=\"_ _3\"></span>yment behaviour<span class=\"_ _8\"></span> of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup'<span class=\"_ _5\"></span>s cus<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs r<span class=\"_ _5\"></span>ema<span class=\"_ _5\"></span>ins un<span class=\"_ _5\"></span>chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d in 2022 and w<span class=\"_ _5\"></span>as no<span class=\"_ _5\"></span>t af<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y macr<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>eco<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>mic f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>hat co<span class=\"_ _5\"></span>uld i<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>bil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of th<span class=\"_ _5\"></span>e cus<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>o se<span class=\"_ _5\"></span>tt<span class=\"_ _5\"></span>le t<span class=\"_ _5\"></span>he re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. At the r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng da<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>ere w<span class=\"_ _5\"></span>as no c<span class=\"_ _5\"></span>onc<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of cr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>it r<span class=\"_ _5\"></span>isk w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h any cu<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ome<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.SUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>LIQUI<span class=\"_ _5\"></span>DIT<span class=\"_ _5\"></span>Y RISK &amp; C<span class=\"_ _5\"></span>APIT<span class=\"_ _6\"></span>AL MA<span class=\"_ _5\"></span>NAGEMENTAl<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ugh D<span class=\"_ _5\"></span>EME o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>es s<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al po<span class=\"_ _5\"></span>lic<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd en<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e is a di<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of s<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>ces o<span class=\"_ _5\"></span>f f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce an<span class=\"_ _5\"></span>d rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t pe<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>ds<span class=\"_ _5\"></span>, i<span class=\"_ _5\"></span>t cannot be ruled out th<span class=\"_ _3\"></span>at the non-perfor<span class=\"_ _5\"></span>mance of<span class=\"_ _3\"></span> significant payment obligations<span class=\"_ _8\"></span> by customers or the inabi<span class=\"_ _3\"></span>lity to arrange adequate<span class=\"_ _8\"></span> ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ern<span class=\"_ _5\"></span>al f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>ct t<span class=\"_ _5\"></span>o acc<span class=\"_ _5\"></span>ept<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>le co<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns co<span class=\"_ _5\"></span>uld h<span class=\"_ _5\"></span>ave a ne<span class=\"_ _5\"></span>gat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow an<span class=\"_ _5\"></span>d liq<span class=\"_ _5\"></span>uid<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y of D<span class=\"_ _5\"></span>EME an<span class=\"_ _5\"></span>d th<span class=\"_ _5\"></span>us have a negative i<span class=\"_ _3\"></span>mpact on the activities<span class=\"_ _5\"></span>, financial s<span class=\"_ _3\"></span>ituation and<span class=\"_ _3\"></span> results of DEME.All t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>rs m<span class=\"_ _5\"></span>igh<span class=\"_ _5\"></span>t re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t in DEM<span class=\"_ _5\"></span>E hav<span class=\"_ _5\"></span>ing di<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ult<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s to co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty c<span class=\"_ _5\"></span>oven<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>f DEME<span class=\"_ _5\"></span>\u2019s fut<span class=\"_ _5\"></span>ure c<span class=\"_ _5\"></span>ash f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om operations and other capital<span class=\"_ _3\"></span> resources would be i<span class=\"_ _3\"></span>nsuf<span class=\"_ _5\"></span>ficient to comply<span class=\"_ _3\"></span> with its payment obligations or<span class=\"_ _8\"></span> to fund its liquidity needs, DEME m<span class=\"_ _5\"></span>ay be f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ced t<span class=\"_ _5\"></span>o adap<span class=\"_ _5\"></span>t it<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>usi<span class=\"_ _5\"></span>nes<span class=\"_ _5\"></span>s ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s and c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, s<span class=\"_ _5\"></span>ell as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, ob<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>in ad<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al de<span class=\"_ _5\"></span>bt or e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ca<span class=\"_ _5\"></span>pit<span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>, restruc<span class=\"_ _5\"></span>ture or refinance<span class=\"_ _3\"></span> all or<span class=\"_ _3\"></span> a part of its debt on or before mat<span class=\"_ _8\"></span>uri<span class=\"_ _5\"></span>ty or forgo opportunities such as acq<span class=\"_ _3\"></span>uisitions.The <span class=\"ff73 ls1d4 ws1fa\">liquidity<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>isk<span class=\"ff70 ls3 ws3\"> is limi<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y spr<span class=\"_ _5\"></span>ead<span class=\"_ _5\"></span>ing b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>row<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g amo<span class=\"_ _5\"></span>ng s<span class=\"_ _5\"></span>ever<span class=\"_ _5\"></span>al b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, agr<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ing a v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iet<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f rep<span class=\"_ _5\"></span>ay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d al<span class=\"_ _5\"></span>so by </span></span>mitigating the<span class=\"_ _3\"></span> credit risk as<span class=\"_ _3\"></span> described above.DEME a<span class=\"_ _5\"></span>ims t<span class=\"_ _5\"></span>o main<span class=\"_ _5\"></span>tai<span class=\"_ _5\"></span>n a hea<span class=\"_ _5\"></span>lt<span class=\"_ _5\"></span>hy bal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>tw<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>idat<span class=\"_ _5\"></span>ed G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p equ<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y an<span class=\"_ _5\"></span>d the c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted n<span class=\"_ _5\"></span>et d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>EME ha<span class=\"_ _5\"></span>s sig<span class=\"_ _5\"></span>nif<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>t cre<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t fac<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d guar<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ee f<span class=\"_ _5\"></span>aci<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th va<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ous i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. In a<span class=\"_ _5\"></span>ddi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, it ha<span class=\"_ _5\"></span>s a com<span class=\"_ _5\"></span>mer<span class=\"_ _5\"></span>cial p<span class=\"_ _5\"></span>ap<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>og<span class=\"_ _5\"></span>ram<span class=\"_ _5\"></span>me to co<span class=\"_ _5\"></span>ver i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s short<span class=\"_ _3\"></span>-term<span class=\"_ _3\"></span> borrowing requirements if<span class=\"_ _3\"></span> needed. The risk on<span class=\"_ _8\"></span> it<span class=\"_ _5\"></span>s current long-<span class=\"_ _3\"></span>term variable<span class=\"_ _8\"></span> interest bank loans has<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>een entirely<span class=\"_ _8\"></span> covered by mak<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g us<span class=\"_ _5\"></span>e of in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te s<span class=\"_ _5\"></span>wap<span class=\"_ _5\"></span>s (s<span class=\"_ _5\"></span>ee in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>to<span class=\"_ _5\"></span>r).DEME m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in eq<span class=\"_ _5\"></span>uipm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t wi<span class=\"_ _5\"></span>th a lo<span class=\"_ _5\"></span>ng li<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>, whi<span class=\"_ _5\"></span>ch is w<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ten o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f ove<span class=\"_ _5\"></span>r se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al yea<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>.For t<span class=\"_ _5\"></span>hat r<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E s<span class=\"_ _5\"></span>eek<span class=\"_ _5\"></span>s t<span class=\"_ _5\"></span>o st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture a s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ant<span class=\"_ _5\"></span>ial p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s d<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>s lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t. S<span class=\"_ _5\"></span>ince 201<span class=\"_ _3\"></span>5, DEM<span class=\"_ _5\"></span>E has w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ked ou<span class=\"_ _5\"></span>t a ne<span class=\"_ _5\"></span>w ban<span class=\"_ _5\"></span>k f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture<span class=\"_ _5\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on bi<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>l uns<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h se<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>al ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E mus<span class=\"_ _5\"></span>t in t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>t of s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e of it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t fa<span class=\"_ _5\"></span>cili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es r<span class=\"_ _5\"></span>esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t c<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain co<span class=\"_ _5\"></span>vena<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Any b<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>ch o<span class=\"_ _5\"></span>f the<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e cove<span class=\"_ _5\"></span>nant<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d giv<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>e to t<span class=\"_ _5\"></span>he ac<span class=\"_ _5\"></span>cel<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>s.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022 as well a<span class=\"_ _5\"></span>s at D<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31<span class=\"_ _8\"></span>, 2021<span class=\"_ _3\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up co<span class=\"_ _5\"></span>mpli<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>25%), the d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t/EB<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>DA rat<span class=\"_ _5\"></span>io (<span class=\"_ _3\"></span>&lt;<span class=\"_ _3\"></span>3), and t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cov<span class=\"_ _5\"></span>er ra<span class=\"_ _5\"></span>tio (&gt;<span class=\"_ _2\"></span>3), th<span class=\"_ _5\"></span>at we<span class=\"_ _5\"></span>re ag<span class=\"_ _5\"></span>ree<span class=\"_ _5\"></span>d up<span class=\"_ _5\"></span>on w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>tual t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ms of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>ved (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)).At year-e<span class=\"_ _5\"></span>nd 2022, DEM<span class=\"_ _5\"></span>E has a <span class=\"ff73\">n<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ia<span class=\"_ _5\"></span>l de<span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>t </span>of -520,<span class=\"_ _5\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _8\"></span>3 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR (no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8)) and a <span class=\"ff73\">G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up e<span class=\"_ _5\"></span>qu<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y </span>of 1,7<span class=\"_ _3\"></span>76,265 th<span class=\"_ _5\"></span>ous<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>d EUR. The Group<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>quity of the<span class=\"_ _3\"></span> DEME g<span class=\"_ _3\"></span>roup inc<span class=\"_ _3\"></span>ludes share<span class=\"_ _8\"></span> c<span class=\"_ _5\"></span>apital, share<span class=\"_ _8\"></span> premium, consolidated<span class=\"_ _3\"></span> reser<span class=\"_ _5\"></span>ves and non-controlli<span class=\"_ _3\"></span>ng interests. The entire<span class=\"_ _3\"></span> equity is used to finance<span class=\"_ _8\"></span> the operations describe<span class=\"_ _5\"></span>d in the<span class=\"_ _8\"></span> corp<span class=\"_ _5\"></span>orate purposes of the subsidi<span class=\"_ _3\"></span>aries.At Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 31<span class=\"_ _8\"></span>, 2<span class=\"_ _5\"></span>022, the G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p has 1<span class=\"_ _3\"></span>25 milli<span class=\"_ _5\"></span>on EUR u<span class=\"_ _5\"></span>nus<span class=\"_ _5\"></span>ed b<span class=\"_ _5\"></span>ank c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to 1<span class=\"_ _8\"></span>18 millio<span class=\"_ _5\"></span>n EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd of 2<span class=\"_ _5\"></span>02<span class=\"_ _3\"></span>1.The e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>plan<span class=\"_ _5\"></span>ato<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) dis<span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>es in l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ilit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>ng ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t to wh<span class=\"_ _5\"></span>ich c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash equivalents are not not i<span class=\"_ _3\"></span>mmediately a<span class=\"_ _3\"></span>vailable as<span class=\"_ _8\"></span> a result of transfer restric<span class=\"_ _5\"></span>tions, joint control (<span class=\"_ _3\"></span>in joint<span class=\"_ _3\"></span> operations)<span class=\"_ _3\"></span> or other legal<span class=\"_ _8\"></span> restric<span class=\"_ _5\"></span>tions. Note (2<span class=\"_ _8\"></span>4)<span class=\"_ _3\"></span> Working capital<span class=\"_ _3\"></span> also elaborates on<span class=\"_ _3\"></span> how DEME<span class=\"_ _3\"></span> manages cash a<span class=\"_ _3\"></span>nd liquidity<span class=\"_ _8\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>H AN<span class=\"_ _5\"></span>D C<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SH EQ<span class=\"_ _5\"></span>UI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>A<span class=\"_ _5\"></span>LEN<span class=\"_ _5\"></span>TSDEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s w<span class=\"_ _5\"></span>hen in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng i<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>vail<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e to i<span class=\"_ _5\"></span>t and w<span class=\"_ _5\"></span>hen s<span class=\"_ _5\"></span>ub<span class=\"_ _5\"></span>scr<span class=\"_ _5\"></span>ib<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>o fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial d<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>. DEME h<span class=\"_ _5\"></span>as a p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>o mini<span class=\"_ _5\"></span>mis<span class=\"_ _5\"></span>e cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>rp<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk by av<span class=\"_ _5\"></span>oid<span class=\"_ _5\"></span>ing co<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se an<span class=\"_ _5\"></span>d in su<span class=\"_ _5\"></span>ch ma<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>nly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h ba<span class=\"_ _5\"></span>nk<span class=\"_ _5\"></span>s wi<span class=\"_ _5\"></span>th whi<span class=\"_ _5\"></span>ch i<span class=\"_ _5\"></span>t has a l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>and<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nsh<span class=\"_ _5\"></span>ip, b<span class=\"_ _5\"></span>ut i<span class=\"_ _5\"></span>t is no<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sib<span class=\"_ _5\"></span>le to en<span class=\"_ _5\"></span>tir<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y excl<span class=\"_ _5\"></span>ude c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al cou<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r par<span class=\"_ _4\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ha<span class=\"_ _5\"></span>s cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s of 522.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>ber 31, 202<span class=\"_ _3\"></span>2 (202<span class=\"_ _8\"></span>1: 528.6 mi<span class=\"_ _5\"></span>llio<span class=\"_ _5\"></span>n EUR)<span class=\"_ _5\"></span>. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash equ<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ale<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s are h<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>d wi<span class=\"_ _5\"></span>th re<span class=\"_ _5\"></span>pu<span class=\"_ _5\"></span>tab<span class=\"_ _5\"></span>le b<span class=\"_ _5\"></span>ank an<span class=\"_ _5\"></span>d f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n cou<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>hat ha<span class=\"_ _5\"></span>ve go<span class=\"_ _5\"></span>od in<span class=\"_ _5\"></span>ves<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t gra<span class=\"_ _5\"></span>de cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>gs<span class=\"_ _5\"></span>.CRE<span class=\"_ _5\"></span>DI<span class=\"_ _5\"></span>T RI<span class=\"_ _5\"></span>S<span class=\"_ _5\"></span>K ON ACCOU<span class=\"_ _5\"></span>NT<span class=\"_ _5\"></span>S REC<span class=\"_ _5\"></span>EI<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>AB<span class=\"_ _5\"></span>LE / CO<span class=\"_ _5\"></span>U<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RPART<span class=\"_ _5\"></span>Y R<span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>SK<span class=\"_ _5\"></span>:Balance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The aging<span class=\"_ _8\"></span> of trade receivables (<span class=\"_ _3\"></span>net amount<span class=\"_ _3\"></span> and ex<span class=\"_ _3\"></span>cluding<span class=\"_ _3\"></span> other operating rec<span class=\"_ _3\"></span>eivables)<span class=\"_ _3\"></span> (note<span class=\"_ _8\"></span> (1<span class=\"_ _2\"></span>3)<span class=\"_ _8\"></span>) is as fol<span class=\"_ _3\"></span>lows:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _e0\"> </span>4<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>6<span class=\"_ _2b1\"> </span>272<span class=\"_ _5\"></span>,69<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls19 ws16\">30,<span class=\"_ _5\"></span>038<span class=\"_ _c8\"> </span></span>4<span class=\"_ _5\"></span>6,<span class=\"_ _5\"></span>527<span class=\"_ _b1\"> </span>26<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _159\"> </span>8,509<span class=\"_ _111\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _b1\"> </span><span class=\"lsa wsb\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>024</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _1bf\"> </span><span class=\"ls1e ws28\">-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _14f\"> </span></span>-13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>8</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>4<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _1e0\"> </span>272<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>94<span class=\"_ _c8\"> </span>30,038<span class=\"_ _89\"> </span>46<span class=\"_ _5\"></span>,527<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>076<span class=\"_ _b9\"> </span></span>8,509<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>610<span class=\"_ _c8\"> </span><span class=\"ls137 ws144\">13<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>6</span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>Expired<span class=\"ls3 ws3\"> </span>To<span class=\"_ _5\"></span>t<span class=\"_\"> </span>a<span class=\"_ _5\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ls1b7 ws1dc\">Not expired</span>&lt;1 m<span class=\"_ _4\"></span>o<span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>h&lt;2<span class=\"_ _8\"></span> months&lt;3<span class=\"_ _8\"></span> months&lt;6<span class=\"_ _3\"></span> months&lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 1 ye<span class=\"_ _5\"></span>ar(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables<span class=\"_ _9b\"> </span>3<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _14f\"> </span>2<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _74\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>47<span class=\"_ _5\"></span>0<span class=\"_ _b1\"> </span><span class=\"ls56 ws5e\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>21<span class=\"_ _29b\"> </span><span class=\"ls59 ws62\">5,372<span class=\"_ _159\"> </span><span class=\"ls7f ws8d\">9,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>3<span class=\"_ _b1\"> </span></span></span></span>10,<span class=\"_ _5\"></span>24<span class=\"_ _4\"></span>4<span class=\"_ _b2\"> </span><span class=\"lsd9 wse4\">4<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93</span></span>Los<span class=\"_ _5\"></span>s allowance<span class=\"_ _179\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _20\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _35\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _35\"> </span>-<span class=\"_ _2e\"> </span>-<span class=\"_ _1e3\"> </span></span>-18<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>3</span>T<span class=\"_ _8\"></span>ot<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _164\"> </span>2<span class=\"_ _5\"></span>95<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>2<span class=\"_ _110\"> </span>2<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7,1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _b1\"> </span><span class=\"ls88 ws96\">10<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>470<span class=\"_ _b2\"> </span><span class=\"ls5b ws64\">14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _159\"> </span><span class=\"ls67 ws72\">5,3<span class=\"_ _5\"></span>72<span class=\"_ _159\"> </span></span></span>9,<span class=\"_ _5\"></span>573<span class=\"_ _c8\"> </span><span class=\"ls3f ws67\">10<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _b2\"> </span></span>28<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>0</span>All other financia<span class=\"_ _3\"></span>l assets of the consolidated balanc<span class=\"_ _3\"></span>e sheet are<span class=\"_ _3\"></span> considered as not<span class=\"_ _3\"></span> expired.F<span class=\"_ _2\"></span>AIR V<span class=\"_ _6\"></span>ALUES<span class=\"_ _8\"></span> &amp; HIER<span class=\"_ _5\"></span>ARCHYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e cla<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>if<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>hre<span class=\"_ _5\"></span>e lev<span class=\"_ _5\"></span>els a<span class=\"_ _5\"></span>cco<span class=\"_ _5\"></span>rdin<span class=\"_ _5\"></span>g to th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion h<span class=\"_ _5\"></span>ier<span class=\"_ _5\"></span>arc<span class=\"_ _5\"></span>hy of I<span class=\"_ _5\"></span>FR<span class=\"_ _5\"></span>S 1<span class=\"_ _8\"></span>3, d<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>endi<span class=\"_ _5\"></span>ng on t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pe o<span class=\"_ _5\"></span>f inpu<span class=\"_ _5\"></span>t us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or t<span class=\"_ _5\"></span>he valuation of<span class=\"_ _3\"></span> financial instruments.- <span class=\"_ _a7\"> </span>Level 1 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are un<span class=\"_ _5\"></span>adj<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>ted q<span class=\"_ _5\"></span>uo<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces in a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. No v<span class=\"_ _5\"></span>alua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>del i<span class=\"_ _5\"></span>s us<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. In le<span class=\"_ _5\"></span>vel 1, we f<span class=\"_ _5\"></span>ind al<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts (v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>ed at f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e) wi<span class=\"_ _5\"></span>th a pu<span class=\"_ _5\"></span>blic l<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g in an a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>e mar<span class=\"_ _5\"></span>ket<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>Level 2 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are p<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ces q<span class=\"_ _5\"></span>uot<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or si<span class=\"_ _5\"></span>milar a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>nd li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies i<span class=\"_ _5\"></span>n ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve ma<span class=\"_ _5\"></span>rket<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, or d<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>a bas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d on or s<span class=\"_ _5\"></span>upp<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ed by obser<span class=\"_ _5\"></span>vable market<span class=\"_ _3\"></span> data. A valuation<span class=\"_ _8\"></span> b<span class=\"_ _5\"></span>ased on observ<span class=\"_ _5\"></span>able parameters such<span class=\"_ _3\"></span> as discounted<span class=\"_ _3\"></span> cashflow model, the comparison with another simi<span class=\"_ _3\"></span>lar instrument, the determination<span class=\"_ _8\"></span> of prices by third parties;- <span class=\"_ _a7\"> </span>Level 3 in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _4\"></span>vab<span class=\"_ _5\"></span>le da<span class=\"_ _5\"></span>ta f<span class=\"_ _5\"></span>or d<span class=\"_ _5\"></span>ete<span class=\"_ _5\"></span>rmi<span class=\"_ _5\"></span>ning t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alue o<span class=\"_ _5\"></span>f an a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et o<span class=\"_ _5\"></span>r liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y, e.g. s<span class=\"_ _5\"></span>om<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>or whi<span class=\"_ _5\"></span>ch no p<span class=\"_ _5\"></span>ubl<span class=\"_ _5\"></span>ic lis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>s avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e, l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es to c<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>tom<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, val<span class=\"_ _5\"></span>ued a<span class=\"_ _5\"></span>t amo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d co<span class=\"_ _5\"></span>st e<span class=\"_ _5\"></span>tc<span class=\"_ _5\"></span>.Se<span class=\"_ _5\"></span>t ou<span class=\"_ _5\"></span>t be<span class=\"_ _5\"></span>low i<span class=\"_ _5\"></span>s an ove<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ew o<span class=\"_ _5\"></span>f the c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>wn in t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l s<span class=\"_ _5\"></span>tat<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. All f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>ed in t<span class=\"_ _5\"></span>he t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>low r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>te to L<span class=\"_ _5\"></span>evel 2<span class=\"_ _5\"></span>. Dur<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he r<span class=\"_ _5\"></span>epo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng p<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>od<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>e wer<span class=\"_ _5\"></span>e no t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sf<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en Le<span class=\"_ _5\"></span>vel 1 and L<span class=\"_ _5\"></span>evel 2 f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e mea<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, and n<span class=\"_ _5\"></span>o tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s into a<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>ut o<span class=\"_ _5\"></span>f Leve<span class=\"_ _5\"></span>l 3 fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue me<span class=\"_ _5\"></span>asu<span class=\"_ _5\"></span>rem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _12d\"> </span>39,336<span class=\"_ _7c\"> </span>44<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>32<span class=\"_ _202\"> </span><span class=\"ls5c ws65\">8<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _158\"> </span><span class=\"ls79 ws87\">8<span class=\"_ _5\"></span>3,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>92 </span></span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _202\"> </span>32,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>32,5<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span><span class=\"ls4b ws53\">33,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>02 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls4b ws53\">39,33<span class=\"_ _5\"></span>6 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>39,33<span class=\"_ _5\"></span>6</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _15a\"> </span>11<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>11,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span><span class=\"ls75 ws82\">10<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> </span></span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _8d\"> </span>22,<span class=\"_ _5\"></span>022 <span class=\"_ _1e4\"> </span>1,<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>6<span class=\"_ _5\"></span>,023 <span class=\"_ _14f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _159\"> </span>4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>529 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span><span class=\"lsb wsc\">4<span class=\"_ _5\"></span>69,<span class=\"_ _5\"></span>677 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls57 ws60\">22,022 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>22,022 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>22<span class=\"_ _5\"></span>,022 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls7f ws8d\">5<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _da\"> </span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>522<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>261<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,233 <span class=\"_ _da\"> </span>1<span class=\"_ _2\"></span>24,23<span class=\"_ _8\"></span>3 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>1<span class=\"_ _8\"></span>24,2<span class=\"_ _3\"></span>33<span class=\"_ _3\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _28\"> </span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61 <span class=\"_ _29b\"> </span>7<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _c7\"> </span><span class=\"ls31 ws3a\">84<span class=\"_ _5\"></span>4,803<span class=\"_ _3\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls3 ws3\">798<span class=\"_ _5\"></span>,2<span class=\"_ _5\"></span>95 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15f\"> </span>789,<span class=\"_ _5\"></span>90<span class=\"_ _5\"></span>4 <span class=\"_ _b9\"> </span>78<span class=\"_ _5\"></span>9,9<span class=\"_ _5\"></span>04 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"ls19 ws16\">74<span class=\"_ _8\"></span>3,396 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls7f ws8d\">53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8 <span class=\"_ _1e\"> </span>1,2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>1,<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _17b\"> </span>3<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls3 ws3\">1,358<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>0 <span class=\"_ _1de\"> </span></span>1,390,039<span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _15d\"> </span>252<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>870 <span class=\"_ _159\"> </span>2<span class=\"_ _5\"></span>52,<span class=\"_ _5\"></span>870 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _29b\"> </span><span class=\"ls4c ws5f\">262<span class=\"_ _5\"></span>,980<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _12d\"> </span><span class=\"ls78 ws86\">31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15a\"> </span></span>31,<span class=\"_ _5\"></span>579<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls6b ws78\">7<span class=\"_ _5\"></span>2,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span>72,<span class=\"_ _5\"></span>539 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>72<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>539 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _27d\"> </span><span class=\"lsd wsf\">777<span class=\"_ _8\"></span>,705 <span class=\"_ _15f\"> </span>777<span class=\"_ _8\"></span>,705 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _27d\"> </span></span>777<span class=\"_ _8\"></span>,705 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>3 <span class=\"_ _7c\"> </span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>9<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>6<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>571<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls57 ws60\">89,<span class=\"_ _5\"></span>982 <span class=\"_ _78\"> </span>89,<span class=\"_ _5\"></span>982 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _202\"> </span></span>89,<span class=\"_ _5\"></span>982 </span>Derivatives As<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s &amp; Fair<span class=\"_ _3\"></span> value 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>designated liabilities at Book valuemeasurement<span class=\"ls3 ws3\"> </span>Fair<span class=\"_ _3\"></span> valueas h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>gi<span class=\"_ _5\"></span>ng amortised<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)by levelinstrumentcostNon-current assets<span class=\"_ _228\"> </span>613<span class=\"_ _15a\"> </span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _7a\"> </span><span class=\"ls4c ws5f\">3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 <span class=\"_ _158\"> </span>3<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>303 </span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anci<span class=\"_ _5\"></span>al as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _f8\"> </span>-<span class=\"_ _8f\"> </span><span class=\"lsc wsd\">3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>33<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>451<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>451<span class=\"_ _5\"></span> </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _2d9\"> </span><span class=\"ls8b ws99\">613<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2e\"> </span></span>6<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _35\"> </span></span>6<span class=\"_ _5\"></span>13</span>Ot<span class=\"_ _5\"></span>her n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _47\"> </span>-<span class=\"_ _cc\"> </span><span class=\"ls34 ws3e\">4,239 <span class=\"_ _168\"> </span>4,239 <span class=\"_ _235\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>4,239 </span>Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>ts<span class=\"_ _212\"> </span>3<span class=\"_ _5\"></span>,207<span class=\"_ _5\"></span> <span class=\"_ _c7\"> </span>980,84<span class=\"_ _5\"></span>6 <span class=\"_ _28a\"> </span><span class=\"ls57 ws60\">98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 <span class=\"_ _2d8\"> </span>98<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>53 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade receivables and<span class=\"_ _3\"></span> other operating receivables<span class=\"_ _10c\"> </span>-<span class=\"_ _15f\"> </span><span class=\"ls58 ws61\">38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _159\"> </span>38<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>022 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>3<span class=\"_ _5\"></span>84<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>2 </span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _ba\"> </span><span class=\"ls3f ws67\">3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _91\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _cc\"> </span></span>3,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>07 </span>Cas<span class=\"_ _5\"></span>h and c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _1c5\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls79 ws87\">528<span class=\"_ _5\"></span>,632<span class=\"_ _5\"></span> <span class=\"_ _159\"> </span>528<span class=\"_ _5\"></span>,632 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15f\"> </span></span>52<span class=\"_ _5\"></span>8,<span class=\"_ _5\"></span>632 </span>Ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>ent a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts<span class=\"_ _207\"> </span>-<span class=\"_ _213\"> </span><span class=\"ls7e ws8c\">6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _202\"> </span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _213\"> </span></span>6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span> </span>Non-cur<span class=\"_ _5\"></span>rent liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _fb\"> </span>2<span class=\"_ _3\"></span>6,868 <span class=\"_ _b9\"> </span>58<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,79<span class=\"_ _5\"></span>7 <span class=\"_ _159\"> </span><span class=\"ls1a4 ws1cb\">6<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _4c\"> </span><span class=\"lsf ws13\">62<span class=\"_ _5\"></span>0,631 </span></span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _27d\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _15f\"> </span>57<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>970<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _15d\"> </span><span class=\"lsd9 wse4\">5<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>0,<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>6 </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _274\"> </span><span class=\"ls4c ws5f\">26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _202\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7c\"> </span></span>26<span class=\"_ _5\"></span>,8<span class=\"_ _5\"></span>68<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _205\"> </span>-<span class=\"_ _91\"> </span><span class=\"ls7a ws88\">2,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>27 <span class=\"_ _1e7\"> </span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _91\"> </span></span>2,<span class=\"_ _5\"></span>827<span class=\"_ _5\"></span> </span>Current liabilitie<span class=\"_ _5\"></span>s<span class=\"_ _19b\"> </span>12<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _110\"> </span><span class=\"ls16 ws1d\">1,466,439<span class=\"_ _8\"></span> <span class=\"_ _1e3\"> </span><span class=\"ls3 ws3\">1,478,807 <span class=\"_ _288\"> </span></span>1,487<span class=\"_ _2\"></span>,090 </span>Interes<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>bearing deb<span class=\"_ _5\"></span>t<span class=\"_ _24b\"> </span>-<span class=\"_ _29b\"> </span>343,340 <span class=\"_ _b9\"> </span>34<span class=\"_ _8\"></span>3,340 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span><span class=\"lsc wsd\">351<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span> </span></span>Financial deri<span class=\"_ _5\"></span>vati<span class=\"_ _5\"></span>ves<span class=\"_ _124\"> </span><span class=\"ls80 ws8e\">12<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _55\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Le<span class=\"_ _5\"></span>vel 2<span class=\"_ _7a\"> </span></span>12<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span> </span>Advanc<span class=\"_ _3\"></span>es rece<span class=\"_ _8\"></span>ived<span class=\"_ _18a\"> </span>-<span class=\"_ _af\"> </span><span class=\"ls75 ws82\">101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _29b\"> </span>101,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _af\"> </span></span>101,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>67<span class=\"_ _5\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _5\"></span>ade payables and<span class=\"_ _8\"></span> o<span class=\"_ _5\"></span>ther operating debts<span class=\"_ _1fb\"> </span>-<span class=\"_ _15d\"> </span><span class=\"ls37 ws83\">772,90<span class=\"_ _8\"></span>5 <span class=\"_ _159\"> </span>772,90<span class=\"_ _3\"></span>5 <span class=\"_ _78\"> </span>Level 2<span class=\"_ _15d\"> </span>772,<span class=\"_ _3\"></span>905 </span>Remun<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on and s<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ial de<span class=\"_ _5\"></span>bt<span class=\"_ _209\"> </span>-<span class=\"_ _202\"> </span><span class=\"ls58 ws61\">9<span class=\"_ _5\"></span>4,<span class=\"_ _5\"></span>026 <span class=\"_ _78\"> </span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _7a\"> </span></span>94<span class=\"_ _5\"></span>,02<span class=\"_ _5\"></span>6 </span>Curr<span class=\"_ _5\"></span>ent i<span class=\"_ _5\"></span>ncom<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>xes<span class=\"_ _20f\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls7f ws8d\">76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>37<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>76<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>370<span class=\"_ _5\"></span> </span>Ot<span class=\"_ _5\"></span>her curr<span class=\"_ _5\"></span>ent liabilit<span class=\"_ _5\"></span>ies<span class=\"_ _8e\"> </span>-<span class=\"_ _8f\"> </span><span class=\"ls75 ws82\">7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,73<span class=\"_ _5\"></span>1 <span class=\"_ _7c\"> </span><span class=\"ls37 ws83\">Level 2<span class=\"_ _8f\"> </span></span>78<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> </span>The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing m<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>ds an<span class=\"_ _5\"></span>d as<span class=\"_ _5\"></span>sump<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ons w<span class=\"_ _5\"></span>ere u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d to e<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ima<span class=\"_ _5\"></span>te th<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ues<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span>Cash an<span class=\"_ _5\"></span>d ca<span class=\"_ _5\"></span>sh e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>the<span class=\"_ _5\"></span>r op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>atin<span class=\"_ _5\"></span>g re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rre<span class=\"_ _5\"></span>nt as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d ot<span class=\"_ _5\"></span>her o<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>rat<span class=\"_ _5\"></span>ing deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, a<span class=\"_ _5\"></span>dv<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es re<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>ive<span class=\"_ _5\"></span>d, r<span class=\"_ _5\"></span>emun<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on an<span class=\"_ _5\"></span>d so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inco<span class=\"_ _5\"></span>me t<span class=\"_ _5\"></span>axe<span class=\"_ _5\"></span>s and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt lia<span class=\"_ _5\"></span>bili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>oxim<span class=\"_ _5\"></span>ate t<span class=\"_ _5\"></span>heir car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>us<span class=\"_ _5\"></span>e the<span class=\"_ _5\"></span>y have a sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-term ma<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>The fa<span class=\"_ _5\"></span>ir val<span class=\"_ _5\"></span>ue o<span class=\"_ _5\"></span>f inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s is e<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tima<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>y dis<span class=\"_ _5\"></span>cou<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>ng f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws u<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g the e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y avai<span class=\"_ _5\"></span>labl<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>r deb<span class=\"_ _5\"></span>t on s<span class=\"_ _5\"></span>imil<span class=\"_ _5\"></span>ar ter<span class=\"_ _5\"></span>ms<span class=\"_ _5\"></span>, cr<span class=\"_ _5\"></span>edi<span class=\"_ _5\"></span>t ri<span class=\"_ _5\"></span>sk an<span class=\"_ _5\"></span>d rem<span class=\"_ _5\"></span>aini<span class=\"_ _5\"></span>ng ma<span class=\"_ _5\"></span>turi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>; wh<span class=\"_ _5\"></span>ere t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te is v<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>iabl<span class=\"_ _5\"></span>e (f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ng), the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e is co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o be si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>r to th<span class=\"_ _5\"></span>e car<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>. A simi<span class=\"_ _5\"></span>lar ap<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>oac<span class=\"_ _5\"></span>h is us<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>or n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>;- <span class=\"_ _172\"> </span>The Group enters into<span class=\"_ _3\"></span> financial derivative instruments with various count<span class=\"_ _3\"></span>erpar<span class=\"_ _5\"></span>ties, principally financial<span class=\"_ _3\"></span> institutions with inve<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>nt gr<span class=\"_ _5\"></span>ade c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>dit r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>. D<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s val<span class=\"_ _5\"></span>ue<span class=\"_ _5\"></span>d usin<span class=\"_ _5\"></span>g val<span class=\"_ _5\"></span>uat<span class=\"_ _5\"></span>ion t<span class=\"_ _5\"></span>ech<span class=\"_ _5\"></span>niq<span class=\"_ _5\"></span>ues w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h mar<span class=\"_ _5\"></span>ket o<span class=\"_ _5\"></span>bs<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e inp<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e main<span class=\"_ _5\"></span>ly interest rate swaps, fuel hedges and foreign<span class=\"_ _8\"></span> e<span class=\"_ _5\"></span>xchange<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>orward contrac<span class=\"_ _5\"></span>ts. The models incorporate various in<span class=\"_ _3\"></span>puts including for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e sp<span class=\"_ _5\"></span>ot an<span class=\"_ _5\"></span>d fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s and i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate cu<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-280-8": {
   "value": "INTEREST R<span class=\"_ _5\"></span>A<span class=\"_ _2\"></span>TE RISKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME c<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ts c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>id<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ble f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>or th<span class=\"_ _5\"></span>e ac<span class=\"_ _5\"></span>quis<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>et a<span class=\"_ _5\"></span>nd re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e. In<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>fi<span class=\"_ _5\"></span>ned a<span class=\"_ _5\"></span>s th<span class=\"_ _5\"></span>e ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent to w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>ts o<span class=\"_ _5\"></span>r va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f a f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on ar<span class=\"_ _5\"></span>e af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by a ch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e in mar<span class=\"_ _5\"></span>ket i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e ris<span class=\"_ _5\"></span>k mana<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t is cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y pe<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ed w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hin th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>.T<span class=\"_ _2\"></span>o a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>eve t<span class=\"_ _5\"></span>he be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sibl<span class=\"_ _5\"></span>e ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>wee<span class=\"_ _5\"></span>n f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d the v<span class=\"_ _5\"></span>ola<span class=\"_ _5\"></span>tili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r it<span class=\"_ _5\"></span>s lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m bo<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>owi<span class=\"_ _5\"></span>ngs<span class=\"_ _5\"></span>, DEME c<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>rs t<span class=\"_ _5\"></span>he va<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t majo<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y of t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>s o<span class=\"_ _5\"></span>f chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s thr<span class=\"_ _5\"></span>oug<span class=\"_ _5\"></span>h der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, mai<span class=\"_ _5\"></span>nly b<span class=\"_ _5\"></span>y usin<span class=\"_ _5\"></span>g <span class=\"ff73 ls15d ws172\">interest rate<span class=\"_ _3\"></span> swaps<span class=\"ff70 ls3 ws3\">. A<span class=\"_ _5\"></span>s fo<span class=\"_ _5\"></span>r the u<span class=\"_ _5\"></span>ncov<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s (w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h mainl<span class=\"_ _5\"></span>y re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>e to sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t-</span></span>term borrowing if<span class=\"_ _3\"></span> applicable<span class=\"_ _8\"></span>) adverse changes in va<span class=\"_ _3\"></span>riable int<span class=\"_ _3\"></span>erest rates may<span class=\"_ _8\"></span> lead to increases in<span class=\"_ _8\"></span> the interest charges borne b<span class=\"_ _3\"></span>y DEME.The<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e hed<span class=\"_ _5\"></span>gin<span class=\"_ _5\"></span>g ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y eq<span class=\"_ _5\"></span>ual t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ge<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y have t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ame m<span class=\"_ _5\"></span>atur<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ty d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s as th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>h the s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps a<span class=\"_ _5\"></span>re de<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>min<span class=\"_ _5\"></span>ed a<span class=\"_ _5\"></span>s an ef<span class=\"_ _4\"></span>fe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve he<span class=\"_ _5\"></span>dge o<span class=\"_ _5\"></span>f ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding o<span class=\"_ _5\"></span>r ant<span class=\"_ _5\"></span>ici<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>ted b<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>gs an<span class=\"_ _5\"></span>d me<span class=\"_ _5\"></span>et th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge accounting<span class=\"_ _8\"></span> requirements of IFRS 9.<span class=\"_ _3\"></span> The fair<span class=\"_ _8\"></span> v<span class=\"_ _5\"></span>alues of<span class=\"_ _3\"></span> the effec<span class=\"_ _5\"></span>tive portion of the hedging<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>trument are<span class=\"_ _3\"></span> therefore recognised dire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y in th<span class=\"_ _5\"></span>e ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>reh<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>ive i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me un<span class=\"_ _5\"></span>der h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge acc<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g tre<span class=\"_ _5\"></span>atm<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t. T<span class=\"_ _5\"></span>he in<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ive p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f any ga<span class=\"_ _5\"></span>in or l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he finan<span class=\"_ _5\"></span>cial instr<span class=\"_ _5\"></span>ument will be ta<span class=\"_ _5\"></span>ken in result. At clos<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>, the i<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>s qua<span class=\"_ _5\"></span>lif<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>ed as c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>es h<span class=\"_ _5\"></span>ave th<span class=\"_ _5\"></span>e fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>win<span class=\"_ _5\"></span>g char<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _12c\"> </span><span class=\"ls3 ws3\">39,<span class=\"_ _8\"></span>127 <span class=\"_ _232\"> </span>-<span class=\"_ _233\"> </span><span class=\"ls1a4 ws1cb\">1<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _1d9\"> </span><span class=\"ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s193<span class=\"_ _5\"></span>,169<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span>15<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>3<span class=\"_ _5\"></span>61,<span class=\"_ _5\"></span>278<span class=\"_ _5\"></span> <span class=\"_ _35\"> </span><span class=\"ls147 ws157\">13<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _9b\"> </span><span class=\"ff72 ls33 ws3c\">842,860 </span></span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>T<span class=\"_ _8\"></span>otal net balance<span class=\"ls3 ws3\"> </span>Non-current asset<span class=\"_ _157\"> </span><span class=\"ls1b6 ws1db\">Non-<span class=\"_ _5\"></span>current liability<span class=\"_ _7a\"> </span><span class=\"ls1f3 ws21d\">Current asset<span class=\"_ _1df\"> </span></span>Curr<span class=\"_ _5\"></span>ent liability</span>fair value(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Interest rate<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>waps<span class=\"_ _109\"> </span>-<span class=\"_ _3d\"> </span><span class=\"ls79 ws87\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _5\"></span> <span class=\"_ _18e\"> </span></span>-<span class=\"_ _22\"> </span><span class=\"ls1f ws2b\">-1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _166\"> </span><span class=\"ls10c ws17f\">-4,500 </span></span>Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> Be<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en <span class=\"_ _2\"></span> &lt;1 y<span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>a<span class=\"_ _5\"></span>r&gt; 5 ye<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>s<span class=\"_ _b1\"> </span><span class=\"ls1b4 ws1da\">Notional amount</span>1 an<span class=\"_ _5\"></span>d 2 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s2 an<span class=\"_ _5\"></span>d 5 yea<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>s181,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span> <span class=\"_ _2d\"> </span>141<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>255<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>03 <span class=\"_ _33\"> </span><span class=\"ls7e ws8c\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _65\"> </span><span class=\"ff72 ls5b ws64\">6<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0 </span></span>So<span class=\"_ _5\"></span>me jo<span class=\"_ _5\"></span>int v<span class=\"_ _5\"></span>entu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nce s<span class=\"_ _5\"></span>igni<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>ant a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s inf<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ture w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s, o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e win<span class=\"_ _5\"></span>df<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ms or ve<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>ls an<span class=\"_ _5\"></span>d the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e als<span class=\"_ _5\"></span>o ho<span class=\"_ _5\"></span>ld i<span class=\"_ _5\"></span>nter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t r<span class=\"_ _5\"></span>ate s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ps (I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>). Pe<span class=\"_ _5\"></span>r De<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _3\"></span>22, the o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er co<span class=\"_ _5\"></span>mpr<span class=\"_ _5\"></span>ehe<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>ve in<span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>e (OCI) o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t per<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>d incl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>es an a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of +28.3 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR c<span class=\"_ _5\"></span>omp<span class=\"_ _5\"></span>are<span class=\"_ _5\"></span>d to -22.2 m<span class=\"_ _5\"></span>illi<span class=\"_ _5\"></span>on EUR a<span class=\"_ _5\"></span>t the e<span class=\"_ _5\"></span>nd o<span class=\"_ _5\"></span>f 2021<span class=\"_ _8\"></span>. T<span class=\"_ _5\"></span>his re<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s DEME<span class=\"_ _5\"></span>\u2019s share i<span class=\"_ _5\"></span>n the p<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>e fai<span class=\"_ _5\"></span>r val<span class=\"_ _5\"></span>ue of t<span class=\"_ _5\"></span>he I<span class=\"_ _5\"></span>RS<span class=\"_ _5\"></span>s of Re<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>l NV, C<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>Pow<span class=\"_ _5\"></span>er NV, Seam<span class=\"_ _5\"></span>ade N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>, N<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal<span class=\"_ _5\"></span>ux S<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>, BA<span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>K Bla<span class=\"_ _5\"></span>nkenb<span class=\"_ _5\"></span>urg<span class=\"_ _5\"></span>-V<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>bin<span class=\"_ _5\"></span>ding B<span class=\"_ _5\"></span>V and SE<span class=\"_ _5\"></span>MO<span class=\"_ _5\"></span>P Por<span class=\"_ _4\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>a Nou<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>lle<span class=\"_ _5\"></span>, net o<span class=\"_ _5\"></span>f de<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>ax a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>.MARKET RISKT<span class=\"_ _2\"></span>o f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>e it<span class=\"_ _5\"></span>s inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>iti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, DE<span class=\"_ _5\"></span>ME fr<span class=\"_ _5\"></span>eq<span class=\"_ _5\"></span>uen<span class=\"_ _5\"></span>tl<span class=\"_ _5\"></span>y makes u<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f ex<span class=\"_ _4\"></span>ter<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>, bo<span class=\"_ _5\"></span>th in t<span class=\"_ _5\"></span>he sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd t<span class=\"_ _5\"></span>he lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m. T<span class=\"_ _5\"></span>he ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent o<span class=\"_ _5\"></span>f lev<span class=\"_ _5\"></span>era<span class=\"_ _5\"></span>ge may e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p to va<span class=\"_ _5\"></span>rio<span class=\"_ _5\"></span>us r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, in<span class=\"_ _5\"></span>clu<span class=\"_ _5\"></span>ding i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s vu<span class=\"_ _5\"></span>lner<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ty t<span class=\"_ _5\"></span>o dow<span class=\"_ _5\"></span>ntu<span class=\"_ _5\"></span>rns o<span class=\"_ _5\"></span>r ad<span class=\"_ _5\"></span>ver<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in general economic, indu<span class=\"_ _3\"></span>str<span class=\"_ _5\"></span>y or competitive conditions<span class=\"_ _3\"></span> and government<span class=\"_ _3\"></span> regulations and<span class=\"_ _8\"></span> re<span class=\"_ _5\"></span>quiring a<span class=\"_ _8\"></span> subs<span class=\"_ _5\"></span>tantial portion of its cash fl<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s to b<span class=\"_ _5\"></span>e ded<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t of p<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>cip<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t on th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s ind<span class=\"_ _5\"></span>ebt<span class=\"_ _5\"></span>edn<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>for<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>duc<span class=\"_ _5\"></span>ing i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y to u<span class=\"_ _5\"></span>se i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s to f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>d it<span class=\"_ _5\"></span>s op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s, c<span class=\"_ _5\"></span>api<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>l ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d fu<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e bus<span class=\"_ _5\"></span>ine<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>s opp<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tuni<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>isk i<span class=\"_ _5\"></span>s the r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k that c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in mar<span class=\"_ _5\"></span>ket p<span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>es (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign e<span class=\"_ _5\"></span>xcha<span class=\"_ _5\"></span>nge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>, fu<span class=\"_ _5\"></span>el pr<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>,\u2026) will af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s inco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t or th<span class=\"_ _5\"></span>e val<span class=\"_ _5\"></span>ue of i<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. The o<span class=\"_ _5\"></span>bje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ve o<span class=\"_ _5\"></span>f mar<span class=\"_ _5\"></span>ket ri<span class=\"_ _5\"></span>sk ma<span class=\"_ _5\"></span>nag<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>nt is t<span class=\"_ _5\"></span>o mana<span class=\"_ _5\"></span>ge an<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ol mar<span class=\"_ _5\"></span>ket ris<span class=\"_ _5\"></span>k ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>osu<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>s and t<span class=\"_ _5\"></span>o keep t<span class=\"_ _5\"></span>he mar<span class=\"_ _5\"></span>ket r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k po<span class=\"_ _5\"></span>sit<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n wi<span class=\"_ _5\"></span>thin a<span class=\"_ _5\"></span>cce<span class=\"_ _5\"></span>pt<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e bo<span class=\"_ _5\"></span>unda<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es w<span class=\"_ _5\"></span>hile a<span class=\"_ _5\"></span>chi<span class=\"_ _5\"></span>evi<span class=\"_ _5\"></span>ng th<span class=\"_ _5\"></span>e be<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>n.NOTE 1<span class=\"_ _3\"></span>9 \u2013 FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L R<span class=\"_ _5\"></span>ISK <span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>NAGEM<span class=\"_ _5\"></span>ENT A<span class=\"_ _5\"></span>ND <span class=\"_ _5\"></span>FIN<span class=\"_ _5\"></span>ANCI<span class=\"_ _5\"></span>AL <span class=\"_ _5\"></span>DER<span class=\"_ _5\"></span>IV<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>TI<span class=\"_ _5\"></span>VESThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s fin<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts a<span class=\"_ _5\"></span>re c<span class=\"_ _5\"></span>ash a<span class=\"_ _5\"></span>nd c<span class=\"_ _5\"></span>ash e<span class=\"_ _5\"></span>qui<span class=\"_ _5\"></span>val<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ad<span class=\"_ _5\"></span>e and o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er re<span class=\"_ _5\"></span>cei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st-bea<span class=\"_ _5\"></span>rin<span class=\"_ _5\"></span>g lo<span class=\"_ _5\"></span>ans a<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>ank over<span class=\"_ _5\"></span>dra<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, tr<span class=\"_ _5\"></span>ade a<span class=\"_ _5\"></span>nd ot<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>r pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d de<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>vat<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. De<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ves a<span class=\"_ _5\"></span>re <span class=\"ff73 ls15d ws172\">designated </span><span class=\"ls1f2 ws21b\">exclusively <span class=\"ff73 ls1d4 ws1fa\">as<span class=\"_ _3\"></span> hedging i<span class=\"_ _3\"></span>nstruments <span class=\"ff70 ls3 ws3\">and n<span class=\"_ _5\"></span>ot f<span class=\"_ _5\"></span>or </span></span></span>trading or other<span class=\"_ _8\"></span> sp<span class=\"_ _5\"></span>eculative purposes.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d to th<span class=\"_ _5\"></span>e fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s linke<span class=\"_ _5\"></span>d to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>:- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Marke<span class=\"_ _5\"></span>t ris<span class=\"_ _5\"></span>k con<span class=\"_ _5\"></span>sis<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ing o<span class=\"_ _5\"></span>f: <span class=\"_ _16\"> </span>\u2022 Int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>; <span class=\"_ _16\"> </span>\u2022 Pric<span class=\"_ _8\"></span>e risk/<span class=\"_ _8\"></span>commodity<span class=\"_ _8\"></span> risk;- <span class=\"_ _a7\"> </span> <span class=\"_ _0\"></span>Credi<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d Coun<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk<span class=\"_ _5\"></span>;- <span class=\"_ _2cc\"> </span> Liq<span class=\"_ _5\"></span>uidi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>y <span class=\"_ _12\"> </span>ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>.At DEME th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng in<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>ru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts s<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ap th<span class=\"_ _5\"></span>e var<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>le in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te in<span class=\"_ _5\"></span>to a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d on<span class=\"_ _5\"></span>e as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>rib<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e tab<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s be<span class=\"_ _5\"></span>low. Le<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es ar<span class=\"_ _5\"></span>e not i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ude<span class=\"_ _5\"></span>d in th<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w. Ref<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>nce is a<span class=\"_ _5\"></span>ls<span class=\"_ _5\"></span>o mad<span class=\"_ _5\"></span>e to no<span class=\"_ _5\"></span>te (1<span class=\"_ _8\"></span>8) In<span class=\"_ _5\"></span>tere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t<span class=\"_ _8\"></span>-<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>ing d<span class=\"_ _5\"></span>ebt a<span class=\"_ _5\"></span>nd ne<span class=\"_ _5\"></span>t f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. 2022<span class=\"_ _5\"></span> <span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>100.00<span class=\"_ _3\"></span>%<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">1.75<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>42,<span class=\"_ _5\"></span>860 <span class=\"_ _aa\"> </span></span></span>1<span class=\"_ _8\"></span>00.00%<span class=\"_ _143\"> </span>3<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _ab\"> </span>2.8<span class=\"_ _5\"></span>8%</span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _23f\"> </span>98<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>572 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">1.75%<span class=\"_ _a8\"> </span><span class=\"ls33 ws3c\">842,<span class=\"_ _5\"></span>860 <span class=\"_ _1a\"> </span></span></span>100.00%<span class=\"_ _149\"> </span><span class=\"ls87 ws95\">3.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>1%<span class=\"_ _10e\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span>2.88%</span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>1.58%<span class=\"_ _164\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _149\"> </span></span>0.00%<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _39\"> </span>-<span class=\"_ _ad\"> </span><span class=\"ls37 ws83\">0.0<span class=\"_ _5\"></span>0%<span class=\"_ _169\"> </span></span>-<span class=\"_ _168\"> </span>-<span class=\"_ _149\"> </span><span class=\"ls37 ws83\">0.00%<span class=\"_ _169\"> </span></span>-<span class=\"_ _169\"> </span>-<span class=\"_ _28d\"> </span><span class=\"ls13 ws9a\">0.00%<span class=\"_ _10e\"> </span>0.00%</span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _10a\"> </span>941<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>43<span class=\"_ _5\"></span>2 <span class=\"_ _1ea\"> </span>100.00%<span class=\"_ _28d\"> </span>1.<span class=\"_ _5\"></span>58<span class=\"_ _5\"></span>%<span class=\"_ _168\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1f1\"> </span></span>0.00%<span class=\"_ _169\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _10e\"> </span></span>941,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _aa\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _10e\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8%</span></span>Simi<span class=\"_ _5\"></span>lar to 2021, almos<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e ent<span class=\"_ _5\"></span>ire G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s out<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>ng de<span class=\"_ _5\"></span>bt p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>o (sho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t an<span class=\"_ _5\"></span>d lon<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>erm) ha<span class=\"_ _5\"></span>s a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>r<span class=\"_ _8\"></span>, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h limi<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o <span class=\"ff73 ls116 ws9d\">interest rate fluctuations</span>.2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> be<span class=\"_ _5\"></span>fore considering<span class=\"_ _8\"></span> de<span class=\"_ _5\"></span>rivatives<span class=\"_ _8\"></span> produc<span class=\"_ _5\"></span>ts<span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Fixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 101,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span>4<span class=\"_ _5\"></span>8.98%<span class=\"_ _149\"> </span>0.88%<span class=\"_ _10e\"> </span>6<span class=\"_ _5\"></span>22<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _5\"></span> <span class=\"_ _142\"> </span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _149\"> </span>0.52<span class=\"_ _5\"></span>%<span class=\"_ _ab\"> </span>723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67<span class=\"_ _5\"></span> <span class=\"_ _1ef\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _4\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _bb\"> </span><span class=\"ls88 ws96\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _2ce\"> </span>51.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _4\"></span>4% (<span class=\"_ _5\"></span>*)<span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _ab\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0 <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>72<span class=\"_ _4\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _13b\"> </span>206,680 <span class=\"_ _1a\"> </span><span class=\"ls13 ws9a\">100.00%<span class=\"_ _28d\"> </span><span class=\"ls3a ws3f\">0.43%<span class=\"_ _ab\"> </span><span class=\"ls4c ws5f\">622<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>237<span class=\"_ _aa\"> </span></span></span>100.00%<span class=\"_ _28d\"> </span><span class=\"ls4c ws5f\">0<span class=\"_ _5\"></span>.52<span class=\"_ _5\"></span>%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _2cd\"> </span></span></span>100.00%<span class=\"_ _ab\"> </span><span class=\"lse ws12\">0.<span class=\"_ _5\"></span>42%</span></span>Effec<span class=\"_ _5\"></span>tive<span class=\"_ _3\"></span> av<span class=\"_ _8\"></span>e<span class=\"_ _5\"></span>rage int<span class=\"_ _3\"></span>erest rate<span class=\"_ _8\"></span> af<span class=\"_ _5\"></span>ter considering derivativ<span class=\"_ _8\"></span>es productsFixed Rate<span class=\"_ _1d4\"> </span><span class=\"ls1b7 ws1dc\">Floating Rat<span class=\"_ _3\"></span>e<span class=\"_ _117\"> </span><span class=\"ls1d7 ws1fe\">To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>l</span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _5\"></span>e of d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s<span class=\"_ _11b\"> </span>Amounts<span class=\"_ _2b0\"> </span><span class=\"ls1d5 ws1fc\">Quo<span class=\"_ _5\"></span>ta<span class=\"_ _74\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14b\"> </span></span></span>Amounts<span class=\"_ _110\"> </span>Quota<span class=\"_ _73\"> </span><span class=\"ls1b5 ws141\">Rate<span class=\"_ _14c\"> </span></span>Amounts<span class=\"_ _110\"> </span><span class=\"ls1d5 ws1fc\">Quota<span class=\"_ _1e5\"> </span><span class=\"ls1b5 ws141\">Rate</span></span>Credi<span class=\"_ _5\"></span>t inst<span class=\"_ _5\"></span>itut<span class=\"_ _5\"></span>ions<span class=\"_ _5\"></span>, subor<span class=\"_ _5\"></span>dinated 715,761 <span class=\"_ _1ec\"> </span>8<span class=\"_ _4\"></span>7.1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>%<span class=\"_ _1e5\"> </span>1.07<span class=\"_ _5\"></span>%<span class=\"_ _110\"> </span>7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _142\"> </span>100<span class=\"_ _3\"></span>.00%<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.75%<span class=\"_ _10e\"> </span>723,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>67 <span class=\"_ _14c\"> </span><span class=\"ls1a3 ws153\">8<span class=\"_ _5\"></span>7.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>%<span class=\"_ _1ef\"> </span><span class=\"lsb wsc\">1.<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>%</span></span>loa<span class=\"_ _5\"></span>ns &amp; ot<span class=\"_ _5\"></span>her l<span class=\"_ _5\"></span>oan<span class=\"_ _5\"></span>sShor<span class=\"_ _5\"></span>t-term credi<span class=\"_ _5\"></span>t facili<span class=\"_ _5\"></span>ties<span class=\"_ _15d\"> </span>10<span class=\"_ _5\"></span>5,<span class=\"_ _4\"></span>45<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _14b\"> </span>12<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>%<span class=\"_ _219\"> </span>-<span class=\"_ _4\"></span>0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4%<span class=\"_ _5\"></span> (*<span class=\"_ _5\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _169\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _ab\"> </span>105<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>50<span class=\"_ _5\"></span> <span class=\"_ _14c\"> </span><span class=\"ls6e ws7b\">12<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%<span class=\"_ _aa\"> </span><span class=\"lsd wsf\">-<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>4%</span></span>To<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _2c6\"> </span>821,211 <span class=\"_ _1ea\"> </span><span class=\"ls13 ws9a\">1<span class=\"_ _8\"></span>00.0<span class=\"_ _5\"></span>0%<span class=\"_ _28d\"> </span><span class=\"ls6b ws78\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>%<span class=\"_ _ac\"> </span><span class=\"ls1a4 ws1cb\">7,<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _8\"></span>0<span class=\"_ _5\"></span>0.00%<span class=\"_ _149\"> </span><span class=\"ls12 ws17\">0.7<span class=\"_ _5\"></span>5%<span class=\"_ _10e\"> </span><span class=\"lsc1 wscd\">8<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span> <span class=\"_ _1ea\"> </span></span></span>1<span class=\"_ _3\"></span>00.00%<span class=\"_ _10e\"> </span><span class=\"ls57 ws60\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>85%</span></span>(*) O<span class=\"_ _5\"></span>n De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 3r<span class=\"_ _5\"></span>d, 2<span class=\"_ _5\"></span>021, DEME Co<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>na<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r NV e<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>d in<span class=\"_ _5\"></span>to a s<span class=\"_ _5\"></span>ho<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t-term l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>n ag<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>, un<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e TLTRO<span class=\"_ _5\"></span>-p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>gr<span class=\"_ _5\"></span>am (<span class=\"_ _5\"></span>T<span class=\"_ _8\"></span>a<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ed L<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>er-T<span class=\"_ _2\"></span>e<span class=\"_ _5\"></span>rm R<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g Op<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n) of th<span class=\"_ _5\"></span>e Eur<span class=\"_ _5\"></span>op<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>n Cen<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>al B<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>, wh<span class=\"_ _5\"></span>ich o<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>s DE<span class=\"_ _5\"></span>ME Co<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n Ce<span class=\"_ _5\"></span>nte<span class=\"_ _5\"></span>r an in<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>e of E<span class=\"_ _5\"></span>URI<span class=\"_ _5\"></span>B<span class=\"_ _5\"></span>OR un<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ed + a m<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>gin o<span class=\"_ _5\"></span>f minus 20 ba<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>.CURRENCY RISKDEME i<span class=\"_ _5\"></span>s ex<span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed to r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>cia<span class=\"_ _5\"></span>ted w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons i<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e rat<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k ca<span class=\"_ _5\"></span>n be sp<span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>t into t<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>o categories: <span class=\"ff73 ls116 ws9d\">translational </span><span class=\"ls3 ws3\">and <span class=\"ff73 ls116 ws9d\">tr<span class=\"_ _5\"></span>ansactional </span><span class=\"ls1d4 ws1fa\">curren<span class=\"_ _3\"></span>cy risk.</span></span>TRANSL<span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TIONAL C<span class=\"_ _3\"></span>URRENCY<span class=\"_ _3\"></span> RISKDEME\u2019<span class=\"_ _8\"></span>s repor<span class=\"_ _5\"></span>ting currency is euro,<span class=\"_ _8\"></span> however<span class=\"_ _8\"></span>, given the Group\u2019<span class=\"_ _3\"></span>s global operations, a s<span class=\"_ _3\"></span>ignificant por<span class=\"_ _5\"></span>tion of the Group\u2019<span class=\"_ _8\"></span>s ass<span class=\"_ _5\"></span>ets<span class=\"_ _5\"></span>, lia<span class=\"_ _3\"></span>bilities, expense<span class=\"_ _5\"></span>s and re<span class=\"_ _3\"></span>venue are<span class=\"_ _8\"></span> denominated in currencies<span class=\"_ _3\"></span> other than<span class=\"_ _3\"></span> euro. Such<span class=\"_ _3\"></span> asset<span class=\"_ _5\"></span>s, liabilities, expenses and revenue<span class=\"_ _3\"></span> are translated<span class=\"_ _3\"></span> to euro at<span class=\"_ _3\"></span> the applicable ex<span class=\"_ _8\"></span>change rates to prepare the<span class=\"_ _8\"></span> G<span class=\"_ _5\"></span>roup\u2019s<span class=\"_ _3\"></span> consolidated financial<span class=\"_ _8\"></span> s<span class=\"_ _5\"></span>tatements<span class=\"_ _5\"></span>. Therefore, fluctuations in ex<span class=\"_ _3\"></span>change rat<span class=\"_ _5\"></span>es b<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>we<span class=\"_ _5\"></span>en e<span class=\"_ _5\"></span>uro an<span class=\"_ _5\"></span>d su<span class=\"_ _5\"></span>ch ot<span class=\"_ _5\"></span>her c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s af<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e va<span class=\"_ _5\"></span>lue o<span class=\"_ _5\"></span>f tho<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e ite<span class=\"_ _5\"></span>ms e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ed in e<span class=\"_ _5\"></span>uro t<span class=\"_ _5\"></span>erm<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lida<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. A c<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge of o<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>r mor<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es in w<span class=\"_ _5\"></span>hi<span class=\"_ _5\"></span>ch DEM<span class=\"_ _5\"></span>E\u2019s loc<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>per<span class=\"_ _5\"></span>ate a<span class=\"_ _5\"></span>gai<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>t eur<span class=\"_ _5\"></span>o imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s it<span class=\"_ _5\"></span>s r<span class=\"_ _5\"></span>even<span class=\"_ _5\"></span>ue an<span class=\"_ _5\"></span>d pro<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ed i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o ter<span class=\"_ _5\"></span>ms ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>ly. Chan<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e euro v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s cons<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>ida<span class=\"_ _5\"></span>ted as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s res<span class=\"_ _5\"></span>ul<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g fr<span class=\"_ _5\"></span>om e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te mo<span class=\"_ _5\"></span>vem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s may c<span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>se t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>d for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y gain<span class=\"_ _5\"></span>s and l<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s through profit or loss, or through<span class=\"_ _8\"></span> i<span class=\"_ _5\"></span>ts cumulative<span class=\"_ _3\"></span> translation adjustment reserve recognised in other<span class=\"_ _3\"></span> comprehensive i<span class=\"_ _3\"></span>ncome and accumulated in equi<span class=\"_ _5\"></span>ty.The m<span class=\"_ _5\"></span>ain f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>anie<span class=\"_ _5\"></span>s co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ibu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ng to t<span class=\"_ _5\"></span>he Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s tur<span class=\"_ _5\"></span>nov<span class=\"_ _5\"></span>er have G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, U<span class=\"_ _5\"></span>SD, IN<span class=\"_ _5\"></span>R, N<span class=\"_ _5\"></span>GN<span class=\"_ _5\"></span>, S<span class=\"_ _5\"></span>GD, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U, BRL<span class=\"_ _5\"></span>, P<span class=\"_ _5\"></span>LN<span class=\"_ _5\"></span>, PG<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>, T<span class=\"_ _5\"></span>WD, PEN a<span class=\"_ _5\"></span>nd M<span class=\"_ _5\"></span>XN a<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ir cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y. In 2022 thes<span class=\"_ _5\"></span>e en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, esp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iall<span class=\"_ _5\"></span>y in G<span class=\"_ _5\"></span>BP &amp; US<span class=\"_ _5\"></span>D, con<span class=\"_ _5\"></span>tri<span class=\"_ _5\"></span>bu<span class=\"_ _5\"></span>ted 21<span class=\"_ _8\"></span>% t<span class=\"_ _5\"></span>o the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up<span class=\"_ _5\"></span>\u2019s turn<span class=\"_ _5\"></span>over. For 2021 this wa<span class=\"_ _5\"></span>s even 3<span class=\"_ _5\"></span>4%. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup d<span class=\"_ _5\"></span>oe<span class=\"_ _5\"></span>s not h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge a<span class=\"_ _5\"></span>gain<span class=\"_ _5\"></span>st t<span class=\"_ _5\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>.SE<span class=\"_ _5\"></span>NS<span class=\"_ _5\"></span>IT<span class=\"_ _5\"></span>IV<span class=\"_ _5\"></span>IT<span class=\"_ _4\"></span>Y TO TH<span class=\"_ _5\"></span>E I<span class=\"_ _5\"></span>NTE<span class=\"_ _5\"></span>RE<span class=\"_ _5\"></span>ST R<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>T<span class=\"_ _5\"></span>E RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up is s<span class=\"_ _5\"></span>ubje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to t<span class=\"_ _5\"></span>he ri<span class=\"_ _5\"></span>sk o<span class=\"_ _5\"></span>f fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>es f<span class=\"_ _5\"></span>or ca<span class=\"_ _5\"></span>sh f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>ws r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g to f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>ncia<span class=\"_ _5\"></span>l ins<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>um<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s at f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g ra<span class=\"_ _5\"></span>te tha<span class=\"_ _5\"></span>t are not hedg<span class=\"_ _3\"></span>ed.A<span class=\"_ _5\"></span>s the e<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>re G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s ou<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ding d<span class=\"_ _5\"></span>eb<span class=\"_ _5\"></span>t po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>lio (sh<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t a<span class=\"_ _5\"></span>nd l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m) af<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er he<span class=\"_ _5\"></span>dgin<span class=\"_ _5\"></span>g, h<span class=\"_ _5\"></span>as a f<span class=\"_ _5\"></span>ixe<span class=\"_ _5\"></span>d int<span class=\"_ _5\"></span>ere<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te cha<span class=\"_ _5\"></span>rac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>er at y<span class=\"_ _5\"></span>ear-e<span class=\"_ _5\"></span>nd 2022, the e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>e of th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup t<span class=\"_ _5\"></span>o inte<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>st r<span class=\"_ _5\"></span>ate f<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ns is e<span class=\"_ _5\"></span>limi<span class=\"_ _5\"></span>nate<span class=\"_ _5\"></span>d. A<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>n inc<span class=\"_ _5\"></span>rea<span class=\"_ _5\"></span>se o<span class=\"_ _5\"></span>f EUR<span class=\"_ _5\"></span>IB<span class=\"_ _5\"></span>OR wi<span class=\"_ _5\"></span>th 5<span class=\"_ _5\"></span>0 ba<span class=\"_ _5\"></span>se p<span class=\"_ _5\"></span>oin<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s at clo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g dat<span class=\"_ _5\"></span>e (ass<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>d tha<span class=\"_ _5\"></span>t und<span class=\"_ _5\"></span>erl<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>ing f<span class=\"_ _5\"></span>ig<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>s rem<span class=\"_ _5\"></span>ain s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar), w<span class=\"_ _5\"></span>ill no<span class=\"_ _5\"></span>t have a<span class=\"_ _5\"></span>n imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es in the i<span class=\"_ _5\"></span>nco<span class=\"_ _5\"></span>me s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>. In 2021 as a re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he hi<span class=\"_ _5\"></span>gh ra<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>o of he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>ed f<span class=\"_ _5\"></span>ina<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>al ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s u<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d, s<span class=\"_ _5\"></span>uch i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>he EU<span class=\"_ _5\"></span>RIB<span class=\"_ _5\"></span>OR c<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d have ha<span class=\"_ _5\"></span>d onl<span class=\"_ _5\"></span>y a min<span class=\"_ _5\"></span>or im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of 39 th<span class=\"_ _5\"></span>ou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd EUR<span class=\"_ _5\"></span>.Result<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndResult<span class=\"ls3 ws3\"> </span>(- is de<span class=\"_ _5\"></span>bi<span class=\"_ _5\"></span>t/+ is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of  calculation +50<span class=\"_ _8\"></span> bpcalculation -50<span class=\"_ _3\"></span> bpNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _12e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls1a6 ws1cd\">+3<span class=\"_ _5\"></span>9</span></span>Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _255\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1e6\"> </span>-</span>(*) e<span class=\"_ _5\"></span>xcl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndThe G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up do<span class=\"_ _5\"></span>es n<span class=\"_ _5\"></span>ot ma<span class=\"_ _5\"></span>int<span class=\"_ _5\"></span>ain a <span class=\"ff73 ls1ba ws1df\">he<span class=\"_ _5\"></span>dging ratio</span><span class=\"lsb1 wsbe\"> as<span class=\"_ _3\"></span> an instruction as such, although<span class=\"_ _3\"></span> the hedge ratio is<span class=\"_ _8\"></span> kept as high<span class=\"_ _8\"></span> as pos<span class=\"_ _5\"></span>sible. However<span class=\"_ _3\"></span> </span>as sh<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>n abo<span class=\"_ _5\"></span>ve, f<span class=\"_ _5\"></span>or in<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk t<span class=\"_ _5\"></span>he he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng r<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>o (almo<span class=\"_ _5\"></span>st) e<span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>ls 100%<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e fu<span class=\"_ _5\"></span>ndin<span class=\"_ _5\"></span>g ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>th r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ful<span class=\"_ _5\"></span>ly ow<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d subsidiar<span class=\"_ _5\"></span>ies is full<span class=\"_ _5\"></span>y centralis<span class=\"_ _5\"></span>ed at <span class=\"ls170 ws185\">DEME<span class=\"lsb1 wsbe\"> Coordin<span class=\"_ _3\"></span>ation Center<span class=\"_ _8\"></span> N<span class=\"_ _5\"></span>V<span class=\"_ _8\"></span>. <span class=\"ls170 ws185\">DEME<span class=\"_ _3\"></span><span class=\"ls3 ws3\"> Coo<span class=\"_ _5\"></span>rdi<span class=\"_ _5\"></span>nat<span class=\"_ _5\"></span>ion C<span class=\"_ _5\"></span>ente<span class=\"_ _5\"></span>r NV h<span class=\"_ _5\"></span>as ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t lo<span class=\"_ _5\"></span>ng- t<span class=\"_ _5\"></span>erm l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns f<span class=\"_ _5\"></span>rom </span></span></span></span>various banks at floating rates. The c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>h fl<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>ch<span class=\"_ _5\"></span>eme<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t are h<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d by me<span class=\"_ _5\"></span>ans o<span class=\"_ _5\"></span>f IR<span class=\"_ _5\"></span>Ss ar<span class=\"_ _5\"></span>e on<span class=\"_ _5\"></span>e on on<span class=\"_ _5\"></span>e id<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>ica<span class=\"_ _5\"></span>l to th<span class=\"_ _5\"></span>e ca<span class=\"_ _5\"></span>shf<span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>ow s<span class=\"_ _5\"></span>che<span class=\"_ _5\"></span>mes r<span class=\"_ _5\"></span>ep<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>tin<span class=\"_ _5\"></span>g eac<span class=\"_ _5\"></span>h indi<span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>idua<span class=\"_ _5\"></span>l lo<span class=\"_ _5\"></span>an con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n <span class=\"ff73 ls158 ws16e\">in-ef<span class=\"_ _5\"></span>fectiveness</span> occur<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e is b<span class=\"_ _5\"></span>ein<span class=\"_ _5\"></span>g ame<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>d acc<span class=\"_ _5\"></span>ord<span class=\"_ _5\"></span>ingl<span class=\"_ _5\"></span>y. When l<span class=\"_ _5\"></span>oa<span class=\"_ _5\"></span>ns ar<span class=\"_ _5\"></span>e ta<span class=\"_ _5\"></span>ken ou<span class=\"_ _5\"></span>t on a jo<span class=\"_ _5\"></span>int venture<span class=\"_ _3\"></span> level, DEME<span class=\"_ _8\"></span> dep<span class=\"_ _5\"></span>ends on<span class=\"_ _3\"></span> the partner for hedging decisions.So<span class=\"_ _5\"></span>me o<span class=\"_ _5\"></span>f the m<span class=\"_ _5\"></span>ain e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t have b<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>n us<span class=\"_ _5\"></span>ed to c<span class=\"_ _5\"></span>onve<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nan<span class=\"_ _5\"></span>cial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>:Currency rates<span class=\"_ _8\"></span> from foreign currency to<span class=\"_ _8\"></span> EURDe<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mb<span class=\"_ _5\"></span>er 31, 20<span class=\"_ _5\"></span>22<span class=\"_ _7a\"> </span>D<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>em<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31, 2021Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge Closing Ave<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ge raterateraterateAED<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>45<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>576<span class=\"_ _1dc\"> </span><span class=\"ls79 ws87\">0<span class=\"_ _5\"></span>.2<span class=\"_ _5\"></span>395<span class=\"_ _1dc\"> </span><span class=\"lsb wsc\">0.<span class=\"_ _5\"></span>23<span class=\"_ _5\"></span>03</span></span></span></span>AOA<span class=\"_ _1e9\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>019<span class=\"_ _1e5\"> </span><span class=\"ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>16<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>014</span></span>AUD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7b ws89\">0.636<span class=\"_ _5\"></span>6<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>570<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.638<span class=\"_ _5\"></span>6<span class=\"_ _143\"> </span><span class=\"ls4b ws53\">0<span class=\"_ _5\"></span>.6333</span></span>BRL<span class=\"_ _ad\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>9<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>0</span>CAD<span class=\"_ _1e9\"> </span><span class=\"ff71 ls19 ws16\">0.6896<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.7<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.6963<span class=\"_ _143\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _5\"></span>3</span></span>CNY<span class=\"_ _28d\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _7\"></span>.13<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _ac\"> </span><span class=\"ls8b ws99\">0<span class=\"_ _4\"></span>.1313</span></span>EGP<span class=\"_ _28d\"> </span><span class=\"ff71 ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0378<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>498<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.05<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span>0.<span class=\"_ _5\"></span>054<span class=\"_ _5\"></span>0</span></span></span>HKD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls77 ws85\">0<span class=\"_ _4\"></span>.11<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _b0\"> </span>0<span class=\"_ _4\"></span>.1<span class=\"_ _5\"></span>12<span class=\"_ _4\"></span>8<span class=\"_ _ac\"> </span>0<span class=\"_ _7\"></span>.1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>8</span>INR<span class=\"_ _143\"> </span><span class=\"ff71 ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>113<span class=\"_ _2b1\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.0121<span class=\"_ _1e5\"> </span></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span>JPY<span class=\"_ _28d\"> </span><span class=\"ff71 ls3f ws67\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>071<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>073<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>076<span class=\"_ _1e5\"> </span></span>0.0<span class=\"_ _5\"></span>07<span class=\"_ _5\"></span>7</span>MXN<span class=\"_ _1ed\"> </span><span class=\"ff71 ls37 ws83\">0.04<span class=\"_ _5\"></span>80<span class=\"_ _143\"> </span><span class=\"ls75 ws82\">0.<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>472<span class=\"_ _1dc\"> </span><span class=\"ls82 ws90\">0.<span class=\"_ _5\"></span>0429<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>415</span></span></span></span>MYR<span class=\"_ _289\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>4<span class=\"_ _1e0\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>157<span class=\"_ _2b1\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _5\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>113<span class=\"_ _1e5\"> </span><span class=\"ls16 ws1d\">0.2048</span></span></span></span>NGN<span class=\"_ _289\"> </span><span class=\"ff71 ls12 ws17\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021<span class=\"_ _1dc\"> </span><span class=\"ls58 ws61\">0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>022<span class=\"_ _143\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>00<span class=\"_ _5\"></span>21<span class=\"_ _1dc\"> </span>0.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>021</span>OMR<span class=\"_ _1f9\"> </span><span class=\"ff71 ls36 ws3d\">2.428<span class=\"_ _5\"></span>9<span class=\"_ _143\"> </span><span class=\"ls7a ws88\">2.<span class=\"_ _5\"></span>45<span class=\"_ _5\"></span>87<span class=\"_ _143\"> </span></span>2.<span class=\"_ _5\"></span>2866<span class=\"_ _1e5\"> </span><span class=\"ls77 ws85\">2<span class=\"_ _5\"></span>.1<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>3</span></span>PGK<span class=\"_ _1e9\"> </span><span class=\"ff71 ls37 ws83\">0.2584<span class=\"_ _1dc\"> </span><span class=\"ls1b ws24\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>15<span class=\"_ _1e5\"> </span><span class=\"lsa wsb\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>24<span class=\"_ _5\"></span>32<span class=\"_ _1dc\"> </span><span class=\"ls7b ws89\">0.<span class=\"_ _5\"></span>234<span class=\"_ _5\"></span>8</span></span></span></span>PHP<span class=\"_ _234\"> </span><span class=\"ff71 ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>016<span class=\"_ _4\"></span>8<span class=\"_ _1e0\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>174<span class=\"_ _2b1\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>3<span class=\"_ _1e0\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>17<span class=\"_ _5\"></span>2</span></span>PLN<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span>5<span class=\"_ _1e5\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _4\"></span>9<span class=\"_ _1e5\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>18<span class=\"_ _5\"></span>2<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>193</span></span></span>QAR<span class=\"_ _1e9\"> </span><span class=\"ff71 ls7a ws88\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>49<span class=\"_ _1dc\"> </span><span class=\"ls1c ws26\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>25<span class=\"_ _5\"></span>92<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>2416<span class=\"_ _1e0\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>16</span></span></span>RUB<span class=\"_ _234\"> </span><span class=\"ff71 ls80 ws8e\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>12<span class=\"_ _5\"></span>9<span class=\"_ _1e0\"> </span><span class=\"ls56 ws5e\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>143<span class=\"_ _1e0\"> </span><span class=\"ls76 ws84\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>11<span class=\"_ _5\"></span>8<span class=\"_ _2b1\"> </span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>115</span></span></span>SGD<span class=\"_ _1f1\"> </span><span class=\"ff71 ls8b ws99\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>74<span class=\"_ _1e5\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.6<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>76<span class=\"_ _1dc\"> </span><span class=\"ls12 ws17\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>6521<span class=\"_ _1dc\"> </span><span class=\"ls19 ws16\">0.6305</span></span></span></span>TWD<span class=\"_ _1f9\"> </span><span class=\"ff71 lsb wsc\">0.03<span class=\"_ _5\"></span>06<span class=\"_ _1e5\"> </span><span class=\"ls55 ws5d\">0.<span class=\"_ _4\"></span>03<span class=\"_ _5\"></span>19<span class=\"_ _1e5\"> </span><span class=\"ls89 ws97\">0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>17<span class=\"_ _1e5\"> </span></span></span>0<span class=\"_ _5\"></span>.03<span class=\"_ _5\"></span>04</span>UAH<span class=\"_ _1e9\"> </span><span class=\"ff71 ls6b ws78\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>53<span class=\"_ _143\"> </span><span class=\"ls58 ws61\">0<span class=\"_ _5\"></span>.02<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"lsb wsc\">0<span class=\"_ _5\"></span>.032<span class=\"_ _5\"></span>3<span class=\"_ _1dc\"> </span><span class=\"ls75 ws82\">0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>0310</span></span></span></span>USD<span class=\"_ _1e9\"> </span><span class=\"ff71 lsd9 wse4\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span><span class=\"ls84 ws92\">0<span class=\"_ _5\"></span>.94<span class=\"_ _5\"></span>62<span class=\"_ _143\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>87<span class=\"_ _5\"></span>97<span class=\"_ _1dc\"> </span><span class=\"ls7a ws88\">0<span class=\"_ _5\"></span>.8<span class=\"_ _5\"></span>459</span></span></span></span>UYU<span class=\"_ _289\"> </span><span class=\"ff71 ls58 ws61\">0.<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span>4<span class=\"_ _143\"> </span>0<span class=\"_ _5\"></span>.023<span class=\"_ _5\"></span>0<span class=\"_ _1dc\"> </span><span class=\"ls55 ws5d\">0<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>019<span class=\"_ _5\"></span>7<span class=\"_ _1e5\"> </span>0<span class=\"_ _5\"></span>.<span class=\"_ _4\"></span>019<span class=\"_ _5\"></span>5</span></span>ZAR<span class=\"_ _234\"> </span><span class=\"ff71 ls79 ws87\">0.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls7f ws8d\">0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>577<span class=\"_ _1dc\"> </span></span>0<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>0550<span class=\"_ _1dc\"> </span><span class=\"ls57 ws60\">0.<span class=\"_ _5\"></span>0569</span></span>TRANSA<span class=\"_ _3\"></span>CTIONAL<span class=\"_ _3\"></span> CURRE<span class=\"_ _3\"></span>NCY RIS<span class=\"_ _3\"></span>KBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1The g<span class=\"_ _5\"></span>lob<span class=\"_ _5\"></span>al na<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e of DE<span class=\"_ _5\"></span>ME\u2019s ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t pay<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s mad<span class=\"_ _5\"></span>e fur<span class=\"_ _4\"></span>th<span class=\"_ _5\"></span>er to co<span class=\"_ _5\"></span>ntr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s may b<span class=\"_ _5\"></span>e in a v<span class=\"_ _5\"></span>ari<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>y o<span class=\"_ _5\"></span>f cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, thus ex<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g DEM<span class=\"_ _5\"></span>E to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Si<span class=\"_ _5\"></span>mila<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>y, purcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d ex<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>ndi<span class=\"_ _5\"></span>tur<span class=\"_ _5\"></span>e in fo<span class=\"_ _5\"></span>rei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es al<span class=\"_ _5\"></span>so g<span class=\"_ _5\"></span>ive r<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>e to e<span class=\"_ _5\"></span>xchan<span class=\"_ _5\"></span>ge r<span class=\"_ _5\"></span>ate r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Mo<span class=\"_ _5\"></span>st o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup<span class=\"_ _5\"></span>\u2019s purc<span class=\"_ _5\"></span>has<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s are t<span class=\"_ _5\"></span>y<span class=\"_ _5\"></span>pic<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>y tr<span class=\"_ _5\"></span>ans<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d in eu<span class=\"_ _5\"></span>ro or U<span class=\"_ _5\"></span>.<span class=\"_ _5\"></span>S. d<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ar<span class=\"_ _3\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup w<span class=\"_ _5\"></span>ill f<span class=\"_ _5\"></span>ace a r<span class=\"_ _5\"></span>isk o<span class=\"_ _5\"></span>f exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te fl<span class=\"_ _5\"></span>uc<span class=\"_ _5\"></span>tua<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n wh<span class=\"_ _5\"></span>en th<span class=\"_ _5\"></span>e sa<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>s are m<span class=\"_ _5\"></span>ade i<span class=\"_ _5\"></span>n a dif<span class=\"_ _4\"></span>fer<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy t<span class=\"_ _5\"></span>han t<span class=\"_ _5\"></span>he pu<span class=\"_ _5\"></span>rcha<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>. DEM<span class=\"_ _5\"></span>E may b<span class=\"_ _5\"></span>e unab<span class=\"_ _5\"></span>le to p<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>ong i<span class=\"_ _5\"></span>ncr<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d cos<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to its cus<span class=\"_ _5\"></span>tomers<span class=\"_ _5\"></span>.-  <span class=\"_ _203\"></span><span class=\"ff73 ls1ba ws1df\">Financing &amp;<span class=\"_ _3\"></span> Investing: <span class=\"ff70 lsb1 wsbe\">DEME\u2019<span class=\"_ _8\"></span>s transac<span class=\"_ _5\"></span>tional currency risk reg<span class=\"_ _3\"></span>arding financing<span class=\"_ _8\"></span> and investing activi<span class=\"_ _5\"></span>ties could a<span class=\"_ _3\"></span>rise from </span></span>financial loans de<span class=\"_ _3\"></span>nominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Th<span class=\"_ _5\"></span>e\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cin<span class=\"_ _5\"></span>g\ue603tra<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cy<span class=\"_ _5\"></span>\ue603ris<span class=\"_ _5\"></span>k\ue603can\ue603b<span class=\"_ _5\"></span>e\ue603co<span class=\"_ _5\"></span>nsi<span class=\"_ _5\"></span>der<span class=\"_ _5\"></span>ed\ue603t<span class=\"_ _5\"></span>o\ue603be\ue603ni<span class=\"_ _5\"></span>l\ue603for\ue603t<span class=\"_ _5\"></span>he\ue603o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tan<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g\ue603lo<span class=\"_ _5\"></span>ng-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m\ue603deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603(wi<span class=\"_ _5\"></span>tho<span class=\"_ _5\"></span>ut\ue603con<span class=\"_ _5\"></span>sid<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>ng l<span class=\"_ _5\"></span>eas<span class=\"_ _5\"></span>e de<span class=\"_ _5\"></span>bt<span class=\"_ _5\"></span>s wh<span class=\"_ _5\"></span>ich a<span class=\"_ _5\"></span>re mai<span class=\"_ _5\"></span>nly i<span class=\"_ _5\"></span>n eur<span class=\"_ _5\"></span>o).\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Lo<span class=\"_ _5\"></span>ng<span class=\"_ _5\"></span>-ter<span class=\"_ _5\"></span>m\ue603lo<span class=\"_ _5\"></span>ans\ue603gi<span class=\"_ _5\"></span>ven\ue603t<span class=\"_ _5\"></span>o\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603(re<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>ded\ue603a<span class=\"_ _5\"></span>s\ue603ot<span class=\"_ _5\"></span>her\ue603n<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t\ue603f<span class=\"_ _5\"></span>inan<span class=\"_ _5\"></span>cial\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ts\ue603n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>e\ue603(8)<span class=\"_ _8\"></span>)\ue603a<span class=\"_ _5\"></span>re\ue603mai<span class=\"_ _5\"></span>nly\ue603i<span class=\"_ _5\"></span>n\ue603euro, mi<span class=\"_ _3\"></span>nimising<span class=\"_ _3\"></span> the exposure on transactional currency risk.\ue603<span class=\"_ _16\"> </span>\u2022\u2002\ue603<span class=\"_ _0\"></span>Ca<span class=\"_ _5\"></span>pi<span class=\"_ _5\"></span>tal\ue603f<span class=\"_ _5\"></span>un<span class=\"_ _5\"></span>ding\ue603i<span class=\"_ _5\"></span>n\ue603euro\ue603i<span class=\"_ _5\"></span>n\ue603joi<span class=\"_ _5\"></span>nt\ue603ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>es\ue603&amp;\ue603a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>s\ue603de<span class=\"_ _5\"></span>nom<span class=\"_ _5\"></span>inat<span class=\"_ _5\"></span>ed\ue603in\ue603o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er\ue603cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nci<span class=\"_ _5\"></span>es\ue603(c<span class=\"_ _5\"></span>fr.\ue603CDWE\ue603T<span class=\"_ _2\"></span>ai<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>n\ue603Ltd)\ue603is\ue603s<span class=\"_ _5\"></span>ubj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603translational cu<span class=\"_ _3\"></span>rrency risk as described above.(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)2022<span class=\"_ _3d\"> </span><span class=\"ls73 ws80\">20<span class=\"_ _5\"></span>21</span>EUR<span class=\"_ _2cf\"> </span><span class=\"ls55 ws5d\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"lsb wsc\">723<span class=\"_ _5\"></span>,4<span class=\"_ _5\"></span>67 </span></span>USD<span class=\"_ _2d0\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _120\"> </span>-</span>Oth<span class=\"_ _5\"></span>er currencies<span class=\"_ _26a\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _2d1\"> </span>-</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _5\"></span>al long-<span class=\"_ _8\"></span>term debt<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>*)<span class=\"_ _2d2\"> </span><span class=\"ls69 ws75\">9<span class=\"_ _5\"></span>41,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>32<span class=\"_ _5\"></span> <span class=\"_ _179\"> </span><span class=\"ls67 ws72\">723<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>46<span class=\"_ _5\"></span>7 </span></span>(*) L<span class=\"_ _5\"></span>ea<span class=\"_ _5\"></span>se l<span class=\"_ _5\"></span>iab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s are n<span class=\"_ _5\"></span>ot i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>. T<span class=\"_ _3\"></span>ot<span class=\"_ _5\"></span>al l<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>g-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s al<span class=\"_ _5\"></span>so i<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>es t<span class=\"_ _5\"></span>he c<span class=\"_ _5\"></span>ur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t p<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>n of t<span class=\"_ _5\"></span>he l<span class=\"_ _5\"></span>ong<span class=\"_ _5\"></span>-t<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>m deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (no<span class=\"_ _5\"></span>te (18)<span class=\"_ _3\"></span>).-<span class=\"_ _2cc\"> </span><span class=\"ff79 ls116 ws9d\">Operational activitie<span class=\"_ _5\"></span>s:</span><span class=\"lsb1 wsbe\"> Given the<span class=\"_ _3\"></span> international<span class=\"_ _3\"></span> character of its business operations and<span class=\"_ _3\"></span> the execution of<span class=\"_ _3\"></span> contract<span class=\"_ _5\"></span>s in foreig<span class=\"_ _3\"></span>n</span>cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, DEME is e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y ris<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. DEME<span class=\"_ _5\"></span>\u2019s tran<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>eign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk a<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>s fr<span class=\"_ _5\"></span>om co<span class=\"_ _5\"></span>mme<span class=\"_ _5\"></span>rcia<span class=\"_ _5\"></span>l f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s denominated i<span class=\"_ _3\"></span>n currencies other<span class=\"_ _8\"></span> than the euro.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>I<span class=\"_ _5\"></span>n\ue6032022,\ue60379%\ue603of\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\u2019s\ue603tur<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>ver\ue603wa<span class=\"_ _5\"></span>s\ue603con<span class=\"_ _5\"></span>tr<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d\ue603in\ue603EUR\ue603f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ed\ue603by\ue603US<span class=\"_ _5\"></span>D,\ue603SG<span class=\"_ _5\"></span>D,\ue603IN<span class=\"_ _5\"></span>R<span class=\"_ _5\"></span>,\ue603GBP<span class=\"_ _8\"></span>,\ue603D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>,\ue603B<span class=\"_ _5\"></span>RL\ue603a<span class=\"_ _5\"></span>nd\ue603U<span class=\"_ _5\"></span>YU<span class=\"_ _5\"></span>.\ue603In\ue6032021\ue603this\ue603was 62<span class=\"_ _5\"></span>% in EUR<span class=\"_ _5\"></span>, f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>owe<span class=\"_ _5\"></span>d by US<span class=\"_ _5\"></span>D, GBP<span class=\"_ _8\"></span>, D<span class=\"_ _5\"></span>KK<span class=\"_ _5\"></span>, R<span class=\"_ _5\"></span>UB<span class=\"_ _5\"></span>, PL<span class=\"_ _5\"></span>N, S<span class=\"_ _5\"></span>GD, U<span class=\"_ _5\"></span>Y<span class=\"_ _5\"></span>U and I<span class=\"_ _5\"></span>NR<span class=\"_ _5\"></span>.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up\u2019s\ue603e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ens<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>s\ue603are\ue603m<span class=\"_ _5\"></span>ainl<span class=\"_ _5\"></span>y\ue603in\ue603eu<span class=\"_ _5\"></span>ro.\ue603T<span class=\"_ _8\"></span>o\ue603a\ue603l<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>r\ue603ex<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ent\ue603c<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s\ue603are\ue603c<span class=\"_ _5\"></span>har<span class=\"_ _5\"></span>ged<span class=\"_ _5\"></span>\ue603in\ue603a\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603no<span class=\"_ _5\"></span>t\ue603equa<span class=\"_ _5\"></span>l\ue603to\ue603th<span class=\"_ _5\"></span>e\ue603eur<span class=\"_ _5\"></span>o\ue603or\ue603in\ue603t<span class=\"_ _5\"></span>he\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y of a co<span class=\"_ _5\"></span>unt<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y in w<span class=\"_ _5\"></span>hich o<span class=\"_ _5\"></span>ur ac<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>ies a<span class=\"_ _5\"></span>re p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d.\ue603<span class=\"_ _16\"> </span>\u2022<span class=\"_ _170\"> </span>\ue603<span class=\"_ _0\"></span>T<span class=\"_ _5\"></span>he\ue603r<span class=\"_ _5\"></span>esi<span class=\"_ _5\"></span>dua<span class=\"_ _5\"></span>l\ue603for<span class=\"_ _5\"></span>eig<span class=\"_ _5\"></span>n\ue603cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y\ue603ris<span class=\"_ _5\"></span>k\ue603is\ue603as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d\ue603on\ue603a\ue603c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>-by<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>cas<span class=\"_ _5\"></span>e\ue603b<span class=\"_ _5\"></span>asi<span class=\"_ _5\"></span>s\ue603and<span class=\"_ _5\"></span>,\ue603if\ue603n<span class=\"_ _5\"></span>ece<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y,\ue603DEME\ue603us<span class=\"_ _5\"></span>es\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>war<span class=\"_ _5\"></span>d\ue603exc<span class=\"_ _5\"></span>hang<span class=\"_ _5\"></span>e\ue603contract<span class=\"_ _5\"></span>s to hedge<span class=\"_ _3\"></span> its residual foreign<span class=\"_ _3\"></span> currency risk on projected net comme<span class=\"_ _3\"></span>rcial flows denominat<span class=\"_ _3\"></span>ed in cu<span class=\"_ _3\"></span>rrencies other than<span class=\"_ _8\"></span> the euro. The<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>air value<span class=\"_ _8\"></span> variation of exchange rate<span class=\"_ _8\"></span> ins<span class=\"_ _5\"></span>truments is considered as<span class=\"_ _8\"></span> cons<span class=\"_ _5\"></span>truction cos<span class=\"_ _5\"></span>ts<span class=\"_ _5\"></span>. This<span class=\"_ _3\"></span> variation is presentedas an operating<span class=\"_ _8\"></span> r<span class=\"_ _5\"></span>esult.-<span class=\"_ _2cc\"> </span>Exc<span class=\"_ _5\"></span>han<span class=\"_ _5\"></span>ge ra<span class=\"_ _5\"></span>te r<span class=\"_ _5\"></span>isk f<span class=\"_ _5\"></span>or la<span class=\"_ _5\"></span>rge p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d lar<span class=\"_ _5\"></span>ge inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s ar<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d as m<span class=\"_ _5\"></span>uch a<span class=\"_ _5\"></span>s po<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ibl<span class=\"_ _5\"></span>e, al<span class=\"_ _5\"></span>so f<span class=\"_ _5\"></span>or sm<span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>er vol<span class=\"_ _5\"></span>ume<span class=\"_ _5\"></span>s he<span class=\"_ _5\"></span>dgi<span class=\"_ _5\"></span>ng is take<span class=\"_ _5\"></span>n out i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>. W<span class=\"_ _5\"></span>hen <span class=\"ff79 ls158 ws16e\">in-<span class=\"_ _5\"></span>effec<span class=\"_ _5\"></span>tiveness<span class=\"_ _8\"></span> <span class=\"ff78 ls3 ws3\">o<span class=\"_ _5\"></span>ccu<span class=\"_ _5\"></span>rs d<span class=\"_ _5\"></span>ue to t<span class=\"_ _5\"></span>imin<span class=\"_ _5\"></span>g mism<span class=\"_ _5\"></span>atc<span class=\"_ _5\"></span>hes<span class=\"_ _5\"></span>, t<span class=\"_ _5\"></span>he F<span class=\"_ _5\"></span>X-trad<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>re be<span class=\"_ _5\"></span>ing r<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o the f<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>ure<span class=\"_ _5\"></span>. </span></span>In<span class=\"_ _5\"></span>-e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ven<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s in te<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>s of vo<span class=\"_ _5\"></span>lum<span class=\"_ _5\"></span>es is i<span class=\"_ _5\"></span>n mo<span class=\"_ _5\"></span>st c<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>es a<span class=\"_ _5\"></span>n und<span class=\"_ _5\"></span>erh<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>. Whe<span class=\"_ _5\"></span>n over<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>e occ<span class=\"_ _5\"></span>urs d<span class=\"_ _5\"></span>ue to u<span class=\"_ _5\"></span>nde<span class=\"_ _5\"></span>rl<span class=\"_ _5\"></span>yin<span class=\"_ _5\"></span>g f<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>w bei<span class=\"_ _5\"></span>ng can<span class=\"_ _5\"></span>cell<span class=\"_ _5\"></span>ed o<span class=\"_ _5\"></span>r be<span class=\"_ _5\"></span>ing p<span class=\"_ _5\"></span>aid i<span class=\"_ _5\"></span>n oth<span class=\"_ _5\"></span>er cu<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y th<span class=\"_ _5\"></span>an th<span class=\"_ _5\"></span>e he<span class=\"_ _5\"></span>dge<span class=\"_ _5\"></span>d cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y, the he<span class=\"_ _5\"></span>dge w<span class=\"_ _5\"></span>ill b<span class=\"_ _5\"></span>e ame<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>ed ac<span class=\"_ _5\"></span>cor<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>gly.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>les d<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>clo<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e the f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e and t<span class=\"_ _5\"></span>he no<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>ona<span class=\"_ _5\"></span>l amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f exch<span class=\"_ _5\"></span>ang<span class=\"_ _5\"></span>e ra<span class=\"_ _5\"></span>te ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s (f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>x he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es) is<span class=\"_ _5\"></span>su<span class=\"_ _5\"></span>ed (fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd sa<span class=\"_ _5\"></span>les/pu<span class=\"_ _5\"></span>rch<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e agr<span class=\"_ _5\"></span>eem<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s) (<span class=\"_ _3\"></span>+ is as<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et / - is l<span class=\"_ _5\"></span>iabi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff7c lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueForex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff7c ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2022(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>463 <span class=\"_ _202\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>1,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>19<span class=\"_ _5\"></span> <span class=\"_ _7c\"> </span>-<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,75<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span>-118<span class=\"_ _5\"></span>,11<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1df\"> </span><span class=\"ls7e ws8c\">1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>4<span class=\"_\"> </span>8<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _73\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>73<span class=\"_ _5\"></span> </span></span>GBP<span class=\"_ _fb\"> </span>-91<span class=\"_ _166\"> </span>17<span class=\"_ _5\"></span>7<span class=\"_ _2b\"> </span><span class=\"ls3 ws3\">8<span class=\"_ _5\"></span>6 <span class=\"_ _a9\"> </span><span class=\"ls7a ws88\">-<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _95\"> </span></span>5,<span class=\"_ _5\"></span>40<span class=\"_ _5\"></span>0 <span class=\"_ _91\"> </span><span class=\"ls1e ws28\">-1,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span> </span></span>AED<span class=\"_ _2d3\"> </span>-<span class=\"_ _40\"> </span>3 <span class=\"_ _39\"> </span>3 <span class=\"_ _41\"> </span>-<span class=\"_ _ce\"> </span><span class=\"ls147 ws157\">7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>41<span class=\"_ _4\"></span> <span class=\"_ _245\"> </span>7,<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span> </span>AUD<span class=\"_ _221\"> </span><span class=\"ls3 ws3\">8 <span class=\"_ _41\"> </span>-<span class=\"_ _40\"> </span>8 <span class=\"_ _1e\"> </span>-5,407 <span class=\"_ _41\"> </span>-<span class=\"_ _91\"> </span>-5,4<span class=\"_ _5\"></span>07 </span>INR<span class=\"_ _124\"> </span>-<span class=\"_ _166\"> </span><span class=\"ls76 ws84\">113<span class=\"_ _1d9\"> </span>113<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _235\"> </span><span class=\"ls33 ws3c\">505,<span class=\"_ _3\"></span>000<span class=\"_ _235\"> </span>50<span class=\"_ _8\"></span>5,000 </span>SEK<span class=\"_ _1c2\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _55\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span> </span></span>DKK<span class=\"_ _293\"> </span>1<span class=\"_ _5e\"> </span>-<span class=\"_ _1b7\"> </span>1 <span class=\"_ _cc\"> </span>-8,<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>80 <span class=\"_ _96\"> </span><span class=\"ls78 ws86\">1,<span class=\"_ _4\"></span>275<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls57 ws60\">-<span class=\"_ _5\"></span>6,9<span class=\"_ _5\"></span>05 </span></span>SGD<span class=\"_ _25c\"> </span>-580<span class=\"_ _5e\"> </span>-<span class=\"_ _35\"> </span>-580 <span class=\"_ _15d\"> </span><span class=\"ls59 ws62\">-<span class=\"_ _8\"></span>105,3<span class=\"_ _8\"></span>39 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1ee\"> </span></span>-<span class=\"_ _8\"></span>105,339<span class=\"_ _3\"></span> </span>JPY<span class=\"_ _274\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _5e\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _15a\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _213\"> </span><span class=\"ls1e ws28\">-10<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> </span></span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-36<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>-3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>50,000 <span class=\"_ _93\"> </span>1<span class=\"_ _8\"></span>50,000<span class=\"_ _3\"></span> </span>NOK<span class=\"_ _fd\"> </span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _1d9\"> </span></span>-2<span class=\"_ _5\"></span>0 <span class=\"_ _7c\"> </span><span class=\"lsa wsb\">-24<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>45<span class=\"_ _184\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _15a\"> </span></span>-24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>5</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _18b\"> </span><span class=\"ls79 ws87\">-221 <span class=\"_ _235\"> </span></span>-<span class=\"_ _5\"></span>81,295 <span class=\"_ _7c\"> </span><span class=\"lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516<span class=\"_ _5\"></span> </span>Market value<span class=\"ls3 ws3\"> </span>Notional amount<span class=\"ls3 ws3\"> </span>2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>cy)Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Fo<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>rd Curr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>yForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountForward sale<span class=\"_ _1e3\"> </span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>tal amountpurchasepurchaseUSD<span class=\"_ _297\"> </span>5<span class=\"_ _5\"></span>61<span class=\"_ _5\"></span> <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>16 <span class=\"_ _202\"> </span>-32<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>55<span class=\"_ _5\"></span> <span class=\"_ _235\"> </span>-<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>,0<span class=\"_ _5\"></span>67 <span class=\"_ _ae\"> </span><span class=\"ls56 ws5e\">1,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _74\"> </span><span class=\"ls34 ws3e\">1<span class=\"_ _8\"></span>,266,683 </span></span>AUD<span class=\"_ _2d4\"> </span><span class=\"ls3 ws3\">-5 <span class=\"_ _41\"> </span>-<span class=\"_ _55\"> </span>-5 <span class=\"_ _cc\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _7f\"> </span><span class=\"ls49 ws51\">-7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _5\"></span> </span></span>PLN<span class=\"_ _f9\"> </span>70 <span class=\"_ _2b\"> </span>-6 <span class=\"_ _3d\"> </span>6<span class=\"_ _5\"></span>4 <span class=\"_ _15a\"> </span>-<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _164\"> </span><span class=\"lsa wsb\">24<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span> <span class=\"_ _1e7\"> </span><span class=\"ls7f ws8d\">-<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>578<span class=\"_ _5\"></span> </span></span>SGD<span class=\"_ _21c\"> </span>363 <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _86\"> </span></span>363 <span class=\"_ _7a\"> </span><span class=\"ls49 ws51\">-7<span class=\"_ _5\"></span>7,<span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span></span>-7<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> </span>JPY<span class=\"_ _103\"> </span>-1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span> <span class=\"_ _41\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _233\"> </span></span>-1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span> <span class=\"_ _78\"> </span><span class=\"ls33 ws3c\">-95,009<span class=\"_ _3\"></span> <span class=\"_ _40\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _8f\"> </span></span>-9<span class=\"_ _3\"></span>5,009<span class=\"_ _3\"></span> </span>EGP<span class=\"_ _1c2\"> </span>-<span class=\"_ _245\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _7f\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _7\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1df\"> </span><span class=\"ls34 ws3e\">1,2<span class=\"_ _3\"></span>2<span class=\"_ _8\"></span>4,090 <span class=\"_ _73\"> </span>1<span class=\"_ _8\"></span>,22<span class=\"_ _3\"></span>4,090 </span>DKK<span class=\"_ _298\"> </span>-<span class=\"_ _4b\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls1e ws28\">-19<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _258\"> </span><span class=\"ls19 ws16\">3,639 <span class=\"_ _202\"> </span></span>-15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span> </span>COP<span class=\"_ _1c2\"> </span>-<span class=\"_ _2b\"> </span><span class=\"ls55 ws5d\">19<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span>19<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _1e3\"> </span><span class=\"ls33 ws3c\">1<span class=\"_ _8\"></span>0,800,000 <span class=\"_ _ac\"> </span>10<span class=\"_ _3\"></span>,800,000<span class=\"_ _3\"></span> </span>GBP<span class=\"_ _17d\"> </span>-<span class=\"_ _2e\"> </span><span class=\"ls87 ws95\">-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _c0\"> </span>-3<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> <span class=\"_ _41\"> </span></span>-<span class=\"_ _a9\"> </span><span class=\"lsd9 wse4\">3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>93 <span class=\"_ _164\"> </span>3<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,9<span class=\"_ _5\"></span>93<span class=\"_ _5\"></span> </span>TWD<span class=\"_ _29d\"> </span>196<span class=\"_ _167\"> </span>-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _5\"></span> <span class=\"_ _23\"> </span><span class=\"ls3 ws3\">88 <span class=\"_ _41\"> </span>-<span class=\"_ _5e\"> </span>-<span class=\"_ _4b\"> </span>-</span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _127\"> </span><span class=\"ls8 ws8\">1<span class=\"_ _4\"></span>,17<span class=\"_ _4\"></span>3<span class=\"_ _8f\"> </span><span class=\"ls16 ws1d\">-<span class=\"_ _8\"></span>34,425<span class=\"_ _202\"> </span><span class=\"ls7f ws8d\">-3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span></span>SENSITIVITYBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1Sensitivi<span class=\"_ _5\"></span>ty to currency fluctuations is m<span class=\"_ _3\"></span>ainly relat<span class=\"_ _3\"></span>ed to the<span class=\"_ _3\"></span> evolution of a<span class=\"_ _8\"></span> p<span class=\"_ _5\"></span>ort<span class=\"_ _5\"></span>folio of foreign<span class=\"_ _3\"></span> currencies versus the<span class=\"_ _3\"></span> euro.The f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e of f<span class=\"_ _5\"></span>ore<span class=\"_ _5\"></span>ign c<span class=\"_ _5\"></span>urr<span class=\"_ _5\"></span>enc<span class=\"_ _5\"></span>y m<span class=\"_ _5\"></span>one<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>y it<span class=\"_ _5\"></span>ems i<span class=\"_ _5\"></span>s imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d by cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y f<span class=\"_ _5\"></span>luc<span class=\"_ _5\"></span>tu<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>. I<span class=\"_ _5\"></span>n ord<span class=\"_ _5\"></span>er to e<span class=\"_ _5\"></span>limin<span class=\"_ _5\"></span>ate m<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>se e<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s in for<span class=\"_ _5\"></span>ei<span class=\"_ _5\"></span>gn cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>cie<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up us<span class=\"_ _5\"></span>es m<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>y i<span class=\"_ _5\"></span>tems a<span class=\"_ _5\"></span>nd/or der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ive f<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>ial in<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tru<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s as de<span class=\"_ _5\"></span>sc<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>d abo<span class=\"_ _5\"></span>ve, w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h are m<span class=\"_ _5\"></span>ean<span class=\"_ _5\"></span>t to of<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>et t<span class=\"_ _5\"></span>he im<span class=\"_ _5\"></span>pac<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f su<span class=\"_ _5\"></span>ch re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s to a maj<span class=\"_ _5\"></span>or e<span class=\"_ _5\"></span>x<span class=\"_ _5\"></span>ten<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>.The f<span class=\"_ _5\"></span>oll<span class=\"_ _5\"></span>ow<span class=\"_ _5\"></span>ing a<span class=\"_ _5\"></span>nal<span class=\"_ _5\"></span>ys<span class=\"_ _5\"></span>is is p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>d sup<span class=\"_ _5\"></span>po<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g tha<span class=\"_ _5\"></span>t the a<span class=\"_ _5\"></span>mou<span class=\"_ _5\"></span>nt of f<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial a<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>s/<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>ili<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d der<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>s as at D<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>cemb<span class=\"_ _5\"></span>er 31<span class=\"_ _3\"></span>, 2022 and 2021 woul<span class=\"_ _5\"></span>d re<span class=\"_ _5\"></span>main s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>e over t<span class=\"_ _5\"></span>he ye<span class=\"_ _5\"></span>ar. A varia<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>n of 5% (appr<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>iat<span class=\"_ _5\"></span>ion o<span class=\"_ _5\"></span>f the EU<span class=\"_ _5\"></span>R) at c<span class=\"_ _5\"></span>lo<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>g date w<span class=\"_ _5\"></span>oul<span class=\"_ _5\"></span>d gi<span class=\"_ _5\"></span>ve an in<span class=\"_ _5\"></span>cre<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e or a dec<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>e in th<span class=\"_ _5\"></span>e bal<span class=\"_ _5\"></span>ance s<span class=\"_ _5\"></span>he<span class=\"_ _5\"></span>et i<span class=\"_ _5\"></span>tem<span class=\"_ _5\"></span>s as fo<span class=\"_ _5\"></span>llo<span class=\"_ _5\"></span>ws (ma<span class=\"_ _5\"></span>inl<span class=\"_ _5\"></span>y USD, EG<span class=\"_ _5\"></span>P<span class=\"_ _2\"></span>, G<span class=\"_ _5\"></span>BP<span class=\"_ _8\"></span>, S<span class=\"_ _5\"></span>GD):Balance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciation calculation- appreciation of 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>Rof 5% o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e EU<span class=\"_ _5\"></span>RNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _128\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _181\"> </span><span class=\"ls59 ws62\">+4,30<span class=\"_ _5\"></span>9<span class=\"_ _48\"> </span></span>-<span class=\"_ _8\"></span>3,899T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _2d5\"> </span><span class=\"lsb wsc\">+<span class=\"_ _2\"></span>11<span class=\"_ _3\"></span>,871<span class=\"_ _4b\"> </span>-<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>871</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndBalance sheet impact<span class=\"ls3 ws3\"> </span>(+ is deb<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>t/- is c<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>di<span class=\"_ _5\"></span>t)2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"fs3 ls3 ws3\"> </span>Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y Im<span class=\"_ _5\"></span>pa<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>si<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>iv<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y (in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)calculation- depreciati<span class=\"ls3 ws3\">-</span>calculation- appreciati<span class=\"ls3 ws3\">-</span>on o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URon o<span class=\"_ _5\"></span>f 5% of t<span class=\"_ _5\"></span>he E<span class=\"_ _5\"></span>URNon<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>curr<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>t inte<span class=\"_ _5\"></span>res<span class=\"_ _5\"></span>t-be<span class=\"_ _5\"></span>arin<span class=\"_ _5\"></span>g deb<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s (<span class=\"_ _3\"></span>+ cur<span class=\"_ _5\"></span>ren<span class=\"_ _5\"></span>t por<span class=\"_ _4\"></span>ti<span class=\"_ _5\"></span>on due i<span class=\"_ _5\"></span>n the ye<span class=\"_ _5\"></span>ar) af<span class=\"_ _4\"></span>ter h<span class=\"_ _5\"></span>edg<span class=\"_ _5\"></span>e acc<span class=\"_ _5\"></span>ount<span class=\"_ _5\"></span>ing<span class=\"_ _19e\"> </span>-<span class=\"_ _120\"> </span>-Net short-<span class=\"_ _3\"></span>term financial<span class=\"_ _3\"></span> debts (*) after hedge accounting<span class=\"_ _19c\"> </span><span class=\"ls5a ws63\">+2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>93<span class=\"_ _127\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>6</span></span>T<span class=\"_ _8\"></span>ran<span class=\"_ _5\"></span>sla<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>nal cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nc<span class=\"_ _5\"></span>y ri<span class=\"_ _5\"></span>sk on o<span class=\"_ _5\"></span>ut<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nding t<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>de r<span class=\"_ _5\"></span>ecei<span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>ble<span class=\"_ _5\"></span>s &amp; pay<span class=\"_ _5\"></span>abl<span class=\"_ _5\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls38 ws41\">+<span class=\"_ _6\"></span>18,894<span class=\"_ _1b7\"> </span>-<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>8,894</span>(*) i<span class=\"_ _5\"></span>ncl<span class=\"_ _5\"></span>ud<span class=\"_ _5\"></span>ing c<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>sh at b<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>k an<span class=\"_ _5\"></span>d in ha<span class=\"_ _5\"></span>ndSUM<span class=\"_ _5\"></span>MA<span class=\"_ _5\"></span>RIS<span class=\"_ _5\"></span>IN<span class=\"_ _5\"></span>G ALL FI<span class=\"_ _5\"></span>NA<span class=\"_ _5\"></span>NCIA<span class=\"_ _5\"></span>L IN<span class=\"_ _5\"></span>STRU<span class=\"_ _5\"></span>MEN<span class=\"_ _5\"></span>TS USE<span class=\"_ _5\"></span>D TO CO<span class=\"_ _8\"></span>V<span class=\"_ _5\"></span>ER MA<span class=\"_ _5\"></span>RK<span class=\"_ _5\"></span>ET RI<span class=\"_ _5\"></span>SKBal<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>e at De<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>mbe<span class=\"_ _5\"></span>r 31 (<span class=\"_ _2\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abi<span class=\"_ _5\"></span>lit<span class=\"_ _5\"></span>y)T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _8a\"> </span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _27\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _213\"> </span><span class=\"ls147 ws157\">17,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>8<span class=\"_ _27\"> </span></span>-<span class=\"_ _7a\"> </span><span class=\"ff72 ls5c ws65\">5<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,76<span class=\"_ _5\"></span>5</span></span>Forex hedges<span class=\"_ _19c\"> </span>68<span class=\"_ _93\"> </span>-<span class=\"_ _5\"></span>53<span class=\"_ _5\"></span>,6<span class=\"_ _5\"></span>61<span class=\"_ _91\"> </span>2,<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>81<span class=\"_ _93\"> </span><span class=\"ls19 ws16\">-30,404<span class=\"_ _93\"> </span><span class=\"ff72 lsd9 wse4\">-<span class=\"_ _5\"></span>81,<span class=\"_ _5\"></span>516</span></span>Fuel hedges<span class=\"_ _2a\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _1d\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _25c\"> </span>39,<span class=\"_ _5\"></span>336 <span class=\"_ _15f\"> </span><span class=\"lsb wsc\">-<span class=\"_ _5\"></span>53,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>61 <span class=\"_ _235\"> </span></span>22<span class=\"_ _5\"></span>,022 <span class=\"_ _af\"> </span><span class=\"ls7f ws8d\">-31,<span class=\"_ _5\"></span>57<span class=\"_ _5\"></span>9 <span class=\"_ _15f\"> </span><span class=\"ls79 ws87\">-23<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>81</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliability(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueInteres<span class=\"_ _5\"></span>t rate sw<span class=\"_ _5\"></span>aps<span class=\"_ _2d7\"> </span>-<span class=\"_ _14e\"> </span><span class=\"ls88 ws96\">-2,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>08<span class=\"_ _27\"> </span></span>-<span class=\"_ _169\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _213\"> </span><span class=\"ff72 ls10c ws17f\">-4,500</span></span>Forex hedges<span class=\"_ _20e\"> </span>11<span class=\"_ _5\"></span>4<span class=\"_ _152\"> </span>-2<span class=\"_ _8\"></span>4,260<span class=\"_ _91\"> </span>1,0<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _7c\"> </span><span class=\"ls7e ws8c\">-1<span class=\"_ _5\"></span>0<span class=\"_ _7\"></span>,1<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _152\"> </span><span class=\"ff72 ls7f ws8d\">-33<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>52</span></span>Fuel hedges<span class=\"_ _19c\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _4\"></span>,15<span class=\"_ _4\"></span>1<span class=\"_ _81\"> </span><span class=\"ls56 ws5e\">-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,3<span class=\"_ _5\"></span>37</span></span>Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _259\"> </span>614 <span class=\"_ _29b\"> </span>-2<span class=\"_ _3\"></span>6,868 <span class=\"_ _168\"> </span>3,<span class=\"_ _5\"></span>207 <span class=\"_ _af\"> </span><span class=\"ls1f ws2b\">-12<span class=\"_ _7\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _4\"></span> <span class=\"_ _af\"> </span><span class=\"ls3 ws3\">-35,41<span class=\"_ _8\"></span>5 </span></span>PRIC<span class=\"_ _5\"></span>E RIS<span class=\"_ _5\"></span>K<span class=\"_ _5\"></span>/<span class=\"_ _8\"></span>COMM<span class=\"_ _5\"></span>ODIT<span class=\"_ _4\"></span>Y RI<span class=\"_ _5\"></span>SKBalance at Decemb<span class=\"_ _5\"></span>er 3<span class=\"_ _3\"></span>1DEME i<span class=\"_ _5\"></span>s als<span class=\"_ _5\"></span>o e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>os<span class=\"_ _5\"></span>ed t<span class=\"_ _5\"></span>o com<span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>y r<span class=\"_ _5\"></span>isk<span class=\"_ _5\"></span>s a<span class=\"_ _5\"></span>nd he<span class=\"_ _5\"></span>dg<span class=\"_ _5\"></span>es ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>il pr<span class=\"_ _5\"></span>ice f<span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tuat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns by en<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g into f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>w<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d con<span class=\"_ _5\"></span>tra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s. T<span class=\"_ _5\"></span>he f<span class=\"_ _5\"></span>air v<span class=\"_ _5\"></span>alu<span class=\"_ _5\"></span>e variation of these instruments is considered<span class=\"_ _8\"></span> as constr<span class=\"_ _5\"></span>uction cost<span class=\"_ _5\"></span>s. This variation is<span class=\"_ _8\"></span> pre<span class=\"_ _5\"></span>sented as an<span class=\"_ _3\"></span> operating result. The fair<span class=\"_ _3\"></span> value and n<span class=\"_ _5\"></span>ot<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>al amo<span class=\"_ _5\"></span>unt o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>rum<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>s c<span class=\"_ _5\"></span>an b<span class=\"_ _5\"></span>e fou<span class=\"_ _5\"></span>nd b<span class=\"_ _5\"></span>elo<span class=\"_ _5\"></span>w (<span class=\"_ _8\"></span>+ i<span class=\"_ _5\"></span>s as<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>t / - is li<span class=\"_ _5\"></span>abil<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>y):T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2022<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _2d6\"> </span>141<span class=\"_ _27\"> </span>-<span class=\"_ _91\"> </span>1,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>03<span class=\"_ _1d\"> </span>-1<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _2e\"> </span><span class=\"ff72 ls18 ws20\">869<span class=\"_ _213\"> </span><span class=\"ls5a ws63\">18<span class=\"_ _4\"></span>,111</span></span>T<span class=\"_ _8\"></span>o<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>al n<span class=\"_ _5\"></span>et 2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>21<span class=\"_ _5\"></span><span class=\"ls3 ws3\"> </span>Non-current Non-current Notional Current<span class=\"_ _8\"></span> asse<span class=\"_ _5\"></span>t<span class=\"_ _10e\"> </span><span class=\"ls1b6 ws1db\">Cur<span class=\"_ _5\"></span>rent liability</span>balance<span class=\"ls3 ws3\"> </span>assetliabilityamount(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)fair valueFuel hedges<span class=\"_ _10b\"> </span>500<span class=\"_ _39\"> </span>-<span class=\"_ _163\"> </span>2<span class=\"_ _5\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>1<span class=\"_ _84\"> </span>-3<span class=\"_ _5\"></span>14<span class=\"_ _cc\"> </span><span class=\"ff72 ls4c ws5f\">2<span class=\"_ _5\"></span>,337<span class=\"_ _7a\"> </span><span class=\"lsd9 wse4\">16<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>92</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-304-2": {
   "value": "NOTE 22 \u2013 OTHER CURRENT LIABILITIESBalance at December 31(in thousands of EUR)2022 2021Other current taxes and value added tax (VAT) 35,716  38,160 Other amounts payable 45,540  34,770 Accruals and deferred income 8,726  5,801 Other current liabilities 89,982  78,731 Other amounts payable relate to other operating payables and to amounts due to joint ventures. The latter are also included in the amount disclosed in note (26) Related parties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-304-3": {
   "value": "NOTE 22 \u2013 OTHER CURRENT LIABILITIESBalance at December 31(in thousands of EUR)2022 2021Other current taxes and value added tax (VAT) 35,716  38,160 Other amounts payable 45,540  34,770 Accruals and deferred income 8,726  5,801 Other current liabilities 89,982  78,731 Other amounts payable relate to other operating payables and to amounts due to joint ventures. The latter are also included in the amount disclosed in note (26) Related parties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-304-4": {
   "value": "NOTE 22 \u2013 OTHER CURRENT LIABILITIESBalance at December 31(in thousands of EUR)2022 2021Other current taxes and value added tax (VAT) 35,716  38,160 Other amounts payable 45,540  34,770 Accruals and deferred income 8,726  5,801 Other current liabilities 89,982  78,731 Other amounts payable relate to other operating payables and to amounts due to joint ventures. The latter are also included in the amount disclosed in note (26) Related parties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-304-5": {
   "value": "NOTE 22 \u2013 OTHER CURRENT LIABILITIESBalance at December 31(in thousands of EUR)2022 2021Other current taxes and value added tax (VAT) 35,716  38,160 Other amounts payable 45,540  34,770 Accruals and deferred income 8,726  5,801 Other current liabilities 89,982  78,731 Other amounts payable relate to other operating payables and to amounts due to joint ventures. The latter are also included in the amount disclosed in note (26) Related parties.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-303-5": {
   "value": "NOTE 23 \u2013 P<span class=\"_ _5\"></span>ROVISI<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CONT<span class=\"_ _5\"></span>ING<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SCON<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESBa<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on at t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te on w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, we ar<span class=\"_ _5\"></span>e not aware of a<span class=\"_ _3\"></span>ny other<span class=\"_ _3\"></span> contingent assets or liabil<span class=\"_ _3\"></span>ities than the<span class=\"_ _3\"></span> one described below:-\ue603<span class=\"_ _a7\"> </span>Since\ue603201<span class=\"_ _3\"></span>8,\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>roup\ue603h<span class=\"_ _5\"></span>as\ue603b<span class=\"_ _5\"></span>een\ue603i<span class=\"_ _5\"></span>nvol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d\ue603in\ue603dis<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s\ue603wi<span class=\"_ _5\"></span>th\ue603R\ue716<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>sw<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aat\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds\ue603re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on\ue603by\ue603one o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the J<span class=\"_ _5\"></span>ulia<span class=\"_ _5\"></span>na Ca<span class=\"_ _5\"></span>nal w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>ning p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E can<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>t make a re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le asses<span class=\"_ _5\"></span>sment of the<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial c<span class=\"_ _3\"></span>onsequences of these discussions. Despite various settlement discussions with the cl<span class=\"_ _3\"></span>ient R\ue716k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>at\ue603hav<span class=\"_ _5\"></span>ing\ue603t<span class=\"_ _5\"></span>aken\ue603p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e,\ue603th<span class=\"_ _5\"></span>e\ue603is<span class=\"_ _5\"></span>sue\ue603h<span class=\"_ _5\"></span>as\ue603no<span class=\"_ _5\"></span>t\ue603be<span class=\"_ _5\"></span>en\ue603s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>led\ue603y<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>One of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p Comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in l<span class=\"_ _5\"></span>egal p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>edin<span class=\"_ _5\"></span>gs in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Du<span class=\"_ _5\"></span>tch Wat<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ard (<span class=\"_ _5\"></span>het Wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap Vall<span class=\"_ _5\"></span>ei en Veluwe) ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>ich s<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny is a m<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, due t<span class=\"_ _5\"></span>o alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>dl<span class=\"_ _5\"></span>y unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>zed a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t Eemd<span class=\"_ _5\"></span>\ue716k<span class=\"_ _5\"></span>.\ue603Th<span class=\"_ _5\"></span>e\ue603alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d\ue603unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ize<span class=\"_ _5\"></span>d\ue603ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es\ue603we<span class=\"_ _5\"></span>re\ue603f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y\ue603and\ue603s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y\ue603exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed\ue603by\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\ue603Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer\ue603p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m, a<span class=\"_ _5\"></span>s the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>thd<span class=\"_ _5\"></span>rew f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>ven b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ual e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>ny wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny wa<span class=\"_ _5\"></span>s how<span class=\"_ _5\"></span>ever n<span class=\"_ _5\"></span>ot a<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>lly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hdr<span class=\"_ _5\"></span>aw f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Me<span class=\"_ _5\"></span>anw<span class=\"_ _5\"></span>hil<span class=\"_ _5\"></span>e, s<span class=\"_ _5\"></span>aid f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner h<span class=\"_ _5\"></span>as fi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d for b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>upt<span class=\"_ _5\"></span>cy. Th<span class=\"_ _5\"></span>e ou<span class=\"_ _5\"></span>tcom<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>his cl<span class=\"_ _5\"></span>aim is s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill un<span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>. Ho<span class=\"_ _5\"></span>wev<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt cir<span class=\"_ _5\"></span>cum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e afo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d pen<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g le<span class=\"_ _5\"></span>gal pr<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to hav<span class=\"_ _5\"></span>e a mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>'s f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>In Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 2022, th<span class=\"_ _5\"></span>e Cham<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r of In<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e Cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of A<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>eal o<span class=\"_ _5\"></span>f Gh<span class=\"_ _5\"></span>ent d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup to c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>his de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s a ju<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ial inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>hich a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t was awar<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d by ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>dure t<span class=\"_ _5\"></span>o Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>, a fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>er Rus<span class=\"_ _5\"></span>sia<span class=\"_ _5\"></span>n joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pany o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p, fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of S<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>a (Rus<span class=\"_ _5\"></span>sia) in A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 201<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e summ<span class=\"_ _5\"></span>er mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>hs of 2<span class=\"_ _5\"></span>01<span class=\"_ _8\"></span>4 and 20<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5. The in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tigation was lau<span class=\"_ _3\"></span>nched following a<span class=\"_ _3\"></span> complaint<span class=\"_ _8\"></span> l<span class=\"_ _5\"></span>odged by a<span class=\"_ _3\"></span> competitor<span class=\"_ _8\"></span>, to whom said contract was not<span class=\"_ _3\"></span> granted by negotiated procedure,<span class=\"_ _8\"></span> and is based solely on selecti<span class=\"_ _5\"></span>ve information<span class=\"_ _3\"></span> provided by this<span class=\"_ _8\"></span> competi<span class=\"_ _5\"></span>tor<span class=\"_ _8\"></span>. DEME em<span class=\"_ _3\"></span>phasizes that<span class=\"_ _8\"></span> the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f Ind<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded o<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l to cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at no<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d have y<span class=\"_ _5\"></span>et had the<span class=\"_ _3\"></span> oppor<span class=\"_ _5\"></span>tunity to<span class=\"_ _3\"></span> submit substantive a<span class=\"_ _3\"></span>rguments regardi<span class=\"_ _3\"></span>ng the ch<span class=\"_ _3\"></span>arges brought<span class=\"_ _8\"></span> by the Public<span class=\"_ _3\"></span> Prosecutor<span class=\"_ _8\"></span>. In the cu<span class=\"_ _3\"></span>rrent circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it i<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ure to s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ta<span class=\"_ _5\"></span>kes c<span class=\"_ _5\"></span>are t<span class=\"_ _5\"></span>hat al<span class=\"_ _5\"></span>l it<span class=\"_ _5\"></span>s en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e law<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d reg<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>orc<span class=\"_ _5\"></span>e, inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e rul<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-302-4": {
   "value": "PRO<span class=\"_ _8\"></span>VISIONS(in t<span class=\"_ _5\"></span>hou<span class=\"_ _5\"></span>sa<span class=\"_ _5\"></span>nd<span class=\"_ _5\"></span>s of EU<span class=\"_ _5\"></span>R)Warranties<span class=\"_ _1b7\"> </span><span class=\"ls1d5 ws1fc\">Other</span>2022<span class=\"_ _245\"> </span><span class=\"ls73 ws80\">2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>21</span>Balance at January 1<span class=\"_ _299\"> </span>37<span class=\"_ _8\"></span>,<span class=\"_ _5\"></span>378 <span class=\"_ _179\"> </span>5<span class=\"_ _5\"></span>,93<span class=\"_ _5\"></span>2 <span class=\"_ _92\"> </span><span class=\"ls34 ws3e\">43,31<span class=\"_ _8\"></span>0 <span class=\"_ _86\"> </span><span class=\"ls38 ws41\">30,297<span class=\"_ _3\"></span> </span></span>Ar<span class=\"_ _5\"></span>isin<span class=\"_ _5\"></span>g dur<span class=\"_ _5\"></span>ing th<span class=\"_ _5\"></span>e yea<span class=\"_ _5\"></span>r<span class=\"_ _37\"> </span>5<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _19a\"> </span>895 <span class=\"_ _2b\"> </span><span class=\"lsf ws13\">6,0<span class=\"_ _5\"></span>48<span class=\"_ _3d\"> </span><span class=\"ls8b ws99\">13<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>13<span class=\"_ _5\"></span> </span></span>Ut<span class=\"_ _5\"></span>ilis<span class=\"_ _5\"></span>ed dur<span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>g the ye<span class=\"_ _5\"></span>ar<span class=\"_ _2f2\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _10c\"> </span></span>-<span class=\"_ _2b\"> </span><span class=\"ls1e ws28\">-1<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>9<span class=\"_ _4b\"> </span><span class=\"ls88 ws96\">-2<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0</span></span>Unus<span class=\"_ _5\"></span>ed am<span class=\"_ _5\"></span>oun<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s rev<span class=\"_ _5\"></span>ers<span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>d<span class=\"_ _3b\"> </span>-<span class=\"_ _12a\"> </span>-<span class=\"_ _218\"> </span>-<span class=\"_ _218\"> </span>-Ba<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ce a<span class=\"_ _5\"></span>t De<span class=\"_ _5\"></span>cem<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r 31<span class=\"_ _124\"> </span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,872<span class=\"_ _5\"></span> <span class=\"_ _2b\"> </span>6,827<span class=\"_ _8\"></span> <span class=\"_ _166\"> </span><span class=\"ls1a4 ws1cb\">4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span> <span class=\"_ _86\"> </span><span class=\"ls34 ws3e\">43,310<span class=\"_ _3\"></span> </span></span>Current<span class=\"_ _2bd\"> </span><span class=\"ls56 ws5e\">4<span class=\"_ _4\"></span>,714<span class=\"_ _5\"></span> <span class=\"_ _97\"> </span><span class=\"ls3 ws3\">-<span class=\"_ _38\"> </span></span>4<span class=\"_ _5\"></span>,7<span class=\"_ _5\"></span>14<span class=\"_ _5\"></span> <span class=\"_ _18\"> </span><span class=\"ls75 ws82\">3,7<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>8</span></span>Non-current<span class=\"_ _2bf\"> </span>3<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>8<span class=\"_ _7\"></span> <span class=\"_ _179\"> </span>6<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>827 <span class=\"_ _92\"> </span><span class=\"ls3 ws3\">42,<span class=\"_ _5\"></span>985 <span class=\"_ _166\"> </span><span class=\"ls7f ws8d\">39<span class=\"_ _5\"></span>,57<span class=\"_ _5\"></span>2 </span></span>NOTE 23 \u2013 P<span class=\"_ _5\"></span>ROVISI<span class=\"_ _5\"></span>ON<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D CONT<span class=\"_ _5\"></span>ING<span class=\"_ _5\"></span>ENT <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span>SSET<span class=\"_ _5\"></span>S A<span class=\"_ _5\"></span>ND L<span class=\"_ _5\"></span>IAB<span class=\"_ _5\"></span>IL<span class=\"_ _5\"></span>ITIE<span class=\"_ _5\"></span>SCON<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>NG<span class=\"_ _5\"></span>EN<span class=\"_ _5\"></span>T A<span class=\"_ _5\"></span>SS<span class=\"_ _5\"></span>ET<span class=\"_ _5\"></span>S AN<span class=\"_ _5\"></span>D L<span class=\"_ _5\"></span>IA<span class=\"_ _5\"></span>BI<span class=\"_ _5\"></span>LI<span class=\"_ _5\"></span>TI<span class=\"_ _5\"></span>ESBa<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>ble i<span class=\"_ _5\"></span>nfo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>ati<span class=\"_ _5\"></span>on at t<span class=\"_ _5\"></span>he da<span class=\"_ _5\"></span>te on w<span class=\"_ _5\"></span>hic<span class=\"_ _5\"></span>h th<span class=\"_ _5\"></span>e fi<span class=\"_ _5\"></span>nanc<span class=\"_ _5\"></span>ial s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>atem<span class=\"_ _5\"></span>en<span class=\"_ _5\"></span>ts w<span class=\"_ _5\"></span>ere a<span class=\"_ _5\"></span>ppr<span class=\"_ _5\"></span>ove<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Bo<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>d of D<span class=\"_ _5\"></span>ire<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tor<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, we ar<span class=\"_ _5\"></span>e not aware of a<span class=\"_ _3\"></span>ny other<span class=\"_ _3\"></span> contingent assets or liabil<span class=\"_ _3\"></span>ities than the<span class=\"_ _3\"></span> one described below:-\ue603<span class=\"_ _a7\"> </span>Since\ue603201<span class=\"_ _3\"></span>8,\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>roup\ue603h<span class=\"_ _5\"></span>as\ue603b<span class=\"_ _5\"></span>een\ue603i<span class=\"_ _5\"></span>nvol<span class=\"_ _5\"></span>ve<span class=\"_ _5\"></span>d\ue603in\ue603dis<span class=\"_ _5\"></span>cu<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s\ue603wi<span class=\"_ _5\"></span>th\ue603R\ue716<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>sw<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>rs<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>aat\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603N<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>her<span class=\"_ _5\"></span>lan<span class=\"_ _5\"></span>ds\ue603re<span class=\"_ _5\"></span>lat<span class=\"_ _5\"></span>ed\ue603to\ue603t<span class=\"_ _5\"></span>he\ue603e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on\ue603by\ue603one o<span class=\"_ _5\"></span>f it<span class=\"_ _5\"></span>s s<span class=\"_ _5\"></span>ubs<span class=\"_ _5\"></span>idia<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>es o<span class=\"_ _5\"></span>f the J<span class=\"_ _5\"></span>ulia<span class=\"_ _5\"></span>na Ca<span class=\"_ _5\"></span>nal w<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>ning p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>jec<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. B<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span>ed on t<span class=\"_ _5\"></span>he av<span class=\"_ _5\"></span>aila<span class=\"_ _5\"></span>bl<span class=\"_ _5\"></span>e inf<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mati<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>, DEM<span class=\"_ _5\"></span>E can<span class=\"_ _5\"></span>no<span class=\"_ _5\"></span>t make a re<span class=\"_ _5\"></span>liab<span class=\"_ _5\"></span>le asses<span class=\"_ _5\"></span>sment of the<span class=\"_ _8\"></span> f<span class=\"_ _5\"></span>inancial c<span class=\"_ _3\"></span>onsequences of these discussions. Despite various settlement discussions with the cl<span class=\"_ _3\"></span>ient R\ue716k<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>at\ue603hav<span class=\"_ _5\"></span>ing\ue603t<span class=\"_ _5\"></span>aken\ue603p<span class=\"_ _5\"></span>lac<span class=\"_ _5\"></span>e,\ue603th<span class=\"_ _5\"></span>e\ue603is<span class=\"_ _5\"></span>sue\ue603h<span class=\"_ _5\"></span>as\ue603no<span class=\"_ _5\"></span>t\ue603be<span class=\"_ _5\"></span>en\ue603s<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>led\ue603y<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>;- <span class=\"_ _a7\"> </span>One of t<span class=\"_ _5\"></span>he G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p Comp<span class=\"_ _5\"></span>ani<span class=\"_ _5\"></span>es i<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d in l<span class=\"_ _5\"></span>egal p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>edin<span class=\"_ _5\"></span>gs in<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>iate<span class=\"_ _5\"></span>d by th<span class=\"_ _5\"></span>e Du<span class=\"_ _5\"></span>tch Wat<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>bo<span class=\"_ _5\"></span>ard (<span class=\"_ _5\"></span>het Wa<span class=\"_ _5\"></span>ter<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>chap Vall<span class=\"_ _5\"></span>ei en Veluwe) ag<span class=\"_ _5\"></span>ains<span class=\"_ _5\"></span>t a c<span class=\"_ _5\"></span>ons<span class=\"_ _5\"></span>or<span class=\"_ _4\"></span>tium o<span class=\"_ _5\"></span>f wh<span class=\"_ _5\"></span>ich s<span class=\"_ _5\"></span>ai<span class=\"_ _5\"></span>d Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny is a m<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, due t<span class=\"_ _5\"></span>o alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>dl<span class=\"_ _5\"></span>y unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>ori<span class=\"_ _5\"></span>zed a<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>tiv<span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s on t<span class=\"_ _5\"></span>he pr<span class=\"_ _5\"></span>oje<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t Eemd<span class=\"_ _5\"></span>\ue716k<span class=\"_ _5\"></span>.\ue603Th<span class=\"_ _5\"></span>e\ue603alle<span class=\"_ _5\"></span>ge<span class=\"_ _5\"></span>d\ue603unau<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>ize<span class=\"_ _5\"></span>d\ue603ac<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>vi<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>es\ue603we<span class=\"_ _5\"></span>re\ue603f<span class=\"_ _5\"></span>ull<span class=\"_ _5\"></span>y\ue603and\ue603s<span class=\"_ _5\"></span>ol<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>y\ue603exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ed\ue603by\ue603t<span class=\"_ _5\"></span>he\ue603G<span class=\"_ _5\"></span>rou<span class=\"_ _5\"></span>p\ue603Comp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>\u2019s\ue603f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer\ue603p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner\ue603i<span class=\"_ _5\"></span>n\ue603the\ue603con<span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>tiu<span class=\"_ _5\"></span>m, a<span class=\"_ _5\"></span>s the G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up Com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>y wi<span class=\"_ _5\"></span>thd<span class=\"_ _5\"></span>rew f<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>m the p<span class=\"_ _5\"></span>roj<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>ven b<span class=\"_ _5\"></span>ef<span class=\"_ _5\"></span>ore t<span class=\"_ _5\"></span>he s<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of t<span class=\"_ _5\"></span>he a<span class=\"_ _5\"></span>ct<span class=\"_ _5\"></span>ual e<span class=\"_ _5\"></span>xecu<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>on of a<span class=\"_ _5\"></span>ny wo<span class=\"_ _5\"></span>rk<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e Gr<span class=\"_ _5\"></span>oup Co<span class=\"_ _5\"></span>mpa<span class=\"_ _5\"></span>ny wa<span class=\"_ _5\"></span>s how<span class=\"_ _5\"></span>ever n<span class=\"_ _5\"></span>ot a<span class=\"_ _5\"></span>ble t<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>lly w<span class=\"_ _5\"></span>it<span class=\"_ _5\"></span>hdr<span class=\"_ _5\"></span>aw f<span class=\"_ _5\"></span>rom t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>ns<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ium a<span class=\"_ _5\"></span>s well<span class=\"_ _5\"></span>. Me<span class=\"_ _5\"></span>anw<span class=\"_ _5\"></span>hil<span class=\"_ _5\"></span>e, s<span class=\"_ _5\"></span>aid f<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mer p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ner h<span class=\"_ _5\"></span>as fi<span class=\"_ _5\"></span>le<span class=\"_ _5\"></span>d for b<span class=\"_ _5\"></span>ank<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>upt<span class=\"_ _5\"></span>cy. Th<span class=\"_ _5\"></span>e ou<span class=\"_ _5\"></span>tcom<span class=\"_ _5\"></span>e of t<span class=\"_ _5\"></span>his cl<span class=\"_ _5\"></span>aim is s<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ill un<span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ain<span class=\"_ _5\"></span>. Ho<span class=\"_ _5\"></span>wev<span class=\"_ _5\"></span>er<span class=\"_ _3\"></span>, ba<span class=\"_ _5\"></span>se<span class=\"_ _5\"></span>d on th<span class=\"_ _5\"></span>e cur<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>nt cir<span class=\"_ _5\"></span>cum<span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anc<span class=\"_ _5\"></span>es an<span class=\"_ _5\"></span>d sub<span class=\"_ _5\"></span>je<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t to th<span class=\"_ _5\"></span>e ins<span class=\"_ _5\"></span>ura<span class=\"_ _5\"></span>nce p<span class=\"_ _5\"></span>oli<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>y con<span class=\"_ _5\"></span>dit<span class=\"_ _5\"></span>ion<span class=\"_ _5\"></span>s, t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e afo<span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>tio<span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>d pen<span class=\"_ _5\"></span>din<span class=\"_ _5\"></span>g le<span class=\"_ _5\"></span>gal pr<span class=\"_ _5\"></span>oc<span class=\"_ _5\"></span>ee<span class=\"_ _5\"></span>ding<span class=\"_ _5\"></span>s is no<span class=\"_ _5\"></span>t e<span class=\"_ _5\"></span>xp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>te<span class=\"_ _5\"></span>d to hav<span class=\"_ _5\"></span>e a mate<span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>al imp<span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>t on t<span class=\"_ _5\"></span>he Co<span class=\"_ _5\"></span>mp<span class=\"_ _5\"></span>any<span class=\"_ _5\"></span>'s f<span class=\"_ _5\"></span>utu<span class=\"_ _5\"></span>re re<span class=\"_ _5\"></span>sul<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d cas<span class=\"_ _5\"></span>h f<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s;- <span class=\"_ _a7\"> </span>In Dec<span class=\"_ _5\"></span>emb<span class=\"_ _5\"></span>er 2022, th<span class=\"_ _5\"></span>e Cham<span class=\"_ _5\"></span>be<span class=\"_ _5\"></span>r of In<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t at th<span class=\"_ _5\"></span>e Cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of A<span class=\"_ _5\"></span>pp<span class=\"_ _5\"></span>eal o<span class=\"_ _5\"></span>f Gh<span class=\"_ _5\"></span>ent d<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>ide<span class=\"_ _5\"></span>d to re<span class=\"_ _5\"></span>fe<span class=\"_ _5\"></span>r cer<span class=\"_ _4\"></span>tai<span class=\"_ _5\"></span>n com<span class=\"_ _5\"></span>pan<span class=\"_ _5\"></span>ies o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E Gr<span class=\"_ _5\"></span>oup to c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. T<span class=\"_ _5\"></span>his de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>sio<span class=\"_ _5\"></span>n fol<span class=\"_ _5\"></span>low<span class=\"_ _5\"></span>s a ju<span class=\"_ _5\"></span>dic<span class=\"_ _5\"></span>ial inv<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>gati<span class=\"_ _5\"></span>on c<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>rie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>ta<span class=\"_ _5\"></span>nce<span class=\"_ _5\"></span>s in w<span class=\"_ _5\"></span>hich a c<span class=\"_ _5\"></span>ont<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>t was awar<span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>d by ne<span class=\"_ _5\"></span>go<span class=\"_ _5\"></span>tia<span class=\"_ _5\"></span>ted p<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>ce<span class=\"_ _5\"></span>dure t<span class=\"_ _5\"></span>o Mo<span class=\"_ _5\"></span>rdr<span class=\"_ _5\"></span>aga<span class=\"_ _5\"></span>, a fo<span class=\"_ _5\"></span>rm<span class=\"_ _5\"></span>er Rus<span class=\"_ _5\"></span>sia<span class=\"_ _5\"></span>n joi<span class=\"_ _5\"></span>nt ve<span class=\"_ _5\"></span>ntur<span class=\"_ _5\"></span>e com<span class=\"_ _5\"></span>pany o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>e DEM<span class=\"_ _5\"></span>E grou<span class=\"_ _5\"></span>p, fo<span class=\"_ _5\"></span>r th<span class=\"_ _5\"></span>e exe<span class=\"_ _5\"></span>cut<span class=\"_ _5\"></span>ion of dr<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ging w<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s in th<span class=\"_ _5\"></span>e po<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t of S<span class=\"_ _5\"></span>ab<span class=\"_ _5\"></span>et<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>a (Rus<span class=\"_ _5\"></span>sia) in A<span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>il 201<span class=\"_ _8\"></span>4<span class=\"_ _5\"></span>. Th<span class=\"_ _5\"></span>e wor<span class=\"_ _5\"></span>k<span class=\"_ _5\"></span>s we<span class=\"_ _5\"></span>re ca<span class=\"_ _5\"></span>rr<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>d ou<span class=\"_ _5\"></span>t in th<span class=\"_ _5\"></span>e summ<span class=\"_ _5\"></span>er mo<span class=\"_ _5\"></span>nt<span class=\"_ _5\"></span>hs of 2<span class=\"_ _5\"></span>01<span class=\"_ _8\"></span>4 and 20<span class=\"_ _8\"></span>1<span class=\"_ _3\"></span>5. The in<span class=\"_ _8\"></span>ves<span class=\"_ _5\"></span>tigation was lau<span class=\"_ _3\"></span>nched following a<span class=\"_ _3\"></span> complaint<span class=\"_ _8\"></span> l<span class=\"_ _5\"></span>odged by a<span class=\"_ _3\"></span> competitor<span class=\"_ _8\"></span>, to whom said contract was not<span class=\"_ _3\"></span> granted by negotiated procedure,<span class=\"_ _8\"></span> and is based solely on selecti<span class=\"_ _5\"></span>ve information<span class=\"_ _3\"></span> provided by this<span class=\"_ _8\"></span> competi<span class=\"_ _5\"></span>tor<span class=\"_ _8\"></span>. DEME em<span class=\"_ _3\"></span>phasizes that<span class=\"_ _8\"></span> the C<span class=\"_ _5\"></span>hamb<span class=\"_ _5\"></span>er o<span class=\"_ _5\"></span>f Ind<span class=\"_ _5\"></span>ic<span class=\"_ _5\"></span>tm<span class=\"_ _5\"></span>ent h<span class=\"_ _5\"></span>as on<span class=\"_ _5\"></span>ly de<span class=\"_ _5\"></span>ci<span class=\"_ _5\"></span>ded o<span class=\"_ _5\"></span>n th<span class=\"_ _5\"></span>e re<span class=\"_ _5\"></span>fer<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>l to cou<span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>. Thi<span class=\"_ _5\"></span>s mea<span class=\"_ _5\"></span>ns th<span class=\"_ _5\"></span>at no<span class=\"_ _5\"></span>ne o<span class=\"_ _5\"></span>f the p<span class=\"_ _5\"></span>ar<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ie<span class=\"_ _5\"></span>s invo<span class=\"_ _5\"></span>lve<span class=\"_ _5\"></span>d have y<span class=\"_ _5\"></span>et had the<span class=\"_ _3\"></span> oppor<span class=\"_ _5\"></span>tunity to<span class=\"_ _3\"></span> submit substantive a<span class=\"_ _3\"></span>rguments regardi<span class=\"_ _3\"></span>ng the ch<span class=\"_ _3\"></span>arges brought<span class=\"_ _8\"></span> by the Public<span class=\"_ _3\"></span> Prosecutor<span class=\"_ _8\"></span>. In the cu<span class=\"_ _3\"></span>rrent circ<span class=\"_ _5\"></span>ums<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ance<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>, it i<span class=\"_ _5\"></span>s the<span class=\"_ _5\"></span>ref<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>emat<span class=\"_ _5\"></span>ure to s<span class=\"_ _5\"></span>pe<span class=\"_ _5\"></span>cul<span class=\"_ _5\"></span>ate on t<span class=\"_ _5\"></span>he o<span class=\"_ _5\"></span>utc<span class=\"_ _5\"></span>ome o<span class=\"_ _5\"></span>f th<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>e pr<span class=\"_ _5\"></span>oce<span class=\"_ _5\"></span>ed<span class=\"_ _5\"></span>ings<span class=\"_ _5\"></span>.The G<span class=\"_ _5\"></span>ro<span class=\"_ _5\"></span>up ta<span class=\"_ _5\"></span>kes c<span class=\"_ _5\"></span>are t<span class=\"_ _5\"></span>hat al<span class=\"_ _5\"></span>l it<span class=\"_ _5\"></span>s en<span class=\"_ _5\"></span>ti<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s re<span class=\"_ _5\"></span>sp<span class=\"_ _5\"></span>ec<span class=\"_ _5\"></span>t th<span class=\"_ _5\"></span>e law<span class=\"_ _5\"></span>s an<span class=\"_ _5\"></span>d reg<span class=\"_ _5\"></span>ulat<span class=\"_ _5\"></span>io<span class=\"_ _5\"></span>ns in f<span class=\"_ _5\"></span>orc<span class=\"_ _5\"></span>e, inc<span class=\"_ _5\"></span>lud<span class=\"_ _5\"></span>ing t<span class=\"_ _5\"></span>he co<span class=\"_ _5\"></span>mpl<span class=\"_ _5\"></span>ianc<span class=\"_ _5\"></span>e rul<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.Reference is<span class=\"_ _3\"></span> made to<span class=\"_ _3\"></span> the summa<span class=\"_ _3\"></span>r<span class=\"_ _5\"></span>y of principal<span class=\"_ _8\"></span> accounting policies for information<span class=\"_ _8\"></span> ab<span class=\"_ _5\"></span>out the provisions.The<span class=\"_ _5\"></span>re is n<span class=\"_ _5\"></span>o fo<span class=\"_ _5\"></span>rma<span class=\"_ _5\"></span>l pla<span class=\"_ _5\"></span>n for r<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ruc<span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>uri<span class=\"_ _5\"></span>ng. T<span class=\"_ _5\"></span>he di<span class=\"_ _5\"></span>smi<span class=\"_ _5\"></span>ss<span class=\"_ _5\"></span>al p<span class=\"_ _5\"></span>rov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>on<span class=\"_ _5\"></span>s in the n<span class=\"_ _5\"></span>or<span class=\"_ _5\"></span>mal c<span class=\"_ _5\"></span>our<span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>e of bu<span class=\"_ _5\"></span>sin<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>s tha<span class=\"_ _5\"></span>t ex<span class=\"_ _5\"></span>is<span class=\"_ _5\"></span>t at t<span class=\"_ _5\"></span>he en<span class=\"_ _5\"></span>d of t<span class=\"_ _5\"></span>he p<span class=\"_ _5\"></span>er<span class=\"_ _5\"></span>iod are im<span class=\"_ _5\"></span>mat<span class=\"_ _5\"></span>eri<span class=\"_ _5\"></span>al an<span class=\"_ _5\"></span>d are b<span class=\"_ _5\"></span>oo<span class=\"_ _5\"></span>ked as r<span class=\"_ _5\"></span>emu<span class=\"_ _5\"></span>ner<span class=\"_ _5\"></span>at<span class=\"_ _5\"></span>ion a<span class=\"_ _5\"></span>nd s<span class=\"_ _5\"></span>oci<span class=\"_ _5\"></span>al cha<span class=\"_ _5\"></span>rg<span class=\"_ _5\"></span>es<span class=\"_ _5\"></span>.The o<span class=\"_ _5\"></span>th<span class=\"_ _5\"></span>er pr<span class=\"_ _5\"></span>ov<span class=\"_ _5\"></span>isi<span class=\"_ _5\"></span>ons a<span class=\"_ _5\"></span>re all r<span class=\"_ _5\"></span>ela<span class=\"_ _5\"></span>ted t<span class=\"_ _5\"></span>o the E<span class=\"_ _5\"></span>nvir<span class=\"_ _5\"></span>onm<span class=\"_ _5\"></span>ent<span class=\"_ _5\"></span>al s<span class=\"_ _5\"></span>eg<span class=\"_ _5\"></span>men<span class=\"_ _5\"></span>t and t<span class=\"_ _5\"></span>he w<span class=\"_ _5\"></span>arr<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>tie<span class=\"_ _5\"></span>s (all as<span class=\"_ _5\"></span>sur<span class=\"_ _5\"></span>an<span class=\"_ _5\"></span>ce t<span class=\"_ _5\"></span>yp<span class=\"_ _5\"></span>e war<span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>nti<span class=\"_ _5\"></span>es) ar<span class=\"_ _5\"></span>e rel<span class=\"_ _5\"></span>ate<span class=\"_ _5\"></span>d to the Of<span class=\"_ _5\"></span>fshore Energy segment.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-315-3": {
   "value": "NOTE 25 \u2013 RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEETBalance at December 31(in thousands of EUR)2022 2021COMMITMENTS GIVENAmount of real guarantees, given or irrevocably promised by the enterprises included in the consolidation on their own assets, as security for debts and commitments, of enterprises - 18,281 included in the consolidation.Bank and insurance guarantees for commitments of enterprises included in the consolidation. 1,374,021  1,411,273 COMMITMENTS RECEIVEDBank guarantees received as security for commitments to enterprises included in the 129,672  241,035 consolidation.FUTURE OPERATIONAL OBLIGATIONS ENTERED INTO WITH SUPPLIERSIn the environmental segment DEME has the obligation to pay a fee for landfill volume  reservation over the next 8 years for an estimated amount of 9.1 million EUR.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-314-12": {
   "value": "NOTE 26 \u2013 RELATED PARTY DISCLOSURESBalance at December 31KEY MANAGEMENT PERSONNELDEME Group NV has a \u201cone tier\u201d governance structure consisting of a Board of Directors (as collegiate body). The Board of Directors is vested with the power to perform all acts that are necessary or useful for the realisation of the Company\u2019s corporate object, except for those actions that are specifically reserved by law for the Shareholders\u2019 Meeting.On June 29, 2022, the Board of Directors has delegated the daily management of the Company from the Executive Committee to the CEO. The CEO is supported in the execution of his mandate by the Executive Committee, which operates as an advisory committee (separate from the Board of Directors). The Executive Committee, chaired by the CEO, is responsible for the general management of the Group.For his role as Executive Director, Luc Vandenbulcke received a fixed and variable remuneration of 1,862 thousand EUR in 2022 (2021: 1,576 thousand EUR). Representatives who are members of the Board of Directors, Audit Committee and Remuneration Committee are only remunerated since the public listing of the Group.(in thousands of EUR)2022 2021Remuneration of the directors 360 -Director fees at the expense of DEME Group 360 -Remuneration of the CEO 1,862 1,576Fixed annual remuneration 343 330Short-term variable remuneration 1,454 1,194Long-term variable remuneration - -Group insurance / Pension (Plan) contributions 62 50Other benefits 3 3Remuneration of the members of the Executive Committee (excluding CEO) 5,676 4,581Fixed annual remuneration 1,260 1,197Short-term variable remuneration 3,937 2,984Long-term variable remuneration - -Group insurance / Pension (Plan) contributions 463 383Other benefits 17 18",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-316-3": {
   "value": "NOTE 27 \u2013 AUDITOR REMUNERATIONBalance at December 31An overview of the total remuneration paid to the auditors by DEME Group NV and its consolidated subsidiaries is presented below. A distinction (both in absolute figures and in percentage) is made between fees paid by the Group to the statutory auditor of DEME Group NV and fees paid to other audit firms. For the financial year 2021, Deloitte and EY were jointly appointed as the statutory auditor of DEME NV (parent company before the public listing of the Group). For the financial year 2022, EY became the sole statutory auditor of DEME Group NV.EY Others Tot al2022 (in thousands of EUR)Amount % Amount %Audit fees 999  40.0% 1,500  60.0% 2,499 Tax advisory services 368 23.5% 1,199  76.5% 1,567 Other non-audit services 100 2.4% 4,015  97.6% 4,115 1,467  17.9% 6,714  82.1% 8,181 The amount of additional (non-) audit services provided by the statutory auditor and persons professionally related to him are in line with article 3:64 and 65 of the Code of Companies and Associates and approved by the Audit Committee in advance. They mainly relate to rendered tax services, ad-hoc attestations and additional audit works performed relating to the IPO.The other non-audit services, performed by other auditors not being the statutory auditor of DEME Group NV, mainly relate to consulting services regarding the procurement transformation project (including a compliance component) started in 2021. Deloitte EY Others Total2021 (in thousands of EUR)Amount % Amount % Amount %Audit fees 1,059  47.1% 358 15.9% 833 37.0% 2,250 Tax advisory services 129 9.7% 357 26.9% 839 63.4% 1,325 Other non-audit services 78 1.7% 72 1.6% 4,394  96.7% 4,544 1,266  15.6% 787 9.7% 6,066  74.7% 8,119 In 2021, additionally to the start of the procurement transformation project, the Group rolled-out a specialised software for guarantee management and further invested in a new treasury system for which consulting services were received.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-319-2": {
   "value": "NOTE 28 \u2013 EVENTS AFTER THE REPORTING PERIODWithin the Concessions segment, the Group continues to work on the Global Sea Mineral Resources (GSR) initiative, which is helping to tackle the scarcity of our planet\u2019s resources and is continuing its research into the possibility of collecting metal-rich, polymetallic nodules from the deep ocean floor. In February 2023, the Group announced a strategic cooperation with Transocean Ltd. (NYSE: RIG) whereby Transocean contributes an ultra-deepwater drilling vessel and a cash investment.There are no other signifant changes to be reported in the financial and commercial situation of the Group as of December 31, 2022.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300FPFPQPKI3PJV37",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}