%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 54.00 729.75 Td (MANAGEMENT担 RESPONSIBILITY) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 222.16 729.75 Td ( FOR FINANCIAL) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 302.53 729.75 Td ( REPORTING) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 718.95 Td (The ) Tj ET Q q 0 0 0 rg BT 70.09 718.95 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 124.66 718.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 172.25 718.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.83 718.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 245.91 718.95 Td (of ) Tj ET Q q 0 0 0 rg BT 255.51 718.95 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 299.10 718.95 Td (Group ) Tj ET Q q 0 0 0 rg BT 324.20 718.95 Td (Limited ) Tj ET Q q 0 0 0 rg BT 354.79 718.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 370.88 718.95 Td ("Company"\) ) Tj ET Q q 0 0 0 rg BT 418.32 718.95 Td (and ) Tj ET Q q 0 0 0 rg BT 433.41 718.95 Td (all ) Tj ET Q q 0 0 0 rg BT 444.50 718.95 Td (of ) Tj ET Q q 0 0 0 rg BT 454.09 718.95 Td (the ) Tj ET Q q 0 0 0 rg BT 467.18 718.95 Td (information ) Tj ET Q q 0 0 0 rg BT 511.77 718.95 Td (in ) Tj ET Q q 0 0 0 rg BT 520.87 718.95 Td (this ) Tj ET Q q 0 0 0 rg BT 535.50 718.95 Td (Annual ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 708.15 Td (Report ) Tj ET Q q 0 0 0 rg BT 80.75 708.15 Td (are ) Tj ET Q q 0 0 0 rg BT 93.98 708.15 Td (the ) Tj ET Q q 0 0 0 rg BT 107.23 708.15 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 158.48 708.15 Td (of ) Tj ET Q q 0 0 0 rg BT 168.22 708.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 217.45 708.15 Td (and ) Tj ET Q q 0 0 0 rg BT 232.70 708.15 Td (have ) Tj ET Q q 0 0 0 rg BT 251.94 708.15 Td (been ) Tj ET Q q 0 0 0 rg BT 271.18 708.15 Td (approved ) Tj ET Q q 0 0 0 rg BT 306.91 708.15 Td (by ) Tj ET Q q 0 0 0 rg BT 318.16 708.15 Td (the ) Tj ET Q q 0 0 0 rg BT 331.41 708.15 Td (Board ) Tj ET Q q 0 0 0 rg BT 355.65 708.15 Td (of ) Tj ET Q q 0 0 0 rg BT 365.40 708.15 Td (Directors.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 686.55 Td (The ) Tj ET Q q 0 0 0 rg BT 70.87 686.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 119.24 686.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.60 686.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 194.47 686.55 Td (have ) Tj ET Q q 0 0 0 rg BT 214.34 686.55 Td (been ) Tj ET Q q 0 0 0 rg BT 234.21 686.55 Td (prepared ) Tj ET Q q 0 0 0 rg BT 268.57 686.55 Td (by ) Tj ET Q q 0 0 0 rg BT 280.44 686.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 330.31 686.55 Td (in ) Tj ET Q q 0 0 0 rg BT 340.19 686.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 383.53 686.55 Td (with ) Tj ET Q q 0 0 0 rg BT 402.41 686.55 Td (International ) Tj ET Q q 0 0 0 rg BT 451.27 686.55 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.64 686.55 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 526.51 686.55 Td (Standards ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 675.75 Td (\("IFRS"\). ) Tj ET Q q 0 0 0 rg BT 90.62 675.75 Td ( ) Tj ET Q q 0 0 0 rg BT 92.50 675.75 Td (These ) Tj ET Q q 0 0 0 rg BT 116.01 675.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 156.02 675.75 Td (include ) Tj ET Q q 0 0 0 rg BT 184.53 675.75 Td (some ) Tj ET Q q 0 0 0 rg BT 205.55 675.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 238.07 675.75 Td (that ) Tj ET Q q 0 0 0 rg BT 253.59 675.75 Td (are ) Tj ET Q q 0 0 0 rg BT 266.60 675.75 Td (based ) Tj ET Q q 0 0 0 rg BT 289.11 675.75 Td (on ) Tj ET Q q 0 0 0 rg BT 300.13 675.75 Td (best ) Tj ET Q q 0 0 0 rg BT 316.65 675.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 352.16 675.75 Td (and ) Tj ET Q q 0 0 0 rg BT 367.18 675.75 Td (judgment. ) Tj ET Q q 0 0 0 rg BT 405.45 675.75 Td ( ) Tj ET Q q 0 0 0 rg BT 407.47 675.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 456.47 675.75 Td (has ) Tj ET Q q 0 0 0 rg BT 470.49 675.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 512.99 675.75 Td (such ) Tj ET Q q 0 0 0 rg BT 531.51 675.75 Td (amounts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 664.95 Td (on ) Tj ET Q q 0 0 0 rg BT 66.29 664.95 Td (a ) Tj ET Q q 0 0 0 rg BT 73.57 664.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 115.34 664.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 136.63 664.95 Td (in ) Tj ET Q q 0 0 0 rg BT 146.91 664.95 Td (order ) Tj ET Q q 0 0 0 rg BT 169.19 664.95 Td (to ) Tj ET Q q 0 0 0 rg BT 179.48 664.95 Td (ensure ) Tj ET Q q 0 0 0 rg BT 206.26 664.95 Td (that ) Tj ET Q q 0 0 0 rg BT 223.04 664.95 Td (the ) Tj ET Q q 0 0 0 rg BT 237.32 664.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 286.10 664.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 320.87 664.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.15 664.95 Td (are ) Tj ET Q q 0 0 0 rg BT 376.42 664.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 414.19 664.95 Td (fairly) Tj ET Q q 0 0 0 rg BT 433.10 664.95 Td (, ) Tj ET Q q 0 0 0 rg BT 438.64 664.95 Td (in ) Tj ET Q q 0 0 0 rg BT 448.93 664.95 Td (all ) Tj ET Q q 0 0 0 rg BT 461.21 664.95 Td (material ) Tj ET Q q 0 0 0 rg BT 493.98 664.95 Td (respects. ) Tj ET Q q 0 0 0 rg BT 528.51 664.95 Td (Financial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 654.15 Td (information ) Tj ET Q q 0 0 0 rg BT 99.24 654.15 Td (used ) Tj ET Q q 0 0 0 rg BT 118.48 654.15 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 157.20 654.15 Td (in ) Tj ET Q q 0 0 0 rg BT 166.95 654.15 Td (the ) Tj ET Q q 0 0 0 rg BT 180.08 654.15 Td (Annual ) Tj ET Q q 0 0 0 rg BT 209.32 654.15 Td (Report ) Tj ET Q q 0 0 0 rg BT 236.56 654.15 Td (is ) Tj ET Q q 0 0 0 rg BT 245.31 654.15 Td (consistent ) Tj ET Q q 0 0 0 rg BT 284.05 654.15 Td (with ) Tj ET Q q 0 0 0 rg BT 302.80 654.15 Td (that ) Tj ET Q q 0 0 0 rg BT 319.04 654.15 Td (in ) Tj ET Q q 0 0 0 rg BT 328.79 654.15 Td (the ) Tj ET Q q 0 0 0 rg BT 342.53 654.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 390.76 654.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.99 654.15 Td (statements. ) Tj ET Q q 0 0 0 rg BT 467.78 654.15 Td (The ) Tj ET Q q 0 0 0 rg BT 484.52 654.15 Td (MD&A) Tj ET Q q 0 0 0 rg BT 512.02 654.15 Td ( ) Tj ET Q q 0 0 0 rg BT 514.77 654.15 Td (also ) Tj ET Q q 0 0 0 rg BT 532.01 654.15 Td (includes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 643.35 Td (information ) Tj ET Q q 0 0 0 rg BT 99.54 643.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 137.08 643.35 Td (the ) Tj ET Q q 0 0 0 rg BT 151.12 643.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 178.66 643.35 Td (of ) Tj ET Q q 0 0 0 rg BT 189.21 643.35 Td (current ) Tj ET Q q 0 0 0 rg BT 217.75 643.35 Td (transactions ) Tj ET Q q 0 0 0 rg BT 263.78 643.35 Td (and ) Tj ET Q q 0 0 0 rg BT 279.83 643.35 Td (events, ) Tj ET Q q 0 0 0 rg BT 308.12 643.35 Td (sources ) Tj ET Q q 0 0 0 rg BT 338.16 643.35 Td (of ) Tj ET Q q 0 0 0 rg BT 348.71 643.35 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 382.27 643.35 Td (and ) Tj ET Q q 0 0 0 rg BT 398.31 643.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 425.35 643.35 Td (resources, ) Tj ET Q q 0 0 0 rg BT 464.63 643.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 501.67 643.35 Td (trends, ) Tj ET Q q 0 0 0 rg BT 528.96 643.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 549.02 643.35 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 632.55 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 104.58 632.55 Td (Actual ) Tj ET Q q 0 0 0 rg BT 131.58 632.55 Td (results ) Tj ET Q q 0 0 0 rg BT 158.09 632.55 Td (in ) Tj ET Q q 0 0 0 rg BT 168.10 632.55 Td (the ) Tj ET Q q 0 0 0 rg BT 182.11 632.55 Td (future ) Tj ET Q q 0 0 0 rg BT 206.61 632.55 Td (may ) Tj ET Q q 0 0 0 rg BT 225.12 632.55 Td (dif) Tj ET Q q 0 0 0 rg BT 234.96 632.55 Td (fer ) Tj ET Q q 0 0 0 rg BT 247.96 632.55 Td (materially ) Tj ET Q q 0 0 0 rg BT 287.45 632.55 Td (from ) Tj ET Q q 0 0 0 rg BT 307.96 632.55 Td (our ) Tj ET Q q 0 0 0 rg BT 322.97 632.55 Td (present ) Tj ET Q q 0 0 0 rg BT 351.97 632.55 Td (assessment ) Tj ET Q q 0 0 0 rg BT 394.98 632.55 Td (of ) Tj ET Q q 0 0 0 rg BT 405.49 632.55 Td (this ) Tj ET Q q 0 0 0 rg BT 421.51 632.55 Td (information ) Tj ET Q q 0 0 0 rg BT 467.01 632.55 Td (because ) Tj ET Q q 0 0 0 rg BT 498.50 632.55 Td (future ) Tj ET Q q 0 0 0 rg BT 523.00 632.55 Td (events ) Tj ET Q q 0 0 0 rg BT 549.01 632.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 621.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 107.23 621.75 Td (may ) Tj ET Q q 0 0 0 rg BT 124.97 621.75 Td (not ) Tj ET Q q 0 0 0 rg BT 138.72 621.75 Td (occur ) Tj ET Q q 0 0 0 rg BT 160.96 621.75 Td (as ) Tj ET Q q 0 0 0 rg BT 170.71 621.75 Td (expected.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 600.15 Td (The ) Tj ET Q q 0 0 0 rg BT 70.88 600.15 Td (Board ) Tj ET Q q 0 0 0 rg BT 95.75 600.15 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 600.15 Td (Directors ) Tj ET Q q 0 0 0 rg BT 142.50 600.15 Td (\(the ) Tj ET Q q 0 0 0 rg BT 159.38 600.15 Td ("Board"\) ) Tj ET Q q 0 0 0 rg BT 194.60 600.15 Td (is ) Tj ET Q q 0 0 0 rg BT 203.48 600.15 Td (responsible ) Tj ET Q q 0 0 0 rg BT 247.36 600.15 Td (for ) Tj ET Q q 0 0 0 rg BT 260.74 600.15 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 294.61 600.15 Td (that ) Tj ET Q q 0 0 0 rg BT 310.99 600.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 360.86 600.15 Td (fulfills ) Tj ET Q q 0 0 0 rg BT 387.74 600.15 Td (its ) Tj ET Q q 0 0 0 rg BT 399.12 600.15 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 456.50 600.15 Td (for ) Tj ET Q q 0 0 0 rg BT 469.88 600.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.25 600.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 540.12 600.15 Td (and ) Tj ET Q q 0 0 0 rg BT 556.00 600.15 Td (is ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 589.35 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 93.40 589.35 Td (responsible ) Tj ET Q q 0 0 0 rg BT 137.31 589.35 Td (for ) Tj ET Q q 0 0 0 rg BT 150.71 589.35 Td (approving ) Tj ET Q q 0 0 0 rg BT 190.12 589.35 Td (the ) Tj ET Q q 0 0 0 rg BT 204.02 589.35 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 252.42 589.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.82 589.35 Td (statements. ) Tj ET Q q 0 0 0 rg BT 329.76 589.35 Td (The ) Tj ET Q q 0 0 0 rg BT 346.66 589.35 Td (Board ) Tj ET Q q 0 0 0 rg BT 371.57 589.35 Td (carries ) Tj ET Q q 0 0 0 rg BT 398.46 589.35 Td (out ) Tj ET Q q 0 0 0 rg BT 412.87 589.35 Td (this ) Tj ET Q q 0 0 0 rg BT 428.79 589.35 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 480.70 589.35 Td (principally ) Tj ET Q q 0 0 0 rg BT 522.60 589.35 Td (through ) Tj ET Q q 0 0 0 rg BT 553.51 589.35 Td (its ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 578.55 Td (Audit ) Tj ET Q q 0 0 0 rg BT 76.75 578.55 Td (and ) Tj ET Q q 0 0 0 rg BT 92.00 578.55 Td (Governance ) Tj ET Q q 0 0 0 rg BT 137.72 578.55 Td (Committee.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 556.95 Td (The ) Tj ET Q q 0 0 0 rg BT 69.80 556.95 Td (Chief ) Tj ET Q q 0 0 0 rg BT 91.60 556.95 Td (Executive ) Tj ET Q q 0 0 0 rg BT 129.38 556.95 Td (Of) Tj ET Q q 0 0 0 rg BT 138.72 556.95 Td (ficer ) Tj ET Q q 0 0 0 rg BT 157.00 556.95 Td (and ) Tj ET Q q 0 0 0 rg BT 171.80 556.95 Td (the ) Tj ET Q q 0 0 0 rg BT 184.60 556.95 Td (Director ) Tj ET Q q 0 0 0 rg BT 216.39 556.95 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 556.95 Td (Finance ) Tj ET Q q 0 0 0 rg BT 255.99 556.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 271.78 556.95 Td (鼎ertifying ) Tj ET Q q 0 0 0 rg BT 314.57 556.95 Td (Of) Tj ET Q q 0 0 0 rg BT 323.91 556.95 Td (ficers能), ) Tj ET Q q 0 0 0 rg BT 354.94 556.95 Td (along ) Tj ET Q q 0 0 0 rg BT 376.74 556.95 Td (with ) Tj ET Q q 0 0 0 rg BT 394.54 556.95 Td (other ) Tj ET Q q 0 0 0 rg BT 414.84 556.95 Td (members ) Tj ET Q q 0 0 0 rg BT 449.63 556.95 Td (of ) Tj ET Q q 0 0 0 rg BT 458.94 556.95 Td (management, ) Tj ET Q q 0 0 0 rg BT 508.97 556.95 Td (have ) Tj ET Q q 0 0 0 rg BT 527.76 556.95 Td (designed, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 546.15 Td (or ) Tj ET Q q 0 0 0 rg BT 62.94 546.15 Td (caused ) Tj ET Q q 0 0 0 rg BT 88.87 546.15 Td (to ) Tj ET Q q 0 0 0 rg BT 97.31 546.15 Td (be ) Tj ET Q q 0 0 0 rg BT 107.25 546.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 140.68 546.15 Td (under ) Tj ET Q q 0 0 0 rg BT 162.62 546.15 Td (their ) Tj ET Q q 0 0 0 rg BT 180.55 546.15 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 225.74 546.15 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 265.68 546.15 Td (Controls ) Tj ET Q q 0 0 0 rg BT 298.12 546.15 Td (and ) Tj ET Q q 0 0 0 rg BT 312.56 546.15 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 353.99 546.15 Td (\(泥C&P能) ) Tj ET Q q 0 0 0 rg BT 393.92 546.15 Td (to ) Tj ET Q q 0 0 0 rg BT 402.36 546.15 Td (provide ) Tj ET Q q 0 0 0 rg BT 431.30 546.15 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 471.22 546.15 Td (assurance ) Tj ET Q q 0 0 0 rg BT 507.64 546.15 Td (that ) Tj ET Q q 0 0 0 rg BT 522.58 546.15 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 532.52 546.15 Td (material ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 535.35 Td (information ) Tj ET Q q 0 0 0 rg BT 98.62 535.35 Td (relating ) Tj ET Q q 0 0 0 rg BT 128.23 535.35 Td (to ) Tj ET Q q 0 0 0 rg BT 137.35 535.35 Td (the ) Tj ET Q q 0 0 0 rg BT 150.47 535.35 Td (the ) Tj ET Q q 0 0 0 rg BT 163.59 535.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.72 535.35 Td (is ) Tj ET Q q 0 0 0 rg BT 208.85 535.35 Td (made ) Tj ET Q q 0 0 0 rg BT 230.46 535.35 Td (known ) Tj ET Q q 0 0 0 rg BT 257.08 535.35 Td (to ) Tj ET Q q 0 0 0 rg BT 266.21 535.35 Td (them ) Tj ET Q q 0 0 0 rg BT 286.33 535.35 Td (by ) Tj ET Q q 0 0 0 rg BT 297.46 535.35 Td (others, ) Tj ET Q q 0 0 0 rg BT 323.83 535.35 Td (particularly ) Tj ET Q q 0 0 0 rg BT 367.43 535.35 Td (during ) Tj ET Q q 0 0 0 rg BT 393.05 535.35 Td (the ) Tj ET Q q 0 0 0 rg BT 406.17 535.35 Td (period ) Tj ET Q q 0 0 0 rg BT 431.29 535.35 Td (in ) Tj ET Q q 0 0 0 rg BT 440.42 535.35 Td (which ) Tj ET Q q 0 0 0 rg BT 464.54 535.35 Td (the ) Tj ET Q q 0 0 0 rg BT 477.66 535.35 Td (annual ) Tj ET Q q 0 0 0 rg BT 503.77 535.35 Td (filings ) Tj ET Q q 0 0 0 rg BT 528.90 535.35 Td (are ) Tj ET Q q 0 0 0 rg BT 542.01 535.35 Td (being ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 524.55 Td (prepared; ) Tj ET Q q 0 0 0 rg BT 90.22 524.55 Td (and ) Tj ET Q q 0 0 0 rg BT 105.46 524.55 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 118.70 524.55 Td (information ) Tj ET Q q 0 0 0 rg BT 163.44 524.55 Td (required ) Tj ET Q q 0 0 0 rg BT 195.67 524.55 Td (to ) Tj ET Q q 0 0 0 rg BT 204.91 524.55 Td (be ) Tj ET Q q 0 0 0 rg BT 215.65 524.55 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 251.39 524.55 Td (by ) Tj ET Q q 0 0 0 rg BT 262.63 524.55 Td (the ) Tj ET Q q 0 0 0 rg BT 275.87 524.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.12 524.55 Td (in ) Tj ET Q q 0 0 0 rg BT 322.36 524.55 Td (its ) Tj ET Q q 0 0 0 rg BT 333.11 524.55 Td (annual ) Tj ET Q q 0 0 0 rg BT 359.34 524.55 Td (filings, ) Tj ET Q q 0 0 0 rg BT 386.84 524.55 Td (interim ) Tj ET Q q 0 0 0 rg BT 415.08 524.55 Td (filings ) Tj ET Q q 0 0 0 rg BT 440.32 524.55 Td (or ) Tj ET Q q 0 0 0 rg BT 450.07 524.55 Td (other ) Tj ET Q q 0 0 0 rg BT 470.80 524.55 Td (reports ) Tj ET Q q 0 0 0 rg BT 498.04 524.55 Td (filed ) Tj ET Q q 0 0 0 rg BT 516.78 524.55 Td (or ) Tj ET Q q 0 0 0 rg BT 526.52 524.55 Td (submitted ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 513.75 Td (by ) Tj ET Q q 0 0 0 rg BT 65.25 513.75 Td (it ) Tj ET Q q 0 0 0 rg BT 72.50 513.75 Td (under ) Tj ET Q q 0 0 0 rg BT 95.24 513.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 131.48 513.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 171.22 513.75 Td (is ) Tj ET Q q 0 0 0 rg BT 179.48 513.75 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 215.46 513.75 Td (processed, ) Tj ET Q q 0 0 0 rg BT 255.44 513.75 Td (summarized ) Tj ET Q q 0 0 0 rg BT 301.68 513.75 Td (and ) Tj ET Q q 0 0 0 rg BT 316.92 513.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 349.15 513.75 Td (within ) Tj ET Q q 0 0 0 rg BT 374.41 513.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.65 513.75 Td (time ) Tj ET Q q 0 0 0 rg BT 405.90 513.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 434.64 513.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 469.38 513.75 Td (in ) Tj ET Q q 0 0 0 rg BT 478.63 513.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 514.86 513.75 Td (legislation.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 492.15 Td (The ) Tj ET Q q 0 0 0 rg BT 70.96 492.15 Td (Certifying ) Tj ET Q q 0 0 0 rg BT 110.91 492.15 Td (Of) Tj ET Q q 0 0 0 rg BT 120.25 492.15 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 145.45 492.15 Td (along ) Tj ET Q q 0 0 0 rg BT 168.41 492.15 Td (with ) Tj ET Q q 0 0 0 rg BT 187.37 492.15 Td (other ) Tj ET Q q 0 0 0 rg BT 208.83 492.15 Td (members ) Tj ET Q q 0 0 0 rg BT 244.78 492.15 Td (of ) Tj ET Q q 0 0 0 rg BT 255.25 492.15 Td (management, ) Tj ET Q q 0 0 0 rg BT 306.44 492.15 Td (have ) Tj ET Q q 0 0 0 rg BT 326.39 492.15 Td (also ) Tj ET Q q 0 0 0 rg BT 343.85 492.15 Td (designed, ) Tj ET Q q 0 0 0 rg BT 381.06 492.15 Td (or ) Tj ET Q q 0 0 0 rg BT 391.52 492.15 Td (caused ) Tj ET Q q 0 0 0 rg BT 418.97 492.15 Td (to ) Tj ET Q q 0 0 0 rg BT 428.94 492.15 Td (be ) Tj ET Q q 0 0 0 rg BT 440.40 492.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 475.35 492.15 Td (under ) Tj ET Q q 0 0 0 rg BT 498.81 492.15 Td (their ) Tj ET Q q 0 0 0 rg BT 518.27 492.15 Td (supervision, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 481.35 Td (Internal ) Tj ET Q q 0 0 0 rg BT 84.85 481.35 Td (Control ) Tj ET Q q 0 0 0 rg BT 115.21 481.35 Td (over ) Tj ET Q q 0 0 0 rg BT 134.07 481.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 170.42 481.35 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 209.28 481.35 Td (\(的CFR能) ) Tj ET Q q 0 0 0 rg BT 246.13 481.35 Td (to ) Tj ET Q q 0 0 0 rg BT 256.00 481.35 Td (provide ) Tj ET Q q 0 0 0 rg BT 286.35 481.35 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 327.70 481.35 Td (assurance ) Tj ET Q q 0 0 0 rg BT 365.54 481.35 Td (regarding ) Tj ET Q q 0 0 0 rg BT 402.89 481.35 Td (the ) Tj ET Q q 0 0 0 rg BT 416.75 481.35 Td (reliability ) Tj ET Q q 0 0 0 rg BT 454.60 481.35 Td (of ) Tj ET Q q 0 0 0 rg BT 464.96 481.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 499.30 481.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 535.16 481.35 Td (and ) Tj ET Q q 0 0 0 rg BT 551.01 481.35 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 470.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 97.75 470.55 Td (of ) Tj ET Q q 0 0 0 rg BT 108.01 470.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.26 470.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 183.02 470.55 Td (for ) Tj ET Q q 0 0 0 rg BT 196.28 470.55 Td (external ) Tj ET Q q 0 0 0 rg BT 228.03 470.55 Td (purposes ) Tj ET Q q 0 0 0 rg BT 262.79 470.55 Td (prepared ) Tj ET Q q 0 0 0 rg BT 297.04 470.55 Td (in ) Tj ET Q q 0 0 0 rg BT 306.81 470.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 350.04 470.55 Td (with ) Tj ET Q q 0 0 0 rg BT 368.81 470.55 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 392.64 470.55 Td (The ) Tj ET Q q 0 0 0 rg BT 409.40 470.55 Td (Certifying ) Tj ET Q q 0 0 0 rg BT 449.16 470.55 Td (Of) Tj ET Q q 0 0 0 rg BT 458.49 470.55 Td (ficers ) Tj ET Q q 0 0 0 rg BT 481.25 470.55 Td (have ) Tj ET Q q 0 0 0 rg BT 501.00 470.55 Td (used ) Tj ET Q q 0 0 0 rg BT 520.27 470.55 Td (the ) Tj ET Q q 0 0 0 rg BT 534.03 470.55 Td (Internal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 459.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 83.68 459.75 Td (- ) Tj ET Q q 0 0 0 rg BT 88.86 459.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 127.52 459.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 171.18 459.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 195.86 459.75 Td (by ) Tj ET Q q 0 0 0 rg BT 207.04 459.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.22 459.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 262.39 459.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.07 459.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 315.25 459.75 Td (Or) Tj ET Q q 0 0 0 rg BT 324.59 459.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 367.76 459.75 Td (of ) Tj ET Q q 0 0 0 rg BT 377.43 459.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.45 459.75 Td (T) Tj ET Q q 0 0 0 rg BT 395.63 459.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 428.29 459.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 475.98 459.75 Td (\(鼎OSO能) ) Tj ET Q q 0 0 0 rg BT 516.15 459.75 Td (to ) Tj ET Q q 0 0 0 rg BT 525.33 459.75 Td (design ) Tj ET Q q 0 0 0 rg BT 551.01 459.75 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 448.95 Td (Company) Tj ET Q q 0 0 0 rg BT 91.50 448.95 Td (s ) Tj ET Q q 0 0 0 rg BT 97.25 448.95 Td (ICFR.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 427.35 Td (As ) Tj ET Q q 0 0 0 rg BT 65.98 427.35 Td (more ) Tj ET Q q 0 0 0 rg BT 86.45 427.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 105.43 427.35 Td (detailed ) Tj ET Q q 0 0 0 rg BT 135.89 427.35 Td (in ) Tj ET Q q 0 0 0 rg BT 144.87 427.35 Td (the ) Tj ET Q q 0 0 0 rg BT 157.84 427.35 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 212.30 427.35 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 244.53 427.35 Td (the ) Tj ET Q q 0 0 0 rg BT 257.51 427.35 Td (Certifying ) Tj ET Q q 0 0 0 rg BT 296.48 427.35 Td (Of) Tj ET Q q 0 0 0 rg BT 305.81 427.35 Td (ficers ) Tj ET Q q 0 0 0 rg BT 327.78 427.35 Td (have ) Tj ET Q q 0 0 0 rg BT 346.74 427.35 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 385.45 427.35 Td (or ) Tj ET Q q 0 0 0 rg BT 394.93 427.35 Td (caused ) Tj ET Q q 0 0 0 rg BT 421.39 427.35 Td (to ) Tj ET Q q 0 0 0 rg BT 430.37 427.35 Td (be ) Tj ET Q q 0 0 0 rg BT 440.85 427.35 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 477.30 427.35 Td (under ) Tj ET Q q 0 0 0 rg BT 499.77 427.35 Td (their ) Tj ET Q q 0 0 0 rg BT 518.24 427.35 Td (supervision, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 416.55 Td (the ) Tj ET Q q 0 0 0 rg BT 67.39 416.55 Td (design ) Tj ET Q q 0 0 0 rg BT 93.29 416.55 Td (and ) Tj ET Q q 0 0 0 rg BT 108.68 416.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 145.07 416.55 Td (ef) Tj ET Q q 0 0 0 rg BT 151.90 416.55 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 194.28 416.55 Td (of ) Tj ET Q q 0 0 0 rg BT 204.17 416.55 Td (the ) Tj ET Q q 0 0 0 rg BT 217.57 416.55 Td (Company) Tj ET Q q 0 0 0 rg BT 255.06 416.55 Td (s ) Tj ET Q q 0 0 0 rg BT 260.97 416.55 Td (DC&P) Tj ET Q q 0 0 0 rg BT 285.14 416.55 Td ( ) Tj ET Q q 0 0 0 rg BT 287.54 416.55 Td (and ) Tj ET Q q 0 0 0 rg BT 302.93 416.55 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 325.34 416.55 Td (as ) Tj ET Q q 0 0 0 rg BT 335.23 416.55 Td (at ) Tj ET Q q 0 0 0 rg BT 344.13 416.55 Td (December ) Tj ET Q q 0 0 0 rg BT 383.50 416.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 397.15 416.55 Td (2019 ) Tj ET Q q 0 0 0 rg BT 417.55 416.55 Td (and ) Tj ET Q q 0 0 0 rg BT 432.94 416.55 Td (have ) Tj ET Q q 0 0 0 rg BT 452.33 416.55 Td (concluded ) Tj ET Q q 0 0 0 rg BT 491.71 416.55 Td (that ) Tj ET Q q 0 0 0 rg BT 507.61 416.55 Td (the ) Tj ET Q q 0 0 0 rg BT 521.00 416.55 Td (Company) Tj ET Q q 0 0 0 rg BT 558.50 416.55 Td (s ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 405.75 Td (DC&P) Tj ET Q q 0 0 0 rg BT 78.17 405.75 Td ( ) Tj ET Q q 0 0 0 rg BT 80.42 405.75 Td (and ) Tj ET Q q 0 0 0 rg BT 95.67 405.75 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 117.93 405.75 Td (are ) Tj ET Q q 0 0 0 rg BT 131.16 405.75 Td (ef) Tj ET Q q 0 0 0 rg BT 137.99 405.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 164.72 405.75 Td (as ) Tj ET Q q 0 0 0 rg BT 174.47 405.75 Td (at ) Tj ET Q q 0 0 0 rg BT 183.22 405.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.95 405.75 Td (year ) Tj ET Q q 0 0 0 rg BT 234.69 405.75 Td (end. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 384.15 Td (The ) Tj ET Q q 0 0 0 rg BT 69.32 384.15 Td (Audit ) Tj ET Q q 0 0 0 rg BT 91.53 384.15 Td (and ) Tj ET Q q 0 0 0 rg BT 106.23 384.15 Td (Governance ) Tj ET Q q 0 0 0 rg BT 151.41 384.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 193.11 384.15 Td (is ) Tj ET Q q 0 0 0 rg BT 200.81 384.15 Td (appointed ) Tj ET Q q 0 0 0 rg BT 238.01 384.15 Td (by ) Tj ET Q q 0 0 0 rg BT 248.71 384.15 Td (the ) Tj ET Q q 0 0 0 rg BT 261.41 384.15 Td (Board ) Tj ET Q q 0 0 0 rg BT 285.11 384.15 Td (and ) Tj ET Q q 0 0 0 rg BT 299.81 384.15 Td (is ) Tj ET Q q 0 0 0 rg BT 307.52 384.15 Td (comprised ) Tj ET Q q 0 0 0 rg BT 346.72 384.15 Td (of ) Tj ET Q q 0 0 0 rg BT 355.92 384.15 Td (independent ) Tj ET Q q 0 0 0 rg BT 401.61 384.15 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 438.93 384.15 Td (The ) Tj ET Q q 0 0 0 rg BT 454.62 384.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 496.32 384.15 Td (meets ) Tj ET Q q 0 0 0 rg BT 519.02 384.15 Td (periodically ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 373.35 Td (with ) Tj ET Q q 0 0 0 rg BT 71.76 373.35 Td (Management ) Tj ET Q q 0 0 0 rg BT 120.50 373.35 Td (and ) Tj ET Q q 0 0 0 rg BT 135.25 373.35 Td (the ) Tj ET Q q 0 0 0 rg BT 148.01 373.35 Td (independent ) Tj ET Q q 0 0 0 rg BT 193.75 373.35 Td (external ) Tj ET Q q 0 0 0 rg BT 224.49 373.35 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 257.50 373.35 Td (to ) Tj ET Q q 0 0 0 rg BT 266.25 373.35 Td (discuss ) Tj ET Q q 0 0 0 rg BT 294.02 373.35 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 332.27 373.35 Td (controls ) Tj ET Q q 0 0 0 rg BT 363.02 373.35 Td (and ) Tj ET Q q 0 0 0 rg BT 377.77 373.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 407.02 373.35 Td (control ) Tj ET Q q 0 0 0 rg BT 434.27 373.35 Td (over ) Tj ET Q q 0 0 0 rg BT 452.02 373.35 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 373.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.02 373.35 Td (reporting ) Tj ET Q q 0 0 0 rg BT 532.77 373.35 Td (process, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 362.55 Td (auditing ) Tj ET Q q 0 0 0 rg BT 86.80 362.55 Td (matters ) Tj ET Q q 0 0 0 rg BT 116.58 362.55 Td (and ) Tj ET Q q 0 0 0 rg BT 132.88 362.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.66 362.55 Td (reporting ) Tj ET Q q 0 0 0 rg BT 203.95 362.55 Td (issues ) Tj ET Q q 0 0 0 rg BT 228.75 362.55 Td (to ) Tj ET Q q 0 0 0 rg BT 239.05 362.55 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 265.85 362.55 Td (itself ) Tj ET Q q 0 0 0 rg BT 287.14 362.55 Td (that ) Tj ET Q q 0 0 0 rg BT 303.94 362.55 Td (each ) Tj ET Q q 0 0 0 rg BT 323.72 362.55 Td (party ) Tj ET Q q 0 0 0 rg BT 345.51 362.55 Td (is ) Tj ET Q q 0 0 0 rg BT 354.81 362.55 Td (properly ) Tj ET Q q 0 0 0 rg BT 388.60 362.55 Td (dischar) Tj ET Q q 0 0 0 rg BT 414.43 362.55 Td (ging ) Tj ET Q q 0 0 0 rg BT 433.73 362.55 Td (its ) Tj ET Q q 0 0 0 rg BT 445.53 362.55 Td (responsibilities. ) Tj ET Q q 0 0 0 rg BT 505.58 362.55 Td ( ) Tj ET Q q 0 0 0 rg BT 508.64 362.55 Td (The ) Tj ET Q q 0 0 0 rg BT 525.20 362.55 Td (Audit ) Tj ET Q q 0 0 0 rg BT 549.00 362.55 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 351.75 Td (Governance ) Tj ET Q q 0 0 0 rg BT 99.91 351.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 142.35 351.75 Td (reviews ) Tj ET Q q 0 0 0 rg BT 172.78 351.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.21 351.75 Td (Company) Tj ET Q q 0 0 0 rg BT 223.71 351.75 Td (s ) Tj ET Q q 0 0 0 rg BT 229.65 351.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 256.08 351.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 304.00 351.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.93 351.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 380.61 351.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.04 351.75 Td (external ) Tj ET Q q 0 0 0 rg BT 425.46 351.75 Td (auditors) Tj ET Q q 0 0 0 rg BT 456.79 351.75 Td ( ) Tj ET Q q 0 0 0 rg BT 459.22 351.75 Td (report ) Tj ET Q q 0 0 0 rg BT 483.15 351.75 Td (and ) Tj ET Q q 0 0 0 rg BT 498.59 351.75 Td (other ) Tj ET Q q 0 0 0 rg BT 519.52 351.75 Td (information ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 340.95 Td (in ) Tj ET Q q 0 0 0 rg BT 62.69 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 75.01 340.95 Td (Annual ) Tj ET Q q 0 0 0 rg BT 103.20 340.95 Td (Report, ) Tj ET Q q 0 0 0 rg BT 131.63 340.95 Td (and ) Tj ET Q q 0 0 0 rg BT 146.32 340.95 Td (reports ) Tj ET Q q 0 0 0 rg BT 173.01 340.95 Td (its ) Tj ET Q q 0 0 0 rg BT 183.20 340.95 Td (findings ) Tj ET Q q 0 0 0 rg BT 214.40 340.95 Td (to ) Tj ET Q q 0 0 0 rg BT 223.09 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 235.78 340.95 Td (Board ) Tj ET Q q 0 0 0 rg BT 259.46 340.95 Td (for ) Tj ET Q q 0 0 0 rg BT 271.65 340.95 Td (consideration ) Tj ET Q q 0 0 0 rg BT 321.83 340.95 Td (by ) Tj ET Q q 0 0 0 rg BT 332.52 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 345.21 340.95 Td (Board ) Tj ET Q q 0 0 0 rg BT 368.90 340.95 Td (when ) Tj ET Q q 0 0 0 rg BT 390.08 340.95 Td (it ) Tj ET Q q 0 0 0 rg BT 396.78 340.95 Td (approves ) Tj ET Q q 0 0 0 rg BT 430.96 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 443.65 340.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 490.83 340.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.00 340.95 Td (statements ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 330.15 Td (for ) Tj ET Q q 0 0 0 rg BT 66.74 330.15 Td (issuance ) Tj ET Q q 0 0 0 rg BT 99.48 330.15 Td (to ) Tj ET Q q 0 0 0 rg BT 108.73 330.15 Td (the ) Tj ET Q q 0 0 0 rg BT 121.98 330.15 Td (shareholders.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 308.55 Td (The ) Tj ET Q q 0 0 0 rg BT 69.86 308.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 117.22 308.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.58 308.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 190.44 308.55 Td (have ) Tj ET Q q 0 0 0 rg BT 209.30 308.55 Td (been ) Tj ET Q q 0 0 0 rg BT 228.16 308.55 Td (audited ) Tj ET Q q 0 0 0 rg BT 256.52 308.55 Td (by ) Tj ET Q q 0 0 0 rg BT 267.39 308.55 Td (BDO ) Tj ET Q q 0 0 0 rg BT 288.26 308.55 Td (Canada ) Tj ET Q q 0 0 0 rg BT 317.12 308.55 Td (LLP) Tj ET Q q 0 0 0 rg BT 332.12 308.55 Td (, ) Tj ET Q q 0 0 0 rg BT 336.25 308.55 Td (the ) Tj ET Q q 0 0 0 rg BT 349.11 308.55 Td (independent ) Tj ET Q q 0 0 0 rg BT 394.97 308.55 Td (external ) Tj ET Q q 0 0 0 rg BT 425.82 308.55 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 458.94 308.55 Td (in ) Tj ET Q q 0 0 0 rg BT 467.81 308.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 510.14 308.55 Td (with ) Tj ET Q q 0 0 0 rg BT 528.02 308.55 Td (Canadian ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 297.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.29 297.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 122.57 297.75 Td (auditing ) Tj ET Q q 0 0 0 rg BT 153.87 297.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 189.67 297.75 Td (on ) Tj ET Q q 0 0 0 rg BT 200.48 297.75 Td (behalf ) Tj ET Q q 0 0 0 rg BT 224.77 297.75 Td (of ) Tj ET Q q 0 0 0 rg BT 234.08 297.75 Td (the ) Tj ET Q q 0 0 0 rg BT 246.88 297.75 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 297.92 297.75 Td ( ) Tj ET Q q 0 0 0 rg BT 299.60 297.75 Td (The ) Tj ET Q q 0 0 0 rg BT 315.40 297.75 Td (Independent ) Tj ET Q q 0 0 0 rg BT 361.29 297.75 Td (Auditor's ) Tj ET Q q 0 0 0 rg BT 396.22 297.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 422.52 297.75 Td (outlines ) Tj ET Q q 0 0 0 rg BT 452.83 297.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.63 297.75 Td (nature ) Tj ET Q q 0 0 0 rg BT 489.92 297.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.23 297.75 Td (their ) Tj ET Q q 0 0 0 rg BT 517.53 297.75 Td (examination ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 286.95 Td (and ) Tj ET Q q 0 0 0 rg BT 69.49 286.95 Td (their ) Tj ET Q q 0 0 0 rg BT 88.47 286.95 Td (opinion ) Tj ET Q q 0 0 0 rg BT 118.46 286.95 Td (on ) Tj ET Q q 0 0 0 rg BT 129.95 286.95 Td (the ) Tj ET Q q 0 0 0 rg BT 143.44 286.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.42 286.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.39 286.95 Td (statements. ) Tj ET Q q 0 0 0 rg BT 268.12 286.95 Td ( ) Tj ET Q q 0 0 0 rg BT 270.61 286.95 Td ( ) Tj ET Q q 0 0 0 rg BT 273.10 286.95 Td (BDO ) Tj ET Q q 0 0 0 rg BT 294.59 286.95 Td (Canada ) Tj ET Q q 0 0 0 rg BT 324.07 286.95 Td (LLP) Tj ET Q q 0 0 0 rg BT 339.74 286.95 Td ( ) Tj ET Q q 0 0 0 rg BT 342.23 286.95 Td (has ) Tj ET Q q 0 0 0 rg BT 356.72 286.95 Td (full ) Tj ET Q q 0 0 0 rg BT 371.71 286.95 Td (and ) Tj ET Q q 0 0 0 rg BT 387.19 286.95 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 432.16 286.95 Td (access ) Tj ET Q q 0 0 0 rg BT 457.64 286.95 Td (to ) Tj ET Q q 0 0 0 rg BT 467.13 286.95 Td (the ) Tj ET Q q 0 0 0 rg BT 480.06 286.95 Td (Audit ) Tj ET Q q 0 0 0 rg BT 503.06 286.95 Td (and ) Tj ET Q q 0 0 0 rg BT 518.54 286.95 Td (Governance ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 276.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.24 276.15 Td (to ) Tj ET Q q 0 0 0 rg BT 105.50 276.15 Td (discuss ) Tj ET Q q 0 0 0 rg BT 133.75 276.15 Td (their ) Tj ET Q q 0 0 0 rg BT 152.49 276.15 Td (audit ) Tj ET Q q 0 0 0 rg BT 172.74 276.15 Td (and ) Tj ET Q q 0 0 0 rg BT 187.98 276.15 Td (related ) Tj ET Q q 0 0 0 rg BT 214.71 276.15 Td (findings ) Tj ET Q q 0 0 0 rg BT 246.46 276.15 Td (as ) Tj ET Q q 0 0 0 rg BT 256.21 276.15 Td (to ) Tj ET Q q 0 0 0 rg BT 265.46 276.15 Td (the ) Tj ET Q q 0 0 0 rg BT 278.71 276.15 Td (integrity ) Tj ET Q q 0 0 0 rg BT 311.45 276.15 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 276.15 Td (the ) Tj ET Q q 0 0 0 rg BT 334.44 276.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.17 276.15 Td (reporting.) Tj ET Q /GS0 gs q 84.00 0 0 50.00 54.00 209.15 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 198.35 Td (Barry ) Tj ET Q q 0 0 0 rg BT 76.74 198.35 Td (Shafran) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 187.55 Td (President ) Tj ET Q q 0 0 0 rg BT 89.75 187.55 Td (& ) Tj ET Q q 0 0 0 rg BT 99.00 187.55 Td (CEO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 176.75 Td (March ) Tj ET Q q 0 0 0 rg BT 79.74 176.75 Td (18, ) Tj ET Q q 0 0 0 rg BT 93.24 176.75 Td (2020) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q 0.47058823529411764 0.40784313725490196 0.3764705882352941 RG /GS0 gs 4.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 731.6 m 562.5 731.6 l s 0.4980392156862745 0.4980392156862745 0.4980392156862745 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 696.6 m 562.5 696.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 712.28 Td (Independent ) Tj ET Q q 0 0 0 rg BT 108.85 712.28 Td (Auditor) Tj ET Q q 0 0 0 rg BT 142.93 712.28 Td () Tj ET Q q 0 0 0 rg BT 145.89 712.28 Td (s Report) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 673.10 Td (o ) Tj ET Q q 0 0 0 rg BT 63.25 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.08 673.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 99.46 673.10 Td (eholders ) Tj ET Q q 0 0 0 rg BT 138.07 673.10 Td (of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Chesswood Gr) Tj ET Q q 0 0 0 rg BT 112.32 658.10 Td (oup Limited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 613.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.10 613.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.00 613.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 120.46 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.70 613.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 189.27 613.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.27 613.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.51 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.86 613.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 333.00 613.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 361.57 613.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 396.26 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.72 613.10 Td (its ) Tj ET Q q 0 0 0 rg BT 426.19 613.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 476.43 613.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 495.00 613.10 Td ("Group"\), ) Tj ET Q q 0 0 0 rg BT 537.57 613.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 88.93 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.43 601.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 156.25 601.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 200.74 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.35 601.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.61 601.10 Td (position ) Tj ET Q q 0 0 0 rg BT 283.12 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 293.73 601.10 Td (at ) Tj ET Q q 0 0 0 rg BT 303.22 601.10 Td (December ) Tj ET Q q 0 0 0 rg BT 346.59 601.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 361.37 601.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 383.65 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.36 601.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 425.14 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.86 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.36 601.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 509.18 601.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.67 601.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 83.96 589.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 146.53 589.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 180.49 589.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.73 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.54 589.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 251.56 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.03 589.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 287.83 589.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 312.08 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.77 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.02 589.10 Td (years ) Tj ET Q q 0 0 0 rg BT 363.15 589.10 Td (then ) Tj ET Q q 0 0 0 rg BT 382.39 589.10 Td (ended, ) Tj ET Q q 0 0 0 rg BT 410.80 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.27 589.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 450.41 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.22 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.46 589.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.04 589.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 97.21 577.10 Td (including ) Tj ET Q q 0 0 0 rg BT 137.49 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 577.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 184.14 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.97 577.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 239.68 577.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 286.05 577.10 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.81 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.62 559.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 109.16 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.85 559.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 182.64 559.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 234.66 559.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.12 559.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 314.81 559.10 Td (present ) Tj ET Q q 0 0 0 rg BT 345.17 559.10 Td (fairly) Tj ET Q q 0 0 0 rg BT 366.18 559.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.16 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.41 559.10 Td (all ) Tj ET Q q 0 0 0 rg BT 390.89 559.10 Td (material ) Tj ET Q q 0 0 0 rg BT 425.13 559.10 Td (respects, ) Tj ET Q q 0 0 0 rg BT 461.31 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.01 559.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.03 559.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (position ) Tj ET Q q 0 0 0 rg BT 85.15 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.40 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.53 547.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 140.00 547.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.25 547.10 Td (at ) Tj ET Q q 0 0 0 rg BT 161.39 547.10 Td (December ) Tj ET Q q 0 0 0 rg BT 205.40 547.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 220.82 547.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 243.74 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.09 547.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 286.51 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.87 547.10 Td (its ) Tj ET Q q 0 0 0 rg BT 316.24 547.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 369.70 547.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 407.60 547.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 461.04 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.40 547.10 Td (its ) Tj ET Q q 0 0 0 rg BT 490.77 547.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 544.23 547.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.72 535.10 Td (for ) Tj ET Q q 0 0 0 rg BT 88.88 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.60 535.10 Td (years ) Tj ET Q q 0 0 0 rg BT 127.20 535.10 Td (then ) Tj ET Q q 0 0 0 rg BT 146.91 535.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 173.29 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.57 535.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 231.03 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.31 535.10 Td (International ) Tj ET Q q 0 0 0 rg BT 304.90 535.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 344.61 535.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 387.10 535.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 429.04 535.10 Td (\(IFRS\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.73 517.10 Td (for) Tj ET Q q 0 0 0 rg BT 87.32 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.82 517.10 Td (Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 499.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.48 499.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 110.97 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.71 499.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 151.10 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.29 499.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 210.65 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.83 499.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 273.00 499.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 313.60 499.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 351.97 499.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 388.15 499.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 431.82 499.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 450.77 499.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 514.73 499.10 Td (under ) Tj ET Q q 0 0 0 rg BT 540.90 499.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.05 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.53 487.10 Td (further ) Tj ET Q q 0 0 0 rg BT 134.02 487.10 Td (described ) Tj ET Q q 0 0 0 rg BT 174.62 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.67 487.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 199.17 487.10 Td (Auditor) Tj ET Q q 0 0 0 rg BT 230.10 487.10 Td () Tj ET Q q 0 0 0 rg BT 232.14 487.10 Td (s ) Tj ET Q q 0 0 0 rg BT 238.31 487.10 Td (Responsibilities ) Tj ET Q q 0 0 0 rg BT 303.92 487.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.87 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.20 487.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 356.14 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.20 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.70 487.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 436.31 487.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.47 487.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.08 487.10 Td (section ) Tj ET Q q 0 0 0 rg BT 553.68 487.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.65 475.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 96.10 475.10 Td (W) Tj ET Q q 0 0 0 rg BT 104.74 475.10 Td (e ) Tj ET Q q 0 0 0 rg BT 112.49 475.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.02 475.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 180.21 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.85 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.39 475.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 236.26 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.35 475.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 295.63 475.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.72 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.26 475.10 Td (ethical ) Tj ET Q q 0 0 0 rg BT 362.23 475.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 417.74 475.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.06 475.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.58 475.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 487.10 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.19 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.84 475.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 538.15 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 475.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.96 463.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.36 463.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 187.99 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.18 463.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 235.08 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.94 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.02 463.10 Td (have ) Tj ET Q q 0 0 0 rg BT 290.31 463.10 Td (fulfilled ) Tj ET Q q 0 0 0 rg BT 325.94 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.69 463.10 Td (other ) Tj ET Q q 0 0 0 rg BT 366.65 463.10 Td (ethical ) Tj ET Q q 0 0 0 rg BT 396.72 463.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 460.69 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.88 463.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 520.26 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 541.45 463.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 106.69 451.10 Td (W) Tj ET Q q 0 0 0 rg BT 115.32 451.10 Td (e ) Tj ET Q q 0 0 0 rg BT 121.90 451.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 152.91 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 170.05 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.40 451.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 206.53 451.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 244.21 451.10 Td (we ) Tj ET Q q 0 0 0 rg BT 258.00 451.10 Td (have ) Tj ET Q q 0 0 0 rg BT 279.02 451.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 315.59 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.40 451.10 Td (suf) Tj ET Q q 0 0 0 rg BT 336.44 451.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 364.12 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.70 451.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 428.37 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.29 451.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 470.97 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.55 451.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 499.69 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.49 451.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.96 451.10 Td (opinion. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 433.10 Td (Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.70 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.87 415.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 161.92 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.08 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.80 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 213.84 415.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 265.87 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 283.92 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 306.97 415.10 Td (information ) Tj ET Q q 0 0 0 rg BT 356.68 415.10 Td (comprises: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.05 403.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 138.26 403.10 Td (other ) Tj ET Q q 0 0 0 rg BT 161.31 403.10 Td (than ) Tj ET Q q 0 0 0 rg BT 181.02 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.74 403.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.22 403.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 277.93 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.87 403.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.70 403.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 339.40 403.10 Td () Tj ET Q q 0 0 0 rg BT 342.17 403.10 Td (s ) Tj ET Q q 0 0 0 rg BT 348.57 403.10 Td (report ) Tj ET Q q 0 0 0 rg BT 374.94 403.10 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 409.93 403.10 Td (included ) Tj ET Q q 0 0 0 rg BT 446.86 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.14 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.31 403.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 503.24 403.10 Td (Report,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 532.96 403.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.46 403.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.05 391.10 Td (information ) Tj ET Q q 0 0 0 rg BT 135.76 391.10 Td (included ) Tj ET Q q 0 0 0 rg BT 172.69 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.97 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.69 391.10 Td (Management) Tj ET Q q 0 0 0 rg BT 252.67 391.10 Td (s ) Tj ET Q q 0 0 0 rg BT 259.06 391.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 305.45 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.84 391.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 359.34 391.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.50 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.21 391.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.92 391.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 434.30 391.10 Td (December ) Tj ET Q q 0 0 0 rg BT 477.88 391.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 492.88 391.10 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 512.88 391.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.63 373.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 102.27 373.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.34 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.64 373.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 184.26 373.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.32 373.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 267.61 373.10 Td (does ) Tj ET Q q 0 0 0 rg BT 289.02 373.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.88 373.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 330.16 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.46 373.10 Td (other ) Tj ET Q q 0 0 0 rg BT 369.08 373.10 Td (information ) Tj ET Q q 0 0 0 rg BT 419.37 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.89 373.10 Td (we ) Tj ET Q q 0 0 0 rg BT 451.63 373.10 Td (do ) Tj ET Q q 0 0 0 rg BT 464.71 373.10 Td (not ) Tj ET Q q 0 0 0 rg BT 480.56 373.10 Td (express ) Tj ET Q q 0 0 0 rg BT 513.63 373.10 Td (any ) Tj ET Q q 0 0 0 rg BT 531.15 373.10 Td (form ) Tj ET Q q 0 0 0 rg BT 553.67 373.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.37 361.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 137.19 361.10 Td (thereon.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.56 343.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.67 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.68 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.24 343.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 164.47 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.03 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.48 343.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 242.26 343.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 279.47 343.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 326.42 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 341.98 343.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 398.66 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.56 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.57 343.10 Td (read ) Tj ET Q q 0 0 0 rg BT 437.01 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.46 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 474.24 343.10 Td (information ) Tj ET Q q 0 0 0 rg BT 523.68 343.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (above ) Tj ET Q q 0 0 0 rg BT 75.67 331.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 94.40 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.97 331.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 128.54 331.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 141.72 331.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 177.39 331.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 211.39 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.40 331.10 Td (other ) Tj ET Q q 0 0 0 rg BT 247.74 331.10 Td (information ) Tj ET Q q 0 0 0 rg BT 296.74 331.10 Td (is ) Tj ET Q q 0 0 0 rg BT 305.21 331.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 347.53 331.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 397.10 331.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.67 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.68 331.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 483.01 331.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 331.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 319.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 123.04 319.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 159.97 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.25 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.97 319.10 Td (audit, ) Tj ET Q q 0 0 0 rg BT 209.96 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.79 319.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 262.17 319.10 Td (appears ) Tj ET Q q 0 0 0 rg BT 295.21 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.48 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.42 319.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 360.46 319.10 Td (misstated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 301.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.45 301.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 102.26 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.85 301.10 Td (Management) Tj ET Q q 0 0 0 rg BT 171.83 301.10 Td (s ) Tj ET Q q 0 0 0 rg BT 178.10 301.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 224.36 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.65 301.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 278.03 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.31 301.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 326.13 301.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 355.72 301.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 377.53 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.68 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.28 301.10 Td (date ) Tj ET Q q 0 0 0 rg BT 421.31 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.01 301.10 Td (this ) Tj ET Q q 0 0 0 rg BT 448.83 301.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 477.53 301.10 Td () Tj ET Q q 0 0 0 rg BT 480.31 301.10 Td (s ) Tj ET Q q 0 0 0 rg BT 486.57 301.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 515.33 301.10 Td (If, ) Tj ET Q q 0 0 0 rg BT 526.86 301.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.00 301.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.21 289.10 Td (work ) Tj ET Q q 0 0 0 rg BT 86.76 289.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.42 289.10 Td (have ) Tj ET Q q 0 0 0 rg BT 121.29 289.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 164.94 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.93 289.10 Td (this ) Tj ET Q q 0 0 0 rg BT 193.38 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 215.92 289.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 267.63 289.10 Td (we ) Tj ET Q q 0 0 0 rg BT 281.29 289.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 319.38 289.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.37 289.10 Td (there ) Tj ET Q q 0 0 0 rg BT 358.35 289.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.02 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.46 289.10 Td (material ) Tj ET Q q 0 0 0 rg BT 408.21 289.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 462.98 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.31 289.10 Td (this ) Tj ET Q q 0 0 0 rg BT 489.75 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 512.29 289.10 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 277.10 Td (are ) Tj ET Q q 0 0 0 rg BT 78.87 277.10 Td (required ) Tj ET Q q 0 0 0 rg BT 114.68 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.96 277.10 Td (report ) Tj ET Q q 0 0 0 rg BT 151.34 277.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.83 277.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 186.32 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.60 277.10 Td (this ) Tj ET Q q 0 0 0 rg BT 213.54 277.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 242.24 277.10 Td () Tj ET Q q 0 0 0 rg BT 245.02 277.10 Td (s ) Tj ET Q q 0 0 0 rg BT 251.41 277.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 280.11 277.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.75 277.10 Td (e ) Tj ET Q q 0 0 0 rg BT 295.68 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 317.06 277.10 Td (nothing ) Tj ET Q q 0 0 0 rg BT 350.12 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.40 277.10 Td (report ) Tj ET Q q 0 0 0 rg BT 386.77 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.05 277.10 Td (this ) Tj ET Q q 0 0 0 rg BT 414.00 277.10 Td (regard. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (Responsibilities ) Tj ET Q q 0 0 0 rg BT 119.18 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.01 259.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 188.61 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.05 259.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 235.11 259.10 Td (Charged ) Tj ET Q q 0 0 0 rg BT 274.83 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 296.23 259.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 350.38 259.10 Td (for) Tj ET Q q 0 0 0 rg BT 362.97 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.47 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.30 259.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 439.92 259.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 482.43 259.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.84 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.15 241.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 162.33 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.63 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.48 241.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 239.65 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.72 241.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 273.24 241.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 324.75 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.71 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.57 241.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 403.75 241.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.36 241.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 486.21 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.63 241.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.22 241.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 76.61 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.04 229.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.68 229.10 Td (such ) Tj ET Q q 0 0 0 rg BT 130.00 229.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 163.53 229.10 Td (control ) Tj ET Q q 0 0 0 rg BT 194.84 229.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.16 229.10 Td (management ) Tj ET Q q 0 0 0 rg BT 260.24 229.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 307.10 229.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.75 229.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 358.61 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.37 229.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 398.45 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.66 229.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 462.18 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.50 229.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.02 229.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.71 217.10 Td (that ) Tj ET Q q 0 0 0 rg BT 112.21 217.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.91 217.10 Td (free ) Tj ET Q q 0 0 0 rg BT 144.95 217.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.89 217.10 Td (material ) Tj ET Q q 0 0 0 rg BT 202.15 217.10 Td (misstatement, ) Tj ET Q q 0 0 0 rg BT 259.92 217.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 294.62 217.10 Td (due ) Tj ET Q q 0 0 0 rg BT 311.56 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.84 217.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 345.44 217.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.27 217.10 Td (error) Tj ET Q q 0 0 0 rg BT 375.15 217.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.02 199.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 102.03 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.94 199.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 170.17 199.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 207.84 199.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 255.25 199.10 Td (management ) Tj ET Q q 0 0 0 rg BT 309.03 199.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.39 199.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 366.63 199.10 Td (for ) Tj ET Q q 0 0 0 rg BT 380.98 199.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 420.90 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.80 199.10 Td (Group) Tj ET Q q 0 0 0 rg BT 464.13 199.10 Td (s ) Tj ET Q q 0 0 0 rg BT 470.72 199.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 498.96 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.43 199.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 546.56 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.58 199.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (going ) Tj ET Q q 0 0 0 rg BT 75.07 187.10 Td (concern, ) Tj ET Q q 0 0 0 rg BT 111.51 187.10 Td (disclosing, ) Tj ET Q q 0 0 0 rg BT 156.87 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.49 187.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 213.37 187.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 245.10 187.10 Td (related ) Tj ET Q q 0 0 0 rg BT 274.60 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.67 187.10 Td (going ) Tj ET Q q 0 0 0 rg BT 309.75 187.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 343.69 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.42 187.10 Td (using ) Tj ET Q q 0 0 0 rg BT 384.38 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.90 187.10 Td (going ) Tj ET Q q 0 0 0 rg BT 423.97 187.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 457.91 187.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 480.21 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.83 187.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 537.00 187.10 Td (unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.59 175.10 Td (either ) Tj ET Q q 0 0 0 rg BT 128.85 175.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 160.24 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.52 175.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 208.01 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.72 175.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 250.78 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.61 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.88 175.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 296.03 175.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 342.69 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.52 175.10 Td (has ) Tj ET Q q 0 0 0 rg BT 369.35 175.10 Td (no ) Tj ET Q q 0 0 0 rg BT 381.85 175.10 Td (realistic ) Tj ET Q q 0 0 0 rg BT 416.00 175.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 460.69 175.10 Td (but ) Tj ET Q q 0 0 0 rg BT 475.97 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.25 175.10 Td (do ) Tj ET Q q 0 0 0 rg BT 498.75 175.10 Td (so. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Those char) Tj ET Q q 0 0 0 rg BT 93.96 157.10 Td (ged with governance are responsible for overseeing the Group) Tj ET Q q 0 0 0 rg BT 345.54 157.10 Td (s financial reporting process. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Auditor) Tj ET Q q 0 0 0 rg BT 84.07 139.10 Td () Tj ET Q q 0 0 0 rg BT 87.03 139.10 Td (s ) Tj ET Q q 0 0 0 rg BT 93.42 139.10 Td (Responsibilities ) Tj ET Q q 0 0 0 rg BT 162.60 139.10 Td (for) Tj ET Q q 0 0 0 rg BT 175.19 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.69 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.97 139.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 219.92 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.75 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.58 139.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 305.21 139.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 347.71 139.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.36 121.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 111.71 121.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.72 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.31 121.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 165.11 121.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 210.67 121.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 252.35 121.10 Td (about ) Tj ET Q q 0 0 0 rg BT 277.37 121.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 312.39 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.41 121.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 380.76 121.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.55 121.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 463.57 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.71 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.95 121.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 509.20 121.10 Td (are ) Tj ET Q q 0 0 0 rg BT 524.21 121.10 Td (free ) Tj ET Q q 0 0 0 rg BT 542.56 121.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.23 109.10 Td (misstatement, ) Tj ET Q q 0 0 0 rg BT 140.98 109.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 174.66 109.10 Td (due ) Tj ET Q q 0 0 0 rg BT 190.58 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.83 109.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 222.41 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.21 109.10 Td (error) Tj ET Q q 0 0 0 rg BT 251.24 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 255.22 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.13 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.39 109.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 301.86 109.10 Td (an ) Tj ET Q q 0 0 0 rg BT 312.78 109.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 341.47 109.10 Td () Tj ET Q q 0 0 0 rg BT 344.25 109.10 Td (s ) Tj ET Q q 0 0 0 rg BT 349.62 109.10 Td (report ) Tj ET Q q 0 0 0 rg BT 374.97 109.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.44 109.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 426.24 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.05 109.10 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 475.58 109.10 Td (Reasonable ) Tj ET Q q 0 0 0 rg BT 523.15 109.10 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.56 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 64.89 97.10 Td (high ) Tj ET Q q 0 0 0 rg BT 84.56 97.10 Td (level ) Tj ET Q q 0 0 0 rg BT 105.88 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.11 97.10 Td (assurance, ) Tj ET Q q 0 0 0 rg BT 159.36 97.10 Td (but ) Tj ET Q q 0 0 0 rg BT 174.03 97.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.59 97.10 Td (not ) Tj ET Q q 0 0 0 rg BT 197.26 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.59 97.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 244.35 97.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.23 97.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.56 97.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 294.45 97.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 337.43 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.10 97.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 393.96 97.10 Td (with ) Tj ET Q q 0 0 0 rg BT 413.63 97.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 453.28 97.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 492.37 97.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 529.23 97.10 Td (auditing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 89.65 85.10 Td (will ) Tj ET Q q 0 0 0 rg BT 107.09 85.10 Td (always ) Tj ET Q q 0 0 0 rg BT 136.75 85.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 162.50 85.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.82 85.10 Td (material ) Tj ET Q q 0 0 0 rg BT 203.47 85.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 258.12 85.10 Td (when ) Tj ET Q q 0 0 0 rg BT 281.66 85.10 Td (it ) Tj ET Q q 0 0 0 rg BT 289.10 85.10 Td (exists. ) Tj ET Q q 0 0 0 rg BT 316.26 85.10 Td (Misstatements ) Tj ET Q q 0 0 0 rg BT 375.92 85.10 Td (can ) Tj ET Q q 0 0 0 rg BT 391.68 85.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 412.44 85.10 Td (from ) Tj ET Q q 0 0 0 rg BT 433.77 85.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 456.75 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.96 85.10 Td (error ) Tj ET Q q 0 0 0 rg BT 488.27 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.60 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.69 85.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.92 73.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 95.69 73.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 146.18 73.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.68 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.62 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.00 73.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 224.52 73.10 Td (they ) Tj ET Q q 0 0 0 rg BT 243.90 73.10 Td (could ) Tj ET Q q 0 0 0 rg BT 268.28 73.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 313.75 73.10 Td (be ) Tj ET Q q 0 0 0 rg BT 325.36 73.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 363.05 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.99 73.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 412.35 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.73 73.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 467.77 73.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 507.15 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.64 73.10 Td (users ) Tj ET Q q 0 0 0 rg BT 540.35 73.10 Td (taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 61.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 99.72 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.55 61.10 Td (these ) Tj ET Q q 0 0 0 rg BT 133.59 61.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 186.64 61.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.12 61.10 Td (statements.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.97 742.10 Td (part ) Tj ET Q q 0 0 0 rg BT 82.38 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.56 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 105.86 742.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 128.71 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.35 742.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 187.17 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.80 742.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 248.43 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 288.49 742.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 326.31 742.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 361.95 742.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 405.07 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 419.59 742.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 455.20 742.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 506.94 742.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 547.57 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 87.49 730.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 138.87 730.10 Td (skepticism ) Tj ET Q q 0 0 0 rg BT 184.14 730.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 230.53 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.24 730.10 Td (audit. ) Tj ET Q q 0 0 0 rg BT 270.06 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.70 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 285.63 730.10 Td (also: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 718.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 102.01 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.80 718.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 145.59 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.16 718.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 181.41 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.09 718.10 Td (material ) Tj ET Q q 0 0 0 rg BT 227.20 718.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 282.32 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.58 718.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 360.47 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 397.80 718.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 444.87 718.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 479.43 718.10 Td (due ) Tj ET Q q 0 0 0 rg BT 496.22 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.35 718.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 529.80 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 540.48 718.10 Td (error) Tj ET Q q 0 0 0 rg BT 559.51 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (design ) Tj ET Q q 0 0 0 rg BT 96.46 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.26 706.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 147.82 706.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 170.17 706.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 216.39 706.10 Td (responsive ) Tj ET Q q 0 0 0 rg BT 261.51 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.65 706.10 Td (those ) Tj ET Q q 0 0 0 rg BT 295.11 706.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 318.86 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.65 706.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 363.00 706.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 385.35 706.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 423.24 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.59 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.61 706.10 Td (suf) Tj ET Q q 0 0 0 rg BT 461.65 706.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 489.55 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.35 706.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 554.23 706.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 694.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 101.01 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.92 694.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 130.39 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.51 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.31 694.10 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 195.66 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.67 694.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 231.14 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.94 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 257.18 694.10 Td (detecting ) Tj ET Q q 0 0 0 rg BT 296.30 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.21 694.10 Td (material ) Tj ET Q q 0 0 0 rg BT 338.43 694.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 393.67 694.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 431.13 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 453.04 694.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 476.60 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 485.74 694.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 513.75 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 533.44 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 547.56 694.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 106.07 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.59 682.10 Td (error) Tj ET Q q 0 0 0 rg BT 147.62 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.20 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.61 682.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 188.78 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 209.08 682.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 242.15 682.10 Td (collusion, ) Tj ET Q q 0 0 0 rg BT 284.40 682.10 Td (for) Tj ET Q q 0 0 0 rg BT 295.88 682.10 Td (gery) Tj ET Q q 0 0 0 rg BT 313.00 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.57 682.10 Td (intentional ) Tj ET Q q 0 0 0 rg BT 364.42 682.10 Td (omissions, ) Tj ET Q q 0 0 0 rg BT 410.01 682.10 Td (misrepresentations, ) Tj ET Q q 0 0 0 rg BT 490.57 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.98 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.27 682.10 Td (override ) Tj ET Q q 0 0 0 rg BT 553.67 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 101.04 670.10 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td (Obtain ) Tj ET Q q 0 0 0 rg BT 98.07 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 110.36 658.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 169.86 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.04 658.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 214.44 658.10 Td (control ) Tj ET Q q 0 0 0 rg BT 245.61 658.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 280.66 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.29 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.36 658.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 329.21 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.83 658.10 Td (order ) Tj ET Q q 0 0 0 rg BT 363.78 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.41 658.10 Td (design ) Tj ET Q q 0 0 0 rg BT 403.37 658.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 426.22 658.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 472.94 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.78 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 505.84 658.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 554.22 658.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 646.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 144.36 646.10 Td (but ) Tj ET Q q 0 0 0 rg BT 159.64 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 174.91 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.07 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.79 646.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 237.95 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.78 646.10 Td (expressing ) Tj ET Q q 0 0 0 rg BT 294.05 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 305.99 646.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 339.04 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 351.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.26 646.10 Td (ef) Tj ET Q q 0 0 0 rg BT 373.85 646.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 420.77 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.60 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.32 646.10 Td (Group) Tj ET Q q 0 0 0 rg BT 474.65 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 481.04 646.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 514.08 646.10 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td (Evaluate ) Tj ET Q q 0 0 0 rg BT 104.33 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.90 634.10 Td (appropriateness ) Tj ET Q q 0 0 0 rg BT 182.01 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.69 634.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 236.92 634.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 269.37 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 289.05 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.85 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.42 634.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 379.74 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.43 634.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 434.65 634.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 473.21 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.01 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.56 634.10 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td (made ) Tj ET Q q 0 0 0 rg BT 92.16 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 104.66 622.10 Td (management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td (Conclude ) Tj ET Q q 0 0 0 rg BT 109.78 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.24 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.91 610.10 Td (appropriateness ) Tj ET Q q 0 0 0 rg BT 205.12 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.91 610.10 Td (management) Tj ET Q q 0 0 0 rg BT 270.77 610.10 Td (s ) Tj ET Q q 0 0 0 rg BT 278.12 610.10 Td (use ) Tj ET Q q 0 0 0 rg BT 294.91 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.69 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.37 610.10 Td (going ) Tj ET Q q 0 0 0 rg BT 348.60 610.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 383.70 610.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 407.16 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.94 610.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 466.27 610.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 486.67 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 512.89 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 526.35 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 610.10 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 105.69 598.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 144.79 598.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 179.15 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.75 598.10 Td (material ) Tj ET Q q 0 0 0 rg BT 220.67 598.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 267.81 598.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 292.75 598.10 Td (related ) Tj ET Q q 0 0 0 rg BT 322.12 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 598.10 Td (events ) Tj ET Q q 0 0 0 rg BT 359.76 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.25 598.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 414.08 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 431.23 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 450.61 598.10 Td (cast ) Tj ET Q q 0 0 0 rg BT 468.32 598.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 512.69 598.10 Td (doubt ) Tj ET Q q 0 0 0 rg BT 537.63 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td (Group) Tj ET Q q 0 0 0 rg BT 96.33 586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.35 586.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 132.02 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.93 586.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 180.49 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.94 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.50 586.10 Td (going ) Tj ET Q q 0 0 0 rg BT 225.41 586.10 Td (concern. ) Tj ET Q q 0 0 0 rg BT 262.68 586.10 Td (If ) Tj ET Q q 0 0 0 rg BT 272.46 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 287.25 586.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 326.47 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.59 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.15 586.10 Td (material ) Tj ET Q q 0 0 0 rg BT 388.03 586.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 436.14 586.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 464.54 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 479.33 586.10 Td (are ) Tj ET Q q 0 0 0 rg BT 494.66 586.10 Td (required ) Tj ET Q q 0 0 0 rg BT 531.10 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.00 586.10 Td (draw ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 105.65 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.08 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.06 574.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 160.76 574.10 Td () Tj ET Q q 0 0 0 rg BT 163.54 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.09 574.10 Td (report ) Tj ET Q q 0 0 0 rg BT 196.62 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.05 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.92 574.10 Td (related ) Tj ET Q q 0 0 0 rg BT 251.78 574.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 298.88 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.31 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.18 574.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 377.38 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 415.01 574.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 459.88 574.10 Td (or) Tj ET Q q 0 0 0 rg BT 467.81 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 472.97 574.10 Td (if ) Tj ET Q q 0 0 0 rg BT 481.73 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 502.71 574.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 549.81 574.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.10 Td (inadequate, ) Tj ET Q q 0 0 0 rg BT 116.39 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.74 562.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 158.21 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.11 562.10 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 209.75 562.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 227.88 562.10 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 277.67 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.46 562.10 Td (based ) Tj ET Q q 0 0 0 rg BT 317.80 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.38 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.17 562.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 367.74 562.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 405.85 562.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 442.86 562.10 Td (up ) Tj ET Q q 0 0 0 rg BT 455.44 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.80 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.59 562.10 Td (date ) Tj ET Q q 0 0 0 rg BT 499.82 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.73 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.64 562.10 Td (auditor) Tj ET Q q 0 0 0 rg BT 555.33 562.10 Td () Tj ET Q q 0 0 0 rg BT 558.11 562.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 96.88 550.10 Td (However) Tj ET Q q 0 0 0 rg BT 133.13 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.13 550.10 Td (future ) Tj ET Q q 0 0 0 rg BT 164.50 550.10 Td (events ) Tj ET Q q 0 0 0 rg BT 192.55 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.38 550.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 247.55 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.26 550.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 291.97 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.69 550.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 334.74 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.02 550.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 369.16 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.44 550.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 416.37 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.20 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.14 550.10 Td (going ) Tj ET Q q 0 0 0 rg BT 459.42 550.10 Td (concern.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td (Evaluate ) Tj ET Q q 0 0 0 rg BT 105.92 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.07 538.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 151.77 538.10 Td (presentation, ) Tj ET Q q 0 0 0 rg BT 206.08 538.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 244.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.37 538.10 Td (content ) Tj ET Q q 0 0 0 rg BT 293.74 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.01 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.16 538.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 373.64 538.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.56 538.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 459.20 538.10 Td (including ) Tj ET Q q 0 0 0 rg BT 499.91 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.07 538.10 Td (disclosures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.68 526.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 119.13 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.59 526.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 186.37 526.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.59 526.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 268.04 526.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 306.93 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.39 526.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 366.96 526.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 416.96 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.64 526.10 Td (events ) Tj ET Q q 0 0 0 rg BT 461.43 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.45 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.13 526.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 510.35 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.59 526.10 Td (achieves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 84.38 514.10 Td (presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td (Obtain ) Tj ET Q q 0 0 0 rg BT 98.02 502.10 Td (suf) Tj ET Q q 0 0 0 rg BT 110.07 502.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 138.42 502.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 186.75 502.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 209.56 502.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 247.90 502.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 289.02 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.04 502.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.83 502.10 Td (information ) Tj ET Q q 0 0 0 rg BT 391.85 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.99 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.01 502.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 449.70 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.84 502.10 Td (business ) Tj ET Q q 0 0 0 rg BT 497.54 502.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 536.45 502.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.00 490.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 111.34 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.90 490.10 Td (express ) Tj ET Q q 0 0 0 rg BT 154.68 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.90 490.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 200.25 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.03 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.03 490.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 281.36 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.13 490.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 366.42 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 375.06 490.10 Td (e ) Tj ET Q q 0 0 0 rg BT 382.29 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.28 490.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 445.61 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.06 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.06 490.10 Td (direction, ) Tj ET Q q 0 0 0 rg BT 515.89 490.10 Td (supervision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.94 478.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 137.96 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.79 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.51 478.10 Td (group ) Tj ET Q q 0 0 0 rg BT 189.34 478.10 Td (audit. ) Tj ET Q q 0 0 0 rg BT 214.15 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.79 478.10 Td (e ) Tj ET Q q 0 0 0 rg BT 229.73 478.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 259.99 478.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 286.38 478.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 334.43 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.59 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.42 478.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 386.91 478.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 460.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.44 460.10 Td (communicate ) Tj ET Q q 0 0 0 rg BT 121.68 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.82 460.10 Td (those ) Tj ET Q q 0 0 0 rg BT 165.30 460.10 Td (char) Tj ET Q q 0 0 0 rg BT 182.33 460.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 199.13 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 219.28 460.10 Td (governance ) Tj ET Q q 0 0 0 rg BT 267.73 460.10 Td (regarding, ) Tj ET Q q 0 0 0 rg BT 310.91 460.10 Td (among ) Tj ET Q q 0 0 0 rg BT 340.49 460.10 Td (other ) Tj ET Q q 0 0 0 rg BT 363.41 460.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 397.71 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.29 460.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 446.32 460.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 471.45 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.26 460.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 516.74 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.43 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 460.10 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 448.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 111.65 448.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 134.15 448.10 Td (findings, ) Tj ET Q q 0 0 0 rg BT 171.92 448.10 Td (including ) Tj ET Q q 0 0 0 rg BT 212.20 448.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.14 448.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 273.85 448.10 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 324.10 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.38 448.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 367.42 448.10 Td (control ) Tj ET Q q 0 0 0 rg BT 398.24 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 415.74 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 429.90 448.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 463.50 448.10 Td (during ) Tj ET Q q 0 0 0 rg BT 492.11 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 507.94 448.10 Td (audit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 430.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.49 430.10 Td (also ) Tj ET Q q 0 0 0 rg BT 82.01 430.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 113.96 430.10 Td (those ) Tj ET Q q 0 0 0 rg BT 136.48 430.10 Td (char) Tj ET Q q 0 0 0 rg BT 153.51 430.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 169.36 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.55 430.10 Td (governance ) Tj ET Q q 0 0 0 rg BT 236.04 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.23 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.08 430.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 300.82 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.22 430.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.29 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 350.58 430.10 Td (complied ) Tj ET Q q 0 0 0 rg BT 389.20 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.39 430.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 442.01 430.10 Td (ethical ) Tj ET Q q 0 0 0 rg BT 470.07 430.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 523.68 430.10 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (independence, ) Tj ET Q q 0 0 0 rg BT 110.17 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.31 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.79 418.10 Td (communicate ) Tj ET Q q 0 0 0 rg BT 194.36 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 214.84 418.10 Td (them ) Tj ET Q q 0 0 0 rg BT 237.54 418.10 Td (all ) Tj ET Q q 0 0 0 rg BT 250.23 418.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 304.04 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.18 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 344.43 418.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 376.56 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 394.26 418.10 Td (may ) Tj ET Q q 0 0 0 rg BT 414.18 418.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 460.20 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.34 418.10 Td (thought ) Tj ET Q q 0 0 0 rg BT 505.59 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.07 418.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 535.98 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.69 418.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (independence, ) Tj ET Q q 0 0 0 rg BT 109.97 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.91 406.10 Td (where ) Tj ET Q q 0 0 0 rg BT 153.84 406.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 199.93 406.10 Td (related ) Tj ET Q q 0 0 0 rg BT 229.63 406.10 Td (safeguards.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 50.00 388.10 Td (The ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 68.05 388.10 Td (engagement ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 118.86 388.10 Td (partner ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 149.67 388.10 Td (on ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 162.17 388.10 Td (the ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 176.89 388.10 Td (audit ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 199.38 388.10 Td (resulting ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 236.88 388.10 Td (in ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 247.16 388.10 Td (this ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 264.11 388.10 Td (independent ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 315.48 388.10 Td (auditor) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 344.17 388.10 Td () Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 346.95 388.10 Td (s ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 353.34 388.10 Td (report ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 379.72 388.10 Td (is ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 388.89 388.10 Td (Kerri ) Tj ET Q q 0.13333333333333333 0.11764705882352941 0.12156862745098039 rg BT 412.49 388.10 Td (Plexman.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 376.10 Td ( ) Tj ET Q /GS0 gs q 178.00 0 0 52.00 50.00 307.10 cm /I2 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.50 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.50 295.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 91.92 283.10 Td (Professional ) Tj ET Q q 0 0 0 rg BT 143.31 283.10 Td (Accountants, ) Tj ET Q q 0 0 0 rg BT 198.30 283.10 Td (Licensed ) Tj ET Q q 0 0 0 rg BT 236.89 283.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 264.39 283.10 Td (Accountants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (March ) Tj ET Q q 0 0 0 rg BT 78.60 259.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 93.60 259.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 247.10 Td (oronto, ) Tj ET Q q 0 0 0 rg BT 86.52 247.10 Td (Ontario) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.6 0 rg BT 76.00 739.25 Td (CHESSWOOD GROUP) Tj ET Q q 0.2 0.6 0 rg BT 179.63 739.25 Td ( LIMITED) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 76.00 727.25 Td (CONSOLIDA) Tj ET Q q 0.2 0.6 0 rg BT 135.82 727.25 Td (TED ST) Tj ET Q q 0.2 0.6 0 rg BT 172.88 727.25 Td (A) Tj ET Q q 0.2 0.6 0 rg BT 179.35 727.25 Td (TEMENTS OF) Tj ET Q q 0.2 0.6 0 rg BT 244.27 727.25 Td ( FINANCIAL) Tj ET Q q 0.2 0.6 0 rg BT 302.89 727.25 Td ( POSITION) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.00 716.45 Td (\(in thousands of dollars\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 673.5 m 467.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 673.5 m 560.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 517.5 m 467.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 517.5 m 560.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 517.5 m 467.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 503.5 m 467.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 501.5 m 467.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 517.5 m 560.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 503.5 m 560.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 501.5 m 560.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 388.5 m 467.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 373.5 m 467.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 388.5 m 560.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 373.5 m 560.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 276.5 m 467.5 276.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 276.5 m 560.5 276.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 276.5 m 560.5 276.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 261.5 m 467.5 261.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 247.5 m 467.5 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 245.5 m 467.5 245.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 261.5 m 560.5 261.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 247.5 m 560.5 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 245.5 m 560.5 245.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.85 693.18 Td (December) Tj ET Q q 0 0 0 rg BT 449.07 693.18 Td ( 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.90 693.17 Td (December31,) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 359.05 676.8736328125 m 377.93671875 676.8736328125 l s q 0 0 0 rg BT 359.05 678.21 Td (Note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.00 678.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.00 678.17 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.00 657.18 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 642.17 Td (Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.00 642.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 642.18 Td (1) Tj ET Q q 0 0 0 rg BT 441.15 642.18 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 642.17 Td (2,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 627.17 Td (Restricted funds) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 357.65 627.21 Td (12\(d\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 627.18 Td (21,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 627.17 Td (13,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 612.17 Td (Other assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 612.21 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 612.18 Td (1) Tj ET Q q 0 0 0 rg BT 441.15 612.18 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 612.17 Td (10,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 597.17 Td (Finance receivables) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 597.21 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 597.18 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 597.17 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 582.17 Td (Interest rate derivatives) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 582.21 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.65 582.18 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 582.17 Td (896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 567.17 Td (Right-to-use assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 567.21 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.15 567.18 Td (3,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 567.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 552.17 Td (Property and equipment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 552.21 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.15 552.18 Td (1,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 552.17 Td (1,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 537.17 Td (Intangible assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 537.21 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 537.18 Td (17,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 537.17 Td (18,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 522.17 Td (Goodwill) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 522.21 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 522.18 Td (40,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 522.17 Td (41,037) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.00 507.18 Td (T) Tj ET Q q 0 0 0 rg BT 85.58 507.18 Td (OT) Tj ET Q q 0 0 0 rg BT 99.57 507.18 Td (AL) Tj ET Q q 0 0 0 rg BT 112.81 507.18 Td ( ) Tj ET Q q 0 0 0 rg BT 114.76 507.18 Td (ASSETS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.00 507.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 507.18 Td (926,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 507.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 507.17 Td (817,812) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.00 483.18 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 468.17 Td (Accounts payable and other liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 468.21 Td (1) Tj ET Q q 0 0 0 rg BT 368.50 468.21 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.00 468.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 468.18 Td (16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 468.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 468.17 Td (15,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 453.17 Td (Premises leases payable) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 453.21 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.15 453.18 Td (3,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 453.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 438.17 Td (Borrowings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 438.21 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 438.18 Td (714,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 438.17 Td (601,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 423.17 Td (Customer security deposits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 423.21 Td (13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 423.18 Td (12,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 423.17 Td (16,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 408.17 Td (Interest rate derivatives) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 408.21 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.65 408.18 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 408.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 393.17 Td (Deferred tax liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 393.21 Td (15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 393.18 Td (23,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 393.17 Td (20,419) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 378.18 Td (770,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 378.17 Td (654,317) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.00 356.18 Td (SHAREHOLDERS' EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 341.17 Td (Common shares) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 341.21 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 341.18 Td (103,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 341.17 Td (103,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 326.17 Td (Non-controlling interest) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 326.21 Td (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 326.18 Td (13,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 326.17 Td (13,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 311.17 Td (Share-based compensation reserve) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.50 311.21 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.15 311.18 Td (5,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 311.17 Td (5,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 296.17 Td (Accumulated other comprehensive income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 296.18 Td (13,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 296.17 Td (18,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 281.17 Td (Retained earnings) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.15 281.18 Td (20,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 281.17 Td (22,442) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 266.18 Td (156,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 266.17 Td (163,495) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.00 251.18 Td (T) Tj ET Q q 0 0 0 rg BT 85.49 251.18 Td (OT) Tj ET Q q 0 0 0 rg BT 99.20 251.18 Td (AL) Tj ET Q q 0 0 0 rg BT 112.54 251.18 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 178.68 251.18 Td (AND SHAREHOLDERS' EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.00 251.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 251.18 Td (926,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 251.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 251.17 Td (817,812) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 214.17 Td (Approved by the Board of Directors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 139.17 Td (Frederick ) Tj ET Q q 0 0 0 rg BT 122.73 139.17 Td (W) Tj ET Q q 0 0 0 rg BT 131.98 139.17 Td ( Steiner) Tj ET Q q 0 0 0 rg BT 162.52 139.17 Td (, Chairman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 139.17 Td (Samuel Leeper) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 124.17 Td (Board of Directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 124.17 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 374.88 124.17 Td (Audit, Finance and Risk Committee) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.30 60.00 Td (Please see notes to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.70 60.00 Td ( ) Tj ET Q /GS0 gs q 113.93 0 0 54.00 331.00 153.02 cm /I3 Do Q /GS0 gs q 116.07 0 0 54.00 82.00 153.02 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.6 0 rg BT 90.00 739.25 Td (CHESSWOOD GROUP) Tj ET Q q 0.2 0.6 0 rg BT 193.63 739.25 Td ( LIMITED) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 90.00 727.25 Td (CONSOLIDA) Tj ET Q q 0.2 0.6 0 rg BT 149.82 727.25 Td (TED ST) Tj ET Q q 0.2 0.6 0 rg BT 184.38 727.25 Td (A) Tj ET Q q 0.2 0.6 0 rg BT 190.85 727.25 Td (TEMENTS OF) Tj ET Q q 0.2 0.6 0 rg BT 255.77 727.25 Td ( INCOME) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 90.00 715.25 Td (FOR ) Tj ET Q q 0.2 0.6 0 rg BT 113.43 715.25 Td (THE ) Tj ET Q q 0.2 0.6 0 rg BT 136.67 715.25 Td (YEARS ENDED DECEMBER 31, 2019 ) Tj ET Q q 0.2 0.6 0 rg BT 307.81 715.25 Td (AND 2018) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 90.00 704.45 Td (\(in thousands of dollars, except per share amounts\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 683.5 m 474.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 683.5 m 560.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 638.5 m 474.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 638.5 m 560.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 638.5 m 474.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 623.5 m 474.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 638.5 m 560.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 623.5 m 560.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 578.5 m 474.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 563.5 m 474.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 578.5 m 560.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 563.5 m 560.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 540.5 m 474.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 540.5 m 560.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 458.5 m 474.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 458.5 m 560.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 458.5 m 474.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 443.5 m 474.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 458.5 m 560.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 443.5 m 560.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 361.5 m 474.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 361.5 m 560.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 331.5 m 474.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 317.5 m 474.5 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 315.5 m 474.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 331.5 m 560.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 317.5 m 560.5 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 315.5 m 560.5 315.5 l s BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 368.05 686.8736328125 m 386.93671875 686.8736328125 l s q 0 0 0 rg BT 368.05 688.21 Td (Note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.00 688.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.00 688.17 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 673.18 Td (Finance r) Tj ET Q q 0 0 0 rg BT 133.73 673.18 Td (evenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 658.62 Td (Interest revenue on finance leases and loans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 658.73 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.15 658.73 Td (1) Tj ET Q q 0 0 0 rg BT 443.15 658.73 Td (10,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 658.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 658.62 Td (97,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 643.17 Td (Ancillary finance and other fee income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 643.18 Td (16,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 643.17 Td (12,659) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.15 628.18 Td (126,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 628.17 Td (1) Tj ET Q q 0 0 0 rg BT 529.15 628.17 Td (10,586) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 613.18 Td (Finance expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 598.17 Td (Interest expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 598.18 Td (33,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 598.17 Td (26,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 583.17 Td (Provision for credit losses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.00 583.21 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 583.18 Td (33,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 583.17 Td (19,423) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 568.18 Td (66,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 568.17 Td (46,070) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 545.18 Td (Finance margin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 545.18 Td (60,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 545.17 Td (64,516) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 523.18 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 508.17 Td (Personnel expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 508.18 Td (19,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 508.17 Td (16,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 493.17 Td (Other expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 493.18 Td (19,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 493.17 Td (14,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 478.17 Td (Depreciation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 370.00 478.21 Td (7, 8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 478.18 Td (1,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 478.17 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 463.17 Td (Amortization - intangible assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 463.18 Td (1,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 463.17 Td (1,512) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 448.18 Td (41,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 448.17 Td (32,782) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 433.18 Td (Operating income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 433.18 Td (18,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 433.17 Td (31,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 411.17 Td (Unrealized gain \(loss\) on investments held) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.00 411.21 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.65 411.18 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 411.22 Td (\(181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 411.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 396.17 Td (Financing costs - convertible debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.65 396.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 396.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 381.62 Td (Unrealized gain \(loss\) on interest rate derivatives) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 372.50 381.66 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.80 381.78 Td (\(1,109) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.65 381.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 381.62 Td (705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 366.17 Td (Unrealized gain \(loss\) on foreign exchange) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.65 366.18 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.30 366.22 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 366.17 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 351.18 Td (Income befor) Tj ET Q q 0 0 0 rg BT 149.84 351.18 Td (e taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 351.18 Td (17,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 351.17 Td (32,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 336.17 Td (T) Tj ET Q q 0 0 0 rg BT 98.76 336.17 Td (ax expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 372.50 336.21 Td (15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.80 336.23 Td (\(5,167) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.65 336.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 336.22 Td (\(9,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 336.17 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 321.18 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 321.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 321.18 Td (12,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 321.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 321.17 Td (22,885) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 298.18 Td (Attributable to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 283.17 Td (Common shareholders) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 283.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.15 283.18 Td (1) Tj ET Q q 0 0 0 rg BT 448.15 283.18 Td (1,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 283.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 283.17 Td (20,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 268.17 Td (Non-controlling interest) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 268.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 268.18 Td (1,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 268.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 268.17 Td (1,889) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.00 248.18 Td (Income fr) Tj ET Q q 0 0 0 rg BT 134.75 248.18 Td (om operations per) Tj ET Q q 0 0 0 rg BT 212.34 248.18 Td ( shar) Tj ET Q q 0 0 0 rg BT 233.55 248.18 Td (e:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 233.17 Td (Basic) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 372.50 233.21 Td (23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 233.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.15 233.18 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 233.17 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 218.17 Td (Diluted) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 372.50 218.21 Td (23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.00 218.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.15 218.18 Td (0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 218.17 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.30 94.00 Td (Please see notes to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.70 94.00 Td ( ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.6 0 rg BT 94.00 739.25 Td (CHESSWOOD GROUP) Tj ET Q q 0.2 0.6 0 rg BT 197.63 739.25 Td ( LIMITED) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 94.00 727.25 Td (CONSOLIDA) Tj ET Q q 0.2 0.6 0 rg BT 153.82 727.25 Td (TED ST) Tj ET Q q 0.2 0.6 0 rg BT 188.38 727.25 Td (A) Tj ET Q q 0.2 0.6 0 rg BT 194.85 727.25 Td (TEMENTS OF) Tj ET Q q 0.2 0.6 0 rg BT 259.77 727.25 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 94.00 715.25 Td (FOR ) Tj ET Q q 0.2 0.6 0 rg BT 117.43 715.25 Td (THE ) Tj ET Q q 0.2 0.6 0 rg BT 140.67 715.25 Td (YEARS ENDED DECEMBER 31, 2019 ) Tj ET Q q 0.2 0.6 0 rg BT 311.81 715.25 Td (AND 2018) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.00 704.45 Td (\(in thousands of dollars\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 679.5 m 475.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.5 m 560.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 679.5 m 475.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 679.5 m 560.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 626.5 m 475.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 612.5 m 475.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 610.5 m 475.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 626.5 m 560.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 612.5 m 560.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 610.5 m 560.5 610.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.00 684.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.00 684.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 661.17 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 661.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.15 661.18 Td (12,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 661.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 661.17 Td (22,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 646.17 Td (Other comprehensive income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 631.62 Td (Unrealized gain \(loss\) on translation of foreign operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.80 631.78 Td (\(4,793) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.65 631.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 631.62 Td (8,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 616.17 Td (Comprehensive income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 616.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.15 616.18 Td (7,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 616.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 616.17 Td (31,140) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.00 592.18 Td (Attributable to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 577.17 Td (Common shareholders) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 577.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.15 577.18 Td (7,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 577.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 577.17 Td (28,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 562.17 Td (Non-controlling interest) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 562.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 456.65 562.18 Td (659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 562.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 562.17 Td (2,570) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.30 102.00 Td (Please see notes to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.70 102.00 Td ( ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.6 0 rg BT 49.00 739.25 Td (CHESSWOOD GROUP) Tj ET Q q 0.2 0.6 0 rg BT 152.63 739.25 Td ( LIMITED) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 49.00 727.25 Td (CONSOLIDA) Tj ET Q q 0.2 0.6 0 rg BT 108.82 727.25 Td (TED ST) Tj ET Q q 0.2 0.6 0 rg BT 143.38 727.25 Td (A) Tj ET Q q 0.2 0.6 0 rg BT 149.85 727.25 Td (TEMENTS OF) Tj ET Q q 0.2 0.6 0 rg BT 214.77 727.25 Td ( CHANGES IN EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 49.00 715.25 Td (FOR ) Tj ET Q q 0.2 0.6 0 rg BT 72.43 715.25 Td (THE ) Tj ET Q q 0.2 0.6 0 rg BT 95.67 715.25 Td (YEARS ENDED DECEMBER 31, 2019 ) Tj ET Q q 0.2 0.6 0 rg BT 266.81 715.25 Td (AND 2018) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.00 704.45 Td (\(in thousands of dollars\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 698.5 m 163.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 654.5 m 163.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 698.5 m 187.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 654.5 m 187.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 698.5 m 234.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 654.5 m 234.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 698.5 m 234.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 698.5 m 283.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 654.5 m 283.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 698.5 m 341.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 654.5 m 341.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 698.5 m 401.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 654.5 m 401.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 698.5 m 460.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 654.5 m 460.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 698.5 m 508.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 654.5 m 508.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 698.5 m 561.5 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 654.5 m 561.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 654.5 m 234.5 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 639.5 m 234.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 615.5 m 234.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 600.5 m 234.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 585.5 m 234.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 570.5 m 234.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 555.5 m 234.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 540.5 m 234.5 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 515.5 m 234.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 501.5 m 561.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 501.5 m 163.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 482.5 m 163.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 480.5 m 163.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 501.5 m 187.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 482.5 m 187.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 480.5 m 187.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 501.5 m 234.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 482.5 m 234.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 480.5 m 234.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 501.5 m 234.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 501.5 m 283.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 482.5 m 283.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 480.5 m 283.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 501.5 m 341.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 482.5 m 341.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 480.5 m 341.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 501.5 m 401.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 482.5 m 401.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 480.5 m 401.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 501.5 m 460.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 482.5 m 460.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 480.5 m 460.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 501.5 m 508.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 482.5 m 508.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 480.5 m 508.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 501.5 m 561.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 482.5 m 561.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 480.5 m 561.5 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 467.5 m 163.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 430.5 m 163.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 467.5 m 187.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 430.5 m 187.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 467.5 m 234.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 430.5 m 234.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 467.5 m 234.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 467.5 m 283.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 430.5 m 283.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 467.5 m 341.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 430.5 m 341.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 467.5 m 401.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 430.5 m 401.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 467.5 m 460.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 430.5 m 460.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 467.5 m 508.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 430.5 m 508.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 467.5 m 561.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 430.5 m 561.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 430.5 m 234.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 415.5 m 234.5 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 390.5 m 234.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 375.5 m 234.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 360.5 m 234.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 345.5 m 234.5 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 330.5 m 234.5 314.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 314.5 m 234.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 299.5 m 234.5 278.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 278.5 m 234.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 263.5 m 163.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 239.5 m 163.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 237.5 m 163.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 263.5 m 187.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 239.5 m 187.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 237.5 m 187.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 263.5 m 234.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 239.5 m 234.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 237.5 m 234.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 263.5 m 234.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 263.5 m 283.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 239.5 m 283.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 237.5 m 283.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 263.5 m 341.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 239.5 m 341.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 237.5 m 341.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 263.5 m 401.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 239.5 m 401.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 237.5 m 401.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 263.5 m 460.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 239.5 m 460.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 237.5 m 460.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 263.5 m 508.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 239.5 m 508.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 237.5 m 508.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 263.5 m 561.5 263.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 239.5 m 561.5 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 237.5 m 561.5 237.5 l s BT /F4 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 167.4 657.67890625 m 182.509375 657.67890625 l s q 0 0 0 rg BT 167.40 658.75 Td (Note) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.70 666.73 Td (Common) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 199.65 658.73 Td (shar) Tj ET Q q 0 0 0 rg BT 214.69 658.73 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.70 666.73 Td (Common) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.65 658.73 Td (shar) Tj ET Q q 0 0 0 rg BT 262.69 658.73 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.55 674.73 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.40 666.73 Td (contr) Tj ET Q q 0 0 0 rg BT 311.54 666.73 Td (olling) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.15 658.73 Td (inter) Tj ET Q q 0 0 0 rg BT 315.52 658.73 Td (est) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.95 674.73 Td (Shar) Tj ET Q q 0 0 0 rg BT 366.33 674.73 Td (e-based) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.40 666.73 Td (compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.60 658.73 Td (r) Tj ET Q q 0 0 0 rg BT 362.08 658.73 Td (eserve) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.80 682.73 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.45 674.73 Td (other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 666.73 Td (compr) Tj ET Q q 0 0 0 rg BT 427.14 666.73 Td (ehensive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.25 658.73 Td (income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.65 666.73 Td (Retained) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.30 658.73 Td (earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.80 658.73 Td (2019 ) Tj ET Q q 0 0 0 rg BT 534.66 658.73 Td (T) Tj ET Q q 0 0 0 rg BT 539.26 658.73 Td (otal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 202.80 643.75 Td (\(# '000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 627.73 Td (Shar) Tj ET Q q 0 0 0 rg BT 68.38 627.73 Td (eholders' equity -) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 619.73 Td (December) Tj ET Q q 0 0 0 rg BT 86.57 619.73 Td ( 31, 2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.10 620.18 Td (16,229) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.10 620.18 Td (103,576) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.15 620.18 Td (13,713) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.15 620.18 Td (5,414) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.15 620.18 Td (18,350) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.10 620.18 Td (22,442) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.00 620.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.10 620.18 Td (163,495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 604.75 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.65 605.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.65 605.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.15 605.18 Td (1,058) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 605.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 605.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.10 605.18 Td (1) Tj ET Q q 0 0 0 rg BT 482.10 605.18 Td (1,633) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.15 605.18 Td (12,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 589.75 Td (Dividends declared) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 589.75 Td (22) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.65 590.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.65 590.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.80 590.23 Td (\(1,242) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.65 590.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 590.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 590.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.80 590.23 Td (\(13,640) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.65 590.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.80 590.23 Td (\(14,882) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.65 590.18 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 574.75 Td (Share-based compensation) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 574.75 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.65 575.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.65 575.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.65 575.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.65 575.18 Td (695) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 575.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.65 575.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.65 575.18 Td (695) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 559.75 Td (Exercise of restricted share units) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 559.75 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.65 560.18 Td (44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.65 560.18 Td (482) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.65 560.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.30 560.23 Td (\(482) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 560.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 560.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.65 560.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.65 560.18 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 544.75 Td (Exercise of options) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 544.75 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 220.65 545.18 Td (53) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.65 545.18 Td (403) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.65 545.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.30 545.23 Td (\(1) Tj ET Q q 0 0 0 rg BT 387.63 545.23 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 545.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 545.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.65 545.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.65 545.18 Td (285) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 527.75 Td (Repurchase of common shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 519.75 Td (under issuer bid) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 526.10 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.30 525.73 Td (\(78) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.65 525.73 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.30 525.73 Td (\(498) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.65 525.73 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.65 525.73 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 525.73 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 525.73 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.30 525.78 Td (\(310) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.65 525.73 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 539.30 525.78 Td (\(808) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.65 525.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 506.60 Td (Unrealized loss on translation of foreign operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.65 506.23 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.30 506.28 Td (\(399) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.65 506.23 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 506.23 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.80 506.28 Td (\(4,394) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 456.65 506.23 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.65 506.23 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 531.80 506.28 Td (\(4,793) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.65 506.23 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 493.58 Td (Shar) Tj ET Q q 0 0 0 rg BT 68.30 493.58 Td (eholders' equity -) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 485.58 Td (December) Tj ET Q q 0 0 0 rg BT 86.50 485.58 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.10 486.18 Td (16,248) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.10 486.18 Td (103,963) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.15 486.18 Td (13,130) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.15 486.18 Td (5,509) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.15 486.18 Td (13,956) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.10 486.18 Td (20,125) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.00 486.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.10 486.18 Td (156,683) Tj ET Q BT /F4 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 167.4 433.67890625 m 182.509375 433.67890625 l s q 0 0 0 rg BT 167.40 434.75 Td (Note) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.60 442.75 Td (Common) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.50 434.75 Td (shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.60 442.75 Td (Common) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.50 434.75 Td (shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.20 442.75 Td (Non-controlling) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.20 434.75 Td (interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.45 450.75 Td (Share-based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 442.75 Td (compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.45 434.75 Td (reserve) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.15 458.75 Td (Accumulated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 450.75 Td (other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.25 442.75 Td (comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.70 434.75 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.75 442.75 Td (Retained) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.40 434.75 Td (earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.40 434.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 535.26 434.75 Td (T) Tj ET Q q 0 0 0 rg BT 539.58 434.75 Td (otal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 202.80 419.75 Td (\(# '000s\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 402.75 Td (Shareholders' equity -) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 394.75 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.10 395.17 Td (16,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.10 395.17 Td (105,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 395.17 Td (13,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 395.17 Td (5,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 395.17 Td (10,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.10 395.17 Td (26,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 395.17 Td (161,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 379.75 Td (Impact of adopting IFRS 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 380.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 380.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.30 380.22 Td (\(845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 380.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 380.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 380.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 380.22 Td (\(9,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 380.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 380.22 Td (\(10,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 380.17 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 364.75 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 365.17 Td (1,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.10 365.17 Td (20,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 365.17 Td (22,885) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 349.75 Td (Dividends declared) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 349.75 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.80 350.22 Td (\(1,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 350.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 350.22 Td (\(13,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 350.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 350.22 Td (\(15,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 350.17 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 334.75 Td (Share-based compensation) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 334.75 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 335.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 335.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 335.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 335.17 Td (1,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 335.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 335.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 335.17 Td (1,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 318.75 Td (Exercise of restricted share units) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 318.75 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 319.17 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 319.17 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 319.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 319.22 Td (\(806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 319.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 319.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 319.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 319.17 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 303.75 Td (Exercise of options) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 303.75 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 304.17 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.65 304.17 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 304.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 304.22 Td (\(169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 304.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 304.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 304.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 304.17 Td (572) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 290.75 Td (Repurchase of common shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 282.75 Td (under issuer bid) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 171.00 282.75 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.30 283.17 Td (\(499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.65 283.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.80 283.17 Td (\(3,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 283.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 283.22 Td (\(2,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 283.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 283.22 Td (\(5,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 283.17 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 269.10 Td (Unrealized gain on translation of foreign operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 268.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 268.62 Td (681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 268.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 268.62 Td (7,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 268.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 268.62 Td (8,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 250.75 Td (Shareholders' equity -) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 242.75 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.10 243.17 Td (16,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.10 243.17 Td (103,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 243.17 Td (13,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 243.17 Td (5,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 243.17 Td (18,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.10 243.17 Td (22,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 243.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 243.17 Td (163,495) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.30 83.00 Td (Please see notes to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.70 83.00 Td ( ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.6 0 rg BT 93.00 739.25 Td (CHESSWOOD GROUP) Tj ET Q q 0.2 0.6 0 rg BT 196.63 739.25 Td ( LIMITED) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 93.00 727.25 Td (CONSOLIDA) Tj ET Q q 0.2 0.6 0 rg BT 152.82 727.25 Td (TED ST) Tj ET Q q 0.2 0.6 0 rg BT 187.38 727.25 Td (A) Tj ET Q q 0.2 0.6 0 rg BT 193.85 727.25 Td (TEMENTS OF) Tj ET Q q 0.2 0.6 0 rg BT 258.77 727.25 Td ( CASH FLOWS) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0.6 0 rg BT 93.00 715.25 Td (FOR ) Tj ET Q q 0.2 0.6 0 rg BT 116.43 715.25 Td (THE ) Tj ET Q q 0.2 0.6 0 rg BT 139.67 715.25 Td (YEARS ENDED DECEMBER 31, 2019 ) Tj ET Q q 0.2 0.6 0 rg BT 310.81 715.25 Td (AND 2018) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 692.5 m 476.5 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 692.5 m 560.5 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 660.5 m 476.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 660.5 m 560.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 580.5 m 476.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 580.5 m 560.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 567.5 m 476.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 567.5 m 560.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 492.5 m 476.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 492.5 m 560.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 449.5 m 476.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 436.5 m 476.5 436.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 449.5 m 560.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 436.5 m 560.5 436.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 404.5 m 476.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 391.5 m 476.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 404.5 m 560.5 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 391.5 m 560.5 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 275.5 m 476.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 260.5 m 476.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 275.5 m 560.5 275.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 260.5 m 560.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 241.5 m 476.5 241.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 241.5 m 560.5 241.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 215.5 m 476.5 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 203.5 m 476.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 201.5 m 476.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 215.5 m 560.5 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 203.5 m 560.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 201.5 m 560.5 201.5 l s BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 372.55 695.8736328125 m 391.43671875 695.8736328125 l s q 0 0 0 rg BT 372.55 697.21 Td (Note) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 96.00 696.95 Td (\(in thousands of dollars\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.00 697.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.00 697.17 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 677.23 Td (OPERA) Tj ET Q q 0 0 0 rg BT 130.63 677.23 Td (TING ) Tj ET Q q 0 0 0 rg BT 158.04 677.23 Td (ACTIVITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 664.07 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 664.23 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 664.23 Td (12,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 664.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 664.07 Td (22,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 651.07 Td (Non-cash items included in net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 638.07 Td (Amortization and depreciation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.15 638.23 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 638.07 Td (2,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 624.62 Td (Provision for credit losses ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 220.66 624.62 Td (\(excluding r) Tj ET Q q 0 0 0 rg BT 259.23 624.62 Td (ecoveries\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.50 624.21 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 624.73 Td (44,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 624.62 Td (28,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 610.07 Td (Amortization of origination costs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 610.23 Td (26,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 610.07 Td (23,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 597.07 Td (T) Tj ET Q q 0 0 0 rg BT 119.76 597.07 Td (ax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.15 597.23 Td (5,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 597.07 Td (9,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 584.07 Td (Other non-cash items) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 584.06 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.15 584.23 Td (5,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 584.07 Td (3,345) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 571.23 Td (84,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 571.07 Td (66,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 557.62 Td (Cash from operating activities before change in net operating assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 557.73 Td (97,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 557.62 Td (89,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 542.62 Td (Funds advanced on origination of finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.80 542.78 Td (\(442,342) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 542.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 542.67 Td (\(400,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 542.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 527.17 Td (Origination costs paid on finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.80 527.78 Td (\(35,681) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 527.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 527.67 Td (\(34,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 527.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 513.07 Td (Principal collections of finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.15 513.23 Td (285,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 513.07 Td (233,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 500.07 Td (Change in other net operating assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 500.06 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.80 500.28 Td (\(6,861) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 500.23 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 500.07 Td (1) Tj ET Q q 0 0 0 rg BT 546.65 500.07 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 482.62 Td (Cash used in operating activities before undernoted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.80 482.78 Td (\(102,547) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 482.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 482.67 Td (\(1) Tj ET Q q 0 0 0 rg BT 529.13 482.67 Td (12,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 482.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 468.07 Td (Interest paid on convertible debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.65 468.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.30 468.12 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 468.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 454.17 Td (Income taxes paid - net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.80 454.23 Td (\(6,544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 454.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 454.22 Td (\(3,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 454.17 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 440.23 Td (Cash used in operating activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.80 440.28 Td (\(109,091) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 440.23 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 440.12 Td (\(1) Tj ET Q q 0 0 0 rg BT 529.13 440.12 Td (16,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 440.07 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 421.23 Td (INVESTING ) Tj ET Q q 0 0 0 rg BT 154.35 421.23 Td (ACTIVITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 408.07 Td (Purchase of property and equipment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.50 408.06 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 408.28 Td (\(312) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 408.23 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 408.12 Td (\(212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 408.07 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 395.23 Td (Cash used in investing activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 395.28 Td (\(312) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 395.23 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 395.12 Td (\(212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 395.07 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 376.23 Td (FINANCING ) Tj ET Q q 0 0 0 rg BT 156.00 376.23 Td (ACTIVITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 363.07 Td (Borrowings, net) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 363.06 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.15 363.23 Td (141,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 363.07 Td (158,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 349.17 Td (Payment of financing costs) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 349.21 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.80 349.23 Td (\(7,458) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 349.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 349.22 Td (\(3,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 349.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 334.17 Td (Payment of lease obligations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.50 334.21 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 334.23 Td (\(638) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 334.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 334.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 320.07 Td (Redemption of convertible debentures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 320.06 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.65 320.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 320.12 Td (\(20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 320.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 307.07 Td (Proceeds from exercise of options) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 307.06 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.65 307.23 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 307.07 Td (571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 293.62 Td (Repurchase of common shares under issuer bid) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 293.66 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 293.23 Td (\(808) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 293.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 293.67 Td (\(5,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 293.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 279.07 Td (Cash dividends paid) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.00 279.06 Td (22) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.80 279.28 Td (\(14,882) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 279.23 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 279.12 Td (\(15,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 279.07 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 265.18 Td (Cash fr) Tj ET Q q 0 0 0 rg BT 127.85 265.18 Td (om financing activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.15 265.18 Td (1) Tj ET Q q 0 0 0 rg BT 445.15 265.18 Td (18,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 265.17 Td (1) Tj ET Q q 0 0 0 rg BT 529.15 265.17 Td (14,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 246.62 Td (Unrealized foreign exchange gain \(loss\) on cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.30 246.78 Td (\(174) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 246.73 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 246.62 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 232.07 Td (Net increase \(decrease\) in cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.15 232.23 Td (8,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.80 232.12 Td (\(1,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 232.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 219.07 Td (Cash, beginning of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.15 219.23 Td (2,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 219.07 Td (3,640) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 206.23 Td (Cash, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.00 206.23 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 206.23 Td (1) Tj ET Q q 0 0 0 rg BT 450.15 206.23 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 206.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 206.07 Td (2,326) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.30 83.00 Td (Please see notes to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.70 83.00 Td ( ) Tj ET Q endstream endobj 19 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (9) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I5 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.3568627450980392 0.6039215686274509 0.01568627450980392 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 49.5 681.51552734375 m 135.9794921875 681.51552734375 l s q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 683.10 Td (T) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 54.87 683.10 Td (ABLE OF NOTES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 647.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 645.9333984375 m 334.07421875 645.9333984375 l s q 0 0 1 rg BT 90.50 647.27 Td (NA) Tj ET Q q 0 0 1 rg BT 103.83 647.27 Td (TURE OF BUSINESS ) Tj ET Q q 0 0 1 rg BT 196.91 647.27 Td (AND BASIS OF PREP) Tj ET Q q 0 0 1 rg BT 290.19 647.27 Td (ARA) Tj ET Q q 0 0 1 rg BT 310.19 647.27 Td (TION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 632.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 630.9333984375 m 242.853515625 630.9333984375 l s q 0 0 1 rg BT 90.50 632.27 Td (NEW) Tj ET Q q 0 0 1 rg BT 113.09 632.27 Td ( ) Tj ET Q q 0 0 1 rg BT 115.04 632.27 Td (ACCOUNTING ST) Tj ET Q q 0 0 1 rg BT 194.51 632.27 Td (ANDARDS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 617.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 615.9333984375 m 216.5205078125 615.9333984375 l s q 0 0 1 rg BT 90.50 617.27 Td (FINANCIAL) Tj ET Q q 0 0 1 rg BT 144.02 617.27 Td ( INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 602.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 600.9333984375 m 243.92529296875 600.9333984375 l s q 0 0 1 rg BT 90.50 602.27 Td (FINANCIAL) Tj ET Q q 0 0 1 rg BT 144.02 602.27 Td ( RISK MANAGEMENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 587.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 585.9333984375 m 161.9013671875 585.9333984375 l s q 0 0 1 rg BT 90.50 587.27 Td (OTHER ) Tj ET Q q 0 0 1 rg BT 125.78 587.27 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 572.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 570.9333984375 m 202.82421875 570.9333984375 l s q 0 0 1 rg BT 90.50 572.27 Td (FINANCE RECEIV) Tj ET Q q 0 0 1 rg BT 171.15 572.27 Td (ABLES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 557.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 555.9333984375 m 196.90625 555.9333984375 l s q 0 0 1 rg BT 90.50 557.27 Td (RIGHT) Tj ET Q q 0 0 1 rg BT 120.13 557.27 Td (-T) Tj ET Q q 0 0 1 rg BT 129.39 557.27 Td (O-USE ) Tj ET Q q 0 0 1 rg BT 160.78 557.27 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 542.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 540.9333984375 m 224.44775390625 540.9333984375 l s q 0 0 1 rg BT 90.50 542.27 Td (PROPER) Tj ET Q q 0 0 1 rg BT 127.69 542.27 Td (TY) Tj ET Q q 0 0 1 rg BT 140.65 542.27 Td ( ) Tj ET Q q 0 0 1 rg BT 142.60 542.27 Td (AND EQUIPMENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 527.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 525.9333984375 m 188.3125 525.9333984375 l s q 0 0 1 rg BT 90.50 527.27 Td (INT) Tj ET Q q 0 0 1 rg BT 106.36 527.27 Td (ANGIBLE ) Tj ET Q q 0 0 1 rg BT 152.19 527.27 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 512.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 510.93339843750005 m 144.1865234375 510.93339843750005 l s q 0 0 1 rg BT 90.50 512.27 Td (GOODWILL) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 497.27 Td (1) Tj ET Q q 0 0 0 rg BT 69.50 497.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 495.93339843750005 m 309.2158203125 495.93339843750005 l s q 0 0 1 rg BT 90.50 497.27 Td (ACCOUNTS P) Tj ET Q q 0 0 1 rg BT 151.54 497.27 Td (A) Tj ET Q q 0 0 1 rg BT 157.84 497.27 Td (Y) Tj ET Q q 0 0 1 rg BT 163.96 497.27 Td (ABLE ) Tj ET Q q 0 0 1 rg BT 192.01 497.27 Td (AND OTHER LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 482.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 480.93339843750005 m 157.7265625 480.93339843750005 l s q 0 0 1 rg BT 90.50 482.27 Td (BORROWINGS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 467.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 465.93339843750005 m 244.9677734375 465.93339843750005 l s q 0 0 1 rg BT 90.50 467.27 Td (CUST) Tj ET Q q 0 0 1 rg BT 115.88 467.27 Td (OMER SECURITY) Tj ET Q q 0 0 1 rg BT 195.79 467.27 Td ( DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 452.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 450.93339843750005 m 231.2421875 450.93339843750005 l s q 0 0 1 rg BT 90.50 452.27 Td (INTEREST) Tj ET Q q 0 0 1 rg BT 137.54 452.27 Td ( RA) Tj ET Q q 0 0 1 rg BT 152.82 452.27 Td (TE DERIV) Tj ET Q q 0 0 1 rg BT 196.80 452.27 Td (A) Tj ET Q q 0 0 1 rg BT 202.91 452.27 Td (TIVES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 437.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 435.93339843750005 m 121.9208984375 435.93339843750005 l s q 0 0 1 rg BT 90.50 437.27 Td (T) Tj ET Q q 0 0 1 rg BT 95.81 437.27 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 422.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 420.93339843750005 m 192.8388671875 420.93339843750005 l s q 0 0 1 rg BT 90.50 422.27 Td (MINIMUM P) Tj ET Q q 0 0 1 rg BT 145.42 422.27 Td (A) Tj ET Q q 0 0 1 rg BT 151.73 422.27 Td (YMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 407.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 405.93339843750005 m 407.423828125 405.93339843750005 l s q 0 0 1 rg BT 90.50 407.27 Td (CONTINGENT) Tj ET Q q 0 0 1 rg BT 154.75 407.27 Td ( LIABILITIES ) Tj ET Q q 0 0 1 rg BT 216.41 407.27 Td (AND OTHER FINANCIAL) Tj ET Q q 0 0 1 rg BT 329.92 407.27 Td ( COMMITMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 392.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 390.93339843750005 m 206.17626953125 390.93339843750005 l s q 0 0 1 rg BT 90.50 392.27 Td (CAPIT) Tj ET Q q 0 0 1 rg BT 118.59 392.27 Td (AL) Tj ET Q q 0 0 1 rg BT 131.55 392.27 Td ( MANAGEMENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 377.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 375.93339843750005 m 177.462890625 375.93339843750005 l s q 0 0 1 rg BT 90.50 377.27 Td (COMMON SHARES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 362.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 360.93339843750005 m 230.7734375 360.93339843750005 l s q 0 0 1 rg BT 90.50 362.27 Td (EXCHANGEABLE SECURITIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 347.27 Td (21) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 345.93339843750005 m 201.90625 345.93339843750005 l s q 0 0 1 rg BT 90.50 347.27 Td (COMPENSA) Tj ET Q q 0 0 1 rg BT 143.85 347.27 Td (TION PLANS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 332.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 330.93339843750005 m 144.9384765625 330.93339843750005 l s q 0 0 1 rg BT 90.50 332.27 Td (DIVIDENDS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 317.27 Td (23) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 315.93339843750005 m 197.1796875 315.93339843750005 l s q 0 0 1 rg BT 90.50 317.27 Td (EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 302.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 300.93339843750005 m 246.76953125 300.93339843750005 l s q 0 0 1 rg BT 90.50 302.27 Td (RELA) Tj ET Q q 0 0 1 rg BT 115.50 302.27 Td (TED P) Tj ET Q q 0 0 1 rg BT 142.08 302.27 Td (AR) Tj ET Q q 0 0 1 rg BT 155.37 302.27 Td (TY) Tj ET Q q 0 0 1 rg BT 168.33 302.27 Td ( ) Tj ET Q q 0 0 1 rg BT 170.65 302.27 Td (TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 287.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 285.93339843750005 m 298.341796875 285.93339843750005 l s q 0 0 1 rg BT 90.50 287.27 Td (CASH FLOW) Tj ET Q q 0 0 1 rg BT 147.82 287.27 Td ( SUPPLEMENT) Tj ET Q q 0 0 1 rg BT 213.98 287.27 Td (AR) Tj ET Q q 0 0 1 rg BT 227.32 287.27 Td (Y) Tj ET Q q 0 0 1 rg BT 234.17 287.27 Td ( DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 272.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 270.93339843750005 m 208.9326171875 270.93339843750005 l s q 0 0 1 rg BT 90.50 272.27 Td (SEGMENT) Tj ET Q q 0 0 1 rg BT 137.54 272.27 Td ( INFORMA) Tj ET Q q 0 0 1 rg BT 185.05 272.27 Td (TION) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 257.27 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90.5 255.93339843750005 m 190.50244140625 255.93339843750005 l s q 0 0 1 rg BT 90.50 257.27 Td (SUBSEQUENT) Tj ET Q q 0 0 1 rg BT 155.32 257.27 Td ( EVENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 229.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 229.10 Td (NA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 63.20 229.10 Td (TURE OF BUSINESS ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 163.40 229.10 Td (AND BASIS OF PREP) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 264.33 229.10 Td (ARA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 285.26 229.10 Td (TION ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 205.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 98.97 205.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 127.89 205.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 162.91 205.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 181.82 205.10 Td (鼎ompany ) Tj ET Q q 0 0 0 rg BT 232.94 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.63 205.10 Td ("Chesswood"\) ) Tj ET Q q 0 0 0 rg BT 305.60 205.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.63 205.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 369.52 205.10 Td (under ) Tj ET Q q 0 0 0 rg BT 395.65 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.23 205.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 432.92 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.61 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.19 205.10 Td (Province ) Tj ET Q q 0 0 0 rg BT 499.10 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.79 205.10 Td (Ontario. ) Tj ET Q q 0 0 0 rg BT 546.95 205.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 193.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.26 193.10 Td (head ) Tj ET Q q 0 0 0 rg BT 120.34 193.10 Td (of) Tj ET Q q 0 0 0 rg BT 128.49 193.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 146.68 193.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.55 193.10 Td (located ) Tj ET Q q 0 0 0 rg BT 188.63 193.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.05 193.10 Td (156 ) Tj ET Q q 0 0 0 rg BT 217.25 193.10 Td (Duncan ) Tj ET Q q 0 0 0 rg BT 251.55 193.10 Td (Mill ) Tj ET Q q 0 0 0 rg BT 271.98 193.10 Td (Road, ) Tj ET Q q 0 0 0 rg BT 298.79 193.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 319.77 193.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 335.25 193.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.66 193.10 Td (oronto, ) Tj ET Q q 0 0 0 rg BT 372.47 193.10 Td (Ontario, ) Tj ET Q q 0 0 0 rg BT 408.72 193.10 Td (M3B ) Tj ET Q q 0 0 0 rg BT 432.48 193.10 Td (3N2, ) Tj ET Q q 0 0 0 rg BT 455.41 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.05 193.10 Td (its ) Tj ET Q q 0 0 0 rg BT 485.70 193.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 513.89 193.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 537.08 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 193.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 181.10 Td (oronto ) Tj ET Q q 0 0 0 rg BT 83.52 181.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 108.80 181.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 150.72 181.10 Td (under ) Tj ET Q q 0 0 0 rg BT 175.99 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.71 181.10 Td (symbol ) Tj ET Q q 0 0 0 rg BT 222.65 181.10 Td (CHW) Tj ET Q q 0 0 0 rg BT 245.07 181.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.07 181.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 157.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.24 157.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 135.06 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.66 157.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 169.14 157.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 201.73 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.66 157.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 261.92 157.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 301.75 157.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 321.29 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.44 157.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 373.71 157.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 413.53 157.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 433.07 157.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 457.34 157.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 483.82 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.30 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.67 157.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 538.82 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 157.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.87 145.10 Td (companies: ) Tj ET Q q 0 0 0 rg BT 138.02 145.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 159.51 145.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 181.56 145.10 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 215.82 145.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 266.75 145.10 Td (\("Blue ) Tj ET Q q 0 0 0 rg BT 295.65 145.10 Td (Chip"\) ) Tj ET Q q 0 0 0 rg BT 325.12 145.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 378.26 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.64 145.10 Td (Ontario, ) Tj ET Q q 0 0 0 rg BT 424.29 145.10 Td (Lease-W) Tj ET Q q 0 0 0 rg BT 459.98 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.36 145.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 507.12 145.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 529.17 145.10 Td (Funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 66.68 133.10 Td (\("Case ) Tj ET Q q 0 0 0 rg BT 95.44 133.10 Td (Funding"\), ) Tj ET Q q 0 0 0 rg BT 140.61 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.85 133.10 Td (well ) Tj ET Q q 0 0 0 rg BT 169.98 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.22 133.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 205.46 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.70 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.83 133.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.73 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.97 133.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 315.00 133.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 334.27 133.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 382.85 133.10 Td (Co ) Tj ET Q q 0 0 0 rg BT 396.43 133.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 414.73 133.10 Td (\(填.S. ) Tj ET Q q 0 0 0 rg BT 441.77 133.10 Td (Acquisitionco能), ) Tj ET Q q 0 0 0 rg BT 510.05 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.40 133.10 Td (corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.76 121.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 100.69 121.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 126.83 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.98 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.02 121.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.82 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.97 121.10 Td (each ) Tj ET Q q 0 0 0 rg BT 213.10 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.25 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.29 121.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.87 121.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 329.90 121.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 363.82 121.10 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 398.29 121.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 449.43 121.10 Td (\(撤awnee能), ) Tj ET Q q 0 0 0 rg BT 501.38 121.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 554.73 121.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (Colorado, ) Tj ET Q q 0 0 0 rg BT 93.97 109.10 Td (United ) Tj ET Q q 0 0 0 rg BT 125.95 109.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 156.75 109.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.16 109.10 Td (andem ) Tj ET Q q 0 0 0 rg BT 193.57 109.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 229.99 109.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 250.01 109.10 Td (\("T) Tj ET Q q 0 0 0 rg BT 262.83 109.10 Td (andem"\), ) Tj ET Q q 0 0 0 rg BT 304.16 109.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 359.45 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.99 109.10 Td (Colorado, ) Tj ET Q q 0 0 0 rg BT 416.46 109.10 Td (United ) Tj ET Q q 0 0 0 rg BT 448.44 109.10 Td (States ) Tj ET Q q 0 0 0 rg BT 477.08 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.93 109.10 Td (W) Tj ET Q q 0 0 0 rg BT 504.97 109.10 Td (indset ) Tj ET Q q 0 0 0 rg BT 533.62 109.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 99.43 97.10 Td (\("W) Tj ET Q q 0 0 0 rg BT 115.88 97.10 Td (indset"\), ) Tj ET Q q 0 0 0 rg BT 151.29 97.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.43 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.82 97.10 Td (Delaware, ) Tj ET Q q 0 0 0 rg BT 255.23 97.10 Td (United ) Tj ET Q q 0 0 0 rg BT 284.06 97.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 312.06 97.10 Td (In ) Tj ET Q q 0 0 0 rg BT 322.00 97.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 358.88 97.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 391.58 97.10 Td (holds, ) Tj ET Q q 0 0 0 rg BT 417.36 97.10 Td (through ) Tj ET Q q 0 0 0 rg BT 450.08 97.10 Td (consolidated, ) Tj ET Q q 0 0 0 rg BT 504.73 97.10 Td (wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 81.59 85.10 Td (Purpose ) Tj ET Q q 0 0 0 rg BT 116.46 85.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 149.67 85.10 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 202.30 85.10 Td ("SPEs"\), ) Tj ET Q q 0 0 0 rg BT 240.07 85.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.16 85.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 284.81 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.79 85.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 322.32 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.42 85.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 363.18 85.10 Td (which ) Tj ET Q q 0 0 0 rg BT 390.27 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.13 85.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 442.21 85.10 Td (through ) Tj ET Q q 0 0 0 rg BT 475.97 85.10 Td (arm's ) Tj ET Q q 0 0 0 rg BT 499.87 85.10 Td (length ) Tj ET Q q 0 0 0 rg BT 527.52 85.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 98.95 73.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.45 73.10 Td (See ) Tj ET Q q 0 0 0 rg BT 118.39 73.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 140.33 73.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 147.83 73.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 153.66 73.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 188.92 73.10 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.67 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.17 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.11 73.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 278.05 73.10 Td (12\(b\) ) Tj ET Q q 0 0 0 rg BT 302.21 73.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 308.04 73.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 326.56 73.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.90 73.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 86.44 49.10 Td (its ) Tj ET Q q 0 0 0 rg BT 98.39 49.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 150.60 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.32 49.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.71 49.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 242.52 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.80 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.52 49.10 Td (following ) Tj ET Q q 0 0 0 rg BT 308.90 49.10 Td (businesses:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 550.5 645.9333984375 m 555.5 645.9333984375 l s q 0 0 1 rg BT 550.50 647.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.85 630.9333984375 m 555.47890625 630.9333984375 l s q 0 0 1 rg BT 545.85 632.27 Td (1) Tj ET Q q 0 0 1 rg BT 550.48 632.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 615.9333984375 m 555.5 615.9333984375 l s q 0 0 1 rg BT 545.50 617.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 600.9333984375 m 555.5 600.9333984375 l s q 0 0 1 rg BT 545.50 602.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 585.9333984375 m 555.5 585.9333984375 l s q 0 0 1 rg BT 545.50 587.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 570.9333984375 m 555.5 570.9333984375 l s q 0 0 1 rg BT 545.50 572.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 555.9333984375 m 555.5 555.9333984375 l s q 0 0 1 rg BT 545.50 557.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 540.9333984375 m 555.5 540.9333984375 l s q 0 0 1 rg BT 545.50 542.27 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 525.9333984375 m 555.5 525.9333984375 l s q 0 0 1 rg BT 545.50 527.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 510.93339843750005 m 555.5 510.93339843750005 l s q 0 0 1 rg BT 545.50 512.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 495.93339843750005 m 555.5 495.93339843750005 l s q 0 0 1 rg BT 545.50 497.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 480.93339843750005 m 555.5 480.93339843750005 l s q 0 0 1 rg BT 545.50 482.27 Td (32) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 465.93339843750005 m 555.5 465.93339843750005 l s q 0 0 1 rg BT 545.50 467.27 Td (34) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 450.93339843750005 m 555.5 450.93339843750005 l s q 0 0 1 rg BT 545.50 452.27 Td (34) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 435.93339843750005 m 555.5 435.93339843750005 l s q 0 0 1 rg BT 545.50 437.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 420.93339843750005 m 555.5 420.93339843750005 l s q 0 0 1 rg BT 545.50 422.27 Td (38) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 405.93339843750005 m 555.5 405.93339843750005 l s q 0 0 1 rg BT 545.50 407.27 Td (38) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 390.93339843750005 m 555.5 390.93339843750005 l s q 0 0 1 rg BT 545.50 392.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 375.93339843750005 m 555.5 375.93339843750005 l s q 0 0 1 rg BT 545.50 377.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 360.93339843750005 m 555.5 360.93339843750005 l s q 0 0 1 rg BT 545.50 362.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 345.93339843750005 m 555.5 345.93339843750005 l s q 0 0 1 rg BT 545.50 347.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 330.93339843750005 m 555.5 330.93339843750005 l s q 0 0 1 rg BT 545.50 332.27 Td (43) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 315.93339843750005 m 555.5 315.93339843750005 l s q 0 0 1 rg BT 545.50 317.27 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 300.93339843750005 m 555.5 300.93339843750005 l s q 0 0 1 rg BT 545.50 302.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 285.93339843750005 m 555.5 285.93339843750005 l s q 0 0 1 rg BT 545.50 287.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 270.93339843750005 m 555.5 270.93339843750005 l s q 0 0 1 rg BT 545.50 272.27 Td (46) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 545.5 255.93339843750005 m 555.5 255.93339843750005 l s q 0 0 1 rg BT 545.50 257.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 21 0 obj <> endobj 22 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 713.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 119.10 713.10 Td (- ) Tj ET Q q 0 0 0 rg BT 124.93 713.10 Td (micro ) Tj ET Q q 0 0 0 rg BT 150.75 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.69 713.10 Td (small-ticket ) Tj ET Q q 0 0 0 rg BT 217.40 713.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 262.11 713.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 302.38 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.65 713.10 Td (small ) Tj ET Q q 0 0 0 rg BT 336.82 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.76 713.10 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 412.91 713.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 457.63 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.91 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.62 713.10 Td (United ) Tj ET Q q 0 0 0 rg BT 512.34 713.10 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 701.10 Td (andem ) Tj ET Q q 0 0 0 rg BT 119.57 701.10 Td (- ) Tj ET Q q 0 0 0 rg BT 124.91 701.10 Td (small-ticket ) Tj ET Q q 0 0 0 rg BT 174.12 701.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 218.34 701.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 258.11 701.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 307.89 701.10 Td (through ) Tj ET Q q 0 0 0 rg BT 341.00 701.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 385.22 701.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 418.88 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.33 701.10 Td (distributors ) Tj ET Q q 0 0 0 rg BT 482.89 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.68 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.90 701.10 Td (United ) Tj ET Q q 0 0 0 rg BT 536.12 701.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 565.01 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 689.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 106.89 689.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 128.83 689.10 Td (- ) Tj ET Q q 0 0 0 rg BT 134.67 689.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 184.36 689.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 229.07 689.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 269.34 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.62 689.10 Td (small ) Tj ET Q q 0 0 0 rg BT 303.78 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.72 689.10 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 379.87 689.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 424.59 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.87 689.10 Td (Canada. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 677.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 106.91 677.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 142.22 677.10 Td (- ) Tj ET Q q 0 0 0 rg BT 147.52 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.92 677.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 197.56 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.97 677.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 240.94 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.23 677.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 272.64 677.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 304.03 677.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 350.97 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.72 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.90 677.10 Td (United ) Tj ET Q q 0 0 0 rg BT 404.09 677.10 Td (States ) Tj ET Q q 0 0 0 rg BT 429.95 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.35 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.99 677.10 Td (no ) Tj ET Q q 0 0 0 rg BT 466.96 677.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 494.48 677.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 528.10 677.10 Td (operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.33 665.10 Td (described ) Tj ET Q q 0 0 0 rg BT 137.15 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.42 665.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 169.36 665.10 Td (5\(c\) ) Tj ET Q q 0 0 0 rg BT 187.96 665.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.79 665.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 219.44 665.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.44 665.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 641.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 120.59 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.07 641.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 205.28 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 245.55 641.10 Td (comparatives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 105.77 629.10 Td (been ) Tj ET Q q 0 0 0 rg BT 126.05 629.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 162.42 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.59 629.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.95 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.13 629.10 Td (International ) Tj ET Q q 0 0 0 rg BT 289.61 629.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 328.22 629.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 369.61 629.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 410.45 629.10 Td (\("IFRS"\), ) Tj ET Q q 0 0 0 rg BT 450.29 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.02 629.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 486.41 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.81 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.42 629.10 Td (International ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 134.20 617.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 175.67 617.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 202.15 617.10 Td (\(的ASB能). ) Tj ET Q q 0 0 0 rg BT 244.87 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.45 617.10 Td (term ) Tj ET Q q 0 0 0 rg BT 282.82 617.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 305.98 617.10 Td (also ) Tj ET Q q 0 0 0 rg BT 324.13 617.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 359.49 617.10 Td (all ) Tj ET Q q 0 0 0 rg BT 371.53 617.10 Td (International ) Tj ET Q q 0 0 0 rg BT 424.21 617.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 472.90 617.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 514.38 617.10 Td (\(的AS能) ) Tj ET Q q 0 0 0 rg BT 548.07 617.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td (all ) Tj ET Q q 0 0 0 rg BT 98.00 605.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 158.25 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.08 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.80 605.10 Td (International ) Tj ET Q q 0 0 0 rg BT 237.39 605.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 277.10 605.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 319.60 605.10 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 380.41 605.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 427.35 605.10 Td (\(的FRIC能).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td (have ) Tj ET Q q 0 0 0 rg BT 106.48 593.10 Td (been ) Tj ET Q q 0 0 0 rg BT 127.47 593.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 164.55 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.65 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.98 593.10 Td (going ) Tj ET Q q 0 0 0 rg BT 215.86 593.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 249.61 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.16 593.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 305.47 593.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 323.69 593.10 Td (bases, ) Tj ET Q q 0 0 0 rg BT 349.95 593.10 Td (except ) Tj ET Q q 0 0 0 rg BT 378.15 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.92 593.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 434.01 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 471.09 593.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 519.86 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.41 593.10 Td (hybrid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.98 581.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.70 581.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 207.96 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.79 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 228.51 581.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.88 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 269.04 581.10 Td (through ) Tj ET Q q 0 0 0 rg BT 302.65 581.10 Td (net ) Tj ET Q q 0 0 0 rg BT 317.37 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 349.30 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.13 581.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 380.69 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 407.63 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.01 581.10 Td (been ) Tj ET Q q 0 0 0 rg BT 450.38 581.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 491.20 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.92 581.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 517.29 581.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (include ) Tj ET Q q 0 0 0 rg BT 117.27 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.83 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.14 569.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 213.69 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.36 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.92 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 280.14 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.92 569.10 Td (its ) Tj ET Q q 0 0 0 rg BT 308.70 569.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 358.26 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.93 569.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 393.48 569.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 422.20 569.10 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 473.42 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.97 569.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 540.85 569.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.99 557.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 137.80 557.10 Td (method ) Tj ET Q q 0 0 0 rg BT 170.08 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 191.79 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.28 557.10 Td (date ) Tj ET Q q 0 0 0 rg BT 225.21 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.82 557.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 284.47 557.10 Td (being ) Tj ET Q q 0 0 0 rg BT 308.97 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.46 557.10 Td (date ) Tj ET Q q 0 0 0 rg BT 342.39 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 354.67 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 381.38 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.87 557.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.03 557.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 468.20 557.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 501.30 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.01 557.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.72 557.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.12 545.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 149.85 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.36 545.10 Td (long ) Tj ET Q q 0 0 0 rg BT 180.33 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.84 545.10 Td (control ) Tj ET Q q 0 0 0 rg BT 221.35 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.20 545.10 Td (held. ) Tj ET Q q 0 0 0 rg BT 251.95 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.68 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.84 545.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 351.24 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.75 545.10 Td (all ) Tj ET Q q 0 0 0 rg BT 373.93 545.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 423.33 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.72 545.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 474.88 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 488.73 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.13 545.10 Td (same ) Tj ET Q q 0 0 0 rg BT 525.86 545.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (period ) Tj ET Q q 0 0 0 rg BT 112.32 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.93 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.42 533.10 Td (Company) Tj ET Q q 0 0 0 rg BT 173.66 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.43 533.10 Td (using ) Tj ET Q q 0 0 0 rg BT 200.38 533.10 Td (uniform ) Tj ET Q q 0 0 0 rg BT 233.87 533.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 279.02 533.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 311.40 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.45 533.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 366.69 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.75 533.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 408.14 533.10 Td (10, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 421.92 533.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 476.53 533.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 516.69 533.10 Td (Statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.10 Td (All ) Tj ET Q q 0 0 0 rg BT 100.69 521.10 Td (intra-group ) Tj ET Q q 0 0 0 rg BT 148.08 521.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 184.91 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.76 521.10 Td (items ) Tj ET Q q 0 0 0 rg BT 225.83 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.57 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 268.42 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.26 521.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 319.88 521.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 357.28 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.13 521.10 Td (intra-group ) Tj ET Q q 0 0 0 rg BT 426.52 521.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 476.70 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.31 521.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 535.93 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 546.11 521.10 Td (full. ) Tj ET Q q 0 0 0 rg BT 565.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.50 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.26 509.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 134.85 509.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 157.35 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.63 509.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 214.00 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.28 509.10 Td (business ) Tj ET Q q 0 0 0 rg BT 270.67 509.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 327.05 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 341.76 509.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 381.47 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.30 509.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.47 485.10 Td (order ) Tj ET Q q 0 0 0 rg BT 86.21 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.62 485.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 134.59 485.10 Td (clarity) Tj ET Q q 0 0 0 rg BT 159.48 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.62 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.46 485.10 Td (items ) Tj ET Q q 0 0 0 rg BT 221.77 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 244.28 485.10 Td (been ) Tj ET Q q 0 0 0 rg BT 266.80 485.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.87 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.29 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.14 485.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 391.33 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.95 485.10 Td (statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.16 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.80 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 497.21 485.10 Td (details ) Tj ET Q q 0 0 0 rg BT 526.96 485.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 91.74 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.22 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.15 473.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 140.18 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.67 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.59 473.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 218.07 473.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 256.99 473.10 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 305.08 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.22 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 350.13 473.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 401.26 473.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 430.73 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 451.32 473.10 Td (been ) Tj ET Q q 0 0 0 rg BT 471.90 473.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 519.14 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.62 473.10 Td (conform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.58 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.11 461.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 122.29 461.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 155.25 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.33 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.85 461.10 Td (current ) Tj ET Q q 0 0 0 rg BT 207.48 461.10 Td (year's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.68 461.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 262.42 461.10 Td (consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.96 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.27 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.56 461.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 396.58 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.88 461.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 418.63 461.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 453.27 461.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 496.23 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 516.97 461.10 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.75 449.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 104.99 449.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 151.61 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 162.41 449.10 Td (they ) Tj ET Q q 0 0 0 rg BT 182.10 449.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 207.33 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.57 449.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 239.48 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.16 449.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 298.29 449.10 Td (required ) Tj ET Q q 0 0 0 rg BT 334.08 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.21 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.89 449.10 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 418.68 449.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 465.03 449.10 Td (classification. ) Tj ET Q q 0 0 0 rg BT 522.76 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.05 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 543.06 449.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 81.42 437.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 125.00 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.17 437.10 Td (included ) Tj ET Q q 0 0 0 rg BT 171.11 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.38 437.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 216.10 437.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 244.71 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.65 437.10 Td (its ) Tj ET Q q 0 0 0 rg BT 273.60 437.10 Td (net ) Tj ET Q q 0 0 0 rg BT 288.32 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 316.93 437.10 Td (has ) Tj ET Q q 0 0 0 rg BT 332.76 437.10 Td (been ) Tj ET Q q 0 0 0 rg BT 354.13 437.10 Td (included ) Tj ET Q q 0 0 0 rg BT 391.07 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.35 437.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 426.61 437.10 Td (Expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.17 413.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.83 413.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.84 413.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 146.39 413.10 Td (consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.94 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.06 413.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.16 413.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 280.49 413.10 Td (were ) Tj ET Q q 0 0 0 rg BT 302.03 413.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 346.36 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.13 413.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 382.25 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.37 413.10 Td (March ) Tj ET Q q 0 0 0 rg BT 422.59 413.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 437.21 413.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 459.33 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 471.45 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.78 413.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 512.34 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.79 413.10 Td (Directors. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (For) Tj ET Q q 0 0 0 rg BT 64.87 386.10 Td (eign curr) Tj ET Q q 0 0 0 rg BT 103.84 386.10 Td (ency transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.54 371.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.00 371.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 152.71 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.52 371.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 218.56 371.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 250.93 371.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.85 371.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.55 371.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 333.01 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.28 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.21 371.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 384.57 371.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 423.04 371.10 Td (are ) Tj ET Q q 0 0 0 rg BT 438.73 371.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 481.09 371.10 Td (using ) Tj ET Q q 0 0 0 rg BT 506.25 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 371.10 Td (functional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 88.15 359.10 Td (concept ) Tj ET Q q 0 0 0 rg BT 122.93 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.93 359.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 154.73 359.10 Td (21, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 170.90 359.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.58 359.10 Td (Effects ) Tj ET Q q 0 0 0 rg BT 220.47 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.93 359.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 270.61 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.06 359.10 Td (For) Tj ET Q q 0 0 0 rg BT 296.69 359.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 317.59 359.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 360.69 359.10 Td (Rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.91 359.10 Td (. ) Tj ET Q q 0 0 0 rg BT 388.82 359.10 Td (The ) Tj ET Q q 0 0 0 rg BT 408.04 359.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 452.26 359.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 490.92 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.93 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.04 359.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 555.83 359.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.54 347.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.60 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.87 347.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 144.93 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.32 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.59 347.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 203.31 347.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 244.24 347.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 296.84 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.67 347.10 Td (which ) Tj ET Q q 0 0 0 rg BT 333.17 347.10 Td (it ) Tj ET Q q 0 0 0 rg BT 340.78 347.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 376.16 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.65 347.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 429.70 347.10 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 480.08 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.92 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.19 347.10 Td (local ) Tj ET Q q 0 0 0 rg BT 525.68 347.10 Td (currency) Tj ET Q q 0 0 0 rg BT 560.01 347.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.51 323.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 106.62 323.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 144.06 323.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.19 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.87 323.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 208.09 323.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 233.88 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.78 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.46 323.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.90 323.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 347.57 323.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.24 323.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 403.02 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.25 323.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 455.72 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.51 323.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 506.73 323.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 536.41 323.10 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (per ) Tj ET Q q 0 0 0 rg BT 65.02 311.10 Td (share ) Tj ET Q q 0 0 0 rg BT 88.87 311.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 125.51 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.70 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.79 311.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 195.42 311.10 Td (noted. ) Tj ET Q q 0 0 0 rg BT 222.89 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.44 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 243.74 311.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 287.04 311.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 324.76 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.85 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.82 311.10 Td (Company) Tj ET Q q 0 0 0 rg BT 389.05 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.31 311.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 443.17 311.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 482.60 311.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 504.24 311.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 525.88 311.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 548.08 311.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (Lease-W) Tj ET Q q 0 0 0 rg BT 85.18 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.58 299.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 129.86 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.15 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.98 299.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 194.37 299.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 217.14 299.10 Td (. ) Tj ET Q q 0 0 0 rg BT 222.07 299.10 Td (The ) Tj ET Q q 0 0 0 rg BT 240.23 299.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 283.39 299.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 320.99 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.94 299.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 351.76 299.10 Td (Acquisitionco, ) Tj ET Q q 0 0 0 rg BT 412.98 299.10 Td (Pawnee, ) Tj ET Q q 0 0 0 rg BT 449.01 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 458.05 299.10 Td (indset, ) Tj ET Q q 0 0 0 rg BT 486.87 299.10 Td (T) Tj ET Q q 0 0 0 rg BT 492.28 299.10 Td (andem, ) Tj ET Q q 0 0 0 rg BT 524.05 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.88 299.10 Td (SPEs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 287.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 88.43 287.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 124.29 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.49 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.23 287.10 Td (United ) Tj ET Q q 0 0 0 rg BT 177.98 287.10 Td (States ) Tj ET Q q 0 0 0 rg BT 204.39 287.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 227.16 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.19 287.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.71 287.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.24 287.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 269.75 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.71 287.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 325.34 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.20 287.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 385.94 287.10 Td (with ) Tj ET Q q 0 0 0 rg BT 406.24 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.21 287.10 Td (dif) Tj ET Q q 0 0 0 rg BT 424.13 287.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 449.98 287.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 493.04 287.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 530.54 287.10 Td (than ) Tj ET Q q 0 0 0 rg BT 550.29 287.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 275.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.23 275.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 150.28 275.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 188.43 275.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.81 275.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 245.85 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.80 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.20 275.10 Td (Company) Tj ET Q q 0 0 0 rg BT 313.86 275.10 Td (s ) Tj ET Q q 0 0 0 rg BT 320.93 275.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 374.64 275.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 412.80 275.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 458.18 275.10 Td (at ) Tj ET Q q 0 0 0 rg BT 468.57 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.96 275.10 Td (average ) Tj ET Q q 0 0 0 rg BT 518.22 275.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 539.18 275.10 Td (dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.64 263.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 107.01 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.06 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.66 263.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 174.71 263.10 Td (period ) Tj ET Q q 0 0 0 rg BT 202.64 263.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 220.02 263.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.62 263.10 Td (year ) Tj ET Q q 0 0 0 rg BT 254.21 263.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.09 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.48 263.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.86 263.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.33 263.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.33 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.72 263.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.44 263.10 Td (1.3269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.94 263.10 Td (; ) Tj ET Q q 0 0 0 rg BT 402.10 263.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 424.49 263.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.21 263.10 Td (1.2957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.71 263.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 465.92 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.75 263.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.46 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 263.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.15 251.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 105.47 251.10 Td (at ) Tj ET Q q 0 0 0 rg BT 115.13 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.80 251.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 161.13 251.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 178.56 251.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 192.67 251.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.33 251.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 260.86 251.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.86 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.31 251.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.08 251.10 Td (1.2988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.58 251.10 Td (; ) Tj ET Q q 0 0 0 rg BT 321.81 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 365.34 251.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.29 251.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 402.73 251.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.51 251.10 Td (1.3642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.01 251.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 444.29 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.73 251.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 488.60 251.10 Td (dif) Tj ET Q q 0 0 0 rg BT 499.53 251.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 535.28 251.10 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.66 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.59 239.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 131.52 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.44 239.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 193.02 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.52 239.10 Td (other ) Tj ET Q q 0 0 0 rg BT 226.78 239.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 290.03 239.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 324.68 239.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 358.51 239.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 396.20 239.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 433.90 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.06 239.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 498.75 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.24 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.18 239.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.41 227.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 97.97 227.10 Td (position ) Tj ET Q q 0 0 0 rg BT 132.78 227.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.56 227.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 185.12 227.10 Td (at ) Tj ET Q q 0 0 0 rg BT 194.91 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.71 227.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 256.16 227.10 Td (date ) Tj ET Q q 0 0 0 rg BT 275.40 227.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.19 227.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 306.38 227.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 348.38 227.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 372.07 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.09 227.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 415.56 227.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 445.36 227.10 Td (from ) Tj ET Q q 0 0 0 rg BT 467.38 227.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 513.83 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.74 227.10 Td (monetary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.27 215.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 131.99 215.10 Td (at ) Tj ET Q q 0 0 0 rg BT 141.70 215.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 181.96 215.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 203.33 215.10 Td (at ) Tj ET Q q 0 0 0 rg BT 213.05 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.77 215.10 Td (end ) Tj ET Q q 0 0 0 rg BT 244.71 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.54 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.25 215.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 309.41 215.10 Td (period ) Tj ET Q q 0 0 0 rg BT 337.45 215.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.16 215.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 398.52 215.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.35 215.10 Td (income ) Tj ET Q q 0 0 0 rg BT 441.29 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.12 215.10 Td (expense. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (Statement of cash flows) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.76 191.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.60 176.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 106.47 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.36 176.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.68 176.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 161.95 176.10 Td (which ) Tj ET Q q 0 0 0 rg BT 187.94 176.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.17 176.10 Td (compiled ) Tj ET Q q 0 0 0 rg BT 234.93 176.10 Td (using ) Tj ET Q q 0 0 0 rg BT 258.15 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.92 176.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 304.02 176.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 338.06 176.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 364.62 176.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.94 176.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 407.72 176.10 Td (from ) Tj ET Q q 0 0 0 rg BT 428.71 176.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 470.53 176.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 508.74 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 176.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 90.49 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.32 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.93 164.10 Td (Company) Tj ET Q q 0 0 0 rg BT 163.59 164.10 Td (s ) Tj ET Q q 0 0 0 rg BT 169.88 164.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.04 164.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.65 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.25 164.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 256.64 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.47 164.10 Td (end ) Tj ET Q q 0 0 0 rg BT 290.30 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.02 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.63 164.10 Td (year) Tj ET Q q 0 0 0 rg BT 332.29 164.10 Td (. ) Tj ET Q q 0 0 0 rg BT 337.18 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.57 164.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 361.96 164.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 386.57 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.74 164.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 428.01 164.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 471.49 164.10 Td (have ) Tj ET Q q 0 0 0 rg BT 492.76 164.10 Td (been ) Tj ET Q q 0 0 0 rg BT 514.03 164.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 555.29 164.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 152.10 Td (average ) Tj ET Q q 0 0 0 rg BT 98.47 152.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.30 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.79 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.85 152.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 176.73 152.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 218.99 152.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 236.81 152.10 Td (dif) Tj ET Q q 0 0 0 rg BT 247.74 152.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 283.88 152.10 Td (af) Tj ET Q q 0 0 0 rg BT 291.47 152.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 322.07 152.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.68 152.10 Td (items ) Tj ET Q q 0 0 0 rg BT 367.18 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.22 152.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 423.38 152.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 466.75 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.36 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.42 152.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 533.57 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.74 152.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.53 116.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 91.90 116.10 Td (from ) Tj ET Q q 0 0 0 rg BT 113.37 116.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 153.16 116.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 191.29 116.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 233.87 116.10 Td (net ) Tj ET Q q 0 0 0 rg BT 248.12 116.10 Td (income ) Tj ET Q q 0 0 0 rg BT 279.59 116.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 314.95 116.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.64 116.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 366.77 116.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 392.97 116.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 427.21 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.02 116.10 Td (working ) Tj ET Q q 0 0 0 rg BT 472.38 116.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 501.07 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.54 116.10 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.22 104.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 92.55 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.05 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.55 104.10 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 134.48 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.42 104.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 192.24 104.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.52 104.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 243.34 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.62 104.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 268.33 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.04 104.10 Td (included ) Tj ET Q q 0 0 0 rg BT 319.97 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.25 104.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.52 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.46 104.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 412.72 104.10 Td (activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.52 80.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 91.87 80.10 Td (from ) Tj ET Q q 0 0 0 rg BT 113.32 80.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 152.01 80.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 190.12 80.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 232.69 80.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 273.03 80.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 305.59 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.39 80.10 Td (business ) Tj ET Q q 0 0 0 rg BT 351.30 80.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 401.09 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.54 80.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 455.10 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.45 80.10 Td (property ) Tj ET Q q 0 0 0 rg BT 501.34 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.80 80.10 Td (equipment.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I6 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 33.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.06 713.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 94.96 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 117.96 713.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 159.29 713.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 198.95 713.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 243.06 713.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 281.06 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.95 713.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 335.40 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.40 713.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 394.73 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 420.79 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 436.57 713.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 475.67 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 498.67 713.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 550.29 713.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 87.54 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.48 701.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 156.96 701.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 202.77 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.71 701.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 243.32 701.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 272.21 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.15 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.87 701.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 341.90 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.84 701.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 376.89 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.72 701.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 422.42 701.10 Td (stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 672.60 Td (Exer) Tj ET Q q 0 0 0 rg BT 69.87 672.60 Td (cise of judgment and use of accounting estimates and assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 657.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 116.71 657.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.10 657.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.38 657.60 Td (Company) Tj ET Q q 0 0 0 rg BT 185.04 657.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 657.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 224.49 657.60 Td (consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.04 657.60 Td ( ) Tj ET Q q 0 0 0 rg BT 278.10 657.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.14 657.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 361.42 657.60 Td (in ) Tj ET Q q 0 0 0 rg BT 372.26 657.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 420.28 657.60 Td (with ) Tj ET Q q 0 0 0 rg BT 441.12 657.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 465.31 657.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 500.58 657.60 Td (management ) Tj ET Q q 0 0 0 rg BT 554.73 657.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 74.09 645.60 Td (a ) Tj ET Q q 0 0 0 rg BT 80.90 645.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 125.49 645.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 154.51 645.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 645.60 Td (judgment ) Tj ET Q q 0 0 0 rg BT 205.36 645.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.52 645.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 252.89 645.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.48 645.60 Td (Company) Tj ET Q q 0 0 0 rg BT 309.14 645.60 Td (s ) Tj ET Q q 0 0 0 rg BT 315.41 645.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.76 645.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 399.01 645.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 432.49 645.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.30 645.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.45 645.60 Td (make ) Tj ET Q q 0 0 0 rg BT 483.48 645.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.06 645.60 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 633.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 106.15 633.60 Td (that ) Tj ET Q q 0 0 0 rg BT 123.65 633.60 Td (have ) Tj ET Q q 0 0 0 rg BT 145.02 633.60 Td (a ) Tj ET Q q 0 0 0 rg BT 151.96 633.60 Td (material ) Tj ET Q q 0 0 0 rg BT 187.22 633.60 Td (ef) Tj ET Q q 0 0 0 rg BT 194.81 633.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 212.29 633.60 Td (on ) Tj ET Q q 0 0 0 rg BT 224.79 633.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.51 633.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 275.33 633.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 311.71 633.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.54 633.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 350.87 633.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 393.09 633.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.23 633.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.17 633.60 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 609.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 120.56 609.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.03 609.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 178.28 609.60 Td (are ) Tj ET Q q 0 0 0 rg BT 193.52 609.60 Td (based ) Tj ET Q q 0 0 0 rg BT 219.32 609.60 Td (on ) Tj ET Q q 0 0 0 rg BT 232.36 609.60 Td (premises ) Tj ET Q q 0 0 0 rg BT 270.94 609.60 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 609.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 317.53 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.78 609.60 Td (facts ) Tj ET Q q 0 0 0 rg BT 354.69 609.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.72 609.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.96 609.60 Td (known ) Tj ET Q q 0 0 0 rg BT 418.22 609.60 Td (at ) Tj ET Q q 0 0 0 rg BT 428.47 609.60 Td (any ) Tj ET Q q 0 0 0 rg BT 445.94 609.60 Td (given ) Tj ET Q q 0 0 0 rg BT 471.19 609.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 494.50 609.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 523.64 609.60 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 80.76 597.60 Td (are ) Tj ET Q q 0 0 0 rg BT 97.01 597.60 Td (inherently ) Tj ET Q q 0 0 0 rg BT 141.60 597.60 Td (dif) Tj ET Q q 0 0 0 rg BT 152.53 597.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 177.68 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.51 597.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 221.32 597.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.81 597.60 Td (are ) Tj ET Q q 0 0 0 rg BT 256.07 597.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 289.55 597.60 Td (management) Tj ET Q q 0 0 0 rg BT 343.42 597.60 Td (s ) Tj ET Q q 0 0 0 rg BT 351.36 597.60 Td (control. ) Tj ET Q q 0 0 0 rg BT 386.23 597.60 Td (If ) Tj ET Q q 0 0 0 rg BT 396.94 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.21 597.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 441.13 597.60 Td (development ) Tj ET Q q 0 0 0 rg BT 496.83 597.60 Td (dif) Tj ET Q q 0 0 0 rg BT 507.76 597.60 Td (fers ) Tj ET Q q 0 0 0 rg BT 526.80 597.60 Td (from ) Tj ET Q q 0 0 0 rg BT 550.28 597.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.44 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.38 585.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 160.58 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.29 585.60 Td (premises ) Tj ET Q q 0 0 0 rg BT 213.33 585.60 Td (used ) Tj ET Q q 0 0 0 rg BT 234.16 585.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 253.59 585.60 Td (if ) Tj ET Q q 0 0 0 rg BT 262.19 585.60 Td (necessary) Tj ET Q q 0 0 0 rg BT 300.41 585.60 Td (, ) Tj ET Q q 0 0 0 rg BT 305.40 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.12 585.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 355.92 585.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 392.31 585.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.46 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.17 585.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 447.00 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.93 585.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 503.64 585.60 Td (in ) Tj ET Q q 0 0 0 rg BT 513.91 585.60 Td (question ) Tj ET Q q 0 0 0 rg BT 550.29 585.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.12 573.60 Td (accordingly) Tj ET Q q 0 0 0 rg BT 131.68 573.60 Td (. ) Tj ET Q q 0 0 0 rg BT 136.31 573.60 Td (The ) Tj ET Q q 0 0 0 rg BT 154.15 573.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 189.21 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.84 573.60 Td (judgment ) Tj ET Q q 0 0 0 rg BT 239.91 573.60 Td (is ) Tj ET Q q 0 0 0 rg BT 248.88 573.60 Td (based ) Tj ET Q q 0 0 0 rg BT 273.94 573.60 Td (on ) Tj ET Q q 0 0 0 rg BT 286.24 573.60 Td (management) Tj ET Q q 0 0 0 rg BT 340.11 573.60 Td (s ) Tj ET Q q 0 0 0 rg BT 346.30 573.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 391.90 573.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.64 573.60 Td (also ) Tj ET Q q 0 0 0 rg BT 427.05 573.60 Td (on ) Tj ET Q q 0 0 0 rg BT 439.34 573.60 Td (past ) Tj ET Q q 0 0 0 rg BT 457.75 573.60 Td (history) Tj ET Q q 0 0 0 rg BT 484.88 573.60 Td (. ) Tj ET Q q 0 0 0 rg BT 489.68 573.60 Td ( ) Tj ET Q q 0 0 0 rg BT 491.47 573.60 Td (As ) Tj ET Q q 0 0 0 rg BT 504.88 573.60 Td (a ) Tj ET Q q 0 0 0 rg BT 511.62 573.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 538.64 573.60 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.89 561.60 Td (could ) Tj ET Q q 0 0 0 rg BT 110.60 561.60 Td (dif) Tj ET Q q 0 0 0 rg BT 121.53 561.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 135.13 561.60 Td (from ) Tj ET Q q 0 0 0 rg BT 157.07 561.60 Td (these ) Tj ET Q q 0 0 0 rg BT 180.12 561.60 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.60 Td (The ) Tj ET Q q 0 0 0 rg BT 67.11 537.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.04 537.60 Td (value ) Tj ET Q q 0 0 0 rg BT 106.76 537.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.15 537.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.65 537.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.69 537.60 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 214.12 537.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 243.39 537.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 268.78 537.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 305.26 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 321.76 537.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 377.69 537.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 396.97 537.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.81 537.60 Td (business ) Tj ET Q q 0 0 0 rg BT 442.76 537.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 495.10 537.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.59 537.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 533.09 537.60 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 97.36 525.60 Td (are ) Tj ET Q q 0 0 0 rg BT 112.45 525.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 153.66 525.60 Td (using ) Tj ET Q q 0 0 0 rg BT 178.22 525.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 218.32 525.60 Td (techniques ) Tj ET Q q 0 0 0 rg BT 263.97 525.60 Td (based ) Tj ET Q q 0 0 0 rg BT 289.63 525.60 Td (on ) Tj ET Q q 0 0 0 rg BT 302.52 525.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 354.85 525.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 368.57 525.60 Td (for ) Tj ET Q q 0 0 0 rg BT 383.12 525.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 422.38 525.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 463.59 525.60 Td (future ) Tj ET Q q 0 0 0 rg BT 490.35 525.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.01 525.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 538.62 525.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.07 513.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 100.18 513.60 Td (movements, ) Tj ET Q q 0 0 0 rg BT 151.92 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.27 513.60 Td (probability ) Tj ET Q q 0 0 0 rg BT 214.28 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.75 513.60 Td (success ) Tj ET Q q 0 0 0 rg BT 258.87 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.33 513.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 292.90 513.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 322.13 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.70 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.05 513.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 384.30 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.76 513.60 Td (collections. ) Tj ET Q q 0 0 0 rg BT 444.49 513.60 Td (The ) Tj ET Q q 0 0 0 rg BT 463.17 513.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 504.62 513.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 521.63 513.60 Td (values ) Tj ET Q q 0 0 0 rg BT 550.31 513.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.60 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 87.00 501.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.27 501.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 131.98 501.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.26 501.60 Td (these ) Tj ET Q q 0 0 0 rg BT 165.31 501.60 Td (assumptions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.60 Td (There ) Tj ET Q q 0 0 0 rg BT 75.32 477.60 Td (were ) Tj ET Q q 0 0 0 rg BT 97.24 477.60 Td (no ) Tj ET Q q 0 0 0 rg BT 109.74 477.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 154.46 477.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 189.16 477.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.44 477.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 239.15 477.60 Td (made ) Tj ET Q q 0 0 0 rg BT 263.31 477.60 Td (in ) Tj ET Q q 0 0 0 rg BT 273.59 477.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.30 477.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 319.69 477.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 351.62 477.60 Td (that ) Tj ET Q q 0 0 0 rg BT 369.12 477.60 Td (have ) Tj ET Q q 0 0 0 rg BT 390.50 477.60 Td (been ) Tj ET Q q 0 0 0 rg BT 411.87 477.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 447.70 477.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.98 477.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.69 477.60 Td (final ) Tj ET Q q 0 0 0 rg BT 493.52 477.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 521.28 477.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 453.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 98.77 453.60 Td (about ) Tj ET Q q 0 0 0 rg BT 122.49 453.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 151.75 453.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 194.92 453.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.20 453.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 240.70 453.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 286.08 453.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 318.68 453.60 Td (that ) Tj ET Q q 0 0 0 rg BT 335.18 453.60 Td (have ) Tj ET Q q 0 0 0 rg BT 355.56 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.29 453.60 Td (most ) Tj ET Q q 0 0 0 rg BT 390.24 453.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 433.95 453.60 Td (ef) Tj ET Q q 0 0 0 rg BT 441.54 453.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 458.03 453.60 Td (on ) Tj ET Q q 0 0 0 rg BT 469.53 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 483.25 453.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 518.65 453.60 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.59 441.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.12 441.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 105.86 441.60 Td (consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.40 441.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.71 441.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.01 441.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 240.53 441.60 Td (are ) Tj ET Q q 0 0 0 rg BT 255.05 441.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 295.67 441.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.76 441.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.29 441.60 Td (following ) Tj ET Q q 0 0 0 rg BT 361.49 441.60 Td (Notes: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.91 441.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 392.22 441.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 413.42 441.60 Td (6 ) Tj ET Q q 0 0 0 rg BT 420.73 441.60 Td (- ) Tj ET Q q 0 0 0 rg BT 426.37 441.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 461.44 441.60 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 514.00 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.31 441.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 552.51 441.60 Td (15 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 429.60 Td (- ) Tj ET Q q 0 0 0 rg BT 55.33 429.60 Td (T) Tj ET Q q 0 0 0 rg BT 59.97 429.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.74 429.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.21 405.60 Td (about ) Tj ET Q q 0 0 0 rg BT 123.38 405.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 174.77 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.16 405.60 Td (estimation ) Tj ET Q q 0 0 0 rg BT 234.77 405.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 287.81 405.60 Td (that ) Tj ET Q q 0 0 0 rg BT 304.75 405.60 Td (have ) Tj ET Q q 0 0 0 rg BT 325.57 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.96 405.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.12 405.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.07 405.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.35 405.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 440.29 405.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.02 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 456.40 405.60 Td (material ) Tj ET Q q 0 0 0 rg BT 491.11 405.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 536.94 405.60 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.52 393.60 Td (next ) Tj ET Q q 0 0 0 rg BT 82.54 393.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.33 393.60 Td (year ) Tj ET Q q 0 0 0 rg BT 138.34 393.60 Td (are ) Tj ET Q q 0 0 0 rg BT 152.35 393.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 192.47 393.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.05 393.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.07 393.60 Td (following ) Tj ET Q q 0 0 0 rg BT 256.76 393.60 Td (Notes: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 393.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 305.92 393.60 Td (5\(c\) ) Tj ET Q q 0 0 0 rg BT 323.82 393.60 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.96 393.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 353.96 393.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 380.76 393.60 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.90 393.60 Td (Legal ) Tj ET Q q 0 0 0 rg BT 410.48 393.60 Td (Finance ) Tj ET Q q 0 0 0 rg BT 445.05 393.60 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 497.10 393.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 517.79 393.60 Td (6 ) Tj ET Q q 0 0 0 rg BT 524.60 393.60 Td (- ) Tj ET Q q 0 0 0 rg BT 529.73 393.60 Td (Finance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 381.60 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 102.25 381.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 123.64 381.60 Td (9 ) Tj ET Q q 0 0 0 rg BT 131.14 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 381.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 170.02 381.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 182.52 381.60 Td (- ) Tj ET Q q 0 0 0 rg BT 188.35 381.60 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 237.51 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.79 381.60 Td (Intangibles ) Tj ET Q q 0 0 0 rg BT 295.29 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 312.79 381.60 Td (Goodwill, ) Tj ET Q q 0 0 0 rg BT 355.01 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 372.51 381.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 393.90 381.60 Td (15 ) Tj ET Q q 0 0 0 rg BT 406.40 381.60 Td (- ) Tj ET Q q 0 0 0 rg BT 412.23 381.60 Td (T) Tj ET Q q 0 0 0 rg BT 416.87 381.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.64 381.60 Td (.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I7 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 351.60 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 351.60 Td (NEW ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 75.24 351.60 Td (ACCOUNTING ST) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 157.82 351.60 Td (ANDARDS ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 327.60 Td (New ) Tj ET Q q 0 0 0 rg BT 70.88 327.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 120.05 327.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 164.79 327.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 201.74 327.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.58 327.60 Td (2019) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (IFRS 16 Leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 285.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.83 285.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 144.44 285.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 168.51 285.60 Td (16, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.97 285.60 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.19 285.60 Td (, ) Tj ET Q q 0 0 0 rg BT 216.64 285.60 Td (which ) Tj ET Q q 0 0 0 rg BT 244.03 285.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 280.84 285.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 299.90 285.60 Td (17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.35 285.60 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.58 285.60 Td (, ) Tj ET Q q 0 0 0 rg BT 348.03 285.60 Td (with ) Tj ET Q q 0 0 0 rg BT 368.76 285.60 Td (ef) Tj ET Q q 0 0 0 rg BT 376.34 285.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 394.28 285.60 Td (from ) Tj ET Q q 0 0 0 rg BT 416.67 285.60 Td (January ) Tj ET Q q 0 0 0 rg BT 450.72 285.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 461.17 285.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 486.62 285.60 Td (using ) Tj ET Q q 0 0 0 rg BT 511.24 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.41 285.60 Td (modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.60 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 104.53 273.60 Td (approach, ) Tj ET Q q 0 0 0 rg BT 147.07 273.60 Td (as ) Tj ET Q q 0 0 0 rg BT 158.79 273.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 200.51 273.60 Td (on ) Tj ET Q q 0 0 0 rg BT 213.90 273.60 Td (transition. ) Tj ET Q q 0 0 0 rg BT 256.82 273.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 306.15 273.60 Td (, ) Tj ET Q q 0 0 0 rg BT 312.04 273.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.65 273.60 Td (information ) Tj ET Q q 0 0 0 rg BT 378.26 273.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 419.97 273.60 Td (for ) Tj ET Q q 0 0 0 rg BT 435.02 273.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 458.41 273.60 Td (has ) Tj ET Q q 0 0 0 rg BT 475.13 273.60 Td (not ) Tj ET Q q 0 0 0 rg BT 491.31 273.60 Td (been ) Tj ET Q q 0 0 0 rg BT 513.58 273.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 548.06 273.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 83.95 261.60 Td (as ) Tj ET Q q 0 0 0 rg BT 95.08 261.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 140.09 261.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 176.20 261.60 Td (under ) Tj ET Q q 0 0 0 rg BT 201.76 261.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 220.67 261.60 Td (17 ) Tj ET Q q 0 0 0 rg BT 233.47 261.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.70 261.60 Td (related ) Tj ET Q q 0 0 0 rg BT 280.70 261.60 Td (interpretations. ) Tj ET Q q 0 0 0 rg BT 343.55 261.60 Td (The ) Tj ET Q q 0 0 0 rg BT 361.89 261.60 Td (Company) Tj ET Q q 0 0 0 rg BT 403.56 261.60 Td (s ) Tj ET Q q 0 0 0 rg BT 410.25 261.60 Td (new ) Tj ET Q q 0 0 0 rg BT 429.70 261.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 476.37 261.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 504.16 261.60 Td (is ) Tj ET Q q 0 0 0 rg BT 513.62 261.60 Td (described ) Tj ET Q q 0 0 0 rg BT 554.73 261.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.44 249.60 Td (7 ) Tj ET Q q 0 0 0 rg BT 78.94 249.60 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.77 249.60 Td (Right-T) Tj ET Q q 0 0 0 rg BT 114.41 249.60 Td (o-Use ) Tj ET Q q 0 0 0 rg BT 140.61 249.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 168.11 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.61 249.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 195.24 249.60 Td (emises ) Tj ET Q q 0 0 0 rg BT 224.40 249.60 Td (Leases ) Tj ET Q q 0 0 0 rg BT 254.12 249.60 Td (Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 249.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 72.94 225.60 Td (16) Tj ET Q q 0 0 0 rg BT 85.72 225.60 Td (s ) Tj ET Q q 0 0 0 rg BT 91.92 225.60 Td (approach ) Tj ET Q q 0 0 0 rg BT 130.88 225.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.97 225.60 Td (lessor ) Tj ET Q q 0 0 0 rg BT 166.62 225.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 212.81 225.60 Td (is ) Tj ET Q q 0 0 0 rg BT 221.79 225.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 274.66 225.60 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 320.29 225.60 Td (from ) Tj ET Q q 0 0 0 rg BT 342.04 225.60 Td (its ) Tj ET Q q 0 0 0 rg BT 353.80 225.60 Td (predecessor) Tj ET Q q 0 0 0 rg BT 400.45 225.60 Td (. ) Tj ET Q q 0 0 0 rg BT 405.26 225.60 Td ( ) Tj ET Q q 0 0 0 rg BT 407.58 225.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 225.60 Td (The ) Tj ET Q q 0 0 0 rg BT 427.58 225.60 Td (Company) Tj ET Q q 0 0 0 rg BT 465.82 225.60 Td (, ) Tj ET Q q 0 0 0 rg BT 470.64 225.60 Td (as ) Tj ET Q q 0 0 0 rg BT 481.28 225.60 Td (a ) Tj ET Q q 0 0 0 rg BT 488.03 225.60 Td (Lessor) Tj ET Q q 0 0 0 rg BT 514.29 225.60 Td (, ) Tj ET Q q 0 0 0 rg BT 519.11 225.60 Td (will ) Tj ET Q q 0 0 0 rg BT 536.98 225.60 Td (record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.60 Td (property ) Tj ET Q q 0 0 0 rg BT 85.79 213.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.42 213.60 Td (income ) Tj ET Q q 0 0 0 rg BT 132.26 213.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.11 213.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 183.73 213.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 227.24 213.60 Td (with ) Tj ET Q q 0 0 0 rg BT 247.43 213.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 278.17 213.60 Td (on ) Tj ET Q q 0 0 0 rg BT 290.58 213.60 Td (a ) Tj ET Q q 0 0 0 rg BT 297.43 213.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 320.96 213.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 343.37 213.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.56 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.19 213.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 421.14 213.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 465.76 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.51 213.60 Td (income. ) Tj ET Q q 0 0 0 rg BT 510.68 213.60 Td (The ) Tj ET Q q 0 0 0 rg BT 528.64 213.60 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.81 201.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 99.54 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.07 201.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 152.37 201.60 Td (are ) Tj ET Q q 0 0 0 rg BT 167.67 201.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 205.74 201.60 Td (in ) Tj ET Q q 0 0 0 rg BT 216.60 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.91 201.60 Td (same ) Tj ET Q q 0 0 0 rg BT 255.55 201.60 Td (period ) Tj ET Q q 0 0 0 rg BT 284.19 201.60 Td (as ) Tj ET Q q 0 0 0 rg BT 295.61 201.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 325.34 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.87 201.60 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 381.78 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.31 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.62 201.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 456.59 201.60 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 502.44 201.60 Td (a ) Tj ET Q q 0 0 0 rg BT 509.97 201.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.84 201.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.60 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 103.65 189.60 Td (property ) Tj ET Q q 0 0 0 rg BT 140.02 189.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.74 189.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 188.88 189.60 Td (as ) Tj ET Q q 0 0 0 rg BT 199.71 189.60 Td (contra-revenue ) Tj ET Q q 0 0 0 rg BT 262.18 189.60 Td (when ) Tj ET Q q 0 0 0 rg BT 286.34 189.60 Td (a ) Tj ET Q q 0 0 0 rg BT 293.27 189.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 311.34 189.60 Td (is ) Tj ET Q q 0 0 0 rg BT 320.51 189.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 357.99 189.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.93 189.60 Td (collectability ) Tj ET Q q 0 0 0 rg BT 429.63 189.60 Td (is ) Tj ET Q q 0 0 0 rg BT 438.80 189.60 Td (not ) Tj ET Q q 0 0 0 rg BT 454.08 189.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 499.90 189.60 Td (assured. ) Tj ET Q q 0 0 0 rg BT 534.89 189.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.60 Td (For ) Tj ET Q q 0 0 0 rg BT 66.12 165.60 Td (lessees, ) Tj ET Q q 0 0 0 rg BT 99.11 165.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 117.94 165.60 Td (17 ) Tj ET Q q 0 0 0 rg BT 130.67 165.60 Td (required ) Tj ET Q q 0 0 0 rg BT 166.71 165.60 Td (an ) Tj ET Q q 0 0 0 rg BT 178.87 165.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 204.37 165.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.87 165.60 Td (identify ) Tj ET Q q 0 0 0 rg BT 248.70 165.60 Td (素inance) Tj ET Q q 0 0 0 rg BT 284.04 165.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.76 165.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 315.86 165.60 Td (being ) Tj ET Q q 0 0 0 rg BT 340.80 165.60 Td (those ) Tj ET Q q 0 0 0 rg BT 364.63 165.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 391.23 165.60 Td (where ) Tj ET Q q 0 0 0 rg BT 418.39 165.60 Td (in ) Tj ET Q q 0 0 0 rg BT 428.89 165.60 Td (substance ) Tj ET Q q 0 0 0 rg BT 470.49 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.43 165.60 Td (lessee ) Tj ET Q q 0 0 0 rg BT 512.03 165.60 Td (has ) Tj ET Q q 0 0 0 rg BT 528.08 165.60 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.24 153.60 Td (all ) Tj ET Q q 0 0 0 rg BT 116.42 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.82 153.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 153.90 153.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.52 153.60 Td (rewards ) Tj ET Q q 0 0 0 rg BT 206.35 153.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 248.97 153.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.93 153.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 304.78 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.29 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.69 153.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 363.20 153.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 388.33 153.60 Td (For ) Tj ET Q q 0 0 0 rg BT 405.40 153.60 Td (a ) Tj ET Q q 0 0 0 rg BT 413.03 153.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 445.64 153.60 Td (lease, ) Tj ET Q q 0 0 0 rg BT 471.31 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.71 153.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 533.22 153.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 555.84 153.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.03 141.60 Td (on ) Tj ET Q q 0 0 0 rg BT 108.70 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.58 141.60 Td (statement ) Tj ET Q q 0 0 0 rg BT 164.57 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.57 141.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.22 141.60 Td (position ) Tj ET Q q 0 0 0 rg BT 248.12 141.60 Td (at ) Tj ET Q q 0 0 0 rg BT 258.00 141.60 Td (an ) Tj ET Q q 0 0 0 rg BT 270.11 141.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 302.77 141.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 327.10 141.60 Td (to ) Tj ET Q q 0 0 0 rg BT 337.54 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.43 141.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 368.97 141.60 Td (value ) Tj ET Q q 0 0 0 rg BT 393.30 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.29 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.18 141.60 Td (leased ) Tj ET Q q 0 0 0 rg BT 446.83 141.60 Td (asset, ) Tj ET Q q 0 0 0 rg BT 471.44 141.60 Td (or ) Tj ET Q q 0 0 0 rg BT 482.44 141.60 Td (if ) Tj ET Q q 0 0 0 rg BT 491.22 141.60 Td (lower) Tj ET Q q 0 0 0 rg BT 513.58 141.60 Td (, ) Tj ET Q q 0 0 0 rg BT 518.75 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.64 141.60 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.60 Td (value ) Tj ET Q q 0 0 0 rg BT 74.84 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 86.86 129.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 129.43 129.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 153.10 129.60 Td (payments. ) Tj ET Q q 0 0 0 rg BT 196.80 129.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 217.71 129.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 241.38 129.60 Td (not ) Tj ET Q q 0 0 0 rg BT 257.84 129.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 299.29 129.60 Td (as ) Tj ET Q q 0 0 0 rg BT 311.31 129.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 344.42 129.60 Td (in ) Tj ET Q q 0 0 0 rg BT 355.88 129.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 384.55 129.60 Td (is ) Tj ET Q q 0 0 0 rg BT 394.91 129.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 441.91 129.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.37 129.60 Td (be ) Tj ET Q q 0 0 0 rg BT 466.50 129.60 Td (an ) Tj ET Q q 0 0 0 rg BT 479.62 129.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 521.07 129.60 Td (lease. ) Tj ET Q q 0 0 0 rg BT 546.97 129.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.60 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 117.60 Td (s ) Tj ET Q q 0 0 0 rg BT 97.75 117.60 Td (only ) Tj ET Q q 0 0 0 rg BT 118.23 117.60 Td (material ) Tj ET Q q 0 0 0 rg BT 153.69 117.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 180.26 117.60 Td (are ) Tj ET Q q 0 0 0 rg BT 195.17 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 209.52 117.60 Td (its ) Tj ET Q q 0 0 0 rg BT 221.67 117.60 Td (premises ) Tj ET Q q 0 0 0 rg BT 259.92 117.60 Td (at ) Tj ET Q q 0 0 0 rg BT 269.83 117.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.74 117.60 Td (Pawnee, ) Tj ET Q q 0 0 0 rg BT 320.85 117.60 Td (T) Tj ET Q q 0 0 0 rg BT 326.26 117.60 Td (andem ) Tj ET Q q 0 0 0 rg BT 355.61 117.60 Td (and ) Tj ET Q q 0 0 0 rg BT 372.75 117.60 Td (Blue ) Tj ET Q q 0 0 0 rg BT 394.33 117.60 Td (Chip ) Tj ET Q q 0 0 0 rg BT 416.48 117.60 Td (locations, ) Tj ET Q q 0 0 0 rg BT 457.78 117.60 Td (which ) Tj ET Q q 0 0 0 rg BT 484.91 117.60 Td (were ) Tj ET Q q 0 0 0 rg BT 507.04 117.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 554.72 117.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.60 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 105.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.70 105.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.98 105.60 Td (nature. ) Tj ET Q q 0 0 0 rg BT 141.79 105.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 186.20 105.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 208.68 105.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 249.51 105.60 Td (were ) Tj ET Q q 0 0 0 rg BT 271.44 105.60 Td (expensed ) Tj ET Q q 0 0 0 rg BT 311.15 105.60 Td (as ) Tj ET Q q 0 0 0 rg BT 321.98 105.60 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 360.29 105.60 Td (straight-line, ) Tj ET Q q 0 0 0 rg BT 413.61 105.60 Td (over ) Tj ET Q q 0 0 0 rg BT 433.88 105.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.60 105.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 471.08 105.60 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 73.49 81.60 Td (16 ) Tj ET Q q 0 0 0 rg BT 86.36 81.60 Td (has ) Tj ET Q q 0 0 0 rg BT 102.55 81.60 Td (removed ) Tj ET Q q 0 0 0 rg BT 140.40 81.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.49 81.60 Td (distinction ) Tj ET Q q 0 0 0 rg BT 200.57 81.60 Td (between ) Tj ET Q q 0 0 0 rg BT 236.76 81.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 269.05 81.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.35 81.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 326.98 81.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 353.72 81.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.03 81.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 406.10 81.60 Td (lessees ) Tj ET Q q 0 0 0 rg BT 436.74 81.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.38 81.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 489.11 81.60 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 539.18 81.60 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.34 69.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 88.73 69.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.35 69.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.42 69.60 Td (all ) Tj ET Q q 0 0 0 rg BT 154.82 69.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 183.60 69.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 214.33 69.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.51 69.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 254.12 69.60 Td (optional ) Tj ET Q q 0 0 0 rg BT 289.30 69.60 Td (exceptions, ) Tj ET Q q 0 0 0 rg BT 336.97 69.60 Td (on ) Tj ET Q q 0 0 0 rg BT 349.37 69.60 Td (commencement ) Tj ET Q q 0 0 0 rg BT 415.08 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.82 69.60 Td (a ) Tj ET Q q 0 0 0 rg BT 432.66 69.60 Td (lease. ) Tj ET Q q 0 0 0 rg BT 457.55 69.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 484.95 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.57 69.60 Td (new ) Tj ET Q q 0 0 0 rg BT 518.63 69.60 Td (accounting ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (policy) Tj ET Q q 0 0 0 rg BT 73.85 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 79.60 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.07 713.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 123.31 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.89 713.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 174.24 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.70 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.73 713.10 Td (those ) Tj ET Q q 0 0 0 rg BT 240.09 713.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 267.22 713.10 Td (has ) Tj ET Q q 0 0 0 rg BT 283.81 713.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 320.38 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 343.07 713.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 394.64 713.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 435.66 713.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 458.90 713.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 494.36 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.39 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.08 713.10 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 701.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 78.46 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.63 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.34 701.10 Td (right-to-use ) Tj ET Q q 0 0 0 rg BT 156.50 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 182.33 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.27 701.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.20 701.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 265.91 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.41 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.12 701.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 315.61 701.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.82 677.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.47 677.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 140.55 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.10 677.10 Td (use ) Tj ET Q q 0 0 0 rg BT 167.20 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.19 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 223.85 677.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 272.72 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.49 677.10 Td (application ) Tj ET Q q 0 0 0 rg BT 332.69 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.79 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.78 677.10 Td (new ) Tj ET Q q 0 0 0 rg BT 378.21 677.10 Td (rules: ) Tj ET Q q 0 0 0 rg BT 403.19 677.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 425.95 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 464.81 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.24 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 506.45 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.44 677.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 544.19 677.10 Td (ends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.98 665.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 90.91 665.10 Td (months ) Tj ET Q q 0 0 0 rg BT 123.29 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.65 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.80 665.10 Td (date ) Tj ET Q q 0 0 0 rg BT 180.38 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.64 665.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 217.89 665.10 Td (application; ) Tj ET Q q 0 0 0 rg BT 268.03 665.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 290.94 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 329.96 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.55 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 371.91 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.06 665.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 433.31 665.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 455.68 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.27 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.53 665.10 Td (low ) Tj ET Q q 0 0 0 rg BT 494.46 665.10 Td (value; ) Tj ET Q q 0 0 0 rg BT 521.82 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.19 665.10 Td (short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.38 653.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 96.80 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 114.35 653.10 Td (have ) Tj ET Q q 0 0 0 rg BT 135.78 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.77 653.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 165.31 653.10 Td (term ) Tj ET Q q 0 0 0 rg BT 186.18 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.06 653.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 209.61 653.10 Td (months ) Tj ET Q q 0 0 0 rg BT 241.61 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.50 653.10 Td (less. ) Tj ET Q q 0 0 0 rg BT 272.55 653.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 302.31 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.19 653.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 342.94 653.10 Td (of) Tj ET Q q 0 0 0 rg BT 351.09 653.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 368.63 653.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 413.39 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 428.15 653.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 474.01 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.90 653.10 Td (low ) Tj ET Q q 0 0 0 rg BT 502.45 653.10 Td (value ) Tj ET Q q 0 0 0 rg BT 526.65 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.64 653.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (been ) Tj ET Q q 0 0 0 rg BT 70.36 641.10 Td (excluded. ) Tj ET Q q 0 0 0 rg BT 110.80 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.34 641.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 150.31 641.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 190.62 641.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 233.70 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.47 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 276.00 641.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 301.87 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.06 641.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 361.91 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.23 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 383.65 641.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.85 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 429.83 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.26 641.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 486.57 641.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 508.56 641.10 Td (over ) Tj ET Q q 0 0 0 rg BT 528.31 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 641.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.49 605.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 90.59 605.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 140.28 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.27 605.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.92 605.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.67 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.87 605.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 264.62 605.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 298.50 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.60 605.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 329.87 605.10 Td (million ) Tj ET Q q 0 0 0 rg BT 361.52 605.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 402.61 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.71 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.69 605.10 Td (future ) Tj ET Q q 0 0 0 rg BT 455.33 605.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 478.09 605.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 519.18 605.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.73 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.73 593.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 119.94 593.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.59 593.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 203.35 593.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 247.57 593.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 265.11 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 274.89 593.10 Td (January ) Tj ET Q q 0 0 0 rg BT 308.55 593.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 318.61 593.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 341.17 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.06 593.10 Td (4.5%. ) Tj ET Q q 0 0 0 rg BT 377.76 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 395.87 593.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.32 593.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 468.19 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.52 593.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 514.40 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 593.10 Td (right-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.33 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 91.16 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.88 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 112.82 581.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.31 581.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 169.47 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.74 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.46 581.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 216.95 581.10 Td (liability) Tj ET Q q 0 0 0 rg BT 247.41 581.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.22 581.10 Td (Therefore ) Tj ET Q q 0 0 0 rg BT 294.14 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.64 581.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 344.13 581.10 Td (there ) Tj ET Q q 0 0 0 rg BT 366.62 581.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.67 581.10 Td (no ) Tj ET Q q 0 0 0 rg BT 397.17 581.10 Td (net ) Tj ET Q q 0 0 0 rg BT 411.89 581.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 441.60 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.10 581.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 488.80 581.10 Td (earnings. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 543.6 m 561 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 415.6 m 561 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 400.6 m 561 400.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.70 548.27 Td (January 1, 2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 496.60 532.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 516.22 Td (Operating lease commitment as at December 31, 2018 as disclosed in Note 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 506.22 Td (in 2018 ) Tj ET Q q 0 0 0 rg BT 174.00 506.22 Td (Audited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 503.27 Td (4,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 487.22 Td (Operating lease renewal options reasonably certain to be exercised but not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 477.22 Td (included in operating lease commitments as at December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 475.27 Td (545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 460.72 Td (Service contracts that do not convey a right-to-use defined asset and low value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 450.72 Td (of) Tj ET Q q 0 0 0 rg BT 149.65 450.72 Td (fice equipment leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 455.77 Td (\(851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 455.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 435.27 Td (Discount, using the incremental borrowing rate as at January 1, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 435.32 Td (\(591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 435.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 420.27 Td (Foreign exchange translation \(average rate for 2018 vs January 1, 2019 rate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 420.27 Td (178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 405.27 Td (Lease liabilities recognized as at January 1, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 405.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 405.27 Td (3,837) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Ancillary ) Tj ET Q q 0 0 0 rg BT 89.96 377.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 122.07 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.20 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 162.44 377.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 177.34 377.10 Td (income ) Tj ET Q q 0 0 0 rg BT 209.46 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.60 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 249.83 377.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 288.62 377.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 329.07 377.10 Td (by ) Tj ET Q q 0 0 0 rg BT 341.76 377.10 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 361.95 377.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 396.04 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 407.06 377.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.95 377.10 Td (lessor ) Tj ET Q q 0 0 0 rg BT 462.98 377.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 488.17 377.10 Td (including ) Tj ET Q q 0 0 0 rg BT 528.63 377.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.89 365.10 Td (\(related ) Tj ET Q q 0 0 0 rg BT 106.27 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.90 365.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 161.96 365.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 188.68 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.52 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.58 365.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 255.52 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.14 365.10 Td (be ) Tj ET Q q 0 0 0 rg BT 278.43 365.10 Td (property ) Tj ET Q q 0 0 0 rg BT 315.15 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.77 365.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 355.82 365.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 376.45 365.10 Td (jurisdictions\) ) Tj ET Q q 0 0 0 rg BT 432.07 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.92 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 464.97 365.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 485.03 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.88 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.94 365.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 539.67 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (lessor ) Tj ET Q q 0 0 0 rg BT 76.29 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.96 353.10 Td (required ) Tj ET Q q 0 0 0 rg BT 128.74 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.98 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 152.89 353.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 194.67 353.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 219.24 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.48 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.16 353.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 279.06 353.10 Td (consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.07 353.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 378.74 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.53 353.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 425.93 353.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 449.40 353.10 Td (year ) Tj ET Q q 0 0 0 rg BT 470.07 353.10 Td (comparatives ) Tj ET Q q 0 0 0 rg BT 526.84 353.10 Td (were ) Tj ET Q q 0 0 0 rg BT 549.73 353.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (restated. ) Tj ET Q q 0 0 0 rg BT 86.07 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.84 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.36 341.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 148.67 341.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 192.72 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.36 341.10 Td (property ) Tj ET Q q 0 0 0 rg BT 244.22 341.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 267.75 341.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.06 341.10 Td (been ) Tj ET Q q 0 0 0 rg BT 305.92 341.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 354.43 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.19 341.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 399.82 341.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 447.77 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 470.19 341.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 495.94 341.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 524.53 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 543.06 341.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 329.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 110.58 329.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.41 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.69 329.10 Td (been ) Tj ET Q q 0 0 0 rg BT 163.06 329.10 Td (reclassified.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I8 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 305.10 Td (3. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 305.10 Td (FINANCIAL) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 103.20 305.10 Td ( INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 281.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.51 281.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 115.64 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.88 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.66 281.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 210.67 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 225.68 281.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 272.34 281.10 Td (when ) Tj ET Q q 0 0 0 rg BT 296.80 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.82 281.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.50 281.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 391.29 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.53 281.10 Td (party ) Tj ET Q q 0 0 0 rg BT 421.87 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.45 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.47 281.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 494.68 281.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 539.15 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 281.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (instrument. ) Tj ET Q q 0 0 0 rg BT 96.82 269.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 136.08 269.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 161.46 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.95 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.98 269.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 254.25 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.51 269.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 314.42 269.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 347.58 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 356.84 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.77 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 396.48 269.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 415.20 269.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 461.12 269.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 485.67 269.10 Td (except ) Tj ET Q q 0 0 0 rg BT 513.81 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.52 269.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.27 257.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 129.75 257.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 169.47 257.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 199.72 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 209.44 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 225.81 257.10 Td (value ) Tj ET Q q 0 0 0 rg BT 249.97 257.10 Td (through ) Tj ET Q q 0 0 0 rg BT 283.58 257.10 Td (net ) Tj ET Q q 0 0 0 rg BT 298.29 257.10 Td (income ) Tj ET Q q 0 0 0 rg BT 330.23 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.06 257.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 361.62 257.10 Td (which ) Tj ET Q q 0 0 0 rg BT 388.56 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.26 257.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 444.08 257.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 477.69 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.41 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 503.78 257.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.40 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.42 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.31 233.10 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 190.30 233.10 Td (when ) Tj ET Q q 0 0 0 rg BT 215.64 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.55 233.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 279.65 233.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.12 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.58 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.48 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.94 233.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 380.85 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 403.97 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.88 233.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 443.00 233.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 471.67 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.69 233.10 Td (when ) Tj ET Q q 0 0 0 rg BT 509.04 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.94 233.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 548.06 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 101.82 221.10 Td (all ) Tj ET Q q 0 0 0 rg BT 113.59 221.10 Td (related ) Tj ET Q q 0 0 0 rg BT 142.57 221.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 163.23 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.44 221.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 212.86 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 226.84 221.10 Td (transferred. ) Tj ET Q q 0 0 0 rg BT 274.03 221.10 Td (A) Tj ET Q q 0 0 0 rg BT 280.70 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.47 221.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.23 221.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 352.11 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.55 221.10 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 415.62 221.10 Td (when ) Tj ET Q q 0 0 0 rg BT 439.06 221.10 Td (it ) Tj ET Q q 0 0 0 rg BT 446.38 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.83 221.10 Td (extinguished, ) Tj ET Q q 0 0 0 rg BT 510.20 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.41 221.10 Td (occurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 209.10 Td (it ) Tj ET Q q 0 0 0 rg BT 81.72 209.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.89 209.10 Td (either ) Tj ET Q q 0 0 0 rg BT 116.15 209.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 144.85 209.10 Td (ged, ) Tj ET Q q 0 0 0 rg BT 164.29 209.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 201.76 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.59 209.10 Td (expires. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.00 185.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 161.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 115.04 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 129.75 161.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 178.33 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.49 161.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 239.43 161.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 295.24 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.07 161.10 Td (follows: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (Amortized ) Tj ET Q q 0 0 0 rg BT 93.11 137.10 Td (cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.34 125.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 115.30 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.93 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.77 125.10 Td (held ) Tj ET Q q 0 0 0 rg BT 167.62 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.02 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.09 125.10 Td (business ) Tj ET Q q 0 0 0 rg BT 221.62 125.10 Td (model ) Tj ET Q q 0 0 0 rg BT 249.24 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.65 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.50 125.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 323.78 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.74 125.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 376.80 125.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 423.85 125.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.25 125.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.10 125.10 Td (where ) Tj ET Q q 0 0 0 rg BT 496.16 125.10 Td (those ) Tj ET Q q 0 0 0 rg BT 519.90 125.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.30 125.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 87.80 113.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 113.33 113.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 153.31 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.29 113.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 200.48 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.57 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.65 113.10 Td (\("SPPI"\) ) Tj ET Q q 0 0 0 rg BT 284.14 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.00 113.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 337.97 113.10 Td (at ) Tj ET Q q 0 0 0 rg BT 346.83 113.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 388.46 113.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.22 113.10 Td (\("AC"\). ) Tj ET Q q 0 0 0 rg BT 438.97 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.17 113.10 Td (Company) Tj ET Q q 0 0 0 rg BT 497.83 113.10 Td (s ) Tj ET Q q 0 0 0 rg BT 503.38 113.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 525.29 113.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 76.01 101.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.02 101.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 135.69 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.26 101.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 173.42 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.65 101.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.66 101.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 255.42 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.41 101.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 309.52 101.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.53 101.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 360.30 101.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 380.69 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.48 101.10 Td (Broker ) Tj ET Q q 0 0 0 rg BT 412.04 101.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 466.06 101.10 Td (related ) Tj ET Q q 0 0 0 rg BT 495.05 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.62 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.62 101.10 Td (origination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 89.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 93.57 89.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 120.61 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.97 89.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 172.44 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.04 89.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.17 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.66 89.10 Td (an ) Tj ET Q q 0 0 0 rg BT 252.26 89.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 299.30 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.24 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 89.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 348.77 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.26 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.63 89.10 Td (net ) Tj ET Q q 0 0 0 rg BT 391.01 89.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 438.05 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.99 89.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 481.57 89.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 508.61 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.10 89.10 Td (part ) Tj ET Q q 0 0 0 rg BT 538.80 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 89.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 77.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.59 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.32 77.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 138.11 77.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 163.74 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.48 77.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 206.67 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.17 77.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 267.34 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.42 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.93 77.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 332.55 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.18 77.10 Td (income ) Tj ET Q q 0 0 0 rg BT 374.92 77.10 Td (when ) Tj ET Q q 0 0 0 rg BT 398.88 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.39 77.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 436.80 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.43 77.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 494.70 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.21 77.10 Td (derecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 65.10 Td (impaired.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.88 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.27 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 127.55 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 144.50 701.10 Td (value ) Tj ET Q q 0 0 0 rg BT 168.66 701.10 Td (thr) Tj ET Q q 0 0 0 rg BT 179.95 701.10 Td (ough ) Tj ET Q q 0 0 0 rg BT 202.45 701.10 Td (net ) Tj ET Q q 0 0 0 rg BT 217.17 701.10 Td (income ) Tj ET Q q 0 0 0 rg BT 248.55 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.94 701.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.98 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 114.58 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 131.84 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.31 689.10 Td (held ) Tj ET Q q 0 0 0 rg BT 165.80 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.72 689.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 210.32 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.02 689.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 269.27 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.87 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.34 689.10 Td (required ) Tj ET Q q 0 0 0 rg BT 344.92 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.97 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.67 689.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 407.26 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 416.74 689.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 432.88 689.10 Td (value ) Tj ET Q q 0 0 0 rg BT 456.81 689.10 Td (through ) Tj ET Q q 0 0 0 rg BT 490.18 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 504.67 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 536.37 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 546.96 689.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (\("FVTP"\). ) Tj ET Q q 0 0 0 rg BT 94.19 677.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 134.30 677.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 160.54 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.45 677.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 200.79 677.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.90 677.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 275.47 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 295.59 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 307.94 677.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 353.61 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.74 677.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 380.52 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 405.08 677.10 Td (through ) Tj ET Q q 0 0 0 rg BT 439.10 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 454.22 677.10 Td (income ) Tj ET Q q 0 0 0 rg BT 486.57 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.80 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 516.27 677.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 539.18 677.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 100.04 665.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 124.76 665.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 150.59 665.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 201.14 665.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 249.17 665.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 295.54 665.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 318.04 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.75 665.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 379.11 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.39 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 404.11 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 436.04 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.87 665.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 464.93 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 475.76 665.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 78.70 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.56 641.10 Td (this ) Tj ET Q q 0 0 0 rg BT 107.09 641.10 Td (category ) Tj ET Q q 0 0 0 rg BT 144.60 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.89 641.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 215.19 641.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 256.59 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 266.89 641.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.85 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 308.59 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.45 641.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 353.64 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.05 641.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 392.03 641.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 438.98 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.84 641.10 Td (net ) Tj ET Q q 0 0 0 rg BT 465.14 641.10 Td (income ) Tj ET Q q 0 0 0 rg BT 497.65 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.07 641.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 529.99 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 548.62 641.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (values ) Tj ET Q q 0 0 0 rg BT 77.32 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.92 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 130.18 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.43 629.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 216.37 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 230.85 629.10 Td (based ) Tj ET Q q 0 0 0 rg BT 255.89 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.16 629.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 302.64 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.69 629.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 358.28 629.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 384.43 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.48 629.10 Td (active ) Tj ET Q q 0 0 0 rg BT 420.63 629.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 454.56 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.16 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.43 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.14 629.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 523.63 629.10 Td (technique ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (where ) Tj ET Q q 0 0 0 rg BT 76.43 617.10 Td (no ) Tj ET Q q 0 0 0 rg BT 88.93 617.10 Td (market ) Tj ET Q q 0 0 0 rg BT 119.19 617.10 Td (exists.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.25 593.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.04 593.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 160.12 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.11 593.10 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 203.40 593.10 Td (common ) Tj ET Q q 0 0 0 rg BT 240.60 593.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 267.80 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.44 593.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 306.08 593.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 337.71 593.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 384.88 593.10 Td (\(included ) Tj ET Q q 0 0 0 rg BT 424.85 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.83 593.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 459.81 593.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 485.34 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.55 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.97 593.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.52 581.10 Td (position\) ) Tj ET Q q 0 0 0 rg BT 180.58 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.75 581.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 230.01 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.29 581.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.24 581.10 Td (category) Tj ET Q q 0 0 0 rg BT 291.01 581.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 69.78 557.10 Td (value ) Tj ET Q q 0 0 0 rg BT 93.93 557.10 Td (thr) Tj ET Q q 0 0 0 rg BT 105.23 557.10 Td (ough ) Tj ET Q q 0 0 0 rg BT 127.73 557.10 Td (other ) Tj ET Q q 0 0 0 rg BT 151.34 557.10 Td (compr) Tj ET Q q 0 0 0 rg BT 176.52 557.10 Td (ehensive ) Tj ET Q q 0 0 0 rg BT 213.45 557.10 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 545.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 115.03 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.52 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.22 545.10 Td (held ) Tj ET Q q 0 0 0 rg BT 166.93 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.20 545.10 Td (both ) Tj ET Q q 0 0 0 rg BT 197.48 545.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 226.62 545.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 273.53 545.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.80 545.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 318.51 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.45 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.60 545.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 367.64 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.34 545.10 Td (required ) Tj ET Q q 0 0 0 rg BT 418.15 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.42 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 440.36 545.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 481.17 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 490.88 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 507.25 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 531.40 545.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 71.65 533.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 133.79 533.10 Td (income ) Tj ET Q q 0 0 0 rg BT 164.83 533.10 Td (\(") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.24 533.10 Td (FVOCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.25 533.10 Td ("\). ) Tj ET Q q 0 0 0 rg BT 213.76 533.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 238.14 533.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.72 533.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 302.16 533.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 339.31 533.10 Td (they ) Tj ET Q q 0 0 0 rg BT 358.13 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 371.95 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.33 533.10 Td (held ) Tj ET Q q 0 0 0 rg BT 405.15 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.42 533.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 448.35 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.39 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.88 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 499.26 533.10 Td (been ) Tj ET Q q 0 0 0 rg BT 519.74 533.10 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.20 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 71.78 521.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.02 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 114.04 521.10 Td (through ) Tj ET Q q 0 0 0 rg BT 148.52 521.10 Td (net ) Tj ET Q q 0 0 0 rg BT 164.10 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 196.90 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.59 521.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 230.02 521.10 Td (can ) Tj ET Q q 0 0 0 rg BT 247.26 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.07 521.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 306.20 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.89 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.48 521.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.72 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 370.74 521.10 Td (through ) Tj ET Q q 0 0 0 rg BT 405.21 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 429.13 521.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 493.02 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 525.82 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.19 521.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (recognition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 74.60 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.80 485.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 116.46 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.44 485.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 176.07 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.61 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 207.93 485.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 270.23 485.10 Td (income ) Tj ET Q q 0 0 0 rg BT 301.43 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.63 485.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 357.72 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.26 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.25 485.10 Td (available ) Tj ET Q q 0 0 0 rg BT 419.10 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.53 485.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 449.85 485.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 480.48 485.10 Td (within ) Tj ET Q q 0 0 0 rg BT 507.81 485.10 Td (equity) Tj ET Q q 0 0 0 rg BT 532.15 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 536.42 485.10 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.29 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.63 473.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 116.40 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.31 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 150.09 473.10 Td (based ) Tj ET Q q 0 0 0 rg BT 174.99 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.12 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.46 473.10 Td (ef) Tj ET Q q 0 0 0 rg BT 209.05 473.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 238.38 473.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.94 473.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 304.56 473.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.79 473.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 378.81 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.38 473.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 426.38 473.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.26 473.10 Td (dif) Tj ET Q q 0 0 0 rg BT 477.19 473.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 512.62 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.75 473.10 Td (monetary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.98 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.06 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.91 461.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 166.42 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.84 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 191.71 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 223.79 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.76 461.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 255.47 461.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 295.33 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 321.30 461.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 362.26 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 372.12 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 388.65 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 412.95 461.10 Td (through ) Tj ET Q q 0 0 0 rg BT 446.70 461.10 Td (other ) Tj ET Q q 0 0 0 rg BT 469.89 461.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 533.07 461.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.45 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 90.17 449.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.34 449.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.28 449.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 159.22 449.10 Td (be ) Tj ET Q q 0 0 0 rg BT 170.94 449.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 211.55 449.10 Td (reliably) Tj ET Q q 0 0 0 rg BT 241.44 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 246.23 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.72 449.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 301.33 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 310.83 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 329.22 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.95 449.10 Td (any ) Tj ET Q q 0 0 0 rg BT 362.67 449.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 411.06 449.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 437.24 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.73 449.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 497.88 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.95 449.10 Td (net ) Tj ET Q q 0 0 0 rg BT 522.45 449.10 Td (income ) Tj ET Q q 0 0 0 rg BT 554.17 449.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 70.25 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.93 437.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 97.84 437.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 123.86 437.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 174.58 437.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 222.81 437.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 269.36 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 292.05 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.94 437.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 353.49 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.95 437.10 Td (net ) Tj ET Q q 0 0 0 rg BT 378.86 437.10 Td (income ) Tj ET Q q 0 0 0 rg BT 410.97 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.99 437.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 440.24 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.25 437.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 489.75 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.25 437.10 Td (When ) Tj ET Q q 0 0 0 rg BT 518.81 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.71 437.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 555.83 437.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 86.73 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.29 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.84 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.74 425.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 163.95 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.96 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 185.62 425.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 225.89 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.34 425.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 287.00 425.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 306.44 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.00 425.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 334.79 425.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 380.88 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.88 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 413.66 425.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 476.42 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 508.08 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 516.98 425.10 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 413.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 98.93 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.21 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 123.93 413.10 Td (income ) Tj ET Q q 0 0 0 rg BT 155.86 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.69 413.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 184.75 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.69 413.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 242.51 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.34 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.28 413.10 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 323.30 413.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 369.69 413.10 Td (within ) Tj ET Q q 0 0 0 rg BT 397.74 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 420.79 413.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 483.82 413.10 Td (income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.00 389.10 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 365.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.93 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 143.64 365.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 192.21 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.04 365.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 235.54 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.71 365.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 296.64 365.10 Td (measurement:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Amortized ) Tj ET Q q 0 0 0 rg BT 93.11 341.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.93 329.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 130.37 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.58 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.01 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 180.01 329.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 222.11 329.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 263.64 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.19 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.63 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 302.73 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.60 329.10 Td (through ) Tj ET Q q 0 0 0 rg BT 361.93 329.10 Td (net ) Tj ET Q q 0 0 0 rg BT 377.37 329.10 Td (income ) Tj ET Q q 0 0 0 rg BT 410.02 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.57 329.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 440.35 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.90 329.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 497.89 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 508.33 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 525.42 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 550.30 329.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 90.36 317.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.12 317.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 142.64 317.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 161.29 317.10 Td (using ) Tj ET Q q 0 0 0 rg BT 185.51 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.27 317.10 Td (ef) Tj ET Q q 0 0 0 rg BT 207.85 317.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 237.60 317.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.58 317.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 287.10 317.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 321.58 317.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 341.34 317.10 Td (host ) Tj ET Q q 0 0 0 rg BT 360.56 317.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 395.30 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.62 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.61 317.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 441.26 317.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 486.57 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.79 317.10 Td (also ) Tj ET Q q 0 0 0 rg BT 514.44 317.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 555.30 317.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 92.51 305.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 114.16 305.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 140.52 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.99 305.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 184.92 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.16 305.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 247.05 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.87 305.10 Td (net ) Tj ET Q q 0 0 0 rg BT 273.12 305.10 Td (income ) Tj ET Q q 0 0 0 rg BT 305.58 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.95 305.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 335.54 305.10 Td (when ) Tj ET Q q 0 0 0 rg BT 360.24 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.49 305.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 415.74 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.98 305.10 Td (derecognized. ) Tj ET Q q 0 0 0 rg BT 489.81 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.63 305.10 Td (T) Tj ET Q q 0 0 0 rg BT 498.38 305.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 542.51 305.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 84.59 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.14 293.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 139.78 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.33 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.32 293.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 208.97 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.07 293.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 241.95 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.16 293.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 305.48 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.46 293.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 364.54 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.75 293.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.49 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.60 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.81 293.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 473.34 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.44 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.43 293.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 532.52 293.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 281.10 Td (related ) Tj ET Q q 0 0 0 rg BT 104.75 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.23 281.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 181.95 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.88 281.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 241.37 281.10 Td (using ) Tj ET Q q 0 0 0 rg BT 265.54 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.25 281.10 Td (ef) Tj ET Q q 0 0 0 rg BT 287.84 281.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 317.54 281.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.48 281.10 Td (method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.59 257.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.26 257.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.69 257.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.22 257.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 188.98 257.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 228.84 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.60 257.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 279.12 257.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 296.78 257.10 Td (include ) Tj ET Q q 0 0 0 rg BT 327.76 257.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 377.35 257.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 413.88 257.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 449.02 257.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.11 257.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 509.87 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.85 257.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.66 245.10 Td (deposits.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.88 221.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 131.16 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 141.44 221.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.39 221.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.54 221.10 Td (thr) Tj ET Q q 0 0 0 rg BT 193.84 221.10 Td (ough ) Tj ET Q q 0 0 0 rg BT 216.34 221.10 Td (net ) Tj ET Q q 0 0 0 rg BT 231.06 221.10 Td (income ) Tj ET Q q 0 0 0 rg BT 262.43 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.83 221.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.90 209.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.30 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 145.48 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.88 209.10 Td (held ) Tj ET Q q 0 0 0 rg BT 179.28 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.13 209.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 223.64 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.26 209.10 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 288.54 209.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 330.71 209.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 370.11 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 384.51 209.10 Td (required ) Tj ET Q q 0 0 0 rg BT 420.01 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.97 209.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.60 209.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 482.10 209.10 Td (at ) Tj ET Q q 0 0 0 rg BT 491.50 209.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 507.57 209.10 Td (value ) Tj ET Q q 0 0 0 rg BT 531.41 209.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (net ) Tj ET Q q 0 0 0 rg BT 63.66 197.10 Td (income ) Tj ET Q q 0 0 0 rg BT 95.03 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.30 197.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 122.80 197.10 Td (\("FVTP"\). ) Tj ET Q q 0 0 0 rg BT 166.37 197.10 Td (When ) Tj ET Q q 0 0 0 rg BT 192.19 197.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 221.33 197.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 264.93 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.08 197.10 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 316.84 197.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 359.87 197.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 405.68 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 419.83 197.10 Td (required ) Tj ET Q q 0 0 0 rg BT 455.08 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.80 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.18 197.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 518.65 197.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 185.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 107.25 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.97 185.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 133.35 185.10 Td (value ) Tj ET Q q 0 0 0 rg BT 157.50 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.78 185.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 224.72 185.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 259.43 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.71 185.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 286.08 185.10 Td (value ) Tj ET Q q 0 0 0 rg BT 310.24 185.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 356.60 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.88 185.10 Td (net ) Tj ET Q q 0 0 0 rg BT 381.59 185.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.53 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.36 185.10 Td (loss. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.65 161.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 107.22 161.10 Td (can ) Tj ET Q q 0 0 0 rg BT 123.58 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 135.49 161.10 Td (made ) Tj ET Q q 0 0 0 rg BT 159.62 161.10 Td (at ) Tj ET Q q 0 0 0 rg BT 169.31 161.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 195.12 161.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 243.14 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.27 161.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.73 161.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 334.42 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.89 161.10 Td (include ) Tj ET Q q 0 0 0 rg BT 383.80 161.10 Td (one ) Tj ET Q q 0 0 0 rg BT 400.72 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.52 161.10 Td (more ) Tj ET Q q 0 0 0 rg BT 434.54 161.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 478.11 161.10 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 526.96 161.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.33 149.10 Td (host ) Tj ET Q q 0 0 0 rg BT 83.62 149.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 118.44 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.73 149.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.12 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.18 149.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.78 149.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 212.33 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.73 149.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 258.66 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.49 149.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 298.88 149.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 327.60 149.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 372.99 149.10 Td (at ) Tj ET Q q 0 0 0 rg BT 382.83 149.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 399.32 149.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 425.90 149.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 455.17 149.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.98 149.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 515.91 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 530.74 149.10 Td (met, ) Tj ET Q q 0 0 0 rg BT 550.85 149.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (example ) Tj ET Q q 0 0 0 rg BT 85.83 137.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 141.59 137.10 Td (at ) Tj ET Q q 0 0 0 rg BT 151.26 137.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 193.69 137.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.26 137.10 Td (would ) Tj ET Q q 0 0 0 rg BT 239.71 137.10 Td (create ) Tj ET Q q 0 0 0 rg BT 266.03 137.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 321.79 137.10 Td (inconsistencies, ) Tj ET Q q 0 0 0 rg BT 387.29 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.96 137.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.39 137.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 472.95 137.10 Td (can ) Tj ET Q q 0 0 0 rg BT 489.28 137.10 Td (also ) Tj ET Q q 0 0 0 rg BT 507.84 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 519.74 137.10 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.13 125.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 75.43 125.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 102.00 125.10 Td (For ) Tj ET Q q 0 0 0 rg BT 118.31 125.10 Td (such ) Tj ET Q q 0 0 0 rg BT 139.06 125.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 184.24 125.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.63 125.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 263.77 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.40 125.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 310.81 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.56 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.19 125.10 Td (change ) Tj ET Q q 0 0 0 rg BT 366.93 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.12 125.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 393.42 125.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.49 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 434.90 125.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 463.41 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.61 125.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 508.23 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.43 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 125.10 Td (entity) Tj ET Q q 0 0 0 rg BT 558.61 125.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (own ) Tj ET Q q 0 0 0 rg BT 69.19 113.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 94.42 113.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 111.88 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 121.01 113.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 167.34 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.58 113.10 Td (other ) Tj ET Q q 0 0 0 rg BT 200.60 113.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 263.59 113.10 Td (income ) Tj ET Q q 0 0 0 rg BT 295.49 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.40 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.08 113.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 370.08 113.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 402.54 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.34 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.02 113.10 Td (change ) Tj ET Q q 0 0 0 rg BT 458.80 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.04 113.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.39 113.10 Td (value ) Tj ET Q q 0 0 0 rg BT 509.51 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.64 113.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.44 101.10 Td (net ) Tj ET Q q 0 0 0 rg BT 73.81 101.10 Td (income ) Tj ET Q q 0 0 0 rg BT 105.40 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.89 101.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 136.11 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.79 101.10 Td (All ) Tj ET Q q 0 0 0 rg BT 152.72 101.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 197.09 101.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 253.12 101.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 286.37 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.20 101.10 Td (also ) Tj ET Q q 0 0 0 rg BT 313.47 101.10 Td (included ) Tj ET Q q 0 0 0 rg BT 350.06 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.99 101.10 Td (this ) Tj ET Q q 0 0 0 rg BT 376.60 101.10 Td (category) Tj ET Q q 0 0 0 rg BT 410.37 101.10 Td (. ) Tj ET Q q 0 0 0 rg BT 415.03 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.19 101.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 461.55 101.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.68 101.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 547.51 101.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 89.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 109.47 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.30 89.10 Td (ef) Tj ET Q q 0 0 0 rg BT 127.89 89.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 157.59 89.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 183.97 89.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 233.13 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.84 89.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 286.43 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 308.37 89.10 Td (this ) Tj ET Q q 0 0 0 rg BT 325.32 89.10 Td (category) Tj ET Q q 0 0 0 rg BT 359.09 89.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 65.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.39 65.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.97 65.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.08 65.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.75 65.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 188.98 65.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 227.76 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.65 65.10 Td (required ) Tj ET Q q 0 0 0 rg BT 278.65 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.11 65.10 Td (be ) Tj ET Q q 0 0 0 rg BT 301.23 65.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 342.23 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 352.13 65.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 368.68 65.10 Td (value ) Tj ET Q q 0 0 0 rg BT 393.02 65.10 Td (through ) Tj ET Q q 0 0 0 rg BT 426.81 65.10 Td (net ) Tj ET Q q 0 0 0 rg BT 441.71 65.10 Td (income ) Tj ET Q q 0 0 0 rg BT 473.83 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.84 65.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 505.39 65.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 65.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.33 53.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.61 53.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 125.87 53.10 Td (any ) Tj ET Q q 0 0 0 rg BT 142.81 53.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.29 53.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 229.46 53.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.29 53.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 270.55 53.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.71 53.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 331.09 53.10 Td (purposes.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I9 Do Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.89 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 82.62 701.10 Td (values ) Tj ET Q q 0 0 0 rg BT 110.01 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.18 701.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.01 701.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 196.07 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.13 701.10 Td (based ) Tj ET Q q 0 0 0 rg BT 234.74 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.58 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 280.64 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.26 701.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 335.42 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.15 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.77 701.10 Td (active ) Tj ET Q q 0 0 0 rg BT 396.49 701.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 429.99 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.16 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 452.01 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.29 701.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 497.35 701.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 538.07 701.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (no ) Tj ET Q q 0 0 0 rg BT 61.96 689.10 Td (market ) Tj ET Q q 0 0 0 rg BT 92.19 689.10 Td (exists. ) Tj ET Q q 0 0 0 rg BT 119.94 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.22 689.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.98 689.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 171.54 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.00 689.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 242.01 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.93 689.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 303.27 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.07 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.51 689.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 391.19 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.88 689.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 417.22 689.10 Td (value ) Tj ET Q q 0 0 0 rg BT 441.34 689.10 Td (through ) Tj ET Q q 0 0 0 rg BT 474.91 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 489.59 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 521.49 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.29 689.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 550.31 689.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.14 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 120.86 677.10 Td (income ) Tj ET Q q 0 0 0 rg BT 152.79 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.62 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.68 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.51 677.10 Td (incurred.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (\(a\) Categories and measur) Tj ET Q q 0 0 0 rg BT 161.62 653.10 Td (ement hierar) Tj ET Q q 0 0 0 rg BT 212.63 653.10 Td (chy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 629.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 110.58 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.86 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.80 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.51 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.99 629.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 249.16 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 263.87 629.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 302.45 629.10 Td (are: ) Tj ET Q q 0 0 0 rg BT 319.94 629.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 595.27 Td (Financial instrument) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 502.5 593.9333984375 m 557.490234375 593.9333984375 l s q 0 0 0 rg BT 502.50 595.27 Td (Classification) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.50 569.33 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 556.17 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 556.17 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 542.17 Td (Restricted funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 542.17 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 528.17 Td (Other assets - loan receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 528.17 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 514.17 Td (Other assets - investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.40 514.17 Td (FVTP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 499.27 Td (Other assets - legal finance receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.40 499.27 Td (FVTP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 484.27 Td (Finance receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 484.27 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 262.00 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 264.50 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 267.00 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 269.50 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 272.00 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 274.50 470.17 Td ( ) Tj ET Q q 0 0 0 rg BT 277.00 470.17 Td (Interest ) Tj ET Q q 0 0 0 rg BT 309.49 470.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 326.97 470.17 Td (derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.40 470.17 Td (FVTP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.50 445.33 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 431.27 Td ( ) Tj ET Q q 0 0 0 rg BT 279.22 431.27 Td (Accounts payable and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 431.27 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.50 417.17 Td (Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 417.17 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 403.17 Td ( Customer security deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.10 403.17 Td (Amortized cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.50 389.17 Td ( Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.40 389.17 Td (FVTP) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (All ) Tj ET Q q 0 0 0 rg BT 64.94 349.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.58 349.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 151.91 349.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 192.88 349.10 Td (at ) Tj ET Q q 0 0 0 rg BT 202.76 349.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 219.30 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 243.62 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.72 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.04 349.10 Td (which ) Tj ET Q q 0 0 0 rg BT 302.14 349.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 318.67 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 342.99 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 352.32 349.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 392.20 349.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.07 349.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 455.81 349.10 Td (into ) Tj ET Q q 0 0 0 rg BT 474.03 349.10 Td (one ) Tj ET Q q 0 0 0 rg BT 491.13 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.12 349.10 Td (three ) Tj ET Q q 0 0 0 rg BT 524.76 349.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 77.83 337.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 100.31 337.10 Td (level ) Tj ET Q q 0 0 0 rg BT 122.24 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.41 337.10 Td (based ) Tj ET Q q 0 0 0 rg BT 156.68 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.18 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.90 337.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 237.48 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.31 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.03 337.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 289.98 337.10 Td (used ) Tj ET Q q 0 0 0 rg BT 310.81 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.09 337.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 356.90 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.62 337.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 388.00 337.10 Td (values ) Tj ET Q q 0 0 0 rg BT 416.04 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.87 337.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.70 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.64 337.10 Td (liabilities: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 325.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 121.50 325.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 146.72 325.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 154.17 325.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 181.62 325.10 Td (- ) Tj ET Q q 0 0 0 rg BT 187.40 325.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 217.07 325.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 243.40 325.10 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 295.84 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.07 325.10 Td (active ) Tj ET Q q 0 0 0 rg BT 332.40 325.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 366.50 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 380.62 325.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 417.50 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 443.28 325.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.06 325.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 493.73 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.18 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 325.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 313.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 146.77 313.10 Td (has ) Tj ET Q q 0 0 0 rg BT 162.60 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.32 313.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 205.37 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.65 313.10 Td (access ) Tj ET Q q 0 0 0 rg BT 243.69 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 253.40 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.12 313.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 323.93 313.10 Td (date; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 301.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 121.50 301.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 147.51 301.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 155.76 301.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 184.00 301.10 Td (- ) Tj ET Q q 0 0 0 rg BT 190.58 301.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 218.28 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 242.07 301.10 Td (than ) Tj ET Q q 0 0 0 rg BT 262.54 301.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 293.00 301.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 320.12 301.10 Td (included ) Tj ET Q q 0 0 0 rg BT 357.80 301.10 Td (within ) Tj ET Q q 0 0 0 rg BT 386.61 301.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 412.62 301.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 420.87 301.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.11 301.10 Td (are ) Tj ET Q q 0 0 0 rg BT 454.56 301.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 501.12 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.03 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.50 301.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 554.18 301.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 289.10 Td (liability) Tj ET Q q 0 0 0 rg BT 151.96 289.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.96 289.10 Td (either ) Tj ET Q q 0 0 0 rg BT 182.22 289.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 215.26 289.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 235.81 289.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.64 289.10 Td (prices\) ) Tj ET Q q 0 0 0 rg BT 276.35 289.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.18 289.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 328.00 289.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 348.55 289.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 381.03 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 402.97 289.10 Td (prices\); ) Tj ET Q q 0 0 0 rg BT 435.46 289.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 277.10 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.50 277.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 277.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 146.94 277.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 154.61 277.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 182.28 277.10 Td (- ) Tj ET Q q 0 0 0 rg BT 188.29 277.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 233.72 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 260.84 277.10 Td (use ) Tj ET Q q 0 0 0 rg BT 276.84 277.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 303.96 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 331.07 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 352.62 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.73 277.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 404.62 277.10 Td (ef) Tj ET Q q 0 0 0 rg BT 412.21 277.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.87 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.54 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.43 277.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 495.08 277.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 511.63 277.10 Td (value ) Tj ET Q q 0 0 0 rg BT 535.96 277.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 277.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 265.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 143.44 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.27 265.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 187.88 265.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.37 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.08 265.10 Td (not ) Tj ET Q q 0 0 0 rg BT 235.36 265.10 Td (based ) Tj ET Q q 0 0 0 rg BT 260.63 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.13 265.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 318.94 265.10 Td (market ) Tj ET Q q 0 0 0 rg BT 349.21 265.10 Td (data ) Tj ET Q q 0 0 0 rg BT 368.36 265.10 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 427.51 265.10 Td (inputs\). ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I10 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.92 701.10 Td (values ) Tj ET Q q 0 0 0 rg BT 111.97 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.80 701.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.28 701.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 209.45 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.15 701.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 264.42 701.10 Td (using ) Tj ET Q q 0 0 0 rg BT 288.59 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.30 701.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 326.93 701.10 Td (13, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 341.93 701.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 362.21 701.10 Td (V) Tj ET Q q 0 0 0 rg BT 367.21 701.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 386.92 701.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 417.10 701.10 Td (ement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.48 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.98 701.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 486.23 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.06 701.10 Td (follows: ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 476.85 679.7125976562501 m 557.475 679.7125976562501 l s q 0 0 0 rg BT 476.85 681.28 Td (December) Tj ET Q q 0 0 0 rg BT 519.98 681.28 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 338.35 664.9333984375 m 368.613671875 664.9333984375 l s q 0 0 0 rg BT 338.35 666.27 Td (Level 1) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 391.35 664.9333984375 m 421.613671875 664.9333984375 l s q 0 0 0 rg BT 391.35 666.27 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 448.35 664.9333984375 m 478.613671875 664.9333984375 l s q 0 0 0 rg BT 448.35 666.27 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 495.15 664.9333984375 m 555.784765625 664.9333984375 l s q 0 0 0 rg BT 495.15 666.27 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 533.02 666.27 Td (V) Tj ET Q q 0 0 0 rg BT 539.13 666.27 Td (alue) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.50 652.28 Td (ASSETS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.70 651.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 638.17 Td (Cash ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 146.00 638.17 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.60 638.17 Td (1) Tj ET Q q 0 0 0 rg BT 350.60 638.17 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 638.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 638.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 638.17 Td (1) Tj ET Q q 0 0 0 rg BT 534.65 638.17 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 624.17 Td (Restricted funds ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.26 624.17 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.60 624.17 Td (21,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 624.17 Td (21,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 610.17 Td (Other assets - loan receivable - Note 5\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 610.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 610.17 Td (2,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 610.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 610.17 Td (2,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 596.17 Td (Other assets - investments - Note 5\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 596.17 Td (483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 596.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 596.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 596.17 Td (483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 582.17 Td (Other assets - legal finance receiv) Tj ET Q q 0 0 0 rg BT 258.06 582.17 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.56 582.17 Td (\(v\) Note 5\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 582.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 582.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 582.17 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 582.17 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 568.17 Td ( Finance receivables ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 204.63 568.17 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 568.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 568.17 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 568.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 568.17 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 553.27 Td ( Interest rate derivatives ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 219.34 553.27 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 553.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 553.27 Td (60) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.50 521.28 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 499.27 Td ( ) Tj ET Q q 0 0 0 rg BT 122.45 499.27 Td (Accounts payable and other liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 273.51 499.27 Td ( \(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 499.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 499.32 Td (\(16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 499.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 499.32 Td (\(16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 485.17 Td (Borrowings ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.22 485.17 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 485.22 Td (\(714,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 485.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 485.22 Td (\(714,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 485.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 471.17 Td ( Customer security deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 471.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 471.22 Td (\(12,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 471.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 471.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 471.22 Td (\(12,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 471.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 456.27 Td ( Interest rate derivatives ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 219.34 456.27 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 456.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 456.32 Td (\(293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 456.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 456.32 Td (\(293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 478.9 418.8333984375 m 557.483984375 418.8333984375 l s q 0 0 0 rg BT 478.90 420.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 338.35 403.93339843750005 m 368.613671875 403.93339843750005 l s q 0 0 0 rg BT 338.35 405.27 Td (Level 1) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 391.35 403.93339843750005 m 421.613671875 403.93339843750005 l s q 0 0 0 rg BT 391.35 405.27 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 448.35 403.93339843750005 m 478.613671875 403.93339843750005 l s q 0 0 0 rg BT 448.35 405.27 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 495.15 403.93339843750005 m 555.784765625 403.93339843750005 l s q 0 0 0 rg BT 495.15 405.27 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 533.02 405.27 Td (V) Tj ET Q q 0 0 0 rg BT 539.13 405.27 Td (alue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.70 392.55 Td (\($ thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.50 379.33 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 366.17 Td (Cash ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 146.00 366.17 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 366.17 Td (2,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 366.17 Td (2,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 352.17 Td (Restricted funds ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.26 352.17 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.60 352.17 Td (13,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 352.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 352.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 352.17 Td (13,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 338.17 Td (Other assets - loan receivable - Note 5\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 338.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 338.17 Td (4,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 338.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 338.17 Td (4,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 324.17 Td (Other assets - investments - Note 5\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 324.17 Td (453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 324.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 324.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 324.17 Td (453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 309.27 Td (Other assets - legal finance receiv) Tj ET Q q 0 0 0 rg BT 258.06 309.27 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.56 309.27 Td (\(v\) Note 5\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 309.27 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 309.27 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 294.27 Td ( Finance receivables ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 204.63 294.27 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 294.27 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 294.27 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 110.50 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 113.00 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 115.50 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 118.00 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 120.50 280.17 Td ( ) Tj ET Q q 0 0 0 rg BT 123.00 280.17 Td (Interest ) Tj ET Q q 0 0 0 rg BT 155.49 280.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 172.97 280.17 Td (derivatives ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 219.34 280.17 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 280.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 280.17 Td (896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 280.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 280.17 Td (896) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.50 255.33 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 241.27 Td ( ) Tj ET Q q 0 0 0 rg BT 124.95 241.27 Td (Accounts payable and other liabilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 278.51 241.27 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 241.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 241.32 Td (\(15,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 241.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 241.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 241.32 Td (\(15,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 241.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 227.17 Td (Borrowings ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.22 227.17 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 227.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 227.22 Td (\(601,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 227.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 227.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 227.22 Td (\(601,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 227.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 213.17 Td ( Customer security deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 213.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 213.22 Td (\(16,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 213.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 213.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 213.22 Td (\(16,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 213.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 185.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 67.50 185.10 Td (There ) Tj ET Q q 0 0 0 rg BT 93.12 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 102.10 185.10 Td (no ) Tj ET Q q 0 0 0 rg BT 114.40 185.10 Td (or) Tj ET Q q 0 0 0 rg BT 122.55 185.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 155.95 185.10 Td (market ) Tj ET Q q 0 0 0 rg BT 186.02 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.99 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.51 185.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 246.24 185.10 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 295.85 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.71 185.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 349.33 185.10 Td (value ) Tj ET Q q 0 0 0 rg BT 373.29 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.26 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.79 185.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 439.07 185.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.49 185.10 Td (using ) Tj ET Q q 0 0 0 rg BT 481.46 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.99 185.10 Td (ef) Tj ET Q q 0 0 0 rg BT 503.58 185.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 533.08 185.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 84.99 173.10 Td (method ) Tj ET Q q 0 0 0 rg BT 117.48 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 144.42 173.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 200.79 173.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 217.17 173.10 Td (value ) Tj ET Q q 0 0 0 rg BT 241.32 173.10 Td (because ) Tj ET Q q 0 0 0 rg BT 275.47 173.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 322.39 173.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.32 173.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 375.70 173.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 428.18 173.10 Td (current ) Tj ET Q q 0 0 0 rg BT 458.99 173.10 Td (market ) Tj ET Q q 0 0 0 rg BT 489.26 173.10 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 67.50 161.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.55 161.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 109.39 161.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.55 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.39 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.11 161.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 203.17 161.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 258.55 161.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 273.94 161.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 303.49 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.33 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.05 161.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.00 161.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 378.38 161.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 413.20 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.49 161.10 Td (these ) Tj ET Q q 0 0 0 rg BT 444.54 161.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 492.71 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.43 161.10 Td (representative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 149.10 Td (current ) Tj ET Q q 0 0 0 rg BT 109.15 149.10 Td (market ) Tj ET Q q 0 0 0 rg BT 139.41 149.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 163.29 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.45 149.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 201.05 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 221.33 149.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 251.61 149.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 278.82 149.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 322.99 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.93 149.10 Td (maturities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.50 137.10 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 106.54 137.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 143.92 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.61 137.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 198.64 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.91 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.84 137.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 269.08 137.10 Td (approximations ) Tj ET Q q 0 0 0 rg BT 334.79 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.61 137.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 363.97 137.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.12 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.27 137.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 428.03 137.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 468.73 137.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 494.44 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.37 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.52 137.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 116.67 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.94 125.10 Td (short ) Tj ET Q q 0 0 0 rg BT 159.44 125.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 204.43 125.10 Td (including ) Tj ET Q q 0 0 0 rg BT 244.71 125.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 282.19 125.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 315.79 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.72 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.77 125.10 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (\(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.88 113.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.59 113.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 171.30 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.34 113.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 201.05 113.10 Td (value ) Tj ET Q q 0 0 0 rg BT 224.54 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.70 113.10 Td (its ) Tj ET Q q 0 0 0 rg BT 245.97 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 277.24 113.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 294.05 113.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 339.75 113.10 Td (under ) Tj ET Q q 0 0 0 rg BT 364.35 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.40 113.10 Td (income ) Tj ET Q q 0 0 0 rg BT 409.66 113.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 448.71 113.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 489.41 113.10 Td (using ) Tj ET Q q 0 0 0 rg BT 512.91 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.18 113.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.69 101.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 108.45 101.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 138.37 101.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 184.68 101.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 211.55 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.76 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.40 101.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 276.04 101.10 Td (model ) Tj ET Q q 0 0 0 rg BT 303.46 101.10 Td (include ) Tj ET Q q 0 0 0 rg BT 335.32 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.96 101.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 394.03 101.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 429.23 101.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 464.15 101.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 496.57 101.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 513.98 101.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 536.40 101.10 Td (curves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.65 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.58 89.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 143.38 89.10 Td (credit-adjusted ) Tj ET Q q 0 0 0 rg BT 205.51 89.10 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 242.09 89.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 259.78 89.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 282.49 89.10 Td (curve. ) Tj ET Q q 0 0 0 rg BT 309.71 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 327.97 89.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 375.26 89.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.41 89.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 425.10 89.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 467.80 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.18 89.10 Td (included ) Tj ET Q q 0 0 0 rg BT 514.32 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.81 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.74 89.10 Td (Level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 77.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 75.00 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.38 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 115.53 77.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 155.79 77.10 Td (because ) Tj ET Q q 0 0 0 rg BT 189.93 77.10 Td (all ) Tj ET Q q 0 0 0 rg BT 202.43 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.26 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.97 77.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 272.69 77.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 299.63 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.34 77.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 347.38 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.21 77.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 399.03 77.10 Td (observable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 65.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 67.50 65.10 Td (There ) Tj ET Q q 0 0 0 rg BT 93.65 65.10 Td (is ) Tj ET Q q 0 0 0 rg BT 103.15 65.10 Td (no ) Tj ET Q q 0 0 0 rg BT 115.99 65.10 Td (or) Tj ET Q q 0 0 0 rg BT 124.14 65.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 158.06 65.10 Td (market ) Tj ET Q q 0 0 0 rg BT 188.66 65.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.15 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.20 65.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 240.47 65.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 272.73 65.10 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 322.83 65.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.21 65.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 377.36 65.10 Td (value ) Tj ET Q q 0 0 0 rg BT 401.85 65.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.35 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.40 65.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 469.21 65.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 488.15 65.10 Td (using ) Tj ET Q q 0 0 0 rg BT 512.66 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.71 65.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.30 65.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 53.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.43 53.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.92 53.10 Td (method ) Tj ET Q q 0 0 0 rg BT 149.41 53.10 Td (which ) Tj ET Q q 0 0 0 rg BT 176.35 53.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 232.72 53.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.10 53.10 Td (value ) Tj ET Q q 0 0 0 rg BT 273.26 53.10 Td (because ) Tj ET Q q 0 0 0 rg BT 307.40 53.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 354.32 53.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.25 53.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.63 53.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 460.11 53.10 Td (current ) Tj ET Q q 0 0 0 rg BT 490.93 53.10 Td (market ) Tj ET Q q 0 0 0 rg BT 521.19 53.10 Td (rates.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I11 Do Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 701.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 89.00 701.10 Td (between ) Tj ET Q q 0 0 0 rg BT 124.40 701.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 149.81 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.11 701.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 209.51 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.38 701.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 243.68 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.77 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.07 701.10 Td (date ) Tj ET Q q 0 0 0 rg BT 288.82 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.90 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.21 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.17 701.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 375.47 701.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 430.33 701.10 Td (changes. ) Tj ET Q q 0 0 0 rg BT 467.13 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.07 701.10 Td (There ) Tj ET Q q 0 0 0 rg BT 494.47 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 515.99 701.10 Td (no ) Tj ET Q q 0 0 0 rg BT 528.08 701.10 Td (transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (between ) Tj ET Q q 0 0 0 rg BT 85.32 689.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 111.14 689.10 Td (during ) Tj ET Q q 0 0 0 rg BT 139.75 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.47 689.10 Td (current ) Tj ET Q q 0 0 0 rg BT 185.28 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.11 689.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 248.03 689.10 Td (periods.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Reconciliation of Level 3 Financial Instruments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.85 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.35 665.10 Td (- ) Tj ET Q q 0 0 0 rg BT 249.00 665.10 Td (The following table sets forth a summary of changes in the carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (legal finance receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.33 653.10 Td ( \(plaintif) Tj ET Q q 0 0 0 rg BT 182.86 653.10 Td (f advances\): ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 613.6 m 488 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 613.6 m 561 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 598.6 m 488 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 598.6 m 561 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 510.6 m 488 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 495.6 m 488 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 510.6 m 561 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 495.6 m 561 495.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.70 632.27 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.90 618.33 Td (December) Tj ET Q q 0 0 0 rg BT 504.12 618.33 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.50 603.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 603.72 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.60 589.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 575.27 Td (Balance, beginning of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.50 575.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.65 575.28 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 575.27 Td (3,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 560.27 Td (Fair value accretion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.15 560.28 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 560.27 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 545.27 Td (Losses and provision for losses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.80 545.28 Td (\(522) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.15 545.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 545.32 Td (\(720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 530.27 Td (Collections) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.80 530.28 Td (\(441) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.15 530.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 530.32 Td (\(1,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 530.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 515.27 Td (Foreign exchange impact ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 362.07 515.27 Td (\(i\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.80 515.28 Td (\(70) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.15 515.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 515.27 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 500.27 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.50 500.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.15 500.28 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 500.27 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 80.65 472.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 111.91 472.10 Td (between ) Tj ET Q q 0 0 0 rg BT 147.07 472.10 Td (year) Tj ET Q q 0 0 0 rg BT 164.08 472.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 183.69 472.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 214.41 472.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 254.01 472.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.84 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.12 472.10 Td (average ) Tj ET Q q 0 0 0 rg BT 320.05 472.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 359.65 472.10 Td (rate; ) Tj ET Q q 0 0 0 rg BT 379.26 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.32 472.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.16 472.10 Td (is ) Tj ET Q q 0 0 0 rg BT 433.67 472.10 Td (included ) Tj ET Q q 0 0 0 rg BT 469.95 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.58 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.97 472.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.10 Td (income.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (Significant Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.04 412.10 Td (value ) Tj ET Q q 0 0 0 rg BT 92.14 412.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 151.78 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.42 412.10 Td (based ) Tj ET Q q 0 0 0 rg BT 191.62 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.06 412.10 Td (level ) Tj ET Q q 0 0 0 rg BT 225.93 412.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 233.37 412.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 260.25 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.02 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.67 412.10 Td (three-level ) Tj ET Q q 0 0 0 rg BT 330.86 412.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 371.05 412.10 Td (system ) Tj ET Q q 0 0 0 rg BT 401.26 412.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.14 412.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 466.12 412.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 493.00 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.10 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.75 412.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.52 412.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.12 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.31 400.10 Td (based ) Tj ET Q q 0 0 0 rg BT 101.49 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.90 400.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 157.63 400.10 Td (market ) Tj ET Q q 0 0 0 rg BT 186.80 400.10 Td (data ) Tj ET Q q 0 0 0 rg BT 204.87 400.10 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 262.92 400.10 Td (inputs\). ) Tj ET Q q 0 0 0 rg BT 294.61 400.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 318.79 400.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 349.62 400.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 396.00 400.10 Td (\(plaintif) Tj ET Q q 0 0 0 rg BT 428.04 400.10 Td (f ) Tj ET Q q 0 0 0 rg BT 432.78 400.10 Td (advances\) ) Tj ET Q q 0 0 0 rg BT 474.16 400.10 Td (were ) Tj ET Q q 0 0 0 rg BT 495.00 400.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 527.52 400.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (at ) Tj ET Q q 0 0 0 rg BT 58.99 388.10 Td (their ) Tj ET Q q 0 0 0 rg BT 79.60 388.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 95.75 388.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 122.18 388.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 166.11 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.16 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.66 388.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 215.16 388.10 Td (advanced. ) Tj ET Q q 0 0 0 rg BT 257.69 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.96 388.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 308.35 388.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 363.94 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.54 388.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 403.24 388.10 Td (f ) Tj ET Q q 0 0 0 rg BT 408.85 388.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 447.77 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 456.72 388.10 Td (at ) Tj ET Q q 0 0 0 rg BT 466.21 388.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 482.37 388.10 Td (value ) Tj ET Q q 0 0 0 rg BT 506.30 388.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 541.91 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 548.62 388.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 376.10 Td (model ) Tj ET Q q 0 0 0 rg BT 101.15 376.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 144.74 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.24 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.96 376.10 Td (Company) Tj ET Q q 0 0 0 rg BT 210.20 376.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 352.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 105.59 352.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 157.54 352.10 Td (used ) Tj ET Q q 0 0 0 rg BT 178.37 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.65 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.36 352.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 219.74 352.10 Td (value ) Tj ET Q q 0 0 0 rg BT 243.89 352.10 Td (model ) Tj ET Q q 0 0 0 rg BT 271.39 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.10 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.93 352.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 109.99 340.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 145.82 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.65 340.10 Td (each ) Tj ET Q q 0 0 0 rg BT 177.46 340.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 206.16 340.10 Td (f ) Tj ET Q q 0 0 0 rg BT 211.99 340.10 Td (advance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.10 Td (Best ) Tj ET Q q 0 0 0 rg BT 87.78 328.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 123.60 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.43 328.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 180.80 328.10 Td (outcome;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.10 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 104.45 316.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 119.16 316.10 Td (per ) Tj ET Q q 0 0 0 rg BT 134.42 316.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 169.68 316.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 204.38 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.88 316.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 252.15 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 276.31 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.14 316.10 Td (each ) Tj ET Q q 0 0 0 rg BT 307.95 316.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 336.66 316.10 Td (f ) Tj ET Q q 0 0 0 rg BT 342.49 316.10 Td (advance; ) Tj ET Q q 0 0 0 rg BT 380.52 316.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 304.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 98.88 304.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 130.81 304.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.30 304.10 Td (at ) Tj ET Q q 0 0 0 rg BT 158.01 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.95 304.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 225.77 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.04 304.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 270.76 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.47 304.10 Td (discounted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 280.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 84.03 280.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.24 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.13 280.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 147.83 280.10 Td (f ) Tj ET Q q 0 0 0 rg BT 153.72 280.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 192.92 280.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.14 280.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 241.34 280.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 279.99 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 292.55 280.10 Td (an ) Tj ET Q q 0 0 0 rg BT 304.54 280.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 347.65 280.10 Td (case ) Tj ET Q q 0 0 0 rg BT 367.41 280.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 392.46 280.10 Td (Events ) Tj ET Q q 0 0 0 rg BT 422.24 280.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.79 280.10 Td (may ) Tj ET Q q 0 0 0 rg BT 459.56 280.10 Td (trigger ) Tj ET Q q 0 0 0 rg BT 488.77 280.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.53 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.87 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.64 280.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.49 268.10 Td (each ) Tj ET Q q 0 0 0 rg BT 105.30 268.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 134.00 268.10 Td (f ) Tj ET Q q 0 0 0 rg BT 139.83 268.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 175.09 268.10 Td (include ) Tj ET Q q 0 0 0 rg BT 207.02 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.74 268.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (Successful ) Tj ET Q q 0 0 0 rg BT 112.77 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.71 256.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 183.31 256.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 227.47 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.30 256.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 266.90 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.18 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.12 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.84 256.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.22 256.10 Td (has ) Tj ET Q q 0 0 0 rg BT 376.05 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.99 256.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 411.69 256.10 Td (f ) Tj ET Q q 0 0 0 rg BT 417.52 256.10 Td (advance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 118.89 244.10 Td (appeals ) Tj ET Q q 0 0 0 rg BT 151.37 244.10 Td (against ) Tj ET Q q 0 0 0 rg BT 182.20 244.10 Td (both ) Tj ET Q q 0 0 0 rg BT 202.48 244.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 246.07 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.01 244.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 316.61 244.10 Td (judgments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.10 Td (Receipt ) Tj ET Q q 0 0 0 rg BT 100.54 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.37 232.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 136.09 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.37 232.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 169.98 232.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 198.68 232.10 Td (f ) Tj ET Q q 0 0 0 rg BT 204.51 232.10 Td (advances;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 220.10 Td (case ) Tj ET Q q 0 0 0 rg BT 96.38 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.55 220.10 Td (dismissed ) Tj ET Q q 0 0 0 rg BT 147.50 220.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.77 220.10 Td (prejudice ) Tj ET Q q 0 0 0 rg BT 207.48 220.10 Td (\(meaning, ) Tj ET Q q 0 0 0 rg BT 250.24 220.10 Td (it ) Tj ET Q q 0 0 0 rg BT 258.30 220.10 Td (can ) Tj ET Q q 0 0 0 rg BT 274.67 220.10 Td (never ) Tj ET Q q 0 0 0 rg BT 299.38 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 311.32 220.10 Td (re-filed ) Tj ET Q q 0 0 0 rg BT 343.24 220.10 Td (anywhere\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 100.55 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.83 208.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 146.66 208.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 161.37 208.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 197.75 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.25 208.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 238.95 208.10 Td (f ) Tj ET Q q 0 0 0 rg BT 244.78 208.10 Td (advances;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 98.88 196.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 130.81 196.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.30 196.10 Td (at ) Tj ET Q q 0 0 0 rg BT 158.01 196.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.95 196.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 225.77 196.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.04 196.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 270.76 196.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.47 196.10 Td (discounted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 85.60 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.16 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.16 172.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 165.60 172.10 Td (process ) Tj ET Q q 0 0 0 rg BT 198.37 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 207.83 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.83 172.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 260.59 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.04 172.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 308.93 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.04 172.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 343.92 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.70 172.10 Td (have ) Tj ET Q q 0 0 0 rg BT 383.36 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.58 172.10 Td (high ) Tj ET Q q 0 0 0 rg BT 411.15 172.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 457.81 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.92 172.10 Td (success, ) Tj ET Q q 0 0 0 rg BT 504.20 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.76 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.98 172.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.03 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.58 160.10 Td (pre-trial ) Tj ET Q q 0 0 0 rg BT 120.55 160.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 164.41 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.51 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.61 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.81 160.10 Td (result ) Tj ET Q q 0 0 0 rg BT 218.80 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.90 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.10 160.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 277.64 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.41 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.62 160.10 Td (court. ) Tj ET Q q 0 0 0 rg BT 323.23 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.55 160.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 358.19 160.10 Td (value ) Tj ET Q q 0 0 0 rg BT 382.61 160.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 418.70 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 428.14 160.10 Td (inherently ) Tj ET Q q 0 0 0 rg BT 471.45 160.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 514.76 160.10 Td (being ) Tj ET Q q 0 0 0 rg BT 539.74 160.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 148.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 79.25 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.41 148.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.02 148.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 138.50 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.99 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.38 148.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 198.87 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.36 148.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 238.06 148.10 Td (f ) Tj ET Q q 0 0 0 rg BT 243.56 148.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 278.47 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.08 148.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.69 148.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 343.85 148.10 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 389.61 148.10 Td (In ) Tj ET Q q 0 0 0 rg BT 400.10 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.48 148.10 Td (Company) Tj ET Q q 0 0 0 rg BT 456.15 148.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.21 148.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 494.93 148.10 Td (there ) Tj ET Q q 0 0 0 rg BT 517.08 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.91 148.10 Td (no ) Tj ET Q q 0 0 0 rg BT 538.08 148.10 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.13 136.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 133.78 136.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.21 136.10 Td (would ) Tj ET Q q 0 0 0 rg BT 178.65 136.10 Td (better ) Tj ET Q q 0 0 0 rg BT 203.85 136.10 Td (quantify ) Tj ET Q q 0 0 0 rg BT 239.61 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.27 136.10 Td (market ) Tj ET Q q 0 0 0 rg BT 284.47 136.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 301.90 136.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 337.10 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.32 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.97 136.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 399.40 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.28 136.10 Td (there ) Tj ET Q q 0 0 0 rg BT 438.70 136.10 Td (are ) Tj ET Q q 0 0 0 rg BT 453.34 136.10 Td (no ) Tj ET Q q 0 0 0 rg BT 465.78 136.10 Td (other ) Tj ET Q q 0 0 0 rg BT 488.76 136.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 515.65 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.41 136.10 Td (variables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 124.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.72 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.43 124.10 Td (value ) Tj ET Q q 0 0 0 rg BT 125.59 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.42 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.14 124.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 179.84 124.10 Td (f ) Tj ET Q q 0 0 0 rg BT 185.67 124.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 224.81 124.10 Td (are ) Tj ET Q q 0 0 0 rg BT 239.52 124.10 Td (correlated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.75 100.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 77.66 100.10 Td (change ) Tj ET Q q 0 0 0 rg BT 107.55 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.91 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.71 100.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.61 100.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 205.51 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.42 100.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 244.12 100.10 Td (f ) Tj ET Q q 0 0 0 rg BT 249.03 100.10 Td (advances, ) Tj ET Q q 0 0 0 rg BT 289.76 100.10 Td (while ) Tj ET Q q 0 0 0 rg BT 313.56 100.10 Td (all ) Tj ET Q q 0 0 0 rg BT 325.13 100.10 Td (other ) Tj ET Q q 0 0 0 rg BT 347.26 100.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 384.93 100.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 414.27 100.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 451.68 100.10 Td (would ) Tj ET Q q 0 0 0 rg BT 478.26 100.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.71 100.10 Td (no ) Tj ET Q q 0 0 0 rg BT 510.29 100.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.21 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.71 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.43 88.10 Td (Company) Tj ET Q q 0 0 0 rg BT 148.09 88.10 Td (s ) Tj ET Q q 0 0 0 rg BT 154.49 88.10 Td (net ) Tj ET Q q 0 0 0 rg BT 169.20 88.10 Td (income ) Tj ET Q q 0 0 0 rg BT 201.14 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.07 88.10 Td (net ) Tj ET Q q 0 0 0 rg BT 232.79 88.10 Td (assets. ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I12 Do Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (17) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (\(b\) Gains and losses on financial instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 689.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 689.10 Td (table ) Tj ET Q q 0 0 0 rg BT 130.87 689.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 158.37 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.09 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 187.81 689.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 211.41 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.35 689.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 254.74 689.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 284.46 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.62 689.10 Td (each ) Tj ET Q q 0 0 0 rg BT 319.44 689.10 Td (category ) Tj ET Q q 0 0 0 rg BT 356.36 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.19 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.67 689.10 Td (instruments: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 649.6 m 492 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 649.6 m 561 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 634.6 m 492 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 634.6 m 561 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 516.6 m 492 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 516.6 m 492 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 501.6 m 492 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 516.6 m 561 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 501.6 m 561 501.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 668.27 Td (For the year ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.40 654.33 Td (December) Tj ET Q q 0 0 0 rg BT 510.62 654.33 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.00 639.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 639.72 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.10 625.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 611.27 Td (Amortized cost:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 596.27 Td ( Provision for credit losses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 596.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.30 596.33 Td (\(33,214) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.15 596.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 596.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 596.32 Td (\(19,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 596.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 581.27 Td (Designated as at fair value through net income or loss:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 566.27 Td ( Convertible debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.15 566.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 566.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 551.27 Td (Fair value through net income or loss:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 536.27 Td ( Investment in Dealnet common shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.15 536.28 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 536.32 Td (\(181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 536.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 521.27 Td ( Interest rate derivatives) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.30 521.33 Td (\(1,109) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.15 521.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 521.27 Td (705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 506.27 Td (Net loss) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 506.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.30 506.33 Td (\(34,293) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.15 506.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 506.32 Td (\(18,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 506.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I13 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 466.10 Td (4. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 466.10 Td (FINANCIAL) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 103.20 466.10 Td ( RISK MANAGEMENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.25 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.89 442.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 105.64 442.10 Td (course ) Tj ET Q q 0 0 0 rg BT 134.16 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.92 442.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 183.73 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.37 442.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.68 442.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 277.09 442.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 298.41 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.82 442.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 337.13 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.88 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.74 442.10 Td (result ) Tj ET Q q 0 0 0 rg BT 379.38 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.13 442.10 Td (its ) Tj ET Q q 0 0 0 rg BT 402.01 442.10 Td (use ) Tj ET Q q 0 0 0 rg BT 417.76 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.51 442.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.92 442.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 517.33 442.10 Td (These ) Tj ET Q q 0 0 0 rg BT 543.63 442.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (include ) Tj ET Q q 0 0 0 rg BT 81.43 430.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 109.20 430.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 145.59 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.53 430.10 Td (market ) Tj ET Q q 0 0 0 rg BT 192.79 430.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 212.79 430.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 244.17 430.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 265.56 430.10 Td (can ) Tj ET Q q 0 0 0 rg BT 281.94 430.10 Td (include ) Tj ET Q q 0 0 0 rg BT 313.87 430.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 345.80 430.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 363.29 430.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 383.29 430.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 414.67 430.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 452.14 430.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 469.64 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.58 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 509.63 430.10 Td (price ) Tj ET Q q 0 0 0 rg BT 532.11 430.10 Td (risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (There ) Tj ET Q q 0 0 0 rg BT 75.37 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.79 406.10 Td (been ) Tj ET Q q 0 0 0 rg BT 118.22 406.10 Td (no ) Tj ET Q q 0 0 0 rg BT 130.77 406.10 Td (material ) Tj ET Q q 0 0 0 rg BT 166.08 406.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 200.84 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.17 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.93 406.10 Td (Company) Tj ET Q q 0 0 0 rg BT 267.60 406.10 Td (s ) Tj ET Q q 0 0 0 rg BT 274.04 406.10 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 319.63 406.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 353.29 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.17 406.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 405.04 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.25 406.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 463.45 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.44 406.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 522.43 406.10 Td (any ) Tj ET Q q 0 0 0 rg BT 539.41 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 406.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 70.89 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.17 394.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.11 394.10 Td (it ) Tj ET Q q 0 0 0 rg BT 116.17 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.33 394.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 160.60 394.10 Td (since ) Tj ET Q q 0 0 0 rg BT 183.65 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.37 394.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 235.31 394.10 Td (year ) Tj ET Q q 0 0 0 rg BT 255.01 394.10 Td (end.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (i\) ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (Credit risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.18 358.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 92.87 358.10 Td (stems ) Tj ET Q q 0 0 0 rg BT 117.33 358.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.23 358.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.35 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.26 358.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 227.93 358.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 262.95 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.97 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.09 358.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 317.43 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.45 358.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 379.67 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.13 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.25 358.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.92 358.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 476.38 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.84 358.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 506.96 358.10 Td (its ) Tj ET Q q 0 0 0 rg BT 518.10 358.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 99.19 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.69 346.10 Td (Company) Tj ET Q q 0 0 0 rg BT 159.36 346.10 Td (s ) Tj ET Q q 0 0 0 rg BT 166.21 346.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 209.72 346.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 248.77 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.51 346.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 285.23 346.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 303.19 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.82 346.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 361.86 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.82 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.99 346.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 426.27 346.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 463.11 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.40 346.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 497.63 346.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 537.79 346.10 Td (funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 91.99 334.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 111.70 334.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 155.28 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.22 334.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 204.14 334.10 Td (receivables. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.70 310.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.37 310.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.92 310.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 141.68 310.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.10 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.43 310.10 Td (held ) Tj ET Q q 0 0 0 rg BT 188.30 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.74 310.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 234.38 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.82 310.10 Td (several ) Tj ET Q q 0 0 0 rg BT 283.79 310.10 Td (major ) Tj ET Q q 0 0 0 rg BT 308.77 310.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 348.20 310.10 Td (chartered ) Tj ET Q q 0 0 0 rg BT 387.05 310.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 412.03 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.13 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.23 310.10 Td (few ) Tj ET Q q 0 0 0 rg BT 450.87 310.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 470.32 310.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 495.30 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 514.74 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.61 310.10 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.01 298.10 Td (J.P) Tj ET Q q 0 0 0 rg BT 69.85 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.64 298.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 91.69 298.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 108.42 298.10 Td (Chase. ) Tj ET Q q 0 0 0 rg BT 137.65 298.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 192.14 298.10 Td (has ) Tj ET Q q 0 0 0 rg BT 207.76 298.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 248.37 298.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 273.43 298.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 290.72 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.79 298.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 341.40 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.47 298.10 Td (such ) Tj ET Q q 0 0 0 rg BT 372.09 298.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 408.80 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.87 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.60 298.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 465.67 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.40 298.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 520.25 298.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.74 298.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 286.10 Td (status ) Tj ET Q q 0 0 0 rg BT 89.50 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.33 286.10 Td (these ) Tj ET Q q 0 0 0 rg BT 123.37 286.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.85 286.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 207.81 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.08 286.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 253.35 286.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 290.84 286.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 316.11 286.10 Td (risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 82.98 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.80 262.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 121.06 262.10 Td (Chip's ) Tj ET Q q 0 0 0 rg BT 148.58 262.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 194.84 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.00 262.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 236.81 262.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 284.16 262.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.74 262.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 341.66 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 361.82 262.10 Td (smaller) Tj ET Q q 0 0 0 rg BT 390.85 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.73 262.10 Td (often ) Tj ET Q q 0 0 0 rg BT 418.66 262.10 Td (owner) Tj ET Q q 0 0 0 rg BT 443.45 262.10 Td (-operated ) Tj ET Q q 0 0 0 rg BT 483.58 262.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 530.68 262.10 Td (some ) Tj ET Q q 0 0 0 rg BT 554.17 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 76.63 250.10 Td (have ) Tj ET Q q 0 0 0 rg BT 97.63 250.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 128.09 250.10 Td (access ) Tj ET Q q 0 0 0 rg BT 155.76 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.66 250.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 208.89 250.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 251.28 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.94 250.10 Td (A) Tj ET Q q 0 0 0 rg BT 259.61 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.74 250.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 292.75 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.21 250.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 342.13 250.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 372.03 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.59 250.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 431.26 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.60 250.10 Td (either ) Tj ET Q q 0 0 0 rg BT 470.49 250.10 Td (start-up ) Tj ET Q q 0 0 0 rg BT 503.16 250.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 547.51 250.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (have ) Tj ET Q q 0 0 0 rg BT 70.38 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 85.17 238.10 Td (established ) Tj ET Q q 0 0 0 rg BT 131.61 238.10 Td (business ) Tj ET Q q 0 0 0 rg BT 167.50 238.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 192.27 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.61 238.10 Td (more ) Tj ET Q q 0 0 0 rg BT 225.16 238.10 Td (tenured ) Tj ET Q q 0 0 0 rg BT 257.15 238.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 301.38 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.38 238.10 Td (have ) Tj ET Q q 0 0 0 rg BT 339.26 238.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 389.57 238.10 Td (some ) Tj ET Q q 0 0 0 rg BT 412.69 238.10 Td (business ) Tj ET Q q 0 0 0 rg BT 448.58 238.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 473.35 238.10 Td (dif) Tj ET Q q 0 0 0 rg BT 484.28 238.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 512.39 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.61 238.10 Td (some ) Tj ET Q q 0 0 0 rg BT 544.73 238.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.12 226.10 Td (their ) Tj ET Q q 0 0 0 rg BT 81.28 226.10 Td (history ) Tj ET Q q 0 0 0 rg BT 111.89 226.10 Td (\("non-prime"\). ) Tj ET Q q 0 0 0 rg BT 173.08 226.10 Td (As ) Tj ET Q q 0 0 0 rg BT 187.03 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.31 226.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 221.86 226.10 Td (such ) Tj ET Q q 0 0 0 rg BT 243.03 226.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 269.74 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.02 226.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 310.96 226.10 Td (entail ) Tj ET Q q 0 0 0 rg BT 336.01 226.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 364.40 226.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 390.00 226.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 407.83 226.10 Td (than ) Tj ET Q q 0 0 0 rg BT 427.89 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.05 226.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 470.22 226.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 513.60 226.10 Td (\(reflected ) Tj ET Q q 0 0 0 rg BT 554.74 226.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 77.67 214.10 Td (than ) Tj ET Q q 0 0 0 rg BT 97.50 214.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 135.65 214.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 161.60 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.55 214.10 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 230.15 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.21 214.10 Td (loss\) ) Tj ET Q q 0 0 0 rg BT 268.72 214.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 301.32 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.72 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 214.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 352.50 214.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 402.31 214.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 447.15 214.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 479.19 214.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 512.07 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.69 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.12 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 535.29 214.10 Td (typical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 70.89 202.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 92.83 202.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 131.99 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.16 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.09 202.10 Td (tenured ) Tj ET Q q 0 0 0 rg BT 180.58 202.10 Td (small ) Tj ET Q q 0 0 0 rg BT 204.74 202.10 Td (business ) Tj ET Q q 0 0 0 rg BT 241.14 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 261.41 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.35 202.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 295.85 202.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 321.12 202.10 Td (profile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 88.77 178.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 114.02 178.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 131.50 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.65 178.10 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 180.90 178.10 Td (by: ) Tj ET Q q 0 0 0 rg BT 196.16 178.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 229.74 178.10 Td (only ) Tj ET Q q 0 0 0 rg BT 250.00 178.10 Td (澱usiness ) Tj ET Q q 0 0 0 rg BT 290.81 178.10 Td (essential ) Tj ET Q q 0 0 0 rg BT 332.17 178.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 381.84 178.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 429.04 178.10 Td (where ) Tj ET Q q 0 0 0 rg BT 455.95 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.64 178.10 Td (value ) Tj ET Q q 0 0 0 rg BT 494.78 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.59 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.29 178.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.32 166.10 Td (less ) Tj ET Q q 0 0 0 rg BT 75.48 166.10 Td (than ) Tj ET Q q 0 0 0 rg BT 94.85 166.10 Td (US$250,000, ) Tj ET Q q 0 0 0 rg BT 149.79 166.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 186.93 166.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 226.86 166.10 Td (at ) Tj ET Q q 0 0 0 rg BT 236.23 166.10 Td (least ) Tj ET Q q 0 0 0 rg BT 256.71 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.09 166.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 307.12 166.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 348.13 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.62 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.99 166.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 409.03 166.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 440.06 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.55 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.92 166.10 Td (lessee\\borrower ) Tj ET Q q 0 0 0 rg BT 530.38 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.20 166.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 72.14 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 83.12 154.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 105.49 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.58 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.23 154.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 195.64 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.29 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.38 154.10 Td (number ) Tj ET Q q 0 0 0 rg BT 248.58 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.56 154.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 288.04 154.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 331.24 154.10 Td (geographical ) Tj ET Q q 0 0 0 rg BT 385.53 154.10 Td (across ) Tj ET Q q 0 0 0 rg BT 413.17 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.04 154.10 Td (United ) Tj ET Q q 0 0 0 rg BT 457.91 154.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 486.95 154.10 Td (type ) Tj ET Q q 0 0 0 rg BT 506.81 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.80 154.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (vendor) Tj ET Q q 0 0 0 rg BT 76.87 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.42 142.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 127.68 142.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 149.34 142.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 191.28 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.11 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 229.60 142.10 Td (Pawnee) Tj ET Q q 0 0 0 rg BT 263.47 142.10 Td (s ) Tj ET Q q 0 0 0 rg BT 270.42 142.10 Td (lessees\\borrowers ) Tj ET Q q 0 0 0 rg BT 344.56 142.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 377.03 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.52 142.10 Td (through ) Tj ET Q q 0 0 0 rg BT 428.68 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.95 142.10 Td (number ) Tj ET Q q 0 0 0 rg BT 477.54 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.92 142.10 Td (lessees\\borrowers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (none ) Tj ET Q q 0 0 0 rg BT 71.18 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.75 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.43 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.34 130.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 167.91 130.10 Td (significant. ) Tj ET Q q 0 0 0 rg BT 214.86 130.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 269.59 130.10 Td (Pawnee) Tj ET Q q 0 0 0 rg BT 303.46 130.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.59 130.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 334.60 130.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 351.84 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.86 130.10 Td (its ) Tj ET Q q 0 0 0 rg BT 373.55 130.10 Td (non-prime ) Tj ET Q q 0 0 0 rg BT 417.44 130.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 454.68 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 463.59 130.10 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 503.60 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 515.84 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.29 130.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 547.52 130.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.44 118.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 99.03 118.10 Td (lease\\loan ) Tj ET Q q 0 0 0 rg BT 140.73 118.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 174.66 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 193.59 118.10 Td (require ) Tj ET Q q 0 0 0 rg BT 223.63 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.35 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.28 118.10 Td (lessee\\borrower ) Tj ET Q q 0 0 0 rg BT 319.31 118.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 351.58 118.10 Td (two ) Tj ET Q q 0 0 0 rg BT 368.30 118.10 Td (months ) Tj ET Q q 0 0 0 rg BT 399.46 118.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 439.51 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.56 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.72 118.10 Td (security ) Tj ET Q q 0 0 0 rg BT 489.09 118.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 519.70 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 529.75 118.10 Td (advance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 92.66 106.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 121.93 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.04 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.59 106.10 Td (case ) Tj ET Q q 0 0 0 rg BT 166.14 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.80 106.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 209.40 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.40 106.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 250.17 106.10 Td (against ) Tj ET Q q 0 0 0 rg BT 280.83 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.38 106.10 Td (lease\\loan ) Tj ET Q q 0 0 0 rg BT 337.69 106.10 Td (receivable; ) Tj ET Q q 0 0 0 rg BT 383.88 106.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 425.10 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.65 106.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 470.87 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 479.87 106.10 Td (held ) Tj ET Q q 0 0 0 rg BT 499.42 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.42 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.97 106.10 Td (full ) Tj ET Q q 0 0 0 rg BT 544.19 106.10 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 94.10 Td (lease\\loan ) Tj ET Q q 0 0 0 rg BT 117.53 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.47 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.64 94.10 Td (then ) Tj ET Q q 0 0 0 rg BT 163.35 94.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 199.17 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.00 94.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 241.93 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.21 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.93 94.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 304.96 94.10 Td (option ) Tj ET Q q 0 0 0 rg BT 333.02 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.85 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.57 94.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 403.28 94.10 Td (at ) Tj ET Q q 0 0 0 rg BT 413.00 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.71 94.10 Td (lessee) Tj ET Q q 0 0 0 rg BT 454.37 94.10 Td (s ) Tj ET Q q 0 0 0 rg BT 460.76 94.10 Td (option. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 83.46 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.75 70.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 122.49 70.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 144.80 70.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.86 70.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 192.71 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.34 70.10 Td (repossess ) Tj ET Q q 0 0 0 rg BT 243.97 70.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 281.25 70.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 326.32 70.10 Td (if ) Tj ET Q q 0 0 0 rg BT 335.29 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.36 70.10 Td (lessee\\borrower ) Tj ET Q q 0 0 0 rg BT 416.52 70.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 451.03 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 463.89 70.10 Td (their ) Tj ET Q q 0 0 0 rg BT 485.07 70.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 520.13 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.76 70.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.72 70.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 89.28 58.10 Td (any ) Tj ET Q q 0 0 0 rg BT 105.72 58.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 130.50 58.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 158.75 58.10 Td (When ) Tj ET Q q 0 0 0 rg BT 184.64 58.10 Td (an ) Tj ET Q q 0 0 0 rg BT 196.08 58.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 217.53 58.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 261.75 58.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 298.73 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.07 58.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 348.28 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 356.96 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.74 58.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.19 58.10 Td (repossessed, ) Tj ET Q q 0 0 0 rg BT 429.91 58.10 Td (it ) Tj ET Q q 0 0 0 rg BT 437.47 58.10 Td (under) Tj ET Q q 0 0 0 rg BT 460.06 58.10 Td (goes ) Tj ET Q q 0 0 0 rg BT 480.40 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.85 58.10 Td (process ) Tj ET Q q 0 0 0 rg BT 518.85 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 58.10 Td (physical ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (repossession ) Tj ET Q q 0 0 0 rg BT 102.24 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.86 704.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 153.82 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.79 704.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 210.93 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 230.90 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.30 704.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 266.92 704.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 310.77 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.29 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.69 704.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 370.08 704.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 402.52 704.10 Td (See ) Tj ET Q q 0 0 0 rg BT 419.15 704.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 440.77 704.10 Td (6\(f\) ) Tj ET Q q 0 0 0 rg BT 457.95 704.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 463.46 704.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 498.41 704.10 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.16 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.85 704.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 692.10 Td (further ) Tj ET Q q 0 0 0 rg BT 86.15 692.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 130.32 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 142.82 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.53 692.10 Td (repossession ) Tj ET Q q 0 0 0 rg BT 210.58 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 692.10 Td (collateral. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.84 668.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 100.06 668.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 147.82 668.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 178.40 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.52 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.75 668.10 Td (lar) Tj ET Q q 0 0 0 rg BT 207.12 668.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 219.35 668.10 Td (number ) Tj ET Q q 0 0 0 rg BT 252.70 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.82 668.10 Td (homogenous ) Tj ET Q q 0 0 0 rg BT 317.72 668.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 344.39 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.63 668.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 388.03 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.60 668.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 449.16 668.10 Td (small ) Tj ET Q q 0 0 0 rg BT 473.62 668.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 513.33 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.57 668.10 Td (as ) Tj ET Q q 0 0 0 rg BT 541.69 668.10 Td (such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.68 656.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 107.30 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.60 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.79 656.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 174.29 656.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.91 656.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.64 656.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 238.50 656.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.14 656.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 290.75 656.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 339.37 656.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.00 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.18 656.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 389.13 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.54 656.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 424.72 656.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 467.77 656.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 507.23 656.10 Td (More ) Tj ET Q q 0 0 0 rg BT 530.86 656.10 Td (detailed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.89 644.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 141.38 644.10 Td (this ) Tj ET Q q 0 0 0 rg BT 159.01 644.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 214.96 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.58 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 245.75 644.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 278.36 644.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 326.50 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.68 644.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.06 644.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 406.55 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.51 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.13 644.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 468.85 644.10 Td (is ) Tj ET Q q 0 0 0 rg BT 478.69 644.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 517.42 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.38 644.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 550.99 644.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 559.17 644.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 84.76 632.10 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.51 632.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 71.39 608.10 Td (Chip, ) Tj ET Q q 0 0 0 rg BT 96.34 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.11 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.55 608.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 145.33 608.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 181.65 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.98 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.20 608.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 248.97 608.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 294.18 608.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 326.60 608.10 Td (market ) Tj ET Q q 0 0 0 rg BT 357.37 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.70 608.10 Td (Pawnee) Tj ET Q q 0 0 0 rg BT 402.57 608.10 Td (s ) Tj ET Q q 0 0 0 rg BT 409.47 608.10 Td (market ) Tj ET Q q 0 0 0 rg BT 440.23 608.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 476.56 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.33 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.55 608.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 525.84 608.10 Td (mitigates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.91 596.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 94.56 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.98 596.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 137.41 596.10 Td (fashion ) Tj ET Q q 0 0 0 rg BT 170.49 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.92 596.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 216.66 596.10 Td (including ) Tj ET Q q 0 0 0 rg BT 258.08 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.95 596.10 Td (small ) Tj ET Q q 0 0 0 rg BT 299.26 596.10 Td (average ) Tj ET Q q 0 0 0 rg BT 333.99 596.10 Td (size ) Tj ET Q q 0 0 0 rg BT 353.19 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.16 596.10 Td (each ) Tj ET Q q 0 0 0 rg BT 387.13 596.10 Td (lease\\loan, ) Tj ET Q q 0 0 0 rg BT 433.25 596.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 494.66 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.09 596.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 543.06 596.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 92.97 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.34 584.10 Td (industries, ) Tj ET Q q 0 0 0 rg BT 154.66 584.10 Td (very ) Tj ET Q q 0 0 0 rg BT 175.36 584.10 Td (low ) Tj ET Q q 0 0 0 rg BT 193.30 584.10 Td (lessee\\borrower ) Tj ET Q q 0 0 0 rg BT 259.54 584.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 316.89 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.27 584.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 371.08 584.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 416.77 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.03 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.18 584.10 Td (business ) Tj ET Q q 0 0 0 rg BT 480.01 584.10 Td (principals ) Tj ET Q q 0 0 0 rg BT 522.38 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 535.31 584.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 81.42 572.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.89 548.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 93.49 548.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 111.33 548.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.17 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.22 548.10 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 182.05 548.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 202.10 548.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.61 548.10 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 252.22 548.10 Td (by ) Tj ET Q q 0 0 0 rg BT 265.06 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.12 548.10 Td (security ) Tj ET Q q 0 0 0 rg BT 314.61 548.10 Td (held ) Tj ET Q q 0 0 0 rg BT 334.67 548.10 Td (by ) Tj ET Q q 0 0 0 rg BT 347.51 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.56 548.10 Td (Company) Tj ET Q q 0 0 0 rg BT 400.80 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.14 548.10 Td (which ) Tj ET Q q 0 0 0 rg BT 433.42 548.10 Td (includes: ) Tj ET Q q 0 0 0 rg BT 472.36 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.42 548.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 521.35 548.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 548.07 548.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 73.11 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.05 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.99 536.10 Td (general ) Tj ET Q q 0 0 0 rg BT 128.91 536.10 Td (security ) Tj ET Q q 0 0 0 rg BT 163.06 536.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 207.21 536.10 Td (over ) Tj ET Q q 0 0 0 rg BT 227.47 536.10 Td (all ) Tj ET Q q 0 0 0 rg BT 239.97 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.69 536.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.52 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.35 536.10 Td (EcoHome. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 536.10 Td (See ) Tj ET Q q 0 0 0 rg BT 353.27 536.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 375.21 536.10 Td (5\(a\) ) Tj ET Q q 0 0 0 rg BT 393.81 536.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.64 536.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 425.29 536.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.29 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.79 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.95 536.10 Td (further ) Tj ET Q q 0 0 0 rg BT 496.65 536.10 Td (discussion.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (ii\) ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 515.10 Td (Liquidity risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 88.85 494.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 105.98 494.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.78 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.12 494.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 146.25 494.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.37 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.72 494.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 218.73 494.10 Td (will ) Tj ET Q q 0 0 0 rg BT 236.42 494.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 277.97 494.10 Td (dif) Tj ET Q q 0 0 0 rg BT 288.89 494.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 317.13 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.03 494.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 361.37 494.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 407.94 494.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 451.17 494.10 Td (with ) Tj ET Q q 0 0 0 rg BT 471.07 494.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.18 494.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 547.52 494.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 482.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 92.81 482.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.31 482.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 148.35 482.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 168.62 482.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.45 482.10 Td (another ) Tj ET Q q 0 0 0 rg BT 211.94 482.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.42 482.10 Td (asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.17 458.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.83 458.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.84 458.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 153.61 458.10 Td (is ) Tj ET Q q 0 0 0 rg BT 162.40 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.29 458.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 209.40 458.10 Td (low ) Tj ET Q q 0 0 0 rg BT 226.52 458.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.41 458.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 285.45 458.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 324.23 458.10 Td (any ) Tj ET Q q 0 0 0 rg BT 340.79 458.10 Td (free ) Tj ET Q q 0 0 0 rg BT 358.44 458.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 378.33 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.23 458.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 419.77 458.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 466.86 458.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.31 458.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 507.74 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.30 458.10 Td (using ) Tj ET Q q 0 0 0 rg BT 548.08 458.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 77.79 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.75 446.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 104.38 446.10 Td (down ) Tj ET Q q 0 0 0 rg BT 128.79 446.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 148.20 446.10 Td (on ) Tj ET Q q 0 0 0 rg BT 160.39 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.79 446.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 208.64 446.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 248.59 446.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 287.71 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.41 446.10 Td (At ) Tj ET Q q 0 0 0 rg BT 301.60 446.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 359.88 446.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 384.56 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 446.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 445.74 446.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 489.58 446.10 Td (has ) Tj ET Q q 0 0 0 rg BT 505.10 446.10 Td (at ) Tj ET Q q 0 0 0 rg BT 514.51 446.10 Td (least ) Tj ET Q q 0 0 0 rg BT 535.02 446.10 Td ($644.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.89 434.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 106.72 434.10 Td (- ) Tj ET Q q 0 0 0 rg BT 112.55 434.10 Td ($419.0 ) Tj ET Q q 0 0 0 rg BT 142.55 434.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 177.27 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.55 434.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 230.04 434.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 278.09 434.10 Td (available ) Tj ET Q q 0 0 0 rg BT 316.68 434.10 Td (under ) Tj ET Q q 0 0 0 rg BT 341.95 434.10 Td (various ) Tj ET Q q 0 0 0 rg BT 373.89 434.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 399.15 434.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 436.08 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.36 434.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 467.19 434.10 Td (business ) Tj ET Q q 0 0 0 rg BT 503.58 434.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.57 410.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.23 410.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.65 410.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 159.82 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.78 410.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 207.63 410.10 Td (are ) Tj ET Q q 0 0 0 rg BT 222.36 410.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 259.31 410.10 Td (through ) Tj ET Q q 0 0 0 rg BT 292.93 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.89 410.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 352.41 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.26 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.99 410.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 398.28 410.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 423.03 410.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.99 410.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 491.66 410.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 539.73 410.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.73 398.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 109.07 398.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 148.57 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.58 398.10 Td (through ) Tj ET Q q 0 0 0 rg BT 199.25 398.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 254.02 398.10 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 307.67 398.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 328.02 398.10 Td (lease\\loan ) Tj ET Q q 0 0 0 rg BT 370.57 398.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 420.91 398.10 Td (\(often ) Tj ET Q q 0 0 0 rg BT 447.35 398.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 481.56 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.91 398.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.81 398.10 Td (securitization\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (Prudent ) Tj ET Q q 0 0 0 rg BT 83.59 386.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 120.46 386.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 138.45 386.10 Td (management ) Tj ET Q q 0 0 0 rg BT 192.52 386.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 227.71 386.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 270.12 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.54 386.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 334.97 386.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 371.84 386.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.83 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.03 386.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.01 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.32 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.74 386.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 471.39 386.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.14 386.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 513.45 386.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 548.08 386.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 86.44 374.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 124.47 374.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 169.74 374.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 195.00 374.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 231.93 374.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.64 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.92 374.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 283.01 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.29 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.01 374.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 334.94 374.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 372.72 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.00 374.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 404.93 374.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 438.54 374.10 Td (needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.13 350.10 Td (net ) Tj ET Q q 0 0 0 rg BT 83.42 350.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.27 350.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 137.34 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.19 350.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 169.60 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.90 350.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 216.31 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.16 350.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 259.67 350.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 307.72 350.10 Td (\(funds ) Tj ET Q q 0 0 0 rg BT 336.35 350.10 Td (advanced, ) Tj ET Q q 0 0 0 rg BT 379.68 350.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 426.64 350.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 452.22 350.10 Td (security ) Tj ET Q q 0 0 0 rg BT 486.95 350.10 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 525.31 350.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 72.57 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.81 338.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.15 338.10 Td (payments\) ) Tj ET Q q 0 0 0 rg BT 172.61 338.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.08 338.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 211.00 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.58 338.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 263.75 338.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 305.43 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.01 338.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.03 338.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.60 338.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 433.29 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.42 338.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 467.22 338.10 Td (Flows. ) Tj ET Q q 0 0 0 rg BT 496.98 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.58 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 517.92 338.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 81.64 326.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 129.33 326.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 172.59 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.09 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.03 326.10 Td (current ) Tj ET Q q 0 0 0 rg BT 229.06 326.10 Td (period ) Tj ET Q q 0 0 0 rg BT 257.33 326.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.92 326.10 Td (an ) Tj ET Q q 0 0 0 rg BT 291.08 326.10 Td (average ) Tj ET Q q 0 0 0 rg BT 324.88 326.10 Td (term ) Tj ET Q q 0 0 0 rg BT 345.92 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.97 326.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 417.45 326.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 430.17 326.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 467.14 326.10 Td (The ) Tj ET Q q 0 0 0 rg BT 485.41 326.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 517.55 326.10 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.65 314.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 104.10 314.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 140.57 314.10 Td (over ) Tj ET Q q 0 0 0 rg BT 160.93 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.74 314.10 Td (next ) Tj ET Q q 0 0 0 rg BT 195.55 314.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 208.14 314.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 242.68 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 263.05 314.10 Td (only ) Tj ET Q q 0 0 0 rg BT 283.42 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.45 314.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 321.93 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.30 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.11 314.10 Td (current ) Tj ET Q q 0 0 0 rg BT 378.02 314.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 418.37 314.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 449.01 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.60 314.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 469.75 314.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 497.89 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.26 314.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 539.73 314.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 302.10 Td (various ) Tj ET Q q 0 0 0 rg BT 96.79 302.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 121.81 302.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 158.50 302.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.43 302.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 200.24 302.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 227.49 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.53 302.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.12 302.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 284.81 302.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 328.15 302.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 367.90 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.00 302.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.81 302.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 412.29 302.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 452.87 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.91 302.10 Td (support ) Tj ET Q q 0 0 0 rg BT 495.17 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.65 302.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 540.24 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 302.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 81.16 290.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 128.36 290.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.26 290.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 165.60 290.10 Td (under ) Tj ET Q q 0 0 0 rg BT 190.60 290.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 232.34 290.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 273.45 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.46 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.91 290.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 352.91 290.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 399.03 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.59 290.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 431.82 290.10 Td (Flows. ) Tj ET Q q 0 0 0 rg BT 461.00 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.07 290.10 Td (This ) Tj ET Q q 0 0 0 rg BT 483.08 290.10 Td (required ) Tj ET Q q 0 0 0 rg BT 518.63 290.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (disclosure, ) Tj ET Q q 0 0 0 rg BT 95.05 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.89 278.10 Td (including ) Tj ET Q q 0 0 0 rg BT 146.17 278.10 Td (an ) Tj ET Q q 0 0 0 rg BT 158.11 278.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 204.50 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.79 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.73 278.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 263.67 278.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.62 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.90 278.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 337.84 278.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 379.23 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.17 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.90 278.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 436.17 278.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 476.44 278.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 507.26 278.10 Td (under ) Tj ET Q q 0 0 0 rg BT 532.53 278.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (category ) Tj ET Q q 0 0 0 rg BT 85.95 266.10 Td (\(Financing ) Tj ET Q q 0 0 0 rg BT 130.85 266.10 Td (Activities\) ) Tj ET Q q 0 0 0 rg BT 175.08 266.10 Td (results ) Tj ET Q q 0 0 0 rg BT 203.21 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.01 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.47 266.10 Td ('cash ) Tj ET Q q 0 0 0 rg BT 241.06 266.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 261.41 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 282.87 266.10 Td (operations' ) Tj ET Q q 0 0 0 rg BT 328.35 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.15 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.39 266.10 Td (current ) Tj ET Q q 0 0 0 rg BT 382.73 266.10 Td (period ) Tj ET Q q 0 0 0 rg BT 410.29 266.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.31 266.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.00 266.10 Td (distorted. ) Tj ET Q q 0 0 0 rg BT 475.52 266.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 529.74 266.10 Td (assesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td ('cash ) Tj ET Q q 0 0 0 rg BT 70.76 254.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.78 254.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.90 254.10 Td (operations' ) Tj ET Q q 0 0 0 rg BT 157.05 254.10 Td (by ) Tj ET Q q 0 0 0 rg BT 168.74 254.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 209.86 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.77 254.10 Td (net ) Tj ET Q q 0 0 0 rg BT 237.67 254.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.13 254.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 288.81 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.27 254.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 318.29 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.20 254.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 362.22 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.68 254.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 402.79 254.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 449.45 254.10 Td (\(funds ) Tj ET Q q 0 0 0 rg BT 476.69 254.10 Td (advanced, ) Tj ET Q q 0 0 0 rg BT 518.64 254.10 Td (origination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 74.50 242.10 Td (security ) Tj ET Q q 0 0 0 rg BT 108.66 242.10 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 146.43 242.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 186.14 242.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 208.90 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.84 242.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 263.88 242.10 Td (payments\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 218.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.38 218.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.43 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.59 218.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 173.07 218.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.55 218.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 229.60 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.31 218.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 276.14 218.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 324.42 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.47 218.10 Td (up ) Tj ET Q q 0 0 0 rg BT 348.19 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.69 218.10 Td (US$250.0 ) Tj ET Q q 0 0 0 rg BT 401.70 218.10 Td (million ) Tj ET Q q 0 0 0 rg BT 433.31 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.81 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.97 218.10 Td (US$50 ) Tj ET Q q 0 0 0 rg BT 491.48 218.10 Td (million ) Tj ET Q q 0 0 0 rg BT 523.09 218.10 Td (accordion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 79.51 206.10 Td (\(US$204.0 ) Tj ET Q q 0 0 0 rg BT 125.39 206.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.54 206.10 Td (available ) Tj ET Q q 0 0 0 rg BT 194.89 206.10 Td (based ) Tj ET Q q 0 0 0 rg BT 219.92 206.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.17 206.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 276.09 206.10 Td (base ) Tj ET Q q 0 0 0 rg BT 296.12 206.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.71 206.10 Td (at ) Tj ET Q q 0 0 0 rg BT 316.19 206.10 Td (December ) Tj ET Q q 0 0 0 rg BT 359.53 206.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 374.29 206.10 Td (2019\), ) Tj ET Q q 0 0 0 rg BT 402.38 206.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 432.97 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.01 206.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.47 206.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 521.92 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.51 206.10 Td (eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.15 194.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 95.66 194.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 145.66 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.53 194.10 Td (which ) Tj ET Q q 0 0 0 rg BT 183.50 194.10 Td (US$156.1 ) Tj ET Q q 0 0 0 rg BT 226.31 194.10 Td (million ) Tj ET Q q 0 0 0 rg BT 257.73 194.10 Td (was ) Tj ET Q q 0 0 0 rg BT 275.82 194.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 308.34 194.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.09 194.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 376.70 194.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 399.24 194.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 425.10 194.10 Td (- ) Tj ET Q q 0 0 0 rg BT 430.96 194.10 Td (US$178.7 ) Tj ET Q q 0 0 0 rg BT 473.77 194.10 Td (million\). ) Tj ET Q q 0 0 0 rg BT 511.03 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.56 194.10 Td (See ) Tj ET Q q 0 0 0 rg BT 530.53 194.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 552.50 194.10 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 55.18 182.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 73.70 182.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.04 182.10 Td (. ) Tj ET Q q 0 0 0 rg BT 106.88 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.23 182.10 Td (In ) Tj ET Q q 0 0 0 rg BT 119.91 182.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 157.52 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.09 182.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 213.32 182.10 Td (has ) Tj ET Q q 0 0 0 rg BT 229.00 182.10 Td (several ) Tj ET Q q 0 0 0 rg BT 259.66 182.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 279.78 182.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 319.89 182.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 341.13 182.10 Td (available ) Tj ET Q q 0 0 0 rg BT 379.56 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.69 182.10 Td (its ) Tj ET Q q 0 0 0 rg BT 401.48 182.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 441.59 182.10 Td (business ) Tj ET Q q 0 0 0 rg BT 477.83 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.61 182.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 524.73 182.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.60 170.10 Td (its ) Tj ET Q q 0 0 0 rg BT 75.48 170.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.70 170.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 121.46 170.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 161.39 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.29 170.10 Td (At ) Tj ET Q q 0 0 0 rg BT 175.72 170.10 Td (this ) Tj ET Q q 0 0 0 rg BT 192.61 170.10 Td (time; ) Tj ET Q q 0 0 0 rg BT 215.59 170.10 Td (however) Tj ET Q q 0 0 0 rg BT 249.62 170.10 Td (, ) Tj ET Q q 0 0 0 rg BT 254.56 170.10 Td (management ) Tj ET Q q 0 0 0 rg BT 308.08 170.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 343.28 170.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.71 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.36 170.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 415.56 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.33 170.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.75 170.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 510.63 170.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.06 170.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (Chesswood) Tj ET Q q 0 0 0 rg BT 98.39 158.10 Td (s ) Tj ET Q q 0 0 0 rg BT 104.98 158.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 130.45 158.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 161.47 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.61 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.53 158.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 219.56 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.70 158.10 Td (life ) Tj ET Q q 0 0 0 rg BT 252.73 158.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 293.75 158.10 Td (company ) Tj ET Q q 0 0 0 rg BT 333.10 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.80 158.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 387.94 158.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 428.41 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.89 158.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.92 158.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 504.84 158.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.74 158.10 Td (financially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (viable ) Tj ET Q q 0 0 0 rg BT 76.43 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.37 146.10 Td (will ) Tj ET Q q 0 0 0 rg BT 111.43 146.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 148.36 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.64 146.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 191.69 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.40 146.10 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 246.11 146.10 Td (however ) Tj ET Q q 0 0 0 rg BT 283.04 146.10 Td (there ) Tj ET Q q 0 0 0 rg BT 305.53 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 320.23 146.10 Td (no ) Tj ET Q q 0 0 0 rg BT 332.73 146.10 Td (guarantees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.15 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.03 122.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 132.44 122.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 157.87 122.10 Td (facility) Tj ET Q q 0 0 0 rg BT 185.54 122.10 Td (, ) Tj ET Q q 0 0 0 rg BT 190.70 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.57 122.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 248.79 122.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.21 122.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 310.76 122.10 Td (that ) Tj ET Q q 0 0 0 rg BT 328.42 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.29 122.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.84 122.10 Td (can ) Tj ET Q q 0 0 0 rg BT 401.38 122.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 418.48 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.91 122.10 Td (any ) Tj ET Q q 0 0 0 rg BT 446.01 122.10 Td (month ) Tj ET Q q 0 0 0 rg BT 474.23 122.10 Td (is ) Tj ET Q q 0 0 0 rg BT 483.56 122.10 Td (1/12 ) Tj ET Q q 0 0 0 rg BT 504.00 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.99 122.10 Td (90% ) Tj ET Q q 0 0 0 rg BT 535.98 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.97 122.10 Td (free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.01 110.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 89.09 110.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.50 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.46 110.10 Td (most ) Tj ET Q q 0 0 0 rg BT 137.65 110.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 171.60 110.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 215.00 110.10 Td (four ) Tj ET Q q 0 0 0 rg BT 233.40 110.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.13 110.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 304.08 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.60 110.10 Td (which ) Tj ET Q q 0 0 0 rg BT 339.79 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.75 110.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 394.38 110.10 Td (has ) Tj ET Q q 0 0 0 rg BT 409.46 110.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 443.98 110.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 464.05 110.10 Td (its ) Tj ET Q q 0 0 0 rg BT 475.24 110.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 110.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 98.10 Td (less ) Tj ET Q q 0 0 0 rg BT 111.71 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.43 98.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 145.04 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.87 98.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.81 98.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 222.50 98.10 Td (under ) Tj ET Q q 0 0 0 rg BT 247.77 98.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 278.60 98.10 Td (course ) Tj ET Q q 0 0 0 rg BT 307.20 98.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 333.03 98.10 Td (bids, ) Tj ET Q q 0 0 0 rg BT 354.70 98.10 Td (if ) Tj ET Q q 0 0 0 rg BT 363.30 98.10 Td (any) Tj ET Q q 0 0 0 rg BT 377.09 98.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.08 74.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 102.99 74.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 140.01 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.71 74.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 209.06 74.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 255.51 74.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.32 74.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 299.57 74.10 Td (is ) Tj ET Q q 0 0 0 rg BT 308.27 74.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 348.62 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.43 74.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 379.90 74.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 391.94 74.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 397.30 74.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 437.66 74.10 Td (payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.43 74.10 Td (. ) Tj ET Q q 0 0 0 rg BT 479.96 74.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 74.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 509.58 74.10 Td (see ) Tj ET Q q 0 0 0 rg BT 524.38 74.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 545.85 74.10 Td (6\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 55.02 62.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 89.98 62.10 Td (Receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.92 62.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.77 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.18 62.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.90 62.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 251.41 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.93 62.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 293.55 62.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 340.71 62.10 Td (over ) Tj ET Q q 0 0 0 rg BT 360.67 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.08 62.10 Td (same ) Tj ET Q q 0 0 0 rg BT 397.82 62.10 Td (time ) Tj ET Q q 0 0 0 rg BT 417.78 62.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 448.02 62.10 Td (See ) Tj ET Q q 0 0 0 rg BT 464.65 62.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 486.28 62.10 Td (12\(d\) ) Tj ET Q q 0 0 0 rg BT 510.13 62.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 515.65 62.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 534.17 62.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.10 Td (- ) Tj ET Q q 0 0 0 rg BT 55.33 50.10 Td (for ) Tj ET Q q 0 0 0 rg BT 69.49 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.21 50.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 116.70 50.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.53 50.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 167.23 50.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.50 50.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.78 50.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 239.71 50.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 277.20 50.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.69 50.10 Td (will ) Tj ET Q q 0 0 0 rg BT 312.75 50.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.69 50.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 356.62 50.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.90 50.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 386.61 50.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.89 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.61 50.10 Td (following ) Tj ET Q q 0 0 0 rg BT 453.00 50.10 Td (month.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I14 Do Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (19) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (iii\) ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 704.25 Td ( Market risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 81.39 683.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 99.40 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 109.08 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.31 683.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 142.32 683.25 Td (that ) Tj ET Q q 0 0 0 rg BT 160.33 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.56 683.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.45 683.25 Td (value ) Tj ET Q q 0 0 0 rg BT 217.11 683.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.46 683.25 Td (future ) Tj ET Q q 0 0 0 rg BT 255.34 683.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.12 683.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 301.36 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.70 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.15 683.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.14 683.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 403.93 683.25 Td (will ) Tj ET Q q 0 0 0 rg BT 422.50 683.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 460.49 683.25 Td (due ) Tj ET Q q 0 0 0 rg BT 477.94 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.73 683.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.95 683.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.74 683.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 79.06 671.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 111.11 671.25 Td (price ) Tj ET Q q 0 0 0 rg BT 134.28 671.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 156.35 671.25 Td (faced ) Tj ET Q q 0 0 0 rg BT 181.18 671.25 Td (by ) Tj ET Q q 0 0 0 rg BT 194.36 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.75 671.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.82 671.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 277.20 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.16 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.56 671.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 335.06 671.25 Td (price ) Tj ET Q q 0 0 0 rg BT 358.23 671.25 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 392.50 671.25 Td (common ) Tj ET Q q 0 0 0 rg BT 430.68 671.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 461.35 671.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.96 671.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 516.02 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.64 671.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (currency) Tj ET Q q 0 0 0 rg BT 83.83 659.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 633.9169921875 m 118.9482421875 633.9169921875 l s q 0 0 0 rg BT 49.50 635.25 Td (a\) T) Tj ET Q q 0 0 0 rg BT 65.34 635.25 Td (rading prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.85 623.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.23 623.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 161.91 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 172.49 623.25 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 206.38 623.25 Td (common ) Tj ET Q q 0 0 0 rg BT 244.18 623.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 271.97 623.25 Td (\(included ) Tj ET Q q 0 0 0 rg BT 312.53 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.11 623.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 345.35 623.25 Td (5\(c\) ) Tj ET Q q 0 0 0 rg BT 364.25 623.25 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 370.38 623.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 396.31 623.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.31 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.11 623.25 Td (on ) Tj ET Q q 0 0 0 rg BT 436.91 623.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.92 623.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 623.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 554.18 623.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.31 611.25 Td (Position\) ) Tj ET Q q 0 0 0 rg BT 128.03 611.25 Td (are ) Tj ET Q q 0 0 0 rg BT 142.83 611.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 183.75 611.25 Td (at ) Tj ET Q q 0 0 0 rg BT 193.56 611.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.04 611.25 Td (value ) Tj ET Q q 0 0 0 rg BT 234.30 611.25 Td (at ) Tj ET Q q 0 0 0 rg BT 244.11 611.25 Td (each ) Tj ET Q q 0 0 0 rg BT 265.03 611.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 304.28 611.25 Td (date ) Tj ET Q q 0 0 0 rg BT 323.53 611.25 Td (with ) Tj ET Q q 0 0 0 rg BT 343.91 611.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 378.72 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.10 611.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 405.57 611.25 Td (value ) Tj ET Q q 0 0 0 rg BT 429.83 611.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 476.29 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.67 611.25 Td (net ) Tj ET Q q 0 0 0 rg BT 501.48 611.25 Td (income ) Tj ET Q q 0 0 0 rg BT 533.51 611.25 Td (or ) Tj ET Q q 0 0 0 rg BT 544.44 611.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 565.00 611.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.49 599.25 Td (value ) Tj ET Q q 0 0 0 rg BT 93.02 599.25 Td (is ) Tj ET Q q 0 0 0 rg BT 102.57 599.25 Td (based ) Tj ET Q q 0 0 0 rg BT 128.22 599.25 Td (on ) Tj ET Q q 0 0 0 rg BT 141.10 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.20 599.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 187.40 599.25 Td (price ) Tj ET Q q 0 0 0 rg BT 210.27 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.48 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.58 599.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 264.45 599.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.33 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.21 599.25 Td (T) Tj ET Q q 0 0 0 rg BT 297.62 599.25 Td (oronto ) Tj ET Q q 0 0 0 rg BT 326.61 599.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 352.27 599.25 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 397.07 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 399.75 599.25 Td (Therefore ) Tj ET Q q 0 0 0 rg BT 442.04 599.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 477.13 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.78 599.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 518.99 599.25 Td (price ) Tj ET Q q 0 0 0 rg BT 541.85 599.25 Td (has ) Tj ET Q q 0 0 0 rg BT 558.06 599.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 74.76 587.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 104.48 587.25 Td (on ) Tj ET Q q 0 0 0 rg BT 116.98 587.25 Td (net ) Tj ET Q q 0 0 0 rg BT 131.69 587.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 157.52 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.46 587.25 Td (net ) Tj ET Q q 0 0 0 rg BT 189.18 587.25 Td (income ) Tj ET Q q 0 0 0 rg BT 221.11 587.25 Td (or ) Tj ET Q q 0 0 0 rg BT 231.94 587.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 252.50 587.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.82 587.25 Td (The ) Tj ET Q q 0 0 0 rg BT 272.87 587.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.26 587.25 Td (does ) Tj ET Q q 0 0 0 rg BT 335.09 587.25 Td (not ) Tj ET Q q 0 0 0 rg BT 350.36 587.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 376.74 587.25 Td (this ) Tj ET Q q 0 0 0 rg BT 393.69 587.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.07 587.25 Td (value ) Tj ET Q q 0 0 0 rg BT 434.22 587.25 Td (price ) Tj ET Q q 0 0 0 rg BT 456.71 587.25 Td (exposure. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 561.9169921875 m 129.1142578125 561.9169921875 l s q 0 0 0 rg BT 49.50 563.25 Td (b\) Inter) Tj ET Q q 0 0 0 rg BT 79.40 563.25 Td (est rate risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.39 551.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 101.16 551.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 149.47 551.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.02 551.25 Td (written ) Tj ET Q q 0 0 0 rg BT 196.69 551.25 Td (at ) Tj ET Q q 0 0 0 rg BT 207.25 551.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 231.14 551.25 Td (ef) Tj ET Q q 0 0 0 rg BT 238.73 551.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.28 551.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.05 551.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 326.53 551.25 Td (T) Tj ET Q q 0 0 0 rg BT 331.94 551.25 Td (o ) Tj ET Q q 0 0 0 rg BT 340.29 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.85 551.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 383.63 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.19 551.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 441.42 551.25 Td (finances ) Tj ET Q q 0 0 0 rg BT 478.08 551.25 Td (its ) Tj ET Q q 0 0 0 rg BT 490.87 551.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 514.76 551.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 533.09 551.25 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 97.06 539.25 Td (with ) Tj ET Q q 0 0 0 rg BT 117.43 539.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 151.12 539.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 168.70 539.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 196.01 539.25 Td (there ) Tj ET Q q 0 0 0 rg BT 218.58 539.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.84 539.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 266.53 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.90 539.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 326.70 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.06 539.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 369.09 539.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 390.55 539.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.47 539.25 Td (that ) Tj ET Q q 0 0 0 rg BT 429.06 539.25 Td (an ) Tj ET Q q 0 0 0 rg BT 441.09 539.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 476.43 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.80 539.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 518.82 539.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 540.29 539.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (narrow ) Tj ET Q q 0 0 0 rg BT 80.99 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 527.25 Td (mar) Tj ET Q q 0 0 0 rg BT 111.74 527.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 127.69 527.25 Td (between ) Tj ET Q q 0 0 0 rg BT 164.17 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.56 527.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 202.72 527.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.89 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.50 527.25 Td (lease/loan ) Tj ET Q q 0 0 0 rg BT 266.65 527.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 310.90 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.50 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.89 527.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.49 527.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.65 527.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 415.03 527.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.20 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.59 527.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 485.64 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.59 527.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 529.18 527.25 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 81.15 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.65 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.97 515.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.02 515.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.40 515.25 Td (elects ) Tj ET Q q 0 0 0 rg BT 170.67 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.95 515.25 Td (lock ) Tj ET Q q 0 0 0 rg BT 200.66 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.94 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.66 515.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 262.04 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.87 515.25 Td (its ) Tj ET Q q 0 0 0 rg BT 284.82 515.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 310.08 515.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 340.90 515.25 Td (at ) Tj ET Q q 0 0 0 rg BT 350.62 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.33 515.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 397.83 515.25 Td (based ) Tj ET Q q 0 0 0 rg BT 423.10 515.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 455.04 515.25 Td (rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.46 491.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.77 491.25 Td (table ) Tj ET Q q 0 0 0 rg BT 130.62 491.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 165.80 491.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.66 491.25 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 216.19 491.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 250.82 491.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.90 491.25 Td (a ) Tj ET Q q 0 0 0 rg BT 271.76 491.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 316.93 491.25 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 362.66 491.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.86 491.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.71 491.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 426.00 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.86 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.49 491.25 Td (ef) Tj ET Q q 0 0 0 rg BT 465.08 491.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 482.48 491.25 Td (on ) Tj ET Q q 0 0 0 rg BT 494.90 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.53 491.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 550.84 491.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 479.25 Td (years ) Tj ET Q q 0 0 0 rg BT 87.82 479.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.19 479.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 172.78 479.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 195.28 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.21 479.25 Td (2018: ) Tj ET Q q 0 0 0 rg BT 237.49 479.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 438.75 m 354 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 438.75 m 418 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 438.75 m 494 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 438.75 m 562 438.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.70 458.42 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.65 443.43 Td (December) Tj ET Q q 0 0 0 rg BT 356.77 443.43 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.20 443.42 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.45 429.32 Td (+100bps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.10 429.32 Td (-100bps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.95 429.32 Td (+100bps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.10 429.32 Td (-100bps) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 404.10 417.00 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.42 Td (Increase \(decrease\) in interest expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.50 402.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.65 402.43 Td (2,503) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.50 402.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.30 402.48 Td (\(2,503) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.15 402.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 402.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 402.42 Td (3,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 402.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 402.47 Td (\(3,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 402.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.42 Td (Increase \(decrease\) in net income and equity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.50 387.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.30 387.48 Td (\(1,787) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 350.15 387.43 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.50 387.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 387.43 Td (1,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 387.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 387.47 Td (\(2,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 387.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 387.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 387.42 Td (2,240) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 357.9169921875 m 156.7802734375 357.9169921875 l s q 0 0 0 rg BT 49.50 359.25 Td (c\) For) Tj ET Q q 0 0 0 rg BT 81.90 359.25 Td (eign curr) Tj ET Q q 0 0 0 rg BT 118.46 359.25 Td (ency risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.26 347.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.36 347.25 Td (is ) Tj ET Q q 0 0 0 rg BT 117.24 347.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 152.23 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.22 347.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 211.64 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.63 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.06 347.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 256.06 347.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 281.60 347.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 321.57 347.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 338.77 347.25 Td (because ) Tj ET Q q 0 0 0 rg BT 372.62 347.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 417.05 347.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 457.03 347.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 477.01 347.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 509.22 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.64 347.25 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 58.81 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 72.55 335.25 Td (United ) Tj ET Q q 0 0 0 rg BT 101.30 335.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 129.21 335.25 Td (while ) Tj ET Q q 0 0 0 rg BT 152.96 335.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 193.37 335.25 Td (are ) Tj ET Q q 0 0 0 rg BT 207.11 335.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 225.85 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.16 335.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 287.22 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.53 335.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 335.82 335.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 367.07 335.25 Td (For ) Tj ET Q q 0 0 0 rg BT 382.49 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.23 335.25 Td (year) Tj ET Q q 0 0 0 rg BT 413.24 335.25 Td (-ended ) Tj ET Q q 0 0 0 rg BT 441.98 335.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.59 335.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 523.62 335.25 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.22 323.25 Td (totaled ) Tj ET Q q 0 0 0 rg BT 98.93 323.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.93 323.25 Td (14.9 ) Tj ET Q q 0 0 0 rg BT 123.93 323.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.82 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.32 323.25 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 181.15 323.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.98 323.25 Td ($15.1 ) Tj ET Q q 0 0 0 rg BT 211.98 323.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.87 323.25 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.19 299.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.21 299.25 Td (table ) Tj ET Q q 0 0 0 rg BT 129.79 299.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 164.70 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.27 299.25 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 214.53 299.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 248.89 299.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.69 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.26 299.25 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 320.83 299.25 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 366.29 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.21 299.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.14 299.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 421.60 299.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 461.49 299.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 482.51 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.09 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.45 299.25 Td (ef) Tj ET Q q 0 0 0 rg BT 521.04 299.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 538.16 299.25 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 299.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 287.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.72 287.25 Td (at ) Tj ET Q q 0 0 0 rg BT 111.43 287.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.02 287.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 192.52 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.46 287.25 Td (2018: ) Tj ET Q q 0 0 0 rg BT 234.73 287.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 251.75 m 561 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 251.75 m 471 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 251.75 m 561 251.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.35 266.43 Td (December) Tj ET Q q 0 0 0 rg BT 452.48 266.43 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.50 256.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 266.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 256.42 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 453.10 243.00 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 228.42 Td (Y) Tj ET Q q 0 0 0 rg BT 157.22 228.42 Td (ear) Tj ET Q q 0 0 0 rg BT 168.83 228.42 Td (-end exchange rate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.65 228.43 Td (1.2988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 228.42 Td (1.3642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 204.42 Td (U.S. denominated net assets in U.S.$ held in Canada) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 204.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 204.43 Td (1,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 204.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 204.42 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 189.42 Td (Ef) Tj ET Q q 0 0 0 rg BT 159.76 189.42 Td (fect of a 10% increase or decrease in the Canadian/U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 179.42 Td (dollar on U.S. denominated net assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 179.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.15 179.43 Td (213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 179.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 179.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.25 Td ( ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I15 Do Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 691.75 Td (5. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 691.75 Td (OTHER ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 86.91 691.75 Td (ASSETS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 644.25 m 472 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 644.25 m 561 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 526.25 m 472 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 526.25 m 561 526.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 496.25 m 472 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 496.25 m 472 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 481.25 m 472 481.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 496.25 m 561 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 481.25 m 561 481.25 l s BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 410.35 658.93 Td (December) Tj ET Q q 0 0 0 rg BT 453.48 658.93 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 648.93 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 658.92 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 648.92 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.10 635.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 620.92 Td (Property tax receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 620.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 620.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 620.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 620.92 Td (782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 605.92 Td (T) Tj ET Q q 0 0 0 rg BT 150.26 605.92 Td (ax receivable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 605.93 Td (5,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 605.92 Td (991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 590.92 Td (Sales tax receivable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.15 590.93 Td (558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 590.92 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 575.92 Td (Prepaid expenses and other current assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 575.93 Td (1,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 575.92 Td (1,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 560.92 Td (Loan receivable - EcoHome) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.50 560.50 Td (a) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 560.93 Td (2,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 560.92 Td (4,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 545.92 Td (Common shares - Dealnet) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.50 545.50 Td (b) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.15 545.93 Td (483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 545.92 Td (453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 530.92 Td (Legal finance receivables \(net of allowance\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.70 530.50 Td (c) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.15 530.93 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 530.92 Td (1,852) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.50 515.93 Td (Other) Tj ET Q q 0 0 0 rg BT 169.87 515.93 Td ( assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.65 515.93 Td (1) Tj ET Q q 0 0 0 rg BT 445.65 515.93 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 515.92 Td (10,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 500.92 Td (Current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 500.92 Td (10,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 500.92 Td (6,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 485.92 Td (Long-term portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 485.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 485.92 Td (790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 485.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 485.92 Td (4,073) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.75 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 63.73 433.75 Td (Loan ) Tj ET Q q 0 0 0 rg BT 87.41 433.75 Td (receivable ) Tj ET Q q 0 0 0 rg BT 131.63 433.75 Td (- ) Tj ET Q q 0 0 0 rg BT 138.09 433.75 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 181.21 433.75 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.67 433.75 Td (On ) Tj ET Q q 0 0 0 rg BT 203.03 433.75 Td (February ) Tj ET Q q 0 0 0 rg BT 242.26 433.75 Td (18, ) Tj ET Q q 0 0 0 rg BT 257.89 433.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 283.53 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 433.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.90 433.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 360.70 433.75 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 403.82 433.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 444.17 433.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 462.57 433.75 Td (\("EcoHome"\) ) Tj ET Q q 0 0 0 rg BT 520.51 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 531.43 433.75 Td (Dealnet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 81.05 421.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 106.22 421.75 Td (\("Dealnet"\). ) Tj ET Q q 0 0 0 rg BT 157.12 421.75 Td (The ) Tj ET Q q 0 0 0 rg BT 175.34 421.75 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.23 421.75 Td (represented ) Tj ET Q q 0 0 0 rg BT 243.98 421.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.87 421.75 Td (inter) Tj ET Q q 0 0 0 rg BT 276.99 421.75 Td (-company ) Tj ET Q q 0 0 0 rg BT 319.65 421.75 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 365.08 421.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 398.86 421.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.31 421.75 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 451.96 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 462.96 421.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 489.51 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 506.62 421.75 Td (loans ) Tj ET Q q 0 0 0 rg BT 530.40 421.75 Td (that ) Tj ET Q q 0 0 0 rg BT 548.07 421.75 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.75 Td (not ) Tj ET Q q 0 0 0 rg BT 64.29 409.75 Td (yet ) Tj ET Q q 0 0 0 rg BT 78.52 409.75 Td (been ) Tj ET Q q 0 0 0 rg BT 99.41 409.75 Td (securitized ) Tj ET Q q 0 0 0 rg BT 144.74 409.75 Td (with ) Tj ET Q q 0 0 0 rg BT 164.53 409.75 Td (EcoHome ) Tj ET Q q 0 0 0 rg BT 206.53 409.75 Td (funders ) Tj ET Q q 0 0 0 rg BT 238.54 409.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 259.99 409.75 Td (to ) Tj ET Q q 0 0 0 rg BT 269.78 409.75 Td (the ) Tj ET Q q 0 0 0 rg BT 284.01 409.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 301.57 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 311.92 409.75 Td (EcoHome. ) Tj ET Q q 0 0 0 rg BT 356.27 409.75 Td (The ) Tj ET Q q 0 0 0 rg BT 373.83 409.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 393.06 409.75 Td (receivable ) Tj ET Q q 0 0 0 rg BT 436.16 409.75 Td (is ) Tj ET Q q 0 0 0 rg BT 444.84 409.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 477.39 409.75 Td (by ) Tj ET Q q 0 0 0 rg BT 489.41 409.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 522.51 409.75 Td (EcoHome ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 75.78 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 92.62 397.75 Td (loans ) Tj ET Q q 0 0 0 rg BT 116.12 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.96 397.75 Td (a ) Tj ET Q q 0 0 0 rg BT 139.80 397.75 Td (general ) Tj ET Q q 0 0 0 rg BT 171.62 397.75 Td (security ) Tj ET Q q 0 0 0 rg BT 205.68 397.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 249.72 397.75 Td (over ) Tj ET Q q 0 0 0 rg BT 269.89 397.75 Td (all ) Tj ET Q q 0 0 0 rg BT 282.28 397.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.90 397.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.63 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 333.36 397.75 Td (EcoHome. ) Tj ET Q q 0 0 0 rg BT 378.25 397.75 Td ( ) Tj ET Q q 0 0 0 rg BT 380.47 397.75 Td (The ) Tj ET Q q 0 0 0 rg BT 398.42 397.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 418.04 397.75 Td (matures ) Tj ET Q q 0 0 0 rg BT 452.09 397.75 Td (in ) Tj ET Q q 0 0 0 rg BT 462.27 397.75 Td (October ) Tj ET Q q 0 0 0 rg BT 496.88 397.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 521.78 397.75 Td (with ) Tj ET Q q 0 0 0 rg BT 541.95 397.75 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.75 Td (monthly ) Tj ET Q q 0 0 0 rg BT 86.02 385.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 124.75 385.75 Td (payments, ) Tj ET Q q 0 0 0 rg BT 168.76 385.75 Td (and ) Tj ET Q q 0 0 0 rg BT 186.38 385.75 Td (related ) Tj ET Q q 0 0 0 rg BT 216.77 385.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.39 385.75 Td (based ) Tj ET Q q 0 0 0 rg BT 275.35 385.75 Td (on ) Tj ET Q q 0 0 0 rg BT 288.53 385.75 Td (a ) Tj ET Q q 0 0 0 rg BT 296.16 385.75 Td (floating ) Tj ET Q q 0 0 0 rg BT 330.45 385.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.07 385.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 381.24 385.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 401.09 385.75 Td (a ) Tj ET Q q 0 0 0 rg BT 408.72 385.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 432.45 385.75 Td (mar) Tj ET Q q 0 0 0 rg BT 447.82 385.75 Td (gin. ) Tj ET Q q 0 0 0 rg BT 466.28 385.75 Td ( ) Tj ET Q q 0 0 0 rg BT 469.47 385.75 Td ( ) Tj ET Q q 0 0 0 rg BT 472.42 385.75 Td (The ) Tj ET Q q 0 0 0 rg BT 491.16 385.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.56 385.75 Td (receivable ) Tj ET Q q 0 0 0 rg BT 555.82 385.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.75 Td (carried ) Tj ET Q q 0 0 0 rg BT 79.86 373.75 Td (at ) Tj ET Q q 0 0 0 rg BT 89.68 373.75 Td (amortized ) Tj ET Q q 0 0 0 rg BT 132.26 373.75 Td (cost. ) Tj ET Q q 0 0 0 rg BT 152.90 373.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 373.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 224.18 373.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.18 373.75 Td ( ) Tj ET Q q 0 0 0 rg BT 246.79 373.75 Td (and ) Tj ET Q q 0 0 0 rg BT 263.83 373.75 Td (December ) Tj ET Q q 0 0 0 rg BT 307.51 373.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 322.62 373.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 347.72 373.75 Td (it ) Tj ET Q q 0 0 0 rg BT 355.88 373.75 Td (was ) Tj ET Q q 0 0 0 rg BT 374.03 373.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 421.62 373.75 Td (no ) Tj ET Q q 0 0 0 rg BT 434.22 373.75 Td (material ) Tj ET Q q 0 0 0 rg BT 469.58 373.75 Td (allowance ) Tj ET Q q 0 0 0 rg BT 512.71 373.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.98 373.75 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.76 361.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 101.16 361.75 Td (was ) Tj ET Q q 0 0 0 rg BT 119.21 361.75 Td (required. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 63.18 337.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 102.43 337.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 129.45 337.75 Td (- ) Tj ET Q q 0 0 0 rg BT 134.80 337.75 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 167.92 337.75 Td (- ) Tj ET Q q 0 0 0 rg BT 173.27 337.75 Td (as ) Tj ET Q q 0 0 0 rg BT 183.62 337.75 Td (partial ) Tj ET Q q 0 0 0 rg BT 211.19 337.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 267.08 337.75 Td (for ) Tj ET Q q 0 0 0 rg BT 280.76 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 295.00 337.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 312.57 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.93 337.75 Td (EcoHome, ) Tj ET Q q 0 0 0 rg BT 367.44 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 381.68 337.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 422.58 337.75 Td (received ) Tj ET Q q 0 0 0 rg BT 458.47 337.75 Td (6,039,689 ) Tj ET Q q 0 0 0 rg BT 500.49 337.75 Td (common ) Tj ET Q q 0 0 0 rg BT 537.51 337.75 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 325.75 Td (Dealnet. ) Tj ET Q q 0 0 0 rg BT 96.23 325.75 Td ( ) Tj ET Q q 0 0 0 rg BT 98.45 325.75 Td (The ) Tj ET Q q 0 0 0 rg BT 116.40 325.75 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 149.90 325.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 177.29 325.75 Td (are ) Tj ET Q q 0 0 0 rg BT 191.90 325.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 232.61 325.75 Td (at ) Tj ET Q q 0 0 0 rg BT 242.23 325.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 258.51 325.75 Td (value ) Tj ET Q q 0 0 0 rg BT 282.57 325.75 Td (through ) Tj ET Q q 0 0 0 rg BT 316.08 325.75 Td (net ) Tj ET Q q 0 0 0 rg BT 330.70 325.75 Td (income ) Tj ET Q q 0 0 0 rg BT 362.53 325.75 Td (or ) Tj ET Q q 0 0 0 rg BT 373.26 325.75 Td (loss. ) Tj ET Q q 0 0 0 rg BT 393.72 325.75 Td ( ) Tj ET Q q 0 0 0 rg BT 395.95 325.75 Td (The ) Tj ET Q q 0 0 0 rg BT 413.90 325.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.18 325.75 Td (value ) Tj ET Q q 0 0 0 rg BT 454.24 325.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 497.17 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.79 325.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 542.52 325.75 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.75 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 313.75 Td (each ) Tj ET Q q 0 0 0 rg BT 80.03 313.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 119.19 313.75 Td (date. ) Tj ET Q q 0 0 0 rg BT 140.84 313.75 Td ( ) Tj ET Q q 0 0 0 rg BT 143.34 313.75 Td (Dealnet ) Tj ET Q q 0 0 0 rg BT 176.94 313.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.43 313.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 226.91 313.75 Td (on ) Tj ET Q q 0 0 0 rg BT 239.41 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.95 313.75 Td (TSX ) Tj ET Q q 0 0 0 rg BT 275.16 313.75 Td (V) Tj ET Q q 0 0 0 rg BT 281.27 313.75 Td (enture ) Tj ET Q q 0 0 0 rg BT 308.76 313.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 350.68 313.75 Td (under ) Tj ET Q q 0 0 0 rg BT 375.95 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 313.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.28 313.75 Td (symbol ) Tj ET Q q 0 0 0 rg BT 446.22 313.75 Td ("DLS".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.75 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.47 289.75 Td (Legal ) Tj ET Q q 0 0 0 rg BT 87.11 289.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 118.40 289.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 165.24 289.75 Td (\(net ) Tj ET Q q 0 0 0 rg BT 182.66 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 192.86 289.75 Td (allowance\) ) Tj ET Q q 0 0 0 rg BT 238.60 289.75 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.80 289.75 Td (On ) Tj ET Q q 0 0 0 rg BT 257.89 289.75 Td (February ) Tj ET Q q 0 0 0 rg BT 295.86 289.75 Td (3, ) Tj ET Q q 0 0 0 rg BT 305.23 289.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 329.61 289.75 Td (Case ) Tj ET Q q 0 0 0 rg BT 350.92 289.75 Td (Funding ) Tj ET Q q 0 0 0 rg BT 386.13 289.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 404.67 289.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.74 289.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 458.94 289.75 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 289.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 518.78 289.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.43 289.75 Td (a ) Tj ET Q q 0 0 0 rg BT 534.74 289.75 Td (private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.46 277.75 Td (firm. ) Tj ET Q q 0 0 0 rg BT 98.14 277.75 Td ( ) Tj ET Q q 0 0 0 rg BT 100.10 277.75 Td (Case ) Tj ET Q q 0 0 0 rg BT 121.51 277.75 Td (Funding ) Tj ET Q q 0 0 0 rg BT 156.81 277.75 Td (retained ) Tj ET Q q 0 0 0 rg BT 190.98 277.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 250.70 277.75 Td ($9.4 ) Tj ET Q q 0 0 0 rg BT 270.17 277.75 Td (million ) Tj ET Q q 0 0 0 rg BT 301.02 277.75 Td (in ) Tj ET Q q 0 0 0 rg BT 310.76 277.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 342.15 277.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 389.09 277.75 Td (with ) Tj ET Q q 0 0 0 rg BT 408.83 277.75 Td (a ) Tj ET Q q 0 0 0 rg BT 415.23 277.75 Td (current ) Tj ET Q q 0 0 0 rg BT 445.51 277.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 478.01 277.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 277.75 Td ($907,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 277.75 Td ( ) Tj ET Q q 0 0 0 rg BT 527.77 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 544.17 277.75 Td (pays ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.75 Td (a ) Tj ET Q q 0 0 0 rg BT 56.82 265.75 Td (servicing ) Tj ET Q q 0 0 0 rg BT 96.35 265.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 111.44 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.64 265.75 Td (5% ) Tj ET Q q 0 0 0 rg BT 138.85 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 265.75 Td (collections ) Tj ET Q q 0 0 0 rg BT 196.26 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 206.92 265.75 Td (administer ) Tj ET Q q 0 0 0 rg BT 252.01 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.10 265.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 310.52 265.75 Td (portfolio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.69 265.75 Td (The ) Tj ET Q q 0 0 0 rg BT 369.11 265.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 408.09 265.75 Td (are ) Tj ET Q q 0 0 0 rg BT 423.17 265.75 Td (due ) Tj ET Q q 0 0 0 rg BT 440.49 265.75 Td (when ) Tj ET Q q 0 0 0 rg BT 465.03 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.12 265.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 526.33 265.75 Td (cases ) Tj ET Q q 0 0 0 rg BT 550.30 265.75 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.75 Td (settled ) Tj ET Q q 0 0 0 rg BT 78.22 253.75 Td (which ) Tj ET Q q 0 0 0 rg BT 105.27 253.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 134.54 253.75 Td (be ) Tj ET Q q 0 0 0 rg BT 146.59 253.75 Td (known ) Tj ET Q q 0 0 0 rg BT 176.43 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 193.48 253.75 Td (is ) Tj ET Q q 0 0 0 rg BT 202.76 253.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 241.46 253.75 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 284.89 253.75 Td ( ) Tj ET Q q 0 0 0 rg BT 287.51 253.75 Td ( ) Tj ET Q q 0 0 0 rg BT 290.12 253.75 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 319.38 253.75 Td (f ) Tj ET Q q 0 0 0 rg BT 325.33 253.75 Td (advances ) Tj ET Q q 0 0 0 rg BT 364.59 253.75 Td (are ) Tj ET Q q 0 0 0 rg BT 379.41 253.75 Td (made ) Tj ET Q q 0 0 0 rg BT 403.68 253.75 Td (on ) Tj ET Q q 0 0 0 rg BT 416.29 253.75 Td (a ) Tj ET Q q 0 0 0 rg BT 423.34 253.75 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 478.15 253.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 503.27 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 520.32 253.75 Td (repayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 85.68 241.75 Td (on ) Tj ET Q q 0 0 0 rg BT 99.08 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 241.75 Td (success ) Tj ET Q q 0 0 0 rg BT 148.11 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 165.96 241.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 204.35 241.75 Td (size ) Tj ET Q q 0 0 0 rg BT 223.31 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.05 241.75 Td (respective ) Tj ET Q q 0 0 0 rg BT 278.99 241.75 Td (claims. ) Tj ET Q q 0 0 0 rg BT 311.00 241.75 Td ( ) Tj ET Q q 0 0 0 rg BT 314.16 241.75 Td (The ) Tj ET Q q 0 0 0 rg BT 333.12 241.75 Td (current ) Tj ET Q q 0 0 0 rg BT 364.84 241.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 397.13 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 408.87 241.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 431.71 241.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 464.55 241.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 512.93 241.75 Td (is ) Tj ET Q q 0 0 0 rg BT 523.00 241.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.74 241.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.75 Td (estimation. ) Tj ET Q q 0 0 0 rg BT 96.35 229.75 Td ( ) Tj ET Q q 0 0 0 rg BT 99.04 229.75 Td (Case ) Tj ET Q q 0 0 0 rg BT 121.17 229.75 Td (Funding's ) Tj ET Q q 0 0 0 rg BT 162.89 229.75 Td (net ) Tj ET Q q 0 0 0 rg BT 177.80 229.75 Td (results ) Tj ET Q q 0 0 0 rg BT 206.59 229.75 Td (are ) Tj ET Q q 0 0 0 rg BT 221.49 229.75 Td (included ) Tj ET Q q 0 0 0 rg BT 258.61 229.75 Td (in ) Tj ET Q q 0 0 0 rg BT 269.08 229.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 294.54 229.75 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 335.83 229.75 Td ( ) Tj ET Q q 0 0 0 rg BT 338.32 229.75 Td (These ) Tj ET Q q 0 0 0 rg BT 364.89 229.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 412.55 229.75 Td (were ) Tj ET Q q 0 0 0 rg BT 434.67 229.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 475.67 229.75 Td (as ) Tj ET Q q 0 0 0 rg BT 486.69 229.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 512.71 229.75 Td (held ) Tj ET Q q 0 0 0 rg BT 532.62 229.75 Td (for ) Tj ET Q q 0 0 0 rg BT 546.97 229.75 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.75 Td (at ) Tj ET Q q 0 0 0 rg BT 59.44 217.75 Td (December ) Tj ET Q q 0 0 0 rg BT 103.25 217.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.47 217.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 141.20 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 158.36 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.30 217.75 Td (results ) Tj ET Q q 0 0 0 rg BT 202.14 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 213.19 217.75 Td (their ) Tj ET Q q 0 0 0 rg BT 234.24 217.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 287.49 217.75 Td (was ) Tj ET Q q 0 0 0 rg BT 305.76 217.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 346.25 217.75 Td (as ) Tj ET Q q 0 0 0 rg BT 357.31 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 364.47 217.75 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 418.30 217.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 458.79 217.75 Td (for ) Tj ET Q q 0 0 0 rg BT 473.17 217.75 Td (that ) Tj ET Q q 0 0 0 rg BT 490.89 217.75 Td (year) Tj ET Q q 0 0 0 rg BT 507.55 217.75 Td (. ) Tj ET Q q 0 0 0 rg BT 512.57 217.75 Td (These ) Tj ET Q q 0 0 0 rg BT 539.18 217.75 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.75 Td (are ) Tj ET Q q 0 0 0 rg BT 64.26 205.75 Td (still ) Tj ET Q q 0 0 0 rg BT 81.82 205.75 Td (available ) Tj ET Q q 0 0 0 rg BT 120.47 205.75 Td (for ) Tj ET Q q 0 0 0 rg BT 134.69 205.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 152.79 205.75 Td (but ) Tj ET Q q 0 0 0 rg BT 168.12 205.75 Td (no ) Tj ET Q q 0 0 0 rg BT 180.68 205.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 208.78 205.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 230.77 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.54 205.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 276.41 205.75 Td (for ) Tj ET Q q 0 0 0 rg BT 290.63 205.75 Td (separate ) Tj ET Q q 0 0 0 rg BT 325.94 205.75 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 379.68 205.75 Td (The ) Tj ET Q q 0 0 0 rg BT 397.78 205.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 445.31 205.75 Td (do ) Tj ET Q q 0 0 0 rg BT 457.87 205.75 Td (not ) Tj ET Q q 0 0 0 rg BT 473.20 205.75 Td (qualify ) Tj ET Q q 0 0 0 rg BT 504.08 205.75 Td (as ) Tj ET Q q 0 0 0 rg BT 514.97 205.75 Td (a ) Tj ET Q q 0 0 0 rg BT 521.96 205.75 Td (reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.75 Td (segment ) Tj ET Q q 0 0 0 rg BT 85.33 193.75 Td (- ) Tj ET Q q 0 0 0 rg BT 91.16 193.75 Td (see ) Tj ET Q q 0 0 0 rg BT 106.42 193.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 128.36 193.75 Td (26 ) Tj ET Q q 0 0 0 rg BT 140.86 193.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 146.69 193.75 Td (Segment ) Tj ET Q q 0 0 0 rg BT 183.07 193.75 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.85 193.75 Td (.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I16 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 157.75 Td (6. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 157.75 Td (FINANCE RECEIV) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 133.21 157.75 Td (ABLES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 133.75 Td (The ) Tj ET Q q 0 0 0 rg BT 66.98 133.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.81 133.75 Td (finances ) Tj ET Q q 0 0 0 rg BT 143.06 133.75 Td (its ) Tj ET Q q 0 0 0 rg BT 154.44 133.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 180.25 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 196.63 133.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 215.78 133.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 262.69 133.75 Td (by ) Tj ET Q q 0 0 0 rg BT 274.62 133.75 Td (pledging ) Tj ET Q q 0 0 0 rg BT 311.56 133.75 Td (such ) Tj ET Q q 0 0 0 rg BT 331.82 133.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 378.73 133.75 Td (as ) Tj ET Q q 0 0 0 rg BT 388.99 133.75 Td (security ) Tj ET Q q 0 0 0 rg BT 422.59 133.75 Td (for ) Tj ET Q q 0 0 0 rg BT 436.18 133.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 472.00 133.75 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 512.26 133.75 Td (from ) Tj ET Q q 0 0 0 rg BT 533.64 133.75 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.75 Td (under ) Tj ET Q q 0 0 0 rg BT 74.81 121.75 Td (various ) Tj ET Q q 0 0 0 rg BT 106.79 121.75 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 146.26 121.75 Td (as ) Tj ET Q q 0 0 0 rg BT 157.14 121.75 Td (described ) Tj ET Q q 0 0 0 rg BT 198.00 121.75 Td (in ) Tj ET Q q 0 0 0 rg BT 208.32 121.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 230.30 121.75 Td (12 ) Tj ET Q q 0 0 0 rg BT 242.84 121.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.71 121.75 Td (Borr) Tj ET Q q 0 0 0 rg BT 267.24 121.75 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.58 121.75 Td (. ) Tj ET Q q 0 0 0 rg BT 300.62 121.75 Td ( ) Tj ET Q q 0 0 0 rg BT 302.98 121.75 Td (The ) Tj ET Q q 0 0 0 rg BT 321.07 121.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 352.49 121.75 Td (have ) Tj ET Q q 0 0 0 rg BT 373.91 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.67 121.75 Td (right ) Tj ET Q q 0 0 0 rg BT 410.10 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 420.42 121.75 Td (enforce ) Tj ET Q q 0 0 0 rg BT 452.94 121.75 Td (their ) Tj ET Q q 0 0 0 rg BT 473.80 121.75 Td (security ) Tj ET Q q 0 0 0 rg BT 508.00 121.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 539.98 121.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 121.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.75 Td (pledged ) Tj ET Q q 0 0 0 rg BT 83.71 109.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 106.24 109.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.23 109.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 143.00 109.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 190.52 109.75 Td (if ) Tj ET Q q 0 0 0 rg BT 199.18 109.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.95 109.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.39 109.75 Td (defaults ) Tj ET Q q 0 0 0 rg BT 289.60 109.75 Td (under ) Tj ET Q q 0 0 0 rg BT 314.92 109.75 Td (these ) Tj ET Q q 0 0 0 rg BT 338.01 109.75 Td (facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.31 109.75 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 421.77 109.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.54 109.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 477.98 109.75 Td (retains ) Tj ET Q q 0 0 0 rg BT 507.19 109.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 551.40 109.75 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.75 Td (some ) Tj ET Q q 0 0 0 rg BT 73.07 97.75 Td (cases ) Tj ET Q q 0 0 0 rg BT 96.64 97.75 Td (through ) Tj ET Q q 0 0 0 rg BT 130.21 97.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 183.22 97.75 Td (SPE's\) ) Tj ET Q q 0 0 0 rg BT 211.94 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.84 97.75 Td (servicing ) Tj ET Q q 0 0 0 rg BT 267.96 97.75 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 330.98 97.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.77 97.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.45 97.75 Td (pledged ) Tj ET Q q 0 0 0 rg BT 390.57 97.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 413.02 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.93 97.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 449.61 97.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 497.04 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 513.95 97.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 554.74 97.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.75 Td (recognize ) Tj ET Q q 0 0 0 rg BT 90.85 85.75 Td (them ) Tj ET Q q 0 0 0 rg BT 113.34 85.75 Td (on ) Tj ET Q q 0 0 0 rg BT 125.83 85.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.54 85.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.57 85.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 234.39 85.75 Td (of ) Tj ET Q q 0 0 0 rg BT 245.21 85.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.68 85.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 319.90 85.75 Td (None ) Tj ET Q q 0 0 0 rg BT 344.05 85.75 Td (of ) Tj ET Q q 0 0 0 rg BT 354.87 85.75 Td (our ) Tj ET Q q 0 0 0 rg BT 370.69 85.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 407.61 85.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 429.54 85.75 Td (the ) Tj ET Q q 0 0 0 rg BT 444.25 85.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 498.94 85.75 Td (for ) Tj ET Q q 0 0 0 rg BT 513.09 85.75 Td (gain-on-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.75 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 73.75 Td (de-recognition ) Tj ET Q q 0 0 0 rg BT 121.14 73.75 Td (treatment ) Tj ET Q q 0 0 0 rg BT 161.40 73.75 Td (for ) Tj ET Q q 0 0 0 rg BT 175.56 73.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 221.93 73.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 259.98 73.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.92 73.75 Td (none ) Tj ET Q q 0 0 0 rg BT 298.86 73.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.69 73.75 Td (the ) Tj ET Q q 0 0 0 rg BT 324.41 73.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 371.88 73.75 Td (have ) Tj ET Q q 0 0 0 rg BT 393.25 73.75 Td (been ) Tj ET Q q 0 0 0 rg BT 414.63 73.75 Td (derecognized.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (21) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 685.5 m 482 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 685.5 m 561 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 642.5 m 482 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 627.5 m 482 627.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 642.5 m 561 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 627.5 m 561 627.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.35 700.18 Td (December) Tj ET Q q 0 0 0 rg BT 463.48 700.18 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.50 690.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 700.17 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 690.17 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.60 676.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 662.17 Td (Net investment in leases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.50 662.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 662.18 Td (432,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 662.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 662.17 Td (435,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 647.17 Td (Loan receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 647.18 Td (388,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 647.17 Td (293,131) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.50 632.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 632.18 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 632.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 632.17 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 63.10 592.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 80.04 592.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.42 592.00 Td (in ) Tj ET Q q 0 0 0 rg BT 136.70 592.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 168.62 592.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 216.09 592.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 251.92 592.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.63 592.00 Td (following: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 556.5 m 482 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 556.5 m 561 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 513.5 m 482 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 513.5 m 561 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 483.5 m 482 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 483.5 m 561 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 453.5 m 482 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 453.5 m 561 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 423.5 m 482 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 423.5 m 561 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 393.5 m 482 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 378.5 m 482 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 393.5 m 561 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 378.5 m 561 378.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.35 571.18 Td (December) Tj ET Q q 0 0 0 rg BT 463.48 571.18 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.50 561.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 571.17 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 561.17 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.60 547.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 533.17 Td (T) Tj ET Q q 0 0 0 rg BT 71.91 533.17 Td (otal minimum finance receivable payments ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 247.13 533.17 Td (\(b\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.50 533.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 533.18 Td (998,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 533.17 Td (893,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 518.17 Td (Residual values of leased equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.65 518.18 Td (27,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 518.17 Td (25,735) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.15 503.18 Td (1,026,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 503.17 Td (918,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 488.17 Td (Unearned income, net of initial direct costs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.30 488.23 Td (\(178,630) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.15 488.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.30 488.17 Td (\(168,946\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.50 473.73 Td (Net investment in finance r) Tj ET Q q 0 0 0 rg BT 181.86 473.73 Td (eceivables befor) Tj ET Q q 0 0 0 rg BT 249.71 473.73 Td (e allowance for) Tj ET Q q 0 0 0 rg BT 313.95 473.73 Td ( cr) Tj ET Q q 0 0 0 rg BT 325.15 473.73 Td (edit losses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 473.73 Td (848,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 473.62 Td (749,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 458.17 Td (Allowance for credit losses ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 178.13 458.17 Td (\(c\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.30 458.23 Td (\(30,305) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.15 458.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 458.17 Td (\(23,929\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 443.18 Td (817,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 443.17 Td (725,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 428.17 Td (Reserve receivable on securitized financial contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.65 428.18 Td (3,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 428.17 Td (2,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 413.17 Td (Net investment in finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 413.18 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 413.17 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 398.17 Td (Current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 398.17 Td (283,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.00 398.17 Td (255,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 383.17 Td (Long-term portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.50 383.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 383.17 Td (537,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 383.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 383.17 Td (473,018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.65 355.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 98.58 355.00 Td (in ) Tj ET Q q 0 0 0 rg BT 108.96 355.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 140.99 355.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 188.56 355.00 Td (is ) Tj ET Q q 0 0 0 rg BT 197.83 355.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 245.97 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 256.36 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.17 355.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 302.11 355.00 Td (in ) Tj ET Q q 0 0 0 rg BT 312.49 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 327.31 355.00 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 364.91 355.00 Td (as ) Tj ET Q q 0 0 0 rg BT 375.84 355.00 Td (described ) Tj ET Q q 0 0 0 rg BT 416.76 355.00 Td (in ) Tj ET Q q 0 0 0 rg BT 427.14 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 441.96 355.00 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 502.87 355.00 Td (MD&A) Tj ET Q q 0 0 0 rg BT 533.43 355.00 Td ( ) Tj ET Q q 0 0 0 rg BT 536.03 355.00 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 355.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.00 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 343.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 343.00 Td (December ) Tj ET Q q 0 0 0 rg BT 139.17 343.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.17 343.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 179.17 343.00 Td (commencing ) Tj ET Q q 0 0 0 rg BT 233.32 343.00 Td (on ) Tj ET Q q 0 0 0 rg BT 245.82 343.00 Td (page ) Tj ET Q q 0 0 0 rg BT 267.20 343.00 Td (4 ) Tj ET Q q 0 0 0 rg BT 274.70 343.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.53 343.00 Td (this ) Tj ET Q q 0 0 0 rg BT 302.47 343.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 331.63 343.00 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 64.86 319.00 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 108.57 319.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 152.25 319.00 Td (collections ) Tj ET Q q 0 0 0 rg BT 199.27 319.00 Td (of ) Tj ET Q q 0 0 0 rg BT 211.30 319.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 244.43 319.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 293.10 319.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.01 319.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 363.80 319.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 319.00 Td (, ) Tj ET Q q 0 0 0 rg BT 390.00 319.00 Td (are ) Tj ET Q q 0 0 0 rg BT 405.91 319.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 447.92 319.00 Td (in ) Tj ET Q q 0 0 0 rg BT 459.40 319.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.32 319.00 Td (following ) Tj ET Q q 0 0 0 rg BT 517.90 319.00 Td (table. ) Tj ET Q q 0 0 0 rg BT 543.54 319.00 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 319.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.00 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 307.00 Td (s ) Tj ET Q q 0 0 0 rg BT 98.58 307.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 145.40 307.00 Td (has ) Tj ET Q q 0 0 0 rg BT 162.25 307.00 Td (shown ) Tj ET Q q 0 0 0 rg BT 191.88 307.00 Td (that ) Tj ET Q q 0 0 0 rg BT 210.39 307.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.13 307.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 253.52 307.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 301.46 307.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 339.41 307.00 Td (streams ) Tj ET Q q 0 0 0 rg BT 373.48 307.00 Td (will ) Tj ET Q q 0 0 0 rg BT 392.56 307.00 Td (vary ) Tj ET Q q 0 0 0 rg BT 413.84 307.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 459.02 307.00 Td (on ) Tj ET Q q 0 0 0 rg BT 472.54 307.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.50 307.00 Td (number ) Tj ET Q q 0 0 0 rg BT 514.56 307.00 Td (of ) Tj ET Q q 0 0 0 rg BT 526.41 307.00 Td (variables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.00 Td (including: ) Tj ET Q q 0 0 0 rg BT 92.92 295.00 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 142.99 295.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 167.24 295.00 Td (char) Tj ET Q q 0 0 0 rg BT 184.26 295.00 Td (ge-of) Tj ET Q q 0 0 0 rg BT 205.18 295.00 Td (fs ) Tj ET Q q 0 0 0 rg BT 215.27 295.00 Td (and ) Tj ET Q q 0 0 0 rg BT 232.58 295.00 Td (modifications. ) Tj ET Q q 0 0 0 rg BT 292.30 295.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 341.64 295.00 Td (, ) Tj ET Q q 0 0 0 rg BT 347.01 295.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.09 295.00 Td (following ) Tj ET Q q 0 0 0 rg BT 403.85 295.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 445.61 295.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 488.46 295.00 Td (collections ) Tj ET Q q 0 0 0 rg BT 534.65 295.00 Td (are ) Tj ET Q q 0 0 0 rg BT 549.73 295.00 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 283.00 Td (be ) Tj ET Q q 0 0 0 rg BT 71.72 283.00 Td (regarded ) Tj ET Q q 0 0 0 rg BT 109.19 283.00 Td (as ) Tj ET Q q 0 0 0 rg BT 120.02 283.00 Td (a ) Tj ET Q q 0 0 0 rg BT 126.96 283.00 Td (forecast ) Tj ET Q q 0 0 0 rg BT 161.11 283.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.94 283.00 Td (future ) Tj ET Q q 0 0 0 rg BT 198.31 283.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.58 283.00 Td (collections. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 247.5 m 477 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 247.5 m 561 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 144.5 m 477 144.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 144.5 m 561 144.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 144.5 m 477 144.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 129.5 m 477 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 144.5 m 561 144.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 129.5 m 561 129.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.45 262.17 Td (Minimum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 252.17 Td (payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.90 252.17 Td (Present value) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.10 238.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 224.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.50 224.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 224.17 Td (368,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.50 224.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 224.17 Td (277,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 209.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 209.17 Td (287,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 209.17 Td (235,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 194.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 194.17 Td (195,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 194.17 Td (170,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 179.17 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 179.17 Td (106,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 179.17 Td (96,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 164.17 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 164.17 Td (38,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 164.17 Td (36,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 149.17 Td (2025 and thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 149.17 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 149.17 Td (2,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 134.17 Td (T) Tj ET Q q 0 0 0 rg BT 219.91 134.17 Td (otal minimum payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.50 134.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 134.17 Td (998,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.50 134.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 134.17 Td (820,258) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.00 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 62.55 106.00 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 108.36 106.00 Td (for ) Tj ET Q q 0 0 0 rg BT 122.52 106.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.79 106.00 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.11 94.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.07 94.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 147.34 94.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.97 94.00 Td (allowances ) Tj ET Q q 0 0 0 rg BT 211.46 94.00 Td (based ) Tj ET Q q 0 0 0 rg BT 236.30 94.00 Td (on ) Tj ET Q q 0 0 0 rg BT 248.36 94.00 Td (an ) Tj ET Q q 0 0 0 rg BT 259.87 94.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 297.47 94.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 322.30 94.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 339.93 94.00 Td (\("ECL"\) ) Tj ET Q q 0 0 0 rg BT 375.70 94.00 Td ( ) Tj ET Q q 0 0 0 rg BT 377.77 94.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 425.94 94.00 Td (model ) Tj ET Q q 0 0 0 rg BT 453.00 94.00 Td (for ) Tj ET Q q 0 0 0 rg BT 466.73 94.00 Td (all ) Tj ET Q q 0 0 0 rg BT 478.79 94.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.83 94.00 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.00 Td (except ) Tj ET Q q 0 0 0 rg BT 77.74 82.00 Td (those ) Tj ET Q q 0 0 0 rg BT 100.99 82.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 141.45 82.00 Td (at ) Tj ET Q q 0 0 0 rg BT 150.81 82.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 166.83 82.00 Td (value ) Tj ET Q q 0 0 0 rg BT 190.63 82.00 Td (through ) Tj ET Q q 0 0 0 rg BT 223.88 82.00 Td (profit ) Tj ET Q q 0 0 0 rg BT 248.24 82.00 Td (and ) Tj ET Q q 0 0 0 rg BT 264.82 82.00 Td (loss. ) Tj ET Q q 0 0 0 rg BT 284.55 82.00 Td (Application ) Tj ET Q q 0 0 0 rg BT 333.91 82.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.38 82.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.74 82.00 Td (model ) Tj ET Q q 0 0 0 rg BT 385.88 82.00 Td (depends ) Tj ET Q q 0 0 0 rg BT 420.79 82.00 Td (on ) Tj ET Q q 0 0 0 rg BT 432.94 82.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.30 82.00 Td (following ) Tj ET Q q 0 0 0 rg BT 488.33 82.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 513.24 82.00 Td (stages ) Tj ET Q q 0 0 0 rg BT 539.82 82.00 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 82.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 70.00 Td (assets: ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I17 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 704.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 127.93 704.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 135.13 704.10 Td (- ) Tj ET Q q 0 0 0 rg BT 140.67 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.54 704.10 Td (new ) Tj ET Q q 0 0 0 rg BT 173.41 704.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 199.50 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.14 704.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 239.46 704.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 285.53 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.18 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.05 704.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 349.92 704.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 376.00 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.54 704.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 409.86 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.06 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 448.15 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 463.14 704.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 513.65 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.29 704.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 138.82 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.16 692.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 174.48 692.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 192.05 692.10 Td (since ) Tj ET Q q 0 0 0 rg BT 215.16 692.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 241.05 692.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 291.65 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.65 692.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 316.78 692.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 359.87 692.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.10 692.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 415.53 692.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 439.75 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.09 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.87 692.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 490.19 692.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 516.65 692.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.74 692.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (result ) Tj ET Q q 0 0 0 rg BT 128.22 680.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.16 680.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 184.31 680.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 225.13 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.40 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.12 680.10 Td (next ) Tj ET Q q 0 0 0 rg BT 269.84 680.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 282.34 680.10 Td (months; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 668.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 128.00 668.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 135.28 668.10 Td (- ) Tj ET Q q 0 0 0 rg BT 140.89 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.83 668.10 Td (those ) Tj ET Q q 0 0 0 rg BT 178.22 668.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 204.38 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.99 668.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 238.38 668.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.66 668.10 Td (have ) Tj ET Q q 0 0 0 rg BT 276.82 668.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 327.40 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.12 668.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 378.62 668.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 413.65 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.71 668.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 448.76 668.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 466.04 668.10 Td (since ) Tj ET Q q 0 0 0 rg BT 488.87 668.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 514.48 668.10 Td (recognition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.44 656.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 128.50 656.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 171.53 656.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.70 656.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.06 656.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 251.22 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.50 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.21 656.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 301.48 656.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 327.87 656.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 365.90 656.10 Td (over ) Tj ET Q q 0 0 0 rg BT 386.17 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.89 656.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 443.93 656.10 Td (life ) Tj ET Q q 0 0 0 rg BT 459.75 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.58 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.30 656.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 507.79 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.62 656.10 Td (loan; ) Tj ET Q q 0 0 0 rg BT 541.11 656.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 644.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 644.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 128.28 644.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 135.85 644.10 Td (- ) Tj ET Q q 0 0 0 rg BT 141.74 644.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.97 644.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 182.41 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.31 644.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 216.98 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.54 644.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.32 644.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 295.20 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.54 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.55 644.10 Td (credit-impaired, ) Tj ET Q q 0 0 0 rg BT 384.25 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.25 644.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 409.38 644.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 452.48 644.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 476.70 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.04 644.10 Td (full ) Tj ET Q q 0 0 0 rg BT 503.50 644.10 Td (life ) Tj ET Q q 0 0 0 rg BT 519.39 644.10 Td (time ) Tj ET Q q 0 0 0 rg BT 539.73 644.10 Td (ECLs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.67 632.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 161.53 632.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 74.89 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.40 608.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 110.69 608.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 157.73 608.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.01 608.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 214.63 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.03 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.54 608.10 Td (lar) Tj ET Q q 0 0 0 rg BT 241.90 608.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 253.41 608.10 Td (number ) Tj ET Q q 0 0 0 rg BT 286.03 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.44 608.10 Td (homogenous ) Tj ET Q q 0 0 0 rg BT 349.62 608.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 375.56 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.07 608.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 417.75 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.60 608.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 477.44 608.10 Td (small ) Tj ET Q q 0 0 0 rg BT 501.17 608.10 Td (balances. ) Tj ET Q q 0 0 0 rg BT 540.02 608.10 Td (Thus, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.16 596.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 108.26 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.04 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.71 596.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 176.69 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.79 596.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.00 596.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 242.34 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.46 596.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 295.55 596.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 344.65 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.76 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.42 596.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 395.85 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.74 596.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 432.40 596.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 475.93 596.10 Td (portfolios, ) Tj ET Q q 0 0 0 rg BT 519.77 596.10 Td (segregated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.56 584.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 93.38 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.32 584.10 Td (non-prime.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (Definitions ) Tj ET Q q 0 0 0 rg BT 97.07 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.97 560.10 Td (default ) Tj ET Q q 0 0 0 rg BT 138.31 560.10 Td (have ) Tj ET Q q 0 0 0 rg BT 159.76 560.10 Td (been ) Tj ET Q q 0 0 0 rg BT 181.21 560.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 215.98 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.34 560.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 266.12 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.91 560.10 Td (judgement ) Tj ET Q q 0 0 0 rg BT 325.69 560.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.26 560.10 Td (may ) Tj ET Q q 0 0 0 rg BT 363.05 560.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 404.50 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 416.51 560.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 454.73 560.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.80 560.10 Td (given ) Tj ET Q q 0 0 0 rg BT 484.59 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.38 560.10 Td (diversity ) Tj ET Q q 0 0 0 rg BT 536.95 560.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.56 548.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 94.83 548.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 137.75 548.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 177.09 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.16 548.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 209.66 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.83 548.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 262.23 548.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 291.84 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.01 548.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 336.07 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.69 548.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 370.30 548.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 387.14 548.10 Td (across ) Tj ET Q q 0 0 0 rg BT 413.98 548.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 439.15 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.44 548.10 Td (over ) Tj ET Q q 0 0 0 rg BT 475.05 548.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 497.17 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.45 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.51 548.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 85.33 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.61 536.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 122.55 536.10 Td (which ) Tj ET Q q 0 0 0 rg BT 149.49 536.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 183.08 536.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 208.91 536.10 Td (will ) Tj ET Q q 0 0 0 rg BT 226.97 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 238.91 536.10 Td (rectified. ) Tj ET Q q 0 0 0 rg BT 277.22 536.10 Td (For ) Tj ET Q q 0 0 0 rg BT 293.61 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.33 536.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 346.38 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.21 536.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 401.37 536.10 Td (ECL, ) Tj ET Q q 0 0 0 rg BT 425.25 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.19 536.10 Td (default ) Tj ET Q q 0 0 0 rg BT 462.45 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.62 536.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 504.11 536.10 Td (as:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.10 Td (For ) Tj ET Q q 0 0 0 rg BT 101.87 524.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 127.68 524.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 159.58 524.10 Td (receivables: ) Tj ET Q q 0 0 0 rg BT 209.81 524.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 236.17 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.09 524.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 276.68 524.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.15 524.10 Td (have ) Tj ET Q q 0 0 0 rg BT 315.51 524.10 Td (missed ) Tj ET Q q 0 0 0 rg BT 345.77 524.10 Td (one ) Tj ET Q q 0 0 0 rg BT 362.69 524.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 399.60 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.52 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.21 524.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.47 524.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 501.16 524.10 Td (rectified ) Tj ET Q q 0 0 0 rg BT 536.96 524.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 98.00 512.10 Td (days.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.10 Td (For ) Tj ET Q q 0 0 0 rg BT 101.89 500.10 Td (non-prime ) Tj ET Q q 0 0 0 rg BT 146.05 500.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 177.97 500.10 Td (receivables: ) Tj ET Q q 0 0 0 rg BT 228.22 500.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 254.60 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.54 500.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 295.14 500.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.64 500.10 Td (have ) Tj ET Q q 0 0 0 rg BT 334.02 500.10 Td (missed ) Tj ET Q q 0 0 0 rg BT 364.29 500.10 Td (one ) Tj ET Q q 0 0 0 rg BT 381.23 500.10 Td (payment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (ECLs are measured as the probability-weighted present value of expected cash shortfalls over the remaining expected life of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (financial instrument based on the following defined credit stages: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.62 440.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 90.06 440.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 99.79 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.23 440.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.34 440.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 187.56 440.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 214.21 440.10 Td (static ) Tj ET Q q 0 0 0 rg BT 237.54 440.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 257.55 440.10 Td (data ) Tj ET Q q 0 0 0 rg BT 276.43 440.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 308.09 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.09 440.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 344.74 440.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 390.85 440.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 416.40 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.07 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.51 440.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 486.40 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.96 440.10 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 115.51 428.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 167.12 428.10 Td (under ) Tj ET Q q 0 0 0 rg BT 192.04 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.41 428.10 Td (ECL) Tj ET Q q 0 0 0 rg BT 224.93 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.09 428.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 279.21 428.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.87 428.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 313.78 428.10 Td (static ) Tj ET Q q 0 0 0 rg BT 337.04 428.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 356.98 428.10 Td (data ) Tj ET Q q 0 0 0 rg BT 375.79 428.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 411.27 428.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 450.64 428.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 468.35 428.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.39 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.54 428.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 526.46 428.10 Td (class ) Tj ET Q q 0 0 0 rg BT 548.06 428.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 416.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 108.38 416.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 139.20 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.14 416.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 194.72 416.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 230.54 416.10 Td (all ) Tj ET Q q 0 0 0 rg BT 243.04 416.10 Td (knowable ) Tj ET Q q 0 0 0 rg BT 284.42 416.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 309.68 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.62 416.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 367.99 416.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 412.16 416.10 Td (up ) Tj ET Q q 0 0 0 rg BT 424.66 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.93 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.65 416.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 488.81 416.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.09 392.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 91.01 392.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 101.21 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.13 392.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.71 392.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 198.18 392.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 224.21 392.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 250.78 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.92 392.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 291.73 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.21 392.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.79 392.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 374.79 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.93 392.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 426.84 392.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.29 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.77 392.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 498.24 392.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 515.94 392.10 Td (since ) Tj ET Q q 0 0 0 rg BT 539.18 392.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.03 380.10 Td (if ) Tj ET Q q 0 0 0 rg BT 107.13 380.10 Td (they ) Tj ET Q q 0 0 0 rg BT 127.34 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.53 380.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 187.73 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.38 380.10 Td (over ) Tj ET Q q 0 0 0 rg BT 223.14 380.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 236.13 380.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 259.95 380.10 Td (Non-prime ) Tj ET Q q 0 0 0 rg BT 306.82 380.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 333.69 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.11 380.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 375.21 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.20 380.10 Td (have ) Tj ET Q q 0 0 0 rg BT 415.06 380.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 466.35 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.78 380.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 518.98 380.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.73 380.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.89 368.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 92.52 368.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 127.36 368.10 Td (those ) Tj ET Q q 0 0 0 rg BT 151.10 368.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 200.39 368.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.01 368.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.85 368.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 277.69 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.98 368.10 Td (over ) Tj ET Q q 0 0 0 rg BT 312.38 368.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 325.00 368.10 Td (days; ) Tj ET Q q 0 0 0 rg BT 348.74 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.81 368.10 Td (an ) Tj ET Q q 0 0 0 rg BT 377.88 368.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 413.82 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.78 368.10 Td (those ) Tj ET Q q 0 0 0 rg BT 448.52 368.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.48 368.10 Td (that ) Tj ET Q q 0 0 0 rg BT 492.10 368.10 Td (will ) Tj ET Q q 0 0 0 rg BT 510.29 368.10 Td (subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (become ) Tj ET Q q 0 0 0 rg BT 82.81 356.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 127.23 356.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 169.98 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.52 356.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 240.49 356.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 261.04 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.58 356.10 Td (non-prime ) Tj ET Q q 0 0 0 rg BT 315.45 356.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.00 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 358.21 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.63 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.62 356.10 Td (default ) Tj ET Q q 0 0 0 rg BT 412.60 356.10 Td (but ) Tj ET Q q 0 0 0 rg BT 427.59 356.10 Td (have ) Tj ET Q q 0 0 0 rg BT 448.68 356.10 Td (been ) Tj ET Q q 0 0 0 rg BT 469.77 356.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 514.20 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.07 356.10 Td (less ) Tj ET Q q 0 0 0 rg BT 545.29 356.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 62.00 344.10 Td (days ) Tj ET Q q 0 0 0 rg BT 82.83 344.10 Td (at ) Tj ET Q q 0 0 0 rg BT 92.55 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.26 344.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.42 344.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.03 320.10 Td (Stage ) Tj ET Q q 0 0 0 rg BT 90.89 320.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 101.04 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.90 320.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.43 320.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 197.84 320.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 224.36 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.44 320.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 265.19 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.61 320.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.69 320.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 313.10 320.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 351.29 320.10 Td (if ) Tj ET Q q 0 0 0 rg BT 360.04 320.10 Td (they ) Tj ET Q q 0 0 0 rg BT 379.90 320.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.75 320.10 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 439.60 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.91 320.10 Td (more ) Tj ET Q q 0 0 0 rg BT 477.10 320.10 Td (than ) Tj ET Q q 0 0 0 rg BT 496.96 320.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 509.60 320.10 Td (days ) Tj ET Q q 0 0 0 rg BT 530.57 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.55 320.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.30 320.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 92.55 308.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 118.93 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.87 308.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 159.48 308.10 Td (have ) Tj ET Q q 0 0 0 rg BT 180.85 308.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 222.23 308.10 Td (been ) Tj ET Q q 0 0 0 rg BT 243.61 308.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 283.87 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.70 308.10 Td (non-accrual.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 90.00 284.10 Td (security ) Tj ET Q q 0 0 0 rg BT 123.26 284.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 157.65 284.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.47 284.10 Td (held ) Tj ET Q q 0 0 0 rg BT 190.30 284.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.57 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.40 284.10 Td (full ) Tj ET Q q 0 0 0 rg BT 232.90 284.10 Td (term ) Tj ET Q q 0 0 0 rg BT 252.83 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.78 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.60 284.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 298.20 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.25 284.10 Td (then ) Tj ET Q q 0 0 0 rg BT 333.08 284.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 368.01 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.95 284.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 408.99 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.38 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.21 284.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 469.36 284.10 Td (option ) Tj ET Q q 0 0 0 rg BT 496.53 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.47 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.30 284.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.19 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 272.10 Td (lessee) Tj ET Q q 0 0 0 rg BT 100.54 272.10 Td (s ) Tj ET Q q 0 0 0 rg BT 106.91 272.10 Td (request, ) Tj ET Q q 0 0 0 rg BT 140.77 272.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 168.25 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.94 272.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 209.30 272.10 Td (has ) Tj ET Q q 0 0 0 rg BT 225.11 272.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 269.80 272.10 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 309.48 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.74 272.10 Td (which ) Tj ET Q q 0 0 0 rg BT 346.65 272.10 Td (case ) Tj ET Q q 0 0 0 rg BT 366.34 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.03 272.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 412.40 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 421.55 272.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 453.46 272.10 Td (against ) Tj ET Q q 0 0 0 rg BT 484.26 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.96 272.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 521.42 272.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.32 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 76.92 260.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 99.80 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.41 260.10 Td (Past ) Tj ET Q q 0 0 0 rg BT 121.69 260.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 167.59 260.10 Td (suggests ) Tj ET Q q 0 0 0 rg BT 204.09 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.69 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.74 260.10 Td (very ) Tj ET Q q 0 0 0 rg BT 249.11 260.10 Td (high ) Tj ET Q q 0 0 0 rg BT 269.50 260.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 315.41 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.34 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.17 260.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 380.43 260.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 415.81 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.63 260.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 462.67 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.05 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.87 260.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 526.02 260.10 Td (option ) Tj ET Q q 0 0 0 rg BT 554.18 260.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 248.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 91.70 248.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 136.41 248.10 Td (at ) Tj ET Q q 0 0 0 rg BT 146.13 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.85 248.10 Td (end ) Tj ET Q q 0 0 0 rg BT 177.79 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.62 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.33 248.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 225.82 248.10 Td (term, ) Tj ET Q q 0 0 0 rg BT 249.14 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.97 248.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.80 248.10 Td (an ) Tj ET Q q 0 0 0 rg BT 282.74 248.10 Td (of) Tj ET Q q 0 0 0 rg BT 290.89 248.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 307.83 248.10 Td (against ) Tj ET Q q 0 0 0 rg BT 338.66 248.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 387.82 248.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 410.31 248.10 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 460.28 248.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 82.89 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.62 224.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 120.80 224.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 142.54 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 157.04 224.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 189.32 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.40 224.10 Td (repossess ) Tj ET Q q 0 0 0 rg BT 239.46 224.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 276.18 224.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 320.68 224.10 Td (if ) Tj ET Q q 0 0 0 rg BT 329.08 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.59 224.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 382.53 224.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 416.48 224.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.77 224.10 Td (their ) Tj ET Q q 0 0 0 rg BT 449.39 224.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 471.67 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.29 224.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.80 224.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 538.63 224.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.25 212.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 78.54 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.18 212.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 108.71 212.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.69 212.10 Td (char) Tj ET Q q 0 0 0 rg BT 134.71 212.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 160.63 212.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 168.77 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.08 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.61 212.10 Td (related ) Tj ET Q q 0 0 0 rg BT 215.12 212.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 259.64 212.10 Td (no ) Tj ET Q q 0 0 0 rg BT 271.95 212.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 299.81 212.10 Td (has ) Tj ET Q q 0 0 0 rg BT 315.45 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.20 212.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 357.82 212.10 Td (value ) Tj ET Q q 0 0 0 rg BT 381.79 212.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.09 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.62 212.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 461.47 212.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.76 212.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 545.27 212.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.24 200.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 128.50 200.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.79 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.86 200.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 184.26 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.44 200.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 240.50 200.10 Td (after ) Tj ET Q q 0 0 0 rg BT 261.67 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.95 200.10 Td (char) Tj ET Q q 0 0 0 rg BT 285.98 200.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 306.90 200.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 315.58 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 330.64 200.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 365.69 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.32 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.39 200.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 434.77 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.28 200.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 474.89 200.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 501.64 200.10 Td (when ) Tj ET Q q 0 0 0 rg BT 526.15 200.10 Td (received. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (Repossessed ) Tj ET Q q 0 0 0 rg BT 102.22 188.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 146.61 188.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.45 188.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 194.82 188.10 Td (held ) Tj ET Q q 0 0 0 rg BT 214.21 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 223.60 188.10 Td (various ) Tj ET Q q 0 0 0 rg BT 255.21 188.10 Td (warehouses ) Tj ET Q q 0 0 0 rg BT 304.03 188.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.21 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.59 188.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 377.35 188.10 Td (third ) Tj ET Q q 0 0 0 rg BT 398.40 188.10 Td (party ) Tj ET Q q 0 0 0 rg BT 421.12 188.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 467.72 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.67 188.10 Td (repossess ) Tj ET Q q 0 0 0 rg BT 517.61 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.22 188.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 550.28 188.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 96.70 176.10 Td (As ) Tj ET Q q 0 0 0 rg BT 111.00 176.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 145.29 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.91 176.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 184.99 176.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 207.62 176.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 240.24 176.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.86 176.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 270.49 176.10 Td (range ) Tj ET Q q 0 0 0 rg BT 295.89 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.40 176.10 Td (small ) Tj ET Q q 0 0 0 rg BT 332.26 176.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 380.16 176.10 Td (it ) Tj ET Q q 0 0 0 rg BT 388.90 176.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.76 176.10 Td (dif) Tj ET Q q 0 0 0 rg BT 409.69 176.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 433.98 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.95 176.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 481.46 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.86 176.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.93 176.10 Td (value ) Tj ET Q q 0 0 0 rg BT 538.77 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 176.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 86.99 164.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 126.69 164.10 Td (when ) Tj ET Q q 0 0 0 rg BT 150.85 164.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 195.01 164.10 Td (future ) Tj ET Q q 0 0 0 rg BT 221.38 164.10 Td (ECLs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.73 140.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 94.41 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.09 140.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 136.54 140.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 175.10 140.10 Td (average ) Tj ET Q q 0 0 0 rg BT 208.08 140.10 Td (static ) Tj ET Q q 0 0 0 rg BT 231.09 140.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 250.77 140.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 271.83 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.95 140.10 Td (process ) Tj ET Q q 0 0 0 rg BT 317.84 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 140.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 371.64 140.10 Td (ECLs ) Tj ET Q q 0 0 0 rg BT 396.32 140.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 415.45 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.57 140.10 Td (following ) Tj ET Q q 0 0 0 rg BT 470.36 140.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 496.71 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.05 140.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 128.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 87.91 128.10 Td (information ) Tj ET Q q 0 0 0 rg BT 137.67 128.10 Td (about ) Tj ET Q q 0 0 0 rg BT 162.44 128.10 Td (past ) Tj ET Q q 0 0 0 rg BT 181.10 128.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 211.70 128.10 Td (current ) Tj ET Q q 0 0 0 rg BT 242.56 128.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 286.78 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.77 128.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 341.85 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.73 128.10 Td (future ) Tj ET Q q 0 0 0 rg BT 379.16 128.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 423.38 128.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.92 128.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.68 128.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.01 128.10 Td (already ) Tj ET Q q 0 0 0 rg BT 502.98 128.10 Td (captured ) Tj ET Q q 0 0 0 rg BT 539.96 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (inputs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 104.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 104.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 139.33 104.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 174.60 104.10 Td (held;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 92.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.10 Td (Recoveries ) Tj ET Q q 0 0 0 rg BT 151.07 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.55 92.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 199.58 92.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 244.94 92.10 Td (char) Tj ET Q q 0 0 0 rg BT 261.97 92.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 279.55 92.10 Td (of) Tj ET Q q 0 0 0 rg BT 287.70 92.10 Td (f ) Tj ET Q q 0 0 0 rg BT 294.18 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.10 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.46 92.10 Td (last ) Tj ET Q q 0 0 0 rg BT 337.50 92.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 350.64 92.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 385.74 92.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.21 92.10 Td (an ) Tj ET Q q 0 0 0 rg BT 409.80 92.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 446.26 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.74 92.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 501.97 92.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.78 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.14 92.10 Td (next ) Tj ET Q q 0 0 0 rg BT 552.50 92.10 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 80.10 Td (months;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 68.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 68.10 Td (An ) Tj ET Q q 0 0 0 rg BT 118.49 68.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 154.59 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.69 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.68 68.10 Td (ef) Tj ET Q q 0 0 0 rg BT 188.27 68.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 209.92 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.02 68.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.55 68.10 Td (disasters ) Tj ET Q q 0 0 0 rg BT 288.77 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.98 68.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 347.62 68.10 Td (shocks ) Tj ET Q q 0 0 0 rg BT 377.62 68.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.38 68.10 Td (have ) Tj ET Q q 0 0 0 rg BT 417.03 68.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 454.78 68.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.55 68.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 493.09 68.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 519.75 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.30 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 68.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 56.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 116.00 56.10 Td (months;) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I18 Do Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.32 704.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 142.15 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.75 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.24 704.10 Td (business ) Tj ET Q q 0 0 0 rg BT 200.41 704.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 222.78 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.72 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.21 704.10 Td (industry) Tj ET Q q 0 0 0 rg BT 281.34 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.11 704.10 Td (which ) Tj ET Q q 0 0 0 rg BT 310.83 704.10 Td (considers: ) Tj ET Q q 0 0 0 rg BT 352.65 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.14 704.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 414.63 704.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 468.95 704.10 Td (GDP) Tj ET Q q 0 0 0 rg BT 488.58 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.85 704.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 521.96 704.10 Td (prevailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 135.43 692.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 156.81 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.75 692.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 226.23 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.06 692.10 Td (future ) Tj ET Q q 0 0 0 rg BT 263.44 692.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 287.31 692.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 311.47 692.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 338.96 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.90 692.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 392.28 692.10 Td (rates; ) Tj ET Q q 0 0 0 rg BT 416.44 692.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 136.55 680.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 187.92 680.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 214.86 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 680.10 Td (non-accrual ) Tj ET Q q 0 0 0 rg BT 275.38 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.32 680.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 322.57 680.10 Td (than ) Tj ET Q q 0 0 0 rg BT 342.29 680.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 354.79 680.10 Td (days ) Tj ET Q q 0 0 0 rg BT 375.62 680.10 Td (delinquency ) Tj ET Q q 0 0 0 rg BT 426.99 680.10 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Forecasts ) Tj ET Q q 0 0 0 rg BT 90.11 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.29 656.10 Td (future ) Tj ET Q q 0 0 0 rg BT 128.01 656.10 Td (events ) Tj ET Q q 0 0 0 rg BT 156.40 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.68 656.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 218.19 656.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.24 656.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 286.61 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 299.45 656.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 338.96 656.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 365.70 656.10 Td (from ) Tj ET Q q 0 0 0 rg BT 387.98 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.04 656.10 Td (static ) Tj ET Q q 0 0 0 rg BT 426.99 656.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 447.61 656.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 469.61 656.10 Td (Determining ) Tj ET Q q 0 0 0 rg BT 522.99 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.05 656.10 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 72.73 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.74 644.10 Td (ECLs ) Tj ET Q q 0 0 0 rg BT 113.09 644.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 146.86 644.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 190.65 644.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 233.87 644.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 278.21 644.10 Td (. ) Tj ET Q q 0 0 0 rg BT 282.16 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.28 644.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 342.50 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.51 644.10 Td (application ) Tj ET Q q 0 0 0 rg BT 404.51 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.41 644.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 481.51 644.10 Td (information ) Tj ET Q q 0 0 0 rg BT 530.30 644.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.21 632.10 Td (judgement.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.12941176470588237 0.14901960784313725 rg BT 49.50 608.10 Td (The following table shows the gross carrying amount of the finance receivables by credit category:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 582.6 m 360 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 567.6 m 360 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 582.6 m 427 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 567.6 m 427 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 582.6 m 494 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 567.6 m 494 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 582.6 m 561 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 567.6 m 561 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 542.6 m 360 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 542.6 m 427 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 542.6 m 494 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 542.6 m 561 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 499.6 m 360 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 484.6 m 360 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 499.6 m 427 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 484.6 m 427 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 499.6 m 494 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 484.6 m 494 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 499.6 m 561 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 484.6 m 561 484.6 l s BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 452.40 587.28 Td (As of December) Tj ET Q q 0 0 0 rg BT 519.97 587.28 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.10 572.27 Td (Stage 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.10 572.27 Td (Stage 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 572.27 Td (Stage 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.75 572.27 Td (T) Tj ET Q q 0 0 0 rg BT 522.16 572.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.20 552.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 557.72 Td (Under) Tj ET Q q 0 0 0 rg BT 403.79 557.72 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.20 547.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.70 557.72 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.20 547.72 Td (Performing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 404.60 533.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 519.27 Td (Prime) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 519.27 Td (586,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 519.27 Td (1,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 519.27 Td (3,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 519.27 Td (591,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 504.27 Td (Non-prime) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 504.27 Td (242,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 504.27 Td (6,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 504.27 Td (7,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 504.27 Td (256,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 489.27 Td (T) Tj ET Q q 0 0 0 rg BT 230.91 489.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 489.27 Td (828,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 489.27 Td (8,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 489.27 Td (1) Tj ET Q q 0 0 0 rg BT 467.65 489.27 Td (1,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 489.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 489.27 Td (848,005) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 442.6 m 360 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 427.6 m 360 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 442.6 m 427 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 427.6 m 427 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 442.6 m 494 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 427.6 m 494 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 442.6 m 561 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 427.6 m 561 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 402.6 m 360 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 402.6 m 427 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 402.6 m 494 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 402.6 m 561 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 357.6 m 360 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 342.6 m 360 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 357.6 m 427 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 342.6 m 427 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 357.6 m 494 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 342.6 m 494 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 357.6 m 561 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 342.6 m 561 342.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.45 447.27 Td (As of December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.10 432.27 Td (Stage 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.10 432.27 Td (Stage 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 432.27 Td (Stage 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.75 432.27 Td (T) Tj ET Q q 0 0 0 rg BT 522.16 432.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.20 412.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.90 417.72 Td (Under) Tj ET Q q 0 0 0 rg BT 403.79 417.72 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.20 407.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.70 417.72 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.20 407.72 Td (Performing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 404.60 391.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 377.27 Td (Prime) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 377.27 Td (472,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 377.27 Td (965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 377.27 Td (2,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 377.27 Td (475,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 362.27 Td (Non-prime) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 362.27 Td (264,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 362.27 Td (5,31) Tj ET Q q 0 0 0 rg BT 418.15 362.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 362.27 Td (5,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 362.27 Td (274,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 347.27 Td (T) Tj ET Q q 0 0 0 rg BT 230.91 347.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 347.27 Td (736,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 347.27 Td (6,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 347.27 Td (7,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 347.27 Td (749,869) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.12941176470588237 0.14901960784313725 rg BT 49.50 312.10 Td (The following tables show reconciliations from the opening to the closing balance of the allowance for credit losses: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 286.6 m 363 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 286.6 m 428 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 286.6 m 493 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 286.6 m 561 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 271.6 m 363 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 271.6 m 428 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 271.6 m 493 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 271.6 m 561 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 271.6 m 363 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 246.60000000000002 m 363 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 271.6 m 428 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 246.60000000000002 m 428 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 271.6 m 493 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 246.60000000000002 m 493 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 246.60000000000002 m 561 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 216.60000000000002 m 363 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 216.60000000000002 m 428 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 216.60000000000002 m 493 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 216.60000000000002 m 561 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 141.60000000000002 m 363 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 126.60000000000002 m 363 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 141.60000000000002 m 428 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 126.60000000000002 m 428 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 141.60000000000002 m 493 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 126.60000000000002 m 493 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 141.60000000000002 m 561 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 126.60000000000002 m 561 126.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 95.60000000000002 m 363 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 80.60000000000002 m 363 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 95.60000000000002 m 428 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 80.60000000000002 m 428 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 95.60000000000002 m 493 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 80.60000000000002 m 493 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 95.60000000000002 m 561 95.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 80.60000000000002 m 561 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 65.60000000000002 m 363 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 50.60000000000002 m 363 50.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 65.60000000000002 m 428 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 50.60000000000002 m 428 50.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 65.60000000000002 m 493 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 50.60000000000002 m 493 50.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 65.60000000000002 m 561 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 50.60000000000002 m 561 50.60000000000002 l s BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 362.00 291.28 Td (Y) Tj ET Q q 0 0 0 rg BT 368.67 291.28 Td (ear) Tj ET Q q 0 0 0 rg BT 381.90 291.28 Td ( ended December) Tj ET Q q 0 0 0 rg BT 455.59 291.28 Td ( 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.60 276.27 Td (Stage 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.10 276.27 Td (Stage 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 276.27 Td (Stage 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.70 256.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.90 261.72 Td (Under) Tj ET Q q 0 0 0 rg BT 405.79 261.72 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.20 251.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.70 261.72 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.20 251.72 Td (Performing) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.55 251.28 Td (T) Tj ET Q q 0 0 0 rg BT 521.30 251.28 Td (otal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 405.60 235.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 221.27 Td (Balance, January 1, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 221.27 Td (10,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 221.27 Td (6,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 221.27 Td (6,909) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 221.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 221.28 Td (23,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 206.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 206.27 Td (ransfer to Performing \(Stage 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 206.27 Td (1,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.30 206.32 Td (\(1,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 206.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 206.32 Td (\(569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 206.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 206.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 191.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 191.27 Td (ransfer to Under) Tj ET Q q 0 0 0 rg BT 157.68 191.27 Td (-Performing \(Stage 2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 191.32 Td (\(34,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 191.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 191.27 Td (34,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 191.32 Td (\(67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 191.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 191.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 176.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 176.27 Td (ransfer to Non-Performing \(Stage 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 176.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.30 176.32 Td (\(30,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 176.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 176.27 Td (30,582) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 176.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 161.27 Td (Net remeasurement of loss allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 161.27 Td (23,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.80 161.32 Td (\(562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 161.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 161.32 Td (\(517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 161.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 161.28 Td (22,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 146.27 Td (New receivables originated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 146.27 Td (10,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 146.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 146.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 146.28 Td (10,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 131.27 Td (Provision for credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 131.27 Td (1,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 131.27 Td (2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 131.27 Td (29,429) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 131.28 Td (33,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 115.27 Td (Char) Tj ET Q q 0 0 0 rg BT 105.85 115.27 Td (ge-of) Tj ET Q q 0 0 0 rg BT 126.77 115.27 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 115.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 115.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 115.32 Td (\(36,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 115.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.30 115.33 Td (\(36,573) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.15 115.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 100.27 Td (Recoveries of amounts previously char) Tj ET Q q 0 0 0 rg BT 242.47 100.27 Td (ged of) Tj ET Q q 0 0 0 rg BT 267.56 100.27 Td (f) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 100.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 100.27 Td (10,932) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 100.28 Td (10,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 85.27 Td (Net char) Tj ET Q q 0 0 0 rg BT 120.56 85.27 Td (ge-of) Tj ET Q q 0 0 0 rg BT 141.47 85.27 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 85.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 85.32 Td (\(25,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 85.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.30 85.33 Td (\(25,641) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.15 85.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 70.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 70.32 Td (\(483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 70.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.80 70.32 Td (\(336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 70.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 70.32 Td (\(378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 70.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 531.30 70.33 Td (\(1,197) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.15 70.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 55.27 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 55.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.65 55.28 Td (1) Tj ET Q q 0 0 0 rg BT 336.65 55.28 Td (1,914) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.50 55.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.65 55.28 Td (8,072) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.50 55.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.65 55.28 Td (10,319) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 55.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 55.28 Td (30,305) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I19 Do Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.12941176470588237 0.14901960784313725 rg BT 81.00 431.10 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 666.6 m 363 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 666.6 m 428 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 666.6 m 493 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 666.6 m 561 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 651.6 m 363 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 651.6 m 428 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 651.6 m 493 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 651.6 m 561 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 651.6 m 363 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 626.6 m 363 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 651.6 m 428 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 626.6 m 428 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 651.6 m 493 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 626.6 m 493 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 651.6 m 561 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 626.6 m 561 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 596.6 m 363 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 596.6 m 428 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 596.6 m 493 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 596.6 m 561 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 521.6 m 363 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 506.6 m 363 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 521.6 m 428 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 506.6 m 428 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 521.6 m 493 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 506.6 m 493 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 521.6 m 561 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 506.6 m 561 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 475.6 m 363 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 460.6 m 363 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 475.6 m 428 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 460.6 m 428 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 475.6 m 493 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 460.6 m 493 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 475.6 m 561 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 460.6 m 561 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 445.6 m 363 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 430.6 m 363 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 445.6 m 428 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 430.6 m 428 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 445.6 m 493 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 430.6 m 493 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 445.6 m 561 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 430.6 m 561 430.6 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 364.55 671.27 Td (Y) Tj ET Q q 0 0 0 rg BT 371.27 671.27 Td (ear ended December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.60 656.27 Td (Stage 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.10 656.27 Td (Stage 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 656.27 Td (Stage 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.70 636.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.90 641.72 Td (Under) Tj ET Q q 0 0 0 rg BT 405.79 641.72 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.20 631.72 Td (Performing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.70 641.72 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.20 631.72 Td (Performing) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.55 631.28 Td (T) Tj ET Q q 0 0 0 rg BT 521.30 631.28 Td (otal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 405.60 615.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 601.27 Td (Balance, January 1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 601.27 Td (10,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 601.27 Td (4,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 601.27 Td (7,216) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 601.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 601.28 Td (21,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 586.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 586.27 Td (ransfer to Performing \(Stage 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 586.27 Td (1,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.80 586.32 Td (\(812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 586.32 Td (\(821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 586.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 586.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 571.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 571.27 Td (ransfer to Under) Tj ET Q q 0 0 0 rg BT 157.68 571.27 Td (-Performing \(Stage 2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 571.32 Td (\(20,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 571.27 Td (20,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 571.32 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 571.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 571.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 556.27 Td (T) Tj ET Q q 0 0 0 rg BT 92.43 556.27 Td (ransfer to Non-Performing \(Stage 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 556.32 Td (\(2,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.30 556.32 Td (\(18,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 556.27 Td (20,870) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.15 556.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 541.27 Td (Net remeasurement of loss allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 541.27 Td (10,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 541.27 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 541.32 Td (\(1,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 541.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 541.28 Td (8,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 526.27 Td (New receivables originated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 526.27 Td (10,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 526.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 526.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 526.28 Td (10,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 511.27 Td (Provision for credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 511.32 Td (\(508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 511.27 Td (1,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 511.27 Td (18,376) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 511.28 Td (19,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 495.27 Td (Char) Tj ET Q q 0 0 0 rg BT 105.85 495.27 Td (ge-of) Tj ET Q q 0 0 0 rg BT 126.77 495.27 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 495.32 Td (\(28,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 495.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.30 495.33 Td (\(28,283) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.15 495.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 480.27 Td (Recoveries of amounts previously char) Tj ET Q q 0 0 0 rg BT 242.47 480.27 Td (ged of) Tj ET Q q 0 0 0 rg BT 267.56 480.27 Td (f) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 480.27 Td (9,070) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 480.28 Td (9,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 465.27 Td (Net char) Tj ET Q q 0 0 0 rg BT 120.56 465.27 Td (ge-of) Tj ET Q q 0 0 0 rg BT 141.47 465.27 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 465.32 Td (\(19,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 465.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.30 465.33 Td (\(19,213) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.15 465.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 450.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 450.27 Td (779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 450.27 Td (436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 450.27 Td (530) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 450.28 Td (1,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 435.27 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 435.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.65 435.28 Td (10,879) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.50 435.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.65 435.28 Td (6,141) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.50 435.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.65 435.28 Td (6,909) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 435.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 435.28 Td (23,929) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 63.66 407.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 97.82 407.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 145.29 407.10 Td (past ) Tj ET Q q 0 0 0 rg BT 163.89 407.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 383.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.68 383.10 Td (aging ) Tj ET Q q 0 0 0 rg BT 133.27 383.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 176.18 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.77 383.10 Td (total ) Tj ET Q q 0 0 0 rg BT 210.92 383.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 246.60 383.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.97 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.68 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.27 383.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 326.62 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.44 383.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 363.03 383.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 410.37 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.18 383.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.33 383.10 Td (just ) Tj ET Q q 0 0 0 rg BT 459.15 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.74 383.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 514.44 383.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.81 383.10 Td (are ) Tj ET Q q 0 0 0 rg BT 546.39 383.10 Td (past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 69.15 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.63 371.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 124.98 371.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 166.22 371.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 200.24 371.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.39 371.10 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 240.81 371.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.71 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.63 371.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.96 371.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 334.97 371.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.97 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.90 371.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.16 371.10 Td ($16.8 ) Tj ET Q q 0 0 0 rg BT 389.59 371.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.48 371.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 424.74 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.99 371.10 Td (security ) Tj ET Q q 0 0 0 rg BT 470.58 371.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 506.28 371.10 Td (received ) Tj ET Q q 0 0 0 rg BT 543.07 371.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (lessees/borrowers ) Tj ET Q q 0 0 0 rg BT 122.58 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.01 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.23 359.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 192.42 359.10 Td (held ) Tj ET Q q 0 0 0 rg BT 211.63 359.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 254.72 359.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 291.71 359.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 329.24 359.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.67 359.10 Td (repossessed ) Tj ET Q q 0 0 0 rg BT 399.88 359.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 446.58 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.01 359.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 500.00 359.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 543.08 359.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 85.64 347.10 Td (guarantees\) ) Tj ET Q q 0 0 0 rg BT 133.98 347.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.23 347.10 Td (would ) Tj ET Q q 0 0 0 rg BT 178.49 347.10 Td (of) Tj ET Q q 0 0 0 rg BT 186.64 347.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 203.34 347.10 Td (any ) Tj ET Q q 0 0 0 rg BT 220.03 347.10 Td (char) Tj ET Q q 0 0 0 rg BT 237.06 347.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 257.98 347.10 Td (fs. ) Tj ET Q q 0 0 0 rg BT 269.46 347.10 Td (An ) Tj ET Q q 0 0 0 rg BT 283.94 347.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 319.52 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.10 347.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.24 347.10 Td (value ) Tj ET Q q 0 0 0 rg BT 370.15 347.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.07 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.55 347.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 438.00 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.70 347.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 490.83 347.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 535.85 347.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 95.32 335.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.25 335.10 Td (determined. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 82.41 311.10 Td (char) Tj ET Q q 0 0 0 rg BT 99.43 311.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 114.57 311.10 Td (of) Tj ET Q q 0 0 0 rg BT 122.72 311.10 Td (f ) Tj ET Q q 0 0 0 rg BT 127.86 311.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 153.55 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.80 311.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 192.71 311.10 Td (when ) Tj ET Q q 0 0 0 rg BT 216.18 311.10 Td (they ) Tj ET Q q 0 0 0 rg BT 235.21 311.10 Td (become ) Tj ET Q q 0 0 0 rg BT 268.11 311.10 Td (154 ) Tj ET Q q 0 0 0 rg BT 284.92 311.10 Td (days ) Tj ET Q q 0 0 0 rg BT 305.06 311.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 359.07 311.10 Td (past ) Tj ET Q q 0 0 0 rg BT 376.98 311.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 395.73 311.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 422.54 311.10 Td (information ) Tj ET Q q 0 0 0 rg BT 471.56 311.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 508.91 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.72 311.10 Td (an ) Tj ET Q q 0 0 0 rg BT 536.96 311.10 Td (earlier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 299.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 87.44 299.10 Td (f ) Tj ET Q q 0 0 0 rg BT 92.22 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.33 299.10 Td (warranted. ) Tj ET Q q 0 0 0 rg BT 143.94 299.10 Td (A) Tj ET Q q 0 0 0 rg BT 150.61 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.05 299.10 Td (high ) Tj ET Q q 0 0 0 rg BT 171.28 299.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 216.02 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.80 299.10 Td (char) Tj ET Q q 0 0 0 rg BT 242.82 299.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 263.74 299.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 272.41 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.06 299.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 331.37 299.10 Td (before ) Tj ET Q q 0 0 0 rg BT 358.35 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.01 299.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 401.78 299.10 Td (leases/loans ) Tj ET Q q 0 0 0 rg BT 450.99 299.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 474.08 299.10 Td (154 ) Tj ET Q q 0 0 0 rg BT 490.53 299.10 Td (days ) Tj ET Q q 0 0 0 rg BT 510.30 299.10 Td (contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (past ) Tj ET Q q 0 0 0 rg BT 67.36 287.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 86.06 287.10 Td (due ) Tj ET Q q 0 0 0 rg BT 102.25 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.78 287.10 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 156.86 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.95 287.10 Td (non-responsiveness ) Tj ET Q q 0 0 0 rg BT 247.02 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.10 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.08 287.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 296.71 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.79 287.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 342.89 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.14 287.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 367.79 287.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 388.99 287.10 Td (char) Tj ET Q q 0 0 0 rg BT 406.01 287.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 421.10 287.10 Td (of) Tj ET Q q 0 0 0 rg BT 429.25 287.10 Td (f ) Tj ET Q q 0 0 0 rg BT 434.33 287.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 459.96 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.16 287.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 499.02 287.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.77 287.10 Td (an ) Tj ET Q q 0 0 0 rg BT 521.97 287.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.73 275.10 Td (when ) Tj ET Q q 0 0 0 rg BT 97.61 275.10 Td (there ) Tj ET Q q 0 0 0 rg BT 120.83 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.72 275.10 Td (no ) Tj ET Q q 0 0 0 rg BT 143.95 275.10 Td (realistic ) Tj ET Q q 0 0 0 rg BT 178.83 275.10 Td (prospect ) Tj ET Q q 0 0 0 rg BT 215.93 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.49 275.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 261.81 275.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.54 275.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 291.31 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.98 275.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 332.19 275.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 380.39 275.10 Td (that ) Tj ET Q q 0 0 0 rg BT 398.61 275.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.04 275.10 Td (char) Tj ET Q q 0 0 0 rg BT 431.07 275.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 456.99 275.10 Td (f ) Tj ET Q q 0 0 0 rg BT 463.54 275.10 Td (during ) Tj ET Q q 0 0 0 rg BT 492.88 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.32 275.10 Td (period ) Tj ET Q q 0 0 0 rg BT 537.09 275.10 Td (are ) Tj ET Q q 0 0 0 rg BT 552.53 275.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.33 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.60 263.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 132.54 263.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 174.47 263.10 Td (ef) Tj ET Q q 0 0 0 rg BT 182.05 263.10 Td (forts. ) Tj ET Q q 0 0 0 rg BT 205.38 263.10 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 200.60000000000002 m 295 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 200.60000000000002 m 343 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 200.60000000000002 m 391 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 200.60000000000002 m 446 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 200.60000000000002 m 504 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 200.60000000000002 m 561 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 200.60000000000002 m 295 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 200.60000000000002 m 343 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 200.60000000000002 m 391 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 200.60000000000002 m 446 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 200.60000000000002 m 504 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 200.60000000000002 m 561 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 172.60000000000002 m 295 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 172.60000000000002 m 343 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 172.60000000000002 m 391 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 172.60000000000002 m 446 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 172.60000000000002 m 504 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 172.60000000000002 m 561 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 172.60000000000002 m 295 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 158.60000000000002 m 295 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 172.60000000000002 m 343 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 158.60000000000002 m 343 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 172.60000000000002 m 391 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 158.60000000000002 m 391 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 172.60000000000002 m 446 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 158.60000000000002 m 446 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 172.60000000000002 m 504 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 158.60000000000002 m 504 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 172.60000000000002 m 561 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 158.60000000000002 m 561 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 144.60000000000002 m 295 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 144.60000000000002 m 343 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 144.60000000000002 m 391 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 144.60000000000002 m 446 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 144.60000000000002 m 504 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 144.60000000000002 m 561 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 144.60000000000002 m 295 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 130.60000000000002 m 295 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 144.60000000000002 m 343 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 130.60000000000002 m 343 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 144.60000000000002 m 391 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 130.60000000000002 m 391 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 144.60000000000002 m 446 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 130.60000000000002 m 446 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 144.60000000000002 m 504 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 130.60000000000002 m 504 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 144.60000000000002 m 561 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 130.60000000000002 m 561 130.60000000000002 l s BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 452.4 229.76259765625002 m 557.468359375 229.76259765625002 l s q 0 0 0 rg BT 452.40 231.33 Td (As of December) Tj ET Q q 0 0 0 rg BT 519.97 231.33 Td ( 31, 2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 71.50 204.85 Td (\($ thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 256.65 205.28 Td (Curr) Tj ET Q q 0 0 0 rg BT 278.22 205.28 Td (ent) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.20 205.28 Td (1-30 days) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.15 215.28 Td (31 - 60) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.00 205.28 Td (days) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.15 215.28 Td (61 - 90) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.00 205.28 Td (days) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.50 215.28 Td (Over) Tj ET Q q 0 0 0 rg BT 488.06 215.28 Td ( 90) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.00 205.28 Td (days) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 535.60 205.28 Td (T) Tj ET Q q 0 0 0 rg BT 541.35 205.28 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 191.17 Td (Equipment lease receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.65 191.28 Td (431,995) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.65 191.28 Td (3,890) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 191.28 Td (3,310) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.65 191.28 Td (1,341) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 191.28 Td (3,594) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 191.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.65 191.28 Td (444,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 177.17 Td (Loan receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.65 177.28 Td (385,870) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.60 177.28 Td (1) Tj ET Q q 0 0 0 rg BT 316.60 177.28 Td (1,749) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 177.28 Td (2,832) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.15 177.28 Td (892) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 177.28 Td (2,532) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.65 177.28 Td (403,875) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.65 163.28 Td (817,865) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.60 163.28 Td (15,639) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 163.28 Td (6,142) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.65 163.28 Td (2,233) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 163.28 Td (6,126) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 163.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.65 163.28 Td (848,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 149.17 Td (Credit impaired) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.15 149.28 Td (515) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.15 149.28 Td (397) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 149.28 Td (1,317) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.65 149.28 Td (2,091) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 149.28 Td (5,999) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 149.28 Td (10,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 135.17 Td (Past due but not impaired) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.15 135.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.60 135.28 Td (15,242) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 135.28 Td (4,825) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.15 135.28 Td (142) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.15 135.28 Td (127) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 135.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 135.28 Td (20,336) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I20 Do Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (25) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 670.5 m 295 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 670.5 m 343 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 670.5 m 391 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 670.5 m 446 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 670.5 m 504 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 670.5 m 561 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 670.5 m 295 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 670.5 m 343 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 670.5 m 391 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 670.5 m 446 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 670.5 m 504 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 670.5 m 561 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 642.5 m 295 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 628.5 m 295 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 642.5 m 343 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 628.5 m 343 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 642.5 m 391 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 628.5 m 391 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 642.5 m 446 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 628.5 m 446 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 642.5 m 504 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 628.5 m 504 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 642.5 m 561 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 628.5 m 561 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 614.5 m 295 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 614.5 m 343 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 614.5 m 391 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 614.5 m 446 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 614.5 m 504 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 614.5 m 561 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 614.5 m 295 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 600.5 m 295 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 614.5 m 343 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 600.5 m 343 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 614.5 m 391 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 600.5 m 391 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 614.5 m 446 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 600.5 m 446 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 614.5 m 504 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 600.5 m 504 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 614.5 m 561 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 600.5 m 561 600.5 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 454.45 699.7333984375 m 557.47734375 699.7333984375 l s q 0 0 0 rg BT 454.45 701.07 Td (As of December31, 2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 71.50 674.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.95 675.17 Td (Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.30 675.17 Td (1-30 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 685.17 Td (31 - 60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 675.17 Td (days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 685.17 Td (61 - 90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 675.17 Td (days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 685.17 Td (Over 90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 675.17 Td (days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.05 675.17 Td (T) Tj ET Q q 0 0 0 rg BT 542.46 675.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 661.07 Td (Equipment lease receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 661.07 Td (434,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 661.07 Td (8,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 661.07 Td (2,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 661.07 Td (1,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 661.07 Td (2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 661.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 661.07 Td (449,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 647.07 Td (Loan receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 647.07 Td (296,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 647.07 Td (3,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 647.07 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 647.07 Td (545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 647.07 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 647.07 Td (300,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 633.07 Td (730,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 633.07 Td (1) Tj ET Q q 0 0 0 rg BT 316.60 633.07 Td (1,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 633.07 Td (2,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 633.07 Td (1,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 633.07 Td (2,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 633.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 633.07 Td (749,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 619.07 Td (Credit Impaired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 619.07 Td (544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 619.07 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 619.07 Td (1,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 619.07 Td (1,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 619.07 Td (2,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 619.07 Td (6,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 605.07 Td (Past due but not impaired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 605.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.60 605.07 Td (1) Tj ET Q q 0 0 0 rg BT 316.60 605.07 Td (1,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 605.07 Td (766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 605.07 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 605.07 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 605.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 605.07 Td (12,844) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.00 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 63.10 577.00 Td (Modifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.00 Td (In ) Tj ET Q q 0 0 0 rg BT 59.69 565.00 Td (cases ) Tj ET Q q 0 0 0 rg BT 82.65 565.00 Td (where ) Tj ET Q q 0 0 0 rg BT 108.94 565.00 Td (a ) Tj ET Q q 0 0 0 rg BT 115.24 565.00 Td (borrower ) Tj ET Q q 0 0 0 rg BT 153.75 565.00 Td (experiences ) Tj ET Q q 0 0 0 rg BT 202.80 565.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.64 565.00 Td (dif) Tj ET Q q 0 0 0 rg BT 250.57 565.00 Td (ficulties, ) Tj ET Q q 0 0 0 rg BT 287.14 565.00 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 320.10 565.00 Td (and ) Tj ET Q q 0 0 0 rg BT 336.40 565.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 357.15 565.00 Td (Chip ) Tj ET Q q 0 0 0 rg BT 378.46 565.00 Td (may ) Tj ET Q q 0 0 0 rg BT 397.53 565.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 419.94 565.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.00 565.00 Td (concessionary ) Tj ET Q q 0 0 0 rg BT 507.51 565.00 Td (modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.92 553.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.77 553.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 99.62 553.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.70 553.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 161.00 553.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.97 553.00 Td (a ) Tj ET Q q 0 0 0 rg BT 179.04 553.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 201.66 553.00 Td (or ) Tj ET Q q 0 0 0 rg BT 212.63 553.00 Td (loan. ) Tj ET Q q 0 0 0 rg BT 234.98 553.00 Td ( ) Tj ET Q q 0 0 0 rg BT 237.62 553.00 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 296.36 553.00 Td (may ) Tj ET Q q 0 0 0 rg BT 316.21 553.00 Td (include ) Tj ET Q q 0 0 0 rg BT 348.28 553.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 385.35 553.00 Td (deferrals, ) Tj ET Q q 0 0 0 rg BT 425.47 553.00 Td (extension ) Tj ET Q q 0 0 0 rg BT 466.43 553.00 Td (of ) Tj ET Q q 0 0 0 rg BT 477.40 553.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 530.57 553.00 Td (periods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 541.00 Td (other ) Tj ET Q q 0 0 0 rg BT 89.70 541.00 Td (modifications ) Tj ET Q q 0 0 0 rg BT 147.29 541.00 Td (intended ) Tj ET Q q 0 0 0 rg BT 184.33 541.00 Td (to ) Tj ET Q q 0 0 0 rg BT 194.72 541.00 Td (minimize ) Tj ET Q q 0 0 0 rg BT 235.09 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.92 541.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 291.40 541.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 309.56 541.00 Td (and ) Tj ET Q q 0 0 0 rg BT 326.61 541.00 Td (to ) Tj ET Q q 0 0 0 rg BT 336.99 541.00 Td (avoid ) Tj ET Q q 0 0 0 rg BT 361.82 541.00 Td (repossession ) Tj ET Q q 0 0 0 rg BT 414.98 541.00 Td (of ) Tj ET Q q 0 0 0 rg BT 425.91 541.00 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 468.22 541.00 Td ( ) Tj ET Q q 0 0 0 rg BT 470.82 541.00 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 504.53 541.00 Td (and ) Tj ET Q q 0 0 0 rg BT 521.57 541.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 543.07 541.00 Td (Chip ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.00 Td (have ) Tj ET Q q 0 0 0 rg BT 70.37 529.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 103.47 529.00 Td (in ) Tj ET Q q 0 0 0 rg BT 113.25 529.00 Td (place ) Tj ET Q q 0 0 0 rg BT 136.34 529.00 Td (to ) Tj ET Q q 0 0 0 rg BT 146.11 529.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 188.09 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 202.30 529.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 249.83 529.00 Td (remediation ) Tj ET Q q 0 0 0 rg BT 299.58 529.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 333.24 529.00 Td (based ) Tj ET Q q 0 0 0 rg BT 358.00 529.00 Td (on ) Tj ET Q q 0 0 0 rg BT 370.00 529.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.19 529.00 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 445.36 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 447.35 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 449.35 529.00 Td (Significant ) Tj ET Q q 0 0 0 rg BT 495.23 529.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 529.98 529.00 Td (in ) Tj ET Q q 0 0 0 rg BT 539.75 529.00 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 66.59 517.00 Td (\(Stage ) Tj ET Q q 0 0 0 rg BT 94.24 517.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 101.33 517.00 Td (categorization\) ) Tj ET Q q 0 0 0 rg BT 163.39 517.00 Td (is ) Tj ET Q q 0 0 0 rg BT 172.16 517.00 Td (assessed ) Tj ET Q q 0 0 0 rg BT 208.13 517.00 Td (based ) Tj ET Q q 0 0 0 rg BT 233.00 517.00 Td (on ) Tj ET Q q 0 0 0 rg BT 245.09 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.40 517.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 276.50 517.00 Td (of ) Tj ET Q q 0 0 0 rg BT 286.92 517.00 Td (default ) Tj ET Q q 0 0 0 rg BT 316.78 517.00 Td (at ) Tj ET Q q 0 0 0 rg BT 326.09 517.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 351.52 517.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 399.15 517.00 Td (of ) Tj ET Q q 0 0 0 rg BT 409.58 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.89 517.00 Td (original ) Tj ET Q q 0 0 0 rg BT 457.09 517.00 Td (asset. ) Tj ET Q q 0 0 0 rg BT 481.12 517.00 Td (Expected ) Tj ET Q q 0 0 0 rg BT 520.42 517.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.28 517.00 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 78.26 505.00 Td (from ) Tj ET Q q 0 0 0 rg BT 99.25 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.02 505.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 150.67 505.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 196.63 505.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 220.40 505.00 Td (are ) Tj ET Q q 0 0 0 rg BT 234.15 505.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 279.02 505.00 Td (when ) Tj ET Q q 0 0 0 rg BT 302.22 505.00 Td (calculating ) Tj ET Q q 0 0 0 rg BT 347.64 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 361.40 505.00 Td (ECL) Tj ET Q q 0 0 0 rg BT 379.92 505.00 Td ( ) Tj ET Q q 0 0 0 rg BT 381.47 505.00 Td (for ) Tj ET Q q 0 0 0 rg BT 394.68 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 408.44 505.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 446.09 505.00 Td (asset. ) Tj ET Q q 0 0 0 rg BT 469.58 505.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.13 505.00 Td (For ) Tj ET Q q 0 0 0 rg BT 486.57 505.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 517.54 505.00 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.00 Td (that ) Tj ET Q q 0 0 0 rg BT 68.22 493.00 Td (were ) Tj ET Q q 0 0 0 rg BT 91.38 493.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 131.21 493.00 Td (while ) Tj ET Q q 0 0 0 rg BT 157.15 493.00 Td (having ) Tj ET Q q 0 0 0 rg BT 188.10 493.00 Td (a ) Tj ET Q q 0 0 0 rg BT 196.26 493.00 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 231.09 493.00 Td (ECL, ) Tj ET Q q 0 0 0 rg BT 256.20 493.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.15 493.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 299.75 493.00 Td (and ) Tj ET Q q 0 0 0 rg BT 317.91 493.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 342.75 493.00 Td (can ) Tj ET Q q 0 0 0 rg BT 360.35 493.00 Td (revert ) Tj ET Q q 0 0 0 rg BT 387.40 493.00 Td (to ) Tj ET Q q 0 0 0 rg BT 398.90 493.00 Td (having ) Tj ET Q q 0 0 0 rg BT 429.85 493.00 Td (12-month ) Tj ET Q q 0 0 0 rg BT 472.46 493.00 Td (ECL) Tj ET Q q 0 0 0 rg BT 490.98 493.00 Td ( ) Tj ET Q q 0 0 0 rg BT 494.70 493.00 Td (after ) Tj ET Q q 0 0 0 rg BT 516.74 493.00 Td (a ) Tj ET Q q 0 0 0 rg BT 524.91 493.00 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 493.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.52 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 119.46 481.00 Td (improvement ) Tj ET Q q 0 0 0 rg BT 175.28 481.00 Td (in ) Tj ET Q q 0 0 0 rg BT 185.56 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 200.28 481.00 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 245.12 481.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.60 481.00 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.00 Td (The ) Tj ET Q q 0 0 0 rg BT 66.99 457.00 Td (net ) Tj ET Q q 0 0 0 rg BT 81.14 457.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.96 457.00 Td (in ) Tj ET Q q 0 0 0 rg BT 136.68 457.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 168.04 457.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 214.95 457.00 Td (that ) Tj ET Q q 0 0 0 rg BT 231.88 457.00 Td (have ) Tj ET Q q 0 0 0 rg BT 252.70 457.00 Td (been ) Tj ET Q q 0 0 0 rg BT 273.51 457.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 311.56 457.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 324.60 457.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 346.54 457.00 Td (or ) Tj ET Q q 0 0 0 rg BT 356.81 457.00 Td (prior\) ) Tj ET Q q 0 0 0 rg BT 381.52 457.00 Td (and ) Tj ET Q q 0 0 0 rg BT 397.89 457.00 Td (are ) Tj ET Q q 0 0 0 rg BT 412.04 457.00 Td (current ) Tj ET Q q 0 0 0 rg BT 442.29 457.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 457.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 509.47 457.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.47 457.00 Td ( ) Tj ET Q q 0 0 0 rg BT 531.41 457.00 Td (is ) Tj ET Q q 0 0 0 rg BT 540.02 457.00 Td ($13.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.00 Td (million ) Tj ET Q q 0 0 0 rg BT 80.74 445.00 Td (\(December ) Tj ET Q q 0 0 0 rg BT 127.50 445.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 142.34 445.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 164.69 445.00 Td (- ) Tj ET Q q 0 0 0 rg BT 170.36 445.00 Td ($14.8 ) Tj ET Q q 0 0 0 rg BT 195.21 445.00 Td (million\). ) Tj ET Q q 0 0 0 rg BT 232.27 445.00 Td (On ) Tj ET Q q 0 0 0 rg BT 246.84 445.00 Td (average ) Tj ET Q q 0 0 0 rg BT 280.27 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 294.83 445.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 319.39 445.00 Td (have ) Tj ET Q q 0 0 0 rg BT 340.62 445.00 Td (been ) Tj ET Q q 0 0 0 rg BT 361.84 445.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 400.29 445.00 Td (to ) Tj ET Q q 0 0 0 rg BT 410.41 445.00 Td (extend ) Tj ET Q q 0 0 0 rg BT 439.41 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.97 445.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 492.41 445.00 Td (by ) Tj ET Q q 0 0 0 rg BT 504.76 445.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.00 Td (one ) Tj ET Q q 0 0 0 rg BT 66.22 433.00 Td (to ) Tj ET Q q 0 0 0 rg BT 76.27 433.00 Td (three ) Tj ET Q q 0 0 0 rg BT 98.54 433.00 Td (months, ) Tj ET Q q 0 0 0 rg BT 132.76 433.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 176.69 433.00 Td (on ) Tj ET Q q 0 0 0 rg BT 188.97 433.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.47 433.00 Td (modification. ) Tj ET Q q 0 0 0 rg BT 259.34 433.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 293.28 433.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 340.53 433.00 Td (modified ) Tj ET Q q 0 0 0 rg BT 378.91 433.00 Td (during ) Tj ET Q q 0 0 0 rg BT 407.29 433.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.79 433.00 Td (year ) Tj ET Q q 0 0 0 rg BT 441.27 433.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 433.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.43 433.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.79 433.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.79 433.00 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 433.00 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.00 Td (a ) Tj ET Q q 0 0 0 rg BT 57.04 421.00 Td (total ) Tj ET Q q 0 0 0 rg BT 77.91 421.00 Td (net ) Tj ET Q q 0 0 0 rg BT 93.23 421.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 140.21 421.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.09 421.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 183.61 421.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 227.79 421.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 261.42 421.00 Td (at ) Tj ET Q q 0 0 0 rg BT 271.74 421.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.05 421.00 Td (time ) Tj ET Q q 0 0 0 rg BT 307.93 421.00 Td (of ) Tj ET Q q 0 0 0 rg BT 319.36 421.00 Td (modification ) Tj ET Q q 0 0 0 rg BT 373.55 421.00 Td (of ) Tj ET Q q 0 0 0 rg BT 384.98 421.00 Td ($27.1 ) Tj ET Q q 0 0 0 rg BT 410.58 421.00 Td (million ) Tj ET Q q 0 0 0 rg BT 442.58 421.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 469.00 421.00 Td (- ) Tj ET Q q 0 0 0 rg BT 475.43 421.00 Td ($25.6 ) Tj ET Q q 0 0 0 rg BT 501.03 421.00 Td (million\). ) Tj ET Q q 0 0 0 rg BT 538.63 421.00 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.30 409.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 114.75 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.89 409.00 Td (net ) Tj ET Q q 0 0 0 rg BT 145.02 409.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 191.82 409.00 Td (in ) Tj ET Q q 0 0 0 rg BT 202.52 409.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 234.86 409.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 278.86 409.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 316.20 409.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 338.55 409.00 Td (to ) Tj ET Q q 0 0 0 rg BT 349.25 409.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 390.49 409.00 Td (collected ) Tj ET Q q 0 0 0 rg BT 429.50 409.00 Td (since ) Tj ET Q q 0 0 0 rg BT 452.96 409.00 Td (modification, ) Tj ET Q q 0 0 0 rg BT 509.48 409.00 Td (or ) Tj ET Q q 0 0 0 rg BT 520.73 409.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 547.52 409.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.00 Td (terminated ) Tj ET Q q 0 0 0 rg BT 94.76 397.00 Td (early ) Tj ET Q q 0 0 0 rg BT 117.24 397.00 Td (after ) Tj ET Q q 0 0 0 rg BT 138.06 397.00 Td (modifications ) Tj ET Q q 0 0 0 rg BT 195.55 397.00 Td (or ) Tj ET Q q 0 0 0 rg BT 206.38 397.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 232.76 397.00 Td (char) Tj ET Q q 0 0 0 rg BT 249.78 397.00 Td (ged-of) Tj ET Q q 0 0 0 rg BT 275.70 397.00 Td (f ) Tj ET Q q 0 0 0 rg BT 281.53 397.00 Td (after ) Tj ET Q q 0 0 0 rg BT 302.35 397.00 Td (modification.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.00 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 61.99 373.00 Td (Collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.00 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 82.89 361.00 Td (and ) Tj ET Q q 0 0 0 rg BT 99.62 361.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 120.80 361.00 Td (Chip ) Tj ET Q q 0 0 0 rg BT 142.54 361.00 Td (are ) Tj ET Q q 0 0 0 rg BT 157.04 361.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 189.32 361.00 Td (to ) Tj ET Q q 0 0 0 rg BT 199.40 361.00 Td (repossess ) Tj ET Q q 0 0 0 rg BT 239.46 361.00 Td (financed ) Tj ET Q q 0 0 0 rg BT 276.18 361.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 320.68 361.00 Td (if ) Tj ET Q q 0 0 0 rg BT 329.08 361.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.59 361.00 Td (borrower ) Tj ET Q q 0 0 0 rg BT 382.53 361.00 Td (defaults ) Tj ET Q q 0 0 0 rg BT 416.48 361.00 Td (on ) Tj ET Q q 0 0 0 rg BT 428.77 361.00 Td (their ) Tj ET Q q 0 0 0 rg BT 449.39 361.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 471.67 361.00 Td (or ) Tj ET Q q 0 0 0 rg BT 482.29 361.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.80 361.00 Td (contract. ) Tj ET Q q 0 0 0 rg BT 538.63 361.00 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.00 Td (a ) Tj ET Q q 0 0 0 rg BT 56.37 349.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 78.78 349.00 Td (or ) Tj ET Q q 0 0 0 rg BT 89.53 349.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 109.18 349.00 Td (is ) Tj ET Q q 0 0 0 rg BT 118.27 349.00 Td (char) Tj ET Q q 0 0 0 rg BT 135.30 349.00 Td (ged-of) Tj ET Q q 0 0 0 rg BT 161.22 349.00 Td (f, ) Tj ET Q q 0 0 0 rg BT 169.48 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.12 349.00 Td (related ) Tj ET Q q 0 0 0 rg BT 213.75 349.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 258.39 349.00 Td (no ) Tj ET Q q 0 0 0 rg BT 270.81 349.00 Td (longer ) Tj ET Q q 0 0 0 rg BT 298.79 349.00 Td (has ) Tj ET Q q 0 0 0 rg BT 314.54 349.00 Td (a ) Tj ET Q q 0 0 0 rg BT 321.41 349.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 357.15 349.00 Td (value ) Tj ET Q q 0 0 0 rg BT 381.23 349.00 Td (on ) Tj ET Q q 0 0 0 rg BT 393.66 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 408.30 349.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 461.27 349.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.68 349.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 545.28 349.00 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.68 337.00 Td (recovered ) Tj ET Q q 0 0 0 rg BT 127.38 337.00 Td (from ) Tj ET Q q 0 0 0 rg BT 149.11 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 163.62 337.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 181.46 337.00 Td (of ) Tj ET Q q 0 0 0 rg BT 192.08 337.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 236.59 337.00 Td (after ) Tj ET Q q 0 0 0 rg BT 257.19 337.00 Td (a ) Tj ET Q q 0 0 0 rg BT 263.92 337.00 Td (char) Tj ET Q q 0 0 0 rg BT 280.95 337.00 Td (ge-of) Tj ET Q q 0 0 0 rg BT 301.87 337.00 Td (f, ) Tj ET Q q 0 0 0 rg BT 309.99 337.00 Td (are ) Tj ET Q q 0 0 0 rg BT 324.49 337.00 Td (credited ) Tj ET Q q 0 0 0 rg BT 358.98 337.00 Td (to ) Tj ET Q q 0 0 0 rg BT 369.05 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.56 337.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 426.38 337.00 Td (for ) Tj ET Q q 0 0 0 rg BT 440.33 337.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 465.39 337.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 491.57 337.00 Td (when ) Tj ET Q q 0 0 0 rg BT 515.52 337.00 Td (received. ) Tj ET Q q 0 0 0 rg BT 554.18 337.00 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.64 325.00 Td (year ) Tj ET Q q 0 0 0 rg BT 84.76 325.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 111.56 325.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.56 325.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 195.98 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 211.12 325.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 249.58 325.00 Td (from ) Tj ET Q q 0 0 0 rg BT 271.94 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.07 325.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 322.77 325.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.02 325.00 Td (repossessed ) Tj ET Q q 0 0 0 rg BT 384.15 325.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.29 325.00 Td (that ) Tj ET Q q 0 0 0 rg BT 447.20 325.00 Td (was ) Tj ET Q q 0 0 0 rg BT 465.67 325.00 Td (char) Tj ET Q q 0 0 0 rg BT 482.70 325.00 Td (ged-of) Tj ET Q q 0 0 0 rg BT 508.62 325.00 Td (f ) Tj ET Q q 0 0 0 rg BT 514.87 325.00 Td (totaled ) Tj ET Q q 0 0 0 rg BT 545.00 325.00 Td ($4.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (million ) Tj ET Q q 0 0 0 rg BT 80.54 313.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 106.02 313.00 Td (- ) Tj ET Q q 0 0 0 rg BT 111.50 313.00 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 131.15 313.00 Td (million\). ) Tj ET Q q 0 0 0 rg BT 168.02 313.00 Td (Repossessed ) Tj ET Q q 0 0 0 rg BT 220.72 313.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 265.08 313.00 Td (is ) Tj ET Q q 0 0 0 rg BT 273.89 313.00 Td (held ) Tj ET Q q 0 0 0 rg BT 293.26 313.00 Td (at ) Tj ET Q q 0 0 0 rg BT 302.63 313.00 Td (various ) Tj ET Q q 0 0 0 rg BT 334.21 313.00 Td (warehouses ) Tj ET Q q 0 0 0 rg BT 383.01 313.00 Td (by ) Tj ET Q q 0 0 0 rg BT 395.16 313.00 Td (the ) Tj ET Q q 0 0 0 rg BT 409.52 313.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 454.44 313.00 Td (contracted ) Tj ET Q q 0 0 0 rg BT 498.23 313.00 Td (to ) Tj ET Q q 0 0 0 rg BT 508.15 313.00 Td (repossess ) Tj ET Q q 0 0 0 rg BT 548.07 313.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.00 Td (sell ) Tj ET Q q 0 0 0 rg BT 65.89 301.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.60 301.00 Td (equipment. ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I21 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 277.00 Td (7. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 277.00 Td (RIGHT) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 80.06 277.00 Td (-T) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 89.31 277.00 Td (O-USE ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 123.39 277.00 Td (ASSETS ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 165.81 277.00 Td (AND PREMISES LEASES P) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 293.43 277.00 Td (A) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 299.73 277.00 Td (Y) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 305.48 277.00 Td (ABLE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 253.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.90 253.00 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 100.44 253.00 Td (16, ) Tj ET Q q 0 0 0 rg BT 115.35 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.98 253.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.28 253.00 Td (assesses ) Tj ET Q q 0 0 0 rg BT 206.46 253.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 241.08 253.00 Td (a ) Tj ET Q q 0 0 0 rg BT 247.93 253.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 282.55 253.00 Td (is, ) Tj ET Q q 0 0 0 rg BT 294.13 253.00 Td (or ) Tj ET Q q 0 0 0 rg BT 304.87 253.00 Td (contains, ) Tj ET Q q 0 0 0 rg BT 343.11 253.00 Td (a ) Tj ET Q q 0 0 0 rg BT 349.96 253.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 372.36 253.00 Td (based ) Tj ET Q q 0 0 0 rg BT 397.54 253.00 Td (on ) Tj ET Q q 0 0 0 rg BT 409.95 253.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 444.57 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 459.20 253.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 493.81 253.00 Td (conveys ) Tj ET Q q 0 0 0 rg BT 528.99 253.00 Td (the ) Tj ET Q q 0 0 0 rg BT 543.62 253.00 Td (right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.00 Td (to ) Tj ET Q q 0 0 0 rg BT 60.48 241.00 Td (control ) Tj ET Q q 0 0 0 rg BT 92.01 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.44 241.00 Td (use ) Tj ET Q q 0 0 0 rg BT 123.97 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 135.51 241.00 Td (an ) Tj ET Q q 0 0 0 rg BT 148.15 241.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 189.68 241.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 212.32 241.00 Td (for ) Tj ET Q q 0 0 0 rg BT 227.19 241.00 Td (a ) Tj ET Q q 0 0 0 rg BT 234.83 241.00 Td (period ) Tj ET Q q 0 0 0 rg BT 263.58 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.12 241.00 Td (time ) Tj ET Q q 0 0 0 rg BT 296.10 241.00 Td (in ) Tj ET Q q 0 0 0 rg BT 307.08 241.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 348.04 241.00 Td (for ) Tj ET Q q 0 0 0 rg BT 362.91 241.00 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 422.49 241.00 Td (Included ) Tj ET Q q 0 0 0 rg BT 460.68 241.00 Td (in ) Tj ET Q q 0 0 0 rg BT 471.66 241.00 Td (right-to-use ) Tj ET Q q 0 0 0 rg BT 521.52 241.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.06 241.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.00 Td (premises ) Tj ET Q q 0 0 0 rg BT 87.35 229.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 113.53 229.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 146.92 229.00 Td (are ) Tj ET Q q 0 0 0 rg BT 161.43 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.95 229.00 Td (Company) Tj ET Q q 0 0 0 rg BT 217.62 229.00 Td (s ) Tj ET Q q 0 0 0 rg BT 223.81 229.00 Td (leased ) Tj ET Q q 0 0 0 rg BT 251.10 229.00 Td (of) Tj ET Q q 0 0 0 rg BT 259.25 229.00 Td (fices ) Tj ET Q q 0 0 0 rg BT 280.43 229.00 Td (at ) Tj ET Q q 0 0 0 rg BT 289.95 229.00 Td (the ) Tj ET Q q 0 0 0 rg BT 304.47 229.00 Td (Pawnee, ) Tj ET Q q 0 0 0 rg BT 340.20 229.00 Td (T) Tj ET Q q 0 0 0 rg BT 345.61 229.00 Td (andem, ) Tj ET Q q 0 0 0 rg BT 377.07 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.81 229.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 415.00 229.00 Td (Chip ) Tj ET Q q 0 0 0 rg BT 436.75 229.00 Td (locations. ) Tj ET Q q 0 0 0 rg BT 477.65 229.00 Td (For ) Tj ET Q q 0 0 0 rg BT 493.85 229.00 Td (such ) Tj ET Q q 0 0 0 rg BT 514.48 229.00 Td (agreements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.82 217.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.82 217.00 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 149.68 217.00 Td (a ) Tj ET Q q 0 0 0 rg BT 156.22 217.00 Td (right-to-use ) Tj ET Q q 0 0 0 rg BT 204.99 217.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 226.53 217.00 Td (and ) Tj ET Q q 0 0 0 rg BT 243.08 217.00 Td (a ) Tj ET Q q 0 0 0 rg BT 249.62 217.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 271.71 217.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 304.93 217.00 Td (at ) Tj ET Q q 0 0 0 rg BT 314.25 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.58 217.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 350.67 217.00 Td (commencement ) Tj ET Q q 0 0 0 rg BT 416.08 217.00 Td (date. ) Tj ET Q q 0 0 0 rg BT 437.34 217.00 Td (Measurement ) Tj ET Q q 0 0 0 rg BT 493.88 217.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 528.19 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 217.00 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.00 Td (term ) Tj ET Q q 0 0 0 rg BT 70.18 205.00 Td (to ) Tj ET Q q 0 0 0 rg BT 80.31 205.00 Td (be ) Tj ET Q q 0 0 0 rg BT 92.10 205.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 139.43 205.00 Td (which ) Tj ET Q q 0 0 0 rg BT 166.22 205.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 201.90 205.00 Td (optional ) Tj ET Q q 0 0 0 rg BT 237.03 205.00 Td (extension ) Tj ET Q q 0 0 0 rg BT 277.71 205.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 309.50 205.00 Td (only ) Tj ET Q q 0 0 0 rg BT 329.63 205.00 Td (if ) Tj ET Q q 0 0 0 rg BT 338.09 205.00 Td (they ) Tj ET Q q 0 0 0 rg BT 357.66 205.00 Td (are ) Tj ET Q q 0 0 0 rg BT 372.22 205.00 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 417.88 205.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 447.44 205.00 Td (to ) Tj ET Q q 0 0 0 rg BT 457.57 205.00 Td (be ) Tj ET Q q 0 0 0 rg BT 469.36 205.00 Td (exercised. ) Tj ET Q q 0 0 0 rg BT 511.97 205.00 Td (Determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 193.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 86.70 193.00 Td (term ) Tj ET Q q 0 0 0 rg BT 107.53 193.00 Td (is ) Tj ET Q q 0 0 0 rg BT 116.70 193.00 Td (judgmental.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 169.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 91.55 169.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 125.91 169.00 Td (is ) Tj ET Q q 0 0 0 rg BT 135.84 169.00 Td (initially ) Tj ET Q q 0 0 0 rg BT 170.20 169.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 211.78 169.00 Td (at ) Tj ET Q q 0 0 0 rg BT 222.25 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.72 169.00 Td (present ) Tj ET Q q 0 0 0 rg BT 269.86 169.00 Td (value ) Tj ET Q q 0 0 0 rg BT 294.77 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.36 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.83 169.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 345.07 169.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 386.65 169.00 Td (that ) Tj ET Q q 0 0 0 rg BT 404.91 169.00 Td (are ) Tj ET Q q 0 0 0 rg BT 420.37 169.00 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 450.84 169.00 Td (at ) Tj ET Q q 0 0 0 rg BT 461.32 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 476.79 169.00 Td (commencement ) Tj ET Q q 0 0 0 rg BT 543.35 169.00 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.00 Td (discounted ) Tj ET Q q 0 0 0 rg BT 95.34 157.00 Td (using ) Tj ET Q q 0 0 0 rg BT 119.52 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.26 157.00 Td (Company) Tj ET Q q 0 0 0 rg BT 175.92 157.00 Td (s ) Tj ET Q q 0 0 0 rg BT 182.33 157.00 Td (incremental ) Tj ET Q q 0 0 0 rg BT 232.04 157.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 276.21 157.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 293.71 157.00 Td (because ) Tj ET Q q 0 0 0 rg BT 327.87 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.61 157.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 360.11 157.00 Td (implicit ) Tj ET Q q 0 0 0 rg BT 393.73 157.00 Td (in ) Tj ET Q q 0 0 0 rg BT 404.02 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 418.75 157.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 441.25 157.00 Td (is ) Tj ET Q q 0 0 0 rg BT 450.44 157.00 Td (not ) Tj ET Q q 0 0 0 rg BT 465.73 157.00 Td (known. ) Tj ET Q q 0 0 0 rg BT 497.79 157.00 Td (The ) Tj ET Q q 0 0 0 rg BT 515.85 157.00 Td (right-to-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 73.03 145.00 Td (is ) Tj ET Q q 0 0 0 rg BT 83.79 145.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 126.20 145.00 Td (based ) Tj ET Q q 0 0 0 rg BT 153.06 145.00 Td (on ) Tj ET Q q 0 0 0 rg BT 167.15 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.46 145.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 210.89 145.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 244.97 145.00 Td (of ) Tj ET Q q 0 0 0 rg BT 257.40 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 273.70 145.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 297.78 145.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 332.98 145.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 370.40 145.00 Td (for ) Tj ET Q q 0 0 0 rg BT 386.15 145.00 Td (any ) Tj ET Q q 0 0 0 rg BT 404.68 145.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.76 145.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 471.18 145.00 Td (made ) Tj ET Q q 0 0 0 rg BT 496.93 145.00 Td (at ) Tj ET Q q 0 0 0 rg BT 508.23 145.00 Td (or ) Tj ET Q q 0 0 0 rg BT 520.66 145.00 Td (before ) Tj ET Q q 0 0 0 rg BT 550.29 145.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.00 Td (commencement ) Tj ET Q q 0 0 0 rg BT 115.35 133.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 137.06 133.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 156.28 133.00 Td (any ) Tj ET Q q 0 0 0 rg BT 173.26 133.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 199.14 133.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 224.46 133.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 247.00 133.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 282.87 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 299.86 133.00 Td (an ) Tj ET Q q 0 0 0 rg BT 311.84 133.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 347.71 133.00 Td (of ) Tj ET Q q 0 0 0 rg BT 358.59 133.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.14 133.00 Td (to ) Tj ET Q q 0 0 0 rg BT 391.47 133.00 Td (dismantle ) Tj ET Q q 0 0 0 rg BT 432.90 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 449.89 133.00 Td (remove ) Tj ET Q q 0 0 0 rg BT 482.42 133.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.19 133.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 543.06 133.00 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.00 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 121.00 Td (to ) Tj ET Q q 0 0 0 rg BT 70.61 121.00 Td (restore ) Tj ET Q q 0 0 0 rg BT 100.32 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.03 121.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 160.86 121.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 182.80 121.00 Td (or ) Tj ET Q q 0 0 0 rg BT 193.63 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 121.00 Td (site ) Tj ET Q q 0 0 0 rg BT 224.73 121.00 Td (on ) Tj ET Q q 0 0 0 rg BT 237.23 121.00 Td (which ) Tj ET Q q 0 0 0 rg BT 264.17 121.00 Td (it ) Tj ET Q q 0 0 0 rg BT 272.22 121.00 Td (is ) Tj ET Q q 0 0 0 rg BT 281.39 121.00 Td (located, ) Tj ET Q q 0 0 0 rg BT 315.27 121.00 Td (less ) Tj ET Q q 0 0 0 rg BT 332.77 121.00 Td (any ) Tj ET Q q 0 0 0 rg BT 349.71 121.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 372.19 121.00 Td (incentives ) Tj ET Q q 0 0 0 rg BT 415.23 121.00 Td (received. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.72 97.00 Td (right-to-use ) Tj ET Q q 0 0 0 rg BT 117.06 97.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.06 97.00 Td (are ) Tj ET Q q 0 0 0 rg BT 157.95 97.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 206.70 97.00 Td (over ) Tj ET Q q 0 0 0 rg BT 227.15 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.04 97.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 285.25 97.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 307.92 97.00 Td (term ) Tj ET Q q 0 0 0 rg BT 328.92 97.00 Td (using ) Tj ET Q q 0 0 0 rg BT 353.27 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.16 97.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 419.16 97.00 Td (method ) Tj ET Q q 0 0 0 rg BT 451.83 97.00 Td (as ) Tj ET Q q 0 0 0 rg BT 462.84 97.00 Td (this ) Tj ET Q q 0 0 0 rg BT 479.96 97.00 Td (most ) Tj ET Q q 0 0 0 rg BT 502.09 97.00 Td (closely ) Tj ET Q q 0 0 0 rg BT 533.09 97.00 Td (reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.32 85.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 100.46 85.00 Td (pattern ) Tj ET Q q 0 0 0 rg BT 129.83 85.00 Td (of ) Tj ET Q q 0 0 0 rg BT 139.77 85.00 Td (consumption ) Tj ET Q q 0 0 0 rg BT 193.04 85.00 Td (of ) Tj ET Q q 0 0 0 rg BT 202.98 85.00 Td (the ) Tj ET Q q 0 0 0 rg BT 216.80 85.00 Td (future ) Tj ET Q q 0 0 0 rg BT 242.28 85.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 282.76 85.00 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 318.52 85.00 Td (Lease ) Tj ET Q q 0 0 0 rg BT 343.45 85.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 367.27 85.00 Td (range ) Tj ET Q q 0 0 0 rg BT 391.08 85.00 Td (from ) Tj ET Q q 0 0 0 rg BT 412.13 85.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 418.73 85.00 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 85.00 Td (7 ) Tj ET Q q 0 0 0 rg BT 434.72 85.00 Td (years, ) Tj ET Q q 0 0 0 rg BT 459.93 85.00 Td (and ) Tj ET Q q 0 0 0 rg BT 475.97 85.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.80 85.00 Td (optional ) Tj ET Q q 0 0 0 rg BT 524.18 85.00 Td (extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.17 73.00 Td (have ) Tj ET Q q 0 0 0 rg BT 102.29 73.00 Td (been ) Tj ET Q q 0 0 0 rg BT 123.40 73.00 Td (excluded. ) Tj ET Q q 0 0 0 rg BT 164.23 73.00 Td (Right-to-use ) Tj ET Q q 0 0 0 rg BT 216.46 73.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 242.02 73.00 Td (are ) Tj ET Q q 0 0 0 rg BT 256.47 73.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 290.35 73.00 Td (by ) Tj ET Q q 0 0 0 rg BT 302.58 73.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 350.92 73.00 Td (losses, ) Tj ET Q q 0 0 0 rg BT 379.54 73.00 Td (if ) Tj ET Q q 0 0 0 rg BT 387.89 73.00 Td (any) Tj ET Q q 0 0 0 rg BT 401.68 73.00 Td (, ) Tj ET Q q 0 0 0 rg BT 406.41 73.00 Td (and ) Tj ET Q q 0 0 0 rg BT 423.08 73.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 458.65 73.00 Td (for ) Tj ET Q q 0 0 0 rg BT 472.54 73.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 501.98 73.00 Td (remeasurments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 61.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 97.53 61.00 Td (liability) Tj ET Q q 0 0 0 rg BT 127.99 61.00 Td (. ) Tj ET Q q 0 0 0 rg BT 132.81 61.00 Td (The ) Tj ET Q q 0 0 0 rg BT 150.86 61.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 173.34 61.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 206.95 61.00 Td (is ) Tj ET Q q 0 0 0 rg BT 216.12 61.00 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 270.84 61.00 Td (accounted ) Tj ET Q q 0 0 0 rg BT 313.87 61.00 Td (for ) Tj ET Q q 0 0 0 rg BT 328.03 61.00 Td (at ) Tj ET Q q 0 0 0 rg BT 337.75 61.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 380.23 61.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 398.84 61.00 Td (using ) Tj ET Q q 0 0 0 rg BT 423.01 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 437.72 61.00 Td (ef) Tj ET Q q 0 0 0 rg BT 445.31 61.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 475.01 61.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 506.95 61.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 524.43 61.00 Td (method.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 704.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 90.93 704.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 124.99 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.59 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.76 704.10 Td (Company) Tj ET Q q 0 0 0 rg BT 196.42 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 203.26 704.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 230.09 704.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.59 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.98 704.10 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 310.01 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.74 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.13 704.10 Td (future ) Tj ET Q q 0 0 0 rg BT 354.95 704.10 Td (period ) Tj ET Q q 0 0 0 rg BT 383.45 704.10 Td (if ) Tj ET Q q 0 0 0 rg BT 392.50 704.10 Td (there ) Tj ET Q q 0 0 0 rg BT 415.44 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.05 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.44 704.10 Td (change ) Tj ET Q q 0 0 0 rg BT 463.71 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.43 704.10 Td (future ) Tj ET Q q 0 0 0 rg BT 501.26 704.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.19 704.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 79.27 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 101.26 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.25 692.10 Td (change ) Tj ET Q q 0 0 0 rg BT 139.12 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.46 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.23 692.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 207.33 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 224.88 692.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 265.76 692.10 Td (options ) Tj ET Q q 0 0 0 rg BT 297.76 692.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.52 692.10 Td (exercised. ) Tj ET Q q 0 0 0 rg BT 355.33 692.10 Td (On ) Tj ET Q q 0 0 0 rg BT 370.11 692.10 Td (remeasuring ) Tj ET Q q 0 0 0 rg BT 422.08 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.08 692.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 451.61 692.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 498.31 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.30 692.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 95.88 680.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.05 680.10 Td (made ) Tj ET Q q 0 0 0 rg BT 129.21 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.49 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.20 680.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 190.02 680.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 222.51 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.34 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.06 680.10 Td (right-to-use ) Tj ET Q q 0 0 0 rg BT 297.21 680.10 Td (asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (The following table presents the right-to-use assets for the Company:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 615.6 m 551 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 557.6 m 551 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 497.6 m 551 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 482.6 m 551 482.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 635.27 Td (For the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.90 620.27 Td (December 31, 2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.10 606.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 218.5 590.9333984375 m 257.38671875 590.9333984375 l s q 0 0 0 rg BT 218.50 592.27 Td (Premises:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 577.27 Td (Balance, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 577.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 562.27 Td (Adoption of IFRS 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 562.27 Td (3,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 547.27 Td (Balance, January 1, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 547.27 Td (3,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 532.27 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 532.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 517.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 517.32 Td (\(678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 517.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 502.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 502.32 Td (\(135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 502.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 487.27 Td (Balance, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 487.27 Td (3,024) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 451.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 116.17 451.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 172.85 451.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.97 451.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 219.54 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.55 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.12 451.10 Td (related ) Tj ET Q q 0 0 0 rg BT 280.68 451.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 304.01 451.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 351.81 451.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.37 451.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 407.94 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.07 451.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.86 451.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 455.21 451.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 461.89 451.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 503.57 451.10 Td (payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.34 451.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 451.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 439.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.15 439.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.45 439.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 151.52 439.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.38 439.10 Td (these ) Tj ET Q q 0 0 0 rg BT 185.79 439.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 207.64 439.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 253.95 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.47 439.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.55 439.10 Td (year ) Tj ET Q q 0 0 0 rg BT 300.62 439.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 326.36 439.10 Td (December ) Tj ET Q q 0 0 0 rg BT 369.30 439.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 383.67 439.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.67 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.53 439.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.94 439.10 Td ($161,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.44 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.31 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.61 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.14 439.10 Td (included ) Tj ET Q q 0 0 0 rg BT 523.44 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.08 439.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 86.81 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.22 427.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.63 427.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 112.23 427.10 Td (outflow ) Tj ET Q q 0 0 0 rg BT 145.94 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.20 427.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 186.68 427.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.83 427.10 Td ($638,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.33 427.10 Td (. ) Tj ET Q q 0 0 0 rg BT 247.43 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.04 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.64 427.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 293.01 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.27 427.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 333.75 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.68 427.10 Td (low-dollar ) Tj ET Q q 0 0 0 rg BT 388.94 427.10 Td (value ) Tj ET Q q 0 0 0 rg BT 413.19 427.10 Td (items ) Tj ET Q q 0 0 0 rg BT 437.46 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 452.27 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 467.65 427.10 Td (material. ) Tj ET Q q 0 0 0 rg BT 505.51 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.11 427.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 547.50 427.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.53 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.90 415.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 121.14 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.94 415.10 Td (premises ) Tj ET Q q 0 0 0 rg BT 174.07 415.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 196.64 415.10 Td (term ) Tj ET Q q 0 0 0 rg BT 217.55 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.80 415.10 Td (two ) Tj ET Q q 0 0 0 rg BT 249.39 415.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 291.96 415.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 323.98 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.90 415.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 347.49 415.10 Td (month ) Tj ET Q q 0 0 0 rg BT 375.63 415.10 Td (each ) Tj ET Q q 0 0 0 rg BT 396.53 415.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.32 415.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.69 415.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 472.59 415.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.37 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.74 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.76 415.10 Td (exercised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 403.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.82 403.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 126.40 403.10 Td (been ) Tj ET Q q 0 0 0 rg BT 147.78 403.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 186.37 403.10 Td (from ) Tj ET Q q 0 0 0 rg BT 208.31 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.03 403.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 278.84 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.67 403.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 312.15 403.10 Td (obligations.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 362.6 m 551 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 304.6 m 551 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 244.60000000000002 m 551 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 229.60000000000002 m 551 229.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 382.27 Td (For the year ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.90 367.27 Td (December 31, 2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.10 353.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 218.5 337.93339843750005 m 318.470703125 337.93339843750005 l s q 0 0 0 rg BT 218.50 339.27 Td (Premises Leases Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 324.27 Td (Balance, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 309.27 Td (Adoption of IFRS 16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 309.27 Td (3,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 294.27 Td (Balance, January 1, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 294.27 Td (3,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 279.27 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 264.27 Td (Principal payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 264.32 Td (\(477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 249.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 249.32 Td (\(138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 249.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 234.27 Td (Balance, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 234.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 234.27 Td (3,222) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td ( ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I22 Do Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 703.75 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 703.75 Td (PROPERTY) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 104.33 703.75 Td ( ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 106.74 703.75 Td (AND EQUIPMENT) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 678.4169921875 m 188.083984375 678.4169921875 l s q 0 0 0 rg BT 49.50 679.75 Td (Description and accounting policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.75 Td (Property ) Tj ET Q q 0 0 0 rg BT 86.74 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 103.98 667.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 148.99 667.75 Td (are ) Tj ET Q q 0 0 0 rg BT 164.00 667.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 205.12 667.75 Td (at ) Tj ET Q q 0 0 0 rg BT 215.14 667.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 261.82 667.75 Td (or ) Tj ET Q q 0 0 0 rg BT 272.95 667.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 311.29 667.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 330.20 667.75 Td (less ) Tj ET Q q 0 0 0 rg BT 348.00 667.75 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 390.79 667.75 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 443.01 667.75 Td (based ) Tj ET Q q 0 0 0 rg BT 468.58 667.75 Td (on ) Tj ET Q q 0 0 0 rg BT 481.38 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 496.40 667.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 523.64 667.75 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.75 Td (lives ) Tj ET Q q 0 0 0 rg BT 70.84 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 81.62 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 96.29 655.75 Td (assets. ) Tj ET Q q 0 0 0 rg BT 124.57 655.75 Td (No ) Tj ET Q q 0 0 0 rg BT 139.25 655.75 Td (components ) Tj ET Q q 0 0 0 rg BT 190.03 655.75 Td (\(those ) Tj ET Q q 0 0 0 rg BT 216.92 655.75 Td (parts ) Tj ET Q q 0 0 0 rg BT 238.81 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.59 655.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 292.60 655.75 Td (property ) Tj ET Q q 0 0 0 rg BT 328.93 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.82 655.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 390.48 655.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.26 655.75 Td (having ) Tj ET Q q 0 0 0 rg BT 445.93 655.75 Td (dif) Tj ET Q q 0 0 0 rg BT 456.86 655.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 482.63 655.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 523.95 655.75 Td (lives ) Tj ET Q q 0 0 0 rg BT 545.29 655.75 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 643.75 Td (remainder ) Tj ET Q q 0 0 0 rg BT 107.26 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.10 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 132.83 643.75 Td (asset\) ) Tj ET Q q 0 0 0 rg BT 158.10 643.75 Td (have ) Tj ET Q q 0 0 0 rg BT 179.49 643.75 Td (been ) Tj ET Q q 0 0 0 rg BT 200.87 643.75 Td (identified. ) Tj ET Q q 0 0 0 rg BT 244.20 643.75 Td (Scheduled ) Tj ET Q q 0 0 0 rg BT 288.36 643.75 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 340.29 643.75 Td (is ) Tj ET Q q 0 0 0 rg BT 349.46 643.75 Td (based ) Tj ET Q q 0 0 0 rg BT 374.74 643.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.25 643.75 Td (20% ) Tj ET Q q 0 0 0 rg BT 408.08 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 418.37 643.75 Td (30% ) Tj ET Q q 0 0 0 rg BT 439.21 643.75 Td (declining ) Tj ET Q q 0 0 0 rg BT 478.93 643.75 Td (balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.46 643.75 Td ( ) Tj ET Q q 0 0 0 rg BT 511.97 643.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 541.13 643.75 Td (rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.75 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 631.75 Td (are ) Tj ET Q q 0 0 0 rg BT 91.15 631.75 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 135.30 631.75 Td (annually) Tj ET Q q 0 0 0 rg BT 169.08 631.75 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 586.25 m 421 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 586.25 m 491 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 586.25 m 561 586.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 511.25 m 421 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 511.25 m 491 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 511.25 m 561 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 451.25 m 421 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 451.25 m 491 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 451.25 m 561 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 436.25 m 421 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 436.25 m 491 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 436.25 m 561 436.25 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 226.50 590.50 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.35 610.92 Td (Furniture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.75 600.92 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.85 590.92 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 600.92 Td (Computer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.90 590.92 Td (hardware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.25 590.92 Td (T) Tj ET Q q 0 0 0 rg BT 526.66 590.92 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 575.93 Td (Cost:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 560.92 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 560.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 560.92 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 560.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 560.92 Td (2,1) Tj ET Q q 0 0 0 rg BT 477.15 560.92 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 560.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 560.92 Td (3,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 545.92 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 545.92 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 545.92 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 545.92 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 530.92 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 530.92 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 530.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 530.97 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 530.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 530.97 Td (\(107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 530.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 515.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 515.92 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 515.97 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 515.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 515.97 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 515.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 500.92 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 500.92 Td (1,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 500.92 Td (2,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 500.92 Td (3,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 485.92 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 485.92 Td (208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 485.92 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 485.92 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 470.92 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 470.92 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 470.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 470.97 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 470.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 470.97 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 470.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 455.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 455.92 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 455.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 455.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.80 455.97 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 455.92 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 440.93 Td (December) Tj ET Q q 0 0 0 rg BT 269.63 440.93 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.50 440.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 394.65 440.93 Td (1,397) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 440.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.65 440.93 Td (2,309) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.50 440.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 440.93 Td (3,706) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 379.25 m 421 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 379.25 m 491 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 379.25 m 561 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 305.25 m 421 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 305.25 m 491 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 305.25 m 421 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 305.25 m 491 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 305.25 m 561 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 245.25 m 421 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 230.25 m 421 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 245.25 m 491 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 230.25 m 491 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 245.25 m 561 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 230.25 m 561 230.25 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 226.50 383.50 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.35 403.92 Td (Furniture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.75 393.92 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.85 383.92 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 393.92 Td (Computer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.90 383.92 Td (hardware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.25 383.92 Td (T) Tj ET Q q 0 0 0 rg BT 526.66 383.92 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 369.93 Td (Accumulated depr) Tj ET Q q 0 0 0 rg BT 305.57 369.93 Td (eciation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 354.92 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 354.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 354.92 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 354.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 354.92 Td (902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 354.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 354.92 Td (1,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 339.92 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 339.92 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 339.92 Td (386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 339.92 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 324.92 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 324.92 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 324.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 324.97 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 324.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 324.97 Td (\(104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 324.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 309.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 309.92 Td (1) Tj ET Q q 0 0 0 rg BT 412.15 309.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 309.97 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 309.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.80 309.97 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 309.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 294.92 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 294.92 Td (578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 294.92 Td (1,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 294.92 Td (1,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 279.92 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 279.92 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 279.92 Td (373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 279.92 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 264.92 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 264.92 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 264.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 264.97 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 264.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 264.97 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 264.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 249.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 249.92 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 249.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 249.92 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 234.93 Td (December) Tj ET Q q 0 0 0 rg BT 269.63 234.93 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.50 234.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.15 234.93 Td (694) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 234.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.65 234.93 Td (1,585) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.50 234.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 234.93 Td (2,279) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 173.25 m 421 173.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 173.25 m 491 173.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 173.25 m 561 173.25 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 226.50 177.50 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.35 197.92 Td (Furniture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.75 187.92 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.85 177.92 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 187.92 Td (Computer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.90 177.92 Td (hardware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.25 177.92 Td (T) Tj ET Q q 0 0 0 rg BT 526.66 177.92 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 162.93 Td (Carrying amount:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 441.10 162.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 147.92 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 147.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 147.92 Td (722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 147.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 147.92 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 147.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 147.92 Td (1,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 132.92 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 132.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 132.92 Td (634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 132.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 132.92 Td (994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 132.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 132.92 Td (1,628) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.50 117.93 Td (December) Tj ET Q q 0 0 0 rg BT 269.63 117.93 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.50 117.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.15 117.93 Td (703) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 117.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.15 117.93 Td (724) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.50 117.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 117.93 Td (1,427) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I23 Do Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 692.10 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 692.10 Td (INT) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 64.87 692.10 Td (ANGIBLE ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 112.27 692.10 Td (ASSETS) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 666.7669921875 m 188.083984375 666.7669921875 l s q 0 0 0 rg BT 49.50 668.10 Td (Description and accounting policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 93.47 656.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 136.32 656.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 162.52 656.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.60 656.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 224.33 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.52 656.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.72 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.37 656.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 320.20 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 340.84 656.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 359.82 656.10 Td (38, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.19 656.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 418.96 656.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.96 656.10 Td (, ) Tj ET Q q 0 0 0 rg BT 449.32 656.10 Td (where ) Tj ET Q q 0 0 0 rg BT 476.62 656.10 Td (it ) Tj ET Q q 0 0 0 rg BT 485.04 656.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.58 656.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 532.43 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 656.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (use ) Tj ET Q q 0 0 0 rg BT 64.93 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 75.36 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.68 644.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 111.22 644.10 Td (will ) Tj ET Q q 0 0 0 rg BT 128.88 644.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 164.84 644.10 Td (future ) Tj ET Q q 0 0 0 rg BT 190.82 644.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.79 644.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 265.55 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.09 644.10 Td (where ) Tj ET Q q 0 0 0 rg BT 308.62 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.94 644.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 341.15 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.58 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.89 644.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 387.43 644.10 Td (can ) Tj ET Q q 0 0 0 rg BT 403.41 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.95 644.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 462.03 644.10 Td (reliably) Tj ET Q q 0 0 0 rg BT 491.93 644.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.53 644.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 539.17 644.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.99 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.26 632.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 136.43 632.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 183.36 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.64 632.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.81 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.20 632.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 262.81 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.31 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 295.58 632.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 350.86 632.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 381.68 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 391.96 632.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 411.13 632.10 Td (less ) Tj ET Q q 0 0 0 rg BT 429.19 632.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 482.79 632.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 536.39 632.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 556.39 632.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 95.59 620.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 148.62 620.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 197.21 620.10 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 596.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 94.24 596.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 115.50 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.20 596.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 168.57 596.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 194.28 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.86 596.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 245.12 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 255.82 596.10 Td (either ) Tj ET Q q 0 0 0 rg BT 280.96 596.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 304.44 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.14 596.10 Td (indefinite. ) Tj ET Q q 0 0 0 rg BT 358.34 596.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 412.92 596.10 Td (has ) Tj ET Q q 0 0 0 rg BT 428.62 596.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 475.98 596.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.35 596.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 515.71 596.10 Td (names ) Tj ET Q q 0 0 0 rg BT 543.63 596.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 90.47 584.10 Td (lives. ) Tj ET Q q 0 0 0 rg BT 114.31 584.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.51 584.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 161.26 584.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 215.01 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.87 584.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 275.83 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.26 584.10 Td (have ) Tj ET Q q 0 0 0 rg BT 307.78 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.87 584.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 338.62 584.10 Td (life ) Tj ET Q q 0 0 0 rg BT 354.60 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.68 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 386.54 584.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 429.17 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.82 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.91 584.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 491.54 584.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.51 584.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.60 572.10 Td (their ) Tj ET Q q 0 0 0 rg BT 90.25 572.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 130.89 572.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 157.66 572.10 Td (life ) Tj ET Q q 0 0 0 rg BT 173.31 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.97 572.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 209.06 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.17 572.10 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 247.59 572.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 273.51 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.67 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.55 572.10 Td (non-compete ) Tj ET Q q 0 0 0 rg BT 348.07 572.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 395.93 572.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.47 572.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 452.77 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.10 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.87 572.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 514.18 572.10 Td (straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.00 560.10 Td (over ) Tj ET Q q 0 0 0 rg BT 92.27 560.10 Td (their ) Tj ET Q q 0 0 0 rg BT 113.09 560.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 156.12 560.10 Td (life.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.31 536.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 120.11 536.10 Td (period ) Tj ET Q q 0 0 0 rg BT 147.92 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.63 536.10 Td (method ) Tj ET Q q 0 0 0 rg BT 196.89 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.48 536.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 260.28 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.21 536.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 316.46 536.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.06 536.10 Td (with ) Tj ET Q q 0 0 0 rg BT 362.10 536.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 385.47 536.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 406.62 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 421.09 536.10 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 465.01 536.10 Td (annually) Tj ET Q q 0 0 0 rg BT 498.79 536.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.56 536.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 540.26 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 536.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 77.03 524.10 Td (life ) Tj ET Q q 0 0 0 rg BT 93.44 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.86 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.73 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.04 524.10 Td (pattern ) Tj ET Q q 0 0 0 rg BT 161.89 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.31 524.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 215.27 524.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.02 524.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 283.09 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.39 524.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 342.01 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.76 524.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.85 524.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 409.60 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.90 524.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 478.53 524.10 Td (period ) Tj ET Q q 0 0 0 rg BT 507.17 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.59 524.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 554.17 524.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 99.65 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.21 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.54 512.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 159.87 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.32 512.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.65 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.55 512.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 260.54 512.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 302.37 512.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 345.04 512.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 370.49 512.10 Td (with ) Tj ET Q q 0 0 0 rg BT 390.39 512.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 430.83 512.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 457.39 512.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 478.40 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 492.73 512.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.63 512.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 549.73 512.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.08 500.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 89.77 500.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.80 500.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 152.27 500.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 189.08 500.10 Td (at ) Tj ET Q q 0 0 0 rg BT 198.67 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.25 500.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.39 500.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 277.96 500.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 295.89 500.10 Td (\("CGU"\) ) Tj ET Q q 0 0 0 rg BT 334.20 500.10 Td (level ) Tj ET Q q 0 0 0 rg BT 356.00 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.81 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 387.39 500.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 426.41 500.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 463.21 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.36 500.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 515.71 500.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 550.29 500.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 89.74 488.10 Td (life ) Tj ET Q q 0 0 0 rg BT 104.98 488.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 145.23 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.92 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 166.28 488.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 211.37 488.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 230.51 488.10 Td (change ) Tj ET Q q 0 0 0 rg BT 260.74 488.10 Td (from ) Tj ET Q q 0 0 0 rg BT 282.10 488.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 322.34 488.10 Td (life ) Tj ET Q q 0 0 0 rg BT 337.58 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.28 488.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 370.30 488.10 Td (life ) Tj ET Q q 0 0 0 rg BT 385.55 488.10 Td (would ) Tj ET Q q 0 0 0 rg BT 412.47 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.82 488.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 466.27 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.85 488.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 533.08 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 537.49 488.10 Td (CGUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.13 476.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 96.53 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.28 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.91 476.10 Td (smallest ) Tj ET Q q 0 0 0 rg BT 157.10 476.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 205.06 476.10 Td (group ) Tj ET Q q 0 0 0 rg BT 230.81 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.56 476.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.31 476.10 Td (that ) Tj ET Q q 0 0 0 rg BT 284.72 476.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 321.00 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 341.19 476.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 373.61 476.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.02 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.65 476.10 Td (lar) Tj ET Q q 0 0 0 rg BT 416.01 476.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 435.65 476.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 486.94 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.69 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.32 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 532.51 476.10 Td (inflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 464.10 Td (other ) Tj ET Q q 0 0 0 rg BT 94.49 464.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.32 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.15 464.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 160.87 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.70 464.10 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.85 440.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 103.75 440.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 150.29 440.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 199.07 440.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 217.31 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.65 440.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 287.64 440.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.66 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 323.01 440.10 Td (reversed ) Tj ET Q q 0 0 0 rg BT 359.55 440.10 Td (if ) Tj ET Q q 0 0 0 rg BT 368.34 440.10 Td (there ) Tj ET Q q 0 0 0 rg BT 391.01 440.10 Td (has ) Tj ET Q q 0 0 0 rg BT 407.02 440.10 Td (been ) Tj ET Q q 0 0 0 rg BT 428.58 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.70 440.10 Td (change ) Tj ET Q q 0 0 0 rg BT 466.69 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.15 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 440.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 544.18 440.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.06 428.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 100.82 428.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 149.23 428.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.01 428.10 Td (since ) Tj ET Q q 0 0 0 rg BT 203.34 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.34 428.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 253.56 428.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 301.44 428.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 318.78 428.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.11 428.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 384.13 428.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.45 428.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 436.55 428.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 468.33 428.10 Td (after ) Tj ET Q q 0 0 0 rg BT 488.42 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.42 428.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 535.85 428.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 80.05 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.07 416.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 131.19 416.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.98 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 181.78 416.10 Td (would ) Tj ET Q q 0 0 0 rg BT 209.58 416.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.26 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 252.93 416.10 Td (determined, ) Tj ET Q q 0 0 0 rg BT 303.21 416.10 Td (net ) Tj ET Q q 0 0 0 rg BT 318.23 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.36 416.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 385.20 416.10 Td (had ) Tj ET Q q 0 0 0 rg BT 402.44 416.10 Td (no ) Tj ET Q q 0 0 0 rg BT 415.24 416.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 464.14 416.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 482.50 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 504.18 416.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.84 416.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 404.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 86.16 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.43 404.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 118.37 404.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 144.47 404.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 378.7669921875 m 132.546875 378.7669921875 l s q 0 0 0 rg BT 49.50 380.10 Td (Significant estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.55 368.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.15 368.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 142.32 368.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 172.70 368.10 Td (several ) Tj ET Q q 0 0 0 rg BT 202.52 368.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 253.47 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.42 368.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 312.58 368.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 365.17 368.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.67 368.10 Td (have ) Tj ET Q q 0 0 0 rg BT 402.05 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.99 368.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.70 368.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 468.21 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.04 368.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 514.54 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.82 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.76 368.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 95.58 356.10 Td (within ) Tj ET Q q 0 0 0 rg BT 123.33 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.74 356.10 Td (next ) Tj ET Q q 0 0 0 rg BT 157.15 356.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.33 356.10 Td (year ) Tj ET Q q 0 0 0 rg BT 213.73 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.25 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.89 356.10 Td (result ) Tj ET Q q 0 0 0 rg BT 255.30 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.82 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.23 356.10 Td (value-in-use ) Tj ET Q q 0 0 0 rg BT 331.85 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.05 356.10 Td (\("VIU"\) ) Tj ET Q q 0 0 0 rg BT 368.84 356.10 Td (being ) Tj ET Q q 0 0 0 rg BT 393.25 356.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 425.43 356.10 Td (from ) Tj ET Q q 0 0 0 rg BT 447.07 356.10 Td (an ) Tj ET Q q 0 0 0 rg BT 458.70 356.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.21 356.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 544.73 356.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 69.99 344.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 99.49 344.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 119.42 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.25 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.62 344.10 Td (present ) Tj ET Q q 0 0 0 rg BT 173.66 344.10 Td (value ) Tj ET Q q 0 0 0 rg BT 197.47 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.96 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.33 344.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 262.81 344.10 Td (future ) Tj ET Q q 0 0 0 rg BT 288.85 344.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.77 344.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 333.15 344.10 Td (from ) Tj ET Q q 0 0 0 rg BT 354.75 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.12 344.10 Td (CGU ) Tj ET Q q 0 0 0 rg BT 392.40 344.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 437.88 344.10 Td (using ) Tj ET Q q 0 0 0 rg BT 461.71 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.30 344.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 498.78 344.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 515.92 344.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.07 344.10 Td (reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (current ) Tj ET Q q 0 0 0 rg BT 79.93 332.10 Td (market ) Tj ET Q q 0 0 0 rg BT 109.82 332.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 130.81 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.37 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.70 332.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 182.71 332.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 217.59 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.49 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.83 332.10 Td (business ) Tj ET Q q 0 0 0 rg BT 277.83 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.28 332.10 Td (each ) Tj ET Q q 0 0 0 rg BT 308.72 332.10 Td (CGU. ) Tj ET Q q 0 0 0 rg BT 334.45 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.41 332.10 Td (The ) Tj ET Q q 0 0 0 rg BT 354.08 332.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.96 332.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 398.30 332.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.63 332.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 444.73 332.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.29 332.10 Td (budgets ) Tj ET Q q 0 0 0 rg BT 499.52 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.29 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.63 332.10 Td (next ) Tj ET Q q 0 0 0 rg BT 546.96 332.10 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 74.48 320.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 115.29 320.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 167.76 320.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.24 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.06 320.10 Td (future ) Tj ET Q q 0 0 0 rg BT 246.31 320.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 297.96 320.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 322.11 320.10 Td (than ) Tj ET Q q 0 0 0 rg BT 340.70 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.30 320.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.45 320.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 393.16 320.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 434.25 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.84 320.10 Td (value-in-use ) Tj ET Q q 0 0 0 rg BT 498.64 320.10 Td (is ) Tj ET Q q 0 0 0 rg BT 506.69 320.10 Td (most ) Tj ET Q q 0 0 0 rg BT 527.52 320.10 Td (sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 308.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 110.88 308.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 128.37 308.10 Td (used ) Tj ET Q q 0 0 0 rg BT 149.20 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.14 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.85 308.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 211.68 308.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 229.17 308.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 261.10 308.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 293.04 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.76 308.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 346.34 308.10 Td (estimate. ) Tj ET Q q 0 0 0 rg BT 384.66 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.16 308.10 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 247.60000000000002 m 391 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 247.60000000000002 m 450 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 247.60000000000002 m 499 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 247.60000000000002 m 561 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 202.60000000000002 m 391 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 202.60000000000002 m 450 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 202.60000000000002 m 499 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 202.60000000000002 m 391 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 202.60000000000002 m 450 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 202.60000000000002 m 499 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 202.60000000000002 m 561 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 172.60000000000002 m 391 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 172.60000000000002 m 450 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 172.60000000000002 m 499 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 172.60000000000002 m 561 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 172.60000000000002 m 391 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 157.60000000000002 m 391 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 172.60000000000002 m 450 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 157.60000000000002 m 450 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 172.60000000000002 m 499 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 157.60000000000002 m 499 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 172.60000000000002 m 561 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 157.60000000000002 m 561 157.60000000000002 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 342.55 285.93339843750005 m 381.4220703125 285.93339843750005 l s q 0 0 0 rg BT 342.55 287.27 Td (Indefinite) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 341.85 275.93339843750005 m 382.113671875 275.93339843750005 l s q 0 0 0 rg BT 341.85 277.27 Td (useful life) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 413.45 275.93339843750005 m 479.5486328125 275.93339843750005 l s q 0 0 0 rg BT 413.45 277.27 Td (Finite useful life) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 199.50 251.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 252.06 Td (T) Tj ET Q q 0 0 0 rg BT 344.34 252.06 Td (rade names) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 261.06 Td (Broker) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 252.06 Td (relationships) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 261.06 Td (Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 252.06 Td (Compete) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.80 252.06 Td (T) Tj ET Q q 0 0 0 rg BT 527.67 252.06 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.50 237.28 Td (Cost:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.10 236.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 222.27 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 222.27 Td (7,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 222.27 Td (19,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 222.27 Td (1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 222.27 Td (28,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 207.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 207.27 Td (593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 207.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 207.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 207.27 Td (593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 192.27 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 192.27 Td (7,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 192.27 Td (19,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 192.27 Td (1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 192.27 Td (28,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 177.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 177.27 Td (\(353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 177.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 177.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 177.32 Td (\(353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 177.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.50 162.28 Td (December) Tj ET Q q 0 0 0 rg BT 242.63 162.28 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 336.50 162.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 162.28 Td (7,429) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.50 162.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.65 162.28 Td (19,517) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 456.50 162.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 162.28 Td (1,309) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 162.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 162.28 Td (28,255) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I24 Do Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (29) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 685.5 m 391 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 685.5 m 450 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 685.5 m 499 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 685.5 m 561 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 641.5 m 391 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 641.5 m 450 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 641.5 m 499 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 641.5 m 561 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 611.5 m 391 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 611.5 m 450 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 611.5 m 499 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 611.5 m 561 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 611.5 m 391 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 596.5 m 391 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 611.5 m 450 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 596.5 m 450 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 611.5 m 499 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 596.5 m 499 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 611.5 m 561 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 596.5 m 561 596.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 198.50 689.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 689.96 Td (T) Tj ET Q q 0 0 0 rg BT 344.34 689.96 Td (rade names) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.50 698.96 Td (Broker) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 689.96 Td (relationships) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 698.96 Td (Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 689.96 Td (Compete) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.80 689.96 Td (T) Tj ET Q q 0 0 0 rg BT 527.67 689.96 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.50 676.18 Td (Accumulated amortization:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.10 675.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 661.17 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 661.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 661.17 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.50 661.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 661.17 Td (7,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 661.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 661.17 Td (1,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 661.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 661.17 Td (8,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 646.17 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 646.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 646.17 Td (1,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 646.17 Td (237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 646.17 Td (1,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 631.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 631.17 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 631.17 Td (8,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 631.17 Td (1,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 631.17 Td (9,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 616.17 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 616.17 Td (1,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 616.17 Td (1,332) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.50 601.18 Td (December) Tj ET Q q 0 0 0 rg BT 241.63 601.18 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 336.50 601.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.15 601.18 Td (127) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.50 601.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.65 601.18 Td (9,739) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 456.50 601.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.65 601.18 Td (1,309) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.50 601.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 601.18 Td (1) Tj ET Q q 0 0 0 rg BT 534.65 601.18 Td (1,175) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 561.5 m 357 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 561.5 m 435 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 561.5 m 498 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 561.5 m 561 561.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.65 574.96 Td (T) Tj ET Q q 0 0 0 rg BT 325.99 574.96 Td (rade) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 565.96 Td (names) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 574.96 Td (Broker) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 565.96 Td (relationships) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 574.96 Td (Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.25 565.96 Td (Compete) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.30 565.96 Td (T) Tj ET Q q 0 0 0 rg BT 529.17 565.96 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.50 551.18 Td (Carrying amount:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.10 550.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 536.17 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 536.17 Td (7,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 536.17 Td (12,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.50 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 536.17 Td (237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 536.17 Td (19,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 521.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 521.17 Td (7,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 521.17 Td (1) Tj ET Q q 0 0 0 rg BT 408.65 521.17 Td (1,1) Tj ET Q q 0 0 0 rg BT 421.15 521.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 521.17 Td (18,765) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.50 506.18 Td (December) Tj ET Q q 0 0 0 rg BT 242.63 506.18 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.50 506.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 330.65 506.18 Td (7,302) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.50 506.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 408.65 506.18 Td (9,778) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.50 506.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.15 506.18 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.50 506.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 506.18 Td (17,080) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 478.00 Td (rade ) Tj ET Q q 0 0 0 rg BT 74.90 478.00 Td (names ) Tj ET Q q 0 0 0 rg BT 102.88 478.00 Td (were ) Tj ET Q q 0 0 0 rg BT 124.75 478.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 171.04 478.00 Td (in ) Tj ET Q q 0 0 0 rg BT 181.26 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 478.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 246.12 478.00 Td (of ) Tj ET Q q 0 0 0 rg BT 256.88 478.00 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 290.42 478.00 Td (and ) Tj ET Q q 0 0 0 rg BT 307.29 478.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 328.62 478.00 Td (Chip ) Tj ET Q q 0 0 0 rg BT 350.50 478.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.37 478.00 Td (can ) Tj ET Q q 0 0 0 rg BT 383.69 478.00 Td (be ) Tj ET Q q 0 0 0 rg BT 395.56 478.00 Td (renewed ) Tj ET Q q 0 0 0 rg BT 431.86 478.00 Td (annually) Tj ET Q q 0 0 0 rg BT 465.65 478.00 Td (, ) Tj ET Q q 0 0 0 rg BT 470.58 478.00 Td (at ) Tj ET Q q 0 0 0 rg BT 480.23 478.00 Td (nominal ) Tj ET Q q 0 0 0 rg BT 515.44 478.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 533.99 478.00 Td (and ) Tj ET Q q 0 0 0 rg BT 550.86 478.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.00 Td (an ) Tj ET Q q 0 0 0 rg BT 61.14 466.00 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 101.67 466.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 131.92 466.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.97 466.00 Td (There ) Tj ET Q q 0 0 0 rg BT 159.49 466.00 Td (is ) Tj ET Q q 0 0 0 rg BT 168.37 466.00 Td (no ) Tj ET Q q 0 0 0 rg BT 180.57 466.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 202.21 466.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 223.31 466.00 Td (to ) Tj ET Q q 0 0 0 rg BT 233.30 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.72 466.00 Td (life ) Tj ET Q q 0 0 0 rg BT 263.25 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 273.79 466.00 Td (these ) Tj ET Q q 0 0 0 rg BT 296.54 466.00 Td (trade ) Tj ET Q q 0 0 0 rg BT 318.73 466.00 Td (names. ) Tj ET Q q 0 0 0 rg BT 348.98 466.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.03 466.00 Td (The ) Tj ET Q q 0 0 0 rg BT 368.78 466.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 413.21 466.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.19 466.00 Td (which ) Tj ET Q q 0 0 0 rg BT 449.84 466.00 Td (these ) Tj ET Q q 0 0 0 rg BT 472.59 466.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 514.79 466.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 540.32 466.00 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.00 Td (have ) Tj ET Q q 0 0 0 rg BT 70.82 454.00 Td (established ) Tj ET Q q 0 0 0 rg BT 117.71 454.00 Td (names ) Tj ET Q q 0 0 0 rg BT 145.70 454.00 Td (in ) Tj ET Q q 0 0 0 rg BT 155.93 454.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.59 454.00 Td (market ) Tj ET Q q 0 0 0 rg BT 200.80 454.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 220.19 454.00 Td (given ) Tj ET Q q 0 0 0 rg BT 244.85 454.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.52 454.00 Td (stability ) Tj ET Q q 0 0 0 rg BT 294.19 454.00 Td (in ) Tj ET Q q 0 0 0 rg BT 304.41 454.00 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 454.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 353.18 454.00 Td (for ) Tj ET Q q 0 0 0 rg BT 367.29 454.00 Td (their ) Tj ET Q q 0 0 0 rg BT 388.06 454.00 Td (products ) Tj ET Q q 0 0 0 rg BT 424.95 454.00 Td (and ) Tj ET Q q 0 0 0 rg BT 441.83 454.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 478.99 454.00 Td (management ) Tj ET Q q 0 0 0 rg BT 532.53 454.00 Td (expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.00 Td (to ) Tj ET Q q 0 0 0 rg BT 60.10 442.00 Td (be ) Tj ET Q q 0 0 0 rg BT 72.37 442.00 Td (able ) Tj ET Q q 0 0 0 rg BT 91.85 442.00 Td (to ) Tj ET Q q 0 0 0 rg BT 102.46 442.00 Td (derive ) Tj ET Q q 0 0 0 rg BT 130.27 442.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 171.96 442.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 202.55 442.00 Td (from ) Tj ET Q q 0 0 0 rg BT 224.82 442.00 Td (these ) Tj ET Q q 0 0 0 rg BT 248.19 442.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 291.01 442.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 317.17 442.00 Td (for ) Tj ET Q q 0 0 0 rg BT 331.65 442.00 Td (an ) Tj ET Q q 0 0 0 rg BT 343.92 442.00 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 385.06 442.00 Td (period ) Tj ET Q q 0 0 0 rg BT 413.44 442.00 Td (of ) Tj ET Q q 0 0 0 rg BT 424.59 442.00 Td (time ) Tj ET Q q 0 0 0 rg BT 445.19 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 462.46 442.00 Td (has ) Tj ET Q q 0 0 0 rg BT 478.61 442.00 Td (therefore ) Tj ET Q q 0 0 0 rg BT 517.52 442.00 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.00 Td (them ) Tj ET Q q 0 0 0 rg BT 72.00 430.00 Td (to ) Tj ET Q q 0 0 0 rg BT 82.27 430.00 Td (be ) Tj ET Q q 0 0 0 rg BT 94.21 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 430.00 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 145.86 430.00 Td (life.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 406.00 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 406.00 Td (table ) Tj ET Q q 0 0 0 rg BT 130.87 406.00 Td (shows ) Tj ET Q q 0 0 0 rg BT 158.37 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.09 406.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 208.90 406.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 241.40 406.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.23 406.00 Td (indefinite-life ) Tj ET Q q 0 0 0 rg BT 309.71 406.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 352.20 406.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 378.03 406.00 Td (by ) Tj ET Q q 0 0 0 rg BT 390.53 406.00 Td (CGU ) Tj ET Q q 0 0 0 rg BT 414.14 406.00 Td (as ) Tj ET Q q 0 0 0 rg BT 424.97 406.00 Td (at:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 367.5 m 467 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 367.5 m 561 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 322.5 m 467 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 307.5 m 467 307.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 322.5 m 561 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 307.5 m 561 307.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.35 380.23 Td (December) Tj ET Q q 0 0 0 rg BT 448.48 380.23 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.50 370.23 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 380.07 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 370.12 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 451.10 356.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 342.17 Td (Pawnee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.50 342.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.65 342.18 Td (7,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 342.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 342.17 Td (7,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 327.17 Td (Blue Chip) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 327.18 Td (288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 327.17 Td (288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 312.17 Td (T) Tj ET Q q 0 0 0 rg BT 101.91 312.17 Td (otal indefinite-life intangible assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.50 312.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.65 312.18 Td (7,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 312.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 312.17 Td (7,655) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I25 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 254.00 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 254.00 Td (GOODWILL) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 228.6669921875 m 188.083984375 228.6669921875 l s q 0 0 0 rg BT 49.50 230.00 Td (Description and accounting policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.00 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.44 218.00 Td (is ) Tj ET Q q 0 0 0 rg BT 98.26 218.00 Td (initially ) Tj ET Q q 0 0 0 rg BT 131.53 218.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 172.00 218.00 Td (at ) Tj ET Q q 0 0 0 rg BT 181.38 218.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 199.64 218.00 Td (which ) Tj ET Q q 0 0 0 rg BT 226.24 218.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 268.93 218.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.30 218.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 311.56 218.00 Td (of ) Tj ET Q q 0 0 0 rg BT 322.05 218.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.42 218.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 352.46 218.00 Td (value ) Tj ET Q q 0 0 0 rg BT 376.27 218.00 Td (of ) Tj ET Q q 0 0 0 rg BT 386.76 218.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 442.79 218.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 462.16 218.00 Td (for ) Tj ET Q q 0 0 0 rg BT 475.98 218.00 Td (a ) Tj ET Q q 0 0 0 rg BT 482.57 218.00 Td (business ) Tj ET Q q 0 0 0 rg BT 518.62 218.00 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.00 Td (over ) Tj ET Q q 0 0 0 rg BT 69.60 206.00 Td (the ) Tj ET Q q 0 0 0 rg BT 84.14 206.00 Td (Company) Tj ET Q q 0 0 0 rg BT 125.81 206.00 Td (s ) Tj ET Q q 0 0 0 rg BT 132.03 206.00 Td (share ) Tj ET Q q 0 0 0 rg BT 155.45 206.00 Td (of ) Tj ET Q q 0 0 0 rg BT 166.11 206.00 Td (the ) Tj ET Q q 0 0 0 rg BT 180.66 206.00 Td (net ) Tj ET Q q 0 0 0 rg BT 195.20 206.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 211.41 206.00 Td (value ) Tj ET Q q 0 0 0 rg BT 235.39 206.00 Td (of ) Tj ET Q q 0 0 0 rg BT 246.05 206.00 Td (the ) Tj ET Q q 0 0 0 rg BT 260.59 206.00 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 308.46 206.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 336.62 206.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 376.16 206.00 Td (and ) Tj ET Q q 0 0 0 rg BT 392.93 206.00 Td (contingent ) Tj ET Q q 0 0 0 rg BT 437.47 206.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 477.01 206.00 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 515.75 206.00 Td (After ) Tj ET Q q 0 0 0 rg BT 539.18 206.00 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.00 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 100.04 194.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 138.10 194.00 Td (is ) Tj ET Q q 0 0 0 rg BT 147.27 194.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 188.08 194.00 Td (at ) Tj ET Q q 0 0 0 rg BT 197.80 194.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 216.41 194.00 Td (less ) Tj ET Q q 0 0 0 rg BT 233.91 194.00 Td (any ) Tj ET Q q 0 0 0 rg BT 250.85 194.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 303.88 194.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.47 194.00 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.00 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 97.84 170.00 Td (testing ) Tj ET Q q 0 0 0 rg BT 126.20 170.00 Td (is ) Tj ET Q q 0 0 0 rg BT 134.57 170.00 Td (applied ) Tj ET Q q 0 0 0 rg BT 165.70 170.00 Td (on ) Tj ET Q q 0 0 0 rg BT 177.39 170.00 Td (an ) Tj ET Q q 0 0 0 rg BT 188.52 170.00 Td (individual ) Tj ET Q q 0 0 0 rg BT 230.77 170.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 251.90 170.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 273.60 170.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 300.29 170.00 Td (an ) Tj ET Q q 0 0 0 rg BT 311.42 170.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 332.56 170.00 Td (does ) Tj ET Q q 0 0 0 rg BT 352.58 170.00 Td (not ) Tj ET Q q 0 0 0 rg BT 367.05 170.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 402.61 170.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 422.07 170.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 453.77 170.00 Td (that ) Tj ET Q q 0 0 0 rg BT 470.46 170.00 Td (are ) Tj ET Q q 0 0 0 rg BT 484.36 170.00 Td (lar) Tj ET Q q 0 0 0 rg BT 494.72 170.00 Td (gely ) Tj ET Q q 0 0 0 rg BT 513.64 170.00 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.00 Td (of ) Tj ET Q q 0 0 0 rg BT 59.68 158.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.74 158.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.36 158.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 125.20 158.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 165.91 158.00 Td (by ) Tj ET Q q 0 0 0 rg BT 177.76 158.00 Td (other ) Tj ET Q q 0 0 0 rg BT 200.15 158.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.33 158.00 Td (or ) Tj ET Q q 0 0 0 rg BT 235.51 158.00 Td (groups ) Tj ET Q q 0 0 0 rg BT 264.58 158.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.76 158.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 302.43 158.00 Td (None ) Tj ET Q q 0 0 0 rg BT 325.94 158.00 Td (of ) Tj ET Q q 0 0 0 rg BT 336.12 158.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.18 158.00 Td (Company) Tj ET Q q 0 0 0 rg BT 391.85 158.00 Td (s ) Tj ET Q q 0 0 0 rg BT 397.58 158.00 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 452.74 158.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 477.92 158.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 513.63 158.00 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 146.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 102.27 146.00 Td (and ) Tj ET Q q 0 0 0 rg BT 119.21 146.00 Td (therefore ) Tj ET Q q 0 0 0 rg BT 157.79 146.00 Td (all ) Tj ET Q q 0 0 0 rg BT 170.29 146.00 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 226.10 146.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.93 146.00 Td (are ) Tj ET Q q 0 0 0 rg BT 266.63 146.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 305.22 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 315.50 146.00 Td (CGUs ) Tj ET Q q 0 0 0 rg BT 343.01 146.00 Td (for ) Tj ET Q q 0 0 0 rg BT 357.17 146.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 395.22 146.00 Td (of ) Tj ET Q q 0 0 0 rg BT 406.05 146.00 Td (assessing ) Tj ET Q q 0 0 0 rg BT 445.77 146.00 Td (impairment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.00 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 98.94 122.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 125.61 122.00 Td (are ) Tj ET Q q 0 0 0 rg BT 140.61 122.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 187.25 122.00 Td (when ) Tj ET Q q 0 0 0 rg BT 211.70 122.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.70 122.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 262.80 122.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.58 122.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.70 122.00 Td (a ) Tj ET Q q 0 0 0 rg BT 313.92 122.00 Td (CGU ) Tj ET Q q 0 0 0 rg BT 337.82 122.00 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 372.25 122.00 Td (the ) Tj ET Q q 0 0 0 rg BT 387.26 122.00 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 436.67 122.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 471.95 122.00 Td (which ) Tj ET Q q 0 0 0 rg BT 499.18 122.00 Td (is ) Tj ET Q q 0 0 0 rg BT 508.63 122.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 122.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 554.18 122.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.96 110.00 Td (CGU) Tj ET Q q 0 0 0 rg BT 87.85 110.00 Td (s ) Tj ET Q q 0 0 0 rg BT 93.99 110.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 110.10 110.00 Td (value ) Tj ET Q q 0 0 0 rg BT 134.00 110.00 Td (less ) Tj ET Q q 0 0 0 rg BT 151.25 110.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 169.60 110.00 Td (to ) Tj ET Q q 0 0 0 rg BT 179.62 110.00 Td (sell ) Tj ET Q q 0 0 0 rg BT 195.75 110.00 Td (and ) Tj ET Q q 0 0 0 rg BT 212.43 110.00 Td (its ) Tj ET Q q 0 0 0 rg BT 223.96 110.00 Td (VIU. ) Tj ET Q q 0 0 0 rg BT 246.47 110.00 Td (If ) Tj ET Q q 0 0 0 rg BT 255.38 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.84 110.00 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 318.71 110.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 350.95 110.00 Td (of ) Tj ET Q q 0 0 0 rg BT 361.52 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 375.98 110.00 Td (CGU ) Tj ET Q q 0 0 0 rg BT 399.33 110.00 Td (is ) Tj ET Q q 0 0 0 rg BT 408.25 110.00 Td (less ) Tj ET Q q 0 0 0 rg BT 425.49 110.00 Td (than ) Tj ET Q q 0 0 0 rg BT 444.95 110.00 Td (its ) Tj ET Q q 0 0 0 rg BT 456.64 110.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 492.20 110.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 526.94 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 541.40 110.00 Td (CGU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.00 Td (is ) Tj ET Q q 0 0 0 rg BT 59.32 98.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 105.78 98.00 Td (impaired ) Tj ET Q q 0 0 0 rg BT 144.47 98.00 Td (and ) Tj ET Q q 0 0 0 rg BT 162.05 98.00 Td (is ) Tj ET Q q 0 0 0 rg BT 171.87 98.00 Td (written ) Tj ET Q q 0 0 0 rg BT 203.34 98.00 Td (down ) Tj ET Q q 0 0 0 rg BT 228.70 98.00 Td (to ) Tj ET Q q 0 0 0 rg BT 239.63 98.00 Td (its ) Tj ET Q q 0 0 0 rg BT 252.22 98.00 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 302.00 98.00 Td (amount. ) Tj ET Q q 0 0 0 rg BT 337.41 98.00 Td (The ) Tj ET Q q 0 0 0 rg BT 356.11 98.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 405.35 98.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 424.06 98.00 Td (is ) Tj ET Q q 0 0 0 rg BT 433.87 98.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 473.11 98.00 Td (to ) Tj ET Q q 0 0 0 rg BT 484.03 98.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 513.83 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 98.00 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.37 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 93.57 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 108.66 86.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.87 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 146.07 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 161.16 86.00 Td (CGU, ) Tj ET Q q 0 0 0 rg BT 187.65 86.00 Td (first ) Tj ET Q q 0 0 0 rg BT 206.63 86.00 Td (to ) Tj ET Q q 0 0 0 rg BT 217.28 86.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 246.80 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.89 86.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 298.08 86.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 330.95 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.15 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.24 86.00 Td (CGU) Tj ET Q q 0 0 0 rg BT 381.13 86.00 Td (s ) Tj ET Q q 0 0 0 rg BT 387.90 86.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 426.33 86.00 Td (and ) Tj ET Q q 0 0 0 rg BT 443.64 86.00 Td (then ) Tj ET Q q 0 0 0 rg BT 463.73 86.00 Td (to ) Tj ET Q q 0 0 0 rg BT 474.38 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.47 86.00 Td (other ) Tj ET Q q 0 0 0 rg BT 512.89 86.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 539.10 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 86.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.00 Td (CGU ) Tj ET Q q 0 0 0 rg BT 73.26 74.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 111.99 74.00 Td (pro-rata ) Tj ET Q q 0 0 0 rg BT 146.28 74.00 Td (on ) Tj ET Q q 0 0 0 rg BT 158.93 74.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 74.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 196.44 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.41 74.00 Td (the ) Tj ET Q q 0 0 0 rg BT 222.28 74.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 258.24 74.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 290.88 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 301.85 74.00 Td (each ) Tj ET Q q 0 0 0 rg BT 322.81 74.00 Td (asset. ) Tj ET Q q 0 0 0 rg BT 347.40 74.00 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 396.69 74.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 423.23 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 434.21 74.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.51 74.00 Td (are ) Tj ET Q q 0 0 0 rg BT 493.36 74.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.87 74.00 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 74.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.32 62.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.15 62.00 Td (income. ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (CGUs ) Tj ET Q q 0 0 0 rg BT 77.16 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.59 704.10 Td (which ) Tj ET Q q 0 0 0 rg BT 114.68 704.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 152.88 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.97 704.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 212.62 704.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.60 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.03 704.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 300.00 704.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 321.54 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 343.06 704.10 Td (been ) Tj ET Q q 0 0 0 rg BT 364.59 704.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 403.33 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.19 704.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 444.17 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.48 704.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.23 704.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 544.31 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 555.30 704.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.67 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.20 692.10 Td (all ) Tj ET Q q 0 0 0 rg BT 136.29 692.10 Td (CGUs ) Tj ET Q q 0 0 0 rg BT 163.38 692.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.68 692.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 203.09 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.84 692.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 265.03 692.10 Td (more ) Tj ET Q q 0 0 0 rg BT 287.67 692.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 330.85 692.10 Td (when ) Tj ET Q q 0 0 0 rg BT 354.60 692.10 Td (there ) Tj ET Q q 0 0 0 rg BT 376.68 692.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.44 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 396.97 692.10 Td (indication ) Tj ET Q q 0 0 0 rg BT 439.05 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 456.13 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.44 692.10 Td (CGU ) Tj ET Q q 0 0 0 rg BT 493.64 692.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.95 692.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.48 692.10 Td (impaired. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 666.7669921875 m 132.546875 666.7669921875 l s q 0 0 0 rg BT 49.50 668.10 Td (Significant estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.55 656.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.15 656.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 142.32 656.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 172.70 656.10 Td (several ) Tj ET Q q 0 0 0 rg BT 202.52 656.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 253.47 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.42 656.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 312.58 656.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 365.17 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.67 656.10 Td (have ) Tj ET Q q 0 0 0 rg BT 402.05 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.99 656.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.70 656.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 468.21 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.04 656.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 514.54 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.82 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.76 656.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 95.62 644.10 Td (within ) Tj ET Q q 0 0 0 rg BT 123.42 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.88 644.10 Td (next ) Tj ET Q q 0 0 0 rg BT 157.34 644.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.57 644.10 Td (year ) Tj ET Q q 0 0 0 rg BT 214.02 644.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.59 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.27 644.10 Td (result ) Tj ET Q q 0 0 0 rg BT 255.73 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.30 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.60 644.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 300.62 644.10 Td (being ) Tj ET Q q 0 0 0 rg BT 325.07 644.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 357.30 644.10 Td (from ) Tj ET Q q 0 0 0 rg BT 378.98 644.10 Td (an ) Tj ET Q q 0 0 0 rg BT 390.67 644.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 431.23 644.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 476.80 644.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 496.81 644.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 517.38 644.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 546.96 644.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.76 632.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.47 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.17 632.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 141.65 632.10 Td (from ) Tj ET Q q 0 0 0 rg BT 163.58 632.10 Td (budgets ) Tj ET Q q 0 0 0 rg BT 197.18 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.33 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.04 632.10 Td (next ) Tj ET Q q 0 0 0 rg BT 245.75 632.10 Td (five ) Tj ET Q q 0 0 0 rg BT 263.79 632.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 289.88 632.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 331.80 632.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 385.39 632.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 423.98 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.91 632.10 Td (future ) Tj ET Q q 0 0 0 rg BT 467.28 632.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 520.04 632.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 545.30 632.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.04 620.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.13 620.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 107.78 620.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 150.82 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.12 620.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 187.21 620.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.21 620.10 Td (most ) Tj ET Q q 0 0 0 rg BT 219.98 620.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 258.30 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.40 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.94 620.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 322.15 620.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 340.45 620.10 Td (used ) Tj ET Q q 0 0 0 rg BT 362.11 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.87 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.41 620.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 427.06 620.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.37 620.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 478.12 620.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 510.89 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.43 620.10 Td (five-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (estimate. ) Tj ET Q q 0 0 0 rg BT 87.82 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.32 608.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 584.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 105.60 584.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 144.19 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.47 584.10 Td (each ) Tj ET Q q 0 0 0 rg BT 175.29 584.10 Td (CGU ) Tj ET Q q 0 0 0 rg BT 198.90 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.84 584.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 264.44 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.72 584.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 312.78 584.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 343.05 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.88 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.60 584.10 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 549.6 m 433 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 549.6 m 491 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 549.6 m 561 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 504.6 m 433 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 504.6 m 491 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 504.6 m 561 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 474.6 m 433 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 459.6 m 433 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 474.6 m 491 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 459.6 m 491 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 474.6 m 561 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 459.6 m 561 459.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.45 554.27 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.05 554.27 Td (Blue Chip) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 554.27 Td (T) Tj ET Q q 0 0 0 rg BT 526.16 554.27 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.50 539.28 Td (Cost:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 445.10 538.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 524.27 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 524.27 Td (46,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 524.27 Td (26,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 524.27 Td (72,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 509.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 509.27 Td (3,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 509.27 Td (3,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 494.27 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 494.27 Td (49,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 494.27 Td (26,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 494.27 Td (75,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 479.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.30 479.27 Td (\(2,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 479.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 479.32 Td (\(2,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 479.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.50 464.28 Td (December) Tj ET Q q 0 0 0 rg BT 258.63 464.28 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 464.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.65 464.28 Td (47,109) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.50 464.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.60 464.28 Td (26,365) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.50 464.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 464.28 Td (73,474) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 424.6 m 433 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 424.6 m 491 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 424.6 m 561 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 380.6 m 433 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 380.6 m 491 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 380.6 m 561 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 350.6 m 561 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 350.6 m 433 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 335.6 m 433 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 350.6 m 491 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 335.6 m 491 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 350.6 m 561 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 335.6 m 561 335.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.45 429.27 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.05 429.27 Td (Blue Chip) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 429.27 Td (T) Tj ET Q q 0 0 0 rg BT 526.16 429.27 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.50 415.28 Td (Accumulated impairment:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 445.10 415.70 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 400.27 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 400.27 Td (32,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 400.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 400.27 Td (32,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 385.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 385.27 Td (2,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 385.27 Td (2,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 370.27 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 370.27 Td (34,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 370.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 370.27 Td (34,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.50 355.27 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.30 355.27 Td (\(1,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 355.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 355.32 Td (\(1,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 355.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.50 340.28 Td (December) Tj ET Q q 0 0 0 rg BT 258.63 340.28 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 340.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.65 340.28 Td (33,140) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.50 340.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.15 340.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.50 340.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 340.28 Td (33,140) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 298.6 m 432 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 298.6 m 491 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 298.6 m 561 298.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 303.27 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.05 303.27 Td (Blue Chip) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 303.27 Td (T) Tj ET Q q 0 0 0 rg BT 526.16 303.27 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.50 288.28 Td (Carrying amount:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 444.60 287.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 273.27 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 273.27 Td (13,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 273.27 Td (26,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 273.27 Td (39,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 258.27 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 258.27 Td (14,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 258.27 Td (26,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 258.27 Td (41,037) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.50 243.28 Td (December) Tj ET Q q 0 0 0 rg BT 257.63 243.28 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.50 243.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.65 243.28 Td (13,969) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.50 243.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.60 243.28 Td (26,365) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.50 243.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 243.28 Td (40,334) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.64 203.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.12 203.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 150.37 203.10 Td (its ) Tj ET Q q 0 0 0 rg BT 161.41 203.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 189.66 203.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 226.81 203.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 274.50 203.10 Td (test ) Tj ET Q q 0 0 0 rg BT 289.98 203.10 Td (as ) Tj ET Q q 0 0 0 rg BT 299.91 203.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.72 203.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 366.40 203.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 387.99 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.02 203.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 425.62 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.65 203.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 488.23 203.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.81 203.10 Td (no ) Tj ET Q q 0 0 0 rg BT 516.41 203.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (had ) Tj ET Q q 0 0 0 rg BT 67.63 191.10 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 108.79 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.49 191.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 153.95 191.10 Td (is ) Tj ET Q q 0 0 0 rg BT 164.31 191.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 211.32 191.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 250.55 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.02 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.93 191.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 306.05 191.10 Td (that ) Tj ET Q q 0 0 0 rg BT 324.74 191.10 Td (its ) Tj ET Q q 0 0 0 rg BT 337.88 191.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 374.88 191.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 408.57 191.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 443.90 191.10 Td (its ) Tj ET Q q 0 0 0 rg BT 457.04 191.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 507.36 191.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 543.55 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 191.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 99.17 179.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 136.09 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.46 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.71 179.10 Td (Company) Tj ET Q q 0 0 0 rg BT 204.38 179.10 Td (s ) Tj ET Q q 0 0 0 rg BT 211.31 179.10 Td (CGUs ) Tj ET Q q 0 0 0 rg BT 239.35 179.10 Td (were ) Tj ET Q q 0 0 0 rg BT 261.81 179.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 309.83 179.10 Td (based ) Tj ET Q q 0 0 0 rg BT 335.64 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.67 179.10 Td (their ) Tj ET Q q 0 0 0 rg BT 369.82 179.10 Td (VIU. ) Tj ET Q q 0 0 0 rg BT 393.13 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.95 179.10 Td (The ) Tj ET Q q 0 0 0 rg BT 414.53 179.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 461.43 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.58 179.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 493.39 179.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 546.96 179.10 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.10 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.93 167.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.20 167.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 125.03 167.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 164.74 167.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 183.91 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.85 167.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 226.67 167.10 Td (value ) Tj ET Q q 0 0 0 rg BT 250.82 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.76 167.10 Td (was ) Tj ET Q q 0 0 0 rg BT 285.81 167.10 Td (based ) Tj ET Q q 0 0 0 rg BT 311.08 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.58 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.30 167.10 Td (following ) Tj ET Q q 0 0 0 rg BT 379.69 167.10 Td (key ) Tj ET Q q 0 0 0 rg BT 396.62 167.10 Td (variables:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 143.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.51 143.10 Td (five ) Tj ET Q q 0 0 0 rg BT 105.53 143.10 Td (years ) Tj ET Q q 0 0 0 rg BT 130.09 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.89 143.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 163.13 143.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 184.92 143.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 225.60 143.10 Td (were ) Tj ET Q q 0 0 0 rg BT 248.50 143.10 Td (based ) Tj ET Q q 0 0 0 rg BT 274.73 143.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.20 143.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 330.54 143.10 Td (key ) Tj ET Q q 0 0 0 rg BT 348.44 143.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 389.67 143.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 422.57 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.48 143.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 471.71 143.10 Td (based ) Tj ET Q q 0 0 0 rg BT 497.95 143.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.42 143.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 131.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 108.76 131.10 Td (past ) Tj ET Q q 0 0 0 rg BT 126.42 131.10 Td (history ) Tj ET Q q 0 0 0 rg BT 155.75 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.73 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.50 131.10 Td (current ) Tj ET Q q 0 0 0 rg BT 215.37 131.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 255.79 131.10 Td (outlook, ) Tj ET Q q 0 0 0 rg BT 290.39 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.38 131.10 Td (were ) Tj ET Q q 0 0 0 rg BT 327.36 131.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 366.11 131.10 Td (by ) Tj ET Q q 0 0 0 rg BT 377.66 131.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 425.33 131.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 480.46 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.90 131.10 Td (The ) Tj ET Q q 0 0 0 rg BT 498.89 131.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 518.21 131.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.42 131.10 Td (Pawnee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 119.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 105.83 119.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 127.77 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.94 119.10 Td (most ) Tj ET Q q 0 0 0 rg BT 158.89 119.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 196.39 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.67 119.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 258.61 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.44 119.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 291.93 119.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 338.31 119.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 374.70 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.64 119.10 Td (net ) Tj ET Q q 0 0 0 rg BT 406.35 119.10 Td (char) Tj ET Q q 0 0 0 rg BT 423.38 119.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 444.30 119.10 Td (fs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 107.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 107.10 Td (erminal ) Tj ET Q q 0 0 0 rg BT 106.16 107.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.53 107.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 183.78 107.10 Td (into ) Tj ET Q q 0 0 0 rg BT 202.05 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.78 107.10 Td (VIU ) Tj ET Q q 0 0 0 rg BT 237.27 107.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 287.74 107.10 Td (was ) Tj ET Q q 0 0 0 rg BT 306.00 107.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 347.03 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.75 107.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 397.45 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.38 107.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 443.42 107.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 465.01 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.50 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.43 107.10 Td (following ) Tj ET Q q 0 0 0 rg BT 532.03 107.10 Td (chart ) Tj ET Q q 0 0 0 rg BT 554.73 107.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 95.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.34 95.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 107.73 95.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 147.01 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.74 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.03 95.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 194.31 95.10 Td (year) Tj ET Q q 0 0 0 rg BT 210.97 95.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.53 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.45 95.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.07 95.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 265.47 95.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 286.41 95.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 314.01 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.30 95.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 367.58 95.10 Td (average ) Tj ET Q q 0 0 0 rg BT 400.73 95.10 Td (core ) Tj ET Q q 0 0 0 rg BT 420.00 95.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 455.95 95.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 473.00 95.10 Td (which ) Tj ET Q q 0 0 0 rg BT 499.51 95.10 Td (does ) Tj ET Q q 0 0 0 rg BT 519.91 95.10 Td (not ) Tj ET Q q 0 0 0 rg BT 534.76 95.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 83.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 124.15 83.10 Td (average ) Tj ET Q q 0 0 0 rg BT 157.73 83.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 188.56 83.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 206.05 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.21 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.93 83.10 Td (industry) Tj ET Q q 0 0 0 rg BT 267.06 83.10 Td (.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I26 Do Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (31) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 710.5 m 479 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 695.5 m 479 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 710.5 m 561 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 695.5 m 561 695.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.45 700.17 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.55 700.17 Td (Blue Chip) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 685.17 Td (T) Tj ET Q q 0 0 0 rg BT 281.26 685.17 Td (erminal value growth rates:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 670.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.55 670.17 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.55 670.17 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 655.17 Td (December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.55 655.17 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.55 655.17 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.00 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 63.97 615.00 Td ( ) Tj ET Q q 0 0 0 rg BT 66.57 615.00 Td (The ) Tj ET Q q 0 0 0 rg BT 84.92 615.00 Td (following ) Tj ET Q q 0 0 0 rg BT 126.61 615.00 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 157.73 615.00 Td (discount ) Tj ET Q q 0 0 0 rg BT 194.42 615.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 216.10 615.00 Td (were ) Tj ET Q q 0 0 0 rg BT 238.34 615.00 Td (applied ) Tj ET Q q 0 0 0 rg BT 270.58 615.00 Td (in ) Tj ET Q q 0 0 0 rg BT 281.16 615.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 332.28 615.00 Td (the ) Tj ET Q q 0 0 0 rg BT 347.30 615.00 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 396.74 615.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 429.54 615.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.67 615.00 Td (the ) Tj ET Q q 0 0 0 rg BT 455.69 615.00 Td (CGUs. ) Tj ET Q q 0 0 0 rg BT 486.00 615.00 Td ( ) Tj ET Q q 0 0 0 rg BT 488.60 615.00 Td (The ) Tj ET Q q 0 0 0 rg BT 506.95 615.00 Td (discount ) Tj ET Q q 0 0 0 rg BT 543.65 615.00 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.00 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 603.00 Td (based ) Tj ET Q q 0 0 0 rg BT 96.70 603.00 Td (on ) Tj ET Q q 0 0 0 rg BT 109.20 603.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.91 603.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 163.07 603.00 Td (average ) Tj ET Q q 0 0 0 rg BT 196.65 603.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.26 603.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.09 603.00 Td (capital, ) Tj ET Q q 0 0 0 rg BT 257.74 603.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 293.57 603.00 Td (for ) Tj ET Q q 0 0 0 rg BT 307.73 603.00 Td (a ) Tj ET Q q 0 0 0 rg BT 314.67 603.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 351.06 603.00 Td (and ) Tj ET Q q 0 0 0 rg BT 368.00 603.00 Td (a ) Tj ET Q q 0 0 0 rg BT 374.93 603.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 392.43 603.00 Td (premium.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 580.5 m 479 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 565.5 m 479 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 580.5 m 561 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 565.5 m 561 565.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.45 570.17 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.55 570.17 Td (Blue Chip) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 555.17 Td (Pre-tax discount rates:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 540.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.55 540.17 Td (27.87%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.55 540.17 Td (21.41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 525.17 Td (December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.55 525.17 Td (27.87%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.55 525.17 Td (20.75%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 495.6669921875 m 132.546875 495.6669921875 l s q 0 0 0 rg BT 49.50 497.00 Td (Significant estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.00 Td (If ) Tj ET Q q 0 0 0 rg BT 58.82 485.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.69 485.00 Td (future ) Tj ET Q q 0 0 0 rg BT 100.22 485.00 Td (were ) Tj ET Q q 0 0 0 rg BT 122.30 485.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.74 485.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 173.71 485.00 Td (dif) Tj ET Q q 0 0 0 rg BT 184.64 485.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 198.39 485.00 Td (from ) Tj ET Q q 0 0 0 rg BT 220.48 485.00 Td (management) Tj ET Q q 0 0 0 rg BT 274.35 485.00 Td (s ) Tj ET Q q 0 0 0 rg BT 280.90 485.00 Td (best ) Tj ET Q q 0 0 0 rg BT 299.66 485.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 335.64 485.00 Td (of ) Tj ET Q q 0 0 0 rg BT 346.62 485.00 Td (key ) Tj ET Q q 0 0 0 rg BT 363.72 485.00 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 418.32 485.00 Td (including ) Tj ET Q q 0 0 0 rg BT 458.75 485.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 502.50 485.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 522.92 485.00 Td (flows, ) Tj ET Q q 0 0 0 rg BT 550.30 485.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 473.00 Td (could ) Tj ET Q q 0 0 0 rg BT 115.60 473.00 Td (potentially ) Tj ET Q q 0 0 0 rg BT 160.87 473.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 206.67 473.00 Td (future ) Tj ET Q q 0 0 0 rg BT 233.05 473.00 Td (material ) Tj ET Q q 0 0 0 rg BT 268.31 473.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 316.91 473.00 Td (char) Tj ET Q q 0 0 0 rg BT 333.93 473.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 349.76 473.00 Td (in ) Tj ET Q q 0 0 0 rg BT 360.04 473.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 390.86 473.00 Td (of ) Tj ET Q q 0 0 0 rg BT 401.69 473.00 Td (its ) Tj ET Q q 0 0 0 rg BT 413.64 473.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 451.69 473.00 Td (and ) Tj ET Q q 0 0 0 rg BT 468.63 473.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 511.12 473.00 Td (assets.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I27 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 437.00 Td (1) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 36.51 437.00 Td (1. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 437.00 Td (ACCOUNTS P) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 114.87 437.00 Td (A) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 121.17 437.00 Td (Y) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 126.93 437.00 Td (ABLE ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 156.56 437.00 Td (AND OTHER LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 413.00 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 89.77 413.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 123.36 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 140.30 413.00 Td (other ) Tj ET Q q 0 0 0 rg BT 163.35 413.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 203.06 413.00 Td (comprise:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 380.5 m 485 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 380.5 m 561 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 247.5 m 485 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 232.5 m 485 232.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 247.5 m 561 247.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 232.5 m 561 232.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.35 393.23 Td (December) Tj ET Q q 0 0 0 rg BT 466.48 393.23 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.50 383.23 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 393.07 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 383.12 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.10 371.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 357.17 Td (Dividend payable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.50 357.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.65 357.18 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 357.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 357.17 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 342.17 Td (Accounts payable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.65 342.18 Td (2,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 342.17 Td (2,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 327.17 Td (Sales tax payable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 327.18 Td (951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 327.17 Td (874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 312.17 Td (Customer deposits and prepayments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 312.18 Td (913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 312.17 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 297.17 Td (Unfunded finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.65 297.18 Td (7,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 297.17 Td (5,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 282.17 Td (T) Tj ET Q q 0 0 0 rg BT 160.26 282.17 Td (axes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 282.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 282.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 267.17 Td (Payroll related payables and accruals) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.65 267.18 Td (1,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 267.17 Td (1,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 252.17 Td (Accrued expenses and other liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.65 252.18 Td (3,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 252.17 Td (2,552) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.50 237.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.65 237.18 Td (16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 237.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 237.17 Td (15,600) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (32) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 712.75 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 712.75 Td (BORROWINGS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 649.25 m 266 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 649.25 m 322 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 649.25 m 379 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 649.25 m 436 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 649.25 m 501 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 649.25 m 505 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 649.25 m 561 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 649.25 m 266 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 649.25 m 379 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 649.25 m 436 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 649.25 m 501 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 649.25 m 505 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68 534.25 m 202 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 534.25 m 210 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 534.25 m 266 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 534.25 m 322 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 534.25 m 379 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 534.25 m 436 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 534.25 m 501 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 534.25 m 505 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 534.25 m 561 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68 434.25 m 202 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68 419.25 m 202 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 434.25 m 210 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 419.25 m 210 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 434.25 m 266 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 419.25 m 266 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 434.25 m 322 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 419.25 m 322 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 434.25 m 379 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 419.25 m 379 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 434.25 m 436 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 419.25 m 436 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 434.25 m 501 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 419.25 m 501 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 434.25 m 505 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 419.25 m 505 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 434.25 m 561 434.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 419.25 m 561 419.25 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 214.40 677.37 Td (Chesswood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.10 667.37 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.25 657.37 Td (facility) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 244.57 657.37 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.40 680.82 Td (Chesswood) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 670.82 Td (deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.60 660.82 Td (financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 650.87 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.45 677.37 Td (Pawnee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 667.37 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.70 657.37 Td (facilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 362.63 657.37 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 680.82 Td (Pawnee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 670.82 Td (deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.10 660.82 Td (financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 650.87 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.55 677.37 Td (Blue Chip ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 667.37 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.95 657.37 Td (facilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 480.88 657.37 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.25 667.37 Td (T) Tj ET Q q 0 0 0 rg BT 527.66 667.37 Td (otal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.10 638.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 623.92 Td (Net as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.65 623.92 Td (200,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.30 623.92 Td (\(2,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 623.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 623.92 Td (87,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.30 623.97 Td (\(2,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 623.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 623.92 Td (129,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 623.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 623.92 Td (412,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 608.92 Td (Proceeds or draw-downs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.65 608.92 Td (242,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 608.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 608.92 Td (172,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 608.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 608.92 Td (84,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 608.92 Td (499,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 593.92 Td (Repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.30 593.92 Td (\(227,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 593.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.30 593.97 Td (\(45,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 593.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 593.97 Td (\(67,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 593.97 Td (\(340,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 578.92 Td (Payment of financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 578.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 578.92 Td (\(425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 578.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.30 578.97 Td (\(3,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 578.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 578.97 Td (\(3,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 564.37 Td (Amortization of deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 554.37 Td (financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 559.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 559.37 Td (1,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 559.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 559.37 Td (1,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 559.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 559.37 Td (2,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 538.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 539.37 Td (18,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 539.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 539.37 Td (14,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 539.42 Td (\(294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 539.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 539.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 539.37 Td (32,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 523.92 Td (Net as of December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.65 523.92 Td (233,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.30 523.92 Td (\(1,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 523.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 523.92 Td (228,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.30 523.97 Td (\(4,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 523.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 523.92 Td (146,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 523.92 Td (601,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 508.92 Td (Proceeds or draw-downs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.65 508.92 Td (245,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 508.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 508.92 Td (416,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 508.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 508.92 Td (68,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 508.92 Td (729,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 493.92 Td (Repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.30 493.92 Td (\(278,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 493.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 493.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 493.97 Td (\(233,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 493.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 493.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 493.97 Td (\(74,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 493.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 493.97 Td (\(587,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 493.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 478.92 Td (Payment of financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 478.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.30 478.92 Td (\(1,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 478.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 478.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.30 478.97 Td (\(5,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 478.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 478.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 478.97 Td (\(7,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 478.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 463.92 Td (Amortization of deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 453.92 Td (financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 453.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 453.92 Td (1,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 453.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 453.92 Td (2,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 453.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 453.92 Td (3,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 438.92 Td (Foreign exchange translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.30 438.92 Td (\(10,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 438.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 438.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.30 438.97 Td (\(14,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 438.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 438.92 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 438.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 438.97 Td (\(24,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 438.92 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 70.50 423.93 Td (Net as of December) Tj ET Q q 0 0 0 rg BT 153.34 423.93 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 229.65 423.93 Td (189,105) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.30 423.93 Td (\(2,178) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.15 423.93 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.65 423.93 Td (395,743) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.30 423.98 Td (\(7,331) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 432.15 423.93 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.65 423.93 Td (139,352) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.50 423.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.65 423.93 Td (714,691) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.75 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 62.71 395.75 Td (The ) Tj ET Q q 0 0 0 rg BT 80.54 395.75 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 128.94 395.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 169.54 395.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.58 395.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 225.19 395.75 Td (allows ) Tj ET Q q 0 0 0 rg BT 253.57 395.75 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 301.41 395.75 Td (of ) Tj ET Q q 0 0 0 rg BT 312.02 395.75 Td (up ) Tj ET Q q 0 0 0 rg BT 324.30 395.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.35 395.75 Td (US$250.0 ) Tj ET Q q 0 0 0 rg BT 376.92 395.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 410.59 395.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 441.20 395.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 453.75 395.75 Td (among ) Tj ET Q q 0 0 0 rg BT 483.25 395.75 Td (other ) Tj ET Q q 0 0 0 rg BT 506.08 395.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 535.31 395.75 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.75 Td (percentages ) Tj ET Q q 0 0 0 rg BT 98.90 383.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.44 383.75 Td (eligible ) Tj ET Q q 0 0 0 rg BT 141.64 383.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 164.96 383.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 196.59 383.75 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 246.11 383.75 Td (This ) Tj ET Q q 0 0 0 rg BT 266.10 383.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 291.07 383.75 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 383.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 357.13 383.75 Td (a ) Tj ET Q q 0 0 0 rg BT 363.78 383.75 Td (US$50 ) Tj ET Q q 0 0 0 rg BT 393.77 383.75 Td (million ) Tj ET Q q 0 0 0 rg BT 424.87 383.75 Td (accordion ) Tj ET Q q 0 0 0 rg BT 466.50 383.75 Td (feature ) Tj ET Q q 0 0 0 rg BT 496.47 383.75 Td (that ) Tj ET Q q 0 0 0 rg BT 513.67 383.75 Td (can ) Tj ET Q q 0 0 0 rg BT 529.76 383.75 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.92 371.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 95.89 371.75 Td (revolver ) Tj ET Q q 0 0 0 rg BT 132.41 371.75 Td (to ) Tj ET Q q 0 0 0 rg BT 143.40 371.75 Td (US$300 ) Tj ET Q q 0 0 0 rg BT 179.39 371.75 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.98 371.75 Td (is ) Tj ET Q q 0 0 0 rg BT 223.86 371.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 257.60 371.75 Td (by ) Tj ET Q q 0 0 0 rg BT 270.81 371.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 324.56 371.75 Td (all ) Tj ET Q q 0 0 0 rg BT 337.76 371.75 Td (of ) Tj ET Q q 0 0 0 rg BT 349.30 371.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.72 371.75 Td (Company) Tj ET Q q 0 0 0 rg BT 406.39 371.75 Td (s ) Tj ET Q q 0 0 0 rg BT 413.48 371.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 442.52 371.75 Td (contains ) Tj ET Q q 0 0 0 rg BT 479.05 371.75 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 524.74 371.75 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 99.31 359.75 Td (leverage ) Tj ET Q q 0 0 0 rg BT 135.22 359.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.70 359.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.18 359.75 Td (coverage ) Tj ET Q q 0 0 0 rg BT 221.31 359.75 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 248.07 359.75 Td (and ) Tj ET Q q 0 0 0 rg BT 264.56 359.75 Td (expires ) Tj ET Q q 0 0 0 rg BT 295.48 359.75 Td (on ) Tj ET Q q 0 0 0 rg BT 307.52 359.75 Td (December ) Tj ET Q q 0 0 0 rg BT 350.65 359.75 Td (8, ) Tj ET Q q 0 0 0 rg BT 360.20 359.75 Td (2022 ) Tj ET Q q 0 0 0 rg BT 382.24 359.75 Td (\(renewed ) Tj ET Q q 0 0 0 rg BT 421.48 359.75 Td (on ) Tj ET Q q 0 0 0 rg BT 433.53 359.75 Td (September ) Tj ET Q q 0 0 0 rg BT 478.34 359.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 492.88 359.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 514.93 359.75 Td (- ) Tj ET Q q 0 0 0 rg BT 520.30 359.75 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.75 Td (expired ) Tj ET Q q 0 0 0 rg BT 82.03 347.75 Td (on ) Tj ET Q q 0 0 0 rg BT 94.58 347.75 Td (December ) Tj ET Q q 0 0 0 rg BT 138.21 347.75 Td (8, ) Tj ET Q q 0 0 0 rg BT 148.26 347.75 Td (2020\). ) Tj ET Q q 0 0 0 rg BT 176.64 347.75 Td ( ) Tj ET Q q 0 0 0 rg BT 178.62 347.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 347.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 249.80 347.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.80 347.75 Td (, ) Tj ET Q q 0 0 0 rg BT 274.85 347.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.62 347.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 331.05 347.75 Td (was ) Tj ET Q q 0 0 0 rg BT 349.15 347.75 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 385.03 347.75 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.81 347.75 Td ($156.1 ) Tj ET Q q 0 0 0 rg BT 427.86 347.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.75 347.75 Td ( ) Tj ET Q q 0 0 0 rg BT 459.30 347.75 Td (\(December ) Tj ET Q q 0 0 0 rg BT 506.26 347.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.31 347.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 543.86 347.75 Td (- ) Tj ET Q q 0 0 0 rg BT 549.73 347.75 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.75 Td ($178.7 ) Tj ET Q q 0 0 0 rg BT 78.85 335.75 Td (million\) ) Tj ET Q q 0 0 0 rg BT 112.92 335.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.10 335.75 Td (its ) Tj ET Q q 0 0 0 rg BT 134.40 335.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 159.02 335.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 189.19 335.75 Td (and ) Tj ET Q q 0 0 0 rg BT 205.48 335.75 Td (had ) Tj ET Q q 0 0 0 rg BT 221.77 335.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 281.38 335.75 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.16 335.75 Td ($93.9 ) Tj ET Q q 0 0 0 rg BT 318.51 335.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.40 335.75 Td ( ) Tj ET Q q 0 0 0 rg BT 349.25 335.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.88 335.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 400.72 335.75 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 448.12 335.75 Td (available ) Tj ET Q q 0 0 0 rg BT 486.06 335.75 Td (under ) Tj ET Q q 0 0 0 rg BT 510.68 335.75 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 335.75 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.29 323.75 Td (facility) Tj ET Q q 0 0 0 rg BT 101.96 323.75 Td (. ) Tj ET Q q 0 0 0 rg BT 106.49 323.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.07 323.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.09 323.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 178.20 323.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.20 323.75 Td ( ) Tj ET Q q 0 0 0 rg BT 200.23 323.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.69 323.75 Td (December ) Tj ET Q q 0 0 0 rg BT 259.80 323.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 274.33 323.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 298.86 323.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.32 323.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 361.24 323.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.48 323.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 406.94 323.75 Td (presented, ) Tj ET Q q 0 0 0 rg BT 449.79 323.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.03 323.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.94 323.75 Td (was ) Tj ET Q q 0 0 0 rg BT 522.52 323.75 Td (compliant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.75 Td (with ) Tj ET Q q 0 0 0 rg BT 69.57 311.75 Td (all ) Tj ET Q q 0 0 0 rg BT 81.86 311.75 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 126.64 311.75 Td ( ) Tj ET Q q 0 0 0 rg BT 128.93 311.75 Td (Based ) Tj ET Q q 0 0 0 rg BT 155.67 311.75 Td (on ) Tj ET Q q 0 0 0 rg BT 167.96 311.75 Td (average ) Tj ET Q q 0 0 0 rg BT 201.34 311.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 220.85 311.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 248.97 311.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.48 311.75 Td (ef) Tj ET Q q 0 0 0 rg BT 271.07 311.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 300.56 311.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 332.29 311.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 349.57 311.75 Td (during ) Tj ET Q q 0 0 0 rg BT 377.97 311.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.48 311.75 Td (year ) Tj ET Q q 0 0 0 rg BT 411.98 311.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.86 311.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.16 311.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 496.53 311.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.53 311.75 Td ( ) Tj ET Q q 0 0 0 rg BT 518.83 311.75 Td (was ) Tj ET Q q 0 0 0 rg BT 536.67 311.75 Td (5.49% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.75 Td (\(year) Tj ET Q q 0 0 0 rg BT 69.84 299.75 Td (-ended ) Tj ET Q q 0 0 0 rg BT 99.54 299.75 Td (December ) Tj ET Q q 0 0 0 rg BT 143.13 299.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 158.13 299.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 180.63 299.75 Td (- ) Tj ET Q q 0 0 0 rg BT 186.46 299.75 Td (5.12%\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 63.66 275.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 97.26 275.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 122.52 275.75 Td (facilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.57 263.75 Td ( ) Tj ET Q q 0 0 0 rg BT 64.21 263.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 97.94 263.75 Td (has ) Tj ET Q q 0 0 0 rg BT 113.90 263.75 Td (a ) Tj ET Q q 0 0 0 rg BT 120.98 263.75 Td (US$250 ) Tj ET Q q 0 0 0 rg BT 156.39 263.75 Td (million ) Tj ET Q q 0 0 0 rg BT 187.92 263.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 228.88 263.75 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 274.27 263.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 294.12 263.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 325.08 263.75 Td (specifically ) Tj ET Q q 0 0 0 rg BT 373.80 263.75 Td (to ) Tj ET Q q 0 0 0 rg BT 384.21 263.75 Td (fund ) Tj ET Q q 0 0 0 rg BT 405.18 263.75 Td (its ) Tj ET Q q 0 0 0 rg BT 417.26 263.75 Td (growing ) Tj ET Q q 0 0 0 rg BT 453.23 263.75 Td (prime ) Tj ET Q q 0 0 0 rg BT 479.19 263.75 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 519.31 263.75 Td (through ) Tj ET Q q 0 0 0 rg BT 553.06 263.75 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.55 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 92.00 250.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 124.49 250.55 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 161.44 250.55 Td (Fund ) Tj ET Q q 0 0 0 rg BT 183.39 250.55 Td (\("PPF"\). ) Tj ET Q q 0 0 0 rg BT 218.79 250.55 Td ( ) Tj ET Q q 0 0 0 rg BT 220.08 250.55 Td (The ) Tj ET Q q 0 0 0 rg BT 237.02 250.55 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 281.17 250.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 310.88 250.55 Td (will ) Tj ET Q q 0 0 0 rg BT 327.83 250.55 Td (hold ) Tj ET Q q 0 0 0 rg BT 347.00 250.55 Td (Pawnee) Tj ET Q q 0 0 0 rg BT 380.88 250.55 Td (s ) Tj ET Q q 0 0 0 rg BT 386.16 250.55 Td (prime) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 409.49 250.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.19 250.55 Td (receivables ) Tj ET Q q 0 0 0 rg BT 457.55 250.55 Td (before ) Tj ET Q q 0 0 0 rg BT 484.48 250.55 Td (they ) Tj ET Q q 0 0 0 rg BT 503.09 250.55 Td (are ) Tj ET Q q 0 0 0 rg BT 516.69 250.55 Td (securitized. ) Tj ET Q q 0 0 0 rg BT 565.00 250.55 Td ( ) Tj ET Q q 0 0 0 rg BT 567.50 250.55 Td ( ) Tj ET Q q 0 0 0 rg BT 570.00 250.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.55 Td (This ) Tj ET Q q 0 0 0 rg BT 70.27 238.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 96.03 238.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 127.34 238.55 Td (is ) Tj ET Q q 0 0 0 rg BT 137.00 238.55 Td (secured ) Tj ET Q q 0 0 0 rg BT 170.53 238.55 Td (by ) Tj ET Q q 0 0 0 rg BT 183.52 238.55 Td (PPF) Tj ET Q q 0 0 0 rg BT 202.99 238.55 Td (s ) Tj ET Q q 0 0 0 rg BT 209.87 238.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 238.69 238.55 Td (contains ) Tj ET Q q 0 0 0 rg BT 275.01 238.55 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 320.49 238.55 Td (including ) Tj ET Q q 0 0 0 rg BT 361.25 238.55 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 412.01 238.55 Td (leverage ) Tj ET Q q 0 0 0 rg BT 448.87 238.55 Td (and ) Tj ET Q q 0 0 0 rg BT 466.30 238.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.72 238.55 Td (coverage ) Tj ET Q q 0 0 0 rg BT 537.80 238.55 Td (ratios, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.55 Td (and ) Tj ET Q q 0 0 0 rg BT 66.28 226.55 Td (matures ) Tj ET Q q 0 0 0 rg BT 100.27 226.55 Td (in ) Tj ET Q q 0 0 0 rg BT 110.39 226.55 Td (September ) Tj ET Q q 0 0 0 rg BT 155.50 226.55 Td (2021 ) Tj ET Q q 0 0 0 rg BT 177.84 226.55 Td (and ) Tj ET Q q 0 0 0 rg BT 194.62 226.55 Td (expires ) Tj ET Q q 0 0 0 rg BT 225.83 226.55 Td (in ) Tj ET Q q 0 0 0 rg BT 235.95 226.55 Td (September ) Tj ET Q q 0 0 0 rg BT 281.06 226.55 Td (2024. ) Tj ET Q q 0 0 0 rg BT 305.90 226.55 Td ( ) Tj ET Q q 0 0 0 rg BT 307.72 226.55 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.06 226.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 378.48 226.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.48 226.55 Td (, ) Tj ET Q q 0 0 0 rg BT 403.33 226.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 436.76 226.55 Td (was ) Tj ET Q q 0 0 0 rg BT 454.66 226.55 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 490.33 226.55 Td (US$0.0 ) Tj ET Q q 0 0 0 rg BT 522.95 226.55 Td (million ) Tj ET Q q 0 0 0 rg BT 554.18 226.55 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.55 Td (this ) Tj ET Q q 0 0 0 rg BT 65.78 214.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 95.94 214.55 Td (\(December ) Tj ET Q q 0 0 0 rg BT 142.19 214.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 156.52 214.55 Td (2018 ) Tj ET Q q 0 0 0 rg BT 178.36 214.55 Td (- ) Tj ET Q q 0 0 0 rg BT 183.52 214.55 Td (US$83.0 ) Tj ET Q q 0 0 0 rg BT 220.64 214.55 Td (million\). ) Tj ET Q q 0 0 0 rg BT 257.20 214.55 Td ( ) Tj ET Q q 0 0 0 rg BT 259.03 214.55 Td ( ) Tj ET Q q 0 0 0 rg BT 260.46 214.55 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 214.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 330.22 214.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.22 214.55 Td ( ) Tj ET Q q 0 0 0 rg BT 352.05 214.55 Td (and ) Tj ET Q q 0 0 0 rg BT 368.32 214.55 Td (throughout ) Tj ET Q q 0 0 0 rg BT 414.05 214.55 Td (the ) Tj ET Q q 0 0 0 rg BT 428.10 214.55 Td (period ) Tj ET Q q 0 0 0 rg BT 455.48 214.55 Td (from ) Tj ET Q q 0 0 0 rg BT 476.35 214.55 Td (August ) Tj ET Q q 0 0 0 rg BT 507.07 214.55 Td (2018, ) Tj ET Q q 0 0 0 rg BT 531.41 214.55 Td (Pawnee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.55 Td (was ) Tj ET Q q 0 0 0 rg BT 67.64 202.55 Td (compliant ) Tj ET Q q 0 0 0 rg BT 110.22 202.55 Td (with ) Tj ET Q q 0 0 0 rg BT 130.58 202.55 Td (all ) Tj ET Q q 0 0 0 rg BT 143.16 202.55 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 188.24 202.55 Td ( ) Tj ET Q q 0 0 0 rg BT 190.82 202.55 Td (Based ) Tj ET Q q 0 0 0 rg BT 217.85 202.55 Td (on ) Tj ET Q q 0 0 0 rg BT 230.43 202.55 Td (average ) Tj ET Q q 0 0 0 rg BT 264.11 202.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 283.91 202.55 Td (levels, ) Tj ET Q q 0 0 0 rg BT 312.32 202.55 Td (the ) Tj ET Q q 0 0 0 rg BT 327.13 202.55 Td (ef) Tj ET Q q 0 0 0 rg BT 334.71 202.55 Td (fective ) Tj ET Q q 0 0 0 rg BT 364.50 202.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.52 202.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 414.09 202.55 Td (during ) Tj ET Q q 0 0 0 rg BT 442.79 202.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.59 202.55 Td (year ) Tj ET Q q 0 0 0 rg BT 477.39 202.55 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.26 202.55 Td ( ) Tj ET Q q 0 0 0 rg BT 503.85 202.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.44 202.55 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 190.55 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 190.55 Td (was ) Tj ET Q q 0 0 0 rg BT 90.05 190.55 Td (6.16% ) Tj ET Q q 0 0 0 rg BT 118.38 190.55 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 144.21 190.55 Td (- ) Tj ET Q q 0 0 0 rg BT 150.04 190.55 Td (7.54%\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.55 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 65.25 178.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 99.89 178.55 Td (has ) Tj ET Q q 0 0 0 rg BT 116.76 178.55 Td (a ) Tj ET Q q 0 0 0 rg BT 124.73 178.55 Td (combined ) Tj ET Q q 0 0 0 rg BT 167.70 178.55 Td (US$125 ) Tj ET Q q 0 0 0 rg BT 204.02 178.55 Td (million ) Tj ET Q q 0 0 0 rg BT 236.45 178.55 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 292.18 178.55 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 346.80 178.55 Td (facilities ) Tj ET Q q 0 0 0 rg BT 384.77 178.55 Td (with ) Tj ET Q q 0 0 0 rg BT 406.08 178.55 Td (Capital ) Tj ET Q q 0 0 0 rg BT 438.50 178.55 Td (One ) Tj ET Q q 0 0 0 rg BT 458.70 178.55 Td (\(the ) Tj ET Q q 0 0 0 rg BT 477.78 178.55 Td ("CapOne ) Tj ET Q q 0 0 0 rg BT 518.17 178.55 Td (facilities"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.55 Td (through ) Tj ET Q q 0 0 0 rg BT 83.74 166.55 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 134.08 166.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 168.31 166.55 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 215.86 166.55 Td (Fund ) Tj ET Q q 0 0 0 rg BT 239.55 166.55 Td (I ) Tj ET Q q 0 0 0 rg BT 246.01 166.55 Td (and ) Tj ET Q q 0 0 0 rg BT 263.58 166.55 Td (II ) Tj ET Q q 0 0 0 rg BT 273.37 166.55 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 297.89 166.55 Td ( ) Tj ET Q q 0 0 0 rg BT 300.79 166.55 Td (The ) Tj ET Q q 0 0 0 rg BT 319.47 166.55 Td (CapOne ) Tj ET Q q 0 0 0 rg BT 355.37 166.55 Td (facilities ) Tj ET Q q 0 0 0 rg BT 392.93 166.55 Td (are ) Tj ET Q q 0 0 0 rg BT 408.26 166.55 Td (secured ) Tj ET Q q 0 0 0 rg BT 441.93 166.55 Td (by ) Tj ET Q q 0 0 0 rg BT 455.06 166.55 Td (US$154.2 ) Tj ET Q q 0 0 0 rg BT 498.47 166.55 Td (million ) Tj ET Q q 0 0 0 rg BT 530.49 166.55 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 166.55 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.55 Td (receivables ) Tj ET Q q 0 0 0 rg BT 97.01 154.55 Td (from ) Tj ET Q q 0 0 0 rg BT 118.99 154.55 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 158.33 154.55 Td (prime ) Tj ET Q q 0 0 0 rg BT 184.19 154.55 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 221.73 154.55 Td (of ) Tj ET Q q 0 0 0 rg BT 232.60 154.55 Td (equipment ) Tj ET Q q 0 0 0 rg BT 277.35 154.55 Td (leases ) Tj ET Q q 0 0 0 rg BT 303.77 154.55 Td (and ) Tj ET Q q 0 0 0 rg BT 320.75 154.55 Td (loans ) Tj ET Q q 0 0 0 rg BT 344.40 154.55 Td (and ) Tj ET Q q 0 0 0 rg BT 361.38 154.55 Td (repayment ) Tj ET Q q 0 0 0 rg BT 406.13 154.55 Td (terms ) Tj ET Q q 0 0 0 rg BT 430.88 154.55 Td (are ) Tj ET Q q 0 0 0 rg BT 445.63 154.55 Td (based ) Tj ET Q q 0 0 0 rg BT 470.94 154.55 Td (on ) Tj ET Q q 0 0 0 rg BT 483.48 154.55 Td (the ) Tj ET Q q 0 0 0 rg BT 498.24 154.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 518.55 154.55 Td (flow ) Tj ET Q q 0 0 0 rg BT 539.42 154.55 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 154.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.55 Td (underlying ) Tj ET Q q 0 0 0 rg BT 95.40 142.55 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 135.46 142.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.84 142.55 Td (The ) Tj ET Q q 0 0 0 rg BT 155.96 142.55 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 194.07 142.55 Td (were ) Tj ET Q q 0 0 0 rg BT 216.07 142.55 Td (used ) Tj ET Q q 0 0 0 rg BT 236.97 142.55 Td (to ) Tj ET Q q 0 0 0 rg BT 247.31 142.55 Td (pay ) Tj ET Q q 0 0 0 rg BT 264.32 142.55 Td (down ) Tj ET Q q 0 0 0 rg BT 289.11 142.55 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 343.49 142.55 Td (existing ) Tj ET Q q 0 0 0 rg BT 377.73 142.55 Td (revolving ) Tj ET Q q 0 0 0 rg BT 418.62 142.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 443.95 142.55 Td (facility) Tj ET Q q 0 0 0 rg BT 471.62 142.55 Td (. ) Tj ET Q q 0 0 0 rg BT 476.69 142.55 Td ( ) Tj ET Q q 0 0 0 rg BT 479.08 142.55 Td (The ) Tj ET Q q 0 0 0 rg BT 497.19 142.55 Td (facilities ) Tj ET Q q 0 0 0 rg BT 534.19 142.55 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 82.79 130.55 Td (to ) Tj ET Q q 0 0 0 rg BT 92.76 130.55 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 127.72 130.55 Td (its ) Tj ET Q q 0 0 0 rg BT 139.36 130.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.98 130.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 188.16 130.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 205.35 130.55 Td (by ) Tj ET Q q 0 0 0 rg BT 217.54 130.55 Td (entering ) Tj ET Q q 0 0 0 rg BT 252.50 130.55 Td (into ) Tj ET Q q 0 0 0 rg BT 270.25 130.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 301.87 130.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 319.05 130.55 Td (caps ) Tj ET Q q 0 0 0 rg BT 339.01 130.55 Td (for ) Tj ET Q q 0 0 0 rg BT 352.86 130.55 Td (a ) Tj ET Q q 0 0 0 rg BT 359.49 130.55 Td (notional ) Tj ET Q q 0 0 0 rg BT 394.46 130.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 426.64 130.55 Td (not ) Tj ET Q q 0 0 0 rg BT 441.61 130.55 Td (less ) Tj ET Q q 0 0 0 rg BT 458.80 130.55 Td (than ) Tj ET Q q 0 0 0 rg BT 478.21 130.55 Td (80% ) Tj ET Q q 0 0 0 rg BT 498.73 130.55 Td (of ) Tj ET Q q 0 0 0 rg BT 509.25 130.55 Td (the ) Tj ET Q q 0 0 0 rg BT 523.66 130.55 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.55 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.07 118.55 Td (balance. ) Tj ET Q q 0 0 0 rg BT 135.00 118.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.69 118.55 Td (The ) Tj ET Q q 0 0 0 rg BT 156.14 118.55 Td (balance ) Tj ET Q q 0 0 0 rg BT 189.58 118.55 Td (of ) Tj ET Q q 0 0 0 rg BT 200.81 118.55 Td (the ) Tj ET Q q 0 0 0 rg BT 215.93 118.55 Td (facilities ) Tj ET Q q 0 0 0 rg BT 253.26 118.55 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.38 118.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 322.36 118.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.36 118.55 Td ( ) Tj ET Q q 0 0 0 rg BT 345.26 118.55 Td (was ) Tj ET Q q 0 0 0 rg BT 363.72 118.55 Td (US$48.4 ) Tj ET Q q 0 0 0 rg BT 401.90 118.55 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.70 118.55 Td (\(December ) Tj ET Q q 0 0 0 rg BT 481.01 118.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 496.41 118.55 Td (2018 ) Tj ET Q q 0 0 0 rg BT 519.31 118.55 Td ( ) Tj ET Q q 0 0 0 rg BT 527.22 118.55 Td (US$84.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.55 Td (million\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.72 106.55 Td (. ) Tj ET Q q 0 0 0 rg BT 87.21 106.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 121.30 106.55 Td (is ) Tj ET Q q 0 0 0 rg BT 130.96 106.55 Td (to ) Tj ET Q q 0 0 0 rg BT 141.73 106.55 Td (comply ) Tj ET Q q 0 0 0 rg BT 174.72 106.55 Td (with ) Tj ET Q q 0 0 0 rg BT 195.49 106.55 Td (leverage ) Tj ET Q q 0 0 0 rg BT 232.34 106.55 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 256.16 106.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.58 106.55 Td (coverage ) Tj ET Q q 0 0 0 rg BT 327.65 106.55 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 351.47 106.55 Td (and ) Tj ET Q q 0 0 0 rg BT 368.90 106.55 Td (tangible ) Tj ET Q q 0 0 0 rg BT 404.10 106.55 Td (net ) Tj ET Q q 0 0 0 rg BT 419.31 106.55 Td (worth ) Tj ET Q q 0 0 0 rg BT 445.63 106.55 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 491.11 106.55 Td ( ) Tj ET Q q 0 0 0 rg BT 493.44 106.55 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.43 106.55 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 94.55 Td ( ) Tj ET Q q 0 0 0 rg BT 71.57 94.55 Td (and ) Tj ET Q q 0 0 0 rg BT 88.07 94.55 Td (December ) Tj ET Q q 0 0 0 rg BT 131.22 94.55 Td (31, ) Tj ET Q q 0 0 0 rg BT 145.79 94.55 Td (2018, ) Tj ET Q q 0 0 0 rg BT 170.36 94.55 Td (and ) Tj ET Q q 0 0 0 rg BT 186.86 94.55 Td (throughout ) Tj ET Q q 0 0 0 rg BT 232.82 94.55 Td (the ) Tj ET Q q 0 0 0 rg BT 247.10 94.55 Td (periods ) Tj ET Q q 0 0 0 rg BT 278.60 94.55 Td (presented, ) Tj ET Q q 0 0 0 rg BT 321.49 94.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 354.65 94.55 Td (was ) Tj ET Q q 0 0 0 rg BT 372.27 94.55 Td (compliant ) Tj ET Q q 0 0 0 rg BT 414.33 94.55 Td (with ) Tj ET Q q 0 0 0 rg BT 434.17 94.55 Td (all ) Tj ET Q q 0 0 0 rg BT 446.24 94.55 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 490.79 94.55 Td ( ) Tj ET Q q 0 0 0 rg BT 492.85 94.55 Td (Based ) Tj ET Q q 0 0 0 rg BT 519.36 94.55 Td (on ) Tj ET Q q 0 0 0 rg BT 531.43 94.55 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.22 82.55 Td (levels, ) Tj ET Q q 0 0 0 rg BT 97.54 82.55 Td (the ) Tj ET Q q 0 0 0 rg BT 112.26 82.55 Td (ef) Tj ET Q q 0 0 0 rg BT 119.85 82.55 Td (fective ) Tj ET Q q 0 0 0 rg BT 149.55 82.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.48 82.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 198.97 82.55 Td (during ) Tj ET Q q 0 0 0 rg BT 227.58 82.55 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.29 82.55 Td (year ) Tj ET Q q 0 0 0 rg BT 262.00 82.55 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.88 82.55 Td ( ) Tj ET Q q 0 0 0 rg BT 288.38 82.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.88 82.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 349.46 82.55 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.46 82.55 Td ( ) Tj ET Q q 0 0 0 rg BT 371.96 82.55 Td (was ) Tj ET Q q 0 0 0 rg BT 390.01 82.55 Td (5.72% ) Tj ET Q q 0 0 0 rg BT 418.34 82.55 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 444.17 82.55 Td (- ) Tj ET Q q 0 0 0 rg BT 450.00 82.55 Td (5.51%\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.55 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 66.76 70.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 100.12 70.55 Td (has ) Tj ET Q q 0 0 0 rg BT 115.71 70.55 Td (a ) Tj ET Q q 0 0 0 rg BT 122.41 70.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.44 70.55 Td (facility) Tj ET Q q 0 0 0 rg BT 175.11 70.55 Td (, ) Tj ET Q q 0 0 0 rg BT 179.87 70.55 Td (with ) Tj ET Q q 0 0 0 rg BT 199.91 70.55 Td (an ) Tj ET Q q 0 0 0 rg BT 211.61 70.55 Td (US$80 ) Tj ET Q q 0 0 0 rg BT 241.66 70.55 Td (million ) Tj ET Q q 0 0 0 rg BT 272.81 70.55 Td (annual ) Tj ET Q q 0 0 0 rg BT 301.73 70.55 Td (capacity) Tj ET Q q 0 0 0 rg BT 334.39 70.55 Td (, ) Tj ET Q q 0 0 0 rg BT 339.15 70.55 Td (with ) Tj ET Q q 0 0 0 rg BT 359.19 70.55 Td (a ) Tj ET Q q 0 0 0 rg BT 365.89 70.55 Td (life ) Tj ET Q q 0 0 0 rg BT 381.48 70.55 Td (insurance ) Tj ET Q q 0 0 0 rg BT 422.06 70.55 Td (company ) Tj ET Q q 0 0 0 rg BT 460.98 70.55 Td (that ) Tj ET Q q 0 0 0 rg BT 478.23 70.55 Td (expires ) Tj ET Q q 0 0 0 rg BT 509.37 70.55 Td (in ) Tj ET Q q 0 0 0 rg BT 519.41 70.55 Td (June ) Tj ET Q q 0 0 0 rg BT 540.00 70.55 Td (2027. ) Tj ET Q q 0 0 0 rg BT 565.00 70.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.55 Td (The ) Tj ET Q q 0 0 0 rg BT 66.85 58.55 Td (funder ) Tj ET Q q 0 0 0 rg BT 94.75 58.55 Td (makes ) Tj ET Q q 0 0 0 rg BT 122.09 58.55 Td (approved ) Tj ET Q q 0 0 0 rg BT 161.10 58.55 Td (advances ) Tj ET Q q 0 0 0 rg BT 199.55 58.55 Td (to ) Tj ET Q q 0 0 0 rg BT 209.13 58.55 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 242.03 58.55 Td (on ) Tj ET Q q 0 0 0 rg BT 253.83 58.55 Td (a ) Tj ET Q q 0 0 0 rg BT 260.07 58.55 Td (tranche-by-tranche ) Tj ET Q q 0 0 0 rg BT 337.38 58.55 Td (basis, ) Tj ET Q q 0 0 0 rg BT 361.68 58.55 Td (with ) Tj ET Q q 0 0 0 rg BT 381.26 58.55 Td (each ) Tj ET Q q 0 0 0 rg BT 401.37 58.55 Td (tranche ) Tj ET Q q 0 0 0 rg BT 432.60 58.55 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 488.25 58.55 Td (by ) Tj ET Q q 0 0 0 rg BT 500.05 58.55 Td (a ) Tj ET Q q 0 0 0 rg BT 506.29 58.55 Td (specific ) Tj ET Q q 0 0 0 rg BT 539.18 58.55 Td (group ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I28 Do Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.50 713.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 104.49 713.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 135.58 713.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 182.22 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.32 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 214.43 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 243.29 713.10 Td (security ) Tj ET Q q 0 0 0 rg BT 276.62 713.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 313.83 713.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 356.03 713.10 Td (. ) Tj ET Q q 0 0 0 rg BT 360.08 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 377.29 713.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 407.28 713.10 Td (has ) Tj ET Q q 0 0 0 rg BT 422.27 713.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 457.81 713.10 Td (only ) Tj ET Q q 0 0 0 rg BT 477.25 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.70 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.58 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 525.58 713.10 Td (financed. ) Tj ET Q q 0 0 0 rg BT 565.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.50 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.25 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 85.56 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.10 701.10 Td (each ) Tj ET Q q 0 0 0 rg BT 116.62 701.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 136.04 701.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 171.00 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.87 701.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 202.63 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 212.05 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.47 701.10 Td (time ) Tj ET Q q 0 0 0 rg BT 246.45 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.98 701.10 Td (each ) Tj ET Q q 0 0 0 rg BT 277.50 701.10 Td (tranche. ) Tj ET Q q 0 0 0 rg BT 311.63 701.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 344.93 701.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 386.02 701.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 415.43 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.40 701.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 470.36 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.90 701.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.86 701.10 Td (enhancements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.88 689.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 96.36 689.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 122.84 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.22 689.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 174.13 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.96 689.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 201.00 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.38 689.10 Td (those ) Tj ET Q q 0 0 0 rg BT 234.53 689.10 Td (same ) Tj ET Q q 0 0 0 rg BT 257.13 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.94 689.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 314.25 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.30 689.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 349.44 689.10 Td (retains ) Tj ET Q q 0 0 0 rg BT 378.15 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.41 689.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 431.11 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.49 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 464.08 689.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 495.55 689.10 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 545.07 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 689.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.04 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.38 677.10 Td (this ) Tj ET Q q 0 0 0 rg BT 108.83 677.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 139.16 677.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.38 677.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.47 677.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.47 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.48 677.10 Td (was ) Tj ET Q q 0 0 0 rg BT 246.04 677.10 Td (US$16.6 ) Tj ET Q q 0 0 0 rg BT 283.33 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 314.23 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 334.01 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 345.46 677.10 Td (ef) Tj ET Q q 0 0 0 rg BT 353.04 677.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 382.25 677.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 413.69 677.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 430.69 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.02 677.10 Td (4.43% ) Tj ET Q q 0 0 0 rg BT 468.86 677.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 511.97 677.10 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 665.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 106.71 665.10 Td (costs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.54 665.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 179.46 665.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.46 665.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 216.96 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.46 665.10 Td (nil\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.34 665.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 66.92 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.23 653.10 Td (October ) Tj ET Q q 0 0 0 rg BT 113.42 653.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 138.90 653.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 172.97 653.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 217.60 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.02 653.10 Td (US$254 ) Tj ET Q q 0 0 0 rg BT 260.79 653.10 Td (million ) Tj ET Q q 0 0 0 rg BT 292.66 653.10 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 346.72 653.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 403.57 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.99 653.10 Td (has ) Tj ET Q q 0 0 0 rg BT 447.30 653.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 470.82 653.10 Td (term ) Tj ET Q q 0 0 0 rg BT 492.13 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.55 653.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 533.07 653.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 71.10 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.66 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.45 641.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 158.42 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.54 641.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 221.63 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.18 641.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 286.09 641.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 325.21 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.65 641.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 383.98 641.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 411.98 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.54 641.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 457.96 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.63 641.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 535.62 641.10 Td (has ) Tj ET Q q 0 0 0 rg BT 553.06 641.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 101.64 629.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 119.91 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.40 629.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 157.28 629.10 Td (including ) Tj ET Q q 0 0 0 rg BT 197.22 629.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 215.48 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.08 629.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 253.67 629.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 278.33 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.82 629.10 Td (2.77% ) Tj ET Q q 0 0 0 rg BT 316.81 629.10 Td (per ) Tj ET Q q 0 0 0 rg BT 331.74 629.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 363.62 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.78 629.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 404.04 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 425.64 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.02 629.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 496.04 629.10 Td (were ) Tj ET Q q 0 0 0 rg BT 517.63 629.10 Td (used ) Tj ET Q q 0 0 0 rg BT 538.12 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.06 629.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (down ) Tj ET Q q 0 0 0 rg BT 73.79 617.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 112.65 617.10 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 157.48 617.10 Td (line ) Tj ET Q q 0 0 0 rg BT 174.55 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.06 617.10 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 244.93 617.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 271.44 617.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 311.84 617.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 336.67 617.10 Td (facility) Tj ET Q q 0 0 0 rg BT 364.34 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.91 617.10 Td (During ) Tj ET Q q 0 0 0 rg BT 399.31 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.60 617.10 Td (third ) Tj ET Q q 0 0 0 rg BT 434.56 617.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 464.94 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.34 617.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 499.92 617.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 533.08 617.10 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.10 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.59 605.10 Td (US$164.5 ) Tj ET Q q 0 0 0 rg BT 118.92 605.10 Td (million ) Tj ET Q q 0 0 0 rg BT 150.86 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.34 605.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 201.37 605.10 Td (swaption ) Tj ET Q q 0 0 0 rg BT 240.53 605.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 285.21 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.25 605.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 341.85 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.56 605.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 394.04 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.41 605.10 Td (an ) Tj ET Q q 0 0 0 rg BT 417.90 605.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 447.60 605.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 471.19 605.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 491.73 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.55 605.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.35 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 558.06 605.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 81.58 593.10 Td (based ) Tj ET Q q 0 0 0 rg BT 106.44 593.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 139.62 593.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 156.69 593.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 191.12 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 208.75 593.10 Td (swaption ) Tj ET Q q 0 0 0 rg BT 246.94 593.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 290.67 593.10 Td (was ) Tj ET Q q 0 0 0 rg BT 308.31 593.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.72 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.58 593.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 368.43 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.73 593.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 413.14 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.55 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.85 593.10 Td (marketed ) Tj ET Q q 0 0 0 rg BT 477.14 593.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 533.09 593.10 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.56 581.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 114.50 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.77 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.49 581.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 170.31 581.10 Td (end. ) Tj ET Q q 0 0 0 rg BT 189.56 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 207.61 581.10 Td (swaption ) Tj ET Q q 0 0 0 rg BT 246.22 581.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 290.36 581.10 Td (matured ) Tj ET Q q 0 0 0 rg BT 325.62 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.12 581.10 Td (October ) Tj ET Q q 0 0 0 rg BT 372.83 581.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 387.83 581.10 Td (2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 63.10 557.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 84.49 557.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 106.43 557.10 Td (facilities: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 70.39 545.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 91.84 545.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.18 545.10 Td (master ) Tj ET Q q 0 0 0 rg BT 135.84 545.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 173.38 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.82 545.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 228.48 545.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 276.02 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 295.80 545.10 Td (various ) Tj ET Q q 0 0 0 rg BT 327.24 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.23 545.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 410.69 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.13 545.10 Td (life ) Tj ET Q q 0 0 0 rg BT 442.46 545.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 482.78 545.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 527.55 545.10 Td (\(referred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.34 533.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 110.04 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.43 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.71 533.10 Td (擢unders能). ) Tj ET Q q 0 0 0 rg BT 186.69 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.53 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 208.14 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.20 533.10 Td (Funders ) Tj ET Q q 0 0 0 rg BT 246.48 533.10 Td (make ) Tj ET Q q 0 0 0 rg BT 271.19 533.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 310.90 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.73 533.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 343.68 533.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 366.19 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.25 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.74 533.10 Td (tranche-by-tranche ) Tj ET Q q 0 0 0 rg BT 465.31 533.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 490.87 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.71 533.10 Td (each ) Tj ET Q q 0 0 0 rg BT 533.08 533.10 Td (tranche ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 106.26 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 119.16 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.51 521.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 160.51 521.10 Td (group ) Tj ET Q q 0 0 0 rg BT 186.74 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.98 521.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 244.21 521.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 276.54 521.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 324.41 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.76 521.10 Td (any ) Tj ET Q q 0 0 0 rg BT 359.10 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 389.21 521.10 Td (security ) Tj ET Q q 0 0 0 rg BT 423.77 521.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 462.22 521.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 504.42 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.62 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.07 521.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.79 509.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 103.54 509.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 140.83 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.02 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 175.98 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.73 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.93 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.56 509.10 Td (event ) Tj ET Q q 0 0 0 rg BT 254.63 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.04 509.10 Td (lessees\\borrowers ) Tj ET Q q 0 0 0 rg BT 347.55 509.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 364.29 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.49 509.10 Td (make ) Tj ET Q q 0 0 0 rg BT 400.56 509.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 442.30 509.10 Td (when ) Tj ET Q q 0 0 0 rg BT 467.38 509.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 487.74 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.15 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.57 509.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 516.87 509.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 539.74 509.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 90.99 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 120.81 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.19 497.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 176.56 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 187.50 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.87 497.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 272.13 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.07 497.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 320.12 497.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 347.16 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.10 497.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 399.58 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.97 497.10 Td (return ) Tj ET Q q 0 0 0 rg BT 436.45 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.73 497.10 Td (release ) Tj ET Q q 0 0 0 rg BT 481.09 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.03 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.86 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 527.24 497.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 565.00 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 70.89 485.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 92.83 485.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 133.66 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.94 485.10 Td (service ) Tj ET Q q 0 0 0 rg BT 174.75 485.10 Td (these ) Tj ET Q q 0 0 0 rg BT 197.80 485.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 229.72 485.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 277.20 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.70 485.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 317.18 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.01 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.73 485.10 Td (Funders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.16 461.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 120.89 461.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.89 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.05 461.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 167.59 461.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 189.70 461.10 Td (had ) Tj ET Q q 0 0 0 rg BT 206.79 461.10 Td (access ) Tj ET Q q 0 0 0 rg BT 234.98 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.42 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.29 461.10 Td (following ) Tj ET Q q 0 0 0 rg BT 301.83 461.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 347.25 461.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 368.79 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.78 461.10 Td (funding: ) Tj ET Q q 0 0 0 rg BT 416.32 461.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 428.42 461.10 Td ($60.0 ) Tj ET Q q 0 0 0 rg BT 453.57 461.10 Td (million ) Tj ET Q q 0 0 0 rg BT 485.12 461.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 514.43 461.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 535.98 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 558.07 461.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (life ) Tj ET Q q 0 0 0 rg BT 66.26 449.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 108.01 449.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 150.88 449.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 166.53 449.10 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 197.47 449.10 Td (million ) Tj ET Q q 0 0 0 rg BT 229.79 449.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 259.89 449.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 282.22 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 305.09 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.97 449.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.38 449.10 Td (institution; ) Tj ET Q q 0 0 0 rg BT 398.16 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.03 449.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 434.46 449.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 475.10 449.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 509.65 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 532.52 449.10 Td (another ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.80 437.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 129.69 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.79 437.10 Td (no ) Tj ET Q q 0 0 0 rg BT 162.12 437.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 191.10 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.75 437.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 230.74 437.10 Td (limit. ) Tj ET Q q 0 0 0 rg BT 253.94 437.10 Td (As ) Tj ET Q q 0 0 0 rg BT 267.38 437.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.92 437.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.33 437.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.33 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.15 437.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 381.36 437.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 403.14 437.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.90 437.10 Td ($139.4 ) Tj ET Q q 0 0 0 rg BT 449.72 437.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.62 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.94 437.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 527.68 437.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.50 437.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.20 425.10 Td ($146.2 ) Tj ET Q q 0 0 0 rg BT 85.08 425.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.97 425.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 119.67 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 425.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 186.06 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.87 425.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 223.03 425.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 245.38 425.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 285.52 425.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 322.32 425.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 341.91 425.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 393.45 425.10 Td (was ) Tj ET Q q 0 0 0 rg BT 411.38 425.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 447.08 425.10 Td ($74.2 ) Tj ET Q q 0 0 0 rg BT 471.95 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 503.22 425.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 550.00 425.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 72.06 413.10 Td (- ) Tj ET Q q 0 0 0 rg BT 77.95 413.10 Td ($76.2 ) Tj ET Q q 0 0 0 rg BT 103.00 413.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 137.78 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.67 413.10 Td (its ) Tj ET Q q 0 0 0 rg BT 160.68 413.10 Td (available ) Tj ET Q q 0 0 0 rg BT 199.32 413.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 239.64 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.64 413.10 Td (had ) Tj ET Q q 0 0 0 rg BT 273.64 413.10 Td (access ) Tj ET Q q 0 0 0 rg BT 301.73 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.07 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.84 413.10 Td (least ) Tj ET Q q 0 0 0 rg BT 342.72 413.10 Td ($1) Tj ET Q q 0 0 0 rg BT 352.35 413.10 Td (15.8 ) Tj ET Q q 0 0 0 rg BT 372.41 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 403.86 413.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 450.83 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.89 413.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 488.45 413.10 Td (- ) Tj ET Q q 0 0 0 rg BT 494.33 413.10 Td ($93.8 ) Tj ET Q q 0 0 0 rg BT 519.39 413.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 554.17 413.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 401.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 132.25 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.19 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.91 401.10 Td (Funders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 81.25 377.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 101.90 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.87 377.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 138.18 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 147.17 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.15 377.10 Td (time ) Tj ET Q q 0 0 0 rg BT 180.69 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.79 377.10 Td (each ) Tj ET Q q 0 0 0 rg BT 210.87 377.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 245.39 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.59 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.57 377.10 Td (based ) Tj ET Q q 0 0 0 rg BT 300.10 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.87 377.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 363.62 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.72 377.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 405.47 377.10 Td (Bond ) Tj ET Q q 0 0 0 rg BT 428.91 377.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 454.56 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.10 377.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 515.86 377.10 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.36 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.65 365.10 Td (term ) Tj ET Q q 0 0 0 rg BT 94.06 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.47 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.76 365.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 164.17 365.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 190.12 365.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 208.87 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.39 365.10 Td (premium. ) Tj ET Q q 0 0 0 rg BT 256.07 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.15 365.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 284.67 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 296.75 365.10 Td (average ) Tj ET Q q 0 0 0 rg BT 329.91 365.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 349.21 365.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 377.11 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.41 365.10 Td (ef) Tj ET Q q 0 0 0 rg BT 399.00 365.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 428.28 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 459.79 365.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.85 365.10 Td (during ) Tj ET Q q 0 0 0 rg BT 505.04 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.34 365.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.62 365.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.17 353.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.17 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.76 353.10 Td (was ) Tj ET Q q 0 0 0 rg BT 148.90 353.10 Td (3.61% ) Tj ET Q q 0 0 0 rg BT 177.31 353.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 203.23 353.10 Td (- ) Tj ET Q q 0 0 0 rg BT 209.15 353.10 Td (3.37%\). ) Tj ET Q q 0 0 0 rg BT 243.39 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.98 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.00 353.10 Td (As ) Tj ET Q q 0 0 0 rg BT 261.70 353.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.50 353.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 330.17 353.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.17 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.26 353.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 376.73 353.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 398.77 353.10 Td (had ) Tj ET Q q 0 0 0 rg BT 415.79 353.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 453.93 353.10 Td ($9.9 ) Tj ET Q q 0 0 0 rg BT 474.01 353.10 Td (million ) Tj ET Q q 0 0 0 rg BT 505.49 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.86 353.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 76.21 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.82 341.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 127.96 341.10 Td (through ) Tj ET Q q 0 0 0 rg BT 161.34 341.10 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 215.43 341.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 256.03 341.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.07 341.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 311.67 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.72 341.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 338.99 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.60 341.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.64 341.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 407.18 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.46 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.73 341.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 432.90 341.10 Td (Chip ) Tj ET Q q 0 0 0 rg BT 454.62 341.10 Td (must ) Tj ET Q q 0 0 0 rg BT 476.35 341.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 498.06 341.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 527.54 341.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 94.51 329.10 Td (including ) Tj ET Q q 0 0 0 rg BT 134.81 329.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 171.20 329.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 194.55 329.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.51 329.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 265.12 329.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 288.47 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.43 329.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 340.17 329.10 Td (net ) Tj ET Q q 0 0 0 rg BT 354.92 329.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 380.77 329.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 425.78 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.09 329.10 Td (support ) Tj ET Q q 0 0 0 rg BT 468.61 329.10 Td (these ) Tj ET Q q 0 0 0 rg BT 491.69 329.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 548.08 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 69.22 317.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 91.15 317.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 130.85 317.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 169.73 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.24 317.10 Td (As ) Tj ET Q q 0 0 0 rg BT 184.29 317.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.45 317.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.48 317.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.48 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.42 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.80 317.10 Td (December ) Tj ET Q q 0 0 0 rg BT 332.83 317.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 347.27 317.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 371.71 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.10 317.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 433.92 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.08 317.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 479.46 317.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 522.22 317.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 543.05 317.10 Td (Chip ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 305.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 110.04 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.32 305.10 Td (all ) Tj ET Q q 0 0 0 rg BT 142.82 305.10 Td (covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.66015625 279.7669921875 m 128.923828125 279.7669921875 l s q 0 0 0 rg BT 63.66 281.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 106.70 281.10 Td (funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 92.72 269.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 117.62 269.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 156.94 269.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.39 269.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 208.93 269.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 246.59 269.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.71 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.59 269.10 Td (held ) Tj ET Q q 0 0 0 rg BT 308.49 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.94 269.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 339.40 269.10 Td (as ) Tj ET Q q 0 0 0 rg BT 350.41 269.10 Td (security ) Tj ET Q q 0 0 0 rg BT 384.74 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.08 269.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 432.29 269.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 480.52 269.10 Td (\(Pawnee ) Tj ET Q q 0 0 0 rg BT 517.63 269.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 554.73 269.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.16 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.12 257.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 92.30 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.70 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.43 257.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 169.82 257.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 206.77 257.10 Td (required ) Tj ET Q q 0 0 0 rg BT 242.05 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.02 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.20 257.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 299.04 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.34 257.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.50 257.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.45 257.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 400.74 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.70 257.10 Td (can ) Tj ET Q q 0 0 0 rg BT 433.54 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 453.28 257.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.69 257.10 Td (used ) Tj ET Q q 0 0 0 rg BT 484.98 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.72 257.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 518.90 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 541.41 257.10 Td (debts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 245.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 95.59 245.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 121.14 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.46 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.51 245.10 Td ('cash ) Tj ET Q q 0 0 0 rg BT 163.58 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.86 245.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 219.68 245.10 Td (accounts' ) Tj ET Q q 0 0 0 rg BT 258.96 245.10 Td (will ) Tj ET Q q 0 0 0 rg BT 277.02 245.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.96 245.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 320.89 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.17 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.89 245.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 395.05 245.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 443.10 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.38 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.10 245.10 Td (following ) Tj ET Q q 0 0 0 rg BT 509.49 245.10 Td (month.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 209.60000000000002 m 472 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 209.60000000000002 m 561 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 209.60000000000002 m 472 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 209.60000000000002 m 561 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 159.60000000000002 m 472 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 159.60000000000002 m 472 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 144.60000000000002 m 472 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 159.60000000000002 m 561 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 144.60000000000002 m 561 144.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.35 224.28 Td (December) Tj ET Q q 0 0 0 rg BT 453.48 224.28 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 214.28 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 224.27 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 214.27 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.10 200.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 186.27 Td (Restricted - cash in collection accounts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.50 186.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.65 186.28 Td (16,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 186.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 186.27 Td (9,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 171.27 Td (Restricted - cash reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.65 171.28 Td (5,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 171.27 Td (4,535) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.50 149.28 Td (Restricted funds) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.50 149.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.65 149.28 Td (21,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 149.27 Td (13,598) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.0986328125 119.76699218750002 m 216.1064453125 119.76699218750002 l s q 0 0 0 rg BT 63.10 121.10 Td (Redemption of convertible debentures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (On December 12, 2017, the Company exercised its right to redeem the debentures on January 17, 2018. ) Tj ET Q q 0 0 0 rg BT 466.15 109.10 Td (The Company paid, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (cash, to the debenture holders $20.0 million in outstanding principal and $60,548 in accrued and unpaid interest up to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (redemption date.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I29 Do Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 703.75 Td (13. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 703.75 Td (CUST) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 76.54 703.75 Td (OMER SECURITY) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 159.70 703.75 Td ( DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 679.75 Td (Customer ) Tj ET Q q 0 0 0 rg BT 90.00 679.75 Td (security ) Tj ET Q q 0 0 0 rg BT 123.26 679.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 157.65 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 171.47 679.75 Td (held ) Tj ET Q q 0 0 0 rg BT 190.30 679.75 Td (for ) Tj ET Q q 0 0 0 rg BT 203.57 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.40 679.75 Td (full ) Tj ET Q q 0 0 0 rg BT 232.90 679.75 Td (term ) Tj ET Q q 0 0 0 rg BT 252.83 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.78 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.60 679.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 298.20 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.25 679.75 Td (then ) Tj ET Q q 0 0 0 rg BT 333.08 679.75 Td (returned ) Tj ET Q q 0 0 0 rg BT 368.01 679.75 Td (or ) Tj ET Q q 0 0 0 rg BT 377.95 679.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 408.99 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 418.38 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 432.21 679.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 469.36 679.75 Td (option ) Tj ET Q q 0 0 0 rg BT 496.53 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 506.47 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 520.30 679.75 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.75 Td (at ) Tj ET Q q 0 0 0 rg BT 59.19 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 667.75 Td (lessee) Tj ET Q q 0 0 0 rg BT 100.54 667.75 Td (s ) Tj ET Q q 0 0 0 rg BT 106.91 667.75 Td (request, ) Tj ET Q q 0 0 0 rg BT 140.77 667.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 168.25 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.94 667.75 Td (lessee ) Tj ET Q q 0 0 0 rg BT 209.30 667.75 Td (has ) Tj ET Q q 0 0 0 rg BT 225.11 667.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 269.80 667.75 Td (defaulted ) Tj ET Q q 0 0 0 rg BT 309.48 667.75 Td (in ) Tj ET Q q 0 0 0 rg BT 319.74 667.75 Td (which ) Tj ET Q q 0 0 0 rg BT 346.65 667.75 Td (case ) Tj ET Q q 0 0 0 rg BT 366.34 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 381.03 667.75 Td (deposit ) Tj ET Q q 0 0 0 rg BT 412.40 667.75 Td (is ) Tj ET Q q 0 0 0 rg BT 421.55 667.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 453.46 667.75 Td (against ) Tj ET Q q 0 0 0 rg BT 484.26 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 498.96 667.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 521.42 667.75 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.75 Td (at ) Tj ET Q q 0 0 0 rg BT 59.32 655.75 Td (that ) Tj ET Q q 0 0 0 rg BT 76.92 655.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 99.80 655.75 Td ( ) Tj ET Q q 0 0 0 rg BT 102.41 655.75 Td (Past ) Tj ET Q q 0 0 0 rg BT 121.69 655.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 167.59 655.75 Td (suggests ) Tj ET Q q 0 0 0 rg BT 204.09 655.75 Td (that ) Tj ET Q q 0 0 0 rg BT 221.69 655.75 Td (a ) Tj ET Q q 0 0 0 rg BT 228.74 655.75 Td (very ) Tj ET Q q 0 0 0 rg BT 249.11 655.75 Td (high ) Tj ET Q q 0 0 0 rg BT 269.50 655.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 315.41 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 326.34 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 341.17 655.75 Td (customer ) Tj ET Q q 0 0 0 rg BT 380.43 655.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 415.81 655.75 Td (are ) Tj ET Q q 0 0 0 rg BT 430.63 655.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 462.67 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 473.05 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.87 655.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 526.02 655.75 Td (option ) Tj ET Q q 0 0 0 rg BT 554.18 655.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 643.75 Td (leased ) Tj ET Q q 0 0 0 rg BT 91.70 643.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 136.41 643.75 Td (at ) Tj ET Q q 0 0 0 rg BT 146.13 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 160.85 643.75 Td (end ) Tj ET Q q 0 0 0 rg BT 177.79 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.62 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 203.33 643.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 225.82 643.75 Td (term, ) Tj ET Q q 0 0 0 rg BT 249.14 643.75 Td (or ) Tj ET Q q 0 0 0 rg BT 259.97 643.75 Td (as ) Tj ET Q q 0 0 0 rg BT 270.80 643.75 Td (an ) Tj ET Q q 0 0 0 rg BT 282.74 643.75 Td (of) Tj ET Q q 0 0 0 rg BT 290.89 643.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 307.83 643.75 Td (against ) Tj ET Q q 0 0 0 rg BT 338.66 643.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 387.82 643.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 410.31 643.75 Td (receivables.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 608.25 m 471 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 608.25 m 471 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 608.25 m 561 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 565.25 m 471 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 565.25 m 471 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 550.25 m 471 550.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 565.25 m 561 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 550.25 m 561 550.25 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.35 622.93 Td (December) Tj ET Q q 0 0 0 rg BT 452.48 622.93 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.50 612.93 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 622.92 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 612.92 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 453.10 599.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 584.92 Td (Security deposits that will be utilized within one year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 584.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 584.93 Td (3,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 584.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 584.92 Td (3,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 569.92 Td (Security deposits that will be utilized in future years) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 569.93 Td (8,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 569.92 Td (12,889) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 554.93 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.65 554.93 Td (12,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 554.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 554.92 Td (16,773) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I30 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 526.75 Td (14. INTEREST RA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 114.11 526.75 Td (TE DERIV) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 159.48 526.75 Td (A) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 165.96 526.75 Td (TIVES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 502.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.68 502.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 100.86 502.75 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 150.42 502.75 Td (which ) Tj ET Q q 0 0 0 rg BT 178.05 502.75 Td (comprise ) Tj ET Q q 0 0 0 rg BT 217.90 502.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.52 502.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 268.70 502.75 Td (swaps ) Tj ET Q q 0 0 0 rg BT 296.34 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 313.97 502.75 Td (caps, ) Tj ET Q q 0 0 0 rg BT 337.43 502.75 Td (are ) Tj ET Q q 0 0 0 rg BT 352.83 502.75 Td (not ) Tj ET Q q 0 0 0 rg BT 368.80 502.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 415.31 502.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 446.83 502.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 496.68 502.75 Td (as ) Tj ET Q q 0 0 0 rg BT 508.21 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 502.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.75 Td (intends ) Tj ET Q q 0 0 0 rg BT 80.70 490.75 Td (to ) Tj ET Q q 0 0 0 rg BT 90.79 490.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 110.89 490.75 Td (them ) Tj ET Q q 0 0 0 rg BT 133.20 490.75 Td (until ) Tj ET Q q 0 0 0 rg BT 153.85 490.75 Td (maturity) Tj ET Q q 0 0 0 rg BT 187.08 490.75 Td (. ) Tj ET Q q 0 0 0 rg BT 191.73 490.75 Td (The ) Tj ET Q q 0 0 0 rg BT 209.59 490.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 258.57 490.75 Td (do ) Tj ET Q q 0 0 0 rg BT 270.88 490.75 Td (not ) Tj ET Q q 0 0 0 rg BT 285.97 490.75 Td (qualify ) Tj ET Q q 0 0 0 rg BT 316.61 490.75 Td (as ) Tj ET Q q 0 0 0 rg BT 327.26 490.75 Td (hedges ) Tj ET Q q 0 0 0 rg BT 357.34 490.75 Td (for ) Tj ET Q q 0 0 0 rg BT 371.31 490.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 417.50 490.75 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 457.87 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.62 490.75 Td (are ) Tj ET Q q 0 0 0 rg BT 489.14 490.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 527.54 490.75 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.75 Td (as ) Tj ET Q q 0 0 0 rg BT 59.71 478.75 Td (separate ) Tj ET Q q 0 0 0 rg BT 94.34 478.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 136.20 478.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 173.05 478.75 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 223.68 478.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 273.02 478.75 Td (, ) Tj ET Q q 0 0 0 rg BT 277.40 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.49 478.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 331.69 478.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.44 478.75 Td (values ) Tj ET Q q 0 0 0 rg BT 374.87 478.75 Td (are ) Tj ET Q q 0 0 0 rg BT 388.95 478.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 425.80 478.75 Td (on ) Tj ET Q q 0 0 0 rg BT 437.68 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.78 478.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 511.96 478.75 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 91.42 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.36 466.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.94 466.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 180.01 466.75 Td (The ) Tj ET Q q 0 0 0 rg BT 199.16 466.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 216.64 466.75 Td (values ) Tj ET Q q 0 0 0 rg BT 245.79 466.75 Td (are ) Tj ET Q q 0 0 0 rg BT 261.59 466.75 Td (based ) Tj ET Q q 0 0 0 rg BT 287.97 466.75 Td (on ) Tj ET Q q 0 0 0 rg BT 301.57 466.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.39 466.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 359.31 466.75 Td (net ) Tj ET Q q 0 0 0 rg BT 375.13 466.75 Td (present ) Tj ET Q q 0 0 0 rg BT 407.61 466.75 Td (value ) Tj ET Q q 0 0 0 rg BT 432.87 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 444.80 466.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.17 466.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 492.00 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 510.04 466.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 550.28 466.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.87 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 454.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.98 454.75 Td (would ) Tj ET Q q 0 0 0 rg BT 189.48 454.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 220.84 454.75 Td (\(pay\) ) Tj ET Q q 0 0 0 rg BT 244.44 454.75 Td (if ) Tj ET Q q 0 0 0 rg BT 253.04 454.75 Td (a ) Tj ET Q q 0 0 0 rg BT 259.98 454.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 302.46 454.75 Td (was ) Tj ET Q q 0 0 0 rg BT 320.52 454.75 Td (terminated ) Tj ET Q q 0 0 0 rg BT 365.77 454.75 Td (on ) Tj ET Q q 0 0 0 rg BT 378.27 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.99 454.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 432.15 454.75 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.75 Td (Payments ) Tj ET Q q 0 0 0 rg BT 90.48 434.75 Td (made ) Tj ET Q q 0 0 0 rg BT 114.22 434.75 Td (and ) Tj ET Q q 0 0 0 rg BT 130.75 434.75 Td (received ) Tj ET Q q 0 0 0 rg BT 166.70 434.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 203.23 434.75 Td (to ) Tj ET Q q 0 0 0 rg BT 213.10 434.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.41 434.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 251.71 434.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.13 434.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.44 434.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 325.19 434.75 Td (are ) Tj ET Q q 0 0 0 rg BT 339.49 434.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 376.56 434.75 Td (as ) Tj ET Q q 0 0 0 rg BT 386.98 434.75 Td (an ) Tj ET Q q 0 0 0 rg BT 398.50 434.75 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 444.48 434.75 Td (to ) Tj ET Q q 0 0 0 rg BT 454.34 434.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 485.87 434.75 Td (expense. ) Tj ET Q q 0 0 0 rg BT 522.66 434.75 Td (Fair ) Tj ET Q q 0 0 0 rg BT 540.86 434.75 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.77 422.75 Td (are ) Tj ET Q q 0 0 0 rg BT 114.48 422.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 151.96 422.75 Td (separately ) Tj ET Q q 0 0 0 rg BT 194.99 422.75 Td (on ) Tj ET Q q 0 0 0 rg BT 207.49 422.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.21 422.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 263.03 422.75 Td (of ) Tj ET Q q 0 0 0 rg BT 273.86 422.75 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.75 Td (\(a\) Derivative swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.09 378.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.02 378.75 Td (enters ) Tj ET Q q 0 0 0 rg BT 133.94 378.75 Td (into ) Tj ET Q q 0 0 0 rg BT 151.54 378.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.02 378.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 200.05 378.75 Td (swap ) Tj ET Q q 0 0 0 rg BT 222.64 378.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 270.22 378.75 Td (that ) Tj ET Q q 0 0 0 rg BT 287.26 378.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 319.85 378.75 Td (for ) Tj ET Q q 0 0 0 rg BT 333.55 378.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 370.03 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 380.40 378.75 Td (an ) Tj ET Q q 0 0 0 rg BT 391.88 378.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 420.58 378.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 443.17 378.75 Td (rate, ) Tj ET Q q 0 0 0 rg BT 462.70 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 472.52 378.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 512.32 378.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.02 378.75 Td (a ) Tj ET Q q 0 0 0 rg BT 532.51 378.75 Td (LIBOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (based ) Tj ET Q q 0 0 0 rg BT 74.32 366.75 Td (floating ) Tj ET Q q 0 0 0 rg BT 107.48 366.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.51 366.75 Td (amount. ) Tj ET Q q 0 0 0 rg BT 158.91 366.75 Td (The ) Tj ET Q q 0 0 0 rg BT 176.51 366.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.00 366.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 225.04 366.75 Td (swaps ) Tj ET Q q 0 0 0 rg BT 251.53 366.75 Td (are ) Tj ET Q q 0 0 0 rg BT 265.79 366.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 302.28 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.11 366.75 Td (of) Tj ET Q q 0 0 0 rg BT 320.26 366.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 336.75 366.75 Td (a ) Tj ET Q q 0 0 0 rg BT 343.24 366.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 374.18 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.56 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.83 366.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 433.08 366.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.57 366.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 481.61 366.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 498.66 366.75 Td (on ) Tj ET Q q 0 0 0 rg BT 510.71 366.75 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 565.02 366.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 89.40 354.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.74 354.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 143.63 354.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 161.30 354.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 182.31 354.75 Td (12\(a\) ) Tj ET Q q 0 0 0 rg BT 204.99 354.75 Td (-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 208.32 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 209.89 354.75 Td (Borr) Tj ET Q q 0 0 0 rg BT 228.41 354.75 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.75 354.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 263.81 354.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.38 354.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 333.04 354.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.04 354.75 Td (, ) Tj ET Q q 0 0 0 rg BT 357.11 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 370.90 354.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.35 354.75 Td (value ) Tj ET Q q 0 0 0 rg BT 409.58 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 419.49 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.28 354.75 Td (swaps ) Tj ET Q q 0 0 0 rg BT 459.29 354.75 Td (was ) Tj ET Q q 0 0 0 rg BT 476.42 354.75 Td (a ) Tj ET Q q 0 0 0 rg BT 482.43 354.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 515.11 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.02 354.75 Td ($293,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (\(December ) Tj ET Q q 0 0 0 rg BT 96.41 342.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 111.41 342.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 133.91 342.75 Td (- ) Tj ET Q q 0 0 0 rg BT 139.74 342.75 Td (an ) Tj ET Q q 0 0 0 rg BT 151.68 342.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 173.62 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.45 342.75 Td ($455,000\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.75 Td (The following swap agreements were outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.83 322.75 Td (December31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.41 322.75 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 100.5 280.25 m 196.5 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 280.25 m 292.5 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 280.25 m 401.5 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 280.25 m 510.5 280.25 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.00 284.93 Td (Effective Date) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.15 294.93 Td (Notional ) Tj ET Q q 0 0 0 rg BT 254.04 294.93 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 243.10 284.93 Td (US$) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.70 284.93 Td (Annual Fixed Rate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.30 284.93 Td (Maturity Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 269.92 Td (August 15, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.80 269.92 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.55 269.92 Td (1.985%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 269.92 Td (August 13, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 254.92 Td (August 15, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.80 254.92 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.55 254.92 Td (2.120%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 254.92 Td (August 13, 2021) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 63.66 226.75 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 108.36 226.75 Td (caps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.75 Td (During ) Tj ET Q q 0 0 0 rg BT 79.76 214.75 Td (the ) Tj ET Q q 0 0 0 rg BT 93.90 214.75 Td (third ) Tj ET Q q 0 0 0 rg BT 114.72 214.75 Td (quarter) Tj ET Q q 0 0 0 rg BT 142.63 214.75 Td (, ) Tj ET Q q 0 0 0 rg BT 147.06 214.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 180.09 214.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 211.44 214.75 Td (into ) Tj ET Q q 0 0 0 rg BT 228.93 214.75 Td (a ) Tj ET Q q 0 0 0 rg BT 235.30 214.75 Td (US$40.0 ) Tj ET Q q 0 0 0 rg BT 272.51 214.75 Td (million ) Tj ET Q q 0 0 0 rg BT 303.33 214.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 334.69 214.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 351.60 214.75 Td (cap ) Tj ET Q q 0 0 0 rg BT 367.41 214.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 410.98 214.75 Td (that ) Tj ET Q q 0 0 0 rg BT 427.90 214.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 464.27 214.75 Td (for ) Tj ET Q q 0 0 0 rg BT 477.86 214.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 514.22 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.48 214.75 Td (an ) Tj ET Q q 0 0 0 rg BT 535.85 214.75 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.25 202.75 Td (rate, ) Tj ET Q q 0 0 0 rg BT 91.95 202.75 Td (in ) Tj ET Q q 0 0 0 rg BT 101.93 202.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 141.89 202.75 Td (for ) Tj ET Q q 0 0 0 rg BT 155.76 202.75 Td (a ) Tj ET Q q 0 0 0 rg BT 162.41 202.75 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 194.61 202.75 Td (based ) Tj ET Q q 0 0 0 rg BT 219.59 202.75 Td (floating ) Tj ET Q q 0 0 0 rg BT 252.90 202.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.09 202.75 Td (amount. ) Tj ET Q q 0 0 0 rg BT 304.63 202.75 Td (The ) Tj ET Q q 0 0 0 rg BT 322.39 202.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.03 202.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 371.22 202.75 Td (cap ) Tj ET Q q 0 0 0 rg BT 387.30 202.75 Td (is ) Tj ET Q q 0 0 0 rg BT 396.18 202.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 432.82 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 442.81 202.75 Td (of) Tj ET Q q 0 0 0 rg BT 450.96 202.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 467.60 202.75 Td (a ) Tj ET Q q 0 0 0 rg BT 474.25 202.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 505.34 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 515.88 202.75 Td (the ) Tj ET Q q 0 0 0 rg BT 530.30 202.75 Td (variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.01 190.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.07 190.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 115.14 190.75 Td (on ) Tj ET Q q 0 0 0 rg BT 127.22 190.75 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 166.08 190.75 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 210.92 190.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 241.31 190.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 259.48 190.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 281.00 190.75 Td (12\(b\)\() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.99 190.75 Td (i) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.76 190.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 314.17 190.75 Td (-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 317.50 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 319.57 190.75 Td (Borr) Tj ET Q q 0 0 0 rg BT 338.09 190.75 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.43 190.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 374.19 190.75 Td (The ) Tj ET Q q 0 0 0 rg BT 391.81 190.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.32 190.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 440.38 190.75 Td (cap ) Tj ET Q q 0 0 0 rg BT 456.33 190.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 500.04 190.75 Td (matures ) Tj ET Q q 0 0 0 rg BT 533.77 190.75 Td (on ) Tj ET Q q 0 0 0 rg BT 545.85 190.75 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.75 Td (25, ) Tj ET Q q 0 0 0 rg BT 64.50 178.75 Td (2022. ) Tj ET Q q 0 0 0 rg BT 89.50 178.75 Td ( ) Tj ET Q q 0 0 0 rg BT 91.45 178.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.95 178.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 162.53 178.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.53 178.75 Td (, ) Tj ET Q q 0 0 0 rg BT 187.53 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 202.25 178.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 218.63 178.75 Td (value ) Tj ET Q q 0 0 0 rg BT 242.78 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.61 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.33 178.75 Td (swap ) Tj ET Q q 0 0 0 rg BT 291.38 178.75 Td (was ) Tj ET Q q 0 0 0 rg BT 309.43 178.75 Td (an ) Tj ET Q q 0 0 0 rg BT 321.37 178.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 343.31 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 354.14 178.75 Td ($57,000 ) Tj ET Q q 0 0 0 rg BT 389.14 178.75 Td (\(December ) Tj ET Q q 0 0 0 rg BT 436.05 178.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 451.05 178.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 473.55 178.75 Td (- ) Tj ET Q q 0 0 0 rg BT 479.38 178.75 Td (n/a\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.75 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 154.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.75 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 89.18 142.75 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 144.26 142.75 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 198.23 142.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 235.55 142.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 254.54 142.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 276.86 142.75 Td (12\(b\)\() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 301.85 142.75 Td (ii) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.41 142.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 313.63 142.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.84 142.75 Td (Borr) Tj ET Q q 0 0 0 rg BT 338.36 142.75 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.70 142.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 372.92 142.75 Td (require ) Tj ET Q q 0 0 0 rg BT 404.12 142.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 438.11 142.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.78 142.75 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 484.43 142.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 516.75 142.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 534.62 142.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 552.51 142.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.75 Td (entering ) Tj ET Q q 0 0 0 rg BT 84.42 130.75 Td (into ) Tj ET Q q 0 0 0 rg BT 102.14 130.75 Td (an ) Tj ET Q q 0 0 0 rg BT 113.74 130.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.33 130.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 162.48 130.75 Td (cap ) Tj ET Q q 0 0 0 rg BT 178.51 130.75 Td (for ) Tj ET Q q 0 0 0 rg BT 192.33 130.75 Td (a ) Tj ET Q q 0 0 0 rg BT 198.93 130.75 Td (notional ) Tj ET Q q 0 0 0 rg BT 233.86 130.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 266.02 130.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.51 130.75 Td (not ) Tj ET Q q 0 0 0 rg BT 291.45 130.75 Td (less ) Tj ET Q q 0 0 0 rg BT 308.61 130.75 Td (than ) Tj ET Q q 0 0 0 rg BT 327.98 130.75 Td (80% ) Tj ET Q q 0 0 0 rg BT 348.47 130.75 Td (of ) Tj ET Q q 0 0 0 rg BT 358.96 130.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.34 130.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 414.36 130.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 463.19 130.75 Td (balance. ) Tj ET Q q 0 0 0 rg BT 498.22 130.75 Td (The ) Tj ET Q q 0 0 0 rg BT 515.93 130.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.52 130.75 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.75 Td (caps ) Tj ET Q q 0 0 0 rg BT 70.09 118.75 Td (are ) Tj ET Q q 0 0 0 rg BT 85.12 118.75 Td (tied ) Tj ET Q q 0 0 0 rg BT 102.93 118.75 Td (to ) Tj ET Q q 0 0 0 rg BT 113.53 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.57 118.75 Td (repayment ) Tj ET Q q 0 0 0 rg BT 173.60 118.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 198.63 118.75 Td (of ) Tj ET Q q 0 0 0 rg BT 209.79 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 224.82 118.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 270.97 118.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 303.21 118.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 351.01 118.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 388.82 118.75 Td (supporting ) Tj ET Q q 0 0 0 rg BT 434.42 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.46 118.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 483.38 118.75 Td (facility) Tj ET Q q 0 0 0 rg BT 511.05 118.75 Td (, ) Tj ET Q q 0 0 0 rg BT 516.37 118.75 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 118.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.75 Td (maturity ) Tj ET Q q 0 0 0 rg BT 85.81 106.75 Td (date, ) Tj ET Q q 0 0 0 rg BT 107.39 106.75 Td (with ) Tj ET Q q 0 0 0 rg BT 127.60 106.75 Td (a ) Tj ET Q q 0 0 0 rg BT 134.46 106.75 Td (floating ) Tj ET Q q 0 0 0 rg BT 167.99 106.75 Td (index ) Tj ET Q q 0 0 0 rg BT 192.63 106.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 210.05 106.75 Td (based ) Tj ET Q q 0 0 0 rg BT 235.24 106.75 Td (on ) Tj ET Q q 0 0 0 rg BT 247.67 106.75 Td (USD-LIBOR-BBA, ) Tj ET Q q 0 0 0 rg BT 329.82 106.75 Td (but ) Tj ET Q q 0 0 0 rg BT 345.03 106.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.78 106.75 Td (to ) Tj ET Q q 0 0 0 rg BT 385.98 106.75 Td (a ) Tj ET Q q 0 0 0 rg BT 392.85 106.75 Td (capped ) Tj ET Q q 0 0 0 rg BT 423.59 106.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 446.57 106.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 463.98 106.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.73 106.75 Td (2.25% ) Tj ET Q q 0 0 0 rg BT 502.99 106.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.86 106.75 Td (2.75%. ) Tj ET Q q 0 0 0 rg BT 550.61 106.75 Td ( ) Tj ET Q q 0 0 0 rg BT 552.50 106.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 94.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 94.75 Td (, ) Tj ET Q q 0 0 0 rg BT 133.08 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.80 94.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.18 94.75 Td (value ) Tj ET Q q 0 0 0 rg BT 188.33 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.16 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.88 94.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.81 94.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 263.30 94.75 Td (caps ) Tj ET Q q 0 0 0 rg BT 283.57 94.75 Td (was ) Tj ET Q q 0 0 0 rg BT 301.62 94.75 Td (an ) Tj ET Q q 0 0 0 rg BT 313.56 94.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 335.50 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 346.33 94.75 Td ($3,200 ) Tj ET Q q 0 0 0 rg BT 376.33 94.75 Td (\(December ) Tj ET Q q 0 0 0 rg BT 423.24 94.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 438.24 94.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 460.74 94.75 Td (- ) Tj ET Q q 0 0 0 rg BT 466.57 94.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 488.51 94.75 Td ($441,000\).) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (35) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 703.75 Td (15. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 703.75 Td (T) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 54.87 703.75 Td (AXES) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 678.4169921875 m 188.083984375 678.4169921875 l s q 0 0 0 rg BT 49.50 679.75 Td (Description and accounting policy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 667.75 Td (axes ) Tj ET Q q 0 0 0 rg BT 74.62 667.75 Td (are ) Tj ET Q q 0 0 0 rg BT 88.77 667.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 131.25 667.75 Td (for ) Tj ET Q q 0 0 0 rg BT 144.85 667.75 Td (using ) Tj ET Q q 0 0 0 rg BT 168.46 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.63 667.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 204.01 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.39 667.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 253.44 667.75 Td (method. ) Tj ET Q q 0 0 0 rg BT 287.88 667.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 314.81 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 328.97 667.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 350.35 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 366.74 667.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 399.79 667.75 Td (method, ) Tj ET Q q 0 0 0 rg BT 434.23 667.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 469.48 667.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.64 667.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.91 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 667.75 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.75 Td (are ) Tj ET Q q 0 0 0 rg BT 63.86 655.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 109.88 655.75 Td (for ) Tj ET Q q 0 0 0 rg BT 123.69 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 138.07 655.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 173.53 655.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 187.90 655.75 Td (consequences ) Tj ET Q q 0 0 0 rg BT 245.03 655.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 292.72 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 302.65 655.75 Td (dif) Tj ET Q q 0 0 0 rg BT 313.58 655.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 349.04 655.75 Td (between ) Tj ET Q q 0 0 0 rg BT 384.51 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.88 655.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 451.58 655.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.71 655.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 529.19 655.75 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.89 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.72 643.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 130.88 643.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 156.71 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 173.65 643.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 213.37 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 230.31 643.75 Td (their ) Tj ET Q q 0 0 0 rg BT 251.13 643.75 Td (respective ) Tj ET Q q 0 0 0 rg BT 294.16 643.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.88 643.75 Td (basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.75 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.80 619.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.79 619.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.89 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 146.10 619.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 186.08 619.75 Td (are ) Tj ET Q q 0 0 0 rg BT 201.06 619.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 242.15 619.75 Td (using ) Tj ET Q q 0 0 0 rg BT 266.59 619.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 299.89 619.75 Td (or ) Tj ET Q q 0 0 0 rg BT 310.99 619.75 Td (substantively ) Tj ET Q q 0 0 0 rg BT 366.54 619.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 399.84 619.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.83 619.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 436.48 619.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 480.34 619.75 Td (to ) Tj ET Q q 0 0 0 rg BT 490.89 619.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 522.53 619.75 Td (income ) Tj ET Q q 0 0 0 rg BT 554.73 619.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.15 607.75 Td (years ) Tj ET Q q 0 0 0 rg BT 89.67 607.75 Td (in ) Tj ET Q q 0 0 0 rg BT 100.88 607.75 Td (which ) Tj ET Q q 0 0 0 rg BT 128.75 607.75 Td (those ) Tj ET Q q 0 0 0 rg BT 153.29 607.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 197.81 607.75 Td (dif) Tj ET Q q 0 0 0 rg BT 208.74 607.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 245.47 607.75 Td (are ) Tj ET Q q 0 0 0 rg BT 261.11 607.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 300.07 607.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.28 607.75 Td (be ) Tj ET Q q 0 0 0 rg BT 324.15 607.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 366.99 607.75 Td (or ) Tj ET Q q 0 0 0 rg BT 378.75 607.75 Td (settled. ) Tj ET Q q 0 0 0 rg BT 410.53 607.75 Td (The ) Tj ET Q q 0 0 0 rg BT 429.51 607.75 Td (ef) Tj ET Q q 0 0 0 rg BT 437.10 607.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 455.51 607.75 Td (on ) Tj ET Q q 0 0 0 rg BT 468.94 607.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 505.67 607.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.32 607.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.08 607.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.22 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 100.05 595.75 Td (a ) Tj ET Q q 0 0 0 rg BT 106.99 595.75 Td (change ) Tj ET Q q 0 0 0 rg BT 137.80 595.75 Td (in ) Tj ET Q q 0 0 0 rg BT 148.08 595.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 162.80 595.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 184.17 595.75 Td (is ) Tj ET Q q 0 0 0 rg BT 193.34 595.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 239.71 595.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.98 595.75 Td (income ) Tj ET Q q 0 0 0 rg BT 281.92 595.75 Td (in ) Tj ET Q q 0 0 0 rg BT 292.20 595.75 Td (the ) Tj ET Q q 0 0 0 rg BT 306.91 595.75 Td (period ) Tj ET Q q 0 0 0 rg BT 334.96 595.75 Td (that ) Tj ET Q q 0 0 0 rg BT 352.45 595.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 388.28 595.75 Td (the ) Tj ET Q q 0 0 0 rg BT 403.00 595.75 Td (enactment ) Tj ET Q q 0 0 0 rg BT 446.58 595.75 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 583.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 571.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 571.75 Td (axable ) Tj ET Q q 0 0 0 rg BT 83.66 571.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 127.40 571.75 Td (dif) Tj ET Q q 0 0 0 rg BT 138.33 571.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 174.29 571.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 204.16 571.75 Td (on ) Tj ET Q q 0 0 0 rg BT 216.81 571.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.68 571.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 257.66 571.75 Td (recognition ) Tj ET Q q 0 0 0 rg BT 305.86 571.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.84 571.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 355.05 571.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 571.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 415.89 571.75 Td (dif) Tj ET Q q 0 0 0 rg BT 426.82 571.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 462.78 571.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 492.65 571.75 Td (from ) Tj ET Q q 0 0 0 rg BT 514.74 571.75 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 559.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 559.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 109.50 559.75 Td (that ) Tj ET Q q 0 0 0 rg BT 126.99 559.75 Td (are ) Tj ET Q q 0 0 0 rg BT 141.70 559.75 Td (not ) Tj ET Q q 0 0 0 rg BT 156.98 559.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 195.01 559.75 Td (to ) Tj ET Q q 0 0 0 rg BT 205.29 559.75 Td (reverse ) Tj ET Q q 0 0 0 rg BT 236.65 559.75 Td (in ) Tj ET Q q 0 0 0 rg BT 246.93 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 261.65 559.75 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 309.67 559.75 Td (future ) Tj ET Q q 0 0 0 rg BT 336.05 559.75 Td (are ) Tj ET Q q 0 0 0 rg BT 350.75 559.75 Td (not ) Tj ET Q q 0 0 0 rg BT 366.03 559.75 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 414.90 559.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.75 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 101.45 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.86 535.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 149.24 535.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.53 535.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 190.93 535.75 Td (for ) Tj ET Q q 0 0 0 rg BT 205.66 535.75 Td (unused ) Tj ET Q q 0 0 0 rg BT 237.06 535.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 252.35 535.75 Td (losses, ) Tj ET Q q 0 0 0 rg BT 281.82 535.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 297.11 535.75 Td (credits ) Tj ET Q q 0 0 0 rg BT 326.84 535.75 Td (and ) Tj ET Q q 0 0 0 rg BT 344.35 535.75 Td (deductible ) Tj ET Q q 0 0 0 rg BT 389.07 535.75 Td (temporary ) Tj ET Q q 0 0 0 rg BT 433.24 535.75 Td (dif) Tj ET Q q 0 0 0 rg BT 444.16 535.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 480.54 535.75 Td (is ) Tj ET Q q 0 0 0 rg BT 490.29 535.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 530.56 535.75 Td (to ) Tj ET Q q 0 0 0 rg BT 541.41 535.75 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.75 Td (instances ) Tj ET Q q 0 0 0 rg BT 89.55 523.75 Td (where ) Tj ET Q q 0 0 0 rg BT 117.38 523.75 Td (it ) Tj ET Q q 0 0 0 rg BT 126.33 523.75 Td (is ) Tj ET Q q 0 0 0 rg BT 136.39 523.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 174.78 523.75 Td (that ) Tj ET Q q 0 0 0 rg BT 193.17 523.75 Td (future ) Tj ET Q q 0 0 0 rg BT 220.44 523.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 252.71 523.75 Td (profit ) Tj ET Q q 0 0 0 rg BT 278.32 523.75 Td (will ) Tj ET Q q 0 0 0 rg BT 297.27 523.75 Td (be ) Tj ET Q q 0 0 0 rg BT 310.11 523.75 Td (available ) Tj ET Q q 0 0 0 rg BT 349.59 523.75 Td (against ) Tj ET Q q 0 0 0 rg BT 381.31 523.75 Td (which ) Tj ET Q q 0 0 0 rg BT 409.15 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 424.76 523.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 461.46 523.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 477.08 523.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 499.91 523.75 Td (can ) Tj ET Q q 0 0 0 rg BT 517.18 523.75 Td (be ) Tj ET Q q 0 0 0 rg BT 530.02 523.75 Td (utilized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.75 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.61 511.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.41 511.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.32 511.75 Td (are ) Tj ET Q q 0 0 0 rg BT 143.10 511.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 182.33 511.75 Td (at ) Tj ET Q q 0 0 0 rg BT 192.13 511.75 Td (each ) Tj ET Q q 0 0 0 rg BT 213.02 511.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 252.26 511.75 Td (date ) Tj ET Q q 0 0 0 rg BT 271.49 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 288.51 511.75 Td (are ) Tj ET Q q 0 0 0 rg BT 303.30 511.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 337.53 511.75 Td (to ) Tj ET Q q 0 0 0 rg BT 347.89 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.68 511.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 389.70 511.75 Td (that ) Tj ET Q q 0 0 0 rg BT 407.27 511.75 Td (it ) Tj ET Q q 0 0 0 rg BT 415.41 511.75 Td (is ) Tj ET Q q 0 0 0 rg BT 424.66 511.75 Td (no ) Tj ET Q q 0 0 0 rg BT 437.24 511.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 465.37 511.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 502.94 511.75 Td (that ) Tj ET Q q 0 0 0 rg BT 520.51 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 535.31 511.75 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.22 499.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 94.48 499.75 Td (will ) Tj ET Q q 0 0 0 rg BT 112.54 499.75 Td (be ) Tj ET Q q 0 0 0 rg BT 124.48 499.75 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 475.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 66.85 475.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 101.56 475.75 Td (reflects ) Tj ET Q q 0 0 0 rg BT 133.48 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.20 475.75 Td (mix ) Tj ET Q q 0 0 0 rg BT 166.25 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.08 475.75 Td (taxing ) Tj ET Q q 0 0 0 rg BT 204.58 475.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 256.52 475.75 Td (in ) Tj ET Q q 0 0 0 rg BT 266.80 475.75 Td (which ) Tj ET Q q 0 0 0 rg BT 293.74 475.75 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 324.55 475.75 Td (income ) Tj ET Q q 0 0 0 rg BT 356.49 475.75 Td (and ) Tj ET Q q 0 0 0 rg BT 373.43 475.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 399.82 475.75 Td (were ) Tj ET Q q 0 0 0 rg BT 421.75 475.75 Td (recognized. ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 450.4169921875 m 193.6552734375 450.4169921875 l s q 0 0 0 rg BT 49.50 451.75 Td (Significant estimates and judgments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.26 439.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.36 439.75 Td (is ) Tj ET Q q 0 0 0 rg BT 117.24 439.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.78 439.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.77 439.75 Td (income ) Tj ET Q q 0 0 0 rg BT 189.42 439.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.85 439.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 224.39 439.75 Td (in ) Tj ET Q q 0 0 0 rg BT 234.39 439.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.82 439.75 Td (various ) Tj ET Q q 0 0 0 rg BT 280.47 439.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 332.13 439.75 Td (that ) Tj ET Q q 0 0 0 rg BT 349.33 439.75 Td (it ) Tj ET Q q 0 0 0 rg BT 357.10 439.75 Td (operates ) Tj ET Q q 0 0 0 rg BT 392.63 439.75 Td (in ) Tj ET Q q 0 0 0 rg BT 402.62 439.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.28 439.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.71 439.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 470.35 439.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.78 439.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 505.33 439.75 Td (are ) Tj ET Q q 0 0 0 rg BT 519.75 439.75 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 79.51 427.75 Td (to ) Tj ET Q q 0 0 0 rg BT 88.97 427.75 Td (dif) Tj ET Q q 0 0 0 rg BT 99.89 427.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 124.89 427.75 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 184.33 427.75 Td (by ) Tj ET Q q 0 0 0 rg BT 196.01 427.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.91 427.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.48 427.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.60 427.75 Td (the ) Tj ET Q q 0 0 0 rg BT 280.49 427.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 314.38 427.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.28 427.75 Td (authority) Tj ET Q q 0 0 0 rg BT 363.73 427.75 Td (. ) Tj ET Q q 0 0 0 rg BT 367.91 427.75 Td (Management's ) Tj ET Q q 0 0 0 rg BT 427.49 427.75 Td (judgment ) Tj ET Q q 0 0 0 rg BT 466.94 427.75 Td (is ) Tj ET Q q 0 0 0 rg BT 475.29 427.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 506.41 427.75 Td (in ) Tj ET Q q 0 0 0 rg BT 515.87 427.75 Td (interpreting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 415.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 98.92 415.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.64 415.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 134.47 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.40 415.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 195.56 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.28 415.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 248.31 415.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 276.93 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.87 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.58 415.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.08 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.91 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.62 415.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 406.90 415.75 Td (for ) Tj ET Q q 0 0 0 rg BT 421.06 415.75 Td (current ) Tj ET Q q 0 0 0 rg BT 451.88 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 468.82 415.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 504.62 415.75 Td (income ) Tj ET Q q 0 0 0 rg BT 536.56 415.75 Td (taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.75 Td (Determining ) Tj ET Q q 0 0 0 rg BT 102.87 403.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.91 403.75 Td (value ) Tj ET Q q 0 0 0 rg BT 142.40 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 403.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 189.69 403.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.73 403.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.89 403.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 277.58 403.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 312.61 403.75 Td (an ) Tj ET Q q 0 0 0 rg BT 324.88 403.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 361.02 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.18 403.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.22 403.75 Td (value ) Tj ET Q q 0 0 0 rg BT 411.71 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.86 403.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.91 403.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 472.39 403.75 Td (that ) Tj ET Q q 0 0 0 rg BT 490.21 403.75 Td (will ) Tj ET Q q 0 0 0 rg BT 508.60 403.75 Td (eventually ) Tj ET Q q 0 0 0 rg BT 553.07 403.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 83.68 391.75 Td (by ) Tj ET Q q 0 0 0 rg BT 96.22 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.97 391.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.40 391.75 Td (which ) Tj ET Q q 0 0 0 rg BT 179.37 391.75 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 210.79 391.75 Td (several ) Tj ET Q q 0 0 0 rg BT 241.65 391.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 293.63 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.61 391.75 Td (estimation ) Tj ET Q q 0 0 0 rg BT 354.81 391.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 408.43 391.75 Td (that ) Tj ET Q q 0 0 0 rg BT 425.97 391.75 Td (have ) Tj ET Q q 0 0 0 rg BT 447.38 391.75 Td (a ) Tj ET Q q 0 0 0 rg BT 454.36 391.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 499.11 391.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 516.65 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 391.75 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 379.75 Td (a ) Tj ET Q q 0 0 0 rg BT 66.72 379.75 Td (material ) Tj ET Q q 0 0 0 rg BT 101.98 379.75 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 148.36 379.75 Td (within ) Tj ET Q q 0 0 0 rg BT 176.41 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 191.13 379.75 Td (next ) Tj ET Q q 0 0 0 rg BT 210.85 379.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.33 379.75 Td (year) Tj ET Q q 0 0 0 rg BT 264.98 379.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.75 Td (On ) Tj ET Q q 0 0 0 rg BT 64.42 355.75 Td (December ) Tj ET Q q 0 0 0 rg BT 108.20 355.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 123.40 355.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 148.59 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.51 355.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 183.99 355.75 Td (government ) Tj ET Q q 0 0 0 rg BT 234.45 355.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 267.68 355.75 Td (new ) Tj ET Q q 0 0 0 rg BT 287.03 355.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.95 355.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 346.30 355.75 Td (ef) Tj ET Q q 0 0 0 rg BT 353.89 355.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 383.79 355.75 Td (January ) Tj ET Q q 0 0 0 rg BT 417.59 355.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 427.78 355.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 452.78 355.75 Td (The ) Tj ET Q q 0 0 0 rg BT 471.03 355.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 515.38 355.75 Td (made ) Tj ET Q q 0 0 0 rg BT 539.74 355.75 Td (broad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 343.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 103.79 343.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 138.71 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 149.20 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.12 343.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 184.62 343.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 199.54 343.75 Td (code. ) Tj ET Q q 0 0 0 rg BT 223.44 343.75 Td (The ) Tj ET Q q 0 0 0 rg BT 241.69 343.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.62 343.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 297.11 343.75 Td (may ) Tj ET Q q 0 0 0 rg BT 317.03 343.75 Td (change ) Tj ET Q q 0 0 0 rg BT 348.06 343.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.55 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.47 343.75 Td (future ) Tj ET Q q 0 0 0 rg BT 400.06 343.75 Td (following ) Tj ET Q q 0 0 0 rg BT 441.66 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 448.81 343.75 Td (more ) Tj ET Q q 0 0 0 rg BT 472.06 343.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 535.31 343.75 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 61.06 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 76.52 331.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 123.91 331.75 Td (including ) Tj ET Q q 0 0 0 rg BT 164.92 331.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 230.92 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 242.48 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.94 331.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 302.26 331.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 324.94 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.61 331.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 390.28 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 407.95 331.75 Td (supporting ) Tj ET Q q 0 0 0 rg BT 453.97 331.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 493.29 331.75 Td (from ) Tj ET Q q 0 0 0 rg BT 515.97 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 531.42 331.75 Td (Internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.75 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 86.99 319.75 Td (Service ) Tj ET Q q 0 0 0 rg BT 119.47 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.41 319.75 Td (other ) Tj ET Q q 0 0 0 rg BT 159.46 319.75 Td (bodies, ) Tj ET Q q 0 0 0 rg BT 190.56 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.50 319.75 Td (as ) Tj ET Q q 0 0 0 rg BT 218.33 319.75 Td (a ) Tj ET Q q 0 0 0 rg BT 225.27 319.75 Td (result ) Tj ET Q q 0 0 0 rg BT 249.99 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 260.82 319.75 Td (any ) Tj ET Q q 0 0 0 rg BT 277.76 319.75 Td (future ) Tj ET Q q 0 0 0 rg BT 304.13 319.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 338.84 319.75 Td (or ) Tj ET Q q 0 0 0 rg BT 349.67 319.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 402.71 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 412.99 319.75 Td (this ) Tj ET Q q 0 0 0 rg BT 429.94 319.75 Td (legislation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.71 295.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 101.88 295.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.52 295.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 162.61 295.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 196.56 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 207.76 295.75 Td (2004 ) Tj ET Q q 0 0 0 rg BT 231.18 295.75 Td (addresses ) Tj ET Q q 0 0 0 rg BT 272.93 295.75 Td (perceived ) Tj ET Q q 0 0 0 rg BT 315.21 295.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 336.42 295.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.06 295.75 Td (concerns ) Tj ET Q q 0 0 0 rg BT 391.02 295.75 Td (over ) Tj ET Q q 0 0 0 rg BT 412.21 295.75 Td (田orporate ) Tj ET Q q 0 0 0 rg BT 457.83 295.75 Td (inversion ) Tj ET Q q 0 0 0 rg BT 502.90 295.75 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 555.83 295.75 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 295.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.75 Td (田orporate ) Tj ET Q q 0 0 0 rg BT 94.20 283.75 Td (inversion ) Tj ET Q q 0 0 0 rg BT 138.36 283.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 178.07 283.75 Td (occurs ) Tj ET Q q 0 0 0 rg BT 206.67 283.75 Td (when ) Tj ET Q q 0 0 0 rg BT 230.84 283.75 Td (a ) Tj ET Q q 0 0 0 rg BT 237.79 283.75 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 276.40 283.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 301.68 283.75 Td (acquires ) Tj ET Q q 0 0 0 rg BT 337.51 283.75 Td (都ubstantially ) Tj ET Q q 0 0 0 rg BT 395.00 283.75 Td (all ) Tj ET Q q 0 0 0 rg BT 411.94 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.78 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.50 283.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 465.00 283.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 500.84 283.75 Td (in, ) Tj ET Q q 0 0 0 rg BT 513.62 283.75 Td (or ) Tj ET Q q 0 0 0 rg BT 524.46 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 283.75 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 62.90 271.75 Td (a ) Tj ET Q q 0 0 0 rg BT 69.92 271.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 90.28 271.75 Td (corporation ) Tj ET Q q 0 0 0 rg BT 138.94 271.75 Td (or ) Tj ET Q q 0 0 0 rg BT 149.85 271.75 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 199.91 271.75 Td (if, ) Tj ET Q q 0 0 0 rg BT 211.09 271.75 Td (after ) Tj ET Q q 0 0 0 rg BT 231.98 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 246.77 271.75 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 295.73 271.75 Td (former ) Tj ET Q q 0 0 0 rg BT 325.51 271.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 353.08 271.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 385.10 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 396.00 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 410.79 271.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 431.15 271.75 Td (corporation ) Tj ET Q q 0 0 0 rg BT 479.82 271.75 Td (or ) Tj ET Q q 0 0 0 rg BT 490.72 271.75 Td (partnership ) Tj ET Q q 0 0 0 rg BT 538.28 271.75 Td (own ) Tj ET Q q 0 0 0 rg BT 558.08 271.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 87.80 259.75 Td (level ) Tj ET Q q 0 0 0 rg BT 109.44 259.75 Td (\(referred ) Tj ET Q q 0 0 0 rg BT 146.61 259.75 Td (to ) Tj ET Q q 0 0 0 rg BT 156.59 259.75 Td (as ) Tj ET Q q 0 0 0 rg BT 167.12 259.75 Td (the ) Tj ET Q q 0 0 0 rg BT 181.55 259.75 Td (菟ercentage ) Tj ET Q q 0 0 0 rg BT 231.49 259.75 Td (identity能) ) Tj ET Q q 0 0 0 rg BT 272.01 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 282.55 259.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 309.75 259.75 Td (in ) Tj ET Q q 0 0 0 rg BT 319.73 259.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.15 259.75 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 372.47 259.75 Td (entity) Tj ET Q q 0 0 0 rg BT 394.60 259.75 Td (, ) Tj ET Q q 0 0 0 rg BT 399.30 259.75 Td (excluding ) Tj ET Q q 0 0 0 rg BT 440.94 259.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 468.14 259.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 503.67 259.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 540.30 259.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 259.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 89.76 247.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 115.04 247.75 Td (in ) Tj ET Q q 0 0 0 rg BT 125.32 247.75 Td (public ) Tj ET Q q 0 0 0 rg BT 152.81 247.75 Td (of) Tj ET Q q 0 0 0 rg BT 160.96 247.75 Td (ferings ) Tj ET Q q 0 0 0 rg BT 191.23 247.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 234.82 247.75 Td (with ) Tj ET Q q 0 0 0 rg BT 255.10 247.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.82 247.75 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 318.15 247.75 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 353.97 247.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 374.25 247.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 388.97 247.75 Td (consequences ) Tj ET Q q 0 0 0 rg BT 446.44 247.75 Td (are ) Tj ET Q q 0 0 0 rg BT 461.15 247.75 Td (only ) Tj ET Q q 0 0 0 rg BT 481.43 247.75 Td (triggered ) Tj ET Q q 0 0 0 rg BT 520.02 247.75 Td (if: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 235.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 97.44 235.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 131.04 235.75 Td (sells ) Tj ET Q q 0 0 0 rg BT 151.32 235.75 Td (or ) Tj ET Q q 0 0 0 rg BT 162.15 235.75 Td (licenses ) Tj ET Q q 0 0 0 rg BT 196.30 235.75 Td (any ) Tj ET Q q 0 0 0 rg BT 213.24 235.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.07 235.75 Td (its ) Tj ET Q q 0 0 0 rg BT 236.02 235.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.85 235.75 Td (as ) Tj ET Q q 0 0 0 rg BT 272.68 235.75 Td (part ) Tj ET Q q 0 0 0 rg BT 290.72 235.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.55 235.75 Td (its ) Tj ET Q q 0 0 0 rg BT 313.50 235.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 359.88 235.75 Td (by ) Tj ET Q q 0 0 0 rg BT 372.38 235.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.10 235.75 Td (Company) Tj ET Q q 0 0 0 rg BT 425.34 235.75 Td (, ) Tj ET Q q 0 0 0 rg BT 430.34 235.75 Td (or ) Tj ET Q q 0 0 0 rg BT 441.17 235.75 Td (licenses ) Tj ET Q q 0 0 0 rg BT 475.32 235.75 Td (any ) Tj ET Q q 0 0 0 rg BT 492.26 235.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.09 235.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.37 235.75 Td (a ) Tj ET Q q 0 0 0 rg BT 535.31 235.75 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 223.75 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 124.11 223.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 149.39 223.75 Td (during ) Tj ET Q q 0 0 0 rg BT 178.00 223.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.71 223.75 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 239.65 223.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 252.15 223.75 Td (years; ) Tj ET Q q 0 0 0 rg BT 278.53 223.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 211.75 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 100.29 211.75 Td (If ) Tj ET Q q 0 0 0 rg BT 109.53 211.75 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 143.20 211.75 Td (does ) Tj ET Q q 0 0 0 rg BT 164.11 211.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 180.57 211.75 Td (or ) Tj ET Q q 0 0 0 rg BT 191.48 211.75 Td (license ) Tj ET Q q 0 0 0 rg BT 221.82 211.75 Td (any ) Tj ET Q q 0 0 0 rg BT 238.83 211.75 Td (such ) Tj ET Q q 0 0 0 rg BT 259.74 211.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 288.14 211.75 Td (it ) Tj ET Q q 0 0 0 rg BT 296.27 211.75 Td (does ) Tj ET Q q 0 0 0 rg BT 317.18 211.75 Td (not ) Tj ET Q q 0 0 0 rg BT 332.53 211.75 Td (of) Tj ET Q q 0 0 0 rg BT 340.68 211.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 357.70 211.75 Td (its ) Tj ET Q q 0 0 0 rg BT 369.72 211.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 390.08 211.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 404.87 211.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 434.67 211.75 Td (from ) Tj ET Q q 0 0 0 rg BT 456.68 211.75 Td (such ) Tj ET Q q 0 0 0 rg BT 477.58 211.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 499.60 211.75 Td (or ) Tj ET Q q 0 0 0 rg BT 510.50 211.75 Td (licenses ) Tj ET Q q 0 0 0 rg BT 544.74 211.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 199.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 103.56 199.75 Td (carry-forwards, ) Tj ET Q q 0 0 0 rg BT 167.97 199.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 199.35 199.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 214.06 199.75 Td (credits ) Tj ET Q q 0 0 0 rg BT 243.22 199.75 Td (or ) Tj ET Q q 0 0 0 rg BT 254.05 199.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 283.75 199.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.47 199.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 334.86 199.75 Td (with ) Tj ET Q q 0 0 0 rg BT 355.13 199.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 385.41 199.75 Td (attributes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.20 175.75 Td (has ) Tj ET Q q 0 0 0 rg BT 120.03 175.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 163.63 175.75 Td (that ) Tj ET Q q 0 0 0 rg BT 181.12 175.75 Td (neither ) Tj ET Q q 0 0 0 rg BT 211.38 175.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.21 175.75 Td (these ) Tj ET Q q 0 0 0 rg BT 245.26 175.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 289.43 175.75 Td (will ) Tj ET Q q 0 0 0 rg BT 307.48 175.75 Td (be ) Tj ET Q q 0 0 0 rg BT 319.42 175.75 Td (triggered. ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I31 Do Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (\(a\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 60.60 680.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.10 680.25 Td (T) Tj ET Q q 0 0 0 rg BT 68.51 680.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 80.45 680.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 115.15 680.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 149.32 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.15 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.87 680.25 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 617.75 m 471 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 617.75 m 561 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 574.75 m 471 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 574.75 m 471 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 559.75 m 471 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 574.75 m 561 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 559.75 m 561 559.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.70 647.42 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.35 632.43 Td (December) Tj ET Q q 0 0 0 rg BT 452.48 632.43 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.50 622.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 632.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 622.42 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 453.10 609.00 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 594.42 Td (Current tax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 594.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 594.43 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 594.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 594.42 Td (7,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 579.42 Td (Deferred tax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 579.43 Td (3,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 579.42 Td (2,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 564.42 Td (T) Tj ET Q q 0 0 0 rg BT 104.91 564.42 Td (ax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.50 564.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 564.43 Td (5,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 564.42 Td (9,373) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.16 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 63.58 524.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.73 524.25 Td (table ) Tj ET Q q 0 0 0 rg BT 103.76 524.25 Td (below ) Tj ET Q q 0 0 0 rg BT 130.81 524.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 158.42 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.24 524.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 230.82 524.25 Td (between ) Tj ET Q q 0 0 0 rg BT 266.74 524.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 281.56 524.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 316.37 524.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 352.29 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.67 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.49 524.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 430.64 524.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.45 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.39 524.25 Td (income ) Tj ET Q q 0 0 0 rg BT 518.42 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.47 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 550.29 524.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.03 512.25 Td (that ) Tj ET Q q 0 0 0 rg BT 101.35 512.25 Td (would ) Tj ET Q q 0 0 0 rg BT 128.67 512.25 Td (have ) Tj ET Q q 0 0 0 rg BT 149.88 512.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 183.86 512.25 Td (from ) Tj ET Q q 0 0 0 rg BT 205.62 512.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 242.94 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.48 512.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 299.24 512.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 339.32 512.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 371.63 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.40 512.25 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 421.27 512.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.81 512.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.12 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.77 512.25 Td (26.5% ) Tj ET Q q 0 0 0 rg BT 491.93 512.25 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 517.58 512.25 Td (- ) Tj ET Q q 0 0 0 rg BT 523.24 512.25 Td (26.5%\) ) Tj ET Q q 0 0 0 rg BT 554.72 512.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 500.25 Td (before ) Tj ET Q q 0 0 0 rg BT 109.47 500.25 Td (income ) Tj ET Q q 0 0 0 rg BT 141.40 500.25 Td (taxes.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 449.75 m 474 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 449.75 m 561 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 406.75 m 474 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 406.75 m 561 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 278.75 m 474 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 278.75 m 561 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 278.75 m 474 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 263.75 m 474 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 278.75 m 561 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 263.75 m 561 263.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.20 479.42 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.35 464.43 Td (December) Tj ET Q q 0 0 0 rg BT 455.48 464.43 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.50 454.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 464.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 454.42 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.60 441.00 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 426.42 Td (Income before taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 426.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.00 426.43 Td (17,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 426.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 426.42 Td (32,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 411.42 Td (Canadian tax rate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 411.43 Td (26.5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.50 411.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 411.42 Td (26.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 411.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 396.42 Td (Theoretical tax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.00 396.43 Td (4,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 396.42 Td (8,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 373.42 Td (T) Tj ET Q q 0 0 0 rg BT 124.26 373.42 Td (ax cost of non-deductible items) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 373.43 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 373.42 Td (31) Tj ET Q q 0 0 0 rg BT 547.15 373.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 358.87 Td (Unrecognized tax losses, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 358.98 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 358.87 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 343.42 Td (W) Tj ET Q q 0 0 0 rg BT 127.74 343.42 Td (ithholding tax on inter) Tj ET Q q 0 0 0 rg BT 216.59 343.42 Td (-company dividends) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 343.43 Td (529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 343.42 Td (795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 328.42 Td (Lower \(higher\) ef) Tj ET Q q 0 0 0 rg BT 189.48 328.42 Td (fective tax rates in foreign jurisdictions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 328.43 Td (\(168) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.50 328.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 328.42 Td (666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 313.87 Td (Change in substantively enacted tax rates of future periods) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.50 313.98 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 313.92 Td (\(1,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 313.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 298.42 Td (T) Tj ET Q q 0 0 0 rg BT 124.43 298.42 Td (rue-up of prior year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.15 298.43 Td (\(357) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.50 298.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 298.47 Td (\(87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 283.42 Td (Other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.50 283.43 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 283.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 268.42 Td (T) Tj ET Q q 0 0 0 rg BT 123.91 268.42 Td (ax expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 268.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.00 268.43 Td (5,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 268.42 Td (9,373) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I32 Do Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.10 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.42 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 83.46 704.10 Td (net ) Tj ET Q q 0 0 0 rg BT 98.18 704.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 133.99 704.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.70 704.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 185.63 704.10 Td (within ) Tj ET Q q 0 0 0 rg BT 213.68 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.40 704.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 281.44 704.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 326.16 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.99 704.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.47 704.10 Td (position ) Tj ET Q q 0 0 0 rg BT 409.19 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 431.12 704.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 475.28 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.11 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.82 704.10 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 668.6 m 474 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 668.6 m 561 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 625.6 m 474 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 625.6 m 561 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 625.6 m 474 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 610.6 m 474 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 625.6 m 561 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 610.6 m 561 610.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.35 683.28 Td (December) Tj ET Q q 0 0 0 rg BT 455.48 683.28 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.50 673.28 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 683.27 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 673.27 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.60 659.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 645.27 Td (Deferred tax assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 177.57 645.27 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 383.15 645.31 Td (\(d\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 645.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.15 645.28 Td (283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 645.27 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 630.27 Td (Deferred tax liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 383.45 630.31 Td (\(e\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.30 630.33 Td (\(23,370) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 630.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 630.32 Td (\(20,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 630.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 615.27 Td (Net deferred tax liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 615.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.30 615.33 Td (\(23,087) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 615.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 615.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 615.32 Td (\(20,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 615.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 110.32 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.15 575.10 Td (net ) Tj ET Q q 0 0 0 rg BT 135.86 575.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 171.67 575.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 186.38 575.10 Td (liabilities:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 535.6 m 474 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 520.6 m 474 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 535.6 m 561 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 520.6 m 561 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 492.6 m 474 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 492.6 m 561 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 447.6 m 474 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 447.6 m 561 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 432.6 m 474 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 417.6 m 474 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 432.6 m 561 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 417.6 m 561 417.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.70 555.17 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.90 540.33 Td (December) Tj ET Q q 0 0 0 rg BT 488.02 540.33 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.50 526.33 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 525.27 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.60 511.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 497.27 Td (Balance, beginning of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 497.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.30 497.33 Td (\(20,419) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 497.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 497.32 Td (\(20,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 482.27 Td (Deferred tax recovery \(expense\) in the statements of income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 383.15 482.31 Td (\(a\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.30 482.33 Td (\(3,544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 482.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 482.27 Td (\(2,167\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 467.27 Td (Adoption of IFRS 9 & 15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.15 467.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 467.28 Td (3,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 452.27 Td (Foreign exchange translation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.15 452.28 Td (876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 452.27 Td (\(1,258\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 437.27 Td (Net change in net deferred tax liabilities during the year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.30 437.33 Td (\(2,668) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 437.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 437.27 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 422.27 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 422.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.30 422.33 Td (\(23,087) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.15 422.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 422.32 Td (\(20,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 422.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.16 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.26 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.21 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 82.86 346.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.18 346.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.76 346.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 125.74 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.17 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.49 346.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 194.80 346.10 Td (components ) Tj ET Q q 0 0 0 rg BT 245.23 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.66 346.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 298.86 346.10 Td (dif) Tj ET Q q 0 0 0 rg BT 309.78 346.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 345.19 346.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 372.85 346.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 389.39 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.27 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.59 346.10 Td (Company) Tj ET Q q 0 0 0 rg BT 455.25 346.10 Td (s ) Tj ET Q q 0 0 0 rg BT 461.24 346.10 Td (net ) Tj ET Q q 0 0 0 rg BT 475.56 346.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 510.97 346.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.29 346.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 75.04 334.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 298.6 m 474 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 298.6 m 561 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 223.60000000000002 m 561 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 223.60000000000002 m 474 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 208.60000000000002 m 474 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 208.60000000000002 m 561 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 155.60000000000002 m 474 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 155.60000000000002 m 561 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 140.60000000000002 m 474 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 140.60000000000002 m 561 140.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 120.60000000000002 m 474 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 120.60000000000002 m 561 120.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.35 313.28 Td (December) Tj ET Q q 0 0 0 rg BT 455.48 313.28 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.50 303.28 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.40 313.27 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.50 303.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 288.27 Td (Deferred tax assets:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.60 287.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 273.27 Td ( Leased assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 273.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 273.28 Td (75,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 273.27 Td (41,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 258.27 Td ( ) Tj ET Q q 0 0 0 rg BT 108.72 258.27 Td (Allowance for credit losses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 258.28 Td (7,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 258.27 Td (7,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 243.27 Td ( ) Tj ET Q q 0 0 0 rg BT 108.91 243.27 Td (T) Tj ET Q q 0 0 0 rg BT 114.58 243.27 Td (ax losses carried forward) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 243.28 Td (5,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 243.27 Td (3,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 228.27 Td ( Financing costs and accrued liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.15 228.28 Td (205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 228.27 Td (375) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 213.28 Td (87,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 213.27 Td (52,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 190.27 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 175.27 Td ( Finance receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.65 175.28 Td (108,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 175.27 Td (70,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 160.27 Td ( Dif) Tj ET Q q 0 0 0 rg BT 122.24 160.27 Td (ference in goodwill and intangible asset base) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 160.28 Td (2,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 160.27 Td (2,659) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.65 145.28 Td (1) Tj ET Q q 0 0 0 rg BT 442.65 145.28 Td (10,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 145.27 Td (72,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 125.27 Td (Deferred taxes liabilities, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 125.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 125.28 Td (23,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 125.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 125.27 Td (20,419) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.54 97.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.92 97.10 Td (has ) Tj ET Q q 0 0 0 rg BT 124.74 97.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 172.21 97.10 Td (that ) Tj ET Q q 0 0 0 rg BT 189.70 97.10 Td (it ) Tj ET Q q 0 0 0 rg BT 197.75 97.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.91 97.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 244.39 97.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.88 97.10 Td (all ) Tj ET Q q 0 0 0 rg BT 274.37 97.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 320.72 97.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 356.52 97.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.23 97.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.05 97.10 Td (will ) Tj ET Q q 0 0 0 rg BT 415.10 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 427.03 97.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 461.17 97.10 Td (through ) Tj ET Q q 0 0 0 rg BT 494.77 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.70 97.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 554.18 97.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 85.10 Td (reversals ) Tj ET Q q 0 0 0 rg BT 113.91 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.74 85.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 168.34 85.10 Td (dif) Tj ET Q q 0 0 0 rg BT 179.27 85.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 215.07 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.01 85.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 263.38 85.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 297.82 85.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.15 61.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.48 61.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.93 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.26 61.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 187.24 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.14 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.47 61.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 238.03 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.14 61.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 299.46 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.91 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.24 61.10 Td (related ) Tj ET Q q 0 0 0 rg BT 353.56 61.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.90 61.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 397.78 61.10 Td (through ) Tj ET Q q 0 0 0 rg BT 431.01 61.10 Td (future ) Tj ET Q q 0 0 0 rg BT 457.00 61.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 488.00 61.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 516.22 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.01 61.10 Td (probable. ) Tj ET Q q 0 0 0 rg BT 565.00 61.10 Td ( ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I33 Do Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (At ) Tj ET Q q 0 0 0 rg BT 62.67 704.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 121.93 704.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 147.60 704.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 170.21 704.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 206.73 704.10 Td (had ) Tj ET Q q 0 0 0 rg BT 224.34 704.10 Td (US$660,000 ) Tj ET Q q 0 0 0 rg BT 277.79 704.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 304.30 704.10 Td (- ) Tj ET Q q 0 0 0 rg BT 310.80 704.10 Td (US$455,000\) ) Tj ET Q q 0 0 0 rg BT 367.59 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.54 704.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.93 704.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 420.99 704.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 451.92 704.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 486.74 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.35 704.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 536.40 704.10 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 692.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 96.23 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.06 692.10 Td (US$660,000 ) Tj ET Q q 0 0 0 rg BT 159.85 692.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 185.68 692.10 Td (- ) Tj ET Q q 0 0 0 rg BT 191.51 692.10 Td (US$455,000\) ) Tj ET Q q 0 0 0 rg BT 247.62 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.12 692.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.49 692.10 Td (not ) Tj ET Q q 0 0 0 rg BT 301.77 692.10 Td (been ) Tj ET Q q 0 0 0 rg BT 323.15 692.10 Td (recognized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.68 668.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.21 668.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.17 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 140.59 668.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 187.09 668.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 223.03 668.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 237.88 668.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 277.74 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.15 668.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 319.10 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.07 668.10 Td (unremitted ) Tj ET Q q 0 0 0 rg BT 376.03 668.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 412.54 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.96 668.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 454.47 668.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 506.82 668.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 540.01 668.10 Td ($76.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.46 656.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 105.86 656.10 Td (- ) Tj ET Q q 0 0 0 rg BT 111.26 656.10 Td ($56.1 ) Tj ET Q q 0 0 0 rg BT 135.83 656.10 Td (million\), ) Tj ET Q q 0 0 0 rg BT 172.63 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.03 656.10 Td (it ) Tj ET Q q 0 0 0 rg BT 190.65 656.10 Td (is ) Tj ET Q q 0 0 0 rg BT 199.39 656.10 Td (not ) Tj ET Q q 0 0 0 rg BT 214.24 656.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 259.63 656.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 296.68 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.75 656.10 Td (this ) Tj ET Q q 0 0 0 rg BT 330.27 656.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 373.43 656.10 Td (dif) Tj ET Q q 0 0 0 rg BT 384.36 656.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 415.84 656.10 Td (will ) Tj ET Q q 0 0 0 rg BT 433.47 656.10 Td (reverse ) Tj ET Q q 0 0 0 rg BT 464.41 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.26 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.54 656.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 536.14 656.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 565.01 656.10 Td ( ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I34 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 608.10 Td (16. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 608.10 Td (MINIMUM P) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 103.20 608.10 Td (A) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 109.50 608.10 Td (YMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 584.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 584.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.64 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.36 584.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 185.28 584.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 226.10 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.04 584.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 285.53 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.36 584.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 333.84 584.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 373.56 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.50 584.10 Td (other ) Tj ET Q q 0 0 0 rg BT 413.54 584.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 470.48 584.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 514.08 584.10 Td (interest\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 558.6 m 267 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 558.6 m 317 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 558.6 m 367 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 558.6 m 414 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 558.6 m 463 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 558.6 m 508 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 558.6 m 561 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 474.6 m 317 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 474.6 m 367 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 474.6 m 414 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 474.6 m 463 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 474.6 m 508 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 474.6 m 561 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 474.6 m 267 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 474.6 m 317 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 474.6 m 367 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 474.6 m 414 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 474.6 m 463 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 474.6 m 508 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 474.6 m 561 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 444.6 m 267 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 444.6 m 317 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 444.6 m 367 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 444.6 m 414 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 444.6 m 463 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 444.6 m 508 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 444.6 m 561 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 429.6 m 267 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 444.6 m 317 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 429.6 m 317 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 444.6 m 367 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 429.6 m 367 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 444.6 m 414 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 429.6 m 414 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 444.6 m 463 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 429.6 m 463 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 444.6 m 508 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 429.6 m 508 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 444.6 m 561 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 429.6 m 561 429.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.50 562.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 563.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 563.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 563.27 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 563.27 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 563.27 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.35 563.27 Td (2025 +) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 535.60 563.28 Td (T) Tj ET Q q 0 0 0 rg BT 541.35 563.28 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 539.06 Td (Accounts payable and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 539.27 Td (16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 539.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.50 539.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 539.28 Td (16,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 524.27 Td (Premises leases payments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 202.25 524.31 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 524.27 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 524.27 Td (719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 524.27 Td (729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 524.27 Td (740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 524.27 Td (570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 524.27 Td (239) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.65 524.28 Td (3,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 509.27 Td (Borrowings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 200.85 509.31 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 509.27 Td (207,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.60 509.27 Td (166,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 509.27 Td (302,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 509.27 Td (64,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.60 509.27 Td (18,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 509.27 Td (436) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.60 509.28 Td (759,41) Tj ET Q q 0 0 0 rg BT 552.10 509.28 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 494.27 Td (Customer security deposits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 199.50 494.31 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 494.27 Td (3,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 494.27 Td (3,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 494.27 Td (2,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.60 494.27 Td (2,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 494.27 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 494.27 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 494.28 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 479.27 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 479.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 479.27 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 479.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.15 479.28 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 464.27 Td (228,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.60 464.27 Td (171,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 464.27 Td (306,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 464.27 Td (67,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.60 464.27 Td (18,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 464.27 Td (685) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.60 464.28 Td (793,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 449.27 Td (Service contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 449.27 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 449.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 449.27 Td (1) Tj ET Q q 0 0 0 rg BT 353.15 449.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 449.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 449.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 449.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.15 449.28 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.50 434.27 Td (T) Tj ET Q q 0 0 0 rg BT 60.91 434.27 Td (otal commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 434.27 Td (229,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.60 434.27 Td (171,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 434.27 Td (306,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 434.27 Td (67,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.60 434.27 Td (18,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 434.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 434.27 Td (685) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.50 434.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.60 434.28 Td (793,799) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (i. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.47 406.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.79 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.66 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 159.53 406.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 210.18 406.10 Td (are ) Tj ET Q q 0 0 0 rg BT 225.81 406.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 272.01 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.21 406.10 Td (future ) Tj ET Q q 0 0 0 rg BT 310.52 406.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 352.84 406.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 379.03 406.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 420.78 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 446.98 406.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 482.07 406.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 509.38 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.46 406.10 Td (premises, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 109.80 394.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 155.42 394.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.29 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.60 394.10 Td (property ) Tj ET Q q 0 0 0 rg BT 232.34 394.10 Td (tax, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.93 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.57 394.10 Td (expirations ) Tj ET Q q 0 0 0 rg BT 317.87 394.10 Td (up ) Tj ET Q q 0 0 0 rg BT 330.74 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.39 394.10 Td (2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.39 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.75 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.62 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.49 394.10 Td (See ) Tj ET Q q 0 0 0 rg BT 389.80 394.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 412.10 394.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 419.97 394.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.17 394.10 Td (Right-to-Use ) Tj ET Q q 0 0 0 rg BT 480.48 394.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 508.35 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.22 394.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 535.85 394.10 Td (emises ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 97.22 382.10 Td (Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.99 382.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (ii. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 117.63 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.75 370.10 Td (described ) Tj ET Q q 0 0 0 rg BT 173.98 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.67 370.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 207.02 370.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 219.94 370.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.18 370.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 244.70 370.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.04 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.45 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.80 370.10 Td (include ) Tj ET Q q 0 0 0 rg BT 328.15 370.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 351.61 370.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 392.85 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.42 370.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 441.43 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.78 370.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 480.58 370.10 Td (Chip's ) Tj ET Q q 0 0 0 rg BT 508.64 370.10 Td (securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 104.27 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.05 358.10 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 175.20 358.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 215.29 358.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 255.96 358.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.06 358.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 311.73 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.51 358.10 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 367.64 358.10 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 412.74 358.10 Td (facility) Tj ET Q q 0 0 0 rg BT 440.41 358.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.25 358.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.03 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 486.58 358.10 Td (lines-of-credit ) Tj ET Q q 0 0 0 rg BT 545.56 358.10 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 78.71 346.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 102.42 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.51 346.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 154.81 346.10 Td (can ) Tj ET Q q 0 0 0 rg BT 171.56 346.10 Td (fluctuate. ) Tj ET Q q 0 0 0 rg BT 211.92 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.59 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 233.02 346.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 265.89 346.10 Td (above ) Tj ET Q q 0 0 0 rg BT 292.64 346.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 328.85 346.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 352.27 346.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 384.58 346.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 425.78 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 438.66 346.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 472.64 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.95 346.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 511.72 346.10 Td (Chip's ) Tj ET Q q 0 0 0 rg BT 539.74 346.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 104.20 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.91 334.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 161.51 334.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.21 334.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 233.81 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.08 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.57 334.10 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 308.96 334.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 348.99 334.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 374.02 334.10 Td (facility) Tj ET Q q 0 0 0 rg BT 401.69 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.47 334.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 446.52 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.01 334.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 492.71 334.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 512.47 334.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 531.96 334.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.94 322.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 114.82 322.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 154.58 322.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.57 322.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.79 322.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 238.88 322.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.88 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.88 322.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 290.65 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.87 322.10 Td (same ) Tj ET Q q 0 0 0 rg BT 327.42 322.10 Td (until ) Tj ET Q q 0 0 0 rg BT 347.76 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.98 322.10 Td (expiry ) Tj ET Q q 0 0 0 rg BT 389.53 322.10 Td (date ) Tj ET Q q 0 0 0 rg BT 408.18 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.52 322.10 Td (December ) Tj ET Q q 0 0 0 rg BT 461.61 322.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 486.11 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.97 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.52 322.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 537.52 322.10 Td (owing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (under ) Tj ET Q q 0 0 0 rg BT 92.86 310.10 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 147.26 310.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 187.61 310.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 228.53 310.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 253.88 310.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 284.79 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 294.06 310.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 322.76 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.13 310.10 Td (year ) Tj ET Q q 0 0 0 rg BT 352.93 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.86 310.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 397.09 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.18 310.10 Td (all ) Tj ET Q q 0 0 0 rg BT 414.77 310.10 Td (other ) Tj ET Q q 0 0 0 rg BT 437.91 310.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 476.04 310.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 524.18 310.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.21 298.10 Td (based ) Tj ET Q q 0 0 0 rg BT 107.48 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.98 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.69 298.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 180.52 298.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 212.44 298.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 259.91 298.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 305.19 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.91 298.10 Td (borrowings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (iii. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.48 286.10 Td (Company) Tj ET Q q 0 0 0 rg BT 127.14 286.10 Td (s ) Tj ET Q q 0 0 0 rg BT 133.46 286.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 179.19 286.10 Td (has ) Tj ET Q q 0 0 0 rg BT 194.95 286.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 223.49 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.13 286.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 264.43 286.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 311.28 286.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 348.14 286.10 Td (streams ) Tj ET Q q 0 0 0 rg BT 381.12 286.10 Td (will ) Tj ET Q q 0 0 0 rg BT 399.10 286.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 419.30 286.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 463.38 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.81 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.68 286.10 Td (number ) Tj ET Q q 0 0 0 rg BT 515.65 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.41 286.10 Td (variables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 111.19 274.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 161.54 274.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 186.06 274.10 Td (char) Tj ET Q q 0 0 0 rg BT 203.08 274.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 224.00 274.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 234.37 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.95 274.10 Td (modifications. ) Tj ET Q q 0 0 0 rg BT 311.88 274.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 361.22 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 366.86 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.22 274.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 425.35 274.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 472.91 274.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 514.38 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.85 274.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td (security ) Tj ET Q q 0 0 0 rg BT 101.66 262.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 136.93 262.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 165.55 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.83 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.54 262.10 Td (table ) Tj ET Q q 0 0 0 rg BT 212.48 262.10 Td (above ) Tj ET Q q 0 0 0 rg BT 238.85 262.10 Td (are ) Tj ET Q q 0 0 0 rg BT 253.56 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.84 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.12 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.05 262.10 Td (regarded ) Tj ET Q q 0 0 0 rg BT 328.53 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.36 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.30 262.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 380.44 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.27 262.10 Td (future ) Tj ET Q q 0 0 0 rg BT 417.65 262.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 437.92 262.10 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (iv) Tj ET Q q 0 0 0 rg BT 56.63 250.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 95.18 250.10 Td (see ) Tj ET Q q 0 0 0 rg BT 110.08 250.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 131.65 250.10 Td (6\(b\) ) Tj ET Q q 0 0 0 rg BT 150.44 250.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 155.90 250.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 190.80 250.10 Td (Receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.68 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.47 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.82 250.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.48 250.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 351.93 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.39 250.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 393.95 250.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 441.05 250.10 Td (over ) Tj ET Q q 0 0 0 rg BT 460.95 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.30 250.10 Td (same ) Tj ET Q q 0 0 0 rg BT 497.98 250.10 Td (time ) Tj ET Q q 0 0 0 rg BT 517.88 250.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 548.06 250.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.93 238.10 Td (12\(d\) ) Tj ET Q q 0 0 0 rg BT 112.58 238.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 117.91 238.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 136.43 238.10 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.77 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.76 238.10 Td (- ) Tj ET Q q 0 0 0 rg BT 172.08 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.73 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.94 238.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.93 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.25 238.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 281.45 238.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.21 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.98 238.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 356.29 238.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 393.27 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.25 238.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.80 238.10 Td (be ) Tj ET Q q 0 0 0 rg BT 439.23 238.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 470.66 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.43 238.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 499.64 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.41 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 238.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (month.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.30 202.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.45 202.10 Td (has ) Tj ET Q q 0 0 0 rg BT 124.04 202.10 Td (no ) Tj ET Q q 0 0 0 rg BT 136.29 202.10 Td (material ) Tj ET Q q 0 0 0 rg BT 171.31 202.10 Td (liabilites ) Tj ET Q q 0 0 0 rg BT 208.00 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.26 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 246.39 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 261.43 202.10 Td (been ) Tj ET Q q 0 0 0 rg BT 282.56 202.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 328.68 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.38 202.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 385.95 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.21 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.68 202.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 457.15 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.74 202.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.98 202.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 541.96 202.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (than ) Tj ET Q q 0 0 0 rg BT 70.08 190.10 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.87 190.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 108.73 190.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.63 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.99 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.14 190.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 179.94 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.63 190.10 Td (guarantee. ) Tj ET Q q 0 0 0 rg BT 236.36 190.10 Td (For ) Tj ET Q q 0 0 0 rg BT 253.62 190.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 299.20 190.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 339.78 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.59 190.10 Td (other ) Tj ET Q q 0 0 0 rg BT 381.50 190.10 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 441.81 190.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 464.04 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.19 190.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 497.99 190.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 511.36 190.10 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 518.05 190.10 Td (Contingent ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 92.56 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.06 178.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 135.89 178.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 177.27 178.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.27 178.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 142.10 Td (17. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 142.10 Td (CONTINGENT LIABILITIES ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 178.02 142.10 Td (AND OTHER FINANCIAL) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 293.94 142.10 Td ( COMMITMENTS) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 118.10 Td (Contingent liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.12 106.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.08 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.82 106.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.22 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.07 106.10 Td (various ) Tj ET Q q 0 0 0 rg BT 188.58 106.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 216.75 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.26 106.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 254.77 106.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 285.16 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.01 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.30 106.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 339.70 106.10 Td (course ) Tj ET Q q 0 0 0 rg BT 367.87 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.27 106.10 Td (its ) Tj ET Q q 0 0 0 rg BT 389.79 106.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 428.26 106.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.77 106.10 Td (various ) Tj ET Q q 0 0 0 rg BT 481.28 106.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 526.39 106.10 Td (suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.86 94.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 94.58 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.05 94.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 154.52 94.10 Td (value ) Tj ET Q q 0 0 0 rg BT 178.10 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.35 94.10 Td (each ) Tj ET Q q 0 0 0 rg BT 208.59 94.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 232.72 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.08 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.22 94.10 Td (total ) Tj ET Q q 0 0 0 rg BT 282.91 94.10 Td (value ) Tj ET Q q 0 0 0 rg BT 306.49 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.74 94.10 Td (all ) Tj ET Q q 0 0 0 rg BT 328.66 94.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 356.68 94.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.93 94.10 Td (at ) Tj ET Q q 0 0 0 rg BT 376.07 94.10 Td (December ) Tj ET Q q 0 0 0 rg BT 419.08 94.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 433.50 94.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 455.42 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.78 94.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 493.70 94.10 Td (were ) Tj ET Q q 0 0 0 rg BT 515.05 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 529.75 94.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 82.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 95.61 82.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 133.11 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.82 82.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 193.63 82.10 Td (remote. ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (39) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (Other financial commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 692.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.95 692.10 Td (has ) Tj ET Q q 0 0 0 rg BT 124.79 692.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 156.72 692.10 Td (into ) Tj ET Q q 0 0 0 rg BT 174.78 692.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 212.83 692.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 260.87 692.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.16 692.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.86 692.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 356.14 692.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 393.07 692.10 Td (such ) Tj ET Q q 0 0 0 rg BT 413.91 692.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 459.18 692.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 480.57 692.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.52 692.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 525.02 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.30 692.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 87.54 680.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 129.46 680.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 165.84 680.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 188.34 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.06 680.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 249.41 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.24 680.10 Td (events ) Tj ET Q q 0 0 0 rg BT 288.29 680.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 329.11 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.39 680.10 Td (each ) Tj ET Q q 0 0 0 rg BT 360.20 680.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 403.24 680.10 Td (agreement. ) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I35 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 644.10 Td (18. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 644.10 Td (CAPIT) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 78.76 644.10 Td (AL) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 91.91 644.10 Td ( MANAGEMENT) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 167.46 644.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.30 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.97 620.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.11 620.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 144.02 620.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 177.94 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.53 620.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 236.33 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.03 620.10 Td (shareholders) Tj ET Q q 0 0 0 rg BT 306.15 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.41 620.10 Td (equity) Tj ET Q q 0 0 0 rg BT 332.75 620.10 Td (. ) Tj ET Q q 0 0 0 rg BT 337.35 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.15 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 396.81 620.10 Td (s ) Tj ET Q q 0 0 0 rg BT 402.96 620.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 445.76 620.10 Td (when ) Tj ET Q q 0 0 0 rg BT 469.67 620.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 511.36 620.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 540.26 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 554.73 620.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 90.78 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.41 608.10 Td (Company) Tj ET Q q 0 0 0 rg BT 147.07 608.10 Td (s ) Tj ET Q q 0 0 0 rg BT 153.38 608.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 195.22 608.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 223.19 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.38 608.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 270.22 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.96 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.82 608.10 Td (going ) Tj ET Q q 0 0 0 rg BT 313.01 608.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 347.06 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.91 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.10 608.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.06 608.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 445.01 608.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 475.19 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.26 608.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 544.71 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 608.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.58 596.10 Td (share ) Tj ET Q q 0 0 0 rg BT 120.18 596.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 149.33 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 158.50 596.10 Td (not ) Tj ET Q q 0 0 0 rg BT 173.78 596.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.60 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.88 596.10 Td (external ) Tj ET Q q 0 0 0 rg BT 249.58 596.10 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 298.84 596.10 Td (There ) Tj ET Q q 0 0 0 rg BT 324.65 596.10 Td (have ) Tj ET Q q 0 0 0 rg BT 346.03 596.10 Td (been ) Tj ET Q q 0 0 0 rg BT 367.41 596.10 Td (no ) Tj ET Q q 0 0 0 rg BT 379.91 596.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 414.61 596.10 Td (since ) Tj ET Q q 0 0 0 rg BT 437.66 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.38 596.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 474.31 596.10 Td (year) Tj ET Q q 0 0 0 rg BT 490.97 596.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.08 572.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.01 572.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 145.03 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.29 572.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 187.97 572.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 225.00 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.47 572.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 269.06 572.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 318.87 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.68 572.10 Td (light ) Tj ET Q q 0 0 0 rg BT 349.06 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.42 572.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 393.67 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.49 572.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 444.40 572.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 488.10 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.57 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.83 572.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 535.87 572.10 Td (profile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.37 560.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 121.36 560.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 149.66 560.10 Td (The ) Tj ET Q q 0 0 0 rg BT 167.87 560.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.42 560.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 229.30 560.10 Td (various ) Tj ET Q q 0 0 0 rg BT 261.40 560.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 301.27 560.10 Td (including ) Tj ET Q q 0 0 0 rg BT 341.71 560.10 Td (share ) Tj ET Q q 0 0 0 rg BT 365.47 560.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 415.33 560.10 Td (through ) Tj ET Q q 0 0 0 rg BT 449.10 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.98 560.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 494.97 560.10 Td (course ) Tj ET Q q 0 0 0 rg BT 523.73 560.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 549.72 560.10 Td (bid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 548.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 113.65 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.48 548.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 165.87 548.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 185.58 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.86 548.10 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 103.88 524.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 146.97 524.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 187.87 524.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 214.88 524.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 247.98 524.10 Td (US$250 ) Tj ET Q q 0 0 0 rg BT 283.34 524.10 Td (million ) Tj ET Q q 0 0 0 rg BT 314.80 524.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 340.13 524.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 371.03 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.04 524.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 423.93 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.94 524.10 Td (US$50 ) Tj ET Q q 0 0 0 rg BT 461.29 524.10 Td (million ) Tj ET Q q 0 0 0 rg BT 492.76 524.10 Td (accordion ) Tj ET Q q 0 0 0 rg BT 534.75 524.10 Td (feature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (supports ) Tj ET Q q 0 0 0 rg BT 85.86 512.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 116.66 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.91 512.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 158.80 512.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 208.74 512.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 245.65 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.34 512.10 Td (Company) Tj ET Q q 0 0 0 rg BT 302.00 512.10 Td (s ) Tj ET Q q 0 0 0 rg BT 308.36 512.10 Td (working ) Tj ET Q q 0 0 0 rg BT 344.16 512.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 373.28 512.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 398.52 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.43 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.56 512.10 Td (general ) Tj ET Q q 0 0 0 rg BT 461.45 512.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 501.68 512.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 542.20 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 544.67 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 512.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.17 500.10 Td (, ) Tj ET Q q 0 0 0 rg BT 80.94 500.10 Td (available ) Tj ET Q q 0 0 0 rg BT 118.30 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.35 500.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 146.41 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.01 500.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 195.04 500.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 226.03 500.10 Td (also ) Tj ET Q q 0 0 0 rg BT 243.41 500.10 Td (improves ) Tj ET Q q 0 0 0 rg BT 281.90 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.38 500.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 341.23 500.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.49 500.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 418.20 500.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.47 500.10 Td (centralizing ) Tj ET Q q 0 0 0 rg BT 477.94 500.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 511.41 500.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.54 488.10 Td (making ) Tj ET Q q 0 0 0 rg BT 99.14 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.97 488.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 154.35 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.28 488.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.54 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.92 488.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 248.08 488.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 292.91 488.10 Td (more ) Tj ET Q q 0 0 0 rg BT 316.06 488.10 Td (ef) Tj ET Q q 0 0 0 rg BT 323.65 488.10 Td (ficient. ) Tj ET Q q 0 0 0 rg BT 354.29 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.71 488.10 Td (This ) Tj ET Q q 0 0 0 rg BT 377.09 488.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 402.46 488.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 433.39 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.66 488.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 475.80 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.41 488.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 541.56 488.10 Td (all ) Tj ET Q q 0 0 0 rg BT 554.17 488.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 476.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.89 476.10 Td (s ) Tj ET Q q 0 0 0 rg BT 112.29 476.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 140.63 476.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 176.46 476.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 218.95 476.10 Td (including ) Tj ET Q q 0 0 0 rg BT 259.23 476.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 309.51 476.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 345.88 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.82 476.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 394.76 476.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 433.35 476.10 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 460.58 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.52 476.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 508.91 476.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.42 476.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (8, ) Tj ET Q q 0 0 0 rg BT 59.19 464.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 83.88 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.59 464.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.79 464.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 156.06 464.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.06 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.25 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.89 464.10 Td (December ) Tj ET Q q 0 0 0 rg BT 238.16 464.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 252.85 464.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 277.55 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.18 464.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 340.26 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.67 464.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 386.30 464.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 429.30 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.71 464.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.79 464.10 Td (was ) Tj ET Q q 0 0 0 rg BT 502.54 464.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 544.72 464.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.00 452.10 Td (covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 92.68 428.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 130.29 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.80 428.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 182.75 428.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 233.15 428.10 Td (are ) Tj ET Q q 0 0 0 rg BT 248.54 428.10 Td (used ) Tj ET Q q 0 0 0 rg BT 270.05 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.01 428.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 314.74 428.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 349.03 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.87 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.27 428.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 422.99 428.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 466.88 428.10 Td (s ) Tj ET Q q 0 0 0 rg BT 473.95 428.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 518.79 428.10 Td (\(namely ) Tj ET Q q 0 0 0 rg BT 554.73 428.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.84 416.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 123.39 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.85 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.86 416.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 191.18 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.31 416.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.43 416.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.66 416.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.66 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.23 416.10 Td (be ) Tj ET Q q 0 0 0 rg BT 293.46 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.47 416.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 339.58 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.71 416.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 377.38 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.61 416.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 418.51 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.63 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.20 416.10 Td (support ) Tj ET Q q 0 0 0 rg BT 472.99 416.10 Td (working ) Tj ET Q q 0 0 0 rg BT 509.11 416.10 Td (capital\). ) Tj ET Q q 0 0 0 rg BT 544.39 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.98 416.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 89.76 404.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 126.69 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.40 404.10 Td (not ) Tj ET Q q 0 0 0 rg BT 156.68 404.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 193.61 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.89 404.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 236.93 404.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 257.76 404.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 299.15 404.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 318.87 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.37 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.08 404.10 Td (Company) Tj ET Q q 0 0 0 rg BT 384.32 404.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 380.10 Td (19. COMMON SHARES) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 356.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 356.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.02 356.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.24 356.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 162.99 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.31 356.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 195.86 356.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.84 356.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 248.72 356.10 Td (number ) Tj ET Q q 0 0 0 rg BT 281.81 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.68 356.10 Td (common ) Tj ET Q q 0 0 0 rg BT 330.22 356.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 360.26 356.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.58 356.10 Td (no ) Tj ET Q q 0 0 0 rg BT 393.13 356.10 Td (par ) Tj ET Q q 0 0 0 rg BT 408.44 356.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.14 356.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 457.67 356.10 Td (common ) Tj ET Q q 0 0 0 rg BT 495.21 356.10 Td (share ) Tj ET Q q 0 0 0 rg BT 518.86 356.10 Td (entitles ) Tj ET Q q 0 0 0 rg BT 550.29 356.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 77.71 344.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 108.69 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.14 344.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 150.67 344.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 177.77 344.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 191.26 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.71 344.10 Td (attend, ) Tj ET Q q 0 0 0 rg BT 231.31 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.41 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.86 344.10 Td (one ) Tj ET Q q 0 0 0 rg BT 275.96 344.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 295.84 344.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.73 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 318.39 344.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 357.16 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.15 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.04 344.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 438.55 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.76 344.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 488.86 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.86 344.10 Td (common ) Tj ET Q q 0 0 0 rg BT 537.52 344.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.34 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.07 332.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 114.35 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.41 332.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 157.56 332.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.29 332.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 219.96 332.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 231.86 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.48 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.20 332.10 Td (when ) Tj ET Q q 0 0 0 rg BT 286.15 332.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 323.30 332.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.59 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.09 332.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 399.96 332.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 440.50 332.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.33 332.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 514.83 332.10 Td (will ) Tj ET Q q 0 0 0 rg BT 533.67 332.10 Td (also ) Tj ET Q q 0 0 0 rg BT 553.07 332.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.72 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.73 320.10 Td (share ) Tj ET Q q 0 0 0 rg BT 118.05 320.10 Td (equally) Tj ET Q q 0 0 0 rg BT 146.84 320.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.57 320.10 Td (share-for) Tj ET Q q 0 0 0 rg BT 188.46 320.10 Td (-share, ) Tj ET Q q 0 0 0 rg BT 218.61 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.62 320.10 Td (any ) Tj ET Q q 0 0 0 rg BT 247.29 320.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 296.63 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.19 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.64 320.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 350.19 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.75 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.20 320.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 419.32 320.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 442.54 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.99 320.10 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 507.05 320.10 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 554.17 320.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 98.52 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 308.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.67 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.91 308.10 Td (other ) Tj ET Q q 0 0 0 rg BT 201.36 308.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 250.38 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.62 308.10 Td (its ) Tj ET Q q 0 0 0 rg BT 273.97 308.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 300.21 308.10 Td (among ) Tj ET Q q 0 0 0 rg BT 330.33 308.10 Td (its ) Tj ET Q q 0 0 0 rg BT 342.69 308.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 397.80 308.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.37 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.49 308.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 462.06 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.29 308.10 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 522.31 308.10 Td (its ) Tj ET Q q 0 0 0 rg BT 534.66 308.10 Td (af) Tj ET Q q 0 0 0 rg BT 542.25 308.10 Td (fairs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 94.24 296.10 Td (information ) Tj ET Q q 0 0 0 rg BT 143.41 296.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 177.58 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.32 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.50 296.10 Td (common ) Tj ET Q q 0 0 0 rg BT 238.46 296.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 267.92 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.10 296.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.84 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.14 296.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 348.54 296.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 378.82 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.22 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.40 296.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 449.13 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.53 296.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 499.15 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.45 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 296.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (can ) Tj ET Q q 0 0 0 rg BT 67.79 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.64 284.10 Td (found ) Tj ET Q q 0 0 0 rg BT 109.38 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.57 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.20 284.10 Td (Company) Tj ET Q q 0 0 0 rg BT 179.86 284.10 Td (s ) Tj ET Q q 0 0 0 rg BT 187.19 284.10 Td (Articles ) Tj ET Q q 0 0 0 rg BT 223.26 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.11 284.10 Td (by-laws, ) Tj ET Q q 0 0 0 rg BT 280.68 284.10 Td (which ) Tj ET Q q 0 0 0 rg BT 309.53 284.10 Td (have ) Tj ET Q q 0 0 0 rg BT 332.82 284.10 Td (been ) Tj ET Q q 0 0 0 rg BT 356.10 284.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 378.84 284.10 Td (under ) Tj ET Q q 0 0 0 rg BT 406.02 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.65 284.10 Td (Company) Tj ET Q q 0 0 0 rg BT 464.31 284.10 Td (s ) Tj ET Q q 0 0 0 rg BT 472.62 284.10 Td (profile ) Tj ET Q q 0 0 0 rg BT 503.68 284.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.09 284.10 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 555.29 284.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (www) Tj ET Q q 0 0 0 rg BT 70.52 272.10 Td (.sedar) Tj ET Q q 0 0 0 rg BT 93.56 272.10 Td (.com.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 155.60000000000002 m 459 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 155.60000000000002 m 561 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 85.60000000000002 m 459 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 85.60000000000002 m 561 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 85.60000000000002 m 459 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 70.60000000000002 m 459 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 85.60000000000002 m 561 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 70.60000000000002 m 561 70.60000000000002 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 382.1 249.93339843750005 m 446.816796875 249.93339843750005 l s q 0 0 0 rg BT 382.10 251.27 Td (Common shares) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 499.6 249.93339843750005 m 532.3783203125 249.93339843750005 l s q 0 0 0 rg BT 499.60 251.27 Td (Amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 400.40 235.85 Td (\(# '000s\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.10 235.85 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 215.27 Td (Balance, December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 215.27 Td (16,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 215.27 Td (105,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 196.27 Td (Exercise of restricted share units \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.33 196.27 Td (Note 21\(b\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 196.27 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 196.27 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 181.27 Td (Exercise of options \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.03 181.27 Td (Note 21\(a\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 181.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 181.27 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 166.27 Td (Repurchase of common shares under issuer bid) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.15 166.31 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 166.32 Td (\(499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 166.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 166.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 166.32 Td (\(3,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 166.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 145.27 Td (Balance, December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 145.27 Td (16,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 145.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 145.27 Td (103,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 124.27 Td (Exercise of restricted share units \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.83 124.27 Td (Note 21\(b\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 124.27 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 124.27 Td (482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 109.27 Td (Exercise of options ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 224.20 109.27 Td (\(Note 21\(a\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 109.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 109.27 Td (403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 94.27 Td (Repurchase of common shares under issuer bid) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.15 94.31 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 94.32 Td (\(78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 94.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 94.32 Td (\(498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 94.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.50 75.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 226.51 75.28 Td ( 31, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.65 75.28 Td (16,248) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.50 75.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.65 75.28 Td (103,963) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 81 0 obj <> endobj 82 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 63.10 704.10 Td (Normal ) Tj ET Q q 0 0 0 rg BT 96.15 704.10 Td (course ) Tj ET Q q 0 0 0 rg BT 124.74 704.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 150.57 704.10 Td (bids) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.56 680.10 Td (August ) Tj ET Q q 0 0 0 rg BT 90.66 680.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 115.38 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 680.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 176.61 680.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 203.26 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.81 680.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 253.23 680.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 292.65 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.09 680.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 352.61 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.48 680.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 417.01 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.55 680.10 Td (up ) Tj ET Q q 0 0 0 rg BT 439.77 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.76 680.10 Td (1,085,981 ) Tj ET Q q 0 0 0 rg BT 491.98 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.52 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 680.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 680.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 97.83 668.10 Td (common ) Tj ET Q q 0 0 0 rg BT 134.49 668.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.14 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.46 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.34 668.10 Td (period ) Tj ET Q q 0 0 0 rg BT 215.55 668.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 268.50 668.10 Td (August ) Tj ET Q q 0 0 0 rg BT 299.05 668.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 313.21 668.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 334.88 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.98 668.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 379.86 668.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.15 668.10 Td (August ) Tj ET Q q 0 0 0 rg BT 421.71 668.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 435.87 668.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 460.03 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.69 668.10 Td (During ) Tj ET Q q 0 0 0 rg BT 491.69 668.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 515.85 668.10 Td (no ) Tj ET Q q 0 0 0 rg BT 527.51 668.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.45 656.10 Td (were ) Tj ET Q q 0 0 0 rg BT 97.83 656.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 148.09 656.10 Td (under ) Tj ET Q q 0 0 0 rg BT 172.82 656.10 Td (this ) Tj ET Q q 0 0 0 rg BT 189.22 656.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 219.50 656.10 Td (course ) Tj ET Q q 0 0 0 rg BT 247.55 656.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 272.84 656.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 290.07 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.03 656.10 Td (From ) Tj ET Q q 0 0 0 rg BT 315.65 656.10 Td (January ) Tj ET Q q 0 0 0 rg BT 348.71 656.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 358.16 656.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 380.12 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.42 656.10 Td (August ) Tj ET Q q 0 0 0 rg BT 420.27 656.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 434.73 656.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 459.18 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.35 656.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 514.20 656.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (293,096 ) Tj ET Q q 0 0 0 rg BT 84.11 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.56 644.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.12 644.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 133.22 644.10 Td (under ) Tj ET Q q 0 0 0 rg BT 158.10 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.43 644.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 202.87 644.10 Td (course ) Tj ET Q q 0 0 0 rg BT 231.08 644.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 256.53 644.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 271.42 644.10 Td (at ) Tj ET Q q 0 0 0 rg BT 280.75 644.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.30 644.10 Td (average ) Tj ET Q q 0 0 0 rg BT 325.50 644.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 343.72 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.16 644.10 Td ($10.5277 ) Tj ET Q q 0 0 0 rg BT 393.78 644.10 Td (per ) Tj ET Q q 0 0 0 rg BT 408.66 644.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 434.22 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.88 644.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 480.09 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.53 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.86 644.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.51 644.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 632.10 Td (average ) Tj ET Q q 0 0 0 rg BT 118.07 632.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 143.89 632.10 Td (value ) Tj ET Q q 0 0 0 rg BT 168.05 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.88 632.10 Td (common ) Tj ET Q q 0 0 0 rg BT 216.38 632.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.87 632.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 286.90 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.06 632.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 351.87 632.10 Td (was ) Tj ET Q q 0 0 0 rg BT 369.92 632.10 Td (char) Tj ET Q q 0 0 0 rg BT 386.95 632.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 403.88 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.16 632.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 448.87 632.10 Td (earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.56 608.10 Td (August ) Tj ET Q q 0 0 0 rg BT 90.66 608.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 115.38 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 608.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 176.61 608.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 203.26 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.81 608.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 253.23 608.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 292.65 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.09 608.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 352.61 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.48 608.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 417.01 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.55 608.10 Td (up ) Tj ET Q q 0 0 0 rg BT 439.77 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.76 608.10 Td (1,043,895 ) Tj ET Q q 0 0 0 rg BT 491.98 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.52 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 608.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 608.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.51 596.10 Td (common ) Tj ET Q q 0 0 0 rg BT 135.84 596.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 163.17 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.18 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 596.10 Td (period ) Tj ET Q q 0 0 0 rg BT 219.62 596.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 273.10 596.10 Td (August ) Tj ET Q q 0 0 0 rg BT 304.33 596.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 319.17 596.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 341.51 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.29 596.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 387.85 596.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.68 596.10 Td (August ) Tj ET Q q 0 0 0 rg BT 430.91 596.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 445.75 596.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 470.59 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.93 596.10 Td (From ) Tj ET Q q 0 0 0 rg BT 496.43 596.10 Td (August ) Tj ET Q q 0 0 0 rg BT 527.66 596.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 542.50 596.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 584.10 Td (December ) Tj ET Q q 0 0 0 rg BT 103.77 584.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.97 584.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 144.18 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.10 584.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.69 584.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 251.70 584.10 Td (206,340 ) Tj ET Q q 0 0 0 rg BT 286.90 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.94 584.10 Td (its ) Tj ET Q q 0 0 0 rg BT 310.09 584.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.79 584.10 Td (under ) Tj ET Q q 0 0 0 rg BT 363.26 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.18 584.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 409.21 584.10 Td (course ) Tj ET Q q 0 0 0 rg BT 438.01 584.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 464.04 584.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 479.53 584.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.45 584.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.59 584.10 Td (average ) Tj ET Q q 0 0 0 rg BT 535.38 584.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.19 584.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td ($10.2412 ) Tj ET Q q 0 0 0 rg BT 89.61 572.10 Td (per ) Tj ET Q q 0 0 0 rg BT 104.99 572.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 131.19 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.80 572.10 Td (From ) Tj ET Q q 0 0 0 rg BT 158.08 572.10 Td (January ) Tj ET Q q 0 0 0 rg BT 191.79 572.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 201.90 572.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 224.51 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.32 572.10 Td (August ) Tj ET Q q 0 0 0 rg BT 265.82 572.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 280.93 572.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 306.04 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.86 572.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.36 572.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 413.27 572.10 Td (78,020 ) Tj ET Q q 0 0 0 rg BT 443.38 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.32 572.10 Td (its ) Tj ET Q q 0 0 0 rg BT 466.38 572.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 493.98 572.10 Td (under ) Tj ET Q q 0 0 0 rg BT 519.35 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.18 572.10 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (course ) Tj ET Q q 0 0 0 rg BT 78.91 560.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 105.56 560.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 121.65 560.10 Td (at ) Tj ET Q q 0 0 0 rg BT 132.18 560.10 Td (an ) Tj ET Q q 0 0 0 rg BT 144.93 560.10 Td (average ) Tj ET Q q 0 0 0 rg BT 179.33 560.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.76 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.40 560.10 Td ($10.3583 ) Tj ET Q q 0 0 0 rg BT 251.21 560.10 Td (per ) Tj ET Q q 0 0 0 rg BT 267.30 560.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 293.97 560.10 Td (The ) Tj ET Q q 0 0 0 rg BT 312.83 560.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 342.25 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.89 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.42 560.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 408.27 560.10 Td (price ) Tj ET Q q 0 0 0 rg BT 431.57 560.10 Td (over ) Tj ET Q q 0 0 0 rg BT 452.66 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.19 560.10 Td (average ) Tj ET Q q 0 0 0 rg BT 502.59 560.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 529.23 560.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.19 560.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 548.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 114.49 548.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 157.52 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.68 548.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 222.49 548.10 Td (was ) Tj ET Q q 0 0 0 rg BT 240.54 548.10 Td (char) Tj ET Q q 0 0 0 rg BT 257.57 548.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 274.50 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.78 548.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 319.49 548.10 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.56 524.10 Td (August ) Tj ET Q q 0 0 0 rg BT 90.66 524.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 115.38 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 524.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 176.61 524.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 203.26 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.81 524.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 253.23 524.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 292.65 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.09 524.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 352.61 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.48 524.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 417.01 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.55 524.10 Td (up ) Tj ET Q q 0 0 0 rg BT 439.77 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.76 524.10 Td (1,031,791 ) Tj ET Q q 0 0 0 rg BT 491.98 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.52 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 524.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 524.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.51 512.10 Td (common ) Tj ET Q q 0 0 0 rg BT 135.84 512.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 163.17 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.18 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 512.10 Td (period ) Tj ET Q q 0 0 0 rg BT 219.62 512.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 273.10 512.10 Td (August ) Tj ET Q q 0 0 0 rg BT 304.33 512.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 319.17 512.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 341.51 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.29 512.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 387.85 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.68 512.10 Td (August ) Tj ET Q q 0 0 0 rg BT 430.91 512.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 445.75 512.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 470.59 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.93 512.10 Td (From ) Tj ET Q q 0 0 0 rg BT 496.43 512.10 Td (August ) Tj ET Q q 0 0 0 rg BT 527.66 512.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 542.50 512.10 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.78 500.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.37 500.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.37 500.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.38 500.10 Td (no ) Tj ET Q q 0 0 0 rg BT 155.88 500.10 Td (common ) Tj ET Q q 0 0 0 rg BT 193.38 500.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 220.88 500.10 Td (were ) Tj ET Q q 0 0 0 rg BT 242.81 500.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 293.62 500.10 Td (under ) Tj ET Q q 0 0 0 rg BT 318.89 500.10 Td (this ) Tj ET Q q 0 0 0 rg BT 335.85 500.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 366.68 500.10 Td (course ) Tj ET Q q 0 0 0 rg BT 395.28 500.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 421.12 500.10 Td (bid. ) Tj ET Q q 0 0 0 rg BT 438.90 500.10 Td (Decisions ) Tj ET Q q 0 0 0 rg BT 480.84 500.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 521.66 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.38 500.10 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 488.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 102.26 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.97 488.10 Td (based ) Tj ET Q q 0 0 0 rg BT 142.23 488.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.73 488.10 Td (market ) Tj ET Q q 0 0 0 rg BT 185.00 488.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 229.16 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.10 488.10 Td (other ) Tj ET Q q 0 0 0 rg BT 269.15 488.10 Td (factors.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I36 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 452.10 Td (20. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 452.10 Td (EXCHANGEABLE SECURITIES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 31.50 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.85 428.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 90.63 428.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 146.74 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.63 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.09 428.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 221.20 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.77 428.10 Td (Pawnee ) Tj ET Q q 0 0 0 rg BT 265.10 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.12 428.10 Td (May ) Tj ET Q q 0 0 0 rg BT 295.69 428.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 320.42 428.10 Td (1,274,601 ) Tj ET Q q 0 0 0 rg BT 362.66 428.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 386.56 428.10 Td (B ) Tj ET Q q 0 0 0 rg BT 395.47 428.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 422.70 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.37 428.10 Td (203,936 ) Tj ET Q q 0 0 0 rg BT 474.11 428.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 498.02 428.10 Td (C ) Tj ET Q q 0 0 0 rg BT 506.92 428.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 534.15 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.71 428.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (Acquisitionco ) Tj ET Q q 0 0 0 rg BT 107.54 416.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.90 416.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 155.83 416.10 Td (\(摘xchangeable ) Tj ET Q q 0 0 0 rg BT 221.61 416.10 Td (Securities能). ) Tj ET Q q 0 0 0 rg BT 273.11 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.58 416.10 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 348.60 416.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 389.96 416.10 Td (are ) Tj ET Q q 0 0 0 rg BT 404.10 416.10 Td (non-voting ) Tj ET Q q 0 0 0 rg BT 449.92 416.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 476.84 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.11 416.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 506.40 416.10 Td (Acquisitionco ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.34 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 80.94 404.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 102.23 404.10 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 159.04 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.10 404.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 212.72 404.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 241.78 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.51 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.13 404.10 Td (Company) Tj ET Q q 0 0 0 rg BT 305.36 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.26 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.66 404.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.50 404.10 Td (one-for) Tj ET Q q 0 0 0 rg BT 358.73 404.10 Td (-one ) Tj ET Q q 0 0 0 rg BT 378.89 404.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 403.79 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.85 404.10 Td (no ) Tj ET Q q 0 0 0 rg BT 430.25 404.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 472.64 404.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 531.41 404.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.43 392.10 Td (series ) Tj ET Q q 0 0 0 rg BT 83.68 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.50 392.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 118.99 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.91 392.10 Td (entitle ) Tj ET Q q 0 0 0 rg BT 165.39 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.10 392.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 214.02 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.29 392.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 257.64 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.34 392.10 Td (same ) Tj ET Q q 0 0 0 rg BT 297.38 392.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 339.75 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.57 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.28 392.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 407.99 392.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 439.87 392.10 Td (Attached ) Tj ET Q q 0 0 0 rg BT 479.45 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.72 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.42 392.10 Td (Exchangeable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.17 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 105.60 380.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 137.11 380.10 Td (V) Tj ET Q q 0 0 0 rg BT 143.04 380.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 165.83 380.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 189.73 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.29 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.74 380.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.86 380.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.53 380.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 315.31 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.75 380.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 361.42 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.99 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.43 380.10 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 444.74 380.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 486.41 380.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 514.20 380.10 Td (equivalency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 368.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 101.13 368.10 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 158.32 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.62 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.65 368.10 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 237.21 368.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 279.13 368.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.81 368.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 331.27 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.08 368.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 406.77 368.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 441.19 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.67 368.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 471.14 368.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 494.75 368.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 509.73 368.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.32 356.10 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 136.31 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.13 356.10 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 207.82 356.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 248.86 356.10 Td (must ) Tj ET Q q 0 0 0 rg BT 269.91 356.10 Td (be ) Tj ET Q q 0 0 0 rg BT 280.96 356.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 308.67 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 318.61 356.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 382.43 356.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 413.47 356.10 Td (because ) Tj ET Q q 0 0 0 rg BT 446.72 356.10 Td (they ) Tj ET Q q 0 0 0 rg BT 465.54 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.36 356.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 505.96 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.34 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.39 356.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.74 344.10 Td (attributable, ) Tj ET Q q 0 0 0 rg BT 117.24 344.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 151.25 344.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.04 344.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 200.72 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.68 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.92 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.60 344.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 262.05 344.10 Td (even ) Tj ET Q q 0 0 0 rg BT 284.40 344.10 Td (though ) Tj ET Q q 0 0 0 rg BT 315.64 344.10 Td (they ) Tj ET Q q 0 0 0 rg BT 336.32 344.10 Td (have ) Tj ET Q q 0 0 0 rg BT 358.66 344.10 Td (no ) Tj ET Q q 0 0 0 rg BT 372.12 344.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 401.15 344.10 Td (powers ) Tj ET Q q 0 0 0 rg BT 433.49 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.73 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.42 344.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 500.87 344.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.84 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.05 344.10 Td (There ) Tj ET Q q 0 0 0 rg BT 536.83 344.10 Td (are ) Tj ET Q q 0 0 0 rg BT 552.50 344.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 97.32 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.48 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.08 332.10 Td (Company) Tj ET Q q 0 0 0 rg BT 165.75 332.10 Td (s ) Tj ET Q q 0 0 0 rg BT 173.03 332.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 201.96 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.13 332.10 Td (access ) Tj ET Q q 0 0 0 rg BT 242.05 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.76 332.10 Td (use ) Tj ET Q q 0 0 0 rg BT 270.48 332.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.20 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 332.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 339.51 332.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 380.11 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.83 332.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 412.25 332.10 Td (Acquisitionco ) Tj ET Q q 0 0 0 rg BT 471.73 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.45 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.27 332.10 Td (result ) Tj ET Q q 0 0 0 rg BT 516.88 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.59 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.19 332.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 95.93 320.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 130.41 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.77 320.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.86 320.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 215.62 320.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.60 320.10 Td (share ) Tj ET Q q 0 0 0 rg BT 271.24 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.12 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.88 320.10 Td (Company) Tj ET Q q 0 0 0 rg BT 338.54 320.10 Td (s ) Tj ET Q q 0 0 0 rg BT 344.98 320.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 398.07 320.10 Td (net ) Tj ET Q q 0 0 0 rg BT 412.83 320.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.71 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.69 320.10 Td (net ) Tj ET Q q 0 0 0 rg BT 470.45 320.10 Td (income ) Tj ET Q q 0 0 0 rg BT 502.43 320.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.65 320.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.51 320.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.49 308.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 115.81 308.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.57 308.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 199.06 308.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.71 308.10 Td (These ) Tj ET Q q 0 0 0 rg BT 226.36 308.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 253.13 308.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 291.55 308.10 Td (99.3% ) Tj ET Q q 0 0 0 rg BT 319.16 308.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 344.27 308.10 Td (- ) Tj ET Q q 0 0 0 rg BT 349.38 308.10 Td (99.3%\) ) Tj ET Q q 0 0 0 rg BT 380.31 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.42 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.42 308.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 452.86 308.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 479.63 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.73 308.10 Td (US ) Tj ET Q q 0 0 0 rg BT 503.90 308.10 Td (Acquisitionco. ) Tj ET Q q 0 0 0 rg BT 565.00 308.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 93.11 296.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 112.83 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.10 296.10 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 181.68 296.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 223.62 296.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 255.55 296.10 Td (during ) Tj ET Q q 0 0 0 rg BT 284.16 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 296.10 Td (year ) Tj ET Q q 0 0 0 rg BT 318.59 296.10 Td (were ) Tj ET Q q 0 0 0 rg BT 340.52 296.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.52 296.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 360.52 296.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.41 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.91 296.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 417.74 296.10 Td (- ) Tj ET Q q 0 0 0 rg BT 423.57 296.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.57 296.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 443.57 296.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.46 296.10 Td (\). ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 272.10 Td (21. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 272.10 Td (COMPENSA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 106.54 272.10 Td (TION PLANS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 248.10 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 102.03 248.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 161.24 248.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 193.77 248.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 237.97 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.85 248.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 308.04 248.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 358.91 248.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 418.11 248.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 458.98 248.10 Td (over ) Tj ET Q q 0 0 0 rg BT 480.42 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.30 248.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 528.85 248.10 Td (term ) Tj ET Q q 0 0 0 rg BT 550.84 248.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.63 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.75 236.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 138.63 236.10 Td (share ) Tj ET Q q 0 0 0 rg BT 162.41 236.10 Td (units ) Tj ET Q q 0 0 0 rg BT 184.54 236.10 Td (unexercised ) Tj ET Q q 0 0 0 rg BT 234.97 236.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.87 236.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 303.64 236.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.64 236.10 Td (. ) Tj ET Q q 0 0 0 rg BT 328.82 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.30 236.10 Td (There ) Tj ET Q q 0 0 0 rg BT 357.30 236.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.41 236.10 Td (2,553,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.41 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.09 236.10 Td (options ) Tj ET Q q 0 0 0 rg BT 454.22 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.34 236.10 Td (44,000 ) Tj ET Q q 0 0 0 rg BT 501.52 236.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 541.40 236.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.45 224.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 120.61 224.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.33 224.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 188.91 224.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.91 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.41 224.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 237.24 224.10 Td (- ) Tj ET Q q 0 0 0 rg BT 243.07 224.10 Td (2,384,354 ) Tj ET Q q 0 0 0 rg BT 285.57 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.51 224.10 Td (44,000\). ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 198.76699218750002 m 118.5673828125 198.76699218750002 l s q 0 0 0 rg BT 49.50 200.10 Td (\(a\) Shar) Tj ET Q q 0 0 0 rg BT 82.18 200.10 Td (e options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.50 188.10 Td (options ) Tj ET Q q 0 0 0 rg BT 99.40 188.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 117.96 188.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 138.74 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 148.41 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.08 188.10 Td (end ) Tj ET Q q 0 0 0 rg BT 179.97 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.76 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.43 188.10 Td (first ) Tj ET Q q 0 0 0 rg BT 223.99 188.10 Td (year) Tj ET Q q 0 0 0 rg BT 240.79 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.75 188.10 Td (another ) Tj ET Q q 0 0 0 rg BT 278.18 188.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 298.97 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.64 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.31 188.10 Td (end ) Tj ET Q q 0 0 0 rg BT 340.20 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.98 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.65 188.10 Td (second ) Tj ET Q q 0 0 0 rg BT 395.87 188.10 Td (year) Tj ET Q q 0 0 0 rg BT 412.68 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 417.63 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.52 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.19 188.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 492.19 188.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 512.97 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 522.64 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.31 188.10 Td (end ) Tj ET Q q 0 0 0 rg BT 554.20 188.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 176.10 Td (third ) Tj ET Q q 0 0 0 rg BT 86.28 176.10 Td (year ) Tj ET Q q 0 0 0 rg BT 106.33 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.61 176.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 151.43 176.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.27 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.33 176.10 Td (10th ) Tj ET Q q 0 0 0 rg BT 199.94 176.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 249.43 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.60 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.65 176.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 299.04 176.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 321.04 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.67 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.06 176.10 Td (options ) Tj ET Q q 0 0 0 rg BT 374.34 176.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 398.29 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.90 176.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 448.97 176.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 478.47 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.75 176.10 Td (have ) Tj ET Q q 0 0 0 rg BT 517.46 176.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.74 176.10 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.87 164.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 95.91 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.08 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.68 164.10 Td (10-day ) Tj ET Q q 0 0 0 rg BT 150.84 164.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 183.22 164.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 222.26 164.10 Td (average ) Tj ET Q q 0 0 0 rg BT 255.73 164.10 Td (price ) Tj ET Q q 0 0 0 rg BT 278.10 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.82 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.42 164.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 343.04 164.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 372.08 164.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 393.91 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.08 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.68 164.10 Td (day ) Tj ET Q q 0 0 0 rg BT 435.50 164.10 Td (such ) Tj ET Q q 0 0 0 rg BT 456.22 164.10 Td (options ) Tj ET Q q 0 0 0 rg BT 488.06 164.10 Td (were ) Tj ET Q q 0 0 0 rg BT 509.87 164.10 Td (granted. ) Tj ET Q q 0 0 0 rg BT 544.74 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 164.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.85 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.42 152.10 Td (options ) Tj ET Q q 0 0 0 rg BT 110.11 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.02 152.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 159.57 152.10 Td (using ) Tj ET Q q 0 0 0 rg BT 183.48 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.94 152.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 257.94 152.10 Td (option ) Tj ET Q q 0 0 0 rg BT 285.74 152.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 316.31 152.10 Td (model ) Tj ET Q q 0 0 0 rg BT 343.54 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.22 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.13 152.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 408.58 152.10 Td (over ) Tj ET Q q 0 0 0 rg BT 428.59 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.04 152.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 474.17 152.10 Td (period ) Tj ET Q q 0 0 0 rg BT 501.96 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.53 152.10 Td (each ) Tj ET Q q 0 0 0 rg BT 533.08 152.10 Td (tranche ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 140.10 Td (an ) Tj ET Q q 0 0 0 rg BT 81.72 140.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 116.97 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.25 140.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 176.95 140.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 234.99 140.10 Td (reserve. ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.67 704.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.39 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.22 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.93 704.10 Td (number ) Tj ET Q q 0 0 0 rg BT 156.98 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.81 704.10 Td (options ) Tj ET Q q 0 0 0 rg BT 199.76 704.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 248.92 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.09 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.92 704.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 664.6 m 481 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 664.6 m 561 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 649.6 m 481 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 649.6 m 561 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 589.6 m 481 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 574.6 m 481 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 589.6 m 561 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 574.6 m 561 574.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.20 683.27 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.40 669.28 Td (December) Tj ET Q q 0 0 0 rg BT 496.52 669.28 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 432.50 654.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 654.72 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 639.27 Td (Balance, beginning of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.15 639.28 Td (2,384,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 639.27 Td (2,155,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 624.27 Td (Granted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.65 624.28 Td (222,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 624.27 Td (405,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 609.27 Td (Exercised) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.30 609.28 Td (\(52,915) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.15 609.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 609.32 Td (\(83,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 609.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 594.27 Td (Forfeited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.15 594.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 594.32 Td (\(93,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 579.27 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.15 579.28 Td (2,553,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 579.27 Td (2,384,354) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (An ) Tj ET Q q 0 0 0 rg BT 64.22 551.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 98.94 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.77 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.49 551.10 Td (options ) Tj ET Q q 0 0 0 rg BT 156.43 551.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 205.60 551.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.32 551.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 273.90 551.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.90 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.40 551.10 Td (is ) Tj ET Q q 0 0 0 rg BT 305.57 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.40 551.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 515.6 m 196 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 515.6 m 290 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 515.6 m 381 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 515.6 m 490 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 515.6 m 561 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 333.6 m 290 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 333.6 m 381 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 318.6 m 290 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 318.6 m 381 318.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 520.27 Td (Grant date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.20 530.27 Td (Number of options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 520.27 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 520.27 Td (V) Tj ET Q q 0 0 0 rg BT 334.32 520.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 520.27 Td (Expiry date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.25 530.27 Td (Exercise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 520.27 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 505.27 Td (April 25, 201) Tj ET Q q 0 0 0 rg BT 163.92 505.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 505.27 Td (197,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 505.27 Td (197,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.85 505.27 Td (April 24, 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 505.27 Td (7.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 490.27 Td (June 10, 201) Tj ET Q q 0 0 0 rg BT 161.14 490.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 490.27 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 490.27 Td (50,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 490.27 Td (June 9, 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 490.27 Td (7.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 475.27 Td (December 6, 201) Tj ET Q q 0 0 0 rg BT 178.90 475.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 475.27 Td (170,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 475.27 Td (170,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.90 475.27 Td (December 6, 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 475.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 475.27 Td (6.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 460.27 Td (June 25, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 460.27 Td (153,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 460.27 Td (153,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 460.27 Td (June 24, 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 460.27 Td (7.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 445.27 Td (December 6, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 445.27 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 445.27 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.90 445.27 Td (December 6, 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 445.27 Td (8.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 430.27 Td (April 29, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 430.27 Td (265,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 430.27 Td (265,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.85 430.27 Td (April 29, 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 430.27 Td (14.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 415.27 Td (April 16, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 415.27 Td (160,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 415.27 Td (160,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.85 415.27 Td (April 16, 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 415.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 415.27 Td (12.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 400.27 Td (April 29, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 400.27 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 400.27 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.85 400.27 Td (April 29, 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 400.27 Td (12.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 385.27 Td (August 15, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 385.27 Td (334,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 385.27 Td (334,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.10 385.27 Td (August 15, 2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 385.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 385.27 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 371.22 Td (June 19, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 371.22 Td (355,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 371.22 Td (230,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 371.22 Td (June 19, 2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 371.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 371.22 Td (12.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 358.27 Td (March 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 358.27 Td (370,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 358.27 Td (1) Tj ET Q q 0 0 0 rg BT 349.65 358.27 Td (1) Tj ET Q q 0 0 0 rg BT 354.65 358.27 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.90 358.27 Td (March 28, 2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 358.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 358.27 Td (10.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.50 343.27 Td (September 6, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 343.27 Td (222,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 343.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 343.27 Td (September 6, 2029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 343.27 Td (8.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 323.27 Td (2,553,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 323.27 Td (1,948,189) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (During ) Tj ET Q q 0 0 0 rg BT 79.50 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.40 295.10 Td (year ) Tj ET Q q 0 0 0 rg BT 112.28 295.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 137.83 295.10 Td (December ) Tj ET Q q 0 0 0 rg BT 180.59 295.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.76 295.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.76 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.94 295.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 259.49 295.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 297.26 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.38 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 295.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 376.14 295.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 433.36 295.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 463.90 295.10 Td (included ) Tj ET Q q 0 0 0 rg BT 500.01 295.10 Td ($320,600 ) Tj ET Q q 0 0 0 rg BT 539.18 295.10 Td (\(2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (- ) Tj ET Q q 0 0 0 rg BT 55.65 283.10 Td ($528,000\) ) Tj ET Q q 0 0 0 rg BT 99.30 283.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 132.67 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.27 283.10 Td (option ) Tj ET Q q 0 0 0 rg BT 171.64 283.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 209.17 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.37 283.10 Td (As ) Tj ET Q q 0 0 0 rg BT 225.30 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.46 283.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 295.36 283.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.36 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.68 283.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 377.37 283.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 416.29 283.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 474.65 283.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 509.68 283.10 Td (related ) Tj ET Q q 0 0 0 rg BT 539.70 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 283.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 97.97 271.10 Td (options ) Tj ET Q q 0 0 0 rg BT 129.22 271.10 Td (was ) Tj ET Q q 0 0 0 rg BT 146.57 271.10 Td ($261,300 ) Tj ET Q q 0 0 0 rg BT 185.87 271.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.20 271.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 247.09 271.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.09 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.89 271.10 Td (- ) Tj ET Q q 0 0 0 rg BT 274.02 271.10 Td ($395,700\), ) Tj ET Q q 0 0 0 rg BT 319.15 271.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.39 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.87 271.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 391.20 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.78 271.10 Td (be ) Tj ET Q q 0 0 0 rg BT 412.02 271.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 457.68 271.10 Td (over ) Tj ET Q q 0 0 0 rg BT 477.25 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.27 271.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 533.62 271.10 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (During ) Tj ET Q q 0 0 0 rg BT 79.73 235.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.85 235.10 Td (year ) Tj ET Q q 0 0 0 rg BT 112.96 235.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.84 235.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.74 235.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.73 235.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.73 235.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.13 235.10 Td (52,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.63 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.54 235.10 Td (options ) Tj ET Q q 0 0 0 rg BT 281.89 235.10 Td (were ) Tj ET Q q 0 0 0 rg BT 303.22 235.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 342.88 235.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 368.11 235.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.35 235.10 Td (83,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.85 235.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 406.08 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.64 235.10 Td (total ) Tj ET Q q 0 0 0 rg BT 439.32 235.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.99 235.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 514.77 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.00 235.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 235.10 Td (285,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 75.09 223.10 Td (- ) Tj ET Q q 0 0 0 rg BT 80.68 223.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.68 223.10 Td (571,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.18 223.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 126.27 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.53 223.10 Td (On ) Tj ET Q q 0 0 0 rg BT 143.02 223.10 Td (exercise, ) Tj ET Q q 0 0 0 rg BT 180.53 223.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.01 223.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 247.80 223.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.05 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.09 223.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 339.55 223.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 397.35 223.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 428.48 223.10 Td (related ) Tj ET Q q 0 0 0 rg BT 457.94 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.98 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.46 223.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 522.47 223.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.18 223.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 211.10 Td (1) Tj ET Q q 0 0 0 rg BT 59.13 211.10 Td (18,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.63 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.72 211.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 116.15 211.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.58 211.10 Td ($169,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.08 211.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 166.50 211.10 Td (was ) Tj ET Q q 0 0 0 rg BT 185.15 211.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 231.55 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.42 211.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 282.75 211.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 308.61 211.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 338.36 211.10 Td (\(Common ) Tj ET Q q 0 0 0 rg BT 382.01 211.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 407.87 211.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 437.62 211.10 Td (was ) Tj ET Q q 0 0 0 rg BT 456.27 211.10 Td (also ) Tj ET Q q 0 0 0 rg BT 475.47 211.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 516.32 211.10 Td (by ) Tj ET Q q 0 0 0 rg BT 529.42 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.73 211.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.46 199.10 Td (received ) Tj ET Q q 0 0 0 rg BT 141.40 199.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 163.49 199.10 Td (exercise\). ) Tj ET Q q 0 0 0 rg BT 204.15 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.24 199.10 Td (For ) Tj ET Q q 0 0 0 rg BT 222.21 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.51 199.10 Td (options ) Tj ET Q q 0 0 0 rg BT 268.05 199.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 307.88 199.10 Td (during ) Tj ET Q q 0 0 0 rg BT 336.08 199.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.38 199.10 Td (year ) Tj ET Q q 0 0 0 rg BT 369.67 199.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.55 199.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.63 199.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 453.80 199.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 199.10 Td (, ) Tj ET Q q 0 0 0 rg BT 478.38 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.68 199.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.42 199.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (share ) Tj ET Q q 0 0 0 rg BT 73.10 187.10 Td (price ) Tj ET Q q 0 0 0 rg BT 95.58 187.10 Td (at ) Tj ET Q q 0 0 0 rg BT 105.30 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.02 187.10 Td (date ) Tj ET Q q 0 0 0 rg BT 139.17 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.00 187.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 185.26 187.10 Td (was ) Tj ET Q q 0 0 0 rg BT 203.31 187.10 Td ($10.56 ) Tj ET Q q 0 0 0 rg BT 233.31 187.10 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 259.14 187.10 Td (- ) Tj ET Q q 0 0 0 rg BT 264.97 187.10 Td ($1) Tj ET Q q 0 0 0 rg BT 274.60 187.10 Td (1.20\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.42 163.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 121.42 163.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.42 163.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.84 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.97 163.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 201.54 163.10 Td (average ) Tj ET Q q 0 0 0 rg BT 235.54 163.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 271.22 163.10 Td (price ) Tj ET Q q 0 0 0 rg BT 294.12 163.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.71 163.10 Td ($10.40 ) Tj ET Q q 0 0 0 rg BT 334.12 163.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.45 163.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.46 163.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.46 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.37 163.10 Td (- ) Tj ET Q q 0 0 0 rg BT 425.62 163.10 Td ($10.43\) ) Tj ET Q q 0 0 0 rg BT 459.37 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.72 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.86 163.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.43 163.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 91.34 151.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 137.05 151.10 Td (life ) Tj ET Q q 0 0 0 rg BT 151.68 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.63 151.10 Td (all ) Tj ET Q q 0 0 0 rg BT 175.92 151.10 Td (options ) Tj ET Q q 0 0 0 rg BT 206.67 151.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 254.63 151.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.60 151.10 Td (5.6 ) Tj ET Q q 0 0 0 rg BT 276.39 151.10 Td (years ) Tj ET Q q 0 0 0 rg BT 298.79 151.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.12 151.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 359.50 151.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.79 151.10 Td (- ) Tj ET Q q 0 0 0 rg BT 385.42 151.10 Td (6.1 ) Tj ET Q q 0 0 0 rg BT 399.22 151.10 Td (years\). ) Tj ET Q q 0 0 0 rg BT 427.44 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.64 151.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.49 151.10 Td (1,948,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.49 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.78 151.10 Td (options ) Tj ET Q q 0 0 0 rg BT 517.53 151.10 Td (exercisable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.22 139.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 117.80 139.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.80 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.30 139.10 Td (have ) Tj ET Q q 0 0 0 rg BT 161.68 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.62 139.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 207.77 139.10 Td (average ) Tj ET Q q 0 0 0 rg BT 241.36 139.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 276.61 139.10 Td (price ) Tj ET Q q 0 0 0 rg BT 299.09 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.92 139.10 Td ($10.39 ) Tj ET Q q 0 0 0 rg BT 339.92 139.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.25 139.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 401.84 139.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.84 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.34 139.10 Td (- ) Tj ET Q q 0 0 0 rg BT 430.17 139.10 Td (1,643,354 ) Tj ET Q q 0 0 0 rg BT 472.67 139.10 Td (options ) Tj ET Q q 0 0 0 rg BT 504.62 139.10 Td (at ) Tj ET Q q 0 0 0 rg BT 514.33 139.10 Td ($10.07\). ) Tj ET Q q 0 0 0 rg BT 550.16 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.58 115.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.78 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.65 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.40 115.10 Td (options ) Tj ET Q q 0 0 0 rg BT 144.39 115.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 175.91 115.10 Td (during ) Tj ET Q q 0 0 0 rg BT 203.56 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.31 115.10 Td (period ) Tj ET Q q 0 0 0 rg BT 244.40 115.10 Td (was ) Tj ET Q q 0 0 0 rg BT 261.49 115.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 308.01 115.10 Td (using ) Tj ET Q q 0 0 0 rg BT 331.21 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.97 115.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 404.27 115.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 433.59 115.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 464.01 115.10 Td (model ) Tj ET Q q 0 0 0 rg BT 490.54 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 509.86 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 115.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (assumptions:) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I37 Do Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 303.35 681.8333984375 m 378.613671875 681.8333984375 l s q 0 0 0 rg BT 303.35 683.17 Td (September 6, 2019) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 406.2 681.8333984375 m 469.7986328125 681.8333984375 l s q 0 0 0 rg BT 406.20 683.17 Td (March 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 668.17 Td (Number of options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.75 668.17 Td (222,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.75 668.17 Td (405,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 653.17 Td (W) Tj ET Q q 0 0 0 rg BT 140.54 653.17 Td (eighted average share price at date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.75 653.17 Td ($8.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.25 653.17 Td ($10.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 638.17 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 638.17 Td (27% - 28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 638.17 Td (30% - 32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 623.17 Td (Expected life \(years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.80 623.17 Td (7 - 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.80 623.17 Td (7 - 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 608.17 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.05 608.17 Td (7.04%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 608.17 Td (7.40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 593.17 Td (Risk-free interest rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.05 593.17 Td (1.19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 593.17 Td (2.05%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 579.07 Td (W) Tj ET Q q 0 0 0 rg BT 140.14 579.07 Td (eighted average fair value of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.50 569.07 Td (options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.75 570.17 Td ($0.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.75 570.17 Td ($1.23) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.16 542.00 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 105.13 542.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.23 542.00 Td (was ) Tj ET Q q 0 0 0 rg BT 141.89 542.00 Td (based ) Tj ET Q q 0 0 0 rg BT 167.77 542.00 Td (on ) Tj ET Q q 0 0 0 rg BT 180.88 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 196.21 542.00 Td (Government ) Tj ET Q q 0 0 0 rg BT 249.30 542.00 Td (of ) Tj ET Q q 0 0 0 rg BT 260.75 542.00 Td (Canada ) Tj ET Q q 0 0 0 rg BT 293.84 542.00 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 341.38 542.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 364.49 542.00 Td (yield ) Tj ET Q q 0 0 0 rg BT 387.59 542.00 Td (on ) Tj ET Q q 0 0 0 rg BT 400.70 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 416.03 542.00 Td (date ) Tj ET Q q 0 0 0 rg BT 435.79 542.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.23 542.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 470.89 542.00 Td (for ) Tj ET Q q 0 0 0 rg BT 485.66 542.00 Td (a ) Tj ET Q q 0 0 0 rg BT 493.21 542.00 Td (term ) Tj ET Q q 0 0 0 rg BT 514.65 542.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 539.41 542.00 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 542.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.04 530.00 Td (life ) Tj ET Q q 0 0 0 rg BT 104.38 530.00 Td (of ) Tj ET Q q 0 0 0 rg BT 115.72 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.95 530.00 Td (options. ) Tj ET Q q 0 0 0 rg BT 165.91 530.00 Td (Expected ) Tj ET Q q 0 0 0 rg BT 206.13 530.00 Td (volatility ) Tj ET Q q 0 0 0 rg BT 245.25 530.00 Td (was ) Tj ET Q q 0 0 0 rg BT 263.81 530.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 311.80 530.00 Td (by ) Tj ET Q q 0 0 0 rg BT 324.81 530.00 Td (calculating ) Tj ET Q q 0 0 0 rg BT 371.69 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 386.92 530.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 427.14 530.00 Td (volatility ) Tj ET Q q 0 0 0 rg BT 466.26 530.00 Td (of ) Tj ET Q q 0 0 0 rg BT 477.61 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.83 530.00 Td (Company) Tj ET Q q 0 0 0 rg BT 534.50 530.00 Td (s ) Tj ET Q q 0 0 0 rg BT 541.40 530.00 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (price ) Tj ET Q q 0 0 0 rg BT 71.84 518.00 Td (over ) Tj ET Q q 0 0 0 rg BT 91.96 518.00 Td (a ) Tj ET Q q 0 0 0 rg BT 98.75 518.00 Td (period ) Tj ET Q q 0 0 0 rg BT 126.65 518.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 150.66 518.00 Td (to ) Tj ET Q q 0 0 0 rg BT 160.79 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.36 518.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 213.24 518.00 Td (life ) Tj ET Q q 0 0 0 rg BT 228.92 518.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.60 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.17 518.00 Td (options. ) Tj ET Q q 0 0 0 rg BT 288.30 518.00 Td (The ) Tj ET Q q 0 0 0 rg BT 306.20 518.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 344.09 518.00 Td (life ) Tj ET Q q 0 0 0 rg BT 359.76 518.00 Td (was ) Tj ET Q q 0 0 0 rg BT 377.67 518.00 Td (based ) Tj ET Q q 0 0 0 rg BT 402.79 518.00 Td (on ) Tj ET Q q 0 0 0 rg BT 415.14 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.71 518.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 476.48 518.00 Td (life ) Tj ET Q q 0 0 0 rg BT 492.16 518.00 Td (of ) Tj ET Q q 0 0 0 rg BT 502.84 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.41 518.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 548.09 518.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.00 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 87.83 506.00 Td (based ) Tj ET Q q 0 0 0 rg BT 113.09 506.00 Td (on ) Tj ET Q q 0 0 0 rg BT 125.59 506.00 Td (management) Tj ET Q q 0 0 0 rg BT 179.46 506.00 Td (s ) Tj ET Q q 0 0 0 rg BT 185.85 506.00 Td (best ) Tj ET Q q 0 0 0 rg BT 204.46 506.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 240.28 506.00 Td (and ) Tj ET Q q 0 0 0 rg BT 257.22 506.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 296.93 506.00 Td (redemption ) Tj ET Q q 0 0 0 rg BT 344.97 506.00 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 482.00 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 129.08 482.00 Td (Option ) Tj ET Q q 0 0 0 rg BT 159.99 482.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 192.00 482.00 Td (Model ) Tj ET Q q 0 0 0 rg BT 221.25 482.00 Td (was ) Tj ET Q q 0 0 0 rg BT 239.93 482.00 Td (developed ) Tj ET Q q 0 0 0 rg BT 284.16 482.00 Td (for ) Tj ET Q q 0 0 0 rg BT 298.95 482.00 Td (use ) Tj ET Q q 0 0 0 rg BT 315.41 482.00 Td (in ) Tj ET Q q 0 0 0 rg BT 326.32 482.00 Td (estimating ) Tj ET Q q 0 0 0 rg BT 371.11 482.00 Td (the ) Tj ET Q q 0 0 0 rg BT 386.46 482.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 403.47 482.00 Td (value ) Tj ET Q q 0 0 0 rg BT 428.26 482.00 Td (of ) Tj ET Q q 0 0 0 rg BT 439.72 482.00 Td (traded ) Tj ET Q q 0 0 0 rg BT 467.84 482.00 Td (options, ) Tj ET Q q 0 0 0 rg BT 502.92 482.00 Td (which ) Tj ET Q q 0 0 0 rg BT 530.49 482.00 Td (have ) Tj ET Q q 0 0 0 rg BT 552.50 482.00 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.00 Td (black-out ) Tj ET Q q 0 0 0 rg BT 89.87 470.00 Td (or ) Tj ET Q q 0 0 0 rg BT 100.80 470.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 132.29 470.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 179.33 470.00 Td (and ) Tj ET Q q 0 0 0 rg BT 196.37 470.00 Td (are ) Tj ET Q q 0 0 0 rg BT 211.18 470.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 232.67 470.00 Td (transferable. ) Tj ET Q q 0 0 0 rg BT 284.97 470.00 Td (In ) Tj ET Q q 0 0 0 rg BT 295.90 470.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 333.78 470.00 Td (the ) Tj ET Q q 0 0 0 rg BT 348.60 470.00 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 408.97 470.00 Td (Option ) Tj ET Q q 0 0 0 rg BT 439.35 470.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 470.84 470.00 Td (Model ) Tj ET Q q 0 0 0 rg BT 499.56 470.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 534.37 470.00 Td (the ) Tj ET Q q 0 0 0 rg BT 549.19 470.00 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 458.00 Td (subjective ) Tj ET Q q 0 0 0 rg BT 103.79 458.00 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 158.45 458.00 Td (including ) Tj ET Q q 0 0 0 rg BT 198.93 458.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.86 458.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 252.10 458.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.92 458.00 Td (price ) Tj ET Q q 0 0 0 rg BT 298.62 458.00 Td (volatility) Tj ET Q q 0 0 0 rg BT 334.08 458.00 Td (. ) Tj ET Q q 0 0 0 rg BT 338.69 458.00 Td (As ) Tj ET Q q 0 0 0 rg BT 352.51 458.00 Td (a ) Tj ET Q q 0 0 0 rg BT 359.66 458.00 Td (result ) Tj ET Q q 0 0 0 rg BT 384.59 458.00 Td (of ) Tj ET Q q 0 0 0 rg BT 395.63 458.00 Td (the ) Tj ET Q q 0 0 0 rg BT 410.55 458.00 Td (Company) Tj ET Q q 0 0 0 rg BT 452.22 458.00 Td (s ) Tj ET Q q 0 0 0 rg BT 458.82 458.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 484.31 458.00 Td (Option ) Tj ET Q q 0 0 0 rg BT 514.80 458.00 Td (Plan ) Tj ET Q q 0 0 0 rg BT 535.28 458.00 Td (having ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.00 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 108.63 446.00 Td (dif) Tj ET Q q 0 0 0 rg BT 119.56 446.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 144.82 446.00 Td (from ) Tj ET Q q 0 0 0 rg BT 166.20 446.00 Td (those ) Tj ET Q q 0 0 0 rg BT 189.25 446.00 Td (of ) Tj ET Q q 0 0 0 rg BT 199.52 446.00 Td (traded ) Tj ET Q q 0 0 0 rg BT 226.45 446.00 Td (options, ) Tj ET Q q 0 0 0 rg BT 260.34 446.00 Td (and ) Tj ET Q q 0 0 0 rg BT 276.72 446.00 Td (because ) Tj ET Q q 0 0 0 rg BT 310.31 446.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 344.46 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 354.18 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.34 446.00 Td (subjective ) Tj ET Q q 0 0 0 rg BT 410.82 446.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 462.21 446.00 Td (can ) Tj ET Q q 0 0 0 rg BT 478.03 446.00 Td (have ) Tj ET Q q 0 0 0 rg BT 498.85 446.00 Td (a ) Tj ET Q q 0 0 0 rg BT 505.23 446.00 Td (material ) Tj ET Q q 0 0 0 rg BT 539.93 446.00 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 446.00 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.00 Td (on ) Tj ET Q q 0 0 0 rg BT 61.51 434.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.73 434.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.61 434.00 Td (value ) Tj ET Q q 0 0 0 rg BT 115.27 434.00 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 156.99 434.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.21 434.00 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 230.98 434.00 Td (Option ) Tj ET Q q 0 0 0 rg BT 260.77 434.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 291.66 434.00 Td (model ) Tj ET Q q 0 0 0 rg BT 318.66 434.00 Td (does ) Tj ET Q q 0 0 0 rg BT 339.00 434.00 Td (not ) Tj ET Q q 0 0 0 rg BT 353.78 434.00 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 400.21 434.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 432.76 434.00 Td (a ) Tj ET Q q 0 0 0 rg BT 439.21 434.00 Td (single ) Tj ET Q q 0 0 0 rg BT 465.10 434.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 500.42 434.00 Td (of ) Tj ET Q q 0 0 0 rg BT 510.76 434.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.98 434.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 434.00 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 422.00 Td (options ) Tj ET Q q 0 0 0 rg BT 92.28 422.00 Td (granted.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 396.6669921875 m 150.5009765625 396.6669921875 l s q 0 0 0 rg BT 49.50 398.00 Td (\(b\) Restricted shar) Tj ET Q q 0 0 0 rg BT 124.11 398.00 Td (e units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 92.46 386.00 Td (share ) Tj ET Q q 0 0 0 rg BT 115.98 386.00 Td (units ) Tj ET Q q 0 0 0 rg BT 137.84 386.00 Td (\(RSUs\) ) Tj ET Q q 0 0 0 rg BT 170.27 386.00 Td (typically ) Tj ET Q q 0 0 0 rg BT 207.68 386.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 226.20 386.00 Td (one ) Tj ET Q q 0 0 0 rg BT 243.06 386.00 Td (year ) Tj ET Q q 0 0 0 rg BT 262.69 386.00 Td (from ) Tj ET Q q 0 0 0 rg BT 284.54 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 299.18 386.00 Td (date ) Tj ET Q q 0 0 0 rg BT 318.25 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.00 386.00 Td (issue, ) Tj ET Q q 0 0 0 rg BT 353.92 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 368.54 386.00 Td (to ) Tj ET Q q 0 0 0 rg BT 378.74 386.00 Td (be ) Tj ET Q q 0 0 0 rg BT 390.60 386.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 419.12 386.00 Td (by ) Tj ET Q q 0 0 0 rg BT 431.54 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.17 386.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 468.59 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 479.34 386.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 518.99 386.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 548.06 386.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 77.32 374.00 Td (in ) Tj ET Q q 0 0 0 rg BT 87.93 374.00 Td (ten ) Tj ET Q q 0 0 0 rg BT 102.98 374.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 129.42 374.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 155.60 374.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 188.42 374.00 Td (are ) Tj ET Q q 0 0 0 rg BT 203.46 374.00 Td (in ) Tj ET Q q 0 0 0 rg BT 214.07 374.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 245.22 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 256.38 374.00 Td (future ) Tj ET Q q 0 0 0 rg BT 283.10 374.00 Td (services ) Tj ET Q q 0 0 0 rg BT 318.14 374.00 Td (and ) Tj ET Q q 0 0 0 rg BT 335.41 374.00 Td (are ) Tj ET Q q 0 0 0 rg BT 350.45 374.00 Td (expensed ) Tj ET Q q 0 0 0 rg BT 390.49 374.00 Td (over ) Tj ET Q q 0 0 0 rg BT 411.10 374.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.15 374.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 457.87 374.00 Td (period ) Tj ET Q q 0 0 0 rg BT 486.25 374.00 Td (with ) Tj ET Q q 0 0 0 rg BT 506.86 374.00 Td (an ) Tj ET Q q 0 0 0 rg BT 519.14 374.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.72 374.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.00 Td (share-based ) Tj ET Q q 0 0 0 rg BT 99.31 362.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 157.46 362.00 Td (reserve. ) Tj ET Q q 0 0 0 rg BT 191.44 362.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 251.83 362.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 270.54 362.00 Td (is ) Tj ET Q q 0 0 0 rg BT 279.83 362.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 320.75 362.00 Td (based ) Tj ET Q q 0 0 0 rg BT 346.13 362.00 Td (on ) Tj ET Q q 0 0 0 rg BT 358.74 362.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.57 362.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 412.84 362.00 Td (average ) Tj ET Q q 0 0 0 rg BT 446.53 362.00 Td (market ) Tj ET Q q 0 0 0 rg BT 476.91 362.00 Td (price ) Tj ET Q q 0 0 0 rg BT 499.51 362.00 Td (of ) Tj ET Q q 0 0 0 rg BT 510.45 362.00 Td (the ) Tj ET Q q 0 0 0 rg BT 525.28 362.00 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 79.15 350.00 Td (for ) Tj ET Q q 0 0 0 rg BT 93.80 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.01 350.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 122.00 350.00 Td (days ) Tj ET Q q 0 0 0 rg BT 143.32 350.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 165.75 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.52 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 350.00 Td (date ) Tj ET Q q 0 0 0 rg BT 211.37 350.00 Td (of ) Tj ET Q q 0 0 0 rg BT 222.69 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.90 350.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 261.44 350.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.76 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.97 350.00 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 316.80 350.00 Td (which ) Tj ET Q q 0 0 0 rg BT 344.23 350.00 Td (was ) Tj ET Q q 0 0 0 rg BT 362.77 350.00 Td ($10.14 ) Tj ET Q q 0 0 0 rg BT 393.26 350.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 419.59 350.00 Td (- ) Tj ET Q q 0 0 0 rg BT 425.91 350.00 Td ($10.96\). ) Tj ET Q q 0 0 0 rg BT 462.23 350.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 496.88 350.00 Td (of ) Tj ET Q q 0 0 0 rg BT 508.20 350.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 534.53 350.00 Td (are ) Tj ET Q q 0 0 0 rg BT 549.73 350.00 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 81.99 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 92.27 338.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 133.66 338.00 Td (before ) Tj ET Q q 0 0 0 rg BT 161.69 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 176.41 338.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 202.25 338.00 Td (are ) Tj ET Q q 0 0 0 rg BT 216.96 338.00 Td (exercised.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 338.00 Td ( ) Tj ET Q q 0 0 0 rg BT 259.71 338.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.00 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 319.00 Td ( ) Tj ET Q q 0 0 0 rg BT 58.67 319.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.39 319.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.22 319.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.93 319.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 149.78 319.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 198.94 319.00 Td (is ) Tj ET Q q 0 0 0 rg BT 208.11 319.00 Td (as ) Tj ET Q q 0 0 0 rg BT 218.94 319.00 Td (follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 279.5 m 479 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 279.5 m 561 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 264.5 m 479 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 264.5 m 561 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 219.5 m 479 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 204.5 m 479 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 219.5 m 561 219.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 204.5 m 561 204.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.20 298.17 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.40 284.23 Td (December) Tj ET Q q 0 0 0 rg BT 495.62 284.23 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.50 269.73 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 269.62 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 254.17 Td (Balance, beginning of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 254.18 Td (44,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 254.17 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 239.17 Td (Granted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 239.18 Td (44,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 239.17 Td (44,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 224.17 Td (Exercised) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.30 224.18 Td (\(44,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 224.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 224.22 Td (\(70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 224.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 209.17 Td (Balance, end of year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 209.18 Td (44,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 209.17 Td (44,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.00 Td (During ) Tj ET Q q 0 0 0 rg BT 80.44 181.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.26 181.00 Td (year ) Tj ET Q q 0 0 0 rg BT 115.08 181.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.95 181.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.56 181.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.25 181.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.25 181.00 Td (, ) Tj ET Q q 0 0 0 rg BT 225.36 181.00 Td (personnel ) Tj ET Q q 0 0 0 rg BT 266.84 181.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 305.55 181.00 Td (and ) Tj ET Q q 0 0 0 rg BT 322.60 181.00 Td (share-based ) Tj ET Q q 0 0 0 rg BT 372.40 181.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 430.55 181.00 Td (reserve ) Tj ET Q q 0 0 0 rg BT 462.02 181.00 Td (included ) Tj ET Q q 0 0 0 rg BT 499.07 181.00 Td ($375,200 ) Tj ET Q q 0 0 0 rg BT 539.17 181.00 Td (\(2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (- ) Tj ET Q q 0 0 0 rg BT 56.04 169.00 Td ($566,000\) ) Tj ET Q q 0 0 0 rg BT 100.07 169.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 133.82 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 144.80 169.00 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 173.85 169.00 Td (During ) Tj ET Q q 0 0 0 rg BT 205.39 169.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.81 169.00 Td (year ) Tj ET Q q 0 0 0 rg BT 241.22 169.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.10 169.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.31 169.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 327.60 169.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.60 169.00 Td (, ) Tj ET Q q 0 0 0 rg BT 353.30 169.00 Td (an ) Tj ET Q q 0 0 0 rg BT 365.95 169.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 408.01 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 419.55 169.00 Td (44,000 ) Tj ET Q q 0 0 0 rg BT 450.25 169.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 476.80 169.00 Td (were ) Tj ET Q q 0 0 0 rg BT 499.44 169.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 532.63 169.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 559.17 169.00 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.00 Td (44,000\) ) Tj ET Q q 0 0 0 rg BT 82.91 157.00 Td (to ) Tj ET Q q 0 0 0 rg BT 93.27 157.00 Td (directors. ) Tj ET Q q 0 0 0 rg BT 135.84 157.00 Td (During ) Tj ET Q q 0 0 0 rg BT 166.76 157.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.56 157.00 Td (year ) Tj ET Q q 0 0 0 rg BT 201.35 157.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.22 157.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.81 157.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 286.47 157.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.47 157.00 Td (, ) Tj ET Q q 0 0 0 rg BT 311.56 157.00 Td (44,000 ) Tj ET Q q 0 0 0 rg BT 341.64 157.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 367.57 157.00 Td (were ) Tj ET Q q 0 0 0 rg BT 389.58 157.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 429.92 157.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 455.83 157.00 Td (- ) Tj ET Q q 0 0 0 rg BT 461.74 157.00 Td (70,000\). ) Tj ET Q q 0 0 0 rg BT 497.65 157.00 Td (On ) Tj ET Q q 0 0 0 rg BT 512.46 157.00 Td (exercise, ) Tj ET Q q 0 0 0 rg BT 550.30 157.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 103.14 145.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.79 145.00 Td (in ) Tj ET Q q 0 0 0 rg BT 147.68 145.00 Td (share-based ) Tj ET Q q 0 0 0 rg BT 198.00 145.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 256.65 145.00 Td (reserve ) Tj ET Q q 0 0 0 rg BT 288.64 145.00 Td (related ) Tj ET Q q 0 0 0 rg BT 318.95 145.00 Td (to ) Tj ET Q q 0 0 0 rg BT 329.85 145.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.18 145.00 Td (RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.64 145.00 Td (of ) Tj ET Q q 0 0 0 rg BT 383.08 145.00 Td ($482,200 ) Tj ET Q q 0 0 0 rg BT 423.70 145.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 450.14 145.00 Td (- ) Tj ET Q q 0 0 0 rg BT 456.59 145.00 Td ($806,200\) ) Tj ET Q q 0 0 0 rg BT 500.54 145.00 Td (was ) Tj ET Q q 0 0 0 rg BT 519.20 145.00 Td (transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.00 Td (from ) Tj ET Q q 0 0 0 rg BT 71.07 133.00 Td (reserve ) Tj ET Q q 0 0 0 rg BT 102.07 133.00 Td (to ) Tj ET Q q 0 0 0 rg BT 111.98 133.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 151.34 133.00 Td (Share ) Tj ET Q q 0 0 0 rg BT 176.24 133.00 Td (capital. ) Tj ET Q q 0 0 0 rg BT 207.52 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 209.65 133.00 Td ( ) Tj ET Q q 0 0 0 rg BT 211.78 133.00 Td (For ) Tj ET Q q 0 0 0 rg BT 227.80 133.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.15 133.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 267.63 133.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 307.51 133.00 Td (during ) Tj ET Q q 0 0 0 rg BT 335.75 133.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.10 133.00 Td (year ) Tj ET Q q 0 0 0 rg BT 369.44 133.00 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.32 133.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 133.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 453.66 133.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.66 133.00 Td (, ) Tj ET Q q 0 0 0 rg BT 478.29 133.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.64 133.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.43 133.00 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.00 Td (share ) Tj ET Q q 0 0 0 rg BT 73.18 121.00 Td (price ) Tj ET Q q 0 0 0 rg BT 95.75 121.00 Td (at ) Tj ET Q q 0 0 0 rg BT 105.56 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.36 121.00 Td (date ) Tj ET Q q 0 0 0 rg BT 139.60 121.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.52 121.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 185.85 121.00 Td (was ) Tj ET Q q 0 0 0 rg BT 203.99 121.00 Td ($1) Tj ET Q q 0 0 0 rg BT 213.62 121.00 Td (1.10 ) Tj ET Q q 0 0 0 rg BT 233.71 121.00 Td (\(2018 ) Tj ET Q q 0 0 0 rg BT 259.62 121.00 Td (- ) Tj ET Q q 0 0 0 rg BT 265.54 121.00 Td ($10.48\). ) Tj ET Q q 0 0 0 rg BT 301.45 121.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.47 121.00 Td (As ) Tj ET Q q 0 0 0 rg BT 317.17 121.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.08 121.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 386.75 121.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.75 121.00 Td (, ) Tj ET Q q 0 0 0 rg BT 411.84 121.00 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 468.28 121.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 506.97 121.00 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 83.59 109.00 Td (related ) Tj ET Q q 0 0 0 rg BT 112.68 109.00 Td (to ) Tj ET Q q 0 0 0 rg BT 122.34 109.00 Td (non-vested ) Tj ET Q q 0 0 0 rg BT 168.10 109.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 193.33 109.00 Td (was ) Tj ET Q q 0 0 0 rg BT 210.76 109.00 Td ($185,900 ) Tj ET Q q 0 0 0 rg BT 250.15 109.00 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.48 109.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 311.45 109.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.45 109.00 Td ( ) Tj ET Q q 0 0 0 rg BT 333.33 109.00 Td (- ) Tj ET Q q 0 0 0 rg BT 338.54 109.00 Td ($1) Tj ET Q q 0 0 0 rg BT 348.17 109.00 Td (15,000\). ) Tj ET Q q 0 0 0 rg BT 383.39 109.00 Td ( ) Tj ET Q q 0 0 0 rg BT 385.13 109.00 Td (The ) Tj ET Q q 0 0 0 rg BT 402.56 109.00 Td (oustanding ) Tj ET Q q 0 0 0 rg BT 448.33 109.00 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 473.56 109.00 Td (at ) Tj ET Q q 0 0 0 rg BT 482.66 109.00 Td (December ) Tj ET Q q 0 0 0 rg BT 525.63 109.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.02 109.00 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.00 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 97.00 Td (not ) Tj ET Q q 0 0 0 rg BT 86.16 97.00 Td (yet ) Tj ET Q q 0 0 0 rg BT 100.87 97.00 Td (vested.) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I38 Do Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 691.75 Td (22. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 691.75 Td (DIVIDENDS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 679.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.49 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 92.71 679.75 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 141.82 679.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 183.14 679.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 208.91 679.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 240.23 679.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 259.32 679.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 281.76 679.75 Td (12\(a\) ) Tj ET Q q 0 0 0 rg BT 305.86 679.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.19 679.75 Td (Borr) Tj ET Q q 0 0 0 rg BT 330.71 679.75 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.05 679.75 Td (\), ) Tj ET Q q 0 0 0 rg BT 367.88 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 383.10 679.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 426.65 679.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 459.64 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 470.97 679.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.74 679.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 533.63 679.75 Td (\(and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.12 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 78.97 667.75 Td (any ) Tj ET Q q 0 0 0 rg BT 95.93 667.75 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 145.64 667.75 Td (under ) Tj ET Q q 0 0 0 rg BT 170.92 667.75 Td (normal ) Tj ET Q q 0 0 0 rg BT 201.76 667.75 Td (course ) Tj ET Q q 0 0 0 rg BT 230.38 667.75 Td (issuer ) Tj ET Q q 0 0 0 rg BT 256.23 667.75 Td (bids\) ) Tj ET Q q 0 0 0 rg BT 278.74 667.75 Td (that ) Tj ET Q q 0 0 0 rg BT 296.25 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.99 667.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.39 667.75 Td (can ) Tj ET Q q 0 0 0 rg BT 368.78 667.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 385.74 667.75 Td (in ) Tj ET Q q 0 0 0 rg BT 396.03 667.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 426.86 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.71 667.75 Td (a ) Tj ET Q q 0 0 0 rg BT 444.66 667.75 Td (month ) Tj ET Q q 0 0 0 rg BT 472.74 667.75 Td (is ) Tj ET Q q 0 0 0 rg BT 481.92 667.75 Td (1/12 ) Tj ET Q q 0 0 0 rg BT 502.22 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 513.06 667.75 Td (90% ) Tj ET Q q 0 0 0 rg BT 533.91 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 544.75 667.75 Td (Free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.75 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.37 655.75 Td (Flow ) Tj ET Q q 0 0 0 rg BT 93.80 655.75 Td (for ) Tj ET Q q 0 0 0 rg BT 107.34 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 121.42 655.75 Td (most ) Tj ET Q q 0 0 0 rg BT 142.74 655.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 176.82 655.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 220.34 655.75 Td (four ) Tj ET Q q 0 0 0 rg BT 238.87 655.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.72 655.75 Td (quarters ) Tj ET Q q 0 0 0 rg BT 309.80 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 319.45 655.75 Td (which ) Tj ET Q q 0 0 0 rg BT 345.76 655.75 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 393.75 655.75 Td (has ) Tj ET Q q 0 0 0 rg BT 408.95 655.75 Td (publicly ) Tj ET Q q 0 0 0 rg BT 443.59 655.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 463.79 655.75 Td (its ) Tj ET Q q 0 0 0 rg BT 475.11 655.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 655.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.00 643.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 137.39 643.75 Td (its ) Tj ET Q q 0 0 0 rg BT 149.12 643.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 178.06 643.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.89 643.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.15 643.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.65 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 322.71 643.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 353.31 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.93 643.75 Td (a ) Tj ET Q q 0 0 0 rg BT 370.65 643.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 397.38 643.75 Td (quarter\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.81 643.75 Td (Free ) Tj ET Q q 0 0 0 rg BT 453.86 643.75 Td (Cash ) Tj ET Q q 0 0 0 rg BT 476.15 643.75 Td (Flow ) Tj ET Q q 0 0 0 rg BT 498.99 643.75 Td (is ) Tj ET Q q 0 0 0 rg BT 507.95 643.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 540.22 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 643.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.75 Td (MD&A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 607.75 Td (following ) Tj ET Q q 0 0 0 rg BT 109.38 607.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 150.99 607.75 Td (were ) Tj ET Q q 0 0 0 rg BT 173.14 607.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 193.08 607.75 Td (to ) Tj ET Q q 0 0 0 rg BT 203.59 607.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 243.54 607.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 298.47 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.63 607.75 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 374.43 607.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 416.59 607.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 448.75 607.75 Td (\(included ) Tj ET Q q 0 0 0 rg BT 489.24 607.75 Td (as ) Tj ET Q q 0 0 0 rg BT 500.29 607.75 Td (non-controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.75 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 84.76 595.75 Td (during ) Tj ET Q q 0 0 0 rg BT 113.37 595.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.09 595.75 Td (year ) Tj ET Q q 0 0 0 rg BT 147.80 595.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.67 595.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 595.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.76 595.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 595.75 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 352.75 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 560.25 m 254 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 560.25 m 394 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 560.25 m 470 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 560.25 m 561 560.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 367.25 m 561 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 352.25 m 561 352.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 564.92 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 564.92 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 574.92 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.95 564.92 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.55 574.92 Td (T) Tj ET Q q 0 0 0 rg BT 505.31 574.92 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.50 564.92 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 551.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 536.92 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.90 536.92 Td (January 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 536.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 536.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 536.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 536.92 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 521.92 Td (January 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 521.92 Td (February 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 521.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 521.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 521.92 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 506.92 Td (February 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 506.92 Td (March 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 506.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 506.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 506.92 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 491.92 Td (March 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.85 491.92 Td (April 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 491.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 491.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 491.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 476.92 Td (April 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 476.92 Td (May 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 476.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 476.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 476.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 461.92 Td (May 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 461.92 Td (June 17, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 461.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 461.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 461.92 Td (1,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 446.92 Td (June 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 446.92 Td (July 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 446.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 446.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 446.92 Td (1,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 431.92 Td (July 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 431.92 Td (August 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 431.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 431.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 431.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 416.92 Td (August 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.20 416.92 Td (September 16, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 416.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 416.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 416.92 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 401.92 Td (September 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.75 401.92 Td (October 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 401.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 401.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 401.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 386.92 Td (October 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 386.92 Td (November 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 386.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 386.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 386.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 371.92 Td (November 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.90 371.92 Td (December 16, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 371.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 371.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 371.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 356.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 356.92 Td (14,882) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.17 334.75 Td (following ) Tj ET Q q 0 0 0 rg BT 108.18 334.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 145.31 334.75 Td (was ) Tj ET Q q 0 0 0 rg BT 162.98 334.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 198.97 334.75 Td (but ) Tj ET Q q 0 0 0 rg BT 213.87 334.75 Td (not ) Tj ET Q q 0 0 0 rg BT 228.78 334.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 248.12 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.02 334.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 297.38 334.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 351.71 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.27 334.75 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 426.48 334.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 468.04 334.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 499.60 334.75 Td (during ) Tj ET Q q 0 0 0 rg BT 527.83 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 542.18 334.75 Td (year) Tj ET Q q 0 0 0 rg BT 559.18 334.75 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.85 322.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 136.40 322.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 159.87 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 177.77 322.75 Td (was ) Tj ET Q q 0 0 0 rg BT 196.79 322.75 Td (included ) Tj ET Q q 0 0 0 rg BT 234.69 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 245.94 322.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 284.39 322.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 318.96 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.86 322.75 Td (other ) Tj ET Q q 0 0 0 rg BT 360.88 322.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 401.56 322.75 Td (\(Note ) Tj ET Q q 0 0 0 rg BT 427.80 322.75 Td (1) Tj ET Q q 0 0 0 rg BT 432.43 322.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 440.90 322.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 447.70 322.75 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 487.82 322.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 522.94 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 541.41 322.75 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 310.75 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.28 310.75 Td (\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 275.25 m 254 275.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 275.25 m 394 275.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 275.25 m 470 275.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 275.25 m 561 275.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.95 279.92 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 279.92 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.75 289.92 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.20 279.92 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 289.92 Td (T) Tj ET Q q 0 0 0 rg BT 497.41 289.92 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 279.92 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 264.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 249.92 Td (December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.90 249.92 Td (January 15, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 249.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 249.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 249.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 249.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.75 Td (The ) Tj ET Q q 0 0 0 rg BT 68.01 209.75 Td (following ) Tj ET Q q 0 0 0 rg BT 109.86 209.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 151.72 209.75 Td (were ) Tj ET Q q 0 0 0 rg BT 174.11 209.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 210.94 209.75 Td (before ) Tj ET Q q 0 0 0 rg BT 239.44 209.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.62 209.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.57 209.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 337.75 209.75 Td (were ) Tj ET Q q 0 0 0 rg BT 360.14 209.75 Td (authorized ) Tj ET Q q 0 0 0 rg BT 405.31 209.75 Td (for ) Tj ET Q q 0 0 0 rg BT 419.93 209.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 442.90 209.75 Td (but ) Tj ET Q q 0 0 0 rg BT 458.64 209.75 Td (not ) Tj ET Q q 0 0 0 rg BT 474.39 209.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 521.21 209.75 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 209.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.75 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 197.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 197.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.17 197.75 Td (2019:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 162.25 m 254 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 162.25 m 394 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 162.25 m 470 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 162.25 m 561 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 117.25 m 561 117.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 102.25 m 561 102.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.95 166.92 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 166.92 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.75 176.92 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.20 166.92 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 176.92 Td (T) Tj ET Q q 0 0 0 rg BT 497.41 176.92 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 166.92 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 151.50 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 136.92 Td (January 31, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 136.92 Td (February 18, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 136.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 136.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 136.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 136.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 121.92 Td (February 28, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 121.92 Td (March 16, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 121.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 121.92 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 121.92 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 106.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 106.92 Td (2,482) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 72.75 Td (following ) Tj ET Q q 0 0 0 rg BT 109.38 72.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 150.99 72.75 Td (were ) Tj ET Q q 0 0 0 rg BT 173.14 72.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 193.08 72.75 Td (to ) Tj ET Q q 0 0 0 rg BT 203.59 72.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 243.54 72.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 298.47 72.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.63 72.75 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 374.43 72.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 416.59 72.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 448.75 72.75 Td (\(included ) Tj ET Q q 0 0 0 rg BT 489.24 72.75 Td (as ) Tj ET Q q 0 0 0 rg BT 500.29 72.75 Td (non-controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.75 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 84.76 60.75 Td (during ) Tj ET Q q 0 0 0 rg BT 113.37 60.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.09 60.75 Td (year ) Tj ET Q q 0 0 0 rg BT 147.80 60.75 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.67 60.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 60.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.76 60.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 60.75 Td (:) Tj ET Q /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I39 Do Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (44) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 685.5 m 254 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 685.5 m 394 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 685.5 m 470 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 685.5 m 561 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 490.5 m 561 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 490.5 m 561 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 475.5 m 561 475.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 690.17 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 690.17 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 700.17 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.95 690.17 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.55 700.17 Td (T) Tj ET Q q 0 0 0 rg BT 505.31 700.17 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.50 690.17 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 674.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 660.17 Td (December 29, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.90 660.17 Td (January 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 660.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 660.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 660.17 Td (1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 645.17 Td (January 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 645.17 Td (February 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 645.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 645.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 645.17 Td (1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 630.17 Td (February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 630.17 Td (March 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 630.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 630.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 630.17 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 615.17 Td (March 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.85 615.17 Td (April 16, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 615.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 615.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 615.17 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 600.17 Td (April 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 600.17 Td (May 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 600.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 600.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 600.17 Td (1,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 585.17 Td (May 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 585.17 Td (June 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 585.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 585.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 585.17 Td (1,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 570.17 Td (June 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 570.17 Td (July 16, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 570.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 570.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 570.17 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 555.17 Td (July 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 555.17 Td (August 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 555.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 555.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 555.17 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 540.17 Td (August 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.20 540.17 Td (September 17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 540.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 540.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 540.17 Td (1,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 525.17 Td (September 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.75 525.17 Td (October 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 525.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 525.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 525.17 Td (1,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 510.17 Td (October 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 510.17 Td (November 15, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 510.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 510.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 510.17 Td (1,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 495.17 Td (November 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.90 495.17 Td (December 17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 495.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 495.17 Td (1,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 480.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 480.17 Td (15,067) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.17 464.00 Td (following ) Tj ET Q q 0 0 0 rg BT 108.18 464.00 Td (dividend ) Tj ET Q q 0 0 0 rg BT 145.31 464.00 Td (was ) Tj ET Q q 0 0 0 rg BT 162.98 464.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 198.97 464.00 Td (but ) Tj ET Q q 0 0 0 rg BT 213.87 464.00 Td (not ) Tj ET Q q 0 0 0 rg BT 228.78 464.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 248.12 464.00 Td (to ) Tj ET Q q 0 0 0 rg BT 258.02 464.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 297.38 464.00 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 351.71 464.00 Td (and ) Tj ET Q q 0 0 0 rg BT 368.27 464.00 Td (Exchangeable ) Tj ET Q q 0 0 0 rg BT 426.48 464.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 468.04 464.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 499.60 464.00 Td (during ) Tj ET Q q 0 0 0 rg BT 527.83 464.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.18 464.00 Td (year) Tj ET Q q 0 0 0 rg BT 559.18 464.00 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.85 452.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 136.40 452.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 159.87 452.00 Td (and ) Tj ET Q q 0 0 0 rg BT 177.77 452.00 Td (was ) Tj ET Q q 0 0 0 rg BT 196.79 452.00 Td (included ) Tj ET Q q 0 0 0 rg BT 234.69 452.00 Td (in ) Tj ET Q q 0 0 0 rg BT 245.94 452.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 284.39 452.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 318.96 452.00 Td (and ) Tj ET Q q 0 0 0 rg BT 336.86 452.00 Td (other ) Tj ET Q q 0 0 0 rg BT 360.88 452.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 401.56 452.00 Td (\(Note ) Tj ET Q q 0 0 0 rg BT 427.80 452.00 Td (1) Tj ET Q q 0 0 0 rg BT 432.43 452.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 440.90 452.00 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 447.70 452.00 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 487.82 452.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 522.94 452.00 Td (and ) Tj ET Q q 0 0 0 rg BT 541.41 452.00 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 440.00 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.28 440.00 Td (\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 404.5 m 254 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 404.5 m 394 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 404.5 m 470 404.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 404.5 m 561 404.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.95 409.17 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 409.17 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.75 419.17 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.20 409.17 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 419.17 Td (T) Tj ET Q q 0 0 0 rg BT 497.41 419.17 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 409.17 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 393.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 379.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.90 379.17 Td (January 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 379.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 379.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 379.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 379.17 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.01 339.00 Td (following ) Tj ET Q q 0 0 0 rg BT 109.86 339.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 151.72 339.00 Td (were ) Tj ET Q q 0 0 0 rg BT 174.11 339.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 210.94 339.00 Td (before ) Tj ET Q q 0 0 0 rg BT 239.44 339.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.62 339.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.57 339.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 337.75 339.00 Td (were ) Tj ET Q q 0 0 0 rg BT 360.14 339.00 Td (authorized ) Tj ET Q q 0 0 0 rg BT 405.31 339.00 Td (for ) Tj ET Q q 0 0 0 rg BT 419.93 339.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 442.90 339.00 Td (but ) Tj ET Q q 0 0 0 rg BT 458.64 339.00 Td (not ) Tj ET Q q 0 0 0 rg BT 474.39 339.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 521.21 339.00 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 339.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.00 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 327.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 327.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.17 327.00 Td (2018:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 291.5 m 254 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 291.5 m 394 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 291.5 m 470 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 291.5 m 561 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 246.5 m 561 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 231.5 m 561 231.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.95 296.17 Td (Record date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.90 296.17 Td (Payment date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.75 306.17 Td (Cash dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.20 296.17 Td (per share \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 306.17 Td (T) Tj ET Q q 0 0 0 rg BT 497.41 306.17 Td (otal dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 296.17 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.10 280.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 266.17 Td (January 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 266.17 Td (February 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 266.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 266.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 266.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 266.17 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 251.17 Td (February 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 251.17 Td (March 15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 251.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 251.17 Td (0.070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 251.17 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 236.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 236.17 Td (2,472) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I40 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 190.00 Td (23. ) Tj ET Q BT /F2 10.00 Tf ET q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 190.00 Td (EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 166.00 Td (Basic ) Tj ET Q q 0 0 0 rg BT 74.82 166.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 111.80 166.00 Td (per ) Tj ET Q q 0 0 0 rg BT 127.67 166.00 Td (share ) Tj ET Q q 0 0 0 rg BT 151.87 166.00 Td (is ) Tj ET Q q 0 0 0 rg BT 161.65 166.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 204.18 166.00 Td (by ) Tj ET Q q 0 0 0 rg BT 217.29 166.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 253.72 166.00 Td (net ) Tj ET Q q 0 0 0 rg BT 269.04 166.00 Td (income ) Tj ET Q q 0 0 0 rg BT 301.58 166.00 Td (for ) Tj ET Q q 0 0 0 rg BT 316.34 166.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.66 166.00 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.87 166.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.97 166.00 Td (by ) Tj ET Q q 0 0 0 rg BT 365.08 166.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.40 166.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 420.15 166.00 Td (average ) Tj ET Q q 0 0 0 rg BT 454.34 166.00 Td (number ) Tj ET Q q 0 0 0 rg BT 487.99 166.00 Td (of ) Tj ET Q q 0 0 0 rg BT 499.42 166.00 Td (common ) Tj ET Q q 0 0 0 rg BT 537.52 166.00 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.67 154.00 Td (during ) Tj ET Q q 0 0 0 rg BT 127.27 154.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.99 154.00 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 154.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 81.21 130.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 116.80 130.00 Td (per ) Tj ET Q q 0 0 0 rg BT 131.28 130.00 Td (share ) Tj ET Q q 0 0 0 rg BT 154.09 130.00 Td (is ) Tj ET Q q 0 0 0 rg BT 162.48 130.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 204.72 130.00 Td (using ) Tj ET Q q 0 0 0 rg BT 228.10 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.03 130.00 Td (same ) Tj ET Q q 0 0 0 rg BT 264.29 130.00 Td (method ) Tj ET Q q 0 0 0 rg BT 296.00 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 306.05 130.00 Td (for ) Tj ET Q q 0 0 0 rg BT 319.42 130.00 Td (basic ) Tj ET Q q 0 0 0 rg BT 341.68 130.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 377.27 130.00 Td (per ) Tj ET Q q 0 0 0 rg BT 391.76 130.00 Td (share ) Tj ET Q q 0 0 0 rg BT 414.57 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.72 130.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 465.76 130.00 Td (for ) Tj ET Q q 0 0 0 rg BT 479.13 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 493.06 130.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.43 130.00 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.00 Td (number ) Tj ET Q q 0 0 0 rg BT 83.76 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 95.81 118.00 Td (common ) Tj ET Q q 0 0 0 rg BT 134.52 118.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 163.23 118.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 213.61 118.00 Td (during ) Tj ET Q q 0 0 0 rg BT 243.43 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.36 118.00 Td (year ) Tj ET Q q 0 0 0 rg BT 280.29 118.00 Td (to ) Tj ET Q q 0 0 0 rg BT 291.78 118.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 321.03 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.96 118.00 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 371.23 118.00 Td (impact, ) Tj ET Q q 0 0 0 rg BT 404.66 118.00 Td (if ) Tj ET Q q 0 0 0 rg BT 414.48 118.00 Td (any) Tj ET Q q 0 0 0 rg BT 428.27 118.00 Td (, ) Tj ET Q q 0 0 0 rg BT 434.49 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 446.53 118.00 Td (any ) Tj ET Q q 0 0 0 rg BT 464.69 118.00 Td (options, ) Tj ET Q q 0 0 0 rg BT 500.35 118.00 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 529.91 118.00 Td (or ) Tj ET Q q 0 0 0 rg BT 541.96 118.00 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 105.69 106.00 Td (and ) Tj ET Q q 0 0 0 rg BT 121.89 106.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 170.31 106.00 Td (assuming ) Tj ET Q q 0 0 0 rg BT 209.84 106.00 Td (they ) Tj ET Q q 0 0 0 rg BT 228.81 106.00 Td (were ) Tj ET Q q 0 0 0 rg BT 249.99 106.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 289.50 106.00 Td (for ) Tj ET Q q 0 0 0 rg BT 302.92 106.00 Td (that ) Tj ET Q q 0 0 0 rg BT 319.66 106.00 Td (number ) Tj ET Q q 0 0 0 rg BT 351.97 106.00 Td (of ) Tj ET Q q 0 0 0 rg BT 362.05 106.00 Td (common ) Tj ET Q q 0 0 0 rg BT 398.80 106.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 425.54 106.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 467.83 106.00 Td (by ) Tj ET Q q 0 0 0 rg BT 479.58 106.00 Td (applying ) Tj ET Q q 0 0 0 rg BT 516.33 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 530.30 106.00 Td (treasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.90 94.00 Td (method. ) Tj ET Q q 0 0 0 rg BT 107.69 94.00 Td ( ) Tj ET Q q 0 0 0 rg BT 109.81 94.00 Td (The ) Tj ET Q q 0 0 0 rg BT 127.65 94.00 Td (treasury ) Tj ET Q q 0 0 0 rg BT 162.15 94.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 185.55 94.00 Td (method ) Tj ET Q q 0 0 0 rg BT 217.84 94.00 Td (assumes ) Tj ET Q q 0 0 0 rg BT 253.46 94.00 Td (that ) Tj ET Q q 0 0 0 rg BT 270.74 94.00 Td (all ) Tj ET Q q 0 0 0 rg BT 283.03 94.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 320.86 94.00 Td (received ) Tj ET Q q 0 0 0 rg BT 357.01 94.00 Td (by ) Tj ET Q q 0 0 0 rg BT 369.30 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 94.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.99 94.00 Td (when ) Tj ET Q q 0 0 0 rg BT 448.94 94.00 Td (options ) Tj ET Q q 0 0 0 rg BT 480.68 94.00 Td (are ) Tj ET Q q 0 0 0 rg BT 495.18 94.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 535.23 94.00 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 94.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.00 Td (used ) Tj ET Q q 0 0 0 rg BT 70.33 82.00 Td (to ) Tj ET Q q 0 0 0 rg BT 80.61 82.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 118.65 82.00 Td (common ) Tj ET Q q 0 0 0 rg BT 156.14 82.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.63 82.00 Td (at ) Tj ET Q q 0 0 0 rg BT 193.35 82.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.06 82.00 Td (average ) Tj ET Q q 0 0 0 rg BT 241.65 82.00 Td (market ) Tj ET Q q 0 0 0 rg BT 271.91 82.00 Td (price ) Tj ET Q q 0 0 0 rg BT 294.40 82.00 Td (during ) Tj ET Q q 0 0 0 rg BT 323.01 82.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.72 82.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 376.88 82.00 Td (period.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 576.00 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 681.5 m 483 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 681.5 m 561 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 666.5 m 483 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 666.5 m 561 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 621.5 m 483 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 606.5 m 483 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 621.5 m 561 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 606.5 m 561 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 606.5 m 483 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 606.5 m 561 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 575.5 m 483 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 575.5 m 561 575.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 700.17 Td (For the year ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.40 686.23 Td (December) Tj ET Q q 0 0 0 rg BT 494.62 686.23 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.50 671.73 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 671.62 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 656.62 Td (W) Tj ET Q q 0 0 0 rg BT 77.54 656.62 Td (eighted average number of common shares outstanding) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.15 656.73 Td (16,235,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 656.62 Td (16,439,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 641.17 Td (Dilutive ef) Tj ET Q q 0 0 0 rg BT 111.45 641.17 Td (fect of options) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.65 641.18 Td (224,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 641.17 Td (31) Tj ET Q q 0 0 0 rg BT 534.65 641.17 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 626.17 Td (Dilutive ef) Tj ET Q q 0 0 0 rg BT 111.45 626.17 Td (fect of restricted share units) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.65 626.18 Td (35,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 626.17 Td (60,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 611.62 Td (W) Tj ET Q q 0 0 0 rg BT 77.14 611.62 Td (eighted average common shares outstanding for diluted earnings per share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.15 611.73 Td (16,494,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.15 611.62 Td (16,81) Tj ET Q q 0 0 0 rg BT 534.65 611.62 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 590.17 Td (Options excluded from calculation of diluted shares for the period due to their) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 580.17 Td (anti-dilutive ef) Tj ET Q q 0 0 0 rg BT 127.46 580.17 Td (fect) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.15 585.73 Td (1,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 585.62 Td (930,000) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I41 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 540.00 Td (24. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 540.00 Td (RELA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 75.98 540.00 Td (TED P) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 104.69 540.00 Td (ARTY) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 131.73 540.00 Td ( TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 516.00 Td (a\) ) Tj ET Q q 0 0 0 rg BT 59.59 516.00 Td (The ) Tj ET Q q 0 0 0 rg BT 77.63 516.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.02 516.00 Td (has ) Tj ET Q q 0 0 0 rg BT 134.85 516.00 Td (no ) Tj ET Q q 0 0 0 rg BT 147.35 516.00 Td (parent ) Tj ET Q q 0 0 0 rg BT 174.84 516.00 Td (or ) Tj ET Q q 0 0 0 rg BT 185.67 516.00 Td (other ) Tj ET Q q 0 0 0 rg BT 208.71 516.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 243.98 516.00 Td (controlling ) Tj ET Q q 0 0 0 rg BT 290.36 516.00 Td (party) Tj ET Q q 0 0 0 rg BT 310.26 516.00 Td (. ) Tj ET Q q 0 0 0 rg BT 315.26 516.00 Td ( ) Tj ET Q q 0 0 0 rg BT 317.76 516.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.00 Td (b\) ) Tj ET Q q 0 0 0 rg BT 60.35 504.00 Td (The ) Tj ET Q q 0 0 0 rg BT 78.61 504.00 Td (Company) Tj ET Q q 0 0 0 rg BT 120.27 504.00 Td (s ) Tj ET Q q 0 0 0 rg BT 126.88 504.00 Td (key ) Tj ET Q q 0 0 0 rg BT 144.03 504.00 Td (management ) Tj ET Q q 0 0 0 rg BT 197.83 504.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 232.22 504.00 Td (of ) Tj ET Q q 0 0 0 rg BT 243.26 504.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.19 504.00 Td (President ) Tj ET Q q 0 0 0 rg BT 298.12 504.00 Td (& ) Tj ET Q q 0 0 0 rg BT 308.62 504.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 333.55 504.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 376.24 504.00 Td (Of) Tj ET Q q 0 0 0 rg BT 386.61 504.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 404.53 504.00 Td (, ) Tj ET Q q 0 0 0 rg BT 409.74 504.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 434.67 504.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 474.60 504.00 Td (Of) Tj ET Q q 0 0 0 rg BT 484.97 504.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 506.00 504.00 Td (and ) Tj ET Q q 0 0 0 rg BT 523.15 504.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 504.00 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 492.00 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 102.54 492.00 Td ( ) Tj ET Q q 0 0 0 rg BT 105.04 492.00 Td (Key ) Tj ET Q q 0 0 0 rg BT 124.20 492.00 Td (management ) Tj ET Q q 0 0 0 rg BT 177.79 492.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 235.83 492.00 Td (is ) Tj ET Q q 0 0 0 rg BT 245.00 492.00 Td (as ) Tj ET Q q 0 0 0 rg BT 255.83 492.00 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 446.5 m 479 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 446.5 m 561 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 431.5 m 479 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 431.5 m 561 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 388.5 m 479 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 373.5 m 479 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 388.5 m 561 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 373.5 m 561 373.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.20 465.17 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.40 451.23 Td (December) Tj ET Q q 0 0 0 rg BT 494.62 451.23 Td ( 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.50 436.73 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.50 436.62 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.10 422.75 Td (\($ thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 408.62 Td (Salaries, fees and other short-term employee benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 408.73 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 408.73 Td (1,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 408.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 408.62 Td (1,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 393.17 Td (Share-based compensation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.15 393.18 Td (477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 393.17 Td (757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 378.17 Td (Compensation expense of key management) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.50 378.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 378.18 Td (2,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 378.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 378.17 Td (2,282) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 344.00 Td (25. CASH FLOW SUPPLEMENT) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 181.88 344.00 Td (AR) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 195.95 344.00 Td (Y) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 202.44 344.00 Td ( DISCLOSURE) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 303.5 m 479 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 303.5 m 561 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 288.5 m 479 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 288.5 m 561 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 243.5 m 479 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 243.5 m 561 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 212.5 m 479 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 212.5 m 561 212.5 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 442.70 323.17 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.90 308.73 Td (December) Tj ET Q q 0 0 0 rg BT 496.12 308.73 Td ( 31,) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 381.55 291.8736328125 m 400.43671875 291.8736328125 l s q 0 0 0 rg BT 381.55 293.21 Td (Note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.00 293.73 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 293.62 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 447.60 277.75 Td (\($ thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.50 263.18 Td (Non-cash transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 248.62 Td ( Common shares issued on exercise of RSUs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.50 248.73 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.15 248.73 Td (482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 248.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 248.62 Td (806) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.50 217.18 Td (Inter) Tj ET Q q 0 0 0 rg BT 127.98 217.18 Td (est paid) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.50 217.73 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 217.73 Td (27,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 217.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 217.62 Td (21,939) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 93 0 obj <> endobj 94 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (46) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 681.5 m 479 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 681.5 m 561 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 667.5 m 479 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 667.5 m 561 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 526.5 m 479 526.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 526.5 m 561 526.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 511.5 m 479 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 511.5 m 561 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 426.5 m 479 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 426.5 m 561 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 426.5 m 479 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 411.5 m 479 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 426.5 m 561 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 411.5 m 561 411.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.20 700.17 Td (For the years ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.40 686.23 Td (December) Tj ET Q q 0 0 0 rg BT 495.62 686.23 Td ( 31,) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 380.55 670.7236328125 m 399.43671875 670.7236328125 l s q 0 0 0 rg BT 380.55 672.06 Td (Note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.50 672.23 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 672.07 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.50 636.18 Td (Other) Tj ET Q q 0 0 0 rg BT 131.96 636.18 Td ( non-cash items included in net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 621.17 Td ( Share-based compensation expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.00 621.21 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 621.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.15 621.18 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 621.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 621.17 Td (1,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 606.17 Td ( ) Tj ET Q q 0 0 0 rg BT 111.22 606.17 Td (Amortization of deferred financing costs) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.00 606.21 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 606.18 Td (3,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 606.17 Td (2,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 591.17 Td ( Financing costs - convertible debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.15 591.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 591.22 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 591.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 576.17 Td ( Unrealized \(gain\) loss on investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.80 576.23 Td (\(30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 576.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 576.17 Td (181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 561.17 Td ( Interest expense - premises leases payable) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 387.50 561.21 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.15 561.18 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 561.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 546.62 Td ( Unrealized \(gain\) loss on interest rate derivatives) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.00 546.21 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 546.73 Td (1,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 546.67 Td (\(705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 546.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 531.17 Td ( Unrealized loss on foreign exchange) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.80 531.23 Td (\(47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 531.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 531.17 Td (29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 516.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 516.18 Td (5,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 516.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 516.17 Td (3,345) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.50 491.18 Td (Change in other) Tj ET Q q 0 0 0 rg BT 175.21 491.18 Td ( net operating assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 476.17 Td ( Restricted funds) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 476.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.30 476.23 Td (\(8,995) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 476.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 476.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.30 476.22 Td (\(6,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 476.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 461.17 Td ( Other assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 461.18 Td (3,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 461.17 Td (5,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 446.17 Td ( ) Tj ET Q q 0 0 0 rg BT 111.22 446.17 Td (Accounts payable and other liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.65 446.18 Td (2,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 446.22 Td (\(556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 446.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 431.17 Td ( Customer security deposits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.30 431.23 Td (\(3,949) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 431.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 431.17 Td (1,467) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 416.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.30 416.23 Td (\(6,861) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 416.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 416.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 416.17 Td (1) Tj ET Q q 0 0 0 rg BT 547.15 416.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 344.5 m 479 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 329.5 m 479 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 344.5 m 561 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 329.5 m 561 329.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.50 383.18 Td (Borr) Tj ET Q q 0 0 0 rg BT 125.87 383.18 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 368.17 Td ( Draw-downs or proceeds from borrowings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.00 368.21 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 368.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 368.18 Td (729,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 368.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 368.17 Td (499,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 353.17 Td ( Payments - borrowings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.00 353.21 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.30 353.23 Td (\(587,529) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 353.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 353.22 Td (\(340,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 353.17 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.50 334.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 334.18 Td (141,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 334.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 334.17 Td (158,513) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I42 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 298.00 Td (26. ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 49.50 298.00 Td (SEGMENT INFORMA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 147.64 298.00 Td (TION ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 274.00 Td (Segments ) Tj ET Q q 0 0 0 rg BT 91.53 274.00 Td (are ) Tj ET Q q 0 0 0 rg BT 106.88 274.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 148.35 274.00 Td (on ) Tj ET Q q 0 0 0 rg BT 161.49 274.00 Td (the ) Tj ET Q q 0 0 0 rg BT 176.85 274.00 Td (same ) Tj ET Q q 0 0 0 rg BT 200.54 274.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 223.69 274.00 Td (that ) Tj ET Q q 0 0 0 rg BT 241.83 274.00 Td (is ) Tj ET Q q 0 0 0 rg BT 251.64 274.00 Td (used ) Tj ET Q q 0 0 0 rg BT 273.12 274.00 Td (internally ) Tj ET Q q 0 0 0 rg BT 314.58 274.00 Td (to ) Tj ET Q q 0 0 0 rg BT 325.51 274.00 Td (manage ) Tj ET Q q 0 0 0 rg BT 359.74 274.00 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 274.00 Td (to ) Tj ET Q q 0 0 0 rg BT 388.25 274.00 Td (report ) Tj ET Q q 0 0 0 rg BT 415.27 274.00 Td (on ) Tj ET Q q 0 0 0 rg BT 428.42 274.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 484.58 274.00 Td (taking ) Tj ET Q q 0 0 0 rg BT 512.72 274.00 Td (into ) Tj ET Q q 0 0 0 rg BT 531.42 274.00 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.00 Td (materiality ) Tj ET Q q 0 0 0 rg BT 96.42 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 114.45 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.27 262.00 Td (products ) Tj ET Q q 0 0 0 rg BT 168.31 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 186.35 262.00 Td (services ) Tj ET Q q 0 0 0 rg BT 222.16 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 234.09 262.00 Td (each ) Tj ET Q q 0 0 0 rg BT 256.00 262.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 292.93 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 310.96 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.78 262.00 Td (or) Tj ET Q q 0 0 0 rg BT 334.93 262.00 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 387.40 262.00 Td (structure ) Tj ET Q q 0 0 0 rg BT 425.98 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 437.91 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.73 262.00 Td (Company) Tj ET Q q 0 0 0 rg BT 491.97 262.00 Td (. ) Tj ET Q q 0 0 0 rg BT 497.81 262.00 Td (The ) Tj ET Q q 0 0 0 rg BT 516.96 262.00 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 262.00 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 250.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 123.93 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 134.76 250.00 Td (the ) Tj ET Q q 0 0 0 rg BT 149.48 250.00 Td (following ) Tj ET Q q 0 0 0 rg BT 190.87 250.00 Td (reportable ) Tj ET Q q 0 0 0 rg BT 233.90 250.00 Td (segments: ) Tj ET Q q 0 0 0 rg BT 276.39 250.00 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 322.78 250.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 365.27 250.00 Td (- ) Tj ET Q q 0 0 0 rg BT 371.10 250.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 391.38 250.00 Td (and ) Tj ET Q q 0 0 0 rg BT 408.32 250.00 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 454.71 250.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 497.20 250.00 Td (- ) Tj ET Q q 0 0 0 rg BT 503.03 250.00 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 538.02 250.00 Td ( ) Tj ET Q q 0 0 0 rg BT 540.52 250.00 Td ( ) Tj ET Q q 0 0 0 rg BT 543.02 250.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 226.00 Td (Company) Tj ET Q q 0 0 0 rg BT 110.03 226.00 Td (s ) Tj ET Q q 0 0 0 rg BT 117.24 226.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 138.34 226.00 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 185.54 226.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 228.85 226.00 Td (business ) Tj ET Q q 0 0 0 rg BT 266.06 226.00 Td (is ) Tj ET Q q 0 0 0 rg BT 276.05 226.00 Td (located ) Tj ET Q q 0 0 0 rg BT 308.24 226.00 Td (in ) Tj ET Q q 0 0 0 rg BT 319.34 226.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.87 226.00 Td (United ) Tj ET Q q 0 0 0 rg BT 365.41 226.00 Td (States ) Tj ET Q q 0 0 0 rg BT 392.61 226.00 Td (and ) Tj ET Q q 0 0 0 rg BT 410.37 226.00 Td (is ) Tj ET Q q 0 0 0 rg BT 420.35 226.00 Td (involved ) Tj ET Q q 0 0 0 rg BT 458.67 226.00 Td (in ) Tj ET Q q 0 0 0 rg BT 469.76 226.00 Td (small-ticket ) Tj ET Q q 0 0 0 rg BT 520.29 226.00 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.00 Td (leasing ) Tj ET Q q 0 0 0 rg BT 81.66 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 99.93 214.00 Td (lending ) Tj ET Q q 0 0 0 rg BT 133.75 214.00 Td (to ) Tj ET Q q 0 0 0 rg BT 145.36 214.00 Td (small ) Tj ET Q q 0 0 0 rg BT 170.86 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 189.13 214.00 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 249.61 214.00 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 298.16 214.00 Td ( ) Tj ET Q q 0 0 0 rg BT 301.99 214.00 Td (Pawnee, ) Tj ET Q q 0 0 0 rg BT 339.15 214.00 Td (T) Tj ET Q q 0 0 0 rg BT 344.56 214.00 Td (andem ) Tj ET Q q 0 0 0 rg BT 375.04 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.03 214.00 Td (W) Tj ET Q q 0 0 0 rg BT 402.07 214.00 Td (indset's ) Tj ET Q q 0 0 0 rg BT 435.48 214.00 Td (information ) Tj ET Q q 0 0 0 rg BT 486.53 214.00 Td (is ) Tj ET Q q 0 0 0 rg BT 497.03 214.00 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 544.72 214.00 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.00 Td (Chesswood's ) Tj ET Q q 0 0 0 rg BT 103.83 202.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 124.14 202.00 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 170.55 202.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 213.07 202.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 248.92 202.00 Td (as ) Tj ET Q q 0 0 0 rg BT 259.78 202.00 Td (Pawnee, ) Tj ET Q q 0 0 0 rg BT 295.72 202.00 Td (T) Tj ET Q q 0 0 0 rg BT 301.13 202.00 Td (andem ) Tj ET Q q 0 0 0 rg BT 330.31 202.00 Td (and ) Tj ET Q q 0 0 0 rg BT 347.09 202.00 Td (W) Tj ET Q q 0 0 0 rg BT 356.13 202.00 Td (indset ) Tj ET Q q 0 0 0 rg BT 382.54 202.00 Td (of) Tj ET Q q 0 0 0 rg BT 390.69 202.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 404.32 202.00 Td (lending ) Tj ET Q q 0 0 0 rg BT 436.84 202.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 475.48 202.00 Td (to ) Tj ET Q q 0 0 0 rg BT 485.79 202.00 Td (small ) Tj ET Q q 0 0 0 rg BT 509.98 202.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 554.72 202.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.67 190.00 Td (United ) Tj ET Q q 0 0 0 rg BT 94.83 190.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 124.17 190.00 Td ( ) Tj ET Q q 0 0 0 rg BT 126.90 190.00 Td (T) Tj ET Q q 0 0 0 rg BT 132.31 190.00 Td (andem ) Tj ET Q q 0 0 0 rg BT 161.91 190.00 Td (and ) Tj ET Q q 0 0 0 rg BT 179.09 190.00 Td (W) Tj ET Q q 0 0 0 rg BT 188.13 190.00 Td (indset ) Tj ET Q q 0 0 0 rg BT 214.96 190.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 252.34 190.00 Td (to ) Tj ET Q q 0 0 0 rg BT 263.07 190.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 299.88 190.00 Td (of) Tj ET Q q 0 0 0 rg BT 308.03 190.00 Td (f ) Tj ET Q q 0 0 0 rg BT 314.31 190.00 Td (Pawnee's ) Tj ET Q q 0 0 0 rg BT 354.05 190.00 Td (experience, ) Tj ET Q q 0 0 0 rg BT 402.80 190.00 Td (processes ) Tj ET Q q 0 0 0 rg BT 444.06 190.00 Td (and ) Tj ET Q q 0 0 0 rg BT 461.45 190.00 Td ("back-of) Tj ET Q q 0 0 0 rg BT 495.89 190.00 Td (fice" ) Tj ET Q q 0 0 0 rg BT 517.91 190.00 Td (support ) Tj ET Q q 0 0 0 rg BT 550.85 190.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.01 178.00 Td (adjudication, ) Tj ET Q q 0 0 0 rg BT 127.68 178.00 Td (collections ) Tj ET Q q 0 0 0 rg BT 172.74 178.00 Td (and ) Tj ET Q q 0 0 0 rg BT 188.92 178.00 Td (documentation. ) Tj ET Q q 0 0 0 rg BT 252.59 178.00 Td ( ) Tj ET Q q 0 0 0 rg BT 254.33 178.00 Td ( ) Tj ET Q q 0 0 0 rg BT 255.95 178.00 Td (The ) Tj ET Q q 0 0 0 rg BT 273.24 178.00 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 312.74 178.00 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 358.37 178.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 400.11 178.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 435.17 178.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 471.35 178.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 520.29 178.00 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 89.76 166.00 Td (to ) Tj ET Q q 0 0 0 rg BT 100.04 166.00 Td (small ) Tj ET Q q 0 0 0 rg BT 124.21 166.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.15 166.00 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 200.30 166.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 245.02 166.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.30 166.00 Td (Canada ) Tj ET Q q 0 0 0 rg BT 287.78 166.00 Td (and ) Tj ET Q q 0 0 0 rg BT 304.72 166.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 340.54 166.00 Td (Blue ) Tj ET Q q 0 0 0 rg BT 361.93 166.00 Td (Chip. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.00 Td (Segment ) Tj ET Q q 0 0 0 rg BT 87.52 142.00 Td (information ) Tj ET Q q 0 0 0 rg BT 137.75 142.00 Td (is ) Tj ET Q q 0 0 0 rg BT 147.45 142.00 Td (prepared ) Tj ET Q q 0 0 0 rg BT 185.45 142.00 Td (in ) Tj ET Q q 0 0 0 rg BT 196.25 142.00 Td (conformity ) Tj ET Q q 0 0 0 rg BT 243.71 142.00 Td (with ) Tj ET Q q 0 0 0 rg BT 264.51 142.00 Td (the ) Tj ET Q q 0 0 0 rg BT 279.75 142.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 326.65 142.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 360.77 142.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 395.45 142.00 Td (for ) Tj ET Q q 0 0 0 rg BT 410.14 142.00 Td (the ) Tj ET Q q 0 0 0 rg BT 425.38 142.00 Td (Company) Tj ET Q q 0 0 0 rg BT 467.04 142.00 Td (s ) Tj ET Q q 0 0 0 rg BT 473.96 142.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 142.00 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.87 130.00 Td (The ) Tj ET Q q 0 0 0 rg BT 115.28 130.00 Td (role ) Tj ET Q q 0 0 0 rg BT 133.69 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 144.88 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.96 130.00 Td (田hief ) Tj ET Q q 0 0 0 rg BT 187.25 130.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.88 130.00 Td (decision ) Tj ET Q q 0 0 0 rg BT 264.07 130.00 Td (maker ) Tj ET Q q 0 0 0 rg BT 296.36 130.00 Td (with ) Tj ET Q q 0 0 0 rg BT 317.00 130.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 348.18 130.00 Td (to ) Tj ET Q q 0 0 0 rg BT 358.82 130.00 Td (resource ) Tj ET Q q 0 0 0 rg BT 395.55 130.00 Td (allocation ) Tj ET Q q 0 0 0 rg BT 437.84 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 455.15 130.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.53 130.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 555.83 130.00 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.00 Td (embodied ) Tj ET Q q 0 0 0 rg BT 91.36 118.00 Td (in ) Tj ET Q q 0 0 0 rg BT 101.57 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 116.22 118.00 Td (position ) Tj ET Q q 0 0 0 rg BT 150.87 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 161.63 118.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 186.28 118.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 228.69 118.00 Td (Of) Tj ET Q q 0 0 0 rg BT 239.06 118.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 256.82 118.00 Td (. ) Tj ET Q q 0 0 0 rg BT 261.58 118.00 Td (The ) Tj ET Q q 0 0 0 rg BT 279.55 118.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 332.50 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.26 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.91 118.00 Td (segments ) Tj ET Q q 0 0 0 rg BT 397.55 118.00 Td (is ) Tj ET Q q 0 0 0 rg BT 406.65 118.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 447.40 118.00 Td (on ) Tj ET Q q 0 0 0 rg BT 459.83 118.00 Td (the ) Tj ET Q q 0 0 0 rg BT 474.47 118.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 496.90 118.00 Td (of ) Tj ET Q q 0 0 0 rg BT 507.66 118.00 Td (net ) Tj ET Q q 0 0 0 rg BT 522.31 118.00 Td (income ) Tj ET Q q 0 0 0 rg BT 554.17 118.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 67.11 106.00 Td (before ) Tj ET Q q 0 0 0 rg BT 94.70 106.00 Td (tax. ) Tj ET Q q 0 0 0 rg BT 111.46 106.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 127.95 106.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 155.83 106.00 Td (which ) Tj ET Q q 0 0 0 rg BT 182.32 106.00 Td (are ) Tj ET Q q 0 0 0 rg BT 196.58 106.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 228.61 106.00 Td (as ) Tj ET Q q 0 0 0 rg BT 238.99 106.00 Td (total ) Tj ET Q q 0 0 0 rg BT 258.82 106.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 294.19 106.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.57 106.00 Td (less ) Tj ET Q q 0 0 0 rg BT 336.62 106.00 Td (total ) Tj ET Q q 0 0 0 rg BT 356.44 106.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 391.82 106.00 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 433.59 106.00 Td (are ) Tj ET Q q 0 0 0 rg BT 447.84 106.00 Td (used ) Tj ET Q q 0 0 0 rg BT 468.22 106.00 Td (as ) Tj ET Q q 0 0 0 rg BT 478.60 106.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.87 106.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 514.92 106.00 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 106.00 Td (assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.84 94.00 Td (allocation ) Tj ET Q q 0 0 0 rg BT 105.39 94.00 Td (of ) Tj ET Q q 0 0 0 rg BT 115.84 94.00 Td (resources. ) Tj ET Q q 0 0 0 rg BT 158.22 94.00 Td ( ) Tj ET Q q 0 0 0 rg BT 160.34 94.00 Td ( ) Tj ET Q q 0 0 0 rg BT 162.31 94.00 Td (When ) Tj ET Q q 0 0 0 rg BT 188.31 94.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 229.85 94.00 Td (with ) Tj ET Q q 0 0 0 rg BT 249.75 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.09 94.00 Td (last ) Tj ET Q q 0 0 0 rg BT 280.10 94.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 308.88 94.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 361.54 94.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.64 94.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 445.48 94.00 Td (there ) Tj ET Q q 0 0 0 rg BT 467.58 94.00 Td (are ) Tj ET Q q 0 0 0 rg BT 481.91 94.00 Td (no ) Tj ET Q q 0 0 0 rg BT 494.03 94.00 Td (dif) Tj ET Q q 0 0 0 rg BT 504.96 94.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 540.39 94.00 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 94.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.00 82.00 Td (of ) Tj ET Q q 0 0 0 rg BT 82.83 82.00 Td (segmentation ) Tj ET Q q 0 0 0 rg BT 138.65 82.00 Td (or ) Tj ET Q q 0 0 0 rg BT 149.48 82.00 Td (in ) Tj ET Q q 0 0 0 rg BT 159.76 82.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.48 82.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 196.98 82.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.81 82.00 Td (measuring ) Tj ET Q q 0 0 0 rg BT 251.96 82.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 287.79 82.00 Td (results. ) Tj ET Q q 0 0 0 rg BT 318.89 82.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.39 82.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.00 Td (Selected ) Tj ET Q q 0 0 0 rg BT 85.87 58.00 Td (information ) Tj ET Q q 0 0 0 rg BT 135.58 58.00 Td (by ) Tj ET Q q 0 0 0 rg BT 148.08 58.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 183.91 58.00 Td (and ) Tj ET Q q 0 0 0 rg BT 200.85 58.00 Td (geographically ) Tj ET Q q 0 0 0 rg BT 262.77 58.00 Td (is ) Tj ET Q q 0 0 0 rg BT 271.94 58.00 Td (as ) Tj ET Q q 0 0 0 rg BT 282.77 58.00 Td (follows: ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (47) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 705.5 m 305 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 705.5 m 309 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 705.5 m 369 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 705.5 m 373 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 705.5 m 435 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 705.5 m 439 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 705.5 m 495 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 705.5 m 499 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 705.5 m 561 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 671.5 m 305 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 671.5 m 369 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 705.5 m 435 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 671.5 m 435 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 671.5 m 495 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 671.5 m 561 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 671.5 m 305 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 671.5 m 369 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 671.5 m 435 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 671.5 m 495 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 611.5 m 239 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 611.5 m 305 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 611.5 m 309 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 611.5 m 369 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 611.5 m 373 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 611.5 m 435 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 611.5 m 439 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 611.5 m 495 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 611.5 m 499 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 611.5 m 561 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 611.5 m 239 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 611.5 m 305 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 611.5 m 309 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 611.5 m 369 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 611.5 m 373 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 611.5 m 435 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 611.5 m 439 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 611.5 m 495 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 611.5 m 499 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 611.5 m 561 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 523.5 m 305 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 523.5 m 369 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 523.5 m 561 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 523.5 m 239 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 523.5 m 305 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 523.5 m 309 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 523.5 m 369 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 523.5 m 373 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 523.5 m 435 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 523.5 m 439 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 523.5 m 495 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 523.5 m 499 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 523.5 m 561 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 464.5 m 239 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 464.5 m 305 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 464.5 m 309 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 464.5 m 369 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 464.5 m 373 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 464.5 m 435 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 464.5 m 439 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 464.5 m 495 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 464.5 m 499 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 464.5 m 561 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 435.5 m 239 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 421.5 m 239 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 435.5 m 305 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 421.5 m 305 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 435.5 m 309 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 421.5 m 309 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 435.5 m 369 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 421.5 m 369 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 435.5 m 373 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 421.5 m 373 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 435.5 m 435 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 421.5 m 435 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 435.5 m 439 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 421.5 m 439 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 435.5 m 495 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 421.5 m 495 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 435.5 m 499 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 421.5 m 499 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 435.5 m 561 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 421.5 m 561 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52 421.5 m 239 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 421.5 m 305 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 421.5 m 309 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 421.5 m 369 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 421.5 m 373 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 421.5 m 435 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 421.5 m 439 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 421.5 m 495 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 421.5 m 499 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 421.5 m 561 421.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 334.00 710.18 Td (Y) Tj ET Q q 0 0 0 rg BT 340.67 710.18 Td (ear) Tj ET Q q 0 0 0 rg BT 353.90 710.18 Td ( ended December) Tj ET Q q 0 0 0 rg BT 427.59 710.18 Td ( 31, 2019) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 120.35 686.35 Td (\($ thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.60 696.18 Td (Equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.15 686.18 Td (Financing -) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.60 676.18 Td (U.S.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 314.60 696.18 Td (Equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 314.15 686.18 Td (Financing -) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.80 676.18 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.35 691.88 Td (Other) Tj ET Q q 0 0 0 rg BT 413.64 691.88 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.35 683.88 Td (Operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.57 683.88 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 385.80 675.75 Td (\(Note 5\(c\)\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.25 696.18 Td (Corporate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.35 686.18 Td (Overhead) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.90 676.18 Td (- Canada) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.55 676.18 Td (T) Tj ET Q q 0 0 0 rg BT 524.30 676.18 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 661.17 Td (Interest revenue on leases and loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 661.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 661.62 Td (96,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 661.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 661.62 Td (13,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 661.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 661.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 661.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 661.62 Td (1) Tj ET Q q 0 0 0 rg BT 529.65 661.62 Td (10,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 646.17 Td (Ancillary finance and other fee income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 646.17 Td (1) Tj ET Q q 0 0 0 rg BT 278.65 646.17 Td (1,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.65 646.17 Td (4,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 646.17 Td (213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 646.17 Td (16,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 631.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.30 631.17 Td (\(28,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 631.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 631.22 Td (\(5,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 631.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 631.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 631.17 Td (\(33,663\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 616.17 Td (Provision for credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.30 616.17 Td (\(31,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 616.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 616.22 Td (\(2,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 616.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 616.17 Td (\(33,214\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.50 602.18 Td (Finance margin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 602.18 Td (49,297) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.65 602.18 Td (10,588) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.15 602.18 Td (213) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.00 602.18 Td (60,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 587.17 Td (Personnel expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 587.17 Td (14,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 587.17 Td (2,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 587.17 Td (1,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 587.17 Td (18,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 572.17 Td (Share-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 572.17 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 572.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 572.17 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 572.17 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 557.17 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 557.17 Td (14,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 557.17 Td (1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 557.17 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 557.17 Td (1,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 557.17 Td (19,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 542.17 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 542.17 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 542.17 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 542.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 542.17 Td (1,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 528.07 Td (Amortization - intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 528.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 528.07 Td (1,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 528.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 528.07 Td (1,332) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.50 514.18 Td (Operating income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 514.18 Td (19,157) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.65 514.18 Td (4,243) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.80 514.23 Td (\(587) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 514.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.30 514.18 Td (\(3,923\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.00 514.18 Td (18,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 499.17 Td (Fair value adjustments - investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 499.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 499.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 499.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 499.62 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 499.62 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 484.17 Td (Unrealized loss on interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 484.17 Td (\(367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 484.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 484.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 484.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 484.22 Td (\(742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 484.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 484.17 Td (\(1,109\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 469.17 Td (Unrealized gain on foreign exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 469.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 469.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 469.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 469.17 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 469.17 Td (47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.50 455.18 Td (Income befor) Tj ET Q q 0 0 0 rg BT 111.34 455.18 Td (e taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 455.18 Td (18,790) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.65 455.18 Td (4,243) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.80 455.23 Td (\(587) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 455.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.30 455.23 Td (\(4,588) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.15 455.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 455.18 Td (17,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 440.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.26 440.17 Td (ax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 440.17 Td (3,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 440.17 Td (812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 440.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 440.17 Td (820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 440.17 Td (5,167) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.50 426.18 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.50 426.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 426.18 Td (15,255) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.50 426.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.65 426.18 Td (3,431) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.50 426.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.80 426.23 Td (\(587) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.15 426.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.50 426.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.30 426.23 Td (\(5,408) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.15 426.18 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.50 426.18 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 426.18 Td (12,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 407.17 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 407.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.30 407.62 Td (\(1) Tj ET Q q 0 0 0 rg BT 273.63 407.62 Td (19,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 407.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 407.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 407.62 Td (12,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 407.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 407.62 Td (309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 407.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 407.67 Td (\(2,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 407.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 407.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 407.67 Td (\(109,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 407.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 392.17 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 392.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 392.62 Td (\(292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 392.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 392.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.80 392.67 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 392.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 392.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 392.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 392.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 392.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 392.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 392.67 Td (\(312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 392.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 377.17 Td (Net cash from financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 377.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 377.62 Td (176,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 377.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 377.67 Td (\(6,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 377.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 377.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 377.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 377.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 377.67 Td (\(50,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 377.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 377.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 377.62 Td (1) Tj ET Q q 0 0 0 rg BT 529.65 377.62 Td (18,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 355.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.26 355.17 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 355.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 355.17 Td (714,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 355.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 355.17 Td (204,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 355.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 355.17 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 355.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 355.17 Td (7,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 355.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 355.17 Td (926,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 340.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.26 340.17 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 340.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 340.17 Td (434,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 340.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 340.17 Td (147,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 340.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 340.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 340.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 340.17 Td (188,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 340.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 340.17 Td (770,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 325.17 Td (Finance receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 325.17 Td (661,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 325.17 Td (159,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 325.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 325.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 325.17 Td (821,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 310.17 Td (Goodwill and intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 310.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 310.17 Td (20,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 310.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 310.17 Td (36,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 310.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 310.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 310.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 310.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 310.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 310.17 Td (57,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 295.17 Td (Property and equipment expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 295.17 Td (292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 295.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 295.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 295.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 295.17 Td (312) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I43 Do Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 739 m 160.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 739 m 362.5 739 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 739 m 564.5 739 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 753.67 Td (Notes to the Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 743.67 Td (For the years ended December 31, 2019 and 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (48) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 681.6 m 305 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 681.6 m 309 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 681.6 m 367 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 681.6 m 371 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 681.6 m 429 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 681.6 m 433 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 681.6 m 495 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 681.6 m 499 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 681.6 m 561 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 647.6 m 305 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 647.6 m 367 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 647.6 m 429 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 647.6 m 495 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 647.6 m 561 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 647.6 m 305 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 647.6 m 367 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 647.6 m 429 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 647.6 m 495 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 587.6 m 235 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 587.6 m 305 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 587.6 m 309 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 587.6 m 367 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 587.6 m 371 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 587.6 m 429 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 587.6 m 433 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 587.6 m 495 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 587.6 m 499 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 587.6 m 561 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 587.6 m 235 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 587.6 m 305 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 587.6 m 309 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 587.6 m 367 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 587.6 m 371 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 587.6 m 429 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 587.6 m 433 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 587.6 m 495 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 587.6 m 499 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 587.6 m 561 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 499.6 m 495 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 499.6 m 235 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 499.6 m 305 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 499.6 m 309 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 499.6 m 367 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 499.6 m 371 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 499.6 m 429 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 499.6 m 433 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 499.6 m 495 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 499.6 m 499 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 499.6 m 561 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 432.6 m 235 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 432.6 m 305 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 432.6 m 309 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 432.6 m 367 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 432.6 m 371 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 432.6 m 429 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 432.6 m 433 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 432.6 m 495 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 432.6 m 499 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 432.6 m 561 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 403.6 m 235 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 389.6 m 235 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 403.6 m 305 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 389.6 m 305 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 403.6 m 309 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 389.6 m 309 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 403.6 m 367 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 389.6 m 367 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 403.6 m 371 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 389.6 m 371 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 403.6 m 429 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 389.6 m 429 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 403.6 m 433 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 389.6 m 433 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 403.6 m 495 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 389.6 m 495 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 403.6 m 499 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 389.6 m 499 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 403.6 m 561 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 389.6 m 561 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 389.6 m 235 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 389.6 m 305 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 389.6 m 309 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 389.6 m 367 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 389.6 m 371 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 389.6 m 429 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 389.6 m 433 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 389.6 m 495 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 389.6 m 499 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 389.6 m 561 389.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.70 686.27 Td (Y) Tj ET Q q 0 0 0 rg BT 339.92 686.27 Td (ear Ended December 31, 2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.50 652.05 Td (\($ thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.60 672.28 Td (Equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 243.90 662.28 Td (Financing -) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.60 652.28 Td (U.S.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.60 672.28 Td (Equipment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.15 662.28 Td (Financing -) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.80 652.28 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.35 667.98 Td (Other) Tj ET Q q 0 0 0 rg BT 409.64 667.98 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.35 659.98 Td (Operations ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 651.85 Td (\(Note 5\(c\)\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.25 672.28 Td (Corporate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.35 662.28 Td (Overhead) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.90 652.28 Td (- Canada) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.55 652.28 Td (T) Tj ET Q q 0 0 0 rg BT 524.30 652.28 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 637.27 Td (Interest revenue on leases and loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 637.27 Td (84,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 637.27 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 637.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 637.27 Td (97,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 622.27 Td (Ancillary finance and other fee income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 622.27 Td (8,01) Tj ET Q q 0 0 0 rg BT 296.15 622.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 622.27 Td (4,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 622.27 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 622.27 Td (12,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 607.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.30 607.27 Td (\(21,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.30 607.32 Td (\(5,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 607.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 607.27 Td (\(26,647\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 592.27 Td (Provision for credit losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.30 592.27 Td (\(17,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.30 592.32 Td (\(1,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 592.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 592.27 Td (\(19,423\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 578.28 Td (Finance margin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 578.28 Td (53,030) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.65 578.28 Td (1) Tj ET Q q 0 0 0 rg BT 340.65 578.28 Td (1,122) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.15 578.28 Td (364) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.00 578.28 Td (64,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 563.27 Td (Personnel expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 563.27 Td (1) Tj ET Q q 0 0 0 rg BT 279.00 563.27 Td (1,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 563.27 Td (2,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 563.27 Td (1,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 563.27 Td (15,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 548.27 Td (Share-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 548.27 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 548.27 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 548.27 Td (789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 548.27 Td (1,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 533.27 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 533.27 Td (10,41) Tj ET Q q 0 0 0 rg BT 296.50 533.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 533.27 Td (1,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 533.27 Td (458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 533.27 Td (1,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 533.27 Td (14,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 518.27 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 518.27 Td (490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 518.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 518.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 518.27 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 504.17 Td (Amortization - intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 504.17 Td (1,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 504.17 Td (1,512) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 490.28 Td (Operating income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 490.28 Td (30,718) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.65 490.28 Td (5,247) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.80 490.33 Td (\(458) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.15 490.28 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.30 490.28 Td (\(3,773\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.00 490.28 Td (31,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 476.17 Td (Fair value adjustments - convertible) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 466.17 Td (debentures and investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 471.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 471.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 471.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 471.77 Td (\(152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 471.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 471.72 Td (\(152\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 452.27 Td (Unrealized gain on interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 452.27 Td (228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 452.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 452.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 452.27 Td (477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 452.27 Td (705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 437.27 Td (Unrealized loss on foreign exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 437.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 437.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 437.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 437.32 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 437.27 Td (\(29\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 423.28 Td (Income befor) Tj ET Q q 0 0 0 rg BT 107.34 423.28 Td (e taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 423.28 Td (30,946) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.65 423.28 Td (5,247) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.80 423.33 Td (\(458) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.15 423.28 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.30 423.33 Td (\(3,477) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.15 423.28 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 423.28 Td (32,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 408.27 Td (T) Tj ET Q q 0 0 0 rg BT 56.26 408.27 Td (ax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 408.27 Td (5,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 408.27 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 408.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 408.27 Td (2,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 408.27 Td (9,373) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 394.28 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.50 394.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.65 394.28 Td (25,042) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.50 394.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.65 394.28 Td (3,987) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.50 394.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.80 394.33 Td (\(458) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.15 394.28 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.50 394.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.30 394.33 Td (\(5,686) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.15 394.28 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.50 394.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 394.28 Td (22,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 375.27 Td (Net cash used in operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.30 375.27 Td (\(100,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 375.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 375.32 Td (\(16,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 375.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 375.27 Td (1,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 375.32 Td (\(277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 375.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 375.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 375.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 529.63 375.32 Td (16,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 375.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 360.27 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 360.27 Td (\(212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 360.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 360.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 360.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 360.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 360.32 Td (\(212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 360.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 345.27 Td (Net cash from financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 345.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 345.72 Td (123,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 345.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 345.72 Td (16,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 345.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 345.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 345.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 345.77 Td (\(25,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 345.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 345.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 345.72 Td (1) Tj ET Q q 0 0 0 rg BT 529.65 345.72 Td (14,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 325.27 Td (T) Tj ET Q q 0 0 0 rg BT 56.26 325.27 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 325.27 Td (600,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 325.27 Td (208,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 325.27 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 325.27 Td (6,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 325.27 Td (817,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 310.27 Td (T) Tj ET Q q 0 0 0 rg BT 56.26 310.27 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 310.27 Td (267,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 310.27 Td (152,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 310.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 310.27 Td (233,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 310.27 Td (654,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 295.27 Td (Finance receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 295.27 Td (559,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 295.27 Td (169,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 295.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 295.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 295.27 Td (728,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 280.27 Td (Goodwill and intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 280.27 Td (22,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 280.27 Td (37,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 280.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 280.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 280.27 Td (59,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 265.72 Td (Property and equipment expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 265.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 265.72 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 265.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 265.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 265.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 265.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 265.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 265.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 265.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 265.72 Td (212) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 103.00 0 0 22.13 53.00 743.67 cm /I44 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 31.50 197.50 Td (27 . SUBSEQUENT EVENT) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 173.50 Td (As ) Tj ET Q q 0 0 0 rg BT 62.97 173.50 Td (of ) Tj ET Q q 0 0 0 rg BT 73.65 173.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.22 173.50 Td (date ) Tj ET Q q 0 0 0 rg BT 107.23 173.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.91 173.50 Td (authorization ) Tj ET Q q 0 0 0 rg BT 173.02 173.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.70 173.50 Td (these ) Tj ET Q q 0 0 0 rg BT 206.60 173.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.93 173.50 Td (statements, ) Tj ET Q q 0 0 0 rg BT 291.00 173.50 Td (Canada ) Tj ET Q q 0 0 0 rg BT 323.34 173.50 Td (and ) Tj ET Q q 0 0 0 rg BT 340.13 173.50 Td (the ) Tj ET Q q 0 0 0 rg BT 354.70 173.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 374.83 173.50 Td (are ) Tj ET Q q 0 0 0 rg BT 389.39 173.50 Td (only ) Tj ET Q q 0 0 0 rg BT 409.52 173.50 Td (weeks ) Tj ET Q q 0 0 0 rg BT 436.87 173.50 Td (into ) Tj ET Q q 0 0 0 rg BT 454.78 173.50 Td (the ) Tj ET Q q 0 0 0 rg BT 469.34 173.50 Td (Coronavirus ) Tj ET Q q 0 0 0 rg BT 521.14 173.50 Td (pandemic. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.45 161.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 123.84 161.50 Td (and ) Tj ET Q q 0 0 0 rg BT 141.02 161.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 185.97 161.50 Td (across ) Tj ET Q q 0 0 0 rg BT 213.70 161.50 Td (many ) Tj ET Q q 0 0 0 rg BT 238.66 161.50 Td (industries ) Tj ET Q q 0 0 0 rg BT 280.28 161.50 Td (are ) Tj ET Q q 0 0 0 rg BT 295.22 161.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 337.95 161.50 Td (to ) Tj ET Q q 0 0 0 rg BT 348.47 161.50 Td (experience ) Tj ET Q q 0 0 0 rg BT 394.51 161.50 Td (challenges ) Tj ET Q q 0 0 0 rg BT 439.45 161.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.62 161.50 Td (it ) Tj ET Q q 0 0 0 rg BT 464.92 161.50 Td (will ) Tj ET Q q 0 0 0 rg BT 483.21 161.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 508.72 161.50 Td (be ) Tj ET Q q 0 0 0 rg BT 520.89 161.50 Td (some ) Tj ET Q q 0 0 0 rg BT 544.74 161.50 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.50 Td (before ) Tj ET Q q 0 0 0 rg BT 78.40 149.50 Td (the ) Tj ET Q q 0 0 0 rg BT 93.99 149.50 Td (severity ) Tj ET Q q 0 0 0 rg BT 129.01 149.50 Td (of ) Tj ET Q q 0 0 0 rg BT 140.70 149.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 171.28 149.50 Td (will ) Tj ET Q q 0 0 0 rg BT 190.20 149.50 Td (be ) Tj ET Q q 0 0 0 rg BT 203.01 149.50 Td (known. ) Tj ET Q q 0 0 0 rg BT 236.09 149.50 Td (Chesswood ) Tj ET Q q 0 0 0 rg BT 285.57 149.50 Td (expects ) Tj ET Q q 0 0 0 rg BT 318.92 149.50 Td (that, ) Tj ET Q q 0 0 0 rg BT 339.78 149.50 Td (at ) Tj ET Q q 0 0 0 rg BT 350.37 149.50 Td (a ) Tj ET Q q 0 0 0 rg BT 358.17 149.50 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 402.93 149.50 Td (there ) Tj ET Q q 0 0 0 rg BT 426.28 149.50 Td (will ) Tj ET Q q 0 0 0 rg BT 445.20 149.50 Td (be ) Tj ET Q q 0 0 0 rg BT 458.01 149.50 Td (some ) Tj ET Q q 0 0 0 rg BT 482.48 149.50 Td (period ) Tj ET Q q 0 0 0 rg BT 511.39 149.50 Td (of ) Tj ET Q q 0 0 0 rg BT 523.09 149.50 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.50 Td (originations ) Tj ET Q q 0 0 0 rg BT 100.48 137.50 Td (and ) Tj ET Q q 0 0 0 rg BT 118.13 137.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 159.10 137.50 Td (delinquencies/char) Tj ET Q q 0 0 0 rg BT 233.88 137.50 Td (ge-of) Tj ET Q q 0 0 0 rg BT 254.80 137.50 Td (fs. ) Tj ET Q q 0 0 0 rg BT 270.00 137.50 Td (The ) Tj ET Q q 0 0 0 rg BT 288.76 137.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 319.18 137.50 Td (may ) Tj ET Q q 0 0 0 rg BT 339.61 137.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 383.35 137.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 424.88 137.50 Td (af) Tj ET Q q 0 0 0 rg BT 432.47 137.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 450.66 137.50 Td (the ) Tj ET Q q 0 0 0 rg BT 466.09 137.50 Td (business ) Tj ET Q q 0 0 0 rg BT 503.19 137.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 548.06 137.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.50 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 125.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.36 125.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 144.47 125.50 Td (including ) Tj ET Q q 0 0 0 rg BT 184.74 125.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 222.77 125.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 248.04 125.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 266.10 125.50 Td (estimation ) Tj ET Q q 0 0 0 rg BT 310.26 125.50 Td (and ) Tj ET Q q 0 0 0 rg BT 327.20 125.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 365.25 125.50 Td (valuations.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 50.00 686.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 686.90 Td (Chesswood Group Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.3568627450980392 0.6039215686274509 0.01568627450980392 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 86 649.31552734375 m 335.2578125 649.31552734375 l s q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 86.00 650.90 Td (DIRECT) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 123.04 650.90 Td (ORS, OFFICERS ) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 203.23 650.90 Td (AND OTHER INFORMA) Tj ET Q q 0.3568627450980392 0.6039215686274509 0.01568627450980392 rg BT 311.37 650.90 Td (TION) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 87.00 619.13 Td (Dir) Tj ET Q q 0 0 0 rg BT 101.35 619.13 Td (ectors) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 619.13 Td (Executive ) Tj ET Q q 0 0 0 rg BT 404.97 619.13 Td (T) Tj ET Q q 0 0 0 rg BT 410.73 619.13 Td (eam) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 584.13 Td (Fr) Tj ET Q q 0 0 0 rg BT 97.37 584.13 Td (ederick ) Tj ET Q q 0 0 0 rg BT 131.34 584.13 Td (W) Tj ET Q q 0 0 0 rg BT 140.42 584.13 Td (. Steiner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 573.97 Td (Director) Tj ET Q q 0 0 0 rg BT 119.92 573.97 Td (, Chairman, Chesswood Group Limited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 584.13 Td (Barry Shafran) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 573.96 Td (Pr) Tj ET Q q 0 0 0 rg BT 370.63 573.96 Td (esident & C.E.O.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 536.28 Td (Samuel Leeper) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 526.12 Td (Director) Tj ET Q q 0 0 0 rg BT 119.92 526.12 Td (, Chairman, ) Tj ET Q q 0 0 0 rg BT 168.80 526.12 Td (Audit, Finance and Risk Committee) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 516.11 Td (Former C.E.O., Pawnee Leasing Corporation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 537.13 Td (Lisa Stevenson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.62 537.13 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 526.96 Td (Chief Financial Officer) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 480.13 Td (Clar) Tj ET Q q 0 0 0 rg BT 106.26 480.13 Td (e Copeland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 469.97 Td (Director) Tj ET Q q 0 0 0 rg BT 119.92 469.97 Td (, Chairman, Governance, Nominating and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 459.97 Td (Compensation Committee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 479.28 Td (Other) Tj ET Q q 0 0 0 rg BT 386.37 479.28 Td ( Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.59 479.28 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 469.28 Td (Auditors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.78 469.28 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 459.11 Td (BDO Canada LLP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 422.28 Td (David Obr) Tj ET Q q 0 0 0 rg BT 132.66 422.28 Td (ont) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 412.12 Td (Director) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 402.11 Td (Pr) Tj ET Q q 0 0 0 rg BT 96.63 402.11 Td (esident, Carpool T) Tj ET Q q 0 0 0 rg BT 170.61 402.11 Td (wo Ltd.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 423.13 Td (T) Tj ET Q q 0 0 0 rg BT 366.93 423.13 Td (ransfer) Tj ET Q q 0 0 0 rg BT 397.85 423.13 Td ( ) Tj ET Q q 0 0 0 rg BT 399.79 423.13 Td (Agent) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 412.96 Td (TSX T) Tj ET Q q 0 0 0 rg BT 385.18 412.96 Td (rust Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 365.28 Td (Robert Day) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 355.12 Td (Director) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 345.11 Td (Former Chairman, Pawnee Leasing Corporation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 366.13 Td (Corporate Counsel) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 355.96 Td (McCarthy T騁rault LLP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 309.13 Td (Barry Shafran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 298.97 Td (Director) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.00 288.96 Td (Pr) Tj ET Q q 0 0 0 rg BT 96.63 288.96 Td (esident & C.E.O., Chesswood Gr) Tj ET Q q 0 0 0 rg BT 229.04 288.96 Td (oup Limited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.00 309.13 Td (T) Tj ET Q q 0 0 0 rg BT 366.75 309.13 Td (or) Tj ET Q q 0 0 0 rg BT 376.01 309.13 Td (onto Stock Exchange Symbol) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.00 298.96 Td (CHW) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.55 175.90 Td (Chesswood Gr) Tj ET Q q 0 0 0 rg BT 310.87 175.90 Td (oup Limited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.60 163.90 Td (156 Duncan Mill Road, Unit 15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.75 151.90 Td (T) Tj ET Q q 0 0 0 rg BT 234.50 151.90 Td (or) Tj ET Q q 0 0 0 rg BT 243.76 151.90 Td (onto, Ontario, Canada M3B 3N2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.20 139.90 Td (T) Tj ET Q q 0 0 0 rg BT 235.95 139.90 Td (el. 416.386.3099 Fax. 416.386.3085) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 205.25 127.90 Td (e-mail:investorr) Tj ET Q q 0 0 0 rg BT 273.93 127.90 Td (elations@chesswoodgr) Tj ET Q q 0 0 0 rg BT 370.27 127.90 Td (oup.com) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.85 115.90 Td (www) Tj ET Q q 0 0 0 rg BT 269.96 115.90 Td (.chesswoodgr) Tj ET Q q 0 0 0 rg BT 326.73 115.90 Td (oup.com) Tj ET Q endstream endobj 101 0 obj <> /View <>>>>> endobj 102 0 obj <> /View <>>>>> endobj 103 0 obj <> endobj 104 0 obj <> stream xレスy彌Eユ7~nロ{{ススw゚゙サァサァァ'ウdヲ'52チ チHヨaG「ワPPA!"イネ" bタ-ョネ&イh,+ィ鱇TマL粧yカ?椥ハ:uk?uホゥo晝H""?掩ヌラアW」~訣゚.Xケvヘ荼3&rm 2\ケjMg羞wセm'琢C顧エzl袍梢yソ袱cヌ十ヲフノ rソB荵j峭毋オ「\D冥カ枹V鵝エス{佇ウキ殳ニwo慶m゚C{ラI孩lァル1゚1毟メ鴆:1m!コt-カ\qカ3゙吽Dゥ.:yzカ'W◆幣ノィp[_F=元゙ウ>E"ヌ「モヲ゚ヨ/|K&テ_タヲキ捫贍ヘニ=!「トミ゙ニ誣nキ-軋ヘ毟3ヲソツヲァノh$7キ淹,ロリ2゙蔕キOo_メe「SF、Lヒメlク很セ}ワF・g[リF>|;爨邇
$F_efノヲ敘RLp2殤。後t。(tコ垓,ヲ)駑tレヨ"ユP・驛任キ「シ膚ナ熹hメ+H、5H)、-H新"搴tホ }逖Oニヒhレlセ裕ア認Z碁y*孥錘I.cスnc慳N」ュd坤スュケメ「゚アキπG駁H^eEョ Pチ<73マネァ午貎カsタヌe炒Jヤッツ柱1Mテ籔V|{=ルxB埖クソ涼6エQ6p_ャ+#俊_フY2>)E・Oムニ'i擁-ナセ%7庠<ソ'譟y/メ2跣ミヤ覦$贏p盛oHモニn。ォマ3iサコヨォホX4チノ$%ーソ゚"-6m」ー5゙x<ツ|'lC
夏s~>d
」ュテr5ユ]ィiスfxナ-9Z漆BヨT ゚ル`Y珪#ニn」颱癌{NワKB>4 スO!ξo」ヨ0ヌ'フs7メキ1^テレ攵ヨケtームeエスi#研。aソテ羈ホッムヨゥツ切iN7ノ9氛o)愛!!コW#}
餉Hqペ陝 c{aサdロ`サカ[ハ:ワルー}オマヒ
"$?RナB。ケTF_qVXフ3椦器e>G{~ホヒd{:$マ+bmqリョノKlナJスヤヒレ靖|.x倨ウネ軋>溽マヲ8ネ懇聡eヌz渮軻ア神G9エュ4薄崋8胱aスy蔘9q`8ス`クヨスT.ワ^糖ャ習ァbセス親゙ ]#ヌ
iモ纈ル|keュオモ。洞キンニ9ァCロキ$0゚J'糺ラ貮[-モ胖Qセ。ャソ滝HゥウH#瀕メ'mァI{ャヌ
サメ勗a0S殃/-5トケヒ。フンi:1ホ(・牛ヌミ-キメ"聽ミ#ヨ2ト>゚`ァリ ニゥoエヒ7誑<N1&ネ_`羈< 廚ロ|7縊。=[Z?Hヌマ殘、.、レソ;#タ`陋才Z,hm0ョhmタ>イ|ォュンBkラツ}團ニ胞跣Q俣A-ワ。9Z5g9セKM7n゚。>qw達觚カ5ソ|v
クテメzヘ茹キ/《ノー促クヘd」9`
:ヒケヨcニ+Mミzcホ0ニBf!ウ|誨堋q臀ヌ[LーOニI硲ォy\fン[^#ゥ`=鏐ケE5'p灯e9鯵g綽チ\ヨヤ1ラ''ニ_Aネx,跟%<ァ乕aウモンz
~ンbNゥ酘Z4`[Lyアュ゚淞Ko2゙Kux廬|GンwT w$|*$胚H`嬲サ,i孫.ト]2wメqツ伶6%,%ェq2eミカ岡ニ1マ匆ォラ薹K?'ッ匙esセ q^ナクィハg軽
)リロテ比;ムyネミムaリcオJ稚メノカコュ-菊ギ{砧(ア漫lウル~ヤ=1mYセdzzthxxpヌ筌ヌ~26シケ5誘カ鯣 K'ァ^リカvpvヒ?ョ=痲:モンk7oリzエ躇VルbアY-寓`ース.lンシeK7oア6レ埓)a睫χ'~ ロルレI6)"晢サ1;`狄)崔f8zヘ壅bナ妹0クム2-MK'Cレ[nウmモヘb[ョdウZ7[ュハmモ欣・・.ロ拷ニpケ寢MM/ァユ盞'ttvt.Nヌ、」%.o槲<-
{・@Dr9、ソK餃鯲笙gkメ)'エZュユR!シ ;$鯊ソ、.IrEツソ青G}鐇/オ&フウ媚セ阪跳KヨNホナン[キ$ヲッ紛侖ナ鬟サラ[゙